Going into next week, we could see continued pullback down to the bottom of the wedge. Its unlikely to break below and unlikely to hit PL1 because PL1 rests below the wedge. But it is possible. Bias is still up, the wedge will break eventually, either up or down, but I wouldn't hold out hopes for a great short into next week. Be cautious of course, but the...
NVDA tanked on Friday and continued to tank after hours to the projected low targets for next week. The HA setup shows that we should test below 852. Likely open gapped down. I wouldn't short. As of now we will be opening already in the weekly short targets and if we gap down it will probably open below. Immediate anticipation into Monday is a wick below 852,...
Hey everyone, Sorry I didn't get around to posting over the weekend. So my initial assertion was we would pullback into this week; however, there was a 2 hour bullish HA setup that ended off the week: So we were able to take that target out yesterday and then once that happened we starkly pulled back. Right now SPY is just hanging on the bearish condition on...
Going to write an idea but it will be brief; Same setup as last time with a break below the next week threshold. We also see that its rejected the wedge. So PL1 is the immediate target and maybe a bit steeper. But maybe not. It does seem to really want to break out of this wedge so it may go running at it again. Look for bounce/ support at PL1 if we get there...
Haven't posted a video idea in a hot minute. And have been kind of neglecting posts on Tradingview haha, so here you go! I will follow with some written ideas on the popular stocks (i.e. NVDA and SPY) but just wanted to do a rambly video explaining my thought process on my top watches of the week! Safe trades and enjoy the rest if your long weekend!
Another bullish Heikin ashi setup on the hourly, as with last week. So not counting on any massive gap down or selling on Monday. If we do somehow manage to see some selling into Monday and gap towards those low targets that would be an ideal long entry. NVDA may be a bit choppy next week. Its over all major targets and has not seen any pullback. Though the...
Hey everyone, Didn't post an idea on SPY this week because didn't really know what to expect and didn't see the point. Now we have a definitive, long term setup. SPY is on track to hit its annual high targets, with 3 consecutive daily closes above the bullish conditional on the annual levels. Initial TP is 513. Very fast considering we are month 2. Who knows...
May see a flash crash into Monday open, but the setup is still bullish, (I mean is there any other direction?) lol. Heikin ashi setup supports up movement, but the over-extension and broader market setup supports initial pullback. For NVDA that generally means an exaggerated panic sell followed by consolidation and bolting back up. Its unlikely to just continue...
In a previous video, I explained my share trading strategy, specifically for choppy markets (available here): But many of you have asked about when I decide to take options over shares and what setups do I look for. This video covers my own option rules and setup guidelines. Key points from the video: Always wait for re-tests of support and resistance....
AAPL has really been a non-mover. Not one that I like to play anymore because its all over the map. But I figured I would post some levels for it. We fell below the bearish condition in after hours, I kind f expect the broader market to open on a bit of a gap down on Monday so if that is indeed the case we may see AAPL open fairly close to its lower targets....
Bearish Heikin ashi setup here putting the pullback target as a move to the low range box. From there, likely just a buy the dip sitch again. Of course watch the conditionals, because with the lunacy of the current bull market, bearish HA setups have frequently failed, let the threshold dictate your move, but just from the HA setup we really should see it...
So, SPY has reached the first target on the 3 month and its inches from snagging that 495 high prob. Great for me because I have been patiently long awaiting this exact position, and now we are inches from profit taking. Bad because, if we remove it, there are, currently, no bullish high probs to give us that high confidence of upside. So what will happen? I...
BA took a tumble on some bad news, but it looks like its almost ready to rebound here. Bigger picture: Watch the threshold breaks here, just in case the selling isn't done, from the chart it looks like the selling is pretty much done, but BA can be a tricky one, so it is important to watch for confirmation. And those are pretty much my thoughts on BA! I...
So NVDA is in a bull pennant here. I am watching for a break up or down. A break up would also lead to a break out of the bullish condtion and signifiy a move to the upside. A break down would do the inverse. This is a pretty straight forward ish setup. Just watch for the break, if you want to be extra sure of confirmation wait for at least 3, 30 minute or 1...
This video explains how to use the futures and index RPPI indicator. The indicator is available here: As always, leave your questions and suggestions below or on the indicator page! Safe trades!
Posting late haha, have been busy with the release last week. But rest assured, I'm still here! So the levels are in the chart. This is just a consolidation day, I did anticipate this after the move we saw Friday. So far SPY is doing admirably well consolidating in the threshold range. We may actually see a bit of pullback if it looses the bear condition, but...
Hello everyone, I apologize for the delay in posting this tutorial. This is the tutorial for the Universal Forecaster. In it, I cover: 1. What it is, 2. How to use it, 3. Its associated strategy, 4. Its functionality As always, let me know any suggestions, comments or questions for the indicator here or on the indicator page. To view the indicator, you can...
Hello again everyone! I did my SPY post for 2024 and I thought to myself, you know what would b e really cool and interesting to post and then revisit towards year end? Annual projections on the top traded stocks and indices. I threw BTCUSD in as well because, why not! Now I have some models on some of these, but in the interest of saving time and energy, the...