Rate of change analysis for the transports...Suffice to say, It isn't accelerating bulls...
XLB is decelerating its rate of change. What does this mean for inflation and the health of the economy?
If XLV can't hold its rate of change level (.214 fib), that doesn't portend well for the sector. I look for it to break soon.
XLI may be high, but its rate of change is weakening, and looks to get weaker.
If XLF can't hold its Oct 22 low at 30 (and fib line .382) look for XLK to crater to just above its .618 fib line...
Dow continues to weaken, rate of change will continue to slow.
Rate of change for SPX since 09'. Rejected at the .214 extension, losing velocity, and will get worse...
Without the banks the bulls die. Banks are breaking down...
Balance Breaker, XLY is losing steam quickly. True Fib reveals all...Low 09' to top in 21'
Nasdaq's rate of change since a low in 1987 attached to the high in 2000. Fib used correctly...
Pretty simple, NIO as with other EV's is running on schedule. Chart shows a fib fan with channel action between .618 and 0. Chart anticipates a minimum of .25 extension with the likely (my opinion) possibility of a 0 extension. As illustrated with my Tesla chart, the demise of EV's hype has been grossly exaggerated. Since March 2020, the price action has...
Fib Fan Apple retrace to .382. Given the breakout in June of last year, I believe the new level of support will be .382 fan. The second top had a weaker RSI and continues to fall.
Nice little Gartley Harmonic here. Target 1 is C, Target 2 is A, and Target 3 is 1.618 extension from A. Look for TSNPD to retrace back to .618-1. A jump followed by some horizontal movement should occur before the fireworks go off!
It's been awhile since Penn dropped to a .5 retracement. Is El Presidente's sex tape tanking Penn, forcing it to break below a .382 retracement destined for .5, or is it just a natural retracement paired with awful timing of an illegally released tape? It looks to be the latter and unfortunately adds a little extra insult to injury. I'm not sure Penn will hit the...
I'm a bit late to this party, but RECAF be a ROCKIN the Gartley Harmonic! Looks pretty clean. A-B is a full and clean .5 retrace. D is incredibly close to .886, B-D less than a tenth from a 1.618. X-D is right on. OOOh baby!! Its not too late! the boat may have left but the Captain forgot his shades and should be coming back to port to get em! Following a 60%...
I plotted Elliot waves since the TSNP Humble merger. The last Elliot Wave combination I drew is Double 3 Combination. In the short term I am looking for a bounce to the 20 day MA followed by .618 retrace. Should see another couple of bounces and retrace before??
There's a couple of ways to read this chart, I chose the "sucks to be a passive investor" one. It looks probable to me that 2021 will be a bust for the S&P. I see a minimum of a .25 retrace this year, possibly into 2022...If this completes as shown, the S&P index crowd is in for a rough couple of years...
Found this little Harmonic Bat fella earlier today. I didn't think it would work since point B never saw a .382 or .5 retracement from point A. So why am I publishing this? Target 1! When setting your target pricing for a harmonic bat, your first price target should be a .5 retracement level from A-X. Where did NIO retrace? That's right, a perfect .5. That in...