HOOPFOOD

HOOPFOOD

The bank ETF has retraced to the 382 fib and also happens to be in a falling wedge Chart watching this. Getting interesting.

HOOPFOOD

If Bulls can't find support at 1716, we may see lows of 1600. I think there's a solid chance we bounce at 1716 but the moving averages and fibs tell a story of a sinking ship..

HOOPFOOD

A full 1.618 extension and bullish divergence is making me think we see a rise. Purely technical approach. Happy Trading

HOOPFOOD

Equity's are at an important decision point where they are coming into a support at the 382 since the covid low.. I expect bulls to fight hard at this level as we form a falling wedge into support.. The volume is slowing; selling is slowing. This does not mean that we will bounce for sure, but that there's a chance... Perhaps this is a level to take a...

HOOPFOOD

My bull bias is for gold going to 1890 has pretty much faded ... I think that we could be seeing the next major fid below around 1760 getting hit this is coming off a rejection from 1880. bear move is becoming more and more likely by the second. just an update from all the ball analysis that I put out When I am wrong, I want to point it out.

12:01

HOOPFOOD

Just a quick stream on gold and why it's not taking off like I thought it would

HOOPFOOD

I believe Gold is patiently waiting to squeeze upward towards 1890. 1850 being the fib level traders may be waiting for. The parallel channel and the 89 sma (white) is my guide. As well as the fibs plotted. Happy Trading.

14:46

HOOPFOOD

Podcast form. Thoughts for investing.

HOOPFOOD

I am bullish on the price of gold to reach 1890 eventually... We may need to retrace back into support, but from my point of view, Bulls have the volume to break to the 1272.. Bull extension is the target 1890... There also is a parallel channel here that I have plotted to guide you.. happy trading

HOOPFOOD

Bitcoin is finally approaching 20k again and it's time to celebrate. I'm a buyer.

HOOPFOOD

As the 236 fib broke the room to fall for equities increased drastically.. The 382 is the target. Not much more to point out here. happy shorting.

12:53

HOOPFOOD

Thoughts on gold, equities, and bitcoin

HOOPFOOD

I thought gold would be ready to go up by now but the resistance is still weighing on the price. perhaps one more lower low and then we get to 1890. Im doing this analysis on the fly. This market is tricky. Happy trading.

06:35

HOOPFOOD

Brief Gold thoughts.

HOOPFOOD

I think Boeing is oversold. Purely technical play as $BA is seeing buy volume coming in -- right off the fib level shown. Oscillators look well defined. Stochastic may be showing a need of a retrace. but I am watching for the fib support at 130 to hold. Timing likely depends on overall market. Range* low. Swing.

HOOPFOOD

I believe Gold may sell off before my bull target. Not smart to trade against larger trend IMO. Time will tell as NFP comes out, and the week ends.

10:44

HOOPFOOD

Quick morning stream on gold

HOOPFOOD

Gold seems like it wants a break as it sits on the support going back to 2011' ... After this big drop I have to believe some kind of correction is possible, 382 usually being the standard. 681 possible?