RocketTraveler

RocketTraveler

NASDAQ:MSFT is currently testing a multi-year bearish divergence that has built-up on the RSI. If price continues to decline from here, a failure to break above the RSI resistance will be confirmed. NASDAQ:MSFT is unlikely to make any meaningful momentum upwards until this resistance is broken. We see similar divergences on other major tickers: ...

RocketTraveler Updated 

NASDAQ:MSFT is showing a mixture of bullish and bearish signals; however, the most concerning of which is an active rug pull event which kicked off on March 16, 2023 at $265.20 via the 2D timeframe: This coincides with a large RSI divergence event occurring on the larger timeframes; highlighting the potential for a double-top: That being said, there appears...

RocketTraveler Updated 

SPY appears to be barreling towards the completion of a rug-pull event that kicked off back in March of this year. The downside target for this event is $399.88. Although we ultimately place SPY hitting $399 in the near future as a high probability, we do see yet another rug-pull event that has taken place at the $429 price target on a smaller...

RocketTraveler

NASDAQ:AMD had an amazing day launching higher after their earnings report. That being said... a trap is forming. We have detected a rug pull event on the 30 min. timeframe at the $97 price level. This brings a high probability that price action will drop back to $97 sometime in the near future. See below for other examples of rug pulls on the NASDAQ:AMD ...

RocketTraveler Updated 

TVC:VIX may have reached a significant bottom during today's volatile trading session. As seen below, the recent rug pull shown on the 1D chart has finally concluded; almost to the exact penny. When we step back and look at the weekly timeframe, VIX is currently bouncing higher off of a major bullish divergence that was built up over the past several...

RocketTraveler Updated 

NASDAQ:AMZN is showing signs a reversal could be on the horizon. Looking at the gap-down on Sept. 21, we see the bulls have recently attempted to fill this gap but thus far have failed (as of the writing of this post). This is occurring alongside an active rug pull event at $128.81 as well as an overbought RSI beginning to cool-off. All signs showing this...

RocketTraveler

NYSE:DIS has certainly seen better days as it has spent the better part of the last 2 years with price action slowly trickling downwards. That being said, a magical opportunity appears to be presenting itself. We see an active rug pull event has kicked off on the 2D chart with an upside target of $103. This represents an upside of approximately 20% from...

RocketTraveler Updated 

CME_MINI:NQ1! broke out of a textbook bull flag price structure over the weekend and has consolidated nicely throughout the trading day Tuesday. We see two price targets of interest: 15600 - the price structure of the most recent high and the implied move of the bull flag 15063 - the approximate point of the bull flag break and currently the location of...

RocketTraveler

The futures market has been flashing a warning signal under the hood since the beginning of the year, but you wouldn't know it looking at how the market has been blasting higher YTD. Using a proprietary technical indicator as shown below, you can see that we are far from out of the woods. This indicator measures unexpected "bursts" of volatility which must...

RocketTraveler Updated 

ES1! has a date with 3655. Bulls came out of the gate too fast. Market equilibrium about to pull this back down. Short entry: 4000-4100 Short exit: 3655 Mark it.

RocketTraveler

Short and sweet... Seeing possible hidden bearish divergence on the SPX/SPY on the 1H. Could this coincide with a double top and flush down, or will we head higher into next week?

RocketTraveler

ES formed a nasty looking bear flag tonight which is currently in play. Expecting to hit 4050 or lower tomorrow. Stay frosty!

RocketTraveler

With a strong close by the bulls today, $SPX finds itself at a key inflection point. Today closed right at the 0.5 fib level from our Jan 4 high to our Jan 24 low. Coincidentally, the upper bounds of our ascending channel also lies around this price level. If this is truly a lower high and a continuation of a bear trend, I would expect a rejection of this level...

RocketTraveler

SPX has rejected the 0.382 fib level from our Jan 4 high to our Jan 24 low. This often signifies a failed reversal attempt and buyer exhaustion, thus forming a higher low within the current downward trend. SPX also appears to be forming a bear flag, further strengthening the downtrend thesis. Stay frosty out there.