The final push up in this spike and channel pattern. I don't know when it will resume the up move and from where. I also don't know what the top will be. I will trade the bearish break of this pattern. There is about 1000 points left to the upside. I got in too early back on the 18th and will wait until it gets up to my levels. Short Term Bullish until...
What I am seeing is a bull flag in a sideways range. It poked above and failed. Most likely pulling back into the half way point. Pulling back getting ready for the FOMC next Wednesday for a, more than likely, bullish FOMC. I believe we have one final push up before the 37% sell off down to 23,000. I am currently short, notated by the orange line. I admit I got...
My personal gameplan on how I am tackling these sideways choppy markets. First, I will sell this 37% sell off that is about to occur February 20th Second, I will buy for the explosive short squeeze 60%, wait for the dip and buy off the rising wedge bottom for another 12,000 points Third, I will sell the upcoming 49% sell off on year 2029. Finally, the bottom...
This is going to be a repeat of my prior post as I now have more up to date information on the 37% dump that is around the corner. It will be hard for me to thouroughly explain what it is that I am personally seeing but I will try. First off, I am basing this entire thesis on 1969 as price action is lining up near identical. I first noticed this back in...
Using the monthly chart, the start of the 2024 bear market is here. Using strictly technicals I will give my reasonings. All of my analysis is based on the 1962 Set Up Identical to today in 2024 Starting with 1962 1. A 28% drop into a rising weekly 200sma 2. A then subsequent 88% rally 3. After said rally, a then, 25% bear market/ pullback into the...
Anything can happen tomorrow. I am only making this post as a personal skill development of trying to improve my strategy and try to figure out what the market tries to do. I may be completely wrong and I am ok with that. I will react to what the market does in the moment. This is mostly a thought experiment.
I will be looking for a couple more green candles to rally into the declining hourly 21ema. I will keep raising up my sell limit order under the body of the highest green candle until a red candle eliminates it. The candle can rally past the 21ema by a bit and is still acceptable, in fact, preferable. This would "close" the gap and hit stops up high. I will be...
I am expecting another choppy range week and will buy the lows, sell the highs. Will take it slow this week and try to avoid getting chopped up. I am only going to allow 2-3 trades per day. I am only going to allow 2 losses per day as Max daily loss I am only going to allow 2 winners in a row as Max profit protection I will only do 2:1 on every one of my trades...
I put my limit order at 50% of the last 15 minute fat bar. I am waiting for a pullback for a trap shorts. The 200sma on both the 15minute and the 5 minute is flat. My stop is 49 ticks with target at 37864 just before resistance for 162 ticks. About 3.3 to 1
I was tinkering around with news ideas and I have come up with this setup that I will try if market sets up with all my rules. I must have these rules in place, Most importantly, a fat CPI green bar followed by an even fatter, Bear engulfment bar. Once these are in place I will place a sell limit order in the middle of the golden pocket of that bear engulfment's...
My long term thesis is an 18 month sell off back down to the monthly rising 200sma. My only concern is when is the market going to start. We are bumping up on the yearly up channel. My guess is it might take a couple of months to get going. Short term we have the CPI report in 12 hours. My best speculation is that it will be bullish and choppy to hit the stops up...
I don't know if it will play out exactly like August 7th but any small pop above the flat 200sma I must short as required by my strategy. I don't get to pick and choose. Going over prior data I noticed that August looks very similar to what is happening now. I am not saying that is what is going to happen just an observation. Anyway, I am short the Asia open...
I am performing my own weekly analysis for the week ahead. I may not be entirely sure what is in store for next week but my strategy calls for shorting into the 200sma whether it pokes its head above or not. I will be mostly short bias but if long, I WILL be closing before it reaches the 200sma. In my eyes I am seeing a range developing with a slight hint of a...
I believe we will experience 20 years of sideways chop in an overall up channel, building up for the explosive movement to 200,000. Extrapolating the monthly 200 period moving average, you can see that it is rising and once the move really starts going, it will start pointing up. Of course this whole post is my OWN personal speculation but I am fairly confident...
Being in a range, will Thursday go up first to take out stops then go short? OR Will it go down first to take out stops before going Long? I will wait for the outsides and see which scenario happens. Range trading is very difficult for me and I get chopped up. Please like and leave comments if you want. Thank you
I am still bullish and so will like for buys on Friday. I am expecting a first red candle and as soon as that red candle's body gets taken out, I will be entering in Long targeting 38125
This is what I am anticipating for the next 3 years or so on the DOW'S weekly chart. I am expecting a bullish run up in this bear flag formation to hit the third measured move up to 42,250 before the next sell off down to the covid low demand area of 24,400. This last weekly run up was the second measured move and is still in progress to hit 39,000 based on the...
I am basing my analysis on the chart and using trend analysis to determine that it is still bullish. It is not at the top but in the topping process for this second leg of 20%. January 11th is the next major red news of CPI and I believe that will be the catalyst to propel price to its goal of 38,800-39,000 target. Using the last 20% leg up back in October 2022,...