This chart uses symmetric trajectories from the early distribution phases to estimate the path price will take to initiate markdown. Initial target = 506-508. If SPY finds resistance at 516 then the initial target could hit by the end of this week (5/10). If SPY breaks above 516 it should find resistance at 518-520, and then the initial target will be delayed -...
Bear flag showing here on spy and a few other indexes/ sector. This bear flag would be consider a handle for a inverted cup and handle. Smaller time frame looks like this spy And heres NQ We are headed back to bear flag support around 500.. from there we could either finish one more bounce higher 511-514 before finishing the leg down to 480 The bear...
Updating my analysis with some additions of some key levels to watch for as price makes it's way higher. I do think NASDAQ:NVDA is going to become more volatile over the coming few weeks as it works it's way to the top resistance levels. Even though price seems to be forming a H&S top, I'm not sure that we break down here. I think the most likely scenario is...
Before posting this I did check through the first page of most recent and most popular threads on MARA and it was very interesting to see that every one of them is "LONG" MARA. So this is a contrarian thread. And why is that? Well aside from the skill it takes to make a correct bearish call mid bull market; MARA is a fanboy hype stock. Most of the posts are...
I think all magnitude is worked out. Hate to call it, but, it is time. See you all on the moon.
Last week I just did a longer timeframe update. I am going to continue with the larger timeframe as the focus but will also give the shorter timeframe levels for next week. You can see we've just chilled below the 3 month threshold for far too long. It's 504 on the horizon, that's for sure. We will likely snag a bit lower, because I didn't realize there was...
NYSE:GME Macro breakout, from 3 year downtrend on weekly. Previous trendlines sitting below 200D, show historical measured move (Yellow square).
Strong resistance at $50, with what looks like a rising wedge pattern. Possible bearish movement in store?
After a good correction, we might see a major move prior to next earnings surprise Mai 6th... Wykhoff target of 31-33 might be in reach .
boost and follow for more 🔥 JPM is moving into its make or break zone, nice rally since it broke my long trigger I gave early July in 2023. But for that rally to continue we must break the next long trigger ... :) now we see if we reject from trend resistance from 2021 or we break it/202... if the breakout comes this 250-300 targets are very possible by end of...
The rise and fall of GameStop's stock in 2021 became a landmark event in financial history, captured in the recent film "Dumb Money." This saga, fueled by unprecedented social media buzz and retail investor sentiment, culminated in a historic short squeeze and raised critical questions about market access and regulatory oversight. The Spark: A Sentiment-Driven...
Let's take a look where SPY will end up 2 weeks from now.
AMEX:SPY May 10, 2024 15 Minutes. Holding 516, (yesterday low was 516.70) 520 target was achieved. At the moment i have 2 issues. Positive is uptrend, above all moving averages, Stochastic black bar on top, did not become red on any pullbacks, Elloitt oscillator green and CCI green. Negative is Elliott oscillator divergence (price making higher but not...
If I was oblivious to what NASDAQ:DJT was and someone asked me to look at it on stream I would say it was messy but a buy. Price has recaptured the Volume Profile Point of Control, tested it as Support twice, and is rising. I consider the stock an election year fun ticket more than an investment. One could play it as a proxy for poll numbers from now until November.
Crossing up several moving averages, RSI moving up, Relative Volume up, all after a double bottom. Looking good.
Inflation is expected to rise again because the prices of staples such as wheat, rice, corn, and soybean meal have been increasing over the last two months. Additionally, we've seen a 20% increase in soybean meal prices since the low in February. Chicago SRW Wheat Futures & Options Ticker: ZW Minimum fluctuation: 1/4 of one cent (0.0025) per bushel =...
Been buying shares of RIOT, and will continue to add shares anytime this gets in the 9s. After a couple bad years of production, RIOT's new Corsicana facility is energizing and the new miners will boost hashrate and increase efficiency. Oh, and lets not forget the 8500 Bitcoin on the balance sheet and positive earnings. RIOT has been undervalued for too long! As...
Retapped supply, now ready for down trend after ER?