JerryManders

JerryManders

I posted a bullish UPST view recently, but I want to add some important observations that should be noted for anyone playing this tomorrow: -I can't pretend that unfilled gap from last April-May around 61 doesn't post a major risk here. However, take a look back at the price action last May earnings and you'll notice a common theme, namely, pre-earnings the price...

JerryManders

Expectation is bullish until end of May, then bearish in June to complete corrective wave. Some confluence here using Elliot Wave, Harmonic Patterns, and Gann: Primary EWT count gives recent completion of corrective A, next stop B. The details of this primary count are below: - Impulse began 9/24/2012 (not shown) at 31.17 - Wave 1 completed 3/12/2018 (not shown)...

JerryManders

This has the setup to really go, point target = 155 by May 20 (the yellow highlighted date that is covered up (oops) is 5/20). - target range is 130s to 160s by May 11 - early June, depending on if the price can keep up with time! - initial/moderate target is 114, which is a statistical adj. target, I'll likely play calls with this as goal target by May 20 (and...

JerryManders Updated 

Might seem like a lot going on here, but every line has a foundational purpose, I labled but will give brief overview below: - For starters, I don't believe in merely using an indicator for the sake of it - ONLY if it has demonstrated sufficient performance and reliable on the name you are trading in the recent past (last 6 months minimum). What I look for is a...

JerryManders

GME is a Buy over 150, expecting explosive pop as soon as it runs back over 150 could be today or tomorrow. I haven't used the BBand/MFI/Vortex Indicator combo in a while but it works well for GME. -Initial/intermediate target 196 (could run into some resistance there and drop back down to support in the 130s one last time before pop to 200s so watch that level...

JerryManders

This type of scenario/projection requires you to use your imagination a bit - align that with some solid math and some extrapolation and what we have is a very possible near-term scenario: - Imagine FB never gapped last earnings, what would the price action look like. Is it possible it was forming the final part of its distribution phase that would have decreased...

JerryManders

At the end of the day as long as this stays above 233.68 its a Buy. - Bigger picture is NFLX can complete a Running Flat C wave if it stays above 233.68 (i.e. does not retrace more than 100% of wave B - The 5 count of wave C has formed a wolfe wave with the equilibrium point slightly above where it looks like it will open today (i.e. supply = demand near 272) -...

JerryManders

Look for a drop to around 104 (102-107 range = bounce zone) to start next week, followed by a pre-earnings run to 130s, then earnings pop/continuation to low 160s. After that it will be time to get short for a drop back to 120s-130s (will revisit and adjust for precise levels along the way and send updates). Logic : - My model for overall market (in sync with...

JerryManders

A lot of bullishness unfolding here so I will start with the targets and break it down how I got them and why I am so bullish on SQ. *Initial Target = 138 ; time to target TBD, what I'm looking for is 3 consequtive green candles at the 2 hour level (estimating time to target occurring before the end of April) **Intermediate Target = 157 by 5/4/2022 - I will...

JerryManders

Near term Bitcoin likely to get some wings - Bullish Butterfly with initial target around 41k. Description of chart below: - yellow zone would complete butterfly harmonic, expect liftoff from there - green zone is initial 1.618 target range - red horizontal line is 3 standard dev. under the displacement of the proportional differences between 9 day s.m.a and...

JerryManders

Bullish Bat to complete new wave 2. Better entry point coming around 4416 (should materialize around 2pm today). Initial target modified to 4517 (slightly lower than the 4533 from last post); this likely wont materialize until tomorrow unless we get an EOD rally in the form of an explosive bounce off of 4416ish. Have a blessed day. Not Financial Advice.

JerryManders

Refer to chart for description contained within. No time for a novel, I'm buying SPY Apr 14 448 calls but this is not financial advice. Initial Target SPX 4533 (~SPY 452)

JerryManders

When I choose a side to trade I take a rather unconventional approach in theory - I trade on the side with the most sophisticated algos driving the market. We don't have access to those algos but we can track their "thumbprints." Check out why I'm personally bullish for the coming weeks: At the 15 minute interval we have wyckoff accumulation as the general...