Macavoy83

Macavoy83

Harmonic is almost complete. Expect a nice retrace. We will see if this is "The Top" or "A Top".

Macavoy83 Updated 

Bat Harmonic is complete on AAPL. AAPL has a higher market cap than the entire Russell 2000. Once this thing breaks support, rest of the market will follow.

Macavoy83

I've seen everyone calling the top. Even i shorted the top but we are only down 3% with bulls buying every single dip. We could continue to go lower if we break down from this channel. What if... What if we stay in this channel and the bulls force the bears who sold this past week to cover? There were massive shorts opened this week rightfully so. The covering...

Macavoy83 Updated 

I'm sure everyone has seen this same trend line and same bear flag. We tested it on Tuesday and we have begun breaking down. This is a correction. Not a crash. Not 2008. Not 2000. Just a correction for now. We will get a crash if the Credit Markets start collapsing and we don't have liquidity. We are not there. 2023 will be a shtshow. We will have a real crash...

Macavoy83 Updated 

This chart is just ugly. I have been very profitable 2022 with this stock (mostly because I shorted earnings). When they announced a price hike a week before earnings, I knew earnings was going to be bad. I am still bearish on NFLX until I see more support.

Macavoy83

Here is a bearish Gartley on the 1 Hour Timeframe. I indicated on the daily chart that there is a harmonic that would take us to ATH's before we drop.

Macavoy83

I am not sure if we go to ATH's yet or not from here. It is not out of the realm of possibility to hit ATH's before we drop again. There is a Gartley on the 1 Hour timeframe which we have already hit the target and should drop from here. There is also a diamond playing out on the weekly timeframe. The market will make a decision soon on longer term trend.

Macavoy83

Historically speaking, two thing occur after the Yield Curve Inverts: 1. We Reach new ATH's in the indexes (Such as Nasdaq and S&P 500) 2. We hit a recession about a year later. At this time both are likely; however, this is a very short timespan since this last occurred (2019). History may not be so easily repeatable. It also does not help that the fed...

Macavoy83

We broke down from a year long Darvas box. We broke up last year then failed. That was the biggest signal last year that something is wrong. 2022 will be a long year if you are not prepared for it.

Macavoy83

Apple is breaking out up and looking to make a beautiful harmonic pattern. This may coincide with a massive blow off top of the indices. We will have to wait and see

Macavoy83

Bonds are breaking up. They made a higher low and going to push higher. We are above the 20 and 50 DMA. This will be a nice long while stocks get volatile.

Macavoy83

Russell is my favorite market leading indicator, it looks like we may get a bear squeeze soon. I don't expect it to be a long one with earnings season coming up and revised outlooks probably going to look bleak. I am surprised we haven't gotten a bear squeeze yet though.

Macavoy83

Expecting Oil to bounce and expecting the Energy sector to follow.

Macavoy83 Updated 

I have haven't shorted TSLA for over 4 months. Today is the day I start again. I got in some small positions and slowly add as we get more confirmation. We hit a huge Fib target in TSLA and history shows it may start reversing here.

Macavoy83 Updated 

WHO downplayed to Corona Virus. Market will ignore the risks and push higher... at least until the virus actually affects the markets. We will get an opportunity to short this bubble one day. For now go long

Macavoy83 Updated 

Looks to be range bound this entire month. The month ends this weekend. Don't expect to break out before a holiday weekend and September could be a rough month.

Macavoy83 Updated 

Expecting a bounce

Macavoy83 Updated 

We have broken support and have been creating a bear flag for the past few days. We are likely to continue to drop to support. Economy is debt driven but still decent. I don't see a crash; however, I do see a correction. We should bounce off support with the help of the FED by dropping interest rates and in an extreme case, perform QE4.