TL;DR short bonds for the week until FOMC decision 6/19/19 with no more upside pressure, consolidating at current level with volume. SPY is 70 points off of high and is aiming to test that resistance a 3rd time in this year.
Fundamentally: SPY is about to reach all time highs, with some more support as a fed rate cut is predicted (bringing hope in the short...
The Inogen Inc. chart shows that it takes much longer to reach a Peak new All-Time High. However, a Topping Formation or Business Bear Downtrend occurs much faster. There is triple or quadruple the points profit in half the time when selling short a stock as compared to buying it going long in the market. This stock is now at a support level and is no longer a...
Welcome to advanced Tothemoon analysis!
Well I did something) The estimated Tothemoon model.
This is an example of how you can use the fundamental Bitcoin metrics along with simple proportions and drawings. And without any H&S, gartleys and butterflies. Okay, I'll tell you briefly what I've done.
1) Cost per Transaction ($/Tx, miners revenue divided...
ETH is currently at $266 as of speaking.. As usual i was studying charts when i realized.. i spotted an Perfect Adam and EVE right before the all time high..
Did somebody spot this and just buy in??
Remember.. This was right before the 2017 ALL-TIME high!!!
What do you guys think??
Bitcoin - % Return & Future Peak High
Each market cycles rate of return has been 20% or 1/5 of the previous cycle return from bottom to new peak high
With cycle bottom at $3148, this next market cycle could give 2300% returns based on historical data with a Bitcoin high at $78,500
Sony completes a 3-Drive formation into the last ALL TIME HIGH from 2007. Can it get any better with the PS4 getting long in the tooth and smartphone shipments slowing down?
Also check out the massive SSR level set at 5,400 first set in 2006 which holds till today.
As the price of Bitcoin continues to grind higher the Bitcoin Shorts are also climbing higher and may soon reach into the all time highs again. Somebody is seriously wrong, who is it? Me? You? Us? Them? Stay tuned...….
Below is a look at the current short positions.
PAYX had a strong earnings report and continues to climb upward slowly making new all-time highs. The completed double, aka W, bottom is a short-term bottom formation that provides moderate to strong support if more profit-taking occurs.
MCD has a pre earnings run underway. It has broken out of a long-term trading range to a new all-time high. The technical indicators are diverging from the price action, indicating the rising risk of a retracement due to profit-taking.
FAST moved out of its sideways pattern and gapped, then ran up to a new all-time high. The stock is at risk of profit-taking due to the angle of ascent of the price action and the overextended technical indicator patterns.
ADTN broke through moderate resistance to confirm a completion of its short-term bottom formation. ADTN has a previous all-time high of approximately $47.00. Profit-taking is likely as it nears the resistance from the lows of the prior sideways pattern above the current price.
$SPY - with its consistent grind for the month of April, we have finally found ourselves approaching ATH (All time highs) from back in October 18'. All indicators illustrating market breadth is exhausted and due for a pullback. With earnings and volatility arising in the majority of S&P names, we will be mindful of both directions the market can take. For healthy...
CHKP is one of the few stocks that has breached its previous all-time high, corrected mildly and then resumed the uptrend to new higher highs. The stock has a mixture of retail traders, pro traders and mild Dark Pool accumulation at times. The momentum will stall intermittently with profit taking from professionals.