Energy looking real heavy here... Expect top is in... Time to rollover and cool off CPI soon... Probably one more high CPI tomorrow, then we start to cool off until...
Elliott showed the way, we just followed... Ride the Waves...
Like the setup for Peloton... Expect to bottom to be in... Pushed up for Wave 1 and now correcting for a Wave 2... Will Elliott prevail? We shall see...
Looking interesting... Bottomed and Wave 1 in it appears... Finish Wave 2 correction and upward trend expected....
Very nice pullback for MicroSoft for a Wave 2... Expecting further upside soon... Patience as always...
Wave 2 in progress... Expecting upside to resume soon... Patience is key as always...
Apple is fluctuating around key chart levels. Watch to find out more.
The geopolitical event has helped gold to set a new all time high (what would probably happen anyways at some point). Right now people are very scared, and are fomo buying commodities like metals, oil, gas futures, and so on... right at their all time highs. Think about it... they make retail investors sell equities at their local bottoms to FOMO buy commodities...
Hi everyone, Weekly SPX update here. Strong grind higher continues. Today we gapped down at the open on CPI news before market open. However, the gap was filled in the first hour and a half of trading. Strong rebound after bad news tells me that investors are optimistic about the equity market future. My levels are working great. Below: 4529 4496...
As Stocks & Crypto push higher, even yields ticking up with a hint of a Gold rally. It is my opinion that stocks simply can't be this inflated for long. Yes we need to wait for the Fed to reduce QE pace. However, one needs to get Volatility while it's cheap. Looking for a short term bounce in the #VIX to $24 with this beautiful double bottom / W pattern.
The daily chart is showing market sentiment from a breadth perspective: the percentage of stocks on the NYSE (2943 stocks) that are above their daily moving averages. The trend is increasingly bullish but that increase has peaked in recent days. [bDetail: MMTH - RED - Percentage of stocks above their 200 DMA MMOF - Percentage of stocks above their 150...
Beautiful descending Higher timeframe continuation correction. Watching the lower timeframe descending within structure to see if we get a clear push up and continuation if so I'm looking to buy and hold for the foreseeable future.
Short SPX500 @ 4,215; TP @ 4,000; SL your choice
I'd like to buy into this eventually for my long term hodl. When will this be considered a good buy? What do you think?? Could it go something like this??
if fundamentals support it , we can see something interesting in the next couple weeks.
diamond hands or diamond heads? ^^
Short SPX500 @ 3,850.00; TP @ 3,696.00, SL your choice
looking for a market correction up to %40 before the long term recovery. VIX target : 50-55. it cooled down all the way back to the bottom , from the covid-19 tops . i don't expect it to spike up through 70-80 range again.