SPX reached the target at the close yesterday (see the previous post - pick your poison). So now do we sell to 3750ish before the big Pow takes the stage? Could be. The Dollar again is starting to rally so we have that as a headwind today, bonds also sinking to under 130. With the amount of traders not wanting to be in front of the fed, a 100 point sell off into...
Weekly Engulfing Charts are clearly not a preferred look for the Buy Side and those riding the Bullish Tilt-O-Whirl - Bodies are being flung everywhere. The Dollar is doing its thing, it ran to our PO at 107.65 with a 107.67 print and reversed yet again. it's been a pattern as the EuroDollar continues the ties that bind, Dollar shortages create demand until the...
Last evening I challenged my followers and they rose to the occasion, so a deal is a deal. For context, let me back up and say to those who are new to following me. The notion that external news and events affects price is something that continues to be debated. On one hand, you have those linear thinkers, who see price move immediately after a new release...
Expecting price to bound at discount price on NY am or pm bullish on the daily until price is rebalanced
Another short opportunity setting up on SPX at .382 retrace of move down.
Before we begin, to substantiate what I'm about to say, I would suggest everyone blow 8 minutes watching this video . Professional bull riders attempted to ride Asteroid 76 times. Asteroid bucked off and stomped professional bull riders 71 times. You should know professional bull riders aren't some Cletus-style hicks. These are professional athletes in very,...
Very important close above 3886SPX, should push higher tomorrow imo. Im planning on buying ES longs for a trip to 3935 or so at min Looking for a high before FOMC and low by the 29th
I see two likely scenarios from here into fomc on Wednesday. Either we rally and then sell down after fomc to 3700 area or we sell into fomc to 3700 area and then rally after. So as of right now, I think rallies should be short opportunities but a hard sell off into Wednesday may be a long opportunity. Many are calling for a 2008 - like crash, but I don't see that...
As much as I believe in "Don't Fight The Fed", I'm starting to think the bottom for the US markets (Technology/SPY/QQQ) may be much closer than some people think. My cycle research suggests a 2022.5 cycle pattern (late in the second half of 2022) is highly likely. Have we seen that yet? Maybe. Maybe it is the recent bottom in June 2022 and the change of...
A few factors in this trade: ✅ Friday showed a nice bounce off the 3853 support level ✅ Bullish divergence on the MACD and RSI daily charts demonstrating seller exhaustion ✅ Wonky inverse head and shoulders and descending triangle could play out. Two price targets on this one with a defined stop at 3842 (giving that 3853 level some room to breathe). Hoping we...
i dont know how SEO for tradingview works... I posted about the buying before the friday close when nq had dropped to 11800 and everyone was extremely bearish... i posted this idea which you can see here but its not ranking; hence I am posting this again we have broken below sept 7 low.... the sentiment is extremely bearish but the evil plan is to take the...
Below today's large down move is a high volume target. Then just below that is a low volume area, know for fast travel. I will be watching how the market opens, and if moves more down and gets into the low volume you could see 380. Today got very sold and may see some dip buyers but will wait for morning to set stage for next few days.
The 30:10 Treasury Bond Yield Spread is a simple Ratio difference between the 30-Year Treasury Bond Rate and the 10-YearTreasury Bond Rate. A Large exodus from high Beta/Rho correlated Assets to perceived Safe Havens. Presently the best-performing and most stable Asset of 2022 has been Cash - The US Dollar Index was 94.63 in mid-January to a high of 110.78 - a...
Within the form of analysis I use, Elliott Wave Theory, the third part of a wave 3 (iii of 3) is typically the most powerful portion of any impulsive 5 wave pattern. This is most evident in the MACD indicator because it will register it’s Highest or lowest reading (Depending on the trend) of the entire 5 wave move. If my analysis is correct, then we’re soon...
i HIGHLY recommend to short all index after confirmation of the breakout
As you know, I have these setup 4+ years out into the future and continue to identify new RARE and UNIQUE patterns as time allows. I'm even up to 5~6 bar setups in some of them. Yet, next week shows a very interesting set of Cycle Patterns... 9-19: Inside/BreakAway 9-20: BreakAway 9-21: Carryover (Possible Reversion) 9-22: Inside/BreakAway 9-23: Momentum...
Yesterday almost stayed inside mentioned range. It did provide some excess so yesterday could be a temporary low. End of day had large amount of stocks moving up. I will still be watching same range as yesterday, but looking for a bit higher high and or a bit lower low. This will be driven by the spots outside yesterdays range. Only thing on chart that is changed...
You can see how close it is for a breakdown, this in idea should bounce into Monday and then continue lower. But tomorrow is quarterly OPEX and most of the hedges are going offline, so much wider swings should unleash. This has air all the way till 3800 on the ES, so be careful if long, get ready to flip if it starts going Main resistance and supports were...