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...
Level discussed yesterday, only thing propping us up from testing 13 below. Multiple tests of a level usually resolve in the same direction, so I expect 13 could be tested soon
I'm expecting a bounce at 8:30 am as of now. How high is hard to tell, but the obvious test would be the 18ma (middle of BB) near 4030. That's also where a cluster of daily ma's are (not shown). If they can get over the 18ma convincingly and close the day above it, the bias may flip bullish into the end of the week (yellow path). Any rejection there would be a...
Today will likely be a carryover of yesterday, setting up tomorrow's TOP pattern. Because of this, I expect a bit of a rally phase today (rebounding off the lower support channel) and possibly attempting to move above 395 if there is substantial buying activity. Yes, the Fed decision is near, but traders are still using the US equities market as a hedge against...
The green and red lines mark the boundaries of the outside of 7 inside hourly bars. will not pick a side tile the market does.
My cycle patterns suggest today is a Reversion/Reversal/Rally day. I know it may seem strange to think that the US market may rally today after the CPI/PPI inflation data and the pending Fed rate increase - but it is what the cycle patterns say it is. Remember, these patterns originate from a date 3+ years ago and just tell me what to expect from price on certain...
still in bearish territory. watching to see if it can beak and hold some key resistance areas. if we have a bull run i believe it will be fast and explosive with 7-9% green days. until I see more strength in the markets, I remain a bearish stance overall.
cpi completes the technicals. Qt failing again to help with inflation. More bad news could be ahead. A major sell off could happen if something were to cause fear and uncertainty in the market. Wars linger on in the East. Winter is on the horizon and the East is a major player in natural gas.
Hns here at neckline support. Price hit VPOC coinciding with neckline of previous Hns and got rejected in the worst sell off of 2022. I think price just noodles around for a bit here and waits for Ema to catch up. I think after quad witching we start to see the next move unfold