Will it pull up the
AdvisorShares Psychedelics ETF?
Strength in the #Biotech sector would also be a friendly situation.
here are the top holdings:
CMPS COMPASS PATHWAYS PLC 13.12%
ATAI ATAI LIFE SCIENCES NV 9.73%
CYBN CYBIN INC 7.97%
SEEL SEELOS THERAPEUTICS INC 6.90%
ITCI INTRA-CELLULAR THERAPIES INC 6.44%
HUGE FSD PHARMA INC-CLASS B 5.82%
prepared for different scenarios but overall continuing bear for biotech. this sector is going to get hit hard from annual plans for labs, and whether we hit top of envelope first or revisit bottom sooner were still in an overall end of bullish corrective phase from bear market leaving lows open for test.
I know many of you are very interested in Gold/Silver, but you need to understand the dynamics of price, expectation, and the unwinding of risk.
The current move higher puts Gold/Silver into new Fibonacci Bullish Trending. This is what we've all been waiting for.
But, the move upward from these levels is going to be staggered/legged by bullish and bearish price...
were in a countertrend daily rally for gold as well as equities, and where theres normally a hedge we see direct correlation to both breaking out. the price doest tend to spend much time outside of the envelope. id imagine one final thrust into sss supply zone before revisiting estimate and lower envelope band simar to ghost feed is in order.
Commodities are currently repricing lower due to the looming global slowdown. Meaning, there is more potential downside for commodities
There are more significant tailwinds that will push commodity prices higher in the longer term.
DBA ETF broke out of yearly downtrend in 2020 indicating that higher food prices are in the global outlook for the...
during capitulation selling in spx vix has much steeper move up, but right now it is making gradual gains alongside a market that is selling big names like tsla at an astonishing rate. if we finally decide to bottom expect uvxy to head back down toward signal, sss ma, vwap and bottom of envelope. if we break to new lows uvxy should head right ip outside the top of...
If you understand price patterns, one of the most important is what I call the Excess Phase Peak pattern.
You see this pattern in up trends and at the peak/start of breakdowns in price. One thing that is very critical to understand about this pattern is the failure of Phase-3 usually prompts another wave higher. At this point, Gold has stalled out near dual...
I find it very interesting that my Cycle Patterns predicted the following more than 2 years in advance of this move..
9-29: GAP Potential
9-30: Top Resistance
10-2: Temporary Bottom
10-3: Gap Reversal
whether we blow through this vwap and smash though the sss supple zone, or pull back to retest sssma and trama, it looks like the upper nadaraya watson envelope gets touched again. im waiting on another sell signal from that strategy. it seems like theres this scenario where the vix gaps up and takes off, but more measured and muted drawdown has been the norm for...
the hourly is looking oversold, so id imagine we have some rebound in vix, but the overall daily trend is threatening to confirm return to bear vix while broader market bounces. if we get spx, ndx making new lows of day simultaneously with multiple sectors like xlf, soxx in the red a return to bull vix could happen (highlighted areas where nadaraya watson envelope...
either we hit this weekly sss demand zone and bounce, or we blow through it and make new lows. we are at bottom of envelope, and it appears to be turning. if sss signal stays red and we break 362.17 i thikk were in for 350.77 if not much lower around 320. if we bounce off that 363 level, and we get over the 377 range ithink were in for 396 maybe 405. horizontals...
GLD is warming up in the lower magenta-colored zone between $152.85 and $159.20, where it still has some room left to finish wave iii in magenta. Afterwards, it should jump up into the upper magenta-colored zone between $163.39 and $171.23 to complete wave iv in magenta, before sliding into the yellow zone between $150.72 and $140.40, where the overarching...
UVXY is demonstrating higher lows and higher highs. the current pullback is likely a bounce in SPX, but if that fades we should see new low in indices with a new daily high vix keeping UVXY trending up. if were stronger in indices overnight and tuesday we should form a lower high and roll over UVXY. upper or lower horizontals are price targets, and dashed line is...
i onlywant to long bull breech of this pivot, short the upper horizontal, long the lower horizontal, or short a bear touch of this pivot. if sss and qqe go long, im long. if qqe and sss go short, im short. if trama gets touched,and heads down with price that adds to a bear case. if trama acts as support and rises that adds to the bull case. this applies to the...
GDXJ is still hesitant to finally complete wave ii in magenta and is turning downwards again. As it can, of course, use the whole magenta colored zone between $37.26 and $24.77 to finish the overarching downwards movement, we give the ETF some more time to get its work done. However, as soon as wave ii in magenta is through, GDXJ should veer to the north, crossing...
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...
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...