Have you ever seen anything that can attempt to predict price trends 30 to 60+ days in advance? Other than Japanese Candlesticks, and quite possibly Elliot Wave, I've never seen anything have the predictive qualities of my short-term & long-term Cycle Patterns. This is a Daily SPY chart highlighting the cycle patterns that aligned with certain days. As I'm...
recent data suggesting the bottom is probably not in for the nasdaq means we need to see sss signal green on the monthly and cross above pivot for upper horizontals to be in play. till then were not averse to lower horizontals, or even touching the sss supply zone. qqe going long monthly would mean a long term entry averaging up into nasdaq funds would be profitable.
Short Term Elliott Wave View in GDX suggests rally to 26.40 ended wave (2). Wave (3) lower is in progress to complete a cycle from August 25th, 2022 high. Internal subdivision of wave (2) unfolded as a double three Elliott Wave structure. Up from wave (1), wave ((a)) ended at 25.23 and pullback in wave ((b)) ended at 25.44. ETF extended higher in wave ((c)) of W...
everybody was ready for a spike in vix, and now that we got it UVXY looks like it might turn SSS signal red as it has fallen below sinking TRAMA hourly. horizontals mark out short, long and pivot and ive drawn a couple scenarios. i only long UVXY when qqe and sss are green.
SPY and emini es1! futures have signaled the start of daily consolidation for the S&P500, and a rejection from the monthly trendline. this idea is simple. if we confirm a lower monthly high, and the beginning of a reversal by remaining below the pivot i would aim for sss supports and lower horizontals. if we remain rangebound, and break out above pivot i would aim...
S&P 500 ETF is displaying a reversal pattern where, the stock is overbought on RSI and Stochastic. Moreover, a bearish pin bar is apparent and connected with a previous swing high in the chart (trend line). In addition, MACD is making lower highs (may turn bearish soon). Entry is at the potential retest of the Bollinger band as a resistance. Exit is at the...
The natural gas ETF is forming a cup & handle with pivot buy at $31.60. This behavior signals a comeback for stocks in the gas industry. Some of them are NASDAQ:NFE , which I was stopped out in June. NYSE:VET and AMEX:LNG . These 4 are in the top of my watchlist. All are in confirmed uptrends and leading the sector. Several oil stocks also look good but I...
xbi is displaying strength on the daily as far as qqe and sss strategies are concerned. if we stay above pivot im targeting upper horizontals as rising 4hr triangle could bull pennant, and if we fall beneath that pivot resisting from rising 4hr triangle i would target lower horizontals.
semiconductors have been a lead bear in this downturn since december, and a lead bull on the monthly bounce from the lows since july. if we roll over here setting a lower high on this etf around the first upper horizontal i would look for broader markets to consolidate on the daily. if we treat pivot as support i would target the upper horizontal and look for...
if we stay above pivot, there is nothing stopping the top of the sss supply zone from being reached, and qqe rsi signaling bull with a green sss on the weekly. if we pivot higher i would aim for upper horizontals, if we fin ourselves making a bear cross at this key resistance i would aim for lower horizontals if sss stays red.
Gold, Crude Oil, IYC are about to enter a new phase. Take a look at 2006~2014 as a perfect example of what's next. Got Gold? This is going to be an epic run if you know what to expect.
if we get continuation over this pivot, and a consoladative effort is made finding a higher low on longer timeframes we should trend toward the upper bands and horizontals. if we find a lower high, and bears show up to vix around the pivot we should trend below the lower signal and horizontal.
weve only seen this low in uvxy 3 times, they were all this year, and they all happened with broader markets in a downtrend. all im seeing right now is buys on uvxy, and if the selloff continues with multiple sectors like xlf, xlv, spy, qqq, iwm, and especially soxl hitting new lows of the day at the same time its almost a guarantee that vix pops once again at...
if we break out in tqqq above the 28.50 level, id be long targeting the 32.33 area. if we break down below 24.10 however id look to short it down to around 20.11. nothing fancy here but you can see we are on the verge of breaking out in the nasdaq, and if we fail this resistance area it will probably take us much lower.
using order flow analysis and a volume profile you can see that a lot of action around the upper 24s has led to a bounce in the nasdaq and TQQQ 3x is a great way of capturing that. if we hold $24.58 and break $24.81 we should see that $25.86 level again no problem. envelope is flattening out, so id imagine this bounce has legs as long as were not seeing outflow on...
JSE:STXCHN has my attention. Chinese internet stocks look positive at the moment. Currently at an attractive risk/reward area.
theres no guaruntee this is a longer or even intermediate term bottom, but a bounce is clearly underway today, and it looks like were pulling back from the downtrend on shorter timeframes. id imagine that if we manage to hold the hourly reversal staying above that TRAMA line now hovering around 22.63 breaking VWMA currently flattening out around 23.48 we should...
soxl is pretty much plummeting if we get a significant gap down and cant set a higher low 4hr the 15 minute trend will continue downwards until the 4hr is bullishly diverged stoch, rsi a lot of people are covering, and that may lead to some squeeze, but the over all trend is down if we close gap from either direction, and it looks like it is setting a lower high...