I will keep this post short, so you can get a general idea of this trading style.
First of all , we have a situation where the price could not make a new ATH in 200 days. It's important to notice that we can draw a clear structure with well-defined limits because the price stayed in a clear range between 146 and 114
Now that the structure is clear, it is easy...
Anticipate an Overthrow, it is the pattern that completes the Highs for NQ.
It throws Price Positions into Dis-Array and causes the Panic Close prior to
Price moving significantly lower.
"Tops" are always a Process, one that, by design will attempt to remove as
many Profitable Setups as possible.
The appearance of "Invalidating" the Count and Structure is...
All eyes on the iMob.
153.16 the HIgh Print for the Day
at the moment.
After Hours, the Retailers are
Buying the Dip as Odd Lots fly
The Hourly posted a large engulfing
Candle, trailers whacked after
Dropping 80 Handles during the
first 6 Minutes of Globex shows precisely
how nerves are edging.
AAPL is the Economic Bellweather... it is
Needless to say, extremely pleased to be able to finally see this Resolved.
It took time, but then it almost always does to determine what is occurring.
I firmly believe the Indices are heading lower, the complexity of this Counter-Trend
required a 2X confirmation of the SELL and the Completion of both Structures.
They have both Completed in effect when 13...
This grows increasingly interesting as the 10 Year Note Yield
The NQ has posted a new ATH @ 15715 - which perfectly Fits 13/13
count Structure - it validates the reversal.
It is 1:35 PM EST.
Plenty of Price Action ahead.
We clearly observe Momentum UNABLE to cross ZERO.
An extreme Negative Outlook moving forward should it fail to do so.
I believe it will.
Theoretically, the NQ can make a new ATH within the Structure.
After the NYSE open it traded over the .618 to shy of 15650 @ 648.
The 30 Min Bar proceeded to return its gain, but come 18 Ticks short
of the Gap Fill.
Ideally, we would like to SELLERs trapped again at Lows Intra-Day
to add further Fuel to approach and potentially exceed ATHs.
This will create...
Self Explanatory, Weekly Trendline Resistance is Strong.
The Daily has the Potential to Over-Throw and then Dump
to fill Gap(s) below.
This move down will be as complex as the Retracement UP.
Patience, more time required to complete Daily Sell Signal.
This will fall apart.
TECH Light EPS Day.
Sellers exhibited their intent @ the Retest of ATHs.
With Apple reporting tomorrow, the "Adjusters" will
make every attempt to keep it together within a larger
Typically, these have been 200 Ticks Intra-Day.
We believe breaking the Lows and dipping into 15450
will be an indication, this Counter-Trend is completing.
Price, after a deranged and somewhat...
Nasdaq Futures (NQ) breaks to a new all time high above the previous peak on September 7, 2021 at 15708.75. This suggests that buyers remain in control and the next leg higher has started. Short term Elliott Wave view suggests the rally from October 6, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from October 6 low, wave ((i)) ended at...
So NQ went oversold over the weekend and bounced back up as predicted Friday. Looks to me like it wants to go oversold again, GOOGL red after earnings.
We may get a whipsaw here where futures cycle between overbought and oversold...
Today we will take a look at GOOGL.
a) Since the bottom of the 2020 pandemic, the price has been on a major rally, gaining more than 150%
b) The basic formations we have been observing are corrective structures ranging from 25 to 40 days before new impulses coming.
c) Currently, we can see a new corrective pattern above the broken ascending channel.
LCID: Strong downwards wedge after impulsive move signals a bull flag
~ What is interesting about this graph is the VI. It showed bearish momentum but yet had increasing price action! Imagine when the VI sends bullish momentum!
~ RSI also has a lot of room to grow.
~ The only errs in this graph are the death cross on the 11th signifying a bear trend. But this...
Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh...
AMD: Using fib retracement, after an impulsive move a pullback to the 0.5, 0.618, or 0.786 is very likely and healthy in an uptrend.
~ Golden cross happened on the 11th signaling the start of another uptrend.
~ on the 11th AMD did a similar but smaller sized impulse with a pullback to the 0.786. This helps visualize the theory of fib
~ RSI on the hourly has a lot...
As Fate would have it the NQ managed, once again, to tear my bottom another one.
We began SELLING NQ early ahead of the NYSE open, from 630 to 700 within a large
By the time it reached 700 - the Net Position was down 31K.
Fortunately, and here's that nasty word... Patience.
Yeah, naw, I exhibited less than a good measure of it. IN truth, a...