It looks like we rolled over today. I saw this blue channel forming from the top we made a few days back. It looks like we are currently sliding down it and today we managed to test both the top and bottom of the range but the top side gave us a strong rejection (This also painted a Head and Shoulders on the SNP500). I feel like there is a good chance we follow...
We got some big resistances up ahead at 4000-4100, I think we may be able to reach those levels or at least we can test the upper target I initially placed. I expanded yellow channel and the resistance is drawn in red indicating the overhead. We can run into horizontal resistance and get stalled by a 75 pt rate hike next wednesday, Overall I don't think we will...
I am building off the idea I had previously about a diamond bottom forming. It looks like we cracked out of the diamond and broke most resistance only to be forced back down, we did not go too far though and buyers were persistent. We broke out of the diamond and broke most resistances again this time closing strongly. Still we are not out of the woods. I see a...
What a few weeks of wild price action. It looks like we may be forming a diamond bottom. I would be looking for a relief rally to come on with fear at an all time high and retail buying record number of puts. Long term I am more bearish. Yellow lines represent support and resistance zones. Just my opinions. good luck out there!
Will we follow the Blue road into the bull market? I was just drawing for fun and started getting artistic. I think we will take the middle of the road up for a bit and then probably continue down the red water slide. The Yellow lines are a good place for support to keep us on our journey. Today we failed to gap up, but bulls still got some energy. Just Artwork
I see a double top forming simple........ btc will go up to about 22500 then go down to 17k for sure the sorts major liquid zone
So Amazon was looking quite bearish after the last earnings report. Services & Products both down heavily. There hasn't really been a recovery and now that the growth has stalled I would expect that P/E of 59 to start dragging the company down. Personally I see us dropping either the middle of this channel or bottom depending on the earnings. If the earnings...
We made it back into gap resistance and stalled just like last week. This looks like a potentially really good double-top opportunity and I am personally short with 380 puts for 7/15 and 370 puts for 7/22. The one thing to watch for is if bulls can keep the buying pressure up. If they can accumulate and keep in the resistance zone for a long period of time the...
I drew some lines on the chart. The yellow one is from our drop in January which I made into a channel, price seems to be constrained in it for now. The purple lines represented the gap fill and where there was some resistance, It looks like we couldn't quite clear above it confidently and so we ended up crashing down well below it today. I think we will...
Let the bulls try it. Many are swing trading this stuff and will take profit once we are no longer oversold. in my opinion the chart looks ugly, it would be very beautiful if it had some more candles on its downside. We just came down Hard. We need some cushion for our bullish runway. We cracked the overhead resistance today, But then were immediately pushed...
We hit resistance in a big way around 396-397 this was right at gap from last week and we were rejected. This makes me feel like we are not yet ready to start climbing up. I plotted this resistance zone in the Yellow lines. We need to break up through there before we get moving. There is also that vertical resistance that is looming above which I have drawn in...
Well it looks like the result was as expected. A 50 pt basis increase which caused the market to relax and "price in" the rate hike just like last time. Now we go back up. The timing of it is a bit sharper than last month. Previously we got a rate hike and needed to wait and entire month before the CPI told us that rates needed to rise faster than expected. This...
We ended up breaking into the 460s but It looks like the juice is starting to run out for the bulls. They may drag this on for a while still but the weekly is showing the pattern fairly clean when you look at where we closed. I feel April will continue its bearish trend down to 420s and that is where I have my PUTs targeting for 4/29. I am not adding much fluff...
I kept the old line I drew from our last drop, I feel it will act as a strong support in any downward channel. The red line is drawn from todays rejections. We made 2 desperate jumps to the upside in order to breach the yellow line I drew previously. Both of these failed and were met with a bearish drag down in price. I see it as a nice head and shoulders...
I see this being a dead cat bounce. Netflix is bleeding subscribers, raising prices and adding restrictions on users. The pandemic is ending and I see the price returning around where it was prior to the release of Disney Plus. Streaming is much more popular these days but there are a ton of competitors out there. Netflix is not the only big dog anymore. At this...
I am honestly about 60% sure on this one, I personally have some 420 puts expiring this week (OUCH) decided against closing and looking at the futures I am seeing some potential for a downside. CPI is tomorrow which looks like it might be higher than expected. We hit resistance and didn't break through it, we actually closed the normal day of trading with a sell...
I am inventing a new term for January-March I will call it a Bi-Polar 3 black crows. The usual black crows have a large body and small wicks. The bodies on these candles are mostly within bounds to be considered black crows and are fairly large, but the wicks are massive towards the downside. One would normally consider a large wick to be a slightly bullish...
Today, the US inflation rate release caused a lot of commotion. The price could move higher, but I think we need to retest the 1.1350 area before it breaks the 1.1520 resistance.