shortspy

Eloquent

In Elliott Wave Theory there are only two kinds of moves: Impulses , and Corrections . We can all agree that since November, this grind up is not an impulse, which means... that this is a correction. Wave B's are nicknamed "The Suckers Rally" and boy are there a lot of suckers, including myself lol. VPVR points to a retest of last years high (big money buy...

STOCKBROS_95

SHORT THIS MARKET it doesn't make any sense here with continuous up move even though there's no new factor or reason to push this market any more up...!!!! This market and people are in hallucinations or euphoria of biden winning.. can't say but this is shit !!! I have closed my all long positions. Today expecting atleast 10% pull back here as per rsi and macd!!!

larsontw16

Short and concise as all of my charts are. I believe in the methodology of coming up with a fundamental approach to reading the charts, and simply test these beliefs with TA to either confirm or reject the fundamentals. This late-week rally leading into the weekend has A LOT of stipulations involved which is why it is very difficult too identify a clear and...

DotcomJack

Rising Wedge looks to be complete, we should be looking to see some more downside movement. If this picks up we may see the "3rd Wave"

Saskamo

Rejected backtest of ascending triangle all week, rr with shorts. Stop loss above trendline. Falling below 50DMA (Green line) and losing it is good news for bears! Piggies oink oink, ready for slaughterhouse.

Saskamo

200dma weekly is absolutely crticial level. Also aligns with 50dma on the monthly. Short the sp500 on break below 200dma. Could take a few weeks to officially lose it. End of q1 coming, US Earning might provide some minor relief and i would short those pops, as China and other asian countries will not be so positive. After some earning and the picture becomes...

MoneyPatterns

Chart Details Weekly view shows price touching 10WeekMA. (same as SPY but inverse obviously) Price cross above 10Week should confirm uptrend to gap fills. Price above aqua blue line confirms uptrend to EMA cross. Price above yellow line and look for upper gap fills. Gaps to fill up to $17 Stop $13 Target $16 Money Patterns member alerts for this trade had...

MoneyPatterns

Chart Details Weekly view shows price touching 10WeekMA. Price cross below 10Week should confirm downtrend correction. Gaps to fill down to $294 Stop $325 Target $300 Opinion – Coronavirus will increase and so will the bearish sentiment. Money Patterns member alerts for this trade had 40%+ next day returns. About Me www.moneypatterns.com Options...

02:42

MoneyPatterns

Chart Details Small pullback today. Bullish EMA cross and Bullish 10Week Cross stacked up. Very close to crossing will confirm bullish trend. Gap fills to $15/$16 conservative estimate. Weekly trend confirms bullish trend. RSI on Weekly confirms pattern breakout. Stop $12.50 Target $15 About Me www.moneypatterns.com Options Strategies, Video...

MoneyPatterns

Chart Details 4HR view shows heavy sell volume and bearish EMA cross. Weekly and Daily view both show bearish trend. Most important Weekly – bullish trend since Sept. Bearish EMA cross on Daily should confirm at 3250 Target for exit 3191 Watching RSI around 46 for exit bearish, enter bullish About Me www.moneypatterns.com Options Strategies, Video...

MoneyPatterns

Chart Details Price on Daily broke out of banana pattern. Bullish EMA cross on Daily should occur with Daily close over $12.81 Weekly trend very close to bullish flip. When this occurs, $14 conservative price target. 10WeekMA cross around $13.50 should continue to fill gap at $15. Opinion We are long overdue for a pullback. Coronavirus now in 4 countries. ...

MoneyPatterns

Trade Entry Anything at $12.80 or below is a great entry price as hedge. I am putting some wishful orders in the $12.34 area and below just in case. Chart Details Banana pattern almost at end. I think the last Daily Bullish candle gave us a better contact point with $12.59 low. The current downtrend without significant uptrend has occurred over 3 months....

MoneyPatterns

TRADING ACTIVE Options were closed when stops were hit. Stock is kept as better entry. More resistant to market whipsaw (no time issue like options). Chart Details Banana/Shoe pattern is repeating. We are at the end of current pattern. Expecting gap fills up to possibly $17+ Bullish EMA Cross (at $13.70) and Bullish 10WeekMA cross ($14.60). Over both we...

MoneyPatterns

TRADING ACTIVE IN SPXS Chart Details SPXS confirmed Buy Signal on Daily yesterday. Gaps to fill up to $17.50. Bullish EMA cross will occur around $13.94. 10WeekMA cross around $14.60. Anything above $14.60 should confirm Bullish trend up to gap fills. Price may stop at each gap fill – watch to exit if reversal occurs. RSI turned Bullish. Trend Dots confirm...

MoneyPatterns

I AM NOT IN THIS TRADE. I am using SPXS instead of shorting/buying puts on SPY. I will update SPXS chart momentarily. Chart Details SPY confirmed Sell Signal on Daily yesterday. RSI trendline broken confirms downtrend short-term. Filter dots also verify Bearish trend has started. We need to watch for continuation. We should see reversion to 10WeekMA around...

MoneyPatterns

30Min view of SPX shows we stayed within the current wedge pattern for the most part. There was a small increase above the resistance line which moved the tip of the pattern back by 7 hours. (I don't think this is big deal) 10WeekMA is coming from below like a shark. IMO we have less than a week before SPY/SPX turns down. News - Steve Bannon was on CNBC this...

MoneyPatterns

Using the 10WeekMA for SPY we can see selloff's occur the last 3 times when price was within $8.60 or less of the moving average (red zigzag). We are currently less than $8.60 from the moving average - but no selloff. If we use the normal moving average on 64bars, and ignore the double jump up, by 12/13 price is closer than last selloff. Last selloff price was...

MoneyPatterns

Weekly view on VIXY/TVIX confirms the trend should be flipping to Bullish by next week. Weekly RSI trend has just broken to the upside. Recently broke out of the shoe/banana pattern. VIXY has followed this pattern for years, so I feel this is strong. Everything is lining up to next week sometime we should see SPY go down and VIXY/TVIX go up. EXITS -At pink...