To create these prices and their respective labels, the following indicators were used: Volume Price Profile Fibonacci Retracement Consolidation Channels Potential MACD lengths Outcome #1 in RED, Outcome #2 in YELLOW Overall, I have the sentiment that it will continue lower, at some point. There are an infinite number of factors that could affect when, and how...
Eventually spy will collapse on to that long term growth line in white. For sure it will happen, not sure when, it could be by the end of this year or even next year. We may have a bounce here and there, with high volatility. Fed meeting in March could accelerate or decelerate the eventual collapse. Growth stocks have already collapsed more than 50% and may not...
Idea for Stocks: - I think we will decline to Q2 2022 at the least. - IMO, Market participants have completely misjudged inflation expectations and currency devaluation and mispositioned. Market seems largely positioned for goldilocks/reflation, inflation and growth, but nothing could be further from the truth. Inflation fears will not be talked about in 2022. -...
Speculation for Macro: - State of Emergency and lockdown for 10 weeks due to Omicron variant. - Bear market until Feb 2022. "Move fast, move hard" - Naftali Bennett GLHF - DPT
I enjoy long term charts. It allows me to drown out the noise and find the signal. I find this chart interesting. What we're looking at is a monthly candle chart of the S&P 500 SP:SPX The moving averages used are 10 month MA and 24 month MA. Looking at a chart since 1995 the index has closed below the 10 month MA a total of 13 times. 10 of the 13 times the index...
Short view to $4274.57 with the freewill to this support. If it holds it should rebound. It is already touching the 200 day EMA with the MACD in a free fall. RSI is aligned with oversold. I'm looking for a solid bounce or stability level around $4274.57 as a prior support level. Let's see where it goes.
The Chart above is What I anticipated occurring back in November for the 4/5 within the Short Count of the Long Term 5/5 Count. Prior ATHs did occur in November only to see them challenged and exceeded again for the ES and YM. Not the NQ, and not Bonds. Distribution patterns were extremely clear, the low volume Hoidaly Rally was a dead give away. It also, as it...
In doing my homework - I've trying to determine whether this market can rally in the weeks ahead? With a 3 Trillion dollar market cap you need $APPL - As matter of fact if you watch Apple trade you can see the S&P 500 move almost exactly the same. Which never ends well on long enough timeline. I reduced the number of indicators to keep the chart clean. They...
The Metrics and Rules of my Trading guidelines are Fibbonachi Sequenced based. They are Not Elliott Wave. Bob Prechter, I have met, knew - we used to have immense disagreements over the Price of Gold up into the early 2000s, when it became clear his $50 target would never be met. Bob was part of the Club, I never trusted him. I do, admire the work and...
Well ES showing that parabolic setup again signaling 4830. Today I want to see a pullback and base around this 4680 level to play out to allow this RSI to cool off. Currently sitting at a whopping 95 on the "5 length" not 14. If ES can base at this 4680 allowing the 4HR RSI to cool, I think we get this final move in the parabolic pattern into 4830.
$SPY broke the previous support of 457 approaching below 430. in all time frame SPY is really bearish. but the RSI on 1hr and 4hr chart shows that its oversold. oversold level doesn't mean it will bounce there. But the probability of short bounce is there. overall it seems the market is trying to deplete itself at the moment. most of the stocks that is rallying...
Could we see SPY repeat itself in the coming months? Near identical daily gain/loss patterns between now and just before the financial crisis crash. This would set the scene almost perfectly for SPY's inevitable run to 500 before a complete potential collapse.
In this video, I explain why BTC will eventually reach sub 20k levels. BTC likes to drop 85% from all-time highs, we've seen this in 2013 and in 2017. Adding to that, the current head and shoulder playing out measures a price target to 10k, which is exactly 85% from all-time highs. Coincidence? I think not. So what do we do now? Work hard and save cash. You...
This is a monthly candle chart of the FANG complex. The last time the group had a monthly close below it's 10 Month moving average it traded back down towards its trend line. The stocks traded down for about 5 months and consolidated for another 8 months, when looking at them as a group. If you have a 401K, IRA, and 529 plans consider how much exposure you have to...
The trend continues to be your friend until the very end. This is 2 day chart that I posted in the beginning of the year that continues to be in play since the COVID meltdown in early 2020. Price has been in a strong uptrend with very few pullbacks. Even the pullbacks result in dramatic reversals and pumps to the upside. Here is where it gets interesting. We...
TLDR: The market is about to likely crash, in a much needed and healthy correction of capital placement in various industries and businesses. Why? Look no further than the Japanese Stock Crash of 1989, and see its similarities. In 1988, Japan was on the verge of becoming one of the worlds greatest economic super powers. Its monetary policy had allowed for...
We have been in a recent downtrend on $ES $SPX and a lot of traders are probably wondering where the bottom will be. A break back up toward 4553 and a hold above 4565 would signal that we have bottomed in the short term. That would not necessarily mean the bounce wouldn't fail to retest the lows but here are some potential bounce levels. Fibonacci levels near...
Noticed I had this wedge/channel pattern drawn up from last fall. Forgot all about it then was reviewing and noticed it lined up pretty well to this massive drop. There are plenty of ways to plot out patterns on Spy, this is just one of many I've charted out. I'm still a novice at this but wanted some ideas on this. Since November of 2021 we started forming a...