In my last post i was stating i was expecting to see a break of the trendline starting from the lows of 2009 and 2016 that we broke in Q4 of last year. Today we had a break of that trendline with what seems like conviction. Looking for a confirmation and then a retest at some point. I don't want to count my chickens too early here but it looks like the start of...
Self descriptive and printing on ES, RTY/IWM, NQ/QQQ, and YM/DIA also. We're also hitting the trend line from the lows of '09 - Fed '16 that we broke in Q4 of last year and haven't been able to recapture. I'm cautiously 60-40 long and wouldn't be surprised and am expecting a break of the trend line/recapture and for it to become basically parabolic before some...
It's been a while since I shared anything like this... most of the last few things were experimental historical models... This is all based in Fibonacci, both price and time... this would have us peaking at about 3450 around late September 2020... Though I don't have the count posted with it, it is based in Elliott Wave as well... The EW concept here is an...
SPY has had a few dips in the past, all however have led to the continuation of a bull run, recently price has dipped, price will most likely continue trading against the 1 fib line for some time before the next dip. Green fractal indicates continuation of this trend.
Yeti just finished its C up, its time for the retracement. We are looking for a 1:1 retracement that means 21.69 is the target.
Investors and traders alike are looking at this thing and getting frustrated if they haven't been able to catch any of this long and no one wants to buy the top with the hopes that the upside will continue. So what is a good entry location for continued longs on the SPY? A preferred retrace is the convergence of multiple things. 1. A retrace that is no more...
Nice little bear flag or pennant printing on the hourly up to the daily. Volume is DED dead, people are fading gap ups in the morning, and the news flow is slowly starting to roll over, or algos are running out of cash. But, crazier shit has happened. Technically i would expect this to break down in the southern direction to the major multi year "megaphone" top...
Please refer my article below. I had shared some quants on how markets have behaved in the past in trading sessions before and after Jobless claims data being published Below are pointer and the feedback on the performance so far! 1.75% of the time ( 9 out of 12 times), SPY has given an average return of 0.7% 1 week prior to Jobless Claims data announcement...
AMEX:SPY got into a uptrend on the weekly charts as indicated by higher highs and higher lows (marked with yellow zones).We have made a higher high again indicating continuation of uptrend At 289 levels we got the entry signal on the RSI and indicator has been holding on very well Since then, we have a nearly 7 pc move and looks good ahead, unless trend...
The indicator on the bottom is called the cash in/cash out indicator and it's averaged over 100 periods. It indicates net selling since the first Jpow rate cut at the end of July. There has been net selling to the tune of a running sum of -124,924,564,001.and some change the past 100 trading days on SPY. But, we're now up another 8% from the lows of 10/08.. That's...
As my previous posts may have shown, i'm not really a huge fan of this rally. We truly do live in the twilight zone right now and TA is being washed out by many different factors including news, QE that's not QE, rate cuts, tweets, hopium, etc. Technically we've been on this $23 rally on declining average volume, on massive RSI bearish divergences on every TF...
Expectation is shorts are too eager...bulls are brazen. Small rising wedge will continue to squeeze bears. Major channel blow off top does not happen till 311. Staying away from shorts till we hit 311 or we actually get a significant pull back candle/indicators pointing lower.
As everyone else is seeing we're at the top, and the end of the massive multi year ascending triangle, as well as nearing the top of the Bollinger. These multi year RSI divergences coupled with that massive ascending wedge, and multi year megaphone scream "SHORT!!" or "LOOK OUT BELOW". I do not see this as a clear break out as we are nowhere near breaking these...
As everyone else is seeing we're at the top, and the end of the massive multi year ascending triangle, as well as nearing the top of the Bollinger. These multi year RSI divergences coupled with that massive ascending wedge, and multi year megaphone scream "SHORT!!" or "LOOK OUT BELOW". I do not see this as a clear break out as we are nowhere near breaking these...
Just out there to take your lunch money. In my last post i stated if we didn't let the price breath a little we'd correct more sharply as we haven't handled the negative divergences on this low volume pump. I can see two different scenarios overnight: White: We retrace the current -.35% print in futures overnight and into the A.M and push back up to the...
Just charting out the upcoming week and a few possible scenarios i see playing out. The biggest addition to the chart is a descending triangle from the highs of our last rally and the highs set yesterday, and the up trend line from the August lows, through the most recent lows. This is a game changer IMO if it plays out. Red: We reverse from where we're at and...
Noted in my futures chart i'm linking to this All week the PPT''s have been on defcon one and hard at work day and night in the futures and cash markets catching the price with a net (market buys) and then setting large buy walls to pump this thing up. That makes me hesitant to long just for the simple fact that at any given moment they can flip the switch on...
The PPT's have been hard at work both day and night keeping this shit buoyant. We'll see when they get called off and who's left holding the bag. This has been a low volume pump the entire way propped up by large buy walls that come through as market sells when the market starts eating shit. Makes me suspect. But hey, who knows.