Bottom is already in. No crash this month. I will not be shorting at all unless you were scalping in pullbacks. For right now, TP is 455 to 460 range. You must receive the holy spirit as a proof that you belong to Jesus. If you don't have the holy spirit living in you, you are no different a Muslim, Buddhist, or an Atheist. It doesn't matter how many times you...
Not time to short yet. No crash this month...according to TA... Make sure to look at both perspectives before you buy or sell. Luke 13:3 "You will perish unless you repent of your sins and turn to God."
The correction from ATH 4900 looks to be complete, the labeling as of today would be a double. Flat (3-3-5) Zig Zag (5-3-5) the Wave 1 (projected not confirmed) off the c wave low looks impulsive and also looks to have more running room. A break of the top TL on W3 would confirm my count.
Since the SPY had an aggressive week, last week, and it has contacted the daily 200 MA. I am going to short the SPY again with a 29 Apr 431 put position. Looking for the SPY to move to the 400 level over the next 2-3 weeks but will trail a stop loss above the previous day high.
Take your seats and Prepare for the 4th Turning. De-dollarization is occurring before our eyes. The game of musical chairs is coming to an end. We will be lucky to get away with a debt crisis. The more likely outcome is a currency crisis. Your currency is not money, it is fiat. It is important you understand the difference. The thing we call money is fiat credit...
SPY had been on this strong up trend since the COVID plummet in March 2020. On this chart you can see how it broke the regression trend to the downside. How low... can you go...? Notable things to watch: - The gap that MAY! fill at $400 that can be seen on the daily & weekly time frames. - FOMC this week; for shits n' giggles. - Short term outlook - on the...
Still PRE-FOMC so take this with a grain of salt. What have we seen thus far? Reclaim of 20sma? Kind of... hasn't closed above it in the time period of supportive flows. Where's it at now? Still in pattern of downtrend. My supports as listed for the next few weeks. I'm still short. FOMC may alter short term momentum and price, but medium term --> I think SPY...
SPX, is stuck in a downward trend Channel. Price action sold off from The Bearish Bat Pattern, and price temporarily rebounded but was quickly met w/ sell action on the ABCD pattern.. We're currently at the C leg sell off
15min charts shows a bear flag. I see strong resistances to the A leg, which needs to be taken out. 1st target is 4150
Followed by the Rising Wedge Breakout, we can see very clearly that SP500 lost some momentum - all of this on the background of Fed's Rate Hikes Expectations. The Head and Shoulders pattern is clear and obvious - let's dig some more important details: 1.Volume Distribution: The volume distribution in a proper H&S Top should be concetrated on: The left...
In an earlier post I mentioned that SPY looks really bearish for the short term. However, this sideways move looks corrective for the first wave and looks like a C wave will begin next. Looking for 430-432 before we start making the big move down to 400. Check out YT channel with link in profile for more details.
RAGINNNNNNGGGG BULL coming. Shorts are about to lose their cheese. Elliot wave is something special that many people will miss right here when this bull market takes off on its last and final leg up BEFORE the real CRASH!!!
Please see chart. This is my views only based on previous trend that I notice.
This is a potential path for the bearish theory. As we can see on this downtrend, every time we retrace 0.618 of the previous move we down. First confluence : FED meeting goes bad, we drop to fill the gap that are not filled near 400, this lead to around 395. Let's say we go down the same % as the last drop, this also lead to around 395. Second confluence : I...
Elliot Wave showing this is going to 380-390 most likely over the next couple of weeks to a month. Expecting a big dip into the fed interest rate raises next week and then a further slide after. Tomorrow is the start of a big move down to low 400's.
I try my best to stay away from "call-out" type posts because that's not really what I'm about. That being said, I'm doing one today in conjunction with an educational post because they fit together pretty well. Note: on the main chart I'm submitting with this, the topmost moving average (where price is resting as I write this) is the 200HMA using daily candles....
If you've been keeping up with my charting, you know that I am still majorly bearish going into March FOMC, OPEX, and even beyond. There are plenty of reasons. MACRO: HOT inflation print --> FED is forced into a corner where they have to raise rates LIQUIDITY: End of QE from the FED (no money printer) STRUCTURAL FLOWS: Supportive flows end on 03/16...
Today $SPY bounce off from the support line after wallstreet turns bullish in the market with no positive news. i mention this before from the last analysis, that market could bounce around the support line. the support line is very visible on the 1hr, 4hr and Daily chart. its also very visible that market is making lower highs ( see my trend line in chart ) a...