#AMZN - Amazon held above 102 this morning before trying to bottom. 60m chart on most major tickers here forming a bear flag more or less. Once we break out we can see more direction. I markets close near bottom AMZN should break sub 100 tomorrow.
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breaking the bear flag should between 47.5 and 44.6 where we could continue the bull trend due to the fundamental increase in fertilizer prices as we saw last market crash in 2008 this made highs of 162.89
nvda just rejected critical prior support seemingly turning it to resistance after making another lower low do we bounce off demand or break and make a move towards the next demand
aapl at inflection point of support/resistance on the chart after creating a weekly higher low will it confirm old resistance as support and bounce or breakdown and make new lows so i am looking for it to hold the 50 ema on the weekly for any possibility for upside if we break that and are trendline support drawn on the chart i will have downside pts at 145 and...
Back at the end of 2018, I made an attempt to call a longer term bear market for big tech. Linked below are some of those posts. I was new to markets, and all I did was look at the chart. Even back then, the charts for Apple and Amazon looked ridiculous, but now it's undeniable that they've seen parabolic growth. This is the AMZN chart zoomed further in, where you...
Well, well, well, this is precisely what I was talking about in my post about big tech. This is just a short post, showing some levels. These overheated stocks are finally getting a taste of profit-taking. Netflix managed to actually break below its 200 week moving average. If Google does the same, another 50%+ drop is possible. On the conservative side, Google...
This bubble is beginning to become more and more similar to the dot com Y2K boom and bust... Look when the monthly RSI peaked in the dot come era it peaked in 1996 and we had hidden bearish RSI divergence. It took 4 years for the price to reach a peak meaning price continued to trend up but RSI was trending down. Look at what is happening now... We peaked on...
This market has been pumping non stop for a couple years now, but it's foundations are just debt and printed money. I hope that the economy doesn't collapse because, well, that wouldn't be too fun, but with an RSI as high as this and a 25%+ gain YTD in the middle of a pandemic, I don't think this can go much further. Let's just hope that Jerome Powell stop's...
Apple gapped below the 200 day moving average today, and we even saw some baerish follow up during the day. Apple below the 200 day moving average is very significant, happens rarely and if it happens, usually we see a bigger correction then.
We are in a pretty solid channel atm, with decent reactions at the supply and demand side. Should we break that channel...
Retest has been done. You know what happens when commodity prices start outperforming stock market? Its the start of the journey down. any dip in precious metals is to be bought. Crypto dips are to be bought. Run away from stocks and stock market unless you know what you're doing. Even then, there's a lot of pain coming. Inflation coming. Then will come Price...
I am about 90% convinced that the stock market will peak and so will bitcoin between now and APRIL/MAY then we see alt coins go crazy and then we will more than likely see the bear market confirm around AUG of this year in both stocks and crypto.
Lots of confluence and technical analysis pointing to this happening using the dot com bubble bursting fractal and...
If the dot com boom and bust monthly downtrend has any resemblance to this past bull run from march 2020 this is what we could expect in terms of a monthly downtrend and 5 wave structure keep in mind we havent been in a monthly downtrend on SPY since 2008. Again this is not to be taken as investment advice this is just past data that we can use as a blue print on...
Nifty after opening gap down got a good support around 16843 and ended around 0.67% in negative at 17092. Resistances on upper side are at 17124, 17353 before it reaches major resistance of 50 days EMA at 17445. On the lower side today’s low 16843 is a great support. Below 16843 the major supports will be near 16721 which is 200 days EMA and 16419. If Nifty goes...
Wishful scenario for demand zone creation at 4275. Hope this will confirm the RALLY i been expecting for retail traders to take. Dont go down too fast spy.
I know the start of a Bearish market when I see one. The SPX500 represents the top 500 American companies and is a representation of America's stock market health. Since the Covid crash and rebound that happened back in March of 2020, the SPX500 has been extremely bullish and Investors have enjoyed record gains.
For the first time since the Covid crash, SPX500...
Why try and guess if we reached the bottom?
Stop trying to catch a falling knife.
Set alerts for these trend lines.
Once the stock breaks these trend lines expect string momentum to the upside.
Be patient.
Let the trade come to you, don't chase the trade.
