June 13 marked a historical point in the sense of the widest thing I have ever seen. After only trading spy for over a year now I have a price action mark dating back to march 23,2020. Spy hit an all time high back in February of 2020 which was roughly 337.16 and then immidiatly fell down 107.83 points bringing us to the 229.33 level. January 3, 2022 marked an all...
GOLD Daily cautiously bearish. Recommended ratio: 30% GOLD, 70% Cash. *H&S Formation Watch. In anticipation of a critical FOMC statement to be released tomorrow at 2pm (deciding on whether or not to raise FFR by 75-100bp to more aggressively combat inflation), the US dollar and treasuries are once again stealing the bullish spotlight as cryptos and equities...
SPX Daily cautiously bullish. Recommended ratio: 70% SPX, 30% Cash. *The US Dollar (and treasuries and bonds), energy and commodities take a tumble as equities and crypto get a boost from a lower PMI and a successful Federal Reserve bank Stress Test with hopes that inflation can start to slow down before the Core PCE report due on 06/30/22. All things...
SPX Weekly neutral with a bearish bias. Recommended ratio: 30% SPX, 70% Cash. *Equity and crypto markets are experiencing a technical relief rally after getting decimated by recession fears and tighter more hawkish monetary policy. Fed Chair JPow testified before the Senate Banking Committee earlier today and the main takeaways were that the Fed will remain...
SPX Daily neutral with a bullish bias. Recommended ratio: 51% SPX, 49% Cash. *Fed Chair Jerome Powell testified before the Senate Banking Committee today and to no one's surprise reiterated the Fed's 'reaction function' (comprised of quantitative tightening and a higher federal funds rate (FFR)) working like it's supposed to. He mentioned that the market...
BTCUSD Daily cautiously bearish. Recommended ratio: 25% BTC, 75% Cash. *SUNDAY/MONDAY SCARIES WATCH. A technical retracement/correction in cryptos is currently underway with DOGE (+20%) and ETH (+22%) leading the pack in the past 24 hours. Considering that the current level of this bounce is around the area of the long term uptrend line for many cryptos...
SPX Daily cautiously bearish. Recommended ratio: 5% SPX, 95% Cash. *European and Japanese central banks don't seem to be in a hurry to raise interest rates, Russia is even lowering them, while the US is on track to raise the FFR by at least 50bp (high likelihood of 75bp) this coming Wednesday. "Transitory inflation" (supported by hawkish Fed) became...
Using the cash in/cash out report (CICO free here on tradingview.com) I set my input to 5 days. Pay attention to price action around 12 and 31 dollars and watch for green/red signals.
BTC/USD Daily bearish. *Seeing that we're only halfway through the weekend, if BTC loses support at the 50/50 uptrend line from April 2017 ($29250), it wouldn't be surprising to see it at $24k by Sunday night/Monday morning. Inflation produced a higher high ( .60% increase in CPI growth from April-May compared to March-April ) at .83% FFR which essentially...
Long Term, Scouting/Hunting for the Absolute LOW on BTC, Bitcoin is considerably low right now, I do not see us getting close to this level but rather piercing it after we sit sideways in the future, we will likely see a retracement pretty heavy soon to the upside to create liquidity. I would have limit orders set in this region if/when we approach these levels,...
GOLD/USD Daily cautiously bullish. *As the risk of stagflation becoming full blown recession gets higher every month, equities and cryptos are falling, USD is getting stronger, energy prices are coming back down (in the short term) and Gold is going up.* Recommended ratio: 75% Gold, 25% Cash. Price is currently retesting $1867 minor resistance is it inches...
SPX/USD Daily bearish. *Inflation produced a higher high (.60% increase in CPI growth from April-May compared to March-April) at .83% FFR which essentially means that the Fed will probably consider ramping up rate increases by more than 50bp (75bp likely) in their meeting next week (06/14-06/15) to stay true to their "do whatever it takes to ring in inflation"...
BTC/USD Daily neutral with a bearish bias. *BTC has been consolidating at $30k for 32 consecutive sessions now and is becoming more bearish every day now.* Recommended ratio: 35% BTC, 65% Cash. Price is currently trending down at $30k after being rejected by $30507, it still has support at the 50/50 uptrend line from March 2017 at $29.5k but if it breaks below...
CROUSDT seem to complete is bear rally and bulls are in at this time its worth risking as you buy at discount price
SPX/USD Daily neutral with a bearish bias. *St. Louis Fed President James Bullard said he remains committed to a 3.5% fed funds rates at the end of 2022 with potential for rate decreases in 2023; Fed Chair Jerome Powell also said Fed would not hesitate to raise rates beyond what is considered "neutral" until inflation comes back down; unemployment remains low...
If we don`t take into consideration the fundamentals of the company, instead we look only at the technical analysis, every falling wedge of GME ended up with a rally higher than 51%. That could be our price target too, $174 (+51%). Looking forward to read your opinion about it.
I see the recent rally of RDBX, which is a self-service rent or purchase new-release DVDs and Blu-ray Discs, as a return to the meme stocks. RDBX went from $2 to $11 in just 10 days. If we consider only the technicals, then the stock should reverse from the Fibonacci 0.618 level, which is $6.36 to $12.70. I`m not in this trade though, the valuation is too high...
Set Up for a Multi-Month/Year (16-24 Months) Decline in the Stock Market, the forever wait may finally be here, Monthly Setup to Wipe Out all the lows that have not been taken out, $$$$ This will require a catalyst of some sort, something BIG, if you wake up to something massive on the news, refer back to the charts, the price is already fixed in. 3 Lines...