Brukks

Brukks

Moderators won't let me say much, path drawn should be self-explanatory. Just an idea. Send me a message if you have any questions.

Brukks

Well, SPX levels didn't hit very well. Levels for a bounce that I had marked were 3965, 3928, or 3895 (SPX), all of them got sliced after showing a reaction. I checked ES to see if there was any 'hedging' activity, and sure enough, the ES chart is showing a lot of confirmation. I still see a summer high of 4320-4360, with a preference towards the higher end of...

Brukks

My prior view was a 'low probability' scenario of an extended, consistent sell into midterms (doomsday scenario). Viewing other macro charts (DXY, 10Y, NQ, CL, NG), and data sources (primarily inflation and shipping data), I believe that we will get an extended summer rally to a minimum of 4360. If the bottom was not set today, I'm eyeing 3966 (primary entry),...

Brukks

I'm not positioned for this move but I'm going through scenarios for the rest of the year (or at least until midterms), its been a while since I posted but my high target of 4776 was achieved, the overshoot was needed to 4803, I do not have the top tick marked precisely which bothers me but I'm going with it for now. Be careful out there, you might look back in...

Brukks

We are at a very critical confluence of levels on BTC, we've already rejected a few times off resis after the false break above (and clearing stops above prior ATH), current HOD is facing an additional resis (three overlapping without including horizontal fibs). I am partially playing this on Powell, who likely came out too dovish last week (even though I...

Brukks

I posted a very basic chart from a few weeks ago showing 4778 as the upper target, that was based on a different view but the timing is firming up. Although I mentioned it would be a quick move in my previous post, this exceeded my expectation on timing (timing is everything in this game if you're trying to get those 5x options returns). So I searched for a reason...

Brukks

I've been watching this develop and just thought I'd share, this is my first chart that I've published, its not intended to be trade advice, and this move to 4778 (year end target) would really defy all of the fundamental info coming out, but the supporting fundamental reason for this move is a Dovish FOMC meeting where Powell either pushes the rate hike out due...