CapeAfrican

CapeAfrican Updated 

37 minutes ago Comment: SEE FUTURES MAKING THIS MORE CLEAR = Interesting how FIB lines stay constant no matter what start or ending point you use 1. The Fib from Jan 4th high calls this the .382 Resistance line 2. The Fib from Aug 16th high calls this the .618 Resistance line 3. They BOTH LAND on the 4000 cash - 4030 on the FUTURES Note the declining volume the...

CapeAfrican Updated 

Interesting how FIB lines stay constant no matter what start or ending point you use 1. The Fib from Jan 4th high calls this the .382 Resistance line 2. The Fib from Aug 16th high calls this the .618 Resistance line 3. They BOTH LAND on the 4000 cash - 4030 on the FUTURES Note the declining volume the higher she goes Notice how the EMA CLOUDS mark key TURNING...

CapeAfrican

the 200 day ema has called all 2022 TOPDS - now again In general, the 50- and 200-day EMAs are used as indicators for long-term trends. When a stock price crosses its 200-day moving average, it is a technical signal that a reversal has occurred. Traders who employ technical analysis find moving averages very useful and insightful when applied correctly. ****** ...

CapeAfrican Updated 

The operating theory behind a pivot rally is that once the Fed stops raising rates, gamblers have a period of time to enjoy one last melt-up rally before the wheels come off the bus due to rate hikes. It never enters their minds that the melt-up already occurred and now they are sitting in a bull trap. The year-end melt-up was a bust in both 2007 and 2008 but...

CapeAfrican Updated 

Broke Below Moving averages - Intc followed the FIB lines down RETRACED to support and got Rejected STRONG BEARISH divergence on the Oscillators ANALYSTS just LOVE Intel.....Whoo Hoo Tech is going to retreat -- AMD and INTC will be First to go down Intel Corp. has been missing from a rebound in technology stocks that’s lifted almost every other member of the...

CapeAfrican Updated 

I wont rattle off the fundamental reasons this was all a A FOMO RALLY to retrace the last sell off.. Now we are done and can see a Red Week C.P.I number will be a catalyst ....and since the FEDS are signaling another .75% hike next following week So to all my bearish friends ------------- And the solid candles' red glare, the gamma bursting in air, Gave proof...

CapeAfrican Updated 

C.P.I number will be a catalyst ....and since the FEDS are signaling another .75% hike next following week This bounce had no Volume to support it FOMO retail Now we are done and can see a Red Week Moving Averages become the resistance on the way down ES FUTURES ROSE FURTHER AND TOUCHED .618 Es1 and QQQ @307 AND US100 rose to June resistant Levels -- Huge...

CapeAfrican Updated 

4 rejections off 120 Not Participating in Tech Rally = Weakness MACD Histogram negative – Divergence RSI Overbought IF = Google BREAKS - VWAP AT 117 Bear Put Spread - 117 / 105 - 40% PROBABILITY = 1 RISK FOR 3 REWARD Potential Sept 3 Exp THE BIGGER PICTURE FOR GLOBAL TECH IS OVERBOUGHT AND NEGATIVE CPI NEXT WEEK FED HIKE SEPT TIGHT JOB MARKET = HIGHER WAGES...

CapeAfrican Updated 

Rising rates - Cooling CPI - Slowing Economy -- No Runaway Demand. MACD Crossover and retraced into the moving averages Near term Target of 1680-1700 I will be using Put Options on the EFT GLD

CapeAfrican

Would look at any bounce as opportunities to go SHORT around 19.75 Put options on ETF - SLV Broke below moving averages in downtrend MACD Negative HUGE divergence on MACD -BEARISH Rising Rates Slowing Economy - Recession Demand Imploding

CapeAfrican Updated 

Gravestone (doji) starts outside the Bollinger Band followed by Red Engulfment Bar. 90% of trading is inside the Bollinger so probable she returns to the Moving Average Trade Volume declined on the rising of price -- NO surge in volume to support the breakaway Island Top Both Oscillators show a Bearish Divergence IMPORTANT FIB RESISTANCE LEVELS Note -- Dow...

CapeAfrican Updated 

Two Triple Tops … Divergence on the Oscillator …Rising Bearish Wedge SPX Four-hour 4HR chart is - 3 RED DOJI CANDLES in a row - gravestone - hanging man - gravestone Hopefully prophetic - Not exactly a bullish set-up - may gap down - Yesterday she was tired.... UNEMPLOYMENT RISING 8 WEEKS IN ROW WALMART WARNS OF BAD E.P.S NEXT WEEK CPI OVER 8.5% Home prices are...

CapeAfrican Updated 

"What a fool believes he sees No wise man has the power to reason away What seems to be Is always better than nothing" YES - the U.S. is doing better than the rest of the world. Europe, China, and Emerging Markets are imploding in real-time. And there's your "bull" sh*t market. If that's your thing. Love this publishing Trading View deal - colors and...

CapeAfrican Updated 

4 rejections off 120 – 50% fib RETRACEMENT Not Participating in Tech Rally =Weakness MACD Histogram negative – Divergence RSI Overbought IF = Google BREAKS - VWAP AT 117 Bear Put Spread - 119 / 107 - 40% PROBABILITY = 1 RISK FOR 3 REWARD Potential Sept 3 Exp THE BIGGER PICTURE FOR GLOBAL TECH IS OVERBOUGHT AND NEGATIVE CPI NEXT WEEK FED HIKE SEPT...

CapeAfrican

1 - Looks like 4144 and 4140 double top - better seen on the ES1 FUTURES as a TRIPLE TOP 2 - Oscillators divergence BEARISH – Not supporting the new highs… 3 - Both tops are followed by Large engulfing RED CANDLES - better seen on the US500 4 - MACD – and RSI BEARISH signal 5 -VWAP - Held on the retracement BACK UP –Yesterday Fake Breakout above the VWAP 6 - FIB...

CapeAfrican Updated 

All the earnings and FED news is out so we “” buy the rumour and sell the fact ….”” 1 - Looks like 4144 a small double top. 2 - Oscillators divergence BEARISH – Not supporting the new highs… 3 - Both tops followed by Large engulfing RED CANDLES 4 - MACD - BEARISH signal 5 -VWAP - Held on the retracement 6 - FIB levels are the current support Will trade this...

CapeAfrican Updated 

All the earnings and FED news is out so we “”buy the rumour and sell the fact….”” 1 - Looks like 4144 a small double top - better seen on the ES1 FUTURES 2 - Oscillators divergence BEARISH – Not supporting the new highs… 3 - Both tops followed by Large engulfing RED CANDLES - better seen on the US500 4 - MACD - BEARISH signal 5 -VWAP - Held on the retracement...

CapeAfrican Updated 

There are lies – damn lies and then there are statistics… There are charts – then there are Fibs – and Pitchforks -- Then there are Tea Leaves… When no more indicators support your position - No longer timeframe to support your losing position - then the decades chart? Finally get out the colouring book and make it pretty Anyhow Holding short the 3900 Triple...