BINANCE:ALGOUSDT Algorand might be ready to make a big move to the upside. Alts and Algorand by itself, both look bullish against BTC. ALGO/BTC: Altcoin Index/BTC: Looking at Algorand alone: After a 90% decline, Algorand might be putting in a bottom. Bullish Evidence: Weekly MACD crossing bullish, Weekly RSI rising out of oversold levels, Weekly Heiken...
NYSE:DE Weekly Elliot Wave Path #$%^&*(#$%^&*(#$%^&*(#$%^&*)
NASDAQ:NVDA Nvidia Fork + Waves Median Line Failure + Impulse move = Time to correct. 1.618/2.618 fork extensions. ABC to the 2.618 fork extension line. $170-$175 range target.
NASDAQ:TLT TLT, the long bond ETF is approaching a historic oversold monthly reading due to the coming rate hikes. The Fed would like us to believe that they will raise rates 6 more times this year, which would of course destroy bond prices. It's not going to happen.... The Fed has raised rates once thus far, by just 25 bps and the market is already down...
NYMEX:CL1! It looks like Crude is heading to the $75-$80 area. There are plenty of Macro forces underway that should push the price lower. Macro - Strong Dollar - Rising Interest Rates - Slowing Economies - Government Intervention (Fist Bumps) On the Technical Side: - Price finally broke under the green major pitchfork's median line - Weekly 9/20 MAs...
AMEX:SPY SPY Forks Price finally broke out of the major descending fork that has held price since April. Trigger line + minor fork showing a potential top around 430-435 in mid-August. Confluence with the 200MA and .618 fib. Let's see what happens.
BINANCE:BTCUSDT This is a pretty simple set-up. Pitchforks pointing to $23,000+ level. BTC crossed above the median line, Ichimoku Cloud - Buy Signal, MACD/RSI/DMI positive. The MACD/RSI/DMI, all have room to run on 6H & larger timeframes. I'm targeting the upper MLH just above $23,000. Entry = $21,200 Stop-Loss = $20,900 Take Profit = $23,200
CME:MBTN2022 Nice Modified Schiff set up with bullish divergence on 30m BTC futures. Bullish Divergence + Bullish RSI Swing Rejection Long BTC to the median line / Volume POC, approximately $21,175
AMEX:SPY Spy Bull / Bear Scenarios Red Pill = SPY continues dropping to the lower bound of the green fork. (Approximately the 345-350 level) Blue Pill = SPY reverses higher to the median line of the white fork, with the potential to rally to the upper bounds of the white and/or green fork. Lightning Bolt = Potential relief rally peak? Let me know which...
NYSE:SHOP Shopify dumped to a major support level. Weekly MACD crossing up, Weekly MFI showing bullish divergence. 10/1 stock split coming on June 29th. See AMZN prior to June 6th split. (27% rally) I'm anticipating SHOP rallies here. (Perhaps to low $400s or $470) I'm going long tomorrow on the market open. I hope to hold the position until price exits...
NYSE:GE After putting in a pretty clear topping pattern, GE price action is working it's way through a descending triangle. With rates rising, I am expecting price to fall out of the triangle and run down the pitchfork to the 0.5 to 0.618 Fib level. Price target = $70 - $77 range.
NASDAQ:QQQ QQQ gapped through the median line... Next level it should reach is the lower median line. Look for a tap of the lower median line somewhere around the $265 level give or take. 1.0 Trend-Based Fib Extension is at $264.50
NASDAQ:NVDA Nvidia 30m Timeframe Bearish Divergence + RSI Bearish Swing Rejection (Not Pictured) - Ichimoku Cloud sell signals triggered. Price has fallen out of the green pitchfork while putting in a Head & Shoulders pattern, within a larger H&S pattern. I'm expecting price to drop here, at the very least to my T1 level or T2 level notated by the green and...
NYSE:LMT Lockheed Martin is about to confirm a H&S pattern on the daily chart. On the weekly timeframe, it is pretty over-extended. The Weekly MACD has crossed under the signal line, and the (not shown) Weekly RSI has exited overbought levels. Price has broken under and retested the median line of the Schiff Fork (Purple) A test of the lower bound of the...
TVC:GOLD Gold bounce back to the 2.618 extension at $2000 Not doing a write up, just look at it.
NASDAQ:MSFT Microsoft test/retest of the lower bound of the Schiff Pitchfork. Expecting a test of the median line around $275.
NYSE:C An inverted head & shoulders pattern is developing on the Citigroup weekly chart. The weekly RSI just left oversold levels; after laying out what could be the right shoulder of the inverted H&S. The height of the "head" is approximately $48. Applying fib extensions and a standard pitchfork to approximate a target. The 1.0 fib extension is almost...
AMEX:SPY SPY getting ready to bounce here. Some are calling bottom... In my opinion, we still have a long way to go. Quantitative Tightening scheduled for June 1st. Along with two more FOMC meetings (rate increases) in June & July. I'm looking to short this bounce, somewhere near the 50% fib (SPY 417)