15m intraday H&S late-day. Sagging hard. Good luck Im not an investor advisor and this post is not advice its for entertainment and education only.
Going down further; Not advice; just an observation. Good luck!
See chart. Minor retracement with clear wedge formation- ascending triangle before a further break down. Not enough bulls to fill Friday's gap. Im not an advisor this is not advice, just fun education post, good luck!
Doubtful SPX 0.32% can fill Friday's gap. Curving over now after a tiny subminuette 5 wave reactive bull impulse. Expect lower by day's end and a break sometime this week. I'm not an investement advisor this post is for education only, good luck!
Trading at the top of Friday's decline all indexes slightly higher a tiny subminuette 12345 impulse is seen in the minute chart for SPX today, looks like near completion - cant say how high the up reaction will carry but I reckon short entry now is likely profitable. Im not an investment advisor, this is not advice, its an observation for education only. Good luck!
Candle last week-> my goodness. Might sell down to 2790-2800 support band this week, get a B wave retrace and then head to retest trendline next week. Charted 2777, let's see if we get it. Bearish waves been lasting ~ 2 weeks or 10 sessions, give or take a bit. Expect push to new All-Time High after retest. As always, my amateur insights do not constitute...
Expect possible brief reaction to Friday's selloff. If a Minute Wave 2 forms it would suggest a full and deeper corrective minor wave Y in my WXY pattern (omitted for clarity- see links below), with a 5 wave impulse. Minor Wave WXY is part of larger intermediate wave 12345, now forming the intermediate wave 4, not shown, in turn part of larger primary corrective...
Don't expect a real hard selloff; this is an alternating wave coming off the June Swoon deep selloff, but could still have some pretty fierce selling and ^^Vix. Index will likely go on to form double top and new All-Time High, breaking up from channel later this year after resting comfortably at ~24840-25040 for a few days. We are in a 'reactionary wave'...
After Tuesday's short squeeze a lot of us got stopped out and irritated bears are wondering; "WTH is it DOING?!" After I calmed down a bit, licked my wounds and smoothed out my fur, took a hard look at the chart. Then shorted again today. Pattern now unfolding looks a heckofalot like May's behavior after the runup three months back. Now Tues looks like a...
Textbook classic signal, confirmed by subsequent price action. Short now if you didn't yet!
See chart. Double shooting atr Doji on the 1-hrs today. Bearish divergence. Media hype 'bulls charging nonstop!' Look out below...
The slip-slide has begun. Could surprise us with a last-ditch retest from here, but futures are grim and price action = bearish. After an exhaustion gap - up we had a shooting star doji on the 2-hours 8/7 and an engulfing bear candle 8/8 end of day. High probability given these signals the Dow is in throwover. A sharp decline might ensue following rejection from...
Bestimate projection for Dow going into August, tied with October for weakest month of the year. Coming off a strong rally in July, odds favor more volatility. Dow appears to be in a corrective, reactionary wave cycle: 'A' wave from first top 07/26 ran down to the flash crash Thursday 08/02 (Label 'W' of WXY reaction). Notice labels for larger primary trend are...
Many ideas posted about bullish up wave in the flag, but to get to that we need to have a down wave first. Only q? How low will it go? Three possibles depicted here in chart - Fibo .382, .50, .618 retracements. I'm confident we will get back to at least 250 support (former resistance) for a .382 pullback in an Elliott A wave. If investor confidence fails and we...
Breakout from symmetric triangle today on Donald's 'tradiness.' Bulls back in control. May rise nearly vertically now for a month. If GDP # good Friday will lock in the rally to recovery. Cover shorts while you still can. Donald's timing perfect: coincides with end of the 4th Elliot wave in bullish impulse, charted. Fifth wave will be a monster, expect +1200...
Chart says all. Symmetrical triangle now in fifth wave and narrowing rapidly to apex; correction six months old- maybe time for recovery Index trading with support @25K (former resistance now becomes support) forming a descending wedge > suggests break to upside Cup formed from June - July now shallow pullback is forming the handle. A breakdown to lower support...
Adjusting my idea for what might lie ahead for the Dow. Forgive my many variations, but our picture is certainly confusing and some of us have already been whipsawed and blindsided twice: Dow is in an extended wave 5, approaching the upper edge of a symmetric triangle. a weakening Bullish formation forming over past 9 days, albeit on low volume. Breakout from...