Get Ready. VIX rising with rising price. RSI <60, got 70 at the Head > divergence. Do not buy into this fake rally. Bear ain't over, after hibernating all winter, it will come out hungry in springtime. 900 days. VIX >40. Watch.
Short the rallies! Every rally is nothing but liquidity grab. You gotta be nuts to go long here, because: FOMC > more rate hikes 'may be needed' = 'are coming' Banking crisis. Worse than they let on. Yield curve inverted. Always preceeds major selloff. Recession is coming. For all the above. We in 70's economy, stupid! The Big Dump w/capitulation always comes...
Simple idea. Price has drifted closer to S/R line, seems likely to test it soon. Buy that dip, but Bear is not over! Indicators approaching oversold; FOMC FOMO likely start a weaker rally to a right shoulder; then June Swoon.
GET READY. BACKTESTED. PIVOT IN PROGRESS. Three Drives to the Top! 4310 Double Top Coming. BULLS LAST HURRAH.
It ain't over folks. I see so much hopium and happy nonsense every day here. It ain't getting any higher. Stop smoking weed and sit up straight! Fact: No bear has ever ended with VIX <40. Ain't been north of 36 yet. Fact: Y2K bubble ended on a 900+ day bear. This one looks a lot like it, and is not half done yet, only 420+ days into it. Fact: Inflation remains...
No New Bull market, no new ATH yet. Just another Bull **** Trap. Headed for oversold IMO, see RSI. Likely find support at 50MA on the 4K, where former resistance turned support before. See the arrows. I begged friends and family to shuck this dog but "No, it's going to ATH they said, you're wrong Sawbucks. What, and miss out on the next bull run?!" See you at...
Trades at the most common retracement price. Risk equities may soon become less popular. Amazing how these small caps appreciated from the COVID lows. Price may be expected to seek fair valuation... somewhere in between.
Real simple idea. All the Happy enthusiastic FOMO and BTFD tech stonks still trading at 700x PE. All Happy BS. You BTFD here you gonna get a nasty surprise, surprise, surprise. This monthly view shows where RSI goes in a real Bear. NB: U R HERE... U R NEXT! This won't happen overnight, it will be a painfull grind with some terrific knifedowns. Real Bears last...
Chart says all. Break below means it was a fake break. Bounce means we going higher. Critical juncture. Golden cross forming? Maybe. No position. Hold nothing.
Well well here we are above the 2022 bear trendline. This is a definitely breakout above the fall line, after the cup and handle. Plenty of peeps still talking about a further decline to <3600 but I reckon it's time to abandon that notion. Market's going to emerge from bear soon imo. We have inverted H&S formation and cup & handle leading to this breakout. It...
Notice how similar the patterns highlighted. Diverging RSI with higher prices; Exact RSI pattern as well. Could be setup for another drop, keep an eye out!
Bull and Bear cases. Can go either way and all positions entail extreme risk at this juncture imo. IF last week's selloff TL rejection was a First Wave, THEN we going a lot lower real soon (projection in 5-EW). IF the Cup & Handle (so clear! notice line drawings) predominates, THEN look for a breakout above TL at 4k and retest with impulsive move higher. Notice...
There it is. Plain & Simple. Consolidation = cup Retracement = handle Bull wave to follow > Double top?! Trade with Caution: Chart patterns like this are often deceptive and misleading!
Capitulation, VIX > 40+, the Big Dump of '23 maybe coming, and soon. .382 Fibo at 3908, NB: R/S line right there, 200 pips under last top. Unless JPowell indicates "No Time for Puts" on 1 Feb, expect a big disappointment. Bear will end when last bull throws in. No reason to think JP will suddenly pivot policy. He told us twice now the Fed wont ease up until...
Last week of price action generated a pennant. Typically these fly at half-staff on a flagpole. Not sayin it will; but it sure could. The measured move remains below the pennant. 300 pips to half-staff; 300 more would go to 3530 if it goes. Be carefull! GLTA
A fierce face-ripping rally characteristic of bear markets caught shorts out on Winter Solstice, but should not be mistaken for anything than another bear rally. We have had a number of these all year long. This is no different. The .382 fibo aligns with 50 MA at the higher structure neckline, an ominous triple coincidence. IMO this move is consistent with an...
H&S Inverted Pattern plays out. rejected 4100. This intense two day selling move looks and feels impulsive. Still could play out as an ABC but in this bear all the downs have been impulsive 5-waves. Being long is hi-risk imo. So this is just Wave 1. A bull trap is coming for a day or two. FOMC likely trigger for the 3rd Wave, final target 3660. After TL break,...
Massive blowoff move likely signals at or near another top. We have a three drives completing here near TL and just over the 200 DMA. The usual bottoming behavior is to form an inverted H&S. Look for it. Would not load up on longs here near exhausted RSI IMO. GLTA