Better close ur shortz. Look at time and price patterns past two weeks. Down, down, Up; down, down....UP coming See SqMo get ready to turn see WT bending, RSI oversold, people say, gonna get more oversold! Maybe so, won't last much longer. Get ready for a big pop, a short-killer. When greedy put holders close out for loss the MMs can wind up their short futurz...
A break below this line will be the death blow to this aging bull IMO. Keep a close eye on this one, maybe no position is best atm, eh?
Maybe. On higher timeframe, still looks bearish, a Bounce is likely from the 21 MA IMO. See the 'h' pattern? Primary and Secondary sells. Indecision and consolidation followed. Would not get real Bullish just yet, although it sure suggests we could see higher next week. These indicators are by no means foolproof, but they do help you to not make expensive...
Look what they did to it. Vertical is unsustainable. When it breaks will be astounding.
LOL, follow-up to a recent post. We got a shooting star Doji on the daily 30 Dec at ATH retest and fierce EOD sell. Looks like Thursday's gap was Exhaustion, filled EOD and sold lower. I be Shorting any subsequent rally into the New Year! This ain't advice, you could lose a lotta damned money doing this! Trade at your own risk, GLTA!!
Not saying this will happen, just that it could very easily do this before it collapses. Indicators are overbought and suggest sell imminent, but these can fake you out, a small pullback could provoke the vertical spike. All the gamma is gone positive and rolling up the callwall 100 pips could release the kraken on Friday 31st. Most ultimate ATH have a...
Going oversold. Price pressing to prior bottom support zone. Watch small caps, leading indicator for pivots. May be ending uptrend but a strong bounce could occur over holidays, wiping out shorts... would not chase this! Friday Triple Witching was a Bear Trap; don't get caught twice!! Just GTFO if you are not damned sure!!! Watch indicators, a buy signal may...
Santa came and the rally goes on until Happy New Year. Then... what?! An impulsive movement looks to be close to end run. Passed the first Fibo, can pivot anywhere in zone. Near overbought. After a correction back to former resistance, expect a final parabolic nutty runup. Until the first rate hike. Not investing advice, just a warning... probly close to...
And Higher Thereafter!? Should bounce from 21MA IMO. Needs a pullback after the monster rally. Typical handle is ~0.50 fibo of cup wall. Test ATH thereafter, and beyond?! Who knows, double top before FOMC seems likely at this pace. Fed could tank it again.
Chart says all. Got an impulsive EW completing over three days. Oversold condition. Double bottomed QQQ ~384. Ripe for a bounce IMO. Fed may offer relief rally. Or could tank off more. Being short here could hurt.
Projection IF Three Drives leads to a Top, a breakout above ATH. Pure guess, a worst case scenario for the shorts. Insane rallies happen in endgame. NOT saying this WILL happen; just that it certainly COULD, a blowoff ultimate ATH might be the last charge of the Great Bull, running since 2010. 2022 will certainly be challenging for equities IMO, all future...
That was a mad dash. Look we got a right shoulder overnight. Will the march continue? Or turn south again? Be wary at this Fibo, often a pivot! Anybody's guess. If the path leads further down will head much lower IMO. If euphoria continues a measured move goes to ~4842 (linked idea) Just sayin, a pullback is likely here, could develop into another cascade if...
Look out below. So fragile now. Anything will break it IMO. Can it still get a lower high? Ofc. Who knows, bad place to be long IMO. Indicators all stuck in the middle, anyone's guess for Friday. Should it gap down and leave an island top, would be game over.
They got a beating 12/09, Tues gap filled EOD, RSI near oversold, expect turn higher soon, watch the indicators!
NO!! It's gone Ape-S**TT!!! Melting Up; Short here = Suicide. Could get a Measured MOVE from the Breakout point 4593; +249 push to 4842?!? Watch these Indicators for a pivot. Near-term Short entry for a technical pullback at WT crossover when RSI overbought and a 5-wave EW in RSI appears; NOT before! Do not hold this short for long term, purely a day trade from...
In a broadening wedge a descending megaphone pattern is characterized by five reversals, up-down-up-down-up, each swing is wider but price is constrained within the wedge pattern, without break below lower TL. The finishing move is a crushing bearish move to the lower TL. Price came down to 200 DMA. Will it hold? Wayyy Oversold! The pattern is a bullish reversal...
Watch the indicators. Been expecting the vertical parabola finishing move. Could be amazing if it follows overlay, price action strongly resembles it. Not recommending a specific price or strategy. Be vewy vewy qwiet.. we is hunting wabbits! DYODD. GLTA!
Dec 2018 laid over Dec 2021. look for twin towers, a double failed rally top before the throwover. Speculate foolishly at ur own risk; DYODD; GLTA!!