EffyewMoney

EffyewMoney Updated 

Things tend to not go so well for SPY when the 10-year/3-month Treasury chart crosses zero. Downtrend typically spans between 2 and 3 years, falling about 20-25% per year. It has been 2 months since we crossed the zero line again. A bottom for the treasuries chart has not yet been established.

EffyewMoney Updated 

Price action has been rejected off of this falling wedge resistance 3 times now, and it's going to take some time before enough people turn bullish on it again to drive a run. I play long only. I'm not in ATER, but I see it being pumped on social media so much that I wanted to paint a clear and simple picture for others on why it's bearish right now.

EffyewMoney

Simple technical observation, the trend line of SPY's highs this year will cross the 0.618 Fibonacci resistance on August 31st, just in time for September which doesn't have the best track record historically. Macroeconomic considerations: Russia's still invading Ukraine, China's puffing its chest at Taiwan, U.S. and China both have their own respective housing...

EffyewMoney Updated 

ADSK has a long history of consistent uptrend. After positive earnings, it gapped down, found support in the long term trend as well as recent channel support. Blue dotted line support is a +1.236 Fib level within a Modified Pitchfork influenced by reference points in October 1999 (Low), December 2007 (High), and March 2009 (Low) MACD has made a sharp bend...

EffyewMoney

The last time MACD crossed over Signal and RSI crossed over EMA together GME ran up to 350. If it forms a higher high than May's run-up it could reach the 1.236 Fib ratio of the most recent high-to-low trend, $418.92.