So many scenarios, now to figure out which one we're in :^). We would have to see momentum follow through today, otherwise we're going down to 361.
while i await to take on a long term position, i'm taking a little short here for the time being :^)
Dead cat bounce with no momentum here. Look for a bull trap right at the open, followed by another royal flush in the days to follow down to around 3600~3620. We'll see 400~405 after this wave 4 correction ends. This dead cat bounce may get as high as 390, but the higher it goes, the better the short.
Currently we're in wave 4 sub-wave B ( aka the suckers rally) Looking for wave C to bottom out between 37~40k From down there we'll see a nice wave 5 play to over 100k in the months ahead.
btc is starting to display signs of weakness. my upside target was in the red box, but with this weakness manifesting itself, could we just see a truncated fifth? 42k invalidates the entire bull count from last march, if this happens: green box is for buying.
Chart requested by: @talentadvisormadhan $QS is currently in sub-wave 4 of wave C, look for the final push down into the golden buy zone in the weeks ahead. Wave 3 target sits at $350 This won't happen overnight, but this is a solid long term hold if you're into their tech.
Special request by: @talentadvisormadhan $Sumo hit the golden zone perfectly, and our proprietary indicator is calling out a very powerful buy signal here. Consider this the start of a wave 3 impulse. Wave 3 target: $72 Wave 4 target: $54 Wave 5 target: $90
finishing wave 4 here, going to go for the final 5th
dead-cat bounce into a rejection from all the moving averages, and a final push down to 3610 for wave 4 algo target. going long down there for a wave 5 play, stay tuned for some killer setups 🤑
must stay above red line to keep the bullish idea in tact. Break below, and that's a short.
This is my main count, and I'm going to roll with it. Will short at 4080 for a nice little play, but: Spx will get to 5000 before a real correction begins. Co-alligned with economy re-opening, new stimulus, and fed doing something about the rising rates.
For starters, spy hit my target perfectly from yesterdays post: Secondly, we are in the midst of finishing the final wave 5 structure on the largest possible degree (dating back to the 1800's. Currently I have this 5 ending at 4083.50, but I wasn't sure how we would get there until today. >Sub-wave 3 impulses out of the rising wedge which spy has formed since...
xpev has been bleeding out for awhile now. we tried to catch it in the golden zone recently, but that didn't work very well and we got stopped. the next algorithmic target sits at $29.39 (.786) and i do expect the algos to pick it up exactly there. don't see that gap filling, but i do see a strong reversal in the days ahead if the buyers follow through. >buy...