FordCalvin

FordCalvin

Lots of consolidation knocking on the door of 420. Although briefly hitting 421 this week I believe a true breakout is realized soon and we open the next 20pt range. 400-404 offering support if we pullback, however pullbacks will temporary as we continue the uptrend from March '20 lows.

FordCalvin

Writing is on the wall. Holding since 0.01

FordCalvin

Bought the dip @ 88.00 when we were 2 standard deviations down and at support. A little premature however with increasing employment, states' reopening, and the passage of the new Covid stimulus, Nasdaq should rebound strongly and maybe even hit new highs. Targeting 112-121

FordCalvin

Narrowing range ahead as vaccination hits critical mass, no more flashy stimulus/vaccine/recovery "hopes" headlines, exhaustion top likely around 430, and bubbly valuations could result in shocking pullback to 310-15 in second half of the year.

FordCalvin

Energy won't fully rebound till 2024

FordCalvin Updated 

Santa Rally

FordCalvin

Tesla should start 2021 off strong after a period of consolidation.

FordCalvin

Range should break in the next month or so

FordCalvin

Looks like a symmetrical triangle is forming going into election, market will be very choppy as investors weigh post-election chaos When the dust is settled I believe we go higher

FordCalvin

looks like a very similar set up

FordCalvin

SPX 4000 by Trump's second inauguration

FordCalvin

SPY 370 around the corner!

FordCalvin

Good risk-to-reward here Risk greatly reduced by recent pullback Zero interest rate environment unchanged ATHs will continue as we get closer to election as will volatility

FordCalvin

Getting really close to the max pain level of 329.50 where the lower bollinger band, 50-SMA, and March trend line all converge Good risk to reward for going Long here A break below 329.50 would invalidate this Long

FordCalvin

The writing is on the wall as this continuously expanding megaphone pattern comes to fruition, sharp decline is expected once stock market comes in line with the reality of actual, overall economy recover will be strong and I believe we'll finally start a new bull market once this thing is actually taken down and bottomed in 2021

FordCalvin

Bull target is 3600 Bear target between 1500 and 1800 Very little upside left in this market Expecting SP500 Price to more accurately reflect the overall economy as year progresses

FordCalvin

Not going to explain

FordCalvin

Descending wedge getting pretty tight Market structure looking weak with tons of gaps to fill below Expect political news to spike volatility mid-August