IvanTheGod

IvanTheGod

On the top we have the Nasdaq100 On the bottom we have the S&P500 My question to you traders is, why are they diverging ?

IvanTheGod

Although my previous bullish post It’s interesting to see the QQQ ’s break lows & the SPY did not .

IvanTheGod

Just an observation I made , it will be interesting.

IvanTheGod

Just a visual observation I made while visiting the monthly, and the weekly.

IvanTheGod

In this analysis , I would like to point out the overall Put/Call ratio. We have seen time & time again when overall market participates are leveraged heavily into one side , the market always seems to turn rather quickly or consolidates before making its next move. I would also like to point out the recent extreme bearish sentiment regarding the...

IvanTheGod

Time and time again we have seen positive and negative divergences between the AMEX:SPY and AMEX:GOVT . Will This Time Be Different? We have a negative Divergence between the two yet again. This suggest the bottom is NOT in.

IvanTheGod

A . - Price has visited the $153-154 price level a total of 7 times and each time has respected and produced a bounce off of it sooner or later. B . - Rejection of the 50 MA is a good sign for the bears , coming down and testing this level an 8th time is very probable. C . - Being the 8TH time we retest , in this BEAR market I believe a break below this...

IvanTheGod

Bullish Scenario - We open test the 50 Period Moving Average , Break through it and come up and test prior structure / 10 Period Moving Average Bearish Scenario - We open, test the 50 Period Moving Average , get rejection and continue to be BEARISH

IvanTheGod

This massive 208 day long ( at the time of this making ) Triangle / Pennant structure could pay VERY well. - 186 is a key support level

IvanTheGod Updated 

A. When the VIX moves 20% (or more in a single trading day) ABOVE its 20 Period Moving Average this often signals a short term bottom in the market. B. Confluence - We have a gap to fill furthering the probability of this short term bounce in the markets. Remember we trade price action .

IvanTheGod

Just a possibility , we trade price ACTION (A)-Bounce off the 50 MA (B)-Smack back into our trend line/resistance (C)-Smack into our trendline / support In my opinion, with the state of the world economy, It is impossible for me to be BULLISH, so I do anticipate a much needed sell off.

IvanTheGod

If we cannot break and hold above 80.82 then I will be turning into an absolute bearish candle

IvanTheGod

Bearish Divergence on two hour time frame , + reaching the top of bull cycle , if we cannot hold key area 127 then expect a big sell off.

IvanTheGod

Prediction I also believe with this parabolic rise we could see a parabolic drop, Watch price action , watch puts

IvanTheGod

Keep watching key BTC resistance levels guys If we can hold 21,000 level , we can see definite upside to 22,000

IvanTheGod

If we can break above 150.66 and then break above 152 we can see more upside , although very unlikely . If we get rejected at either of these levels Ill be playing the downside. $$

IvanTheGod

With the Travy Patty Burger being eradicated off the menu we could see a sharp decline in sales this coming week or two, major loss for the McDonalds Corp. loosing the travy patty.

IvanTheGod

Technical Analysis , Chart Pattern July Prediction, Bullish