JackRichards1987

JackRichards1987

Gotta love the classic BTC Bart Simpson pattern LOL

JackRichards1987

The stage is set for another spike in this Inverse Real Estate ETF. 30-60% upside possible. Not trading advice.

JackRichards1987

I am long term bullish on Silver, if we break down out of this wedge we may retest the $18 range.

JackRichards1987

Waiting for confirmation, but the 99-2000 bubble had perfect symmetry like this, we will see where it goes..

JackRichards1987

I know the narrative is the dollar is doomed, but the charts look more like it's set to explode to me. This would coincide with a plunge in the major ETFs and PMs as well.

JackRichards1987

SPX heading to test the 200 then possibly the lower trendline in this triangle if that breaks. Could be a big leg down if the triangle breaks.

JackRichards1987

We will likely test the 200 then test the lower trend line if that breaks. If the 200 holds, all bets are off.

JackRichards1987

If this wedge breakdown confirms, we are headed for previous lows.

JackRichards1987

Many have noted the "breakout" of the triangle over the last several sessions. I have not been convinced it has any legs. We are also developing a nice ascending wedge. My guess is the ~40% of target we hit was all the triangle had, and the wedge will play out to the downside.

JackRichards1987

Silver hit the price target almost perfectly from the descending wedge we broke. I believe it will now retrace a bit and retest the 200 day. Hopefully we get a strong bounce and then new highs.

JackRichards1987

The bear flag we have been watching has broke, multiple indicators telling me we are headed to test the pre cough crash highs.

JackRichards1987 Updated 

We are retesting the wedge we broke out of, if we bounce I think we retest the 200 day at least, target $22.50-$23.00

JackRichards1987 Updated 

Bulls are calling for SPX to 4150 bears to 3100. Which trend-line are we headed for? My personal belief is we are dead cat bouncing on the way to 3100 but time will tell. If the bulls rush in we could definitely see a squeeze to 4150... If reality takes hold 3100...

JackRichards1987 Updated 

Watching this bear flag. I we break previous lows, lookout!

JackRichards1987

BTC has been textbook pattern after textbook pattern in this bear market. Fun learning experience (for me anyway).

JackRichards1987

We have a very nice bear flag formed on the Nasdaq. To me it looks like we will see new lows by January. Time will tell.

JackRichards1987

The wedge I've been waiting for over the last few weeks has finally broken down. Next stop I believe is around $13,500 and ultimately back to the long term trend line at $8,000.

JackRichards1987

All my other charts are pointing me to believe we see a meltdown in most assets until the end of the month. This would coincide perfectly with a dollar melt up during that same period. Unfortunately we all know the only thing that matters at this point is central bank policies, so the Nov 1-2 Fed meeting will likely be an inflection point if they pivot. If they do...