Dont worry about all the lines and shadings - those are for me to trade with. And that is what it takes to draw a near-perfect forecast. Just follow the solid black path. Target 525-530 by 1/5/2024 . From there it will make shallow retrace and begin re-accumulation phase before breaking out above 537 later in January. Buying the Jan 12 510 calls once I get...
NOW is very bullish currently, expecting upside continuation as long as it breaks dashed orange and red resistance directly overhead. Initial Target = 730 by 1/12/2024 (possibly sooner) Goal Target = 770-780 by 1/19/2024 (earliest... give it more time if playing calls, go out until March 2024) Today (12/28) should be very bullish, likely testing orange...
Mid-term I am expecting a move to higher highs - 418 minimum, but possibly as high as 430s. Near-term, however, there is still some risk for further downside to around 389 unless the following conditions are met: - Red funnel is overall selling pressure, orange is local selling pressure - Green funnel is overall buying pressure, blue is local buying pressure ...
This chart maps out the territories QQQ will trade in, I use stochastic analysis. I've included the results of the previous moves to show how accurate this method is. For a high level description: - the colored funnel extending from a peak or valley is the local territory price will trade in - the trajectories of the same color of a territory are the expected...
Next Target: 17100-17500 by mid to late Jan 2024 (most bullish case, green arrow). Latest this will hit is end of Feb. 2024. After this hits, next approximate target will be 17900-18000. The ultimate test here is to form a top under 20629 (if that level never hits, which it won't, this will be the 13-year bull market finale). You can expect significant...
TSLA has been setting up for a potential rally to test upper 200s, but first it will see sharp downside to 218-223 (point target 220) by 12/13/2023. - Needs to stay under 239.88 for this to playout, otherwise it can bounce to 260s - If makes sustained TSLA break below 220 then there is downside continuation risk to 180s -
Before I begin I'm going to explain the meaning of each line on this chart... All you need to do to follow this and trade it for profit is focus on the solid plack path/arrow - that is the forecast for expected price action in the coming weeks (the thicker black path is general direction, the other black path is the expected subwaves). So when you load new bars...
TSLA is about to take off on a spaceX rocket. Here is the expected route: - pop to 274-283 by 1/12/2024 (this will be the Sign of Strength of this reaccumulation structure) - pullback to 260-265 going into earnings end of Jan (back up/retest phase) - SpaceX rocket catapult slingshot to 300+ following the earnings report (the markup phase) Elon has been taking...
This channel is calculated with my proprietary method, it was formed based on the dynamics of the recent re-accumulation structure that we just broke out of. As long as SPX stays in this channel it will continue higher. minimum target = retest ATH at 4800 upper target = 5000-5200 Keep in mind this rally is a meltup to end the corrective wave off the October...
Chart pretty self explanatory. - used EWT and proprietary techniques I developed in confluence to obtain targets - used Gann to establish time to target - used common sense to "risk" September 5.00 calls for 1.10 last week (currently 1.40, expecting them to go for 3.00-5.00 before expiration) I recommend waiting until downtrend breakout for entry if you're not...
We are in a highly volatile, increasingly risky environment with overwhelming bearish sentiment. - What the news has to say: "no hope, inflation, recession, bear market, war, fire, brimstone, kim kardashian tho, inflation, recession, etc..." (I can paraphrase: FUD) - What the math has to say: Most likely path over the next few weeks is an explosive run to 430s...
Shop at Dillards. ~Rewards Member PS shop at dillards
This can be summarized as a distribution at the end of 2021 which produced a corrective markdown (I do not have the EWC labled but this top was a wave III peak). The equilibrium point/level produced from the supply/demand trendlines off the distribution phase is right at the pre-covid peak - which indicates there is support right below the 2022 low. I am...
SPY has been undergoing accumulation, markup activated 10/21 above 373.93 (will want to see continuation next week for the path to play out in timeline detailed below): Initial Target 388-393 by end of October 2022 (SoS) Slight pullback to 377-382 into early November (BU/LPS) Estimated trajectory following above scenario: 408-419 by December 2022 371-384 going...
I posted a near term BTC idea recently before it broke out - It has hit exactly so far (linked). Here is a mid-term projection that will come into play as BTC reaches upper target of previous projection: Breakout Level was 19783 - Initial Target by mid Feb 2023 = 25k-28k (previous idea aligns with bottom range of this target zone) - Then pullback to test ...
I posted a bullish trajectory for SPY back on 10/21/2022 (linked: "Bulls Ready to Take It") - that hit the exact trajectory up to this point. The idea left off indicating that was the setup pre-breakout; this is a follow up from that with the expected path from here. There has been major accumulation since June 2022, with 3 minor accumulation zones (hollow green...
Breakout level is 11525, expected path is solid green trajectory: - Initial target = 13189 by 4/3/2023 - Then pullback to test support at 11525 - If holds, then target = 14565 by 1/15/2024 ~Alt path to initial target is most bullish scenario (dashed green trajectory, would need to break all resistance this week): 13189 by 1/30/2023
Update to a previous idea I posted recently, this is more accurate. 385 post earnings (by 10/21) 525 by end of Nov 2022 Pullback to 385-400 by Jan 2023 Retest All Time High @ 731 by June 2023