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
A week ago I posted a Bearish Idea for AMZN - the initial target hit. I sentan update going into earnings for shorts to be cautious, here is the updated chart: - Above 126 is near term bullish. Needs confirmation with a break above 129 by 11/3 (needs to break above solid green line in chart) - If we get confirmation, initial upside target is 134 by...
Case 1: We are in wave B of an expanded flat, post earnings pop to 143-144 and then drop to 128 by 11/6 Case 2: Drop from current level (138) to 125-128 before 11/3 expiration ** The play ** - 2:1 puts to calls Nov 3 135 puts for 2.60 and Nov 3 142 calls for 2.80 - If case 1 plays out, sell the calls to break even and enter Nov 9 138 puts Not financial advice
This is what SPY will do near and mid term: - Begin drop somewhere between 11/3 (today) and 11/8 (next week) to 398-405 range [ 402 point target by end of November 2023 ] - Bounce/relief rally to 434-444 by mid to late December 2023 - Massive drop in 2024 to 360-380 minimum, possibly as low as 290s Short it, buy it, then short it again. These are very...
Target range is 260-270 by 11/15/2023 - can go as low as 253 - expecting some accumulation in the 260-270 range before a bounce to 280 by end of November - I'll send an update from there Orange trajectory is the expected path to point target of 260
AMZN initial target is 121-122 following the earnings report. Goal target by 11/3 is 114-116 Stop loss is close above 131 - this opens the door for upside to 138
CELH has a very bearish setup Target range is 90-110 by earnings in November. Point target is the black trajectory, 97 by 11/1/2023
Downside target 1 = 413 by 10/5 Downside target 2 = 408 by 10/6 Downside Target 3 = 401 by early next week (10/11 point target) It will bottom there. Probability of target 1 > prob target 2 >> target 3. Set up is there, lets see what happens. In Oct 11 418 puts
Summary: target is 3961-4004 by 9/8/2023 - 9/15/2023. Alt target is 4004-4112 by 10/5/2023 - black trajectory is main/expected path -blue trajectory is Alt path There is a lot more that goes into this, but all the most important aspects are in this chart. The red and yellow trendline is a proprietary trendline that represents B-wave territory (above/left of...
LRCX is about to make a major break into bearish territory - right side of red/yellow line - initial target is 560 on 10/3/2023 (black trajectory) - goal target is 520s by end of October 2023 Stop loss is a sustained break above the green trajectory
I think this setup warrants at least a few lotto puts for the next few weeks. Risk is incredibly high here with a rejection in the 380 region. Here are my targets: - PT1 349-360 in the time range of 9/5-9/8.. would not be surprised with a gap down after the long weekend to kick this off - PT2 328-348 in the time range of 9/20-10/6... this is a more reasonable...
NVDA is a monster, no doubt. And shorting it is risky. But based on chart alone here is what I see: - sustained break below 479 (we're here now, 3:10pm 8/24) will result in following targets/time to target. What I mean here is that NVDA will be trading at these levels on the dates given - it can exceed below and then pop to these levels, however, if it fails to...
In my method I can confirm when a B wave has completed. For AAPL, failure to extend to 201 and 204 signals B wave has finished, and we will get confirmation that C wave has started with completion of wave (a) of C down. My wave (a) target is 159. The solid black trajectory is my main path: -Drop to 179-185 (targeting lower range) -Then bounce to 186-194...
First of all, if you just follow the solid black and dashed black trajectories you'll do fine. The solid black is general downside target, the dashed black is an attempt to map out potential path to target in waves. Goal target is 153 by March 2024 . Target range = 140-170 by May 2024 latest, but as early as Jan 2024. Initial target is 201 by end of 2023,...
BTC is showing signals that the B-wave of its corrective phase has completed and it will be starting its C-wave to complete the structure. The C wave will take it to new lows in 2024, this idea projects the first leg down to kick off the C-wave. Initial target 17793 by 10/10/2023 The breakdown level was 27791, so as long as it stays below that I am expecting...
A break below 1800 can trigger a selloff to 1400s by end of August. Signs of distribution since the 2023 high. Last selloff to 1600 was a sign of strength, this will be the real deal - likely start of C wave down to new lows.
Expected price action: - 253 after earnings - bounce to make lower high around 275-285 by early August - drop to low 200s by September Alt path: - spike post earnings to 299 - immediately hit from there to low 200s by Sep. B waves are rough.
Prepare for big selloff to start around 2:30pm-3:00pm today. Netx stop is 444-447. Then bounce to 450 w/AAPL/AMZN earnings, but then continue down from there. Top of this B-wave is forming.