TSLA is setting up for a new all time high going into earnings .
It has about a month to show earnings
I think it will experience a short squeeze ( 20% short float ) and see a fresh new all time in the coming weeks
3D squeezes can be tricky , few are seeing 3d charts, on the daily its not that obvious
Like most of the stocks APPL is no exception.
It has officially entered the new high volatility norm.
Volatile and choppy environments like the one we are right now are extremely hard to trade.
I would recommend looking at it in about 2 years from now when it has gathered some energy on the choppiness index and its ready to start its new rising phase.
This is not a trading idea .
This is just to inform all my friends out there , that you have to be really cautious for the next 2 years in the /ES.
The one indicator I chose to put on a 2M chart (2 monthly) is the choppiness index which does a pretty good job of recognizing trending vs non-trending markets.
Unfortunately for the bulls the party is officially...
But hang on in there.
We are probably going to the 2.3-2.4 level till the end of the year .
Then a bounce in January which will be a great short opportunity .
By this time next year copper will be trading below 2 .
Basically what we saw in copper the last 2+ years since 2016 was a huge topping pattern and the continuation of the bear market...
The rally that is coming ahead in crude oil will be the last chance for longs to liquidate their positions.
This market is in some serious trouble.
I put everything together in this chart (cycles , macd , RSI , squeeze etc) .
Crude has been making new all time highs along with cycles , however the macd and the rsi keep weakening.
Once the macd crosses the 0...
This is the monthly cycle analysis I have performed on Gold futures.
This data goes back to 1975.
I have identified all the major lows and I have created 7-year major cycles and 3.5 years mini cycles .
These cycles show me that an "expected" January rally in gold will be very weak and that gold will continue to fall after that into feb-march and testing the...
This is a compliment to my analysis for Gold.
As I said before , I will also post the monthly cycle analysis for both gold and the U.S dollar.
I see the dollar reaching quite easily the 116 level which is the 1.618 extension on the 2M monthly . Thats a super super bullish chart.
You can't make these things up . I mean you see primary bullish momentum on monthly...
For this analysis , I have used only the MACD , RSI , ttm_squeeze and some regression analysis.
In the next couple of days I will post a few extras that confirm this analysis as monthly cycle analysis of the gold chart and why I think gold is in big trouble for the next 2-3 years.
First of all let's start with a top down approach.
2M and Monthly charts look...
Ford is still negatively configured across the board.
Nothing positive still on the chart in terms of cyclical analysis.
Lows are violated and is now currently sitting at 38.2 fib. Rallies still should be sold.
If we experience a stock market bounce F might hit the 50% fib around 11.85 , i doubt it though.
Most likely it will return back to the $10 level....
I don't like the banks for the upcoming months.
BAC was doing alright all these months but once it broke the previous cycle low , and clearly violated support
it shows us that the positive force that was all this time pushing it up has now end and a new negative force will probably make it fall into the summer.
The early cycle low violation of the cycle is a...
Sucks it cost me 2k on the put spread I had bought
My minor cycles were totally off
The correct minor cycles exactly were predicting the move today and show it exactly as it happens now.
Big move to come though at mi/late June
We might get a higher high at this point due to previous all time high
but then retrace back to 23-28% fib and then rally again...
I don't like the pattern at all in RSX .
In a period where it supposed to be rising RSX broke the cycle low.
Likely , the decline will steepen into late August , Early Sep where we will potentially see by then a deficient rally and then a correction again going into next year.
Overall I don't like at all and I believe this cycle is in the early stages of a L-H...
Dow Transports did rally into the 0.50% fib.
The nature of the decline that is coming will be crucial .
If the Transports do not manage the following week to keep above the red VTL line and even worse they broke the cycle low at 10039 ,
then the decline will be steeper .
It all has to do with the correction that is coming.
If the correction is minor we would...
Same like the chart I posted before I would have put the projection of lowered prices in /PA the next couple of months
Resistance holding so far at the 0.50% fib level.
The cycle low violation and the newly formed expected negatively configured cycle (and possible L-H translation) indicates that we will see a lower low than 890's in the coming future .
/PA is in a bad shape at this point.
We had VTL Break , cycle low violation making lower lows and all it has achieved so far in this rally phase is rally sending it backs to the 38.2-50% fibs resistance levels.
We are creating a left-hand translation in this cycle , and it all projects to lower lows into July/August period.
It could potentially be forming a...
LULU so far has an immensely strong patter making new highs , however it's entering a corrective phase that we have to wait to see what it brings.
In a about a month from now LULU announces earnings so we definitely have to wait and see for that as well.
If LULU keeps strong and doesnt manage to break any significant supports like VTLs or cycle lows , and does...
Based on what i see in /HG copper futures ,
we have entered a corrective period going into July/August period.
We are in a crucial spot. If we break 2.9 to the downside then we officially break the cycle low and entering a negative phase.
If this corrective period manages to stay above that 2.9 then the cycle is still positively configured and we may expect...