Modus777

Modus777

Gap fill move above, looking for a quick swing trade.

Modus777

Above the daily green cloud, looking for a move higher. Simple continuation setup for a day trade or weekly.

Modus777

Stuck between a range, looking for relative strength to move higher on the weekly. Conversion like crossover with a decent green cloud ahead, could signal a cool move.

Modus777

The conversion line crossover might not be a strong indicator in this case since the ichimoku cloud still shows big strength on the weekly movement as well as the lagging line showing bullish signs. I would love a break above that pink line and to hold, or a potential lower volume (as it currently appears to be the case) flag for a big move to the upside.

Modus777

Looking at another push this week higher for Wayfair, although I do expect this weekly formation to turn into a cup and handle before it breaks out even higher.

Modus777

Setting in a correction towards the .618, looking for a bottom there before it puts in another corrective wave C

Modus777

"Canadian Pacific and Kansas City Southern Agree to Combine to Create the First U.S.-Mexico-Canada Rail Network" read yesterday's news. I expect further continuation to this movement higher. Wave 2 was put in after an A-B-C correction right at the 50% fib retracement. Increased volume last Friday possibly anticipating the news.

Modus777

One of the most technically pleasing charts that I've seen, with a wave 2 and 4 on .618 retracements and on track to hit the 2.618 fib level as a wave 5. Long term this whole sector is going to explode, and although I added a position on an already extended position, uranium spot price added 21% year to date to it's value.

Modus777

Algos have this pinned right at that conversion line and 8 Daily EMA. Flirting with overbought RSI, it has made a steady climb up to higher highs. I've set 160 as a psychological level to break, but the way it has been moving, it could move much higher. $XLF looks strong as well, indication higher highs for the entire financial sector. Targets should be short...

Modus777

Bullish flows all week pushed GM past ATH today with strong volume. For short term targets I have set the previous wave 4 as my fib lvl 0 and nearest previous high as 100. I'll be using the 1.618 as my first target. My second target is the 1.618 from the trend it broke out from. Any pullback from 60 should be bought until EMAs show otherwise.

Modus777

Chart looks very similar to $XLF, reaching the 1.618% Fib and extending further into a final push to the upside. I expect a pullback once volume dries out in these financial stocks.

Modus777

Great bullish crosses across the board that should indicate more upside and a daily breakout really soon.

Modus777

Simple plan for tomorrow, looking for a breakout above 155. RSI is still peaking towards the upside and MACD is about to cross again on the daily.

Modus777

Ascending channel has broadened the last few days. 2 Important catalysts tomorrow that could move this index. Fully expect more volatility. I would love to see it reach the .382 fib. Notice how the .618 didn't hold after 3 days. Look to AAPL to confirm the move to the upside.

Modus777

NYSE:CCIV Looks bearish on lower timeframes. The daily trend hangs in the balance of how this week works out. Either price bounces from strong support in the 20s, or accumulation will take this lower. If wave 2 of another move higher is in, then we should see this play out higher in the next few weeks.

Modus777

Those two anchored VWAPs are telling us many things. Supply acting like a magnet now that a 5 wave to the upside has been completed and we've begun a retrace from that. Last week's tick touched the golden ratio at .618. On the daily, the candle looks more like a hammer. The weekly could do with another bullish set of days to clear the short term cloud EMA and use...

Modus777

If we take Sept 8th as our lows and Jan 25th as our highs, we can see a decent bullish candle on the daily Friday 5th. Supply met demand that day and we might see a new trend from now on. We either continue down to meet that .23 retrace level on we bounce upwards from here. Notice the volume last Friday as well, that should be a bullish indicator if these levels hold.

Modus777

CCIV showed promising strength and consolidation despite the market downturn last week. On Friday, when stocks were either red or flat, CCIV managed to print higher lows off of this 5 wave correction. Call to put ratio volume was incredibly bullish at option strikes 31c and above last Friday 2/26/21. This entire setup will be invalidated if CCIV goes under 26.68