MoneyPatterns

MoneyPatterns

Price stopped right at the bottom of the Gaussian Channel. Hmmm....funny how that happens. This is the Loading Zone people. Buy this dip! We might hang around here for a few days but anything $8100 or less and you will thank me later. I have a feeling that SP500 and most equities are going to have a pullback right around same time BTC runs up.....Merry Christmas...

MoneyPatterns

Posted in conjunction with my other chart "QQQ - Outter Space -Can DJIA, SPY, and QQQ all be ready to fail?" Daily view shows pattern is at short term failure. Longer term pattern failure, of ascending wedge, looks to come around May 2020. Need to watch this after next correction to see if pattern failure occurs. I feel we will rebound into next year with a major...

MoneyPatterns

Let's forget the ticker and look at the chart. The pattern is visible and suggests we are running toward the end. At the end of the pattern, we see failure and price downtrend. What I find alarming is that SPY, GOOG (GOOGL), SMH, and QQQ all look at the same spot. VIX (VIXY) is all time lows. Something is going to happen swinging things in the other direction. ...

MoneyPatterns

GOOGL (or GOOG) are setup to fail. RSI is overbought. Pattern is clearly visible and reaching failure point. Pattern failure imminent is confirmed by RSI, MACD ready to flip, and price overbought. Gaps to fill below. Everything is pointing down on this chart. January 2020 looks like the end of the road up for GOOGL. I will be re-evaluating this chart at end of...

MoneyPatterns

Pink channel shows multiple points of contact. Channel is exhausted. Blue wedge shows long term pattern, ascending wedge, which is also exhausted. We are RSI overbought, price overbought, and unknown economic and world issues going into holidays. We should see a 7% correction or more here in my opinion. Although the top of the pink channel appears to be hanging...

MoneyPatterns

Some people wanted another chart for a similar symbol (TVIX vs VIXY). Not everyone can trade same ticker. Not trying to duplicate my last post. So....this is for the hommies LOL RSI getting to all time low - about to turn BULLISH. Same pattern as the VIXY chart - confirmation that we will see VIX increase. Happy Holiday$ :) Bannana pattern ends around...

MoneyPatterns

To be clear, I will always be long DJIA (meaning a 10 year plus horizon). I am short and medium term bearish, so I listed this chart as Neutral. Draw your own conclusions. Given the current position in the DJIA uptrend, current economic events, political evnts, and other world issues, I see limited upside left. The chart shows DJIA uptrend is consistently stable...

MoneyPatterns Updated 

Follow up to chart - DJIA - "Dow Jones Overbought, President Race 2021, Bitcoin" DJIA looks primed for a pullback anytime now. If we get a pullback, with the current global and domestic fiscal uncertainty, with Bitcoin halving....we may see a decent run up. I also recommend Gold in both physical and stock, shorting SPY or buying Puts, and shorting/puts on other...

MoneyPatterns

Based on my technical analysis we are in a loading zone until December 1st or price crosses Gaussian Channel midline. I consider anywhere from $7900 to $8600 an excellent long entry point. If RSI goes to anywhere around 30 on the Daily, this is a excellent buy point given our current price. The farther price gets away from Gaussian Channel midline, the stronger it...

MoneyPatterns

Short-Term DJIA is overbought with RSI over 75. On the Daily, we are going to see a correction in the next 4 weeks. RSI over 80 or greater and we will have a decent correction in my opinion (RSI 80+ is like December 2018 selloff). Long-Term From where price meets white line resistance in December 2018, we use same 427 Day Period. 427 from current price brings...

MoneyPatterns Updated 

We are setup to fail on SPY. Overbought RSI, consecutive ATH's...but we have more room to run. $319 seems to be ultimate top before we are in the RSI 90+ zone. We can look to enter positions for Puts or shorts with 30 day time horizon once RSI breaks trend. Once RSI breaks trend, price can lag so account for possible time when purchasing options. Thank you for...

MoneyPatterns

I have heard this pattern be called a "shoe" or a "bannana". Downward straight trendline with curved supporting line (more than 3 points of contact). Pattern repeats in VIXY chart as seen. Bullish reversal is short 7-10 days. We are currently in the bottom of the bannana, ready to breakout. RSI shows wedge pattern as well, indicating breakout in RSI. We are...

MoneyPatterns

Price target was raised on AAPL right as RSI is topped out and price trend is ending. Price trend is currently over 45-degree angle (unsustainable). Previous price trend shows same pattern, followed by 29 day and 79 day downtrend. All red boxes are unfilled gaps in price which should get filled. I believe we may retest the 200SMA. Buying puts 30-60 days out is...

MoneyPatterns

Do you see the repeating pattern??? What I see - So this is the Outter Space view where we see this massive wedge building since 2007. By August 2021 we are either going to go off the roadmap or there will be an epic meltdown. My guess is that $13 Trillion in sovereign debt and QE will eventually be the karma for the meltdown. Let me know what you think or what...

MoneyPatterns

From the "Same Chart Different Day" Series I've been posting. RSI stability from past charts holding from 11/8 until present (11/13 today). Despite lack of volume and sideways price movement, we see stability in price and RSI. To me, this indicates a turn or bigger move coming. BTC only trades sideways for long. Either whales are propping this up for a dump...

MoneyPatterns

RSI looks to be breaking down but price is NOT following. To me, this means sideways movement or short-term bear trap. Using recent fractal we see same RSI fakeout, sideways movement for a week or so, then breakdown. When price starts flattening out toward multi-year WHITE resistance line, I will re-evaluate entry and post update. I posted this chart as Neutral,...

MoneyPatterns

The longer VIXY is held down, the stronger it generally pops. Good hedge against SPY downturn. Use dollar cost average to pick up a few shares every day or every other day. These turn great profits in short time. Options are also cheap. I recommend monthly's here which give you time for either a pop or a slow 7-10 day run up (plus extra time). I am a buyer of...

MoneyPatterns

Small position here for me. Watching for pattern turn right around Christmas. SPY / SPX pullback during the same period should indicate risk-on for GDX with bullish trend. Options are cheap and so is stock. Small position size until we see bullish confirmation helps to reduce risk. I suggest using stop losses. I do not personally because I feel they telegraph...