Oerhortbegovad

Oerhortbegovad Updated 

Last weeks map performed just as planned, however we're now seeing an inverted W on most charts and a up trend from here wouldn't be impsossible. Bitcoin crashing could however set a fear in the market and create an even further downside. Keep an eye out, if it passes trough the inverted W formation it will likely go further down. DJI - Has support at 33300,...

Oerhortbegovad Updated 

US Indices falls hard as CPI hits 11 year record high. NDX: Suggests 1-2% bounce to its 200 MA then continue its path downhill for support at around 12700/12300. SPX: Support at around 4050, if it goes trough next support is around 4000. (Had clear bearish divergence at top) DJI: Should bounce to resistance at around 50 MA, then continue its path down for...

Oerhortbegovad Updated 

SPX has had a weak few days fast week, we've had some good quarter reports but is it really enough to hold us up at current levels? I think not, and heres why. P/S versus subsequent returns is far far away from reality, Forward P/E is trying to go to mars, S&P % of Members Above 200D MA is peaking ATH, Margin debt for accounts at brokers/dealers are at extreme...

Oerhortbegovad Updated 

Divergence in 4h, should top out at 550-590 for a correction (or worse). A litle flat lined head and shoulders pattern may be in play as well.

Oerhortbegovad Updated 

SPX finally looking bit topped for this melt up.

Oerhortbegovad Updated 

The melt up we've all seen in SPX does actually "kind" of make sense, before most 10% corrections have happend in the last few years it has almost always had a melt up just before it fell in a rather brutal volatility, which i belive is what we're seeing here. STOCH RSI indicates to a final 1-2% push, MACD also has room for a final push. RSI is showing a broken...

Oerhortbegovad

SPX feels about done here, could stretch to 4000-4010 if it breaks trough the red top line but other then that... may tomorrow tell us.

Oerhortbegovad Updated 

Inverse head & shouolder pattern in NQ, it is important it dosen't break the 12800 barrier to pull it off. And depending on rates, it may set a double top around 14000. Keep your eyes up.

Oerhortbegovad

07/08 VS 21, looks pretty much indentical, and if there is something about charts it is that they almost always repeat themselves over and over again, we've seen it numerous times, and its how i myself even trade on a daily basis. Now you may be wondering why? Well let me tell you, chart patterns work by representing the market's supply and demand. This causes the...

Oerhortbegovad Updated 

As we may see in the chart, MACD is historically high even vs the IT bubble... We can also see MACD in daily is slowly going in a downtrend (just like it did in 07 untill it hit the absolute bottom in 08). RSI is showing a bearish divergence as it keeps going in a down trend while prices trend higher, this type of pattern can also be seen in 99/00, 07/08 &...

Oerhortbegovad

Melt up is here just like in 99/01, only question is for how long can it go on? I see in best case we go to 2300 (~7%), but you never know may as well end in disaster next week, or even blow pass 2300. Be careful out there, i'm starting to cut down on positions from here.

Oerhortbegovad Updated 

SPX in 4H seem to have found a new trend towards 4000P, but its tight and could quickly fall of at around 3985/3900 to create a "head and shoulder pattern" which is usually bearish. If it hits roof at open on monday im expecting another pullback to 3700 and best case it continues the trend up with a bottom at 3830. SPX in 1D seems to have hit the roof already,...

Oerhortbegovad

3800 Support broke, and next one up is 3640, and then 2000... Careful out there.

Oerhortbegovad

Nasdaq100 continues its fall down for support, -2,70% on the day, -7,70% from its ATH.

Oerhortbegovad Updated 

May see some resistance here at open today, if not, we continue to build towards the roof, RSI is on a down trend but still has room to brake trough. Note: Be careful towards end of day as Powell is having a speech, and either we'll see a melt up, or correction. Keep ur eyes open...

Oerhortbegovad

Is the year anniversary doomed to fail? Well it sure looks like it, I belive the next few days will certainly tell where tech is headed for the next few months. If it stays inside the yellow trend line it may have trouble at the next roof just like it did in november. Inflation may be another factor for pushing tech down, be careful people.

Oerhortbegovad

I dont think we're at the bottom just yet... should be another sell off in place to put us at atleast ~3800. Best case scenario is it follows the 3845 uptrend, but if it falls trough we should see ~3800 / MA50

Oerhortbegovad

Small correction at open, then back towards ~0% at end of day... Friday looking rather bullish unless it breaks trough 3900/3910 today.