Volume has been increasing to the downside for the past 3 sessions: Bearish, Bears have been in control.
While we could easily see more selling pressure, I think we could get some sort of relief rally.
Both the stochastic and the cci are showing higher lows - within April - while the stock makes lower lows: Bullish, Positive Divergence.
We also have a pretty...
Very high chance of this gap - at $165 - filling to the downside.
It's just a matter of when - not if.
Very possible that we see zig-zagging A B C D patterns to the downside before it fills - I don't think we will waterfall down to that level.
This price forecast is purely based on technical analysis of the current setup.
I guess people are drinking a lot?
We've had an extremely long stretch of green - which is a stale green light - 11 days in a row of green & 6 weeks straight of green - that hasn't happened since 2017 - it looks like the stock is trying to breakout on the weekly chart, but it looks...
Here is a guaranteed play for you guys: CBOE:VIX gap fill to the downside, suggesting a rally in the S&P 500 / Nasdaq 100 . . . I don't know how long the rally will last, but I would bet my life on the fact that this gap fills.
Stock gaps will generally fill 80% of the time, and then we will see prices reverse 80% of the time after the gap is filled.
As you can see, this is a monthly view of the SPDR S&P 500 index - ticker symbol $SPY - on a monthly basis.
We have just closed Q1, 2022 with a truly epic rally: $AAPL had its best stretch since 2003, and a series of hot stocks ($AMZN, $GOOGL, $TSLA, $GME) have either confirmed stock split plans or have mentioned the serious possibilities of it.
We have closed...
I created this channel back in the beginning of January, and have simply extended the lines — the stock is trading near the top of the channel and has stayed within it all year.
I see an open gap at $230.38, which lines up with the role reversal resistance areas from August & October of 2021 — that gap will act as a price magnet, until it is filled.
I can see a...
Despite the fact that the head is a bit bludgeoned, there is a very large bearish head and shoulders below $106.50 — potential target down at $82.50...
Interesting technical setup, not sure if the fundamentals will supersede the technicals or vice versa.
Bullish oil is catastrophic for the US economy, and it would make sense for this pattern to fail.
Time will tell.
Very large scale bearish cup and handle, triggering below $156
We've just had another bearish cup & handle from late January into early February complete, so let's see if the market pushes to complete this next one.
We can either go lower to fill that open gap right off the bat...
We're going to go a bit higher to form the second shoulder, creating the H&S with a downside target of $193...
Either way, that gap is filling — not sure if it will today, but likely for next week and for certain before March's 3rd Friday.
The StochasticSlow is looking overbought, and the...
I bought puts on RBLX before the bell yesterday because my friend asked me to chart it up in the last second.
I think we have the potential to go much lower.
On the 1hr bars there is a "high heel" bearish pattern that would be active below support at 59.60 with $8 downside potential...
We also have formed a bearish "h" on the daily chart, which I'm showing in...
Hello folks, I just posted a VIX trade idea about 7 minutes ago.
The VIX has since gapped down, creating an even greater magnet to the upside — as far as I'm concerned.
I will load up on more puts if the market is green today.
Hello everybody, thanks for reading my posts.
I have another idea for you...
The VIX will go back to $28.33 — I am so sure of it.
Spy puts will work too, because VIX is an inverse.
WHEN THE VIX GOES UP, THE MARKET GOES DOWN....
I posted an idea for going BULLISH & LONG the VIX on February 9th, 2022
There is an open gap below the market down at $137, so I'll be throwing some dough at a 135 put that expires in April.
This is very out of the money and a yolo with high risk but high reward if the stock falls a good amount.
Tesla has been sitting under a very strong role reversal gap fill resistance area for quite some time now.
We keep seeing this negative divergence between price action and volume as well.
I think the likelihood of a breakout above the area is slim because of my views on the broader market.
Options traders should give themselves time with this one and roll your...