PipMiesterStronger

PipMiesterStronger

Quick update- We were looking for a bounce. We got it. I was leaning toward the massive confluence at the 251-252 area. It looks like the price may have run out of steam before it could make it there. 1. Massive Volume on yesterdays close brands that candle as a top, It could be broken but would need lot of market participation to do so. 2. We are...

PipMiesterStronger

So we got the bounce we were looking for, right in the 230 area that I had been talking about. So far so good. Let's see if we can get an idea as to where this market will top out for its final exhaustive push-up. Where would be an area where many people who got caught would love to take the loss for the peace of mind of not being in this market? Where will the...

PipMiesterStronger Updated 

For Educational Purposes only: I have closed some shorts at today's lows, and will be looking to close more from whatever fade we get from here. Our Stochastics are overbought on the smaller time frames (5-45 minute Tf's) This hints to me that there will another down move before price stabilizes, and attempts its bounce. I will be waiting for them to reach the...

PipMiesterStronger

We are taking a minute to ONLY look at the RSI HM, a picture is worth a thousand words. We see that the RSI has had a very prominent horizontal area that has been supported for a long time. We have clearly broken that on the RSI support. Any other time in history that these supports were broken they were an early indication of a bear market crash to follow. ...

PipMiesterStronger Updated 

We are aggressively approaching our 200 week moving averages. Throughout this bear market / crash I will be watching very closely certain key levels to close trades out and to allow the price to firm up and then re-enter shorts after whatever bounce has occurred. There is no way to know for sure that a bounce will happen at any given level but whenever you have...

PipMiesterStronger

Day Traders Only. This is a 15 min chart and is helpful for very active traders. Explinations on the chart. Once again, we are still in a strong impulisve move and price will not stop until we get to the 230 area where we have confluence of support and 200 MA and 200 EMA which will also provide buy pressure for a bounce and consolidation. Great time to get...

PipMiesterStronger Updated 

Sorry I didn't get a video out today.. got a little busy with stuff. Descending broadening wedge. Be careful of a breakout to the upside. We had an inverse head and shoulders as well but it failed its upside breakout. Because of the Bearish price action and the fact that we have broken our larger patterns with measured moves to 230 I do expect the price to get...

09:03

PipMiesterStronger

This could get ugly.

10:20

PipMiesterStronger

Enjoy this summary of the stock market madness

10:14

PipMiesterStronger

I go over the moving averages this time; as well as, looking at some Historic Chart situations leading up to the crash of 2008. We touch some correlations of BTC and the stocks. Sneak Peak of my BTC long term chart. Enjoy,

10:14

PipMiesterStronger

Please enjoy, a little thrown together but I wanted to get this out there.

PipMiesterStronger

Looking good so far if you're shorting this beast. We have a very clear cut bear flag consolidation that makes trading very easy. It hasn't broken yet but when it does " LOOK OUT BELOW " Its measured move takes us to 230 on the SPY. Although 240 will provide some bounce as it has nice support on the left side of the chart. If 263 breaks then that we should...

PipMiesterStronger

These markets were made to move! As discussed in my previous analysis from Septemeber we have massive bearish diveregence in the RSI on our legacy markets. Elections helped give us a reason for uncertainity but politics will not ever Trump the Charts. They will simply fulfill them. The chart is King and news and events will often confirm what the chart had...

PipMiesterStronger

We are still living within our larger Flag type consolidation... During this consolidation time, there's going to be volatility and much more difficulty in determining short-term direction. Bottom Line: I hypothesize that price will go down from here and test our support again at the purple flag support which also is in confluence with the monthly 21 exp...

PipMiesterStronger

I would be looking for an entry shorting to our support at the brown line/ testing lows from Oct 11 If we break our current purple bear flag. 1.7% profit potential. If we counter trendline break up for another retest of resistance then I will wait. We have been hovering around our daily 200 MA which is coming in right where price is currently. So, if we break...

PipMiesterStronger

We had found support at a parallel line from a respective channel that was seen by connecting highs on March 5 and Sept 17. Using that same lane's slope we created an identical one for the lower parallel. Since forming a short-term bottom there we have retraced up to the .382 and found resistance at that level and are making our way down. This could be seen...

PipMiesterStronger

Fundamental Score 34 It had been in an ascending channel for a long time but recently has been having difficulties producing higher highs. Our last was its first lower high. Its sitting on weak support currently as most things are. This will be a good one to short as well. Bearish divergence. And the Stoch is turning over and crossing at the mid point.

PipMiesterStronger

Fundamental score of 30 I just love that formation and CLEAR PRECISE trendline. It will get broken soon and fall alot. GL