Sorry guys, I should have posted when I dropped my money in here last week. I'm in @$5.13, already popped 50% here but likely just small FOMO bump. Will hold long, too early to lock profits. Hard to read this guy so far but indicators are pointing to some retracement here. I'm looking to double down around $6 again but this could just take off too with enough...
Not much to update, touched up the new support channel zones for reference. The darkest hour is just before sunrise!
It's freaking LG man, this company is fundamentally very strong, they were just making capital investments in their restructuring from LCD to OLED so profits dried up. Similar like TSLA last summer. There's some risk the new OLED business won't work out too well but the brand here is super strong, product is good quality and I'm confident they can figure it...
Alright guys another successful day! But wait... SPX set new highs!? AHHH time to meltdown and unload everything! Not exactly. New SPX highs should be followed by new VIX lows and ESPECIALLY 2x TVIX lows in a proper bull market. This has yet to retest May 12th low and is sitting halfway between two major supports and just under the diagonal support and within...
Haters already comin outta the woodwork! That means we're on to something guys B). Apparently setting a new high by a few points is proof that this market is about to sky rocket and all the bears are big, poor losers... oh poor me :(. Very interesting data point we have there. Lets see how the hopes and dreams investing strategy works out for ya lol. Living...
Price got caught exactly at my predicted resistance with the wick just popping above. Tomorrow is big decision day and there's just not enough supporting data to decide to go up. Let's see what Big Money and the Fed can pull out of their asses. They were hoping to spark a final FOMO rally by now but Retail is too exhausted and motherf%*king riots man, holy shit,...
I expanded the kill zone a bit here guys, nailing the swing up was always a bit overly optimistic :). 2nd bar today kissed the top horizontal support channel and held above the bottom diagonal support channel. Still right on track. Fundamentals vs the Fed, lets see who wins. The indicators are betting on fundamentals coming out on top.
Got a tip that led me here: squeezemetrics.com Then had some fun playing with lines: ibb.co I don't put too much weight in any given strategy, preferring to average them all against fundamentals but holy shit was I surprised when after diving in from scratch to map the empty chart, it actually turned into a terrifying, accelerating and rising wave that's looking...
I can't lay off this damn SPX man. Here's my drop map for June/July. I'll think we'll touch 2100 before July end if not blow through it a bit, def by August end. There's not enough momentum to keep this afloat much longer.
No trend updates, here, original idea holding up pretty good. Lets see how it plays out. Bit surprised CGC couldn't bring anything to the game for earnings, they really are a fundamentally strong company, but here's what happened if you're curious. The ACB earnings FOMO pop pushed the entire market from great value to poor value in one week. Every buy above $17...
I guess lets wait for next week and see if I'm right. So far I had expected it to raise a lot higher by now. I think by ramp projection is a week or two early maybe but I still think we've seen the bottom until we cross the red-line at this point. Not much to do but wait. I'm loaded, plenty of room if it spikes to 3200 too. Probably worst case before crash, if...
Walking right into the kill zone. POC should pull the price up along with this news cycle turmoil for the next couple weeks (starting tomorrow guys!). Here's the treasure map:
MACD looking to flip. ADX looking to flip. DPO very high. RSI as VPT screaming sell. RSI and RVI screaming sell. SMAs weighing heavy on market and indicating a sell. POC under price and signaling sell. Really hard to make any kind of bull case from technicals here. This is my last rundown on SPX before the creash probably (will start tomorrow and continue...
Earnings is tomorrow and unfortunately the price didn't slide as much as I had hoped. It recently broke and held above it's current upward channel and overall the cannabis sector should continue it's long term slide trajectory into summer, very high sector gravity, which is why it's locally overpriced. Also all indicators are leaning toward sell right now so...
Checkout that upward support trend from May 12th low. That is particularly interesting given the nature of the TVIX to constantly fall lower. Lookout for ADX crossing the DPO, better the divergence the stronger the trend. Also lookout for RVI crossing and holding just above RSI, could be a leading indicator here of upward movement. Those indicators are really...
Nothing to prove. Just callin it. VPT as RSI rarely bounces back and forth above and below the dashed lines so many times so quickly. Something is definitely brewin!
I've been running my mouth all over on here about a market crash so only right that I put my money where my mouth is. Here's my angle, lets see how it goes :). TVIX at great value right now (anything under $200 really) given the decimated fundamentals and extreme uncertainty. Looking to exit $400-$800 range within one month on crash depending on severity. Lets...