History doesn’t repeat; it rhymes. I’m of the belief we will see a modern era “Great Depression.” If they actually call this the “Great Depression II” you’ll officially know all creativity in the world has been destroyed. I believe that GOLD will eventually hit 5,800 – 6,200 within 10 years. I believe the final impulse will happen in 2031. TL:DR 2023 will...
What follows is a high level analysis of the AMEX:SPY using the RD Trade System. Overview Since around March 29th 2023 the AMEX:SPY has been momentum and bias long the last RA check was on April 23rd and May 23rd both of those bias checks held up it's also maintained momentum throughout this whole time. There is no reason to short the market at any point...
Here’s what the RDTS is revealing for PLTR: Strategy 1: This move will most likely stall around 14-16 and spend 1-2 weeks in this range. From there it will roll over. Little tough to project where it will find “support” on the downside move. At this time we are preparing to start to DCA around 6-7. For it to get to this range momentum will have to shirt...
So as we look at the NDX not much has changed from last week. We'll start with the immediate today key zone. as I write this the futures market is just slightly above it. the most important thing is does this key zone hold up today? If that gets broke the key areas to watch is the previous week open right around 12,930. From there our next downside reaction...
NVDA has provided pretty clear bias and momentum signals. Hey, this isn't trade advice. The upside target is 270-280. This clicks with key 4D level as well as RDA projection zone (grey lines). I teach simplicity and I ask 2 questions: What Should Happen? Bias and momentum should hold on 4D and D charts Price should probably stall around 216 but...
The first concerning thing from the day timeframe from a LONG perspective is yesterday we have a triangle RD RSI signal and pattern that has formed. Unless answered by a green candle counter RSI signal (most likely on the slow momentum check) we'd expect 60m SHORT bias and momentum to hold. Weekly open within sight of being lost with 240 RDA as the next...
As we sit right now it looks like the NDX might gap on the open. I'll be live trading streaming this week so tune into that, also update idea as week unfolds. If we start on the upside the zone what we're watching is the August 2022 4D key level at 13,639. A reach for the market would be the 4D extreme zone between 13,900 and 14,100 or so. On the downside we...
Interesting setup here on COIN. My primary analysis was with the 4D, on that chart price as recaptured momentum and bias (the RDA). So I dropped down to the daily to verify the pattern is holding and if the signals cascade down. They did. Below is where I'll enter this trade, I might start on market open today regardless of if it gets to this zone. Scale is...
With TSLA falling off a cliff and approaching the 100 handle I thought I’d share what my trade system and methodology says from a TA perspective. TL:DR I really should put this section here, but I know most are lazy. 97 – key reaction area 79 – PAC key level 44 – this level or so is the first test of the inflection area and would mark 1st crisis test for...
On this chart are the reaction areas for the NQ, MNQ, NDX at least for the first part of the week. I wanted to release this before the Sunday open because it might help for the overnight session. All levels or areas have short descriptions. I published this on a 30m chart (structure) because it really provides a good mix between my standard intraday (5m)...
Obvious key reaction areas to watch. * one thing to note, the DAY chart is approaching the mixed 200 avg. So I'd expect a reaction around this zone of from 20,100 - 21,600 or so. From there, we have two obvious reaction areas that anybody who trades my highly effective trading system: 20,187 or so - 4D key reaction level. Follow the rules outlined when...
Here are the Bitcoin Momentum Long Downside Entry Areas I'm watching. On 05 JAN 2023 Bitcoin turned MOMENTUM Long. On 11 JAN 2023 the Day chart went from BIAS short to BIAS Long. This area and slightly above on the 4D chart would be the swing trade profit areas and the highest probable areas for entering a FADE Short position. The Entry Reaction Zones Note:...
AAPL is one of the equities I’m watching closely to start turning on strategic dollar cost average for multi-year LONG positions. I’ll update this idea as the story of the chart unfolds. Highlights: Multiple TA indicators from my trade system show 70-80 as the potential target for the current SHORT momentum move. On the way there, multiple signals show...
Real quick. If we see an impulse down I'm expecting the RexDog Average and the 50% of the lower value channel to hold up for "support". I don't expect this to hold long term but would fit my criteria for a swing or scalp if lower timeframe algo switches to momentum long. Simple there. Short down if you see it. Long at key levels or below key lows for upward...
I'll be doing something different this week. I figured I'd do a rolling analysis of Bitcoin as the price action unfolds. I'll do this by posting updated comments at key reaction points or as price action unfolds. Most of this price action will be on the 1HR timeframe. But I'll also cover key daily levels as well as some lower time frame analysis if it makes...
With the market sell off this week I'm looking to see if BTC impulses down 10-15% over the weekend. SO far on 60m that looks to be in the cards. We have the momentum indicators going algo short. We have a close below the Rex Dog Average (yellow). All this points to momentum short action and change in 1HR algo. As I write this 1HR is reacting off the 200ME/EMA...
So far the daily is still showing weakness. It looks like maybe there is a RDA test in the cards. Especially if the previous week open fails twice on lower time frame. RDA aligns well with level as well. I'm still looking for sub 100 SOL.
Few things to point out on current BTC value range. So far BTC is in a 42 day 13-15% range with an upper excess of 5%. This time in channel is above the typical 13-15% value range timeframe. Generally when BTC enters a range from the low it has a higher probability of ending the range with a break to the high of the range. If we measure the value range from...