$UVXY looks primed for a move to the upside. Looks like a double bottom and a breakout bull flag may push this to 17 tomorrow, which will push the market a little further into the darkness temporarily. If this holds true then it will give more truth to our 432-428 target on the month for the $SPY.
**$SHOP** This one looks a little tricky but my heart and mind are calling it against the algo flow... Algos have $SHOP going long. I think the bull flag failed after the gap down and created bear flag with a green bar where everyone is getting caught up in. You can have a green bear flag. Then there is a head and shoulders inside the flag. I think we will rise...
**$NVDA** off the 4hr chart we are looking like another super banger. I will look to take position here after we pop in the am sometime 264.84... So if you have DT capabilities you can start with a quick scalp from the current position and grab this 4-5pt move. Then grab the some short action into a possible swing for one of those high percentage performers!...
BTC is not ready for the 100k move until it retest institutional buy in levels! Then they will buy more than any retail billionaire could ever. The decentralization is almost 100% over. It was fun while it lasted though!
As paper money inflates and loses value gold prices rise. CHART LEGEND: white dashed lines = bull/bear takeovers blue lines = call targets yellow lines = put targets red line = danger zone orange lines = trend lines green lines = safe zone any other lines add will be discussed with the ticker AMEX:GDX
Double bottom into a bull flag. We should see a little pullback then another break towards ATH. If that doesn't occur look for the stock to fall to the lower levels. CHART LEGEND: white dashed lines = bull/bear takeovers blue lines = call targets yellow lines = put targets red line = danger zone orange lines = trend lines green lines = safe zone any other lines...
Cup waiting to form handle. With that said I would look for upside to this gas & oil etf until April/May then we should see a dip into the handle into the summer. So in my opinion gas & oil prices rise until the summer and drop until August if this pattern holds true. CHART LEGEND: white dashed lines = bull/bear takeovers blue lines = call targets yellow lines =...
On the bigger picture I want to say this is an inverse head and shoulders. Pay attention for this to break further to the upside. With oil prices rising $BKR supplies rig companies with the equipment to operate. CHART LEGEND: white dashed lines = bull/bear takeovers blue lines = call targets yellow lines = put targets red line = danger zone orange lines = trend...
Rejected at the gap already. If we don't break into the grey area look for this stock to continue to pullback to the lower levels. CHART LEGEND: white dashed lines = bull/bear takeovers blue lines = call targets yellow lines = put targets red line = danger zone orange lines = trend lines green lines = safe zone any other lines add will be discussed with the...
Head and shoulders breaking down. Further downside coming. CHART LEGEND: white dashed lines = bull/bear takeovers blue lines = call targets yellow lines = put targets red line = danger zone orange lines = trend lines green lines = safe zone any other lines add will be discussed with the ticker NYSE:O
Cyber Security at its finest. With all the news of Russian cyber attacks look for smart money to be pushed in this direction. CHART LEGEND: white dashed lines = bull/bear takeovers blue lines = call targets yellow lines = put targets red line = danger zone orange lines = trend lines green lines = safe zone any other lines add will be discussed with the ticker ...
Marketing company. No comment follow the chart CHART LEGEND: white dashed lines = bull/bear takeovers blue lines = call targets yellow lines = put targets red line = danger zone orange lines = trend lines green lines = safe zone any other lines add will be discussed with the ticker NYSE:IPG
Not sure if this would be considered an elliot wave, but the spy has seen numerous h/s patterns executed on various time scales since this run up in 2020 i believe. this one here is actually on the daily timeframe and it is the right shoulder to the larger h/s on the weekly/monthly timeframe; the neckline on the monthly is the red line below. im not going over all...
If a handle forms out of this cup, this is my guess to how it will form. This is not a definite just an assumption since the overbought signal is in play on the RSI I'm looking for the pullback as it sets up again. Earnings is also coming up in a few weeks and I'm thinking it will do well with the recent Comcast deal and the fact that the virus is giving people...
Last week we saw pretty nice spike in $TM with the announcement of the shares buyback. I bet against it even though i had it targeted to reach $206, but with all the uncertainty in the market I thought it wouldn't make it. As it hit the peak of $213 we can see it formed a head and shoulders pattern which brought us back down into the 2nd gap of the original...
When this cup is finally finished playing out. The target for Viacom should be between $45-$47. Not sure where the handle comes in yet and I don't want to make any assumptions so we will wait on that. This is looking healthy despite the current market conditions in my opinion because with life being so hectic and the limit to outdoor activities... television may...
I want to believe from his weekly chart we should see some good gains until March then we should see the pullback we are all anticipating. I'm gonna say we will top out anywhere from the mid $480s to $500. Then we will see a 13%-30% dip (crash). If this is correct make some money and get out of the market for long plays cause its going down. But the bottom also...
Looks like the new Hef got breast! So thats some good news for the ladies right? And Im sure the fellas cant wait for the "centerfold" lol.... Right now we have a triangle forming and we are looking to get a little tighter before the breakout. When its ready Im thinking 47 to 50 should be our target.