Sacyourking

Sacyourking

Of course this is a leveraged ETF, but the underlying indexes, SPX, and futures, /es both look the same. The context is as follows: I looked for previous years where the S&P500 had a large drop, and then formed a flat top wedge over the coming months. I found 3 instances that you can see annotated in the charts. If you examine these formations you will see that...

Sacyourking

Heres a monthly candlestick chart with a few long term trend lines and prior support lines all converging at a much lower point. Will new market leaders emerge? Are Prior market darlings on the way out? stay tuned and keep your spidey senses alert.

Sacyourking

Here is a quarterly candlestick chart of the s and p since 1960. You can see some real bear markets in the 70's and late 90's where stock valuations were cut in half. Are we entering another lost decade? You can see that both bear markets I identified have been categorized by megaphone, or broadening formations. Will we see the 2008 lows taken out? Stay...

Sacyourking Updated 

i waved my magic wand, said a few magic words and wholah! lets see how this fibonacchi based price predition works .....

Sacyourking

I'm testing out using fibonachi retracements in a predictive way. Let's see if the SPY can get down to a full retracement level at 4019. As of tonight it's holding at 4136. 4090 is the next retracement level 4017 is a full retracement. If it drops below that I think this uptrend is D..O..N..E..

Sacyourking

going to 39.9 As you can see this corresponds to a major point of prior support, and the .618 fib level.

Sacyourking

2,3,4 are nice whole numbers that have proven to be stopping points for the Major US Index during the bull run of the last 10 years. Lets see if they prove to be support levels on the way down.

Sacyourking

I'm not an expert here, but this level of bond yields has not been breached to the upside since 2018, and before that 2011. look at the lovely way the Fibonacci levels hit every pullback in the recent rise and culminate precisely here at 2.95% If we do continue to the upside, the last level of support, which would now become resistance is marked at...

Sacyourking

SPY short term up to 456 Volativity down to 15... then reversal Volativity SHOULD go up during earnings April 15-May15, but I bet it will screw with our heads and go down short term.

Sacyourking

No one cares anymore, just keep putting money in the market It'll go down, then go back up if you wait long enough unless everything is broken and money becomes worthless.

Sacyourking

Fundamentals don't matter, people have money people have jobs war in ukraine is as bad as it gets inflation doesn't matter people want to make money in the stock market here we go... up up and away

Sacyourking Updated 

Is the correction over now that we have certainty of 7 rate hikes? We sure got a record bounce last week, I'd be inclined to short this bounce at the .382 fib retracement which corresponds to some prior levels. Nothing has really changed, There's still a war, Fed is removing liquidity, Inflation is bonkers, but who cares?! Where else are we gonna put our money?...

Sacyourking

Since we're now below the 200 MA and re-confirmed the prior resistance levels we are looking to create a new range. The Market is full of fear right now, Rate hikes, emergency FED meetings, fears of a war in Ukraine, Long term fears of stagflation, or recession. When you see the solid companies in this sector (NVDA, AMD) getting hit you know people are selling...

Sacyourking

Just based off a 10 period smoothed heiken ashi indicator on the weekly timeframe and the slow stochastic, we are seeing the begining of a possible trend change in most cryptos, including Etherium. Wait for the Heiken Ashi candles to go green with a weekly close above the band, and the stochastics above 80 to confirm this trend change. I've marked on the chart...

Sacyourking

based on the VIX retreat from it's highs, and the bounce of SOXL off it's 50% fib retreat level, I predict a bounce back to 45+- in the next 2 weeks or so. Of course watch the SPX and SOX and SMH for more relevant fib levels. If this bounce materializes just remember it is simply a bounce in a downtrend. Sell the rips hard. Up 25% then down again.

Sacyourking

We should get a bounce at the first fib 47+- Second fib is 38+- A 1 percent rise in bond yields is approximately 10% drop in the SPY or NDX If you think we'll see 4 rate hikes this year that would be 2% rise in yields, or 20% drop in SPX

Sacyourking Updated 

We all know you cannot predict the market, but here's my opinion for this Semiconductor ETF by February 1, 2022. I base this prediction on the continued exodus from risk assets because of the likely FOUR rate hikes this year. I see NO support levels between our current price and the prior highs of 45+- There are two trend lines that would intersect at this...

Sacyourking

I don't want to provide a prediction, sorry for the click bait title. I have found that a logarithmic 12hour chart of ETH/USD stays inside the 400 period bollinger bands very nicely and always rides the top of the band in a bull run, bounces off the 400 period ma, and only dips below the ma when it's headed for the bottom of the band. IE bearish territory. It's...