Seems_Legit_Research

Seems_Legit_Research

Been trackin' this for a while so here's the cheat sheet. TLDR; we goin' lower unless some wild earning's get put out. 50 / 200 day EMAs crossed lower and RSI is teetering on the edge. Bounce is possible, but my money is literally on headin' south since that trend line retest failed.

Seems_Legit_Research

Before the earnings hit this chart was a visual representation of askin' your girl, or guy, where they wanna eat. "I don't knowww!", neither did Tesla chads until the post market release. RSI breakin' low does seem legit though. Watch it reverses and full sends for a gap fill because of how rational markets are right now.

Seems_Legit_Research

APPL (1D) - Quick Analysis Price Chart Apple's price action has filled it's August gap (White Dotted) and turned lower pushing past the 12, 26, and 50-day EMA's in one swoop. Both RSI and OBV have created trend lines (Yellow Solid) that the indicators look to be respecting with failed retest; as RSI is on the verge of pushing below the 50 level. What Seems...

Seems_Legit_Research

Salesforce Daily Price Action CRM is currently attempting a reversal from its uptrend that started back in December / January. The head and shoulders that is developing is rather obvious, however it should noted that the left shoulder had much higher volume than the head; showing lack of buyers willing to participate. The right shoulder does have rather...

Seems_Legit_Research

BTC Weekly Quick Analysis What Seems Legit? A move lower. Look bruv we gotta get honest here. We want a BTC Moonsoon too, but, BTC broke it's trend line lower on a clearly defined candle. It has retested and rejected the trend line with selling pressure; the candle hasn't closed but it's not looking good bruv. The RSI has a clear divergence from the price and...

Seems_Legit_Research

NASDAQ Daily *Note: This is an update to our previous analysis that will be linked below Price Chart The NDX is currently trading within an upward channel (Yellow Solids), and has recently tested the bottom trend line a fourth time; the more price retests it the weaker it becomes. This has also formed what could be the neckline (Teal / Red Solid) to a head...

Seems_Legit_Research Updated 

Gold Weekly Price Chart / RSI / Momentum The depth of the analysis for Gold will be a bit more dialed back from previous charts since this one is fairly straight forward. Wham. Bam. Get to the TLDR man, well, that would just be... don't buy Gold. The triple top pattern began in August 2020 and created it's final top in May being unable to push past the level...

Seems_Legit_Research

BTC.D (1D) *BTC dominance was chosen to review due to a high level of manipulation and erratic price movements in crypto* ALT SEASON?! well, no, now just hold your horses.. and probably your pants. USDT.D is showing strength at the same time (chart will follow) Price Chart Firstly and most notably is the recent break of the midpoint (Red Solid) of the...

Seems_Legit_Research Updated 

NASDAQ Daily Price Chart We have quite a bit going on here so, pitter patter lets get at 'er. First, we have our second fake out (Highlighted) on the major trend line (Yellow Solid) which is accompanied by less buying volume than the first. EMA's have not crossed yet however we have a solid close below the 50-day and a legit cross of the 12-day and 26-day...

Seems_Legit_Research Updated 

NASDAQ Weekly Price Chart After forming a double bottom in late 2022 the NASDAQ bounced and has melted up from its lows approximately 48% confirming that it was more than just a bear market rally. Most recently the NASDAQ has run into resistance (Light Red Box) and has descended roughly 3% past a minor trend line on the daily chart (not shown). Shorter term...

Seems_Legit_Research Updated 

SPX Daily Price Chart After the recent bounce of the level of resistance (Red Box) the SPX snapped it's first small level of resistance (Teal Dotted) and has continued lower. Price has also closed below the 50-day EMA while the 12-day and 26-day have recently crossed and the 50-day flattens out. The next level of support (First Green Box) should come into...

Seems_Legit_Research

30-Year Fixed Rate Mortgage Monthly Well I guess I'm glad my mother-in-law's basement isn't a total dungeon.. What's sunlight? I'm familiar with grass because that's eye level when I'm looking out our window. Big brother JP, the head of the Fed, says rates aren't going anywhere any time soon, and we've all heard the fear mongering of 8% mortgages coming. Why...

Seems_Legit_Research

META Daily Price Chart META has been in a relatively straight uptrend since bottoming out in November of 2022 but has recently just touched a level of high resistance with increased selling volume. This rally has come with the three gaps theory (Highlighted White) beginning with the breakaway gap in February 2022 and ending with the exhaustion gap back in...

Seems_Legit_Research

Looks as if a double top has formed after the recent melt up and a secondary trendline has been broken (solid yellow). Used RSI and OBV here to show the deviation from the price action solid red). The current trendline of the RSI has broken down and has bounced lower off the 50 level while the OBV sits right on it's current trendline. Price action has seemingly...