It is breaking down intraday flags over and over on the 15m chart. Currently still in the descending channel. It can go to 243 at the bottom end of the channel. Under there is 240 and 236 as posted previously as KEY and SUPER key levels. Bulls DO NOT want this under 240 and especially under 236.
NVDA could not cross over that blue resistance line overhead. It was certainly close and I was excited to play it to the longside. Unfortunately, it tapped close to that level and dropped back down HUGELY. It is down 20 points since. It can go even lower from here unfortunately with levels 246 --> 243 --> 240 (key) --> 236.5~ (SUPER KEY). Below the last level...
Has chosen death. I was wanting to short at 270 if it got there today. It didn't. It's broken the ascending channel to the downside, and it is at a critical support here at the 260 level (psychological). Below is 258 --> 256/255 --> 253. Another break below 250 will be devastating and can fall back down to the low 200's imo. This is ahead of earnings though, so...
Where are we? We are almost at that KEY resistance of 4600. Of course there are the levels beneath such as 4570 --> 4580 --> 4590, etc.... I don't care about those as much. As I've posted previously with the charts, we are looking at the key 4600 range because this is where we unfortunately flipped short in January. There was a retest of this level and then we...
My goodness what a move today. Did not expect this big of a move intraday, especially in light of CPI data coming out tomorrow. Tomorrow is where things get tricky. Intraday, NVDA broke out of some huge patterns and even closed above the green ascending channel on the 15,30, 45m charts (good for playing intraday scalps). However, key resistance yet to be tested...
Currently in a range between 260/260.5 - 263. It has been respecting that 263/263.5 level as resistance for now, and is ranging between the levels above. A close above 260 would be constructive for a move higher imo, but would love to see some more basing for a decisive move higher. Previous levels posted for resistance above : 260 --> 263/263.5 --> 265/265.5...
NVDA broke the green channel previously posted and is blasting off. After 260, I don't have resistance til 263 --> 265.5 --> 268 --> final level of 270 (KEY). This 270 level is HUGE. This was the level that was broken as a key support and then turned into resistance (it was retested prior to a huge drop from < 270 down to the low 200's. If NVDA can blast past...
ES Broke this channel to the upside. It is going to meet key resistance points 4530 (high of February 4) 4550-4560 4580 The most important IMO is 4600. This is where the downside first broke through and retested, only to be flushed down further. I am not trading to the upside until 4600 is reclaimed and there is FIRM consolidation (maybe a few retests FROM the...
ES Breaking up this descending channel to the upside. This needs to hold with two closes above at the minimum. Otherwise, it's a fake breakout and bearish move. If it breaks and holds for two candles, I may look for a scalp long. Still don't trust this market to the upside in the intermediate term, as it seems like most of these moves upward are short covering rallies.
As posted previously, BABA is in this bear flag pattern. Previously, I was looking for BABA to break to the upside. However, it seems that it may go down even further. It is almost testing a KEY support level around the 110 mark. If it breaks to the downside, there is going to be HUGE trouble for BABA. Look for that 110 mark. A close below on the daily is...
ES is currently in a descending channel after it broke its previous pattern to the upside. It still has room below on the long term chart (blue line), but intermediate term is the green descending channel described above. If ES breaks the blue line to the downside, look out below. The green channel could very well stay intact until CPI data and even into next...
It's not out of the woods just yet. It broke out of a previous descending channel pattern, but the ascending microphone pattern is still intact (coming from the downside). It is short term in the green bull flag pattern, but would need a decisive move upwards. ER is just around the corner, but overall market isn't helping the case for NVDA at the moment. Looked...
ES currently in this descending channel (green) AS WELL as the bear flag pattern (blue). It has falsely broken out of both patterns, which is confirming my bear bias at the moment. We can be in for a world of hurt into February OPEX if bulls don't take charge over both patterns within the next two weeks. Right now, the trading range seems to very very wide, so...
It had previously broken out of the descending channel, but seems to right back in, which is not a good sign. Any fake breakout to the upside and going back into a bearish pattern is uber bearish imo. In conjunction, it is currently trading under the 9MA, and I have a simple rule: don't buy when under any MA indicator lol. Using the 30 minute rather than the 1...
ES Broke 4500 DECISIVELY. Instead of basing, it has shot straight up to 4550 and beyond. I fully expect to hit 4570 --> 4590/4600 and from there , that's the real test for whether or not the market will continue back onto ATH. This 4600 mark was the one that broke to the downside, was retested, and shot back down devastatingly to the earlier marks of < 4300 last...
This has been such a frustrating ticker to play I'm sure for most people. We're still in this bear pattern. And it wants to blow. I can feel it. It's just not ready yet. Updated level is 135 on the daily close. Then needs to consolidate and break up decisively to go back and fill the gap upwards. Mr. Market needs to cooperate too b/c China stonks have been...
The short term bearish broadening wedge broke up during AH today as well as the intermediate term descending channel with the move above 250 as mentioned in previous posts. Granted, this is AH movement. So we're hoping for follow through tomorrow during RTH. Resistance overhead at 258.5 > 260 > 262/263 > 265 > 270. 270 is the ALL Important number. The real...
Follow up to my NVDA Bear pattern post. It broke 270 on the daily. And it did what I warned it would do: FILL THE GAP DOWN to 231. It also surpassed that. Luckily, it was only temporary and it is now trading around 245-246 level with the close today. However, the pattern in the short and intermediate term is still bearish. It is in the pattern descending...