TheSwinger

TheSwinger

On the 15-minute time frame there is a potential Inverted Shoulder-Head-Shoulder forming on the SPX. The height of the pattern is around 40 points to be conservative. If the neck line is broken, I would reasonably expect SPX to move to the 2780-2790 target area by Friday, July 6 2018. This would be retesting the bottom rising trend line in the rising wedge pattern...

TheSwinger

SPX Based on the Elliot Wave counts, this could be a potential bearish interpretation for 07/14/2017. If this count is true (subject to possible interpretation error in wave 3 subwave iii being the shortest, which violates EW theory), I'd expect to move down to the end of wave 4. Of course, any good news/catalyst can send this market higher. At the open, I am...

TheSwinger Updated 

SPX It looks like the Bearish Bat Pattern (with AB=CD type) has already completed, but there could be a chance for a slight gap up at the open to the ~2429 area on 07/12/2017. This may allow for a shorting opportunity. Since trading view only allows to post charts at a minimum using the 15-minute time frame, please have a look at the image below to show some...

TheSwinger Updated 

Idea ---> LONG SPX then SHORT SPX SPX At this point, it is pretty clear that the market is in a downtrend. It is likely being supported by the "Buy the Dip" traders. You can see the parallel downtrend channel if you observe further to the left in the time line. My hypothesis is that we will have a bullish day on 07/07/2017 due to the Bullish Bat Pattern...

TheSwinger

SPX This idea will probably not play out, but at the very least something to consider for the 06/30/2017 trading session. A potential bat pattern forming. Not much of the pattern has formed, but point B in the structure (about 0.50XA) is almost perfectly placed. I have two propositions to make for the morning opening call and if it succeeds, a potential shorting...

TheSwinger Updated 

TVC:SPX INDEX:SPX A potential bullish Cypher pattern was spotted. There are 3 major support areas: 2322, 2334, 2336. The most likely candidates are 2334 and 2336. A retest of 2322 is also possible if the panic continues from April 5th's trading session, which saw a 28-point decline just after 2pm due to the FOMC Minutes release. A strong throwback below 2322 is...

TheSwinger

TVC:SPX INDEX:SPX A potential bullish Shark pattern may occur. Please see my previous post on the Cypher pattern for objectives. Both patterns seem to be converging within proximity of each other. The Shark's completion area is around 2328, closer to the major support of 2322.

TheSwinger Updated 

TVC:SPX It looks like an ending diagonal is near completion. If there is a small move up into the 2371-2373 zone in the first hour of trading, then it may be a neat short opportunity. Aggressive buying due to favourable economic data will invalidate this setup. Use common Fib. ratios and potential support areas for profit levels. Beyond 2376 is a good candidate...

TheSwinger Updated 

TVC:SPX Potential Cypher Pattern may occur. Target date is about Wednesday, March 29th @ 1:30PM EST. It is improbable that this will happen, but something to consider. Entry is around 2368-2372 zone. Stop loss is at about 2376. You can use common Fib. ratios as profit objectives. This retest could be to confirm a rejection of the near-highs or the market may be...

TheSwinger Updated 

INDEX:SPX TVC:SPX I see a potential bullish butterfly pattern setup. I feel this setup isn't as strong as the bat pattern that I saw earlier. However, I will still consider it as the ratios align with each other to within about 8 points (see shaded purple ellipse). The shaded purple ellipse represents a Potential Reversal Zone (PRZ) , which gives us an area for...

TheSwinger Updated 

TVC:GOLD Inverted-SHS pattern spotted on the daily time frame. It just broke out tonight. Potential target is in the 1370-1380 zone. If there is a throwback after this break out, then that will definitely change the target zone or may invalidate the trading strategy. Consider the diagram for a potential stop loss area/region. For now, it may be time to make a...

TheSwinger Updated 

NYSE:AUY For now, the trend is down for Yamana Gold. Until the break out above occurs in conjunction with increased prices for TVC:GOLD futures, then we could be looking at a long-term bull market for Yamana. Current support for NYSE:AUY is at $2.46. Major support is in the $1.40s. We could see $1.40s again (maybe in May/June) if for some reason gold slumps...

TheSwinger Updated 

NASDAQ:NVDA A potentially very bearish move may be coming for NVidia. There is a double negative divergence occurring for both volume and relative strength indicators. Could the $120 area be a triple top? Only time will tell. If the $120 area is retested, then either go short or buy puts for a time frame you think would allow for this trade thesis to play out...

TheSwinger Updated 

TVC:SPX INDEX:SPX Bearish Bat pattern setup plus waiting for a break down on the uptrend. BTO 2390P or 2395P on Friday, March 17th or Monday, March 20th. It's pretty close to an RSI BAMM setup, albeit some market noise in the middle RSI section. Wait for RSI to exceed 70 and then drop below it for a signal. Enter when SPX is about 2395. Stop loss when SPX...