I believe an incredible amount of volatility is preparing to enter the market akin to 1929 and 1987. These beliefs are my own and not to be interpreted as financial advice. I see a significant risk of inflation looking forward.
My updated chart shows the market entering an area rife with resistance. I believe a correction is in order to either the black or red...
Shorts have been decimated over the last 2 months.
Noone can predict what comes next but i am still holding short despite the pain. I did stop adding once i realized I probably started early.
The UVXY chart shows my thoughts. RSI breakout will be the signal as it has been in the past, target zone is labeled.
Big picture I think the market tops at some point in...
Everyone I see is long commodities. I believe the contrary will happen. An equities crash will cause selling in commodities to cover losses. Only after this will the threat of inflation become very real. I could very well be wrong but only time will tell. I believe a similar situation happened in the 08 financial crises which is why I have...
This chart shows wonderfully how major lines of support become resistance over time.
I have color coded this chart for ease. I suggest following each line and seeing how it acts as support, before is broken and subsequently acts as resistance. You can see the vast amount of resistance that is cluttered ahead.
You may notice this is the weekly time frame, and...
As promised, I am back and will be posting more often.
Some patterns here that cannot be ignored.
1. The cyclical nature of the market timing that occurs.
2. The "phases' that occur when the market is bearish.
3. The RSI similarities to the dot com bubble.
Tradingview doesnt provide enough historical data for my dot com bubble support line...
It feels good to be back. For those of you who know/remember, I used to be a fairly active member on WSB as ScarvesandSuspenders. I left because i took alot of harassment for my trade ideas (whether they worked or didn't). Took a long hiatus to re-evaluate how i would like to interact with the trading community.
In short, I am back (here)! Not returning...
So I should have posted my play beforehand but it worked well so I am pleased. I am going to summarize what it was and then move on to explain phase 2.
My play. It was obvious to me that vix was consolidating for a move up. I was waiting for breakout around 18 before buying. The pop to 25 was massive and i bought then with the target of 47. It worked like charm...