UnselfishStops

UnselfishStops

SPX ranging in a similar way to 2008 recovery (not to scale). It would be stupid to think we will copy this pattern like for like but I think we'll be in this channel for the next 1-2 months... too many people, hooked on the adrenaline from march flash crash, are fixated on a sharp revisit to lows.

UnselfishStops Updated 

Premier African Minerals is obviously highly speculative but it does get high volumes of trading activity. Wouldn't it be lovely for a big lithium find to make this a textbook falling wedge ;)

UnselfishStops

SPX broke out of bull flag looks good for 3k soon. A lot of people probably expected down from the channel break or were hoping for an H&S which has fuelled this squeeze. Long the retest of flag resistance.

UnselfishStops

SPX retested parallel channel twice already... looks like it's gonna have a third go higher up. 3000 seems psychologically inevitable at this point.

UnselfishStops Updated 

SPX forming a bear wedge (in green) which might lead to another leg down further developing this nice rounding top. However, I think as it would head back to the 2600 region, getting plenty excited for a retest of crisis lows it would break out and continue recovery. I posted a similar chart on LTC a while back and it too ended up breaking out of the n shape and...

UnselfishStops

Established bull flag on spx . Watch for hourly candle close above resistance now... this would definitely point towards more up from here otherwise we will continue in the range for now

UnselfishStops Updated 

SPX forming a pretty clear pennant (in green) here after a nice bullish squeeze suggesting more up. However, this is having broken down out of a parallel channel that retested support and failed. UK markets looking ready for more down too so maybe this turd will get flushed after all

UnselfishStops

Nice looking rising wedge . A lot of people probably expecting more downside here though so my guess would be that it fakes out...

UnselfishStops

LTC obeying this curved range. My guess is that it will round off and break downward slowly over the week but This will all depend on where indices are heading and with some big players' earning coming later this week a bullish break up should be looked out for,

UnselfishStops

LTC broke out of bull flag nicely. I think it's going to form another little bull flag or pennant perhaps where it is now before continuing up to fight resistance around the 45.40 area where it was rejected several times yesterday.

UnselfishStops

Bear flag has broken up but I get the feeling it won't last and it'll be a fakeout... too many people playing short. If the pump has no mercy then the bear flag is outta the play.

UnselfishStops

Deflationary pressure from tanking oil/gold gives the SPX the excuse to pull back at least also. The parallel channel in yellow has broken down. 100% trend based fib ext seems a good target at 2680

UnselfishStops

Wouldn't be surprised if SPX stuck to this parallel channel for a while and just kept on dribbling up while everyone is praying for the big short round 2. Watch for a breakout either way, that could get juicy.

UnselfishStops

Perhaps this is a bit of a tenuous link but in red is a bars pattern midway through the recovery from late 2018/early 2019 dip. We are printing a similar sort of pennant shape now and while I'd like to see it breakdown, take a step back and grow more sustainably, there's a chance we carry on up up up...

UnselfishStops

This has had an excellent run but its time for a little step back, personally I think we could venture down to 2650 but I really cannot see how we could plunge back down to retest lows like others are calling.

UnselfishStops

Rising wedge supposed to breakdown but let's be honest it ain't going to happen

UnselfishStops

Consolidation before a large move in whichever direction it breaks out in. US open will probably kickstart it either way.

UnselfishStops

S&P movement obeying this pitchfork pretty well. I would expect the breakout to be to the upside but not ruling out a breakdown.