1. W's all over the place. 2. Huge divergence 3. Near record low NASDAQ:BITF to CRYPTOCAP:BTC ratio...
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Great setup for long here with channel support, measured move, and an RSI divergence
TLT in a fantastic zone here, with TD9 timing next week. Either bottoms here or one more low (even better RR)
BABA is massively discounted, showing a nice R/R down here. Possibility of one more marginal low in the high 60's, which would print a nice divergence on the RSI. Targets $80+ to fill first gap then $100+
Moderna has had an astronomical rise due to the vaccine. The technical setup looks excellent to the short side. TD9's on the daily, 2 day, 3 day, big divergences on many timeframes. That said - there is headline risk with this - if they get FDA approval it would likely squeeze.
LMT has finally broken out of the massive RSI coil and hidden bull divergence! It should be on it's way to $480, and I believe $500+ before YE
Target looks priced in here with a nice technical setup in major demand. TD9 printed yesterday, and we've got a nice hammer forming this morning. I could see a test to $140 within days on this stock.
Bullish setup on LMT, TD9 on the daily, doji in demand. Given the war escalation I could see this moving upwards in the coming weeks. I am long via May 19th 470C from .80
Altcap (TOTAL2) is retesting the upward green TL, the blue channel, and has completed an a=c retrace. Great longside R/R here and key support for any further wave up in this manic move!
Key resistance here on Nasdaq. Interestingly, SPY has a more bullish support setup on a major channel, so this juncture is really a massive pivot point. If we go much lower I think the market can drop to areas near the October lows.
With strong earnings and potentially a final escalation in the Ukraine war, LMT could be primed for a move to the low 500's. $430 support/SL
DXY is finally reaching the top of the MAJOR channel, with a TD9 weekly set to print on October 10th. This is a potential major bottom in markets.
QQQ still looks bloody, and bear flags are coming in on lower timeframes. I don't see a sustainable bottom until: 1. We hit the 268~ area 2. We see a BIG spike in Volatility. IV30 and VIX are still very low considering the size of this correction.
AAPL is looking very overbought alongside a dangerous backdrop for QQQ and SPY. Looking for a gap fill at minimum, and possibly a trip back to value in the 150 zone. I am short via Sept 155 Puts
Incredible Demark confluence on DXY. Monthy+Weekly+Daily+4hr TD9's. Never seen this before. Either we roll hard here and risk rallies (alongside gold, commods etc) or it's 2008. My moneys on the former
TLT is staggeringly oversold, everyone and their dog is screaming about higher rates. Understandable, but how much is already priced in? Will the FED reverse course? Will and equity correction send $ back into bonds? Hard to predict the news, but this chart is a screaming buy to me (on a 2-3 month timeframe). We MAY have one more low to the 116~ area which would...
Absolutely incredible setup brewing on QQQ. Huge measured move + TD9 on tuesday + we have the FED Wednesday and the potential for a Russian Bond payment missing. Given the posture of put buyers, we should either see a 2008 style crash or an absolutely biblical short squeeze. My money is on the latter. High risk, high reward.