WaisTrades

WaisTrades

Good news! We have another bounce today off the yearly trend line on $SPY. We've been tracking SPY and this trend channel for awhile and this has been our 6th bounce off the bottom of the channel! This trend channel has proven to be a good buy opportunity whenever we bounce off it, even though SPY has seem resistant at breaking new highs. I expect bullish momentum...

WaisTrades

Things are looking bearish for S&P 500 index. Using the $SPY chart, A bearish wedge pattern has formed and we have started to break down from it in today's session. Pattern usually retests the bottom wedge before it completely sells off. I expect prices to drop to $416 this week and test our year long trend channel. If $416 area does not hold, I expect it to drop...

WaisTrades

Since my last posting, Doge did break out of the wedge pattern as predicted and we made nice 30% gain. Unfortunately, we just tested a previous high of .43 and saw rejection. This rejection now forms a bearish head and shoulder on the larger time scale with very bearish indications of a much larger correction to the downside. As I predicted, if the whole crypto...

WaisTrades

Doge is taking the lead in the crypto space! Very exciting move and hopefully an indicator for the rest of the cryptos. We have been holding at around 30%-50% drop on most of the market but this looks like a bullish sign. Some important indicators to look at. Daily 20 & 50 MA are converging together. Could see some resistance at this level. Breaking above would...

WaisTrades

Keep calm and hodl Dogers. Sentiment is bearish but bad news catalysis's like this happens every time we have large rallies. Ive been in this space for almost 5 years and the government will always coming out with some bad news only to keep the dollar strong and collect your money through taxes. Breaking down the charts, we are actually forming a nice descending...

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Interesting week and it looks like the bears are loosing steam. (Left chart): We bounced twice off the 2021 trend line and that now confirms 5 points of support for the bulls that this trend line is here to stay. The 2 bounces on the last 2 Wednesdays also adds double bottom pattern, a very bullish signal. We are currently are still testing a resistance of the...

WaisTrades

Its good to sometimes look and compare at what history has done when we governments allow loose monetary policies followed by sharp increase of interest rates. During the late 1980s, Japan growth was largely pushed by ease of borrowing and increasing money supply. By late 1989, inflation worries lead Japan to increase their interest rates which ultimately killed...

WaisTrades

Since the beginning of they year we have seen 4 corrections and they have held a consistent upwards trend line so far. Today we approach this trend line as well as the 50day Moving Average. I am not recommending any long positions as there could be wicks that could blow past the trend line like seen in March. I am looking for a solid day closing in the green and...

WaisTrades

We have break out of what appears to be a bear flag on TLT today. Next level of support after this break up appears to be around $128 and $122. CPI report today confirms fears of inflation, thus bonds prices will fall and yields will rise.

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An Inverted head and shoulders looks to be forming with Euro against the dollar. Break out of this pattern could lead the Euro to 1.26, a 450pip move

WaisTrades

Nasdaq having a good move up today, but I don't think the selling is done just yet. Looking at the 2Hour+20 Moving average(blue), it has shown good support and now tests as resistance. The right chart shows 20MA on the weekly as good support for the past year. I would wait just a little longer to see if we go down and test low $320ish (20 Weekly Ma) and bounce off...

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Spy is currently bouncing off this long term trend channel. Going to have to see today and tomorrow's close to confirm if we continue this trend and stay within the channel.

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Tesla has yet to find any bullish movement and media continues to push down the stock with false rumors of Tesla's autopilot causing the latest Texas crash. Tesla looks too fall towards the long term trend line (green) that has formed for over a year. There has been several bounce off this level and shows good sign of support. Be on the look out though for a...

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Seeing signs of recovery today with Tesla. Nice wedge pattern showing up on the 15m time frame.

WaisTrades

Doge holding at critical level right now as this is the last line of support before dropping 40-50%. If the .25c-.26c holds past Friday we should see Doge come back up as weekends usually have the best performance for crypto. Break below .25-.26 would see quick sell-offs towards .14c for next support and afterwards .07c if that levels breaks aswell.

WaisTrades

Nice bull flag pattern forming. Hoping "Sell May, Go Away" will not be happening.

WaisTrades

Hoping to see a bounce off this previous break out of the Head and Shoulder pattern. As long as we close above $700 this week, I think earnings on Monday will bring Tesla back above $800 level. FUD spreading by the media of Tesla's autopilot killing 2 people in their vehicle, experience traders should see this as a buying opportunity. I have bought several more...

WaisTrades

Tightening monetary policies are coming. Throughout history, bond yields have been a clear telltale sign of rising interest rates. Throughout the last couple of months you can see bond yields have risen quite sharply. There is no alarm to be raised just yet on the health of the market, just an early indicator that Feds will start tightening monetary policies. I...