SPY broke the uptrend support, target 380, bounce and another leg down to 367 (EMA50 on daily) is a real possibility in short term, longer term 249 where EMA200 is Good luck Im in TZA, UVXY
there is a small battle between bulls and bears. If SPY falls under 391.90 it will get back to downtrend channel. If stays above it may hit the resistance that was previous support in the micro uptrend channel. So my assumption is we may fall further or stay flat. but hey, anything is possible. Good plays today are in crypto
Seams to me SPY faked the brake out and will retrace more. There is that hourly downtrend I would watch and see. Im betting bet on 5 percent retracement with UVXY (VIX)
In this LALA land technical chart are pretty much useless, so this may indicate nothing, but.... In a free market world, I would say we are going to retrace today or tomorrow to 20SMA (white dotted line) and then possibly to 50 EMA (red) I would see how strong SPY holds at the gap up, if it tops where it is at open, sale off may start around 11am. I went with VIX...
After a crazy run, I think pullback is more then certain. Following ABC correction and Fib Im looking to short position first target 24, next 21
With Biden government the green energy sector is bouncing hard . I have played GEVO and now Im jumping on JE. Clear bull flag, gap filled yesterday, RSI is cooling of nicely. Looking at the breakout from pennant. first target $14.75 Next target 27.12
Well, we are coming close to the conclusion. I will look at the earnings this week, if I don't see any big moves on positive earnings, then pullback will be more evident. Target remain 400, but can it be done in the first Q of the year, I strongly doubt.
BTC needs to brake and hold above 35000, if it fails to brake it today it will further consolidate. Im bullish on bitcoin, but will take position once it brake 35k and retest it or if it tests30k again
After such a run it should consolidate to nearest support trendline. Its also overbought on multiple timeframes. Bearish divergence on 1 hour
Im bearish, but looking at the chart its clear SPY has formed a Pennant, which in this setup is more bullish. Look where it goes in the morning session, braking upwards or downwards will dictate the direction. Key level to watch for bears is 377 and for longs 380
Version 1. (puke) gap up on Monday and then selloff to retest level of old resistance , which turned to support (short term support 377) If that was the case it would form H&S and we may dump to 372 level. Version 2. Gap down (378) and slow grind to 381, from there another leg down (I don't like this setup as it will put more confusion) There is a chance it may...
Looks like dollar found the bottom. It currently seats in the channel, buy on the dip.
Looks like it seats in the daily uptrend channel and short term is bearish. Short term it broke down from pennant, which makes me believe it will re test uptrend support at around 34000 3400 level if holds should be good entry pont.
Strong Bearish divergence on 15min Needs to brake 379 for confirmation Target 372.90
Short term correction in the next 2-3 days, but tomorrow we'll goof up again, why not. Double top (used to be relevant) Extended (who cares) Coup on white house (phiew) Death count in US coming close to WW2 (ehhh) I loaded on VIX today, so please short this poo :)
Trump doubled his investments and now he's leaving us with huge debt that average Joe will have to pay for. Those that went long since October, I salut you. With the new office, I believe we'll discover a lot of shady stuff that will make serious correction in the market. Im beginning to short Russel 2000 with TZA
Cannabis stock, Dept free company apparently. With reversal I would expect that it will finish Elliot wave with the 5th coming in next. My first target is 1.10 which is over 100%, so its ambitious, but very possible. It broke out of very long downtrend recently and with US changing its course on the sector, we may see great spike in the coming weeks,...