abigreen

abigreen Updated 

The large gap up in morning didnt brake out from the wedge, but it reached its upper resistance. I think Ill scalp short in the morning and then will watch, if bulls defend the support, which is around 378, i'll scalp long to 383 and then look for short position. It could fall to 370 Is 400 still possible on this run? I would be surprised, but it is, I see more...

abigreen Updated 

I think its time to go bullish again. Why bullish? -Falling wedge -Long term support -Oversold

abigreen

My last prediction worked out well. Good trade. We didn't re test 370, we got down to 375 in premarket. For that reason I dont think market will reach higher high at this time. So what's painting here is bearish setup. We reached higher low, if we can brake it (286) we may run to 296 Why bearish? Bearish divergence on 1 hour Raising wedge good luck !!!

abigreen Updated 

Looks like we are going to bounce in the next 2 days. Strong bullish divergence on 1h and 4h, oversold on all time frames, potential formation of inverse H&S Bullish: 1. we bounce to 380, back test 370 and rally to -$400 Bearish: we bounce to 374, hit resistance (previous support) and fall further to 354 or even 340. 340 would be excellent entry for relief...

abigreen

Looks like bounce in progress Why: bullish divergence, oversold, inverse H&S tomorrow we could move to 283, fall back to create double bottom at 269 and then strong rally tp 292 Good luck

abigreen

This is not trading plan, but just a reason to have some other views and start a discussion. In my humble opinion, market needs a reset, and opportunity for one is better then ever.

abigreen Updated 

SPY has broke support in this downtrend and now it will serve as a resistance, which is currently at 373. BULL: So today we may see green at the first half of a day, if it can get back in the channel, then after testing it as a support, we may see a rally up to 400 level. (inverse H&S) So I would place long position in back test area, which is around 368 I would...

abigreen Updated 

We'll find out today ! Its sitting on the downtrend support, double bottom, if it stays there and tests the floor, it could be the bottom. If we fall below then things will get ugly quickly

abigreen Updated 

I expected a bounce from 390, I was wrong. There is a clear downtrend channel now. We are oversold on 1h-4h and I expect a bounce, small to 387-90 level perhaps, then down to 372 and perhaps bigger bounce to 400, that would be excellent entry with short position. I am scouting for that entry.

abigreen Updated 

is 390 the bottom for a bounce? I hope so, if thats the case , fib .38 is around 398, then most likely fall back to 386

abigreen Updated 

I made that one two days ago, while I was looking at consolidation alternatives. I always try to have plan b and c in my trades, so that was on the table. Short bull run is still on the table, is it highly probable ? NO, but something I get my eyes used to in case it does happen.

abigreen Updated 

It will squeeze very fast to 429 416 is hard to brake as its where 50ema seats on a daily 429 is where 200 ema is and I doubt it can brake it.

abigreen

On daily we see clear Elliot formation with last leg up about to form. We may see this happen this week, unless market in general flashes down. Target 34 Good luck

abigreen Updated 

SPY will retest a flag resistance, now support and should climb higher in todays session. I expect to bounce from 412 area. if it fails 412 next support is at 407 and it may go to 405. It would still remain in a bull flag formation, messy one, but valid in my opinion. Chart is clearer on US500

abigreen Updated 

Today SPY retraced to 407, closed the gap and retraced to fib .38 Its bullish, and so I closed half of my short position, which was too large already. I went long for a swing for the next few days as I believe it will reach 427. Ill switch back to short then or wait and see. I see SPY reatracing during the summer to 350 level or perhaps lower.

abigreen

Looks bullish, but with some pains ahead, if you have nerves of steal target of 28 is very possible.

abigreen

We may have some summer relief rally in the markets RIOT is out of the downtrend channel. Looks like 6 is a solid bottom and we should see gains from here (assuming BTC doesn't fail completely) Based on Elliot waves; My short term target is 8.36, long term target is 12. Riot may need to test that 6 again and if it does brake below, it may land it at 3.50.

abigreen Updated 

I am still looking at the $400 as a rejection point, and I expect a huge leg down. down targets are : 380, 372, 362 Its seats in this downtrend channel and in case it brakes the 400 , it may shoot to about 422 (low probability) I dont swing in this climate, only day trade, but there is so much good opportunity now, that I am happy doing just that.