It seams that going against the logic is the new norm. The game is dirty more then ever. So I wouldn't count on a double bottom (385) too much. If it was to play it out, however, I think were going to stay in the downtrend channel and if we bounce, it will get rejected at 400 and fall to 378 area. Where the bottom is?, no idea, but I am eyeing 300 area this...
Looks like nice inverse H&S Spy is consolidating, I think we'll see a flash down tp 395.78 to test support and quick bounce to 404 If that happens, Next target will be around 412, then 430. I think we'll see 430 for the last time this year. SPY is in downtrend and what we see is just a bounce. Anything is possible, stay safe and good luck. PS Its been such a...
At least on the chart, I hope. Looks like Vix is forming large C&H followed by smaller C&H before its long resistance at 36. the events on Monday (war parade in Russia) could be the trigger. Good luck to everyone !
What a trading day it was, wish had stayed a little longer in the trade, lol EOD $430 is the triple top, if we brake it then next target is 444. SPY may form classic C&H, in that case, I dont think I will trade tomorrow, SPY needs some consolidation. we are overbought on 15min and 1h. There is always a possibility of a fake out, but seeing so many big names...
We are in short term uptrend. There seams to be a clear channel now, so I am limiting my self to day trading only. At around 430, I may take short position, todays gap will be filled very soon. If it reaches 430 it will make a H&S on hourly. I dont think 415 support will hold and it will drop to 410 and then to 400 I expect another 10-20% price drop from that...
Very bullish on this one digital currency miner company. Classic double bottom with a nice retest, massive volume. Great entry point. Good potential for 70% gains Company is almost debt free, located in US My first target is 1.10. Good luck
Clear Inverse H&S with double bottom for the head :) Target 388, next 400
My chart hasnt really changed since 3 weeks (?) SPY is in uptrend and looks like it will make it all the way to $480 The driving force is in Tech sector which is bouncing hard. Not a big fun of Elliot...
This is a continuation of my chart from last week, nothing changed. SPY is in uptrend and most likely will hit 452 tomorrow, then I see consolidation that may take it to 437 New target is 457. Its overbought right now so it can be frantic, but the dips will be bought. After that I think Putin will do something horrible and we are back in the downtrend to 400 or below
SPY is OUT of bearish channel and it looks like it want to reclaim 457 Its hard to believe but that's what chart is indicating. I am in long with small position and will take it out completely at this level (455) Today was a red day, mainly due to pullback on Chinees stock, which are bouncing hard. I wonder if its targeting 457 without any bigger...
Using Elliott wave SPY concluded ABC correction and entered new 12345 uptrend wave. I don't believe SPY would can get to ATH and I believe we are going to enter recession, which will bring the market significantly down. If we bottomed, then I would like SPY to close above 440 today or Monday. Next target would be 452. Good luck !
Its clear brake out to me, my target was 430, but I am going to extend it to 440. Filled the gap from yesterday (nice trade opportunity:) I am out from my short position completely. China easing on stocks and possible end of war are triggers. JP didn't say anything what wasn't already priced in. Are we still going down; I think yes, but not this week. 440 level...
We may see one more bounce to 426, possibly 430 (higher high on this downtrend) This may happen overnight or tomorrow. After that I expect continuation of the downtrend. Also we are about to experience death cross on daily (21 of March is my guess), which will coincident with end of pennant. I am short on SPY from 350 with 20% of my position. The rest I trade and swing.
Depending on news, I expect further selling before large uptrend begins.
SPY most likely will stay in range (yellow box) Symmetrical to late January pattern. I will short it at resistance around 440-444 and long at support 427-420 Thats for the rest of the week, Friday I expect sale off and Monday-tusday bigger swing to the upside. Early March will most likely be bigger drop to 400 area. Its a nice setup for quick trades. Good luck
Looks like 4200 first target (Tuesday?) Gap down on Tuesday, followed up by more selling perhaps Playable bounce at 4200 on 1h bear flag setup (15min chart), my guess its going to happen on Wednesday or early session Thursday. Unless talks between Mr P. and Mr. B. goes South, Then Further Retracement to $3950 from 4300 level is given, If the war brakes out...
Watch the lines to which way were going. I bet against the chart first time in months. Next 2 days will give us direction Good luck
Ride was downtrading for 12 months, loosing over 90% from ATH It looks like reversal to me. Currently its at $3 with my target of 4.33 Short interest is rather high and if it fails to brake and stay above $3, it may reach $2.20 , making a double bottom. Which would make Another entry. I have starter long position at this point and will add to it depending circumstances.