abigreen

abigreen

ITS overbought across all time frames Low volume push up for past 11 trading days Heavy divergence since December (although it broke out of it) Heavy resistance at 412. Inflation talk (today?) Everything is pointing down to support at 395, then to 385 which is years long resistance line that will serve as support. Last earning (good) were a selloff for TECH. SO...

abigreen Updated 

I think it is; cough cough we are in raising wedge, which could brake around 3pm ? Its either dump EOD or we end the day nice and green and dump on Monday to everyone's surprise.

abigreen Updated 

Seams to be the pattern, at least for a while. We chop through the day to pop massively EOD. How do you trade it? I shouldn't, as when I do I loose. MACD, RSI, DIVERGENCE DONT MATTER ANYMORE ! Lines and signals are giving false marks. SPY behaves like a penny stock. Its a mutant created by Feds and controlled by hedges Today was my down day. No confidence in...

abigreen

It fell off the (bullish) pennant and its in the downtrend pressure. Short interest is very high and their target is not clear to me. Bottom could be at 4 or 2, so I don't recommend taking any position, unless trend reverses over few green days. Don't fall for occasional spikes as they are quickly crushed.

abigreen Updated 

SPY with its unstoppable force making new highs, recent push is caused by tech bouncing hard with some names making new highs. Its time for consolidation as the RSI is very overbought. That doesn't mean we are doomed, in fact SPY looks very healthy, even if it was supposed to drop to 375 level (which is much needed) We definitely are going to test 400 at some...

abigreen Updated 

Then what ? If it stay above, then sky is the limit.

abigreen Updated 

Gap ups are for selling, so I think we'll start a day with some selloff. Ideally to fib.38 from yesterdays close, we could also close the gap form C&H and go to ATH. I'll update my ideas as we go

abigreen Updated 

This is pretty much the same chart I made week ago, but with slightly modified lines. Tech is bouncing hard and broke up from downtrend line. SPY also being heavy with tech is following QQQ , so it looks to me were more bullish for a week or so then bearish. EV space got the green light with Biden announcement. I think we'll have pullback once we hit 400, but its...

abigreen

Its clean brake from the resistance, thus such a bullish move. Its hot on hourly and it will need to cool off. There is bearish divergence on hourly as well. I expect C&H around 322 level, which should be there at open today. 1% retracement is given to form a handle, beautiful place for entry. Good luck everyone Please follow me if you like my ideas. I am out of...

abigreen

I found this looking for long position in the EV industry. Due to conversion and merger it got slammed down. They are small cap EV industry American company. With Biden recent announcement seams like no brainer, so I took starter position 75ML cash on hand with no major red flags nuvve.com Do your own DD before investing. TECHNICALS: Daily oversold Daily double...

abigreen Updated 

As of 8.30am, SPY is acting as a bull flag from Fridays spike. It has retraced in pre-market to fib .38, could go lower to .5 and it would be still intact. If it holds that zone with proper re test, its long for me If it goes lower then .05 fib then its a short for me. If you like my idea, please follow Thank you

abigreen

That magical EOD on Friday..... thats a lot of liquid to move markets so much : was it bull trap ? short covering, feds, hedge or all three, I have no idea. Technically it was continuation of a daily bounce of EMA50 , but it was ugly day full of confusing moves. I think that After braking the 391 resistance I think the crazy move up was short covering Monday...

abigreen

I think RIDE is finally bouncing from the crazy selloff. Since it hasnt broke from the downtrend, It may want to close the gap at 10.50 , but that would be very quick. Its oversold on daily which is my favorite play. If it was to respect FIB .38 it could go as high as 18.50 over next 2-3 weeks So for monday if we gap up then I would enter on confirmation , which...

abigreen

Last leg down closed bearly higher then the one before, I can see steam running from it. It may be making hourly H&S, so watch for it. Spy and QQQ will go higher before reversal, but if I see weakness in RUT over next 2 weeks it will be a sign for me that general market reversal is near. For next week I think will go up. I took large position with TNA on Friday...

abigreen Updated 

This is follow up from yesterday chart. As expected SPY will make a small gap up. Its Friday, so its should be a green day, but.... Bear case: It is still in bearish mode and I give 70% of further pullback over upside. It may attack resistance at 391 first thing in the morning, I would expect rejection, small pullback and another attempt towards resistance. If...

abigreen

RBLX broke out from downtrend. If market stays green (its Friday:) I expect RBLX to gap down slightly to 66.50 for confirmation and if it holds then it should shoot up towards 78 If it brakes down from 66.50 then it was a fake out and it may do double bottom at 60.70, I expect from the upside. WAQTCH SPY for clues today

abigreen Updated 

I had really good day, made 10 trades and only 2 failed. Swinged TZA (short leverage on small cap) from yesterdays highs and made good 8% profit on large position. Today was mostly scalping and one longer trade with bull small cap (TNA) My plan however changed, I wanted to go short again EOD, but SPY was just too bullish to give me that confidence. IM ALL CASH...

abigreen

Market likes to trick us to loose money so I still believe in deeper correction to 376 level. I'll wait and see. Scalping is a way.