Three levels of our smaller wedge top, we need the 1.618 broken to start smoken! Earnings after hours today, but we really want to pop before then, we may get a 1.80-$2 late day spike as people load up and shorts cover before the storm!
Check out my analysis on RIOT Blockchain and Bitcoin! I'm bullish on both assets, expecting a breakout to $73-$75k for Bitcoin and a target of $14 for RIOT within 1 to 2 weeks.
Get ready for an exciting week ahead with LAZR Luminar Technologies! We're seeing the upside earnings surprise being priced in, coupled with a massive falling wedge that's about to break out above $1.70 and then soar to $2.00-$2.20 on the second wedge. LAZR Analysis: Earnings may be the catalyst for this breakout, but that's not all. I've also identified a weekly...
S&P 500 (SPX) - May 6th Week Ahead Bullish Forecast This week, we've observed a bullish signal with a weekly harami candlestick pattern, indicating potential upward momentum. Here's the forecast for the week ahead: Short-term Outlook (May 6th Week): We anticipate the S&P 500 to continue its bullish momentum, aiming for new highs. The weekly harami bullish close...
no matter what way you cut it, the VIX needs 12.50 before it rallies and the markets correct. We should bounce at 12.50 with an 80% probability, but before our major market correction, again we will post sub 12$ pps tape hits on the VIX, but i think we bounce again at 12.50 and continue this way until Q3-Q4 when we threaten the sub $12 market, but we may like in...
In Elliott Wave Theory, we're navigating the vast ocean of market cycles, and currently, we find ourselves in uncharted waters: the fifth of the fifth of the Grand Super Cycle or Grand Millennium Wave. This level of analysis delves into macroeconomic cycles of epic proportions, spanning centuries, and it's raising questions, even some of a doomsday nature. 1. The...
Recent Buy: $4.14 | .618 Retracement Short Term Target (5/3/24): $5.50 | Intermediate Target (Week Ahead): $6.80+ Stop Loss Trigger: $3.80 Mullen Automotive (NASDAQ: MULN) is gearing up for a bullish run, and here's why I'm optimistic: 1. Electric Vehicle (EV) Sector Growth: The electric vehicle industry is experiencing exponential growth, driven by increasing...
Bullish on RIOT: Diamonds Everywhere! Late Day and 1 Week Rally Inbound Short Term Target: $11 | Intermediate Next Week Target: $14+ The cryptocurrency market is heating up, and RIOT Blockchain Inc. (NASDAQ: RIOT) is poised to shine brightly. Here's why I'm bullish on RIOT for the short term: 1. Bitcoin Momentum: Bitcoin (BTC) is witnessing renewed momentum,...
Overview: Luminar Technologies (Ticker: LAZR) has been on our radar for a while now, and it's time for an update. As always, we're looking for clues in the candlesticks to predict its next moves. This time, we're focusing on two potential trajectories: a breakout before earnings or a breakout spurred by an earnings surprise. Trajectory 1: Break Before Earnings...
BULLISH DIAMOND ON BITCOIN. After 12 PM Close I'm bullish long Calls 10.50 may 3rd to may 17th. Let's go! This is not a recommendation though.
When the VIX drops below $12, it's time to consider a cautious approach. Instead of jumping in headfirst, I gradually enter long positions in UVIX and UVXY calls over the course of one week to several months, while directly holding onto VIX, UVIX, and UVXY. Past experiences with mistimed UVXY Long Calls, particularly during the pre and post-COVID periods, have...
In this analysis, we're eyeing a potential 'shotgun trade' scenario with a focus on VIX and UVXY. If we observe a gap down in the market, especially in the VIX (VIX) and its inverse, UVXY (UVXY), it could signal a forthcoming move. Holding the gap down on UVXY might lead to a decline to $8.50, followed by a rally towards the confluence of a trend line and the...
BULLISH BITCOIN SHORT TERM BEARISH LONG TERM/INTM TERM Being that the Fed Announcement today was positive in the sense that they are working towards inflation goals, with a balanced hawkish/dovish vibe, we seem to have net net stayed based out as expected. I'm bearish bitcoin after another 70-75k rally as i'm confident we still need a deeper sub 50k dip over...
VIX UVIX UVXY Will lead to a bullish day in the markets tomorrow. Powell was balanced and the VIX is low, but the VIX is a function of the SP500 it's swings can be big and go the other was just as fast. Here's UVIX. I won't go long UVIX Calls until the VIX is sub $12
riot wedge as bitcoin double bottoms!"Riot forming a wedge pattern as Bitcoin double bottoms. The wedge suggests a bullish breakout towards $11 and beyond."
Nice short squeeze candidate, it may have even begun! I know nothing about this company, hell I don't need too I just chart and use finintel and keep it simple stupid (KISS) and keep it moving in and out like a ninja! GLTA
Sell in May and go away "May" apply this year! We have a wedge break and as my fellow technicians know we almost always rally back for a stubborn fomo bull rally one last "gain" Well... We may get a double top or bottom wedge hit (of course that could lead to overshoot fib extension levels), but eitherway i'm out of almost everything and in UVXY UVIX by end of May! GLTA
LAZR May be pricing in a big rally preearnings - They have -900 million earned and - 1.4 something EPS currently. They began shipping orders and I assume they do accrual accounting (very good assumption I should look eh?) thus any shipments even on net 60-90 invoices will be revenue calculated against expenses and increase bottom line. This f...king thing may go...