carefulRhino97368

carefulRhino97368

You know what's coming Not calling for a huge downside, but we will correct from this aggressive move up. If the market won't form an inverse H&S, then we continue with the downtrend for now.

carefulRhino97368

what do you guys think? Can NVDA push through the double top? Looks like the measured move for the inverse H&S is over.

carefulRhino97368

Yahoo: "Apple Q2 earnings beat expectations on better than anticipated iPhone sales". Finally Apple came through for nasdaq! Folks, it looks like we're steering clear of that mega dump these "perma bears" keep talking about.

carefulRhino97368 Updated 

Top 8 NASDAQ companies are the only ones holding this rally. Are those companies running out of gas? possible topping? Watch the VIX. This is a long term swing trade into the summer. Don't be deceived by the analysts and other puppets out there. We are still in a complacency stage. 2000's bubble brought NDX down by 82%. Applied today that would put the end...

carefulRhino97368 Updated 

Just wanted to update the chart a bit. I am seeing a developing H&S pattern.

carefulRhino97368

Blind bulls are talking about a fed pivot; I am pretty sure I heard that word about a thousands times this year. Fed pivot is not going to save you, as you can see a pivot will cause an even larger leg down lol. By the way this phenomenon happened during every single recession. And by the way, this is THE CURRENT ARGUMENT for the stock market rally can you...

carefulRhino97368 Updated 

Just wanted to update the chart a bit. This is what I see. So the break out is near. I continue to hold my longs and accumulating more when the price drops. The volume drop on the sell side suggest a reversal. I think it will be to the upside. Anyway, I am paying close attention to the lowest demand zone. (fingers crossed we don't breach it)

carefulRhino97368 Updated 

My prediction is we reach the target late April early May

carefulRhino97368 Updated 

Double top, crab, bat, you name it. Watch it reverse. This game is built on 2 emotions - fear & greed.

carefulRhino97368 Updated 

Expect a final leg down into 3200 area before the FED starts to talk about pivoting. Next thing that happens is market rally into a brick wall, after which the grand finale begins.

carefulRhino97368 Updated 

Can the future be predicted based on the past? You tell me...

carefulRhino97368 Updated 

As you can see there are a few ways this thing can unravel. We have an inverse head and shoulders, a possible diamond bottom formation, a daily demand zone and a .618 fib level. I don't know which way the price will take, but I started to add to my longs at this level.

carefulRhino97368 Updated 

I think this is what is going to happen. Not only due to wyckoff distribution reasons, but also because some major bears have started to capitulate on natural gas.

carefulRhino97368 Updated 

I am looking at many indicators, almost everything is pointing to this rally coming to an end. Least case scenario is we rally a bit more before dropping. Powell is speaking on Feb 1st. If we don’t drop before then, we most likely will after the speech. Our current economic conditions are more loose than they were before the bear market… so let’s what happens.

carefulRhino97368 Updated 

Very nice bear market rally, but it is still a bear market... therefore the boundaries need to be respected. What do we see on this picture: 1. Double top 2. Upper trend resistance 3. Maxed out standard deviation move 4. Sloping down rate of change 5. Divergence on the RSI

carefulRhino97368

Let's see what happens . . . . . . .. ... ..... ......

carefulRhino97368

Time has come for SPY to turn around. . . . . . . . . . Target 338

carefulRhino97368 Updated 

SPY approaching key levels, a very high possibility of a sell off incoming. Recession is almost here.