chinawildman

chinawildman

Short term bearish as long as it stays below the orange line where the 50WMA is. Worth a scalp at 325-328 near the .786.

chinawildman

We should see a bounce at the .618 retrace around 96. A break and successful retest of the red/green line should tell you which direction the entire market is headed. I'd look to buy beaten down chip stocks like XLNX, INTC, AVGO and sell the bounce on a retest of the red line.

chinawildman

Check out the trendlines where it bounced. As long as this stock can hold serve above 180 it should be 200 before June opex IMO. Silly that it (and GOOG/NFLX) sold off as a result of this tariff war in the first place. I'm buying the dip on XLC and all the aforementioned stocks.

chinawildman Updated 

4 things can happen: 1) Trade deal is signed, everybody's happy, market goes back to ATHs. Least likely scenario IMO. 2) No deal, no future talks scheduled. Talks fall apart and tariffs go to 25% along w/ new tariffs. Not as unlikely but still pretty unlikely... 3) Some manifestation of a deal is made using ambiguous terms like "agreement in principle" to be...

chinawildman

* I totally posted this w/ the wrong chart last night... If you'll recall, tariffs were originally scheduled to jump to 25% at the March 1st "deadline"... despite the show of good faith to keep them at 10% around the end of Feb, the market sold off anyway trying to challenge the 282 resistance. Now here we are at ATHs, tariffs are going up, and trade talks are...

chinawildman

If you'll recall, tariffs were originally scheduled to jump to 25% at the March 1st "deadline"... despite the show of good faith to keep them at 10% around the end of Feb, the market sold off anyway trying to challenge the 282 resistance. Now here we are at ATHs, tariffs are going up, and trade talks are all of a sudden not sounding very friendly... should we be...

chinawildman Updated 

So I totally borked my shark on this morning's call and missed that there was still a wave 5 left in the A corrective wave. Oops. This chart makes much more sense to my eyes. Pretty simple: If you're long, dump all positions in the red box and buy back if index moves back above 293 (would surprise me to see that in the next wk). BTD on a retest of today's low...

chinawildman

If the index can hold 294, I think we'll be at 300 in about a week. Take a look at how the market responded when the S&P challenged its 07 highs in 2013... I keep hearing ppl talk about bearish divergence... There was a lot more of it back in 2013 and the index didn't give a shit and kept moving up regardless. Same expanding triangle is forming here. If it can't...

chinawildman

Between the healthcare dump, earnings, and recent corrective wave in broader markets, this stock has weathered the storm and looks ready to move up. Whether it's a wave 3 or C, this looks headed for the 50DMA / .5-.618 retrace / on the bullish shark. Those shark fib ratios are spot on... I'm buying the dip all the way to 545.

chinawildman

Schiff pitchfork shows BA consolidating in a triangle along the median line where the TLs of the 2 channels intersect. Breakout here and gap fill at 416 is likely. Break down and I think we see a measured move down to 320. I'm looking for it to drift downwards but hover above the median line culminating w/ a news-related false breakdown at Z. Lots of bear traps...

chinawildman

a shark bounce back to retest prev ATH and wedge. Expecting a throwback to complete the 5th wave of A. I'm expecting hourly RSI to hit the oversold at some point.

chinawildman

Compare the 2 shark patterns. Almost identical ratios and situations with hourly bearish divergence on RSI and CMF. CMF being negative on the hourly means bulls should be nervous. Any gap-open below 290 should be treated w/ extreme caution. Bulls will not be in the clear until a convincing hourly close above 290.40. If 290 is lost, the next support is the hourly...

chinawildman Updated 

Retest of the hourly 50MA (orange line) should dictate direction within the first 3 hrs of trading IMO. In the bear case it's entirely possible that wave 3 down can go all the way to the .382 retrace at the green box. I'd take profits there since it's entire possible that it's a C wave. Additionally even if it's a 3, a bounce there would be in a shark PRZ which...

chinawildman Updated 

Looking for a short at 1255 early in the week at the convergence of median line from pitchfork, the bearish butterfly PRZ, and a throwback from the major TL.

chinawildman

Considering how close semis are tied to china trade news, any selling event related to the trade deal are going to be seen in semis first. Shorting the indices doesn't seem like a good bet at this point until semis do something like the red arrow and double top...

chinawildman

Looks to be reversing off a three drives here and the upper bounds of the large alternate bearish bat. Probably going to see some profit taking here going into its earnings.

chinawildman

Hard intraday reversal means we should be seeing an abc back to the .382 retrace and retest of the channel trendline here.

chinawildman

Weird that it's technically "breaking out" from a trendline and partially filled the gap around 200, but seeing no upwards momentum at all... The bounds of the crab PRZ seem to be acting as an invisible ceiling. All kinds of bearish divergence on the hourly indicators. Expecting a pullback to 188 here.