We are at a CRITICAL point in the market cycle. Its time to decide if we will dead cross the EMAs to the bullish or the bearish side. At this point I would not recommend a trade until we have confirmation.
Bullish Scenario: We break the green resistance on the upside invalidating a double top (marked by that red line around 2716). A move of such nature would...
As you can see we have continued our way printing that nice thicc inverse head and shoulders. We had little bit of a run up yesterday and suddenly the media sentiment shifted.
DONT GET CAUGHT UP IN THE HEADLINES.
Apple will not save you, Boeing will not save you, the fed will not save you.
The top has blown off. Dont pay attention to the bull trap!
Heres some easy money,
Navios Maritime Midstream Partners L.P. is a services and shipping company.
It has been priced at a premium by the market as a result of overreaction to selling of ships.
These ship sales have increased the company's cash flow and helped them build an already extremely beefy balance sheet.
I believe the market has priced NAP at around...
Lets get right to it.
I am short on SPX for a plethora of reasons. But for now we will only discuss the technical. We had a double top after this ramped bull markets ATH. It seems that the resistance created by that double top has formed a new downward channel. We have only had two bounces so it still needs some more confirmation before we enter a new trend. The...
Big head and shoulders. If you where following my live trading today we tracked the right shoulder on its way up. Heres a nice setup with a 3% possible upside and a stop around 1% loss. I will be updating it as I go along.
TRADE TYPE: LONG
TARGET 1: 2608 (Sell 50% of position)
Target 2: 2589 (Sell 30% of position)
Target 3: 2536 (Sell 20% of...
We flipped from a falling wedge to ascending triangle last week. Maybe our doom isn't so imminent. As you can see we broke above the resistance and we are currently printing a bull flag. Short term its looking long. BUT I am still very bearish over the next few months. A triple top could seal the deal and send us into a downtrend.
just a lil intraday lookings. Did u know patterns are fractals? Trippy bro.
We printed a nice head and shoulders and confirmed below the baseline. We going down from here.
but heed my warning plebian
for I am the prophet
everyday the bear creeps slowly in
for soon we will enter a downtrend...
but for now be on the lookout for a whole lot of...