dereckcoatney

dereckcoatney

SPX has broken out of its local down trend. It may need to go back and retest that trend line, and if it does, its reaction there will crucial in determining whether the market is bullish or bearish.

dereckcoatney

If this head and shoulders pattern on /NQ breaks down, it can target about 14850, as that is the measured move of the pattern.

dereckcoatney

This wedge on /ES futures may produce a 3-wave rally.

dereckcoatney

I see no reason to be optimistic about this garbage stock. I still think it has a lot lower to go.

dereckcoatney

The equal weight S&P 500 ETF presents us with a bear flag.

dereckcoatney

The QQQs have created a head & shoulders pattern. If it plays, we may target the measured move.

dereckcoatney

Bitcoin looks to have completed 5 waves down and has retested its 200-day SMA and long-term trend line. So long as these hold, we may expect a relief rally heading in the direction of the orange box.

dereckcoatney

The Dollar Index looks to have completed an impulse wave up, and I now expect a retracement.

dereckcoatney

My count on $COIN has it going significantly lower. From its inception, the pattern appears to be corrective, and should need to see further downside in order to complete cycle (yellow) c, at a minimum. That will not ensure that the pattern is complete, however, as that itself may only be the first leg of an even larger 3-wave structure, but we will have to wait...

dereckcoatney

$SGEN may be forming the “cup” of a cup and handle formation. I would look to see if it corrects its advance soon to develop the handle.

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$LAC Looks like a cup and handle breakout. Target is the orange box.

dereckcoatney

The bull pennant on $DISH first identified in August on Twitter seems to finally be getting some traction. Target is the orange box.

dereckcoatney

This well-defined ascending triangle on $PYPL suggests that we target the upper trend line

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This bull pennant should get us to the target range above us

dereckcoatney

As with so many growth stocks that were pumped to the gills last year and then subsequently destroyed this year, $Z has the familiar falling wedge displaying itself in so many places. I expect it to break out soon and a conservative first target is noted.

dereckcoatney

$FMC has reacted in the 50-61.8% retracement zone of the rally off the March 2020 lows. It has done so in a 3-swing move so it may be an entirely completed correction, a 1-2 of significant degree. A reasonably conservative first target is the 50-61.8% retracement of the correction, though it may eventually go significantly higher than that.

dereckcoatney

$SKLZ should, at a minimum, soon get a strong 30% technical bounce from its current levels. At a minimum, I expect a rally to the orange box. It may also be ending the entire decline from February onwards, but I will remain conservative here and only aim for the initial move for the moment.

dereckcoatney

$NKLA has found support once again in the $9.50 area and it is running out of room beneath the overhead trend line. I am expecting a rally to the target box at some point soon.