fibtastic5

fibtastic5

Watching for a potential cup and handle formation to complete on NCLH 30 min chart. There is a lot of selling pressure on the cruise lines right now, so we shall see!

fibtastic5 Updated 

A bull flag has formed on the 4 hour chart. The bottom of the flag was broken as price dipped down to demand zone however it printed an inverse head and shoulders pattern on a 15 minute chart, and failed to break the zone. Expecting to see price back up inside of the flag by NY open, with a possible breakout occurring by the end of the week. Caution- the bottom...

fibtastic5

Tesla did not hold above $1,000 this morning, short

fibtastic5 Updated 

The volatility in the markets can be absolutely devastating, especially for weak hands. I just saw an article about an over leveraged young trader taking his own life, please be careful everyone, and look out for each other. I see a bearish cypher has formed on the 15 min chart for SPY. Let's see how this, combined with J. Pow, influences prices tomorrow. I am...

fibtastic5

BMY sitting on potential support at $56 after breakdown from head and shoulders pattern. I believe the market may be headed down, however I will watch to see how BMY treats $56 level, could retest 786 fib. If it closes below $56 tomorrow I would consider taking a short position.

fibtastic5

Thursday we saw a high volume test of 300, which held. Friday we broke 300 with lower volume, printing a lower low, and then rebounding to a lower high. Expecting a lower low to print early this week. Good luck to all, may the tendies be with you.

fibtastic5

Tech sector has done very well this past week - time for it to correct along with rest of market. puts puts puts

fibtastic5 Updated 

AMZN breaking out from bull flag, TP #1 at 2620

fibtastic5

SPY has broken down from the ascending channel defining the rally from 3/23/2020 to 6/8/2020. It's possible we retest the bottom of the channel as resistance, however, with the large amount of bearish momentum we may just continue straight down to 293. By the end of the month we should be able to tell if this is the end of the bear market rally or if it is a...

fibtastic5

TSLA to test all time highs - no known catalyst - just a YOLO call for some tendies

fibtastic5

SPY has been seeing decreasing volumes the past week. Waiting on negative news catalyst to fuel a drop.

fibtastic5

Kroger expected to do well along with the rest of the grocery chains.

fibtastic5

EU possible move from demand zone to supply zone

fibtastic5

Longing EU in anticipation of a speech by Jerome Powell at 9 a.m. EST today, 5/13/2020

fibtastic5

CLF to report earnings Monday morning, 5/11, pre-market.

fibtastic5 Updated 

Idea #1 Trust your gut, not the comments in the TV chat XD