fredpui

fredpui

I have posted previously that SPX has been bottoming around the 19th since April 2020. If this monthly cycle holds true, then we should see spx making a bottom around Oct 19 (Black Tuesday ?). Just for research purposes, there was a market crash on Oct 19 in 1987, which will be 34 years to 2021. 34 years is an important cycle. So on to examples of the 34...

fredpui

GDX Target 2.50 Similar to Silver, gold and gold miners index should be heading Down for the final leg.

fredpui

Downside expected for Silver Silver should be heading down towards the 19.60 level. It has gone 26 days down and 9 days up to 50% level. a good entry for selling would be below the oct 8 bar. Silver isn't as volatile as gold in terms of prices and you won't experience the wild swing in gold as seen on Oct 8 I am expecting gold down as well around Oct 13

fredpui

Vix has been sitting above 20 for a week now and it is looking compressed like a spring. Either way it is going to breakout hard, up or down. I favour the upside for vix, and hence bear markets.

fredpui Updated 

i have a downside target of 312 for facebook. it could get there as quickly as Oct 8, or later. Comments are welcome

fredpui

Uranium etf URA is set to go higher having completed its retrace. Its currently on it's wave 3 in the picture. Wave 3 is undergoing wave c or ABC. Target of 30.50 then 34.50.

fredpui Updated 

After the news of Square purchase of Afterpay, price of apt has been going sideways between 129 and 135 levels. Is this consolidation or distribution ? Which way will it go ? Personally i am picking the latter, just a gut feel. Lets watch this one

fredpui Updated 

SHORT ON AFTERPAY after my last post, afterpay dropped and then it came back close to previous top. i haven't been watching it for a while and it silently crept down without me noticing it. Just one of those ones. Anyway .. keep it short. I will be shorting afterpay next week when market opens and sq is on similar shoes.

fredpui Updated 

The analysis has come true. Amazon is descending as per previous post. 1st target 3182 ultimately 2951

fredpui Updated 

BEAR BEAR IS COMING TO TOWN TO PLAY Just looking at the spx500 of the most recent range down, it just managed to retrace up to 50% and pre market on Oct 4, it has fallen off that 50% level. If all is correct, i expect this move down a bit over the next 2 days and we should see the New Moon on Oct 6 to give this a big push down.

fredpui Updated 

THIS IS A DANGER SIGN ... Among all the indices, qqq seems to be the weakest and it's only one that has broken the daily swing bottom. Spx had just touched the bottom level of previous swing bottom. Oct 1 - qqq may retrace back up to that 360 level and if it doesnt close above 361 then it's very bearish from here. refer to my previous post on $Vix

fredpui

Transportation index is a leading indicator of the general economy. it too ha also broke swing bottom. Just take a look at all the transportation stocks, majority of them are on a downtrend. Bad time to come

fredpui

THIS IS A WARNING !!! CAUTION IS REQUIRED FOR THE NEXT COMING DAYS OR WEEKS. Vix has been forming higher bottoms since August 2021. this meaning more volatility is on the way. Vix is a measure of put/call volumes, the higher the vix, the higher the put ratio vs calls. Meaning the market is bearish. CAUTION !!!

fredpui Updated 

eurusd is sitting on an important support right. Right now with TLT dropping, and bond yield is up, i'm expecting interest rates to stay low or lower and USD may drop with it in the intermediate term. Keep watch

fredpui

By chance, i found there is a built in indicator of "Moon Phases" in tradingview. interestingly, full moon corresponds with a lot of bottoms in the spy, and new moon - tops. of course this is not a 100% indicator, but if you use this together with support/resistance levels, moving averages and repeating key dates, you should do quite well.

fredpui

last week tlt made a swift dropped on Friday. this could be the beginning of the drop coming. so what does this mean ? when the price of bon goes down, we should expect interest rates to stay low or lower. So could this mean a lower USD ? Let's hope so.

fredpui Updated 

Just a note : Sep 21, 2020 , AUS200 made bottom Sep 21, 2021 , AUS200 made bottom on ma200 line (close) ONE YEAR ANNIVERSARY - GANN SAID TO OBSERVE MAJOR BOTTOMS AND TOPS

fredpui Updated 

Sep21 is a key seasonal date being equinox and also full moon. Crude made a bottom on sep 21 and should be on its way up.