gent-trader

gent-trader

VIX needs to close above 12.20 to see lower prices and downside movement in the S&P if the 50 MA crosses the 200 MA then a major upside run will occur, may last days or weeks to a few months

gent-trader

Weekly RSI trend break and support needs to hold, if successful will break out of the triangle to the upside but now has resistance to deal with if it is successful, back test support looks good and looks like a buy

gent-trader

higher price attempts with lower technicals = sell set up, if/when this drops below next major fib 61.8 on the RSI expect lower values in the sector and lower prices in semi's across the board

gent-trader

again this was posted last week and I stand by it.

gent-trader

Target area of 24-26,000 May June July time frame, 80% gain after bull flag on the daily breaks to the upside, weekly needs confirmation of a uniform move on the RSI at the 61.8 area $SOX looks like a classic sell BTW, short NVDA actually WHAT??

gent-trader

Potential target of the bull flag breakout

gent-trader

Potential target of a breakout of the flag

gent-trader

Possible major sell set up in $SOX and NVDA as highs made with -ve divergence and rejection at RSI 69.1 on the weekly. This may prove to be the weak sector this year.

gent-trader

If you are in the markets, you signed up for things like this, simple bull flag with precise fib retracements, is at 61.8% and 100 MA don't chase big moves and don't panic.

gent-trader

Weekly price has been tested prior 4 weeks and now needs to hold at RSI break level at 61.8 to maintain healthy bullish action, a drop below RSI 61.8 would see a sizeable drop in price

gent-trader

Possible major top set in the semi's, confirmation may the this week or my fail this week. This means all in the sector will be a sell or see a correction, NVDA is also the same set up.

gent-trader

May see a larger drop in price or longer term correction or consolidation if the weekly closes under the price trend lines, drops under the RSI trend line, holds under 69.1 and MACD's cross to the down side.

gent-trader

Highest RSI since late 1995 with a weekly all time high. Every new high now comes with -ve divergence string up a major sell signal and will break other major lower resistance lines.

gent-trader

This pull back set up was on the hourly, now the daily looks to be setting up a bigger pull back but still very bullish on the weekly and monthly.

gent-trader

All time highs at the expense of the technicals as noted on the chart.

gent-trader

Major sell signals as monthly break out failed as noted on the chart, as mentioned, the break line in WTIC monthly is at RSI 50, will take a lot of momentum to break through that level, when it does look for a spike in oil stocks.

gent-trader

SPY and other indices, weekly and daily charts have -ve divergence in the RSI and under 69.1 as they test the highs, RUT has a stronger sell set up as it is stalling at RSI 61.8 on its weekly chart which is very strong sell signal, MACD's also showing -ve divergence.

gent-trader

As long as the monthly RSI REMAINS ABOVE 69.1, uptrend is intact. Until the noted RSI line becomes resistance and monthly RSI stays above 69.1 expect pull backs to be shallow and short lived, having said that, a test of the daily 100 MA is in play as the lower trend line was tested and held but monthly chart can still be in an up trend while daily chart corrects