We're now through a 76 retracement of the last drop. Usually when we have this we open the door to a 161 extension of the bottoming range. That's a big move this would forecast in bonds. Yields more than double what they are today.
Though the year there's been endless talk about the dying dollar and run-away inflection, the USD has absolute romped the Forex market. It's been the best year for the USD in a long time. I think this may continue, with the DXY going into a hyper booom upon making the next big breakouts.
GOOG trend failure zones around 2280 - 2380 which looks like it's been broken already. Moves through the previous lows open up GOOG to 1800. Plan to cover all shorts in the 1800 area and potentially buy GOOG in the 1600 - 1700 area where it may be due to start a significant retracement.
TSLA major trend failure zone around 707. We've traded under there and although we're above there now I suspect this is a bear market rally rather than a reversal. Getting through the low again opens to door to 500 TSLA. We plan to cover all shorts in the 500 area and we're potentially buyers around 400, pending some markers hitting. We may see significant...
AAPL has major trend failure zones around 137 - 139. We currently have bounces on this level from AAPL but we're yet to see if they are lows or retracements. I think AAPL through the pervious lows opens the door to 104. Target to cover AAPL shorts is 105 and possible plans to buy AAPL in the 100 price range. From here AAPL may see significant retracement up...
290 - 294 is the level I think the bull trend failed in MSFT. We're now convincingly under this area with multiple big candle closes. I think this opens the door to MSFT into 200. We plan to cover all shorts around 200 and potentially long in the 180 area. From here MSFT may see a large retracement getting back up close to the previous highs.
AMZN has its major trend failure zone between 2300 and 1900. The actionable break may already be made under 2300 but we are still inside of false breakout tolerance. Failure of 1900 would be much more likely to signal the overall failing of the bull trend. Target on the swing break is 1500. After that AMZN may have a big retracement, perhaps heading up to...
Impulse leg down. Harmonic structure. Spike out of previous range. These are a few of my favourite things. RUT short comes soon if it's setting up. Review/reverse likely if we break my stop.
Up into good resistance levels on this. Going for a pretty basic trend cont trade.
Not the cleanest of setups but the strong divergence in this and BTC makes me interested in fading the move.
Hit bunch of stops during the run up of the day but replacing these positions now. We're into the last levels I'll be a bear. If we push higher I'll reverse on retests of the area I entered.
Hit bunch of stops during the run up of the day but replacing these positions now. We're into the last levels I'll be a bear. If we push higher I'll reverse on retests of the area I entered.
Hit bunch of stops during the run up of the day but replacing these positions now. We're into the last levels I'll be a bear. If we push higher I'll reverse on retests of the area I entered.
Hit bunch of stops during the run up of the day but replacing these positions now. We're into the last levels I'll be a bear. If we push higher I'll reverse on retests of the area I entered.
Hit bunch of stops during the run up of the day but replacing these positions now. We're into the last levels I'll be a bear. If we push higher I'll reverse on retests of the area I entered.
Does not look like the long trade would work out. Retesting the entry for that now. When patterns fail, I oftentimes reverse. This is one of those times.
We're right up to where the big decision is to made in SPX I think. Currently we've started to weaken off the strong rally over last couple hours. This may be early development of the downtrend. It's also where we can enter and have tightest stop losses. Optimal bear entry. Big trades on now. If they do not work will probably be bullish into a retest of the...
SPX trades 4000 now. I think it has maybe another move up to 4030 and then we're filling various different short entry signals. Taking final batch of OTM puts into a rally here. If we're setting up a short it should start soon. Short thesis will fail if we make a big bull break today, which will result in review of strategy used.