insyyte

insyyte

After a long consolidation NASDAQ:PRAX appears ready for a move higher to 80. Not financial advice.

insyyte

Unable to make headway above 50% retrace of down leg. 20% price cut on expensive models don't help either. If support does not hold around 240, then 230 first target.

insyyte

$TSLA. Expansion range bullish candle yesterday easily went past my 255 target. 2-3 days smaller consolidation bars can then help launch NASDAQ:TSLA to the 280-290 gap. In fullness of time. Not investment advice.

insyyte

$TSLA. Sideways action. Bulls unable to close above 240-242 resistance. And bears below 230 support. Ping pong between these two levels. BO and close above these two levels starts the next leg. Just my opinion.

insyyte

SKILLING:NASDAQ : TSLA got hammered today and formed an outside bar. A more serious dive takes takes this down to support zone 242-252.

insyyte

After retracing 50% from the low and getting bulls excited with a break of the resistance line, $SPY is back into the down channel. This week was an outside week and the pattern is similar to that traced out in Sep 12 week. If the Sep 12 week pattern plays out expect a brutal 4 week decline of about 11% to below 2022 low. Not investment advice.

insyyte

For Mar 03 LIS: 3987. Higher Targets: 4005 4020 Lower Targets: 3975 3960 Strength continues in ON session from bullish outside day close yesterday. $USD comes in marginally, down -22% as of now providing a bid under the market. Price bumping against overhead resistance line as in chart. All that could change with release of ISM report at 0830 today.

insyyte

The pattern shared yesterday worked like a charm. Continuing to see weakness in ON session. Losing and staying below 3950 can eventually target 3900.

insyyte

Made it on #NQ_F. #ES_F stronger today and may not reach its indicated target.

insyyte

$USDX is trading off -0.66%. This has provided a bid under the markets with #ES_F up about 0.26% at present. Break down from the expanding channel can provide a swoon below 3977.5

insyyte

For #ES_F today was a failure in the RTH session of the opening strength from EU session. One for the bears. Traced out an inside day candle. Trade for tomorrow is long above today's high or short below today's low. In this kangaroo market taking profits on the way from a move of about 25 points from either break.

insyyte

#ES_F is trading higher 0.83% as it cleared 3986 LIS. End and beginning of month flows can provide a bid under this market. Next stop 4016. Not financial advice.

insyyte

LIS 3985 get tested from below and got rejected. S/L now at 3980. Tgt: 3972

insyyte

Bull case: 3 weeks weakness 6 days lower low Back testing breakout line Can rebound as Fib 61.8 level of last impulse leg gets tested. Bearish case: Weekly StochRSI rolling over Weekly McOsc rolling over Weekly uptrend line broken Can continue bearish impulse move. This week's economic data may provide clarity.

insyyte

PCE, FED fav inflation gage, today @8:30am est. $ ES_F LIS: 4008 Above 4008 and hold targets 4030 / 4050 Below 4008 and hold targets 3990 / 3975

insyyte

After excellent volatility yesterday the market has consolidated in the overnight session within a 10 points range. Expecting a violent release of energy as the channel resolves after economic release at 0830 hrs EST.

insyyte

If this week's economic data and FED speak is perceived as supportive by the market, and #USD tanks, then the inverse head and shoulders can trigger with a potential 600 points move in #ES_F in the fullness of time.

insyyte

The weekly cycle since the bear market began is again pointing down. This after 7 HA green candles. The bearish rising wedge is slowly resolving to the downside again. Will this week economic data trounce the bearish cycle remains to be seen. Remaining cautious.