investingOGE

investingOGE

On AMEX:SPY We have just completed a "smaller" deep crab with a potential pullback as far as $477 or so with a larger deep crab that could take us to $560's if we hold this number. We have our first failure/pullback area recently completed. There is a lot of room to pull back.

investingOGE

AMEX:SPY has the potential to 465 or before reversal as there is a large pattern that will attempt to complete there giving us a large reversal zone. The initial pullback should only take us to 430 +/- but I assume as we fill each gap we will attempt a reversal on the way there. If we push and hold before this 5-0 has a chance then the possibility of...

investingOGE

Several of the same pattern have been working themselves out. We are getting to the completion and should start seeing a reversal and at least 50% retrace in this area.

investingOGE Updated 

Some add ons to my previous idea and added reason for my analysis. The dips bounced off of the 200 MA. If MM's decide to shakeout I see a strong reason to bounce around $1.50 area. Trend line + Fib line. On the run up I would expect some MM's messing with but if BTC runs I don't see many reasons that ADA (and ALGO) for that matter would not run hard with it. On...

investingOGE

I have been bearish on Cardano until this recent move down. There is still the possibility of a shakeout down to $1.45 - $1.50 but imo the down move is nearly complete. It is at a previous strong level of support and is getting bought up as it dips. Cardano tends to enjoy running to the X.272 fib range (Daily Chart). My opinion, not advice.