merkd1904

merkd1904

Sixth day in a row green, massively overbought, this is going to blow off top epicly here very very shortly. Look for when SPX tags the previous ATH's. Take coverrrrr

merkd1904

Sixth day in a row green, massively overbought, this is going to blow off top epicly here very very shortly. Look for when SPX tags the previous ATH's

merkd1904

So as i was getting prepped for my weekly video i created this chart and figured i'd share. It's a fib analysis our entire posrt COVID bull market mainly focusing on major pivot lows and the top we printed a few weeks ago. The rectangles and fib confluence zones, or zones in which one could expect to find support based on the Fibonacci sequence. I mainly focused...

06:21

merkd1904

That'd be strange, wouldn't it? Especially since we just saw a Wyckoff distribution less than 1.5% ago. I understand my method is low tech, but in general if it quacks like a duck, and acts like a duck.. Overall there's something differnet about this pullback. The pitch, character, and even overall look of it are off. Something is different about it and...

merkd1904

Mainly because they're essentially "too big to fail" and with the 1-2 punch of the 737 max grounding and then COVID the fundamentals seemingly are matching the chart. Starting in 2018 BA started printing a massive diamond top reversal pattern, and whether it be via coincidence or.. whatever, the stock was already breaking out to the downside, and retesting when...

merkd1904

We have now officially broken down out of the multi year rising wedge after getting almost to the exact apex of the drawing. The measured and or implied move for this rising wedge is roughly -1202.89 points or 26.64%. When we toss up a fixed range volume profile from our blow off top in 2018 to current price action...

merkd1904

LMT is printing, and about to complete a MASSIVE diamond top after an 8 year nearly parabolic uptrend netting it over 350% or $345. The pattern suggests an implied move of about -44% for the symmetrical triangle if it breaks down, and -57% or roughly -$200 for the diamond top. If Tradingview's Fixed range indicator was working I'd have some volume analysis for...

13:54

merkd1904

So i was doing my daily update video today and came across a cool fractcal pattern and figured i'd make it my first TV video idea. On top of that i just give a quick around the horn for the ES chart i currently have up pattern and price action wise. Hope you enjoy.

merkd1904

AAPL is nearing the 100% target for the large triangle breakout from late June as well as a confluence of 100% price targets of various patterns left along the way. It is at current prices: .7% away from the price target from the small symmetrical triangle break from the past few days .54% away from the price...

merkd1904

Everyone sees it. Everyone hears it off in the distance. They've fought it tooth and nail so far. Tried to fool, trick, trap, and frustrate and succeeded. But, there are some things that are inevitable. It's almost as if they're running from something, because they know once...

merkd1904

Rising wedge broke, perfect retest and rejection happening, so far. Still lots of trading lefft in the day.

merkd1904

But this is absolutely printing on the time and tick charts currently. NDX/NQ/QQQ has a really nasty habit of making people who play bearish patterns pay dearly. Price targets marked. Not trading advice

merkd1904

But this is absolutely printing on the time and tick charts currently. NDX/NQ/QQQ has a really nasty habit of making people who play bearish patterns pay dearly. Not trading advice

merkd1904

Hey everyone, Figured i'd toss this up real quick. So what's the difference between the 2000 bull market(s), parabolic run and subsequent 50% bear market? Well, at this point it's one correction, 70 days, and 100%. The chart above is the fractal or "bars pattern" from 12/12/94 overlaid across the SPX starting from...

merkd1904

It really doesn't even need words and i've been saving it for later as i didn't want to seem too bearish as we were making new ATH's. But, we've shifted into a new cycle, they're out of room. The time is up. The wedge implies a 42% move from the highs, if it plays out. There is a .92 correlation between Fed assets, and the S&P 500....

merkd1904

Just made the structure bigger. Jackson Hole with Jpow and the T word at center stage Friday. Tick Tock.

merkd1904

Chart is pretty self explanatory. All just sitting here checking our watches restless as ever. The market knows this, and will burn as much time off the clock as possible, but it's inevitable. Time is the second most important aspect to price on a chart, can't hide from it forever. ...

merkd1904

Chinese indexes officially in a bear market. European and American Indexes starting to print possible topping patterns as well. Was China the Canary? Today I wanted to do things a little different so outside of our standard price action analysis from Friday I also take you guys through a full trend, pitch, fib and time...