mikestoneusc

mikestoneusc

SP500 Futures are sitting right on the 50MA at approximately 2862 this morning before the open. Striking similarities with the 2018 fractal. The market topped, paused briefly on the 50MA. Upon breaking the 50MA, the market plummetted nearly 392bps in a single session on a red 5 candle (TD indicator), which is exactly what it's setting up to do now. If the 50MA is...

mikestoneusc Updated 

I must admit, I've been bearish this entire ascent. Taking a step back, the trend is clear as day--the SP 500 is trading firmly inside an ascending channel. I tend to disagree with those that have drawn the upward channel more along the lines of an ascending wedge--in other words, there's room to run to the upside. The ascending wedge pattern shows less "room" at...

mikestoneusc

BTCUSD (Coinbase) perfectly touched top of rising channel at circa 5900. TD Sequential showing 9 reversal candle. I see us pulling back to bottom of channel or even longer term uptrend support around 4200-4400.

mikestoneusc

I've been following, waiting patiently for the breakdown. The market was unstoppable, nothing could shake it. Yesterday's reversal was bizarre, but the breakdown provided a wonderful buying opportunity (short). Further breakdown to come...lets see where we find support.

mikestoneusc Updated 

SP500 Rising Wedge Formation

mikestoneusc Updated 

SPXS declining wedge pattern coming to ahead in the next few trading days. Watch for a daily close breakout and load up on your SPXS longs. RSI screaming oversold. VIX starting to show uptrend meaning impending volatility. Hold on to your pants.

mikestoneusc

Hold tight unless the uptrend is invalidated.