About meSwing and day trading is my game. I trade equities, futures, options, and FOREX. My opinions are based on technical analysis and reinforced by seasonality and statistics. Fundamentals play a role, but not the primary role in my trade ideas.
Simple chart, simple idea.
Looking at the mid term year seasonality since 1982, we may get a 4-5 day rally with the Euro as DXY looks to be in a major daily/weekly blowoff.
Ultimately the better time to buy precious metals again may be June and July.
Gold is forming a very similar blowoff pattern when compared to August 2020.
Take a deep breath. Elon is neither your friend nor your enemy. This pullback since April after the shutting down of huge BTC mining operations in Xianjang was expected.
The nice ending diagonal wave, followed by a very straightforward ABC correction, is entirely normal. This is the first 200 Day EMA (and near RSI oversold hit) we have had in 15 months.
The end of April brings a selling opportunity, historically near the FOMC statement and the bulk of tech earnings. This week we had the bulk of tech earnings with FAANMG + TSLA reporting. Combined with the FOMC catalyst I believe this is a great opportunity to either go to cash, or short the markets.
The day after the FOMC SPY posted a Hanging Man top. This...
We are watching a capitulation of long dated bonds in real time. Today's huge gap down of -2% breaking last week's lows is actually perfectly in line with TLT seasonality for the past 16 years. This is no coincidence as the March 2009 - March 2010 sequence in bonds is very similar to the March 2020 - March 2021 sequence. The Q1 FOMC in the 3rd week is usually a...
Get on board this most excellent trade with copper and stock seasonality on your side! FCX has has a great run this year with copper from the bottom rising 400%. This is a great and possibly final leg to get into for awhile that is perfectly balanced inside Camarilla pivots, which I would consider myself an expert in using.
Copper 16YR seasonality nearing a...
Gold is bouncing off a HUGE amount of supports and is exhibiting a near perfect S Wave finisher with Ending Diagonal. You could not hope for a better setup! Join in on this high quality trade.
We are lined up with post election year seasonality to the 3rd week of March when the April gold contracts start to go into first notice and roll over.
Post Election Year...
There is an excellent opportunity here with seasonality and a clean setup. This is a great time to be in euros for about a month. It is evident that start around this time each year there is a buying of Euros and selling of US Dollars into the March quarterly FOMC.
The wave setups look excellent and well structured. Since it is possible that the entire EURUSD...
There is a nice pattern forming on the parallel channel midline EU has been bound to for the last several months. I believe that combined with the Month Camarilla S3 pivot early in March will be a great long.
The seasonality is well timed for the last 16 years shown below. On average, euros are bought in preference of US dollars leading into the Q1 FOMC statement...
EURUSD counter trade could be upon us very soon back to the 50 DMA. This seems like a capitulation move into support. DXY is showing very similar.
I am looking at the 50 BBs support after a large expansion, as well as the midline of the parallel channel formed for 2020.
We have all seen the madness of the markets and crowds this week, WSB heroes are killing off hedgies with no remorse. The last time we saw similar price action to today in tech stocks was June, and more recently September. These instances followed a well defined sequence.
✅ A large selloff in 30Y and 10Y bonds, followed by a bottom and recovery
✅ Massive FAANMG...
AMZN is breaking a multi week wedge today, just ahead of the Christmas season and finally rally into the year end.
Target = 55 Day Highest close for over 7% gain, I believe by mid January before we get some overbought selloffs in the indices.