mortdiggiddy

mortdiggiddy

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. It's buy...

mortdiggiddy

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...

mortdiggiddy

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...

mortdiggiddy

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...

mortdiggiddy

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...

mortdiggiddy

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...

mortdiggiddy

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...

mortdiggiddy

Watching this possible breakout with buy stops. Great setup with good risk and reward off trendline support and the 50 DMA backtest.

mortdiggiddy

Newmont mining may have just published a false breakout (FBO) beneath the recent wedge formed and the 50 Week MA. We received a rare block alert ahead of the final seasonality run into late February.

mortdiggiddy

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.

mortdiggiddy

Looking for BTC to continue off the most excellent 50 DMA bounce. Wedge breakout measured move should bring it up 5-6k points.

mortdiggiddy

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...

mortdiggiddy

A falling wedge has formed for USDJPY. There is likely another short building here against the 50 DMA and another H4 RSI-14 Overbought top. Seasonality supports a short of USDJPY in the near term.

mortdiggiddy

It is time to start considering a major platinum trade in either spot or $PPLT equivalent. The measured move target of $1300 is shown and I believe we can get there by March 1 2021.

mortdiggiddy

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.

mortdiggiddy

The Q4 FOMC combined with mid December tax loss selling is a prime time to sneak your way back into the precious metals sector. It has been a great year for metals, and believe it or not the 4 month correction from August to December is perfectly normal and reasonable given history.

mortdiggiddy

Nearly every year, and especially in election years, there is a seasonal rotation back into big box tech stocks in anticipation of the long weekend and Thanksgiving. I attribute a lot of this buying to the Black Friday spree where Americans dive into big deals online and in department stores. Nasdaq futures are shown above and the consolidation above the 21 Day...

mortdiggiddy

We have waited patiently for the OCT 9 gap to be filled. This may be the trigger area near the 61.8% fib level from the September high to low. The 12+ million QQQ dark pool level should show support.