Today's game: Breakout or fakeout. Take your pick!! Definitely looks like a nice to spot to go long if you have been waiting. Can never be too confident though :)
Get ready for a short term reversal! Bonds making higher lows while equities make lower lows has been a tell tale sign of a short term bottom so far this year. As long as we see some follow through early next week, we should get a bounce lasting for at least a week.
Bull to bear. Lets see if something like this can play out :)
Bears have been doing a little too well recently! Praying I can load up around 3600-3575 and I'm expecting a couple weeks of rallying. I don't think bear market is over but we are oversold and overleveraged to the downside. Although there could be a huge crash instead, I am in favor of the bulls because of the recent put selling & key turn-date I have for...
Discovered this really cool indicator. Blue line = cross under 15 & Yellow line = close under 15. Im using heiken ashi candles for this analysis. This is just a custom breadth indicator I put together and honestly its used better if you are only looking for divergences. This is one of the best divergence indicators i've discovered especially with heiken ashi. feel...
GOOG chart not looking so hot. Likely to make new lows in a nasty sell-off. Bear flag is clear as day. Really hoping to see it play out, so I can buy some really cheap google!
Dow chart starting to look really ugly after today's close. It's looking very likely that we retest June lows, and we'll see how price reacts to those levels. If we can't get a sustained bounce from June lows, things will get nasty.
Starting to see some short term deviation between Q's and HYG. So far this year bonds have been a leading indicator, with equities and tech following behind it. It led the bounce in June and hinted at the drop again mid august. Let's see if we can get some conformation here and hopefully some lower lows. Hint: look at when they cross
junk stock short short short Definitely could get squeezed up farther but it will only be a matter of time before it comes crashing back down
I just thought this was a weird looking pattern on MSFT. No idea what it means, but I thought it looked interesting. If anyone has an opinion on this let me know. Things could change after todays close/weekly close, but this definitely an odd grouping of daily candles
VIX is a very interesting spot right now. Deep into a demand zone and currently breaking out of the upward trendline that has been acting as support. I think the VIX will go up from here, but who knows. Definitely an interesting zone to say the least!
Rest In Piece Apple Holders Your time has come. And this is my official Warning Beware. Evidence: 1) $1.3 B in Dark Pool Prints 2) Millions of premium in puts 3) Millions of premium in spy puts 4) The great TA seen above
Hoping for a continued bleed down to around 650s for Tesla. Then im gonna buy some 6/17 calls. Why would I do such a thing after this terrible CPI print?? Well, it would make the least sense to most investors. Also I believe the market will defend some of these key levels that we are returning to for the 6/17 expiration. There are far too many puts in the market...
Tlry is coiling like crazy rn. a big move is expected, and im pretty confident it will be up. I grabbed a couple 4.5 6/3 calls and im targetting around 5 for my sell. This is kinda a yolo, but I think Biden is gonna say inflation is gone and everyone will be happy again. Maybe biden will legalize weed by friday. then ill be RICHHHH
Not sure why no one is talking about GOOG at these levels. Such a sleeper tbh. 2333.33 is so programmed. I am full porting short terms calls on this. If it doesn't work out I will probably stop posting on tradingview because the market is totally rigged if Google keeps falling. Bless up !
Swing traders should always be watching the VIX. I see VIX hitting a pretty major resistance right now. To me this signifies a small period (couple weeks ish) where tech and beaten down stocks can make up some ground. When Vix hits my support line, I plan on loading up on swing puts/shorting altcoins. I am a perma bull but recently I have inverted my charts and...