I mean.... come on. this is obvious. stupidly overvalued. its still following HS rules. just need that neckline break. WEEEEeeeeeeeee
Roku looks like it has developed a Head and shoulders pattern and is currently trading on its support trend line. I expect a pop back to the neckline and then a confirmation down which should bring Roku to roughly ~$145 which has a ton of volume. This should create consolidation that once lost, will move ROKU to $130. Long side, we should see a break above the...
Looks like we are in a wave 4 correction that is now on its C leg. This should drop us to around $430. We will most likely continue sideways ~$500 before dropping, or this could happen next week.
SPY has developed an H pattern that could be a good play either long or short. Good entry location at current price with a stop loss at 331. If $331 is lost, we should head pretty quickly to $320. On the long side, I would like to see an engulfing candle that will bring us pretty quickly back to $346. I am anticipating a short squeeze. Either shorts took a small...
Depending on where you count elliot wave. Tesla is either in its 4th wave and heading into its 5th wave. or just completed its A wave, heading back up to its B wave which should be around $450, and then heading down to either $220 or $77 which would be its C wave before it continues in the bullish direction
Following Elliot wave analysis, it appears tesla just completed wave 4 of wave 5. If this is the correct current pattern, we should see Tesla going to a full length of wave 1 which would be $350. A complete 1 of wave 3 which would be $570, or max of 1.618 which would be $732. I do not believe with how the market is that $732 will happen, but with Battery day and...
Labor days future action seems pretty bullish with world markets very green. AAPL had a hammer candle followed by an engulfing green candle (bullish), followed by a 3 bar play with a continuation green candle (bullish). We did however hit some resistance. If this trend continues, we should very quickly test $130 with a short squeeze, and possibly back to ATH. On...
INTEL has been range bound for almost 4 years. not much of a day trading stock. This year however, there is a massive gap to fill back to $56. Could be forming a possible cup and handle that could propel it to $56. It is also in a sorta bearish flag pattern that if it breaks, could drop it to $46
ETSY being added to the S&P will provide give it some momentum that should easily break this current downtrend. I am however bearish on this market still and think post labor day when the smart money comes back, we start selling even more. It does also appear that ETSY could end up creating a H&S pattern that over time would send it down to around $60
Tesla keeps following the same exact pattern. runs up $65, falls back. runs up $65, falls back. TSLA will most likely be included in th S&P 500 this week which will most likely rocket the stock to even more ridiculous levels. My price target is $540, but... For some reason, I feel this is going to $700. we shall see Debit spreads
Same with all my other posts. AAPL just hit the top of a trendline. i believe it will consolidate for the next couple days and then run just like everything next week. one last Massive short squeeze bringing this up to $140, maybe even $150. Then the election will ensue and the bubble will burst sending stock back to a more realistic overvalued price. AAPl should...
The stock market is insane right now. I anticipate one last ridiculous run before we end up crashing. the closer we get to the election, the more greedy people are going to start getting and the ensuing drop will happen. I picture some consolidation for NVDA over the next couple days and then a possible run to $600 next week. We have mild support at $535, and then...
Docu has been on an absolute parabolic move lately. Will it continue? it is currently forming a bull pennant that if the top breaks, should send this to $262. If the pennant fails, this should drop to the bottom of the pennant and could begin the formation of a bull flag. If that fails, Docu could be heading back to $152 which would be very normal after this...
Based on Elliot wave theory, the ENTIRE market is nearing its completion of the 3rd wave. This coincidentally will happen just as the IWM is completing its full 100% retrace from lows which also follows elliot wave rules. The range to look for is $360-$365 with the mean target being $362. Everyone knows the entire market is beyond parabolic and way overvalued....
UPS just formed a Bull flag that if broken to the top should propel the stock to around $178. I do see the possibility of this consolidation to the lower end of the channel which would be $155. If that is broken, we can definitely see UPS work its way down the engulfing candle and find support with a bounce around $145. There is also a MASSIVE gap that needs to be...
GOOGL has a major yearly trend line resistance that coincidentally hits @~$1700. Following historical trends, google should fail and retest the bottom yearly support trend line. Depending on what happens with the election google could once again fail that line and head to the next support line. $1500 will be retested at some point.
Gap fill complete back at 17.90, The down trend will be broken with a slight consolidation. Bull flag puts price target at $25. We may be rejected at ATH temporarily, but any momentum will carry this higher