nmike

MOD
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About me ....unusual techniques
Joined Toronto, Canada nmikeee
: )
Markets Allocation
67 % stocks 22 % forex 7 % indices 4 % other
Top Mentioned Symbols
SPY 24% | 104 EURUSD 13% | 58 AAPL 9% | 42 GLD 5% | 24
nmike nmike MOD EURUSD, W, Long ,
EURUSD: EUR/USD  Weekly Range Cloning Analysis
2155 33 49
EURUSD, W Long
EUR/USD Weekly Range Cloning Analysis

I'm using the Fib tool to divide Clones into 1/4s makes it easier to draw intermediate price targets within Clones and automatically we get price points on the chart. Price action over the previous 2 weeks and this week so far suggests further upside but likely we get a short term pull back possibly to top of reference range. If current bullish action continues ...

nmike nmike MOD USDCAD, W, Short ,
USDCAD: USDCAD weekly Range Cloning analysis.....cautiously bearish
1514 25 30
USDCAD, W Short
USDCAD weekly Range Cloning analysis.....cautiously bearish

After a strong run up from hitting S3 trend line support UC went into a consolidation phase, a big red candle broke the range and price is now between S 1 and mid point of Clone (C). Price is currently holding at a minor support, a break below could see price fall to S1 support or bottom of Clone (C), a break above mid point of current Clone could see price hit ...

nmike nmike MOD DXY, 3M, Long ,
DXY: US Dollar Index, LONG TERM Box Range Cloning Analysis.
1617 24 28
DXY, 3M Long
US Dollar Index, LONG TERM Box Range Cloning Analysis.

In the last quarter the Dollar Index broke 2 major trend lines resistances and current quarterly candle (not complete) is well above the reference range box. The next upside target is to the 50% of Clone 1. Break below bottom of Clone 1 could see DXY fall to trend line S1 or S2.

nmike nmike MOD USOIL, M, Short ,
USOIL: OIL..... a "V" shape RECOVERY or a longer DIVERGENCE BOTTOM?
2693 22 49
USOIL, M Short
OIL..... a "V" shape RECOVERY or a longer DIVERGENCE BOTTOM?

I've set the RSI at 60/40 instead of the standard 70/30, by doing so we have a better view of weak price up-strength. As you can see since early 2012 the RSI failed to move above the 60 level along with low levels of Trix , see example of EUR/USD chart posted in commentaries. RSI failed to move any higher and instead trend line support was broken and downside ...

nmike nmike MOD USDJPY, W, Long ,
USDJPY: USDJPY- DUAL CLONING ANALYSIS
3313 29 34
USDJPY, W Long
USDJPY- DUAL CLONING ANALYSIS

Significant L-H- L pivots were used to draw a triangle, clones were placed at right bottom corners in effect creating an up channel. A horizontal reference range was also added and cloned. R clone 2 boundary targets were achieved, price found support at bottom of R clone 2 and rose back inside triangle(channel).The week finished with a test of bottom of triangle ...

nmike nmike MOD AAPL, W, Long ,
AAPL: WEEKLY CHANNEL CLONING
2066 36 43
AAPL, W Long
WEEKLY CHANNEL CLONING

I've published charts on Apple in the past using channel cloning with excellent results, however due to the stock split those published charts can no longer be reviewed. Price is currently just above the all time high and just below the reference channel (confluence area). The RSI shows no divergence so it’s likely that AAPL breaks the channel to the upside, if ...

nmike nmike MOD SPX, 3M, Long ,
SPX: SPX long term Range Box Cloning analysis
1820 56 42
SPX, 3M Long
SPX long term Range Box Cloning analysis

The long term quarterly chart continues to show positive candle stick price action.Since we don't have a previous high as reference for next target, I'm using a range box cloning technique for next target(s). Next target is about the 2055 area, I've also placed other arrows as possible moves going forward.Looking at the 2 back clones you'll see that many pivots ...

nmike nmike MOD EURJPY, W, Short ,
EURJPY: A huge weekly Trix negative divergence playing out.
943 4 23
EURJPY, W Short
A huge weekly Trix negative divergence playing out.

Bearish candle stick action below the 34ma and bearish indicators point to further downside for EURJPY. I placed on the chart the next 3 downside levels including the bottom of the band. Confirmation of further downside is the Trix14 and or Fisher 34 falling below mid point. For sample set ups on this system see link below.

nmike nmike MOD XAUUSD, 3M, Short ,
XAUUSD: Gold, LONG TERM OUTLOOK
1738 13 21
XAUUSD, 3M Short
Gold, LONG TERM OUTLOOK

Gold long term outlook continues to be bearish. The long term Heiken Ashi 3 month chart still shows no green candle and below the 7ma. The next bull phase and or a short term move up will most likely begin when the RSI moves back above 30 followed by a close above the 7ma. As you can see the long term bull phase began when the RSI broke above 30 in 2001. Currently ...

nmike nmike MOD QQQ, 3M,
QQQ: QQQ LONG TERM OUTLOOK
271 2 14
QQQ, 3M
QQQ LONG TERM OUTLOOK

The 3 month cycle finished with a doji candle outside the BB(34) and at overbought conditions, signaling that the buying pressure was starting to diminish. The next complete 3 month cycle could finish as a bearish evening doji star pattern similar to the one at 55.07 pivot. If that happens it could mean a deeper correction and or a major top for QQQ. Currently ...

nmike nmike MOD QQQ, 2M,
QQQ: QQQ correcting from overbought conditions
313 3 24
QQQ, 2M
QQQ correcting from overbought conditions

This correction in the QQQ should come as no surprise. The RSI on the 1 & 2 month frames was well in the overbought area and the weekly RSI had been forming a negative divergence. On the 2 month frame price most likely corrects down to the top of channel 1 support. On the weekly frame price is currently at a support level, if falls below the next near term support ...

nmike nmike MOD BTCUSD, D, Short ,
BTCUSD: BTCUSD  update (daily)
1636 8 34
BTCUSD, D Short
BTCUSD update (daily)

BTCUSD is overall bearish. Price is close to a support area S1 and stochastic is oversold so we could see a short term bounce up to the top of price channel, if breaks channel price could reach R1 near term. Failure to hold S1 could see price fall to the S2 area or bottom of channel.

nmike nmike MOD TSLA, W, Long ,
TSLA: TSLA  cloning for targets
863 17 26
TSLA, W Long
TSLA cloning for targets

I've drawn a reference triangle connecting a H- L- H swing points. I'm using the apex of clones as future price targets. Currently we can see that TSLA has come very close to hitting a triangle apex target at 261.9ish,note that weekly candle has not finished painting. At this point my best guess is that TSLA will pull back to around the 239 level before hitting ...

nmike nmike MOD FB, W, Long ,
FB: FB weekly update
440 6 17
FB, W Long
FB weekly update

FB is currently in a strong uptrend and finished the week with a bullish candle above a trend line resistance.We have negative divergence but is not supported by reversal candle patterns and Trix is rising.It is often the case that if the CCI(50) and Fisher(34) are above mid point any dips in the Trix 5 (Trix 3 for monthly) is a long entry opportunity, vice versa ...

nmike nmike MOD VIX, W,
VIX: VIX update (weekly)
415 12 20
VIX, W
VIX update (weekly)

Using the W%R(500) to gauge the level of fear,we can see that levels below -75 SPY is in a bullish trend and levels above -75 there's either a VIX warning or SPY in a bear trend. Here I drew basic trend lines as triggers for long and short signals.Currently the VIX is rising and just below minor resistance R1. SPY is still in a well defined up trend but ...

nmike nmike MOD SPY, D,
SPY: SPY update(daily)
385 3 20
SPY, D
SPY update(daily)

Spy is currently holding just above the 181.75 pivot and the short term Trix(5) is holding above mid point. Two near term possibilities: if we break the 181.75 pivot we could see SPY fall to the .382 Fib level or to the bottom of BB(34) or we bounce up from here to test previous high. FISHER / TRIX 34ma ...

nmike nmike MOD BTCUSD, D,
BTCUSD: BTCUSD update (daily)
751 1 18
BTCUSD, D
BTCUSD update (daily)

Price below 10ma & threatening to break out of the channel to the downside.All Trix are still above mid point but are currently falling and have broken Trix channel.If downside momentum continues look for S1 as near term price target

nmike nmike MOD GBPNZD, D, Long ,
GBPNZD: GBP / NZD  daily
331 8 19
GBPNZD, D Long
GBP / NZD daily

Bullish candlestick action,price above 34ma and trend line break.See targets on chart.

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