nycmary

nycmary

The Dark Cloud Cover candle on the hourly leads me to believe we are about start to trend down from the larger trend. I think it's probably safe to say in the next few hours/days will start to show a lower high and lower low at the top trend. I surmise the shift of the trend and the lower high will be at about 419. All and all a pullback to 402 is probably...

nycmary

I'd consider a small pull back, and a climb towards 416, it will probably try three times in short succession...if it breaks resistance, we will probably see some retracing back to the most recent gaps, and then a less sharp progression to break 416 and move to next leg. Nothing earth shattering going to happen here, if things stay status quo...however status quo...

nycmary

This chart might not look that technical...but, it's accurate...to the best of my knowledge. After a nice deathly pull-back, JPM is ready to go another leg to beat their ATH...Good luck.

nycmary

SJM is predictably about to begin an assent towards an ATH. You can see for yourself. Also, SJM beat analyst forecasts, so they will be making adjustments in rapid succession. I would venture to say, we are at a low right now, the likes of which we probably won't see again for quite a time to come. It's value. Bullish.

nycmary Updated 

There is no measure by which you can argue Ford is about to climb. I will only highlight the most stunningly obvious! #1--The charts basically there are only two ways this will go---UP or up. There have only been three times in in Fords history where there has been a Bullish engulfing in an uptrend (each leading to a significant breakout--which for Ford is...

nycmary

If ever a stock were revving her engine...VROOM! VROOM! Now is the time. Whales are rotating and positions are coming. BIG shifts about to happen (short term and long)...

nycmary Updated 

In my opinion Wave 4 has begun and it's going to be glide for quite a time. Ride that wave. JPM Chase is capitalized and in a position to be a bawler...bawler..Shot..Caller. Dare I saw Warren will be backtracking on this one--pretty sure he's loading the coffers again with some JPM. Nothing is ever sure thing...but this is as close as you're going to get give...

nycmary Updated 

It does not matter how you look at it; even if you believe it won't break-out from the neck-line--which also happens to be the breakout point from triangle that has been forming for months--even if you don't buy that, at a bear minimum the right shoulder formation will complete and it's back to 104 in a lick. In my opinion, this is about as clear cut as it gets...

nycmary

Not sure what part of retrace and retest we don't understand. AMD is not breaking ground here...just resistance points.

nycmary

Well I'll be darned. I do believe this is a first. Look at that Purdy lil' bull flag on the AMD Monthly Chart. AMD going on a Beer run...I mean, BULL RUN!

nycmary

In the coming days I think the best we'll do is a couple more stabs at breaking the 3411 range, following a snap back to to support a former key resistance in the 3254 range...after election we from a big ol' chain climbing to break into the 3600s and beyond for a final wave (and massive Bull Run).

nycmary

I think this is a likely scenario---JPM typically forms small double bottom (Adam/Eve, Adam/Adam etc.) right before breakout to a change to an up-trend. It's where we are today. While we are not going back to highs for some time---we do have have room to bust 100...105...110...114..... Once the buy-backs come back (next year) we'll go back up a monster wave to 150...

nycmary

There are a lot of different models for this, and It's hard to determine, but some of the models I have seen have the first wave forming at the first high after the covid sell-off (96.55), but I consider that cluster part of market chaos/confusion and consolidation and therefore part of the formation of wave 1, wave 1 saw the highs of 115, initially I believed,...

nycmary

By hook or by crook, I think she's going back to gap fill territory.

nycmary

If you look carefully, you will see the three star south pattern on the one hour chart. STRONG indication that the bearish (short lived) trend has come to an end. Back up to re-test.

nycmary Updated 

There are a lot of different models for this, and It's hard to determine, but some of the models I have seen have the first wave forming at the first high after the covid sell-off (96.55), but I consider that cluster part of market chaos/confusion and consolidation and therefore part of the formation of wave 1, which saw a high 103.47, wave two was a relatively...

nycmary

Down to 97 (thereabouts) a gap up to 103…then 105….upward to 110 (ish), back down to 106 (ish) and a decent to 112-115…all in the next two-three weeks. That’s all folks. It’s all in the starts…err…ummm, it’s all in the triangles…the fractals the waves…what have you, but it is there!! All the banks will follow a similar galactic trajectory---and by “galactic” I...

nycmary

As we know, JPM's charts are not the most pretty, sans clean lines like might see in...oh let's see....APPLE. They are a bit bi-polar, so, if the shoe fits...enjoy my equally bi-polar analysis of the coming weeks.