Appears ES is midway through wave 2/3 in a 3 drives pattern. Measured move takes out the high.. Pretty about what happens next.. Going to be fun.
Two largest volume days EVER back to back with higher highs & lows.. Extreme selling usually marks bottoms. Watch and see.
Here's my next 3 targets. I'm not perfect and I damn sure don't see anyone else posting future targets. Subject to change as the data does.
Lots of requests for this one. Expect pull back into buy zone to load aggressive call position. Short term upside targets included. Good luck.
IWM seeing re-accumulation to complete the larger pattern targeting 115.12. I loaded June 17 $112C's at the 108.99 level aka 61.8, but we could see a little more weakness to 108.19. (Doubt it, but possible) I see a 3 drives pattern with STO coiling and bullish divergences. I expect a massive short squeeze into OPEX with the amount of short interest and those...
Ominous H&S intact, but tagged my downside target at 2031.75.. Expect H&S failure and short squeeze to 2093.50 or T2 - 2110.50. Bullish divergences showing up.
As ugly as it looks, still not at support and S1 lines up right at the 61.8 fib trend ext. I may swing this long. Watching close
IH&S or 3 drives setting up for the squeeze.. Will be interesting
This is classic distribution and looks to complete BOI at the above targets. Based on option flow, appears we may see a squeeze into end of this week. Big put position opened as notated on the chart. Rejected at the 10ema and below the 20VWMA. Player buying into October, which typically means they expect some short term strength. In context, it's a $1.8M bet,...
This has dangerous written all over. Kuroda speaking in front of Parliament every night is like Russian Roulette. Careful being long and be hedged both ways. Could get ugly for equities..
Congrats if you took the VRX trades I posted and if you've been following me. This is set for liftoff. I want to be very careful with my weekly $30C's from .12 to take profits on the largest bounce, so time decay doesn't set in. With that said, I have some really aggressive targets, which can be achieved quickly. $30 by end of week seems very plausible and much...
Really closed to hitting target 1 (off by -.14) and rejected at the 20VWMA. Par Sar buy intact with VSS still flashing sell. Watching DXY here.. Two plausible scenarios here: 1. DXY bounce taking market to 203.79 allowing consolidation for move up to 209.16 2. Keep pressing up to 209.16 before headed towards the low at $197 area I'm prepared for both. DXY...
ES at S1 and close to completing a H&S. The 10ema has crossed over the 20VWMA and both falling. Par SAR sell and VSS are both intact with volume rising, which is bearish. Massive outflows for last 14 of 15 weeks; however, we saw positive inflows through Thursday. If I were using candles, you would see a shooting star at the top of the weekly, similar to the one...
Everything you need to know right here. Catalyst and Kryptonite
There's no doubt SPY looks extremely weak right now. Support has held and positive inflows last week. Higher low from May 5th and at support. I've been as bearish as anyone on this market, but some bull short term divergences showing up. Monday is key.. We still have a huge amount of outflows to deal with. It's possible we get a bounce next week, but I can...