patricktapper

patricktapper Pro+

I think we have a seasonal bullish commence here. There is little supply at the extreme.

patricktapper Pro+

Watch out for a little turnaround. We are at quarterly S2 pivot.

patricktapper Pro+

I think the downside target will actually be around the yearly S2 level at approx. 6,800. Oh my gosh.

patricktapper Pro+

325 could be the correct next target. These are yearly pivots.

patricktapper Pro+

Watch out for turnaround Tuesday. For a little rally anyways. Nicely working off pivots.

patricktapper Pro+

Watch out for turn around Tuesday. For a little rally maybe.

patricktapper Pro+

Here is the SPY with weekly pivots. Trading to the tick. You can see this is looking like buyers have picked up the ball. Upside volume has increased. 1st upside target would be the weekly pivot, then R1, and then if buyers push for more they may try and close the gap level around 425.

patricktapper Pro+

Interestingly SPY is at Quarterly pivot after yesterday. This level also coincides with weekly and yearly pivot support levels. On balance volume is increasing slightly, while the Stochastic is near to turning more bullish. I wouldnt be suprised to see a kick up on Tuesday's RTH session and then maybe consolidate. Smart money on the DOW and RUSSELL are still short...

patricktapper Pro+

Next downside targets are shown on yearly pivots. Smart money increased their short positions and are two times short compared to long positions on YM and Russell COT report. ES and NQ are unusable as they are used for hedging.

patricktapper Pro+

Halfback rally for our index. Relief rally. All things considered, Monday should be a down day after most stocks on the NYSE took a beating.

patricktapper Pro+

More downside momentum. Targets are .7120 and .7020

patricktapper Pro+

Clearly flipped. Volume, and breadth are clearly showing more downside. Next targets are montly and quarterly pivots @ 423 and 414

patricktapper Pro+ Updated 

Not sure yet. Target is R2. Convergence on weighted A/D and a hammer candle was the clue for this rally to start

patricktapper Pro+ Updated 

Trading off quartlerly pivot. Volume increasing and stochastics are looking favourable.

patricktapper Pro+ Updated 

Price has stopped dropping. Favourable price action, volume and stochastic convergence about to appear.

patricktapper Pro+ Updated 

BTC recently had a strong bullish candle near long term pivots. Volume is increasing and stochastic is showing a positive convergence with price.

patricktapper Pro+ Updated 

Looking weak near all time high level. Coincides with last quarters R1 pivot. Divergence on Stochastic shows weakness. No volume on this index, but the facsimile ASX200 CFD shows volume decreasing. If you're long on any Australian stocks, think about taking at least partial profit.

patricktapper Pro+ Updated 

Divergence and levels are the same as XJO. OBV is very poor.