pxzib2

pxzib2 Updated 

... but it's something to take into consideration. A depressive Monday seems to be upon us, even though we've had some very good news over the weekend. It could be that the markets already priced the good news in with this latest run and don't have any more steam left to rally. Elon Musk planning on selling 10% of Tesla stocks next week, and his relatives and...

pxzib2 Updated 

If this insane bull run continues and the stock market doesn't take down crypto with it on Monday, then the Fib level suggest the top to be somewhere in December, with a top of around $5600-$6000. The cyan fib is long term Fib, and the yellow is shorter term Fib. By combining these two, it gives you a pretty good perspective on the price movements.

pxzib2 Updated 

If this turns out to be a rising wedge, then this could be a quite profitable trade. And this could quite possibly lead to the S&P500 printing the "head" of a massive "head and shoulders" pattern starting from September. MACD suggests weakness in the run-up as the market remains uncertain. Be quick on your feet and always keep an open mind to any outcome.

pxzib2

GME has since January, painted and suggested several wedges. Now it is breaking out from all of them. This could get really interesting. If GME behaves anything like AMC, then we are looking at a target of $1400.

pxzib2

I'm currently trading this rare opportunity. SP500 has seen a two week rally, amidst terrible news. Mondays are usually pretty bad for the stock market on average, which is why I shorted on Friday before closing. To make matters even worse, it reached All Time High, which is another reason why I think a cool down is on its way. The winter and its related...

pxzib2

If the UK Index is indeed printing a head and shoulders, shorting from here could prove to be an extremely profitable move. So much so, that I consider the profit/risk ratio to be acceptable for even the risk averse trader out there. The MACD seems to indicate a reversal as well. Good luck out there and stay safe.

pxzib2

I know nothing about this bank, I have never traded this stock, and I have never used their products. The recent outages this weekend that made headlines made me curious enough to look at the graph. That being said... MACD is not only declining, but it's also back to where it was before the IT bubble popped in the late 90's. It has simply gained way too much in...

pxzib2

The market is positioning itself for the 18 of October when the US theoretically "runs out of money". They will probably vote to raise the debt ceiling as always, but this is seriously spooking the markets. Even if they vote and solve the debt crisis, there are still many issues left. The market is still crashing, the Chinese economy looks like it is going to fall...

pxzib2 Updated 

Market is still looking bearish from a fundamental macro perspective. But I think we will see a bit of an uptrend this week to let the markets breathe a little bit after the recent blood bath. Dumb money are ready to short the index now to recuperate their losses, only to find that the market will go up instead. And just as dumb money gives up on shorting after a...

pxzib2

Weekly MACD just turned green. The worldwide power crunch is going to go down in history as one of the messiest. The energy and gas companies are going to make insane money this winter.

pxzib2

Just wanted to give you a different perspective on this stock. The repeating fractals on this stock reminds me a lot of the repeating fractals of Bitcoin and other cryptos. Just a fun observation. But what if?

pxzib2 Updated 

Just a fun thought experiment. What if you superimposed the 2001 and 2008 crashes on the graph today? Turns out it would land squarely on some very important resistance lines. MACD on weekly looks absolutely terrible, which is what led me to believe we have passed the "euphoria stage" and are now heading towards a market cool-down.

pxzib2

I have seen this type of pattern forming before massive bull runs in the past. Most notably on URC and Dogecoin where I made a lot of bread. Now I've spotted it again on PLTR. If price can't push through resistance above $30, I see a 15% downturn to $24.