quakefiend

quakefiend

Description in chart.

quakefiend

DXY making a nice slightly expanding bearish pennant. May make one more push for the top of the channel. Watch for the breakout..

quakefiend

Ziggity boom digga bum diddley, whooooooooey! uh huh!

quakefiend

With today breaking the "handle" channel to the downside, a confirmation of a reverse cup and handle on USDCAD is looking very likely!

quakefiend

Nice harmonic setup on USDCHF

quakefiend

SH (short S&P500) is forming a nice falling reverse wedge pattern, also known as broadening pattern. The falling pattern is an indication that the price is likely to break out of the upper boundary. I'm personally looking for an AB=CD pattern, consolidating between 20 and 20.10, and the target at ~20.40.

quakefiend

HCP is trading in a short term rising channel, and since it is re-testing support-turned-resistance at 33.80-34, it is very likely to break out of the channel to the downside. The measured move takes us down to ~28.50.

quakefiend

pretty much just what the title says. It's time to be long short S&P! The correction is long overdue! (although the election may postpone the inevitable)

quakefiend

watch for H&S.

quakefiend

The left side of the blue target box is at the number of months the 2000 dot com bubble took to reach swing low. The right side is the number of months the 2008 crisis took to reach swing low. The top of the box is the % drop of the 2000 dot com bust, and the bottom of the box is the % drop of the 2008 crisis. Interestingly, the average of the 2 is almost exactly...

quakefiend

could the carnage be over for COP? we are now at the bottom of a potential channel. will it take another 7 years to recover? only time will tell.

quakefiend

Quantitative easing, in my opinion, is largely responsible for the rapid rise in the market since 2008. The S&P is in a 4 year channel - how long can it last before another major correction?

quakefiend

Many analysts are predicting a correction in the greater market, and here's what I think they are looking at (as well as fundamentals). My prediction: S&P will touch 1.68 (2150), then fall through support and move towards support in the 1570 area. It's anyone's guess after that.

quakefiend

Today completes a perfect AB=CD pattern for COP. First obvious short target is the .382 retracement from D, next target is the long term trendline, next target is C, and finally the last target is .786 to .886 of AB. These are my targets and are influenced by confluences I see (SR levels, fib levels, trendlines, harmonics) - you may have different ones =)

quakefiend

I'm expecting a retrace back to the long term trend line and possibly cut this harmonic pattern short and continue down on the larger bearish gartley pattern. I'm bullish in the very short term, and bearish long term.

quakefiend

Just a possible butterfly pattern. As always, wait for confirmation.

quakefiend

We have a bull flag forming now with a wolfe wave target of 79.50, at which point breaking the arc is extremely likely. Then I'm predicting a retracement back down to 69 to 70.

quakefiend

I'm hoping to see a drop from here to .81841, which could become strong support due to the confluence between the lower trend line and the .886 fib level from the previous up swing to .84. 81841 could also be a double bottom and early reversal in the wedge before the breakout. Then, I'm hoping for price to reach for .83600 for another potential reversal...