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Biding time for trading AMEX:SPY puts. Looking for entry Q3/Q4 of 2022. Sidelining until additional confirmation.

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The fundamental for the company is still bullish. * News of customer data leak didn't send this crashing down and historically the market is relatively tolerable towards data leaks . * All regulatory fines are settled and Jack Ma's lack of presence is at least indicative that he acknowledges a positive correlation between BABA's success and his attitude towards...

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End of a wyckoff distribution phase confirmed with the markdown beginning with its descent from 59k since May. If there was a double bottom built here in the current context range, I'd mark this as a start of an invalidation of the trend break and continue its ascent up. The range buildup here is now a dangerous signal and building a bearish flag . I never feel...

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Current state: * Downtrend since January in a descending triangle * Reversal at 540+ Scenario 1: 1. Local ascending triangle to push the price action back up to the trendline within the week 2. Price hovers along the downward trendline 3. Earnings hype triggers short term parabolic movement up Scenario 2: 1. Local ascending triangle to push the price action...

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Vix has been consolidating for a while, making my options relatively cheap to buy. I generally discount the fib time zone tool because it is entirely dependent on how it's drawn. It is easy to fall prey into drawing to fit the pattern after the fact and therefore very prone to being a subjective tool. But this is at least interesting to draw to get a sense of...

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Everyone will keep buying ketchup. Inflation, deflation, stagflation whateflation. Target 1: Fill the gap ($41+) Right neckline complete to satisfy the completion of the H&S. Trade active at green.

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Taking a look at FXI this time. The index has been consolidating for quite some time. There are a few folks calling the FXI has broken out of a falling wedge. I say look again and apply the trend line of the lows to the high and you can clearly see it is still stuck inside a downtrend channel. The x3 leverage index YINN and YANG are also helpful to glance at...

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Among all the mixed signals and epic battle between the bears and the bulls, it looks like BTC is on its way towards a correction wave finally (or is it). The price is within my highlighted 'High volatility area' (orange box) so expect a very volatile price movement within this area. I got lucky and saw an opportunity to open a small position selling right as it...

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Expanding on a previous chart I quickly produced for BABA using simple elliott wave cycle (where I also unloaded 100% of my BABA holdings), it looks like BABA is signalling off a classical wyckoff market cycle. As the phrase goes, a picture says a thousand words. Let me show you a picture for reference from my teacher of all things, the internet. Please compare...

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Took a nice long break from trading BTC after a bit of hiatus. It was actually nice not having to pay attention to the market and sleeping well! Let's resume back to BTC. I'm looking for an entry signal but the market is giving off mixed signals in either directions. I should first declare that I'm developing the current chart on a 1 Hr log scale. In a mixed...

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Interesting trading zone has approached for BTC !. Wave counting the subwaves within the current major trend downwards, we are sitting at a point of reversal. The 7880 resistance is a strong one to watch for as it has served as a major turning point using 1D chart since the beginning of the year. If we break through this level, next support may be found at 7650...

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Hello again everyone. Here's an update on the macro movement. If you are curious how the micro movements have been playing out, please check out my previous predictions and analysis. It looks to me as if we are trading inside a falling wedge range. What's interesting is that the apex point of the falling wedge meets around the dashed pink line (which is the...

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Only just a quick update on BTC. Many are predicting the eventual fall below the current level into the 7k area. I'm mostly in agreement, but not sure if the timing is yet here. The movent in the current level has been drawing what seems like a head and shoulders. What's important here however is that TECHNICALLY the head did not yet completely form because it...

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Accidentally posted as private idea... Current chart is with updated shoulder. +++ Another look at BTC . I initially expected the dip from recent high at 11680 and held my hands open at the 8250 mark. Unfortunately for me the drop stopped just above 8350 before bouncing back. Can't win em all! Let's take a closer look using the 5min candles as I am...

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I was a bit creeped out to see how well my approximate drawings in my previous analysis has fit into what has actually transpired. I don't want to get ahead of myself here but I think it might be actually be happening. The boss is itching to move and the name goes by BTC ! Looking at the daily chart here, I have modified the major trendlines in yellow to...

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Where exactly is Fitbit headed to? After a showing signs of a bullish gartley chart, all FIT needed was a really great earnings report to piggy back off a great bullish gartley formation. Trading movements can be somewhat predictable with TA but remember that dramatic movements require real FA. Looking at the daily chart, we see the pre-ER hype + technical...

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While BTC is doing its own thing, I decided to take a look at my stocks portfolio. Figured it was about time for a reevaluation. Today we'll explore BABA ! BABA has been on an unstoppable climb since June of 2016. Remember that I keep emphasizing the fractal nature of price movements. Let's scroll back into a 1W chart to see where we are since the last low...

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We are back at it again with BTC . If you read my last posting on BTC analysis, I was calling it as a confused bullish run. What I meant by that is that even though the chart signals were calling for a correction, it never really came. I predicted that the run will continue on until we hit the downtrend channel and then retrace back down from there. ...and...