sngyuchao

sngyuchao P

I was wrong about SE way back in December last year. Price has since doubled. To be honest, I am really surprised that they could show positive financial results in the last earnings. Although I've yet to scrutinize the numbers, I do believe that it won't matter. I look at the macro environment and I look at charts for opportunities. Now the chart is telling me...

sngyuchao P

I had recently publish the idea to short and now I am re-iterating this with an update to the count. While I had expected another small wave up in my previous analysis, I did not expect a throwover. If you had traded with the previous published idea (linked here), you should do well if you had managed your risk well. This, for you, will just be an update to the count.

sngyuchao P

The market recently have been quite frustrating for EW analysts. The primary reason is because of combinations. Let me explain: If there are 2 things that can kill an Elliott Waver anticipating a reversal, they're extensions and combinations. Especially frustrating are combinations due to the fact that they are corrective in nature and hard to anticipate a...

sngyuchao P

The shape looks good enough to attempt a short here. Keep the risk small since it's FOMC. Maybe don't trade until after FOMC. Up or down move today could be really violent.

sngyuchao P

Well, just trying to see if there is any chance that we are at the top already. And 1:1 ratio looks good to me. Not to mention that this leg unfolds in 5 waves. Not attempting a macro count for the moment as it looks confusing with the massive liquidity in the market. Keeping it short term.

sngyuchao P

From the above 2 charts, it seems like Nasdaq and S&P500 are on different cycles. Note that the Nasdaq was a recount. I had previously counted the same way between Nasdaq and SPX but the breaching of the last wave down necessitate the re-labelling of the counts.

sngyuchao P

I came across an EW counts from a fellow EWer in Twitter but found the counting weird. So I decided to do my own counting. To my pleasant surprise, ARKK is a Fibonacci extension darling (and I love it when a chart follows Fibo levels). Warning: because of my tendency to love fibo levels, my psychological bias might force wave counts to fit (hopefully this time it...

sngyuchao P

I cannot stress this enough: we are going to see volatility explode really soon. From what I see from the 5 mins chart, Tuesday might see a lower opening that will be the lowest the market will see in some time. Ending diagonals are significant. And they are also incredibly reliable patterns. I had traded this pattern multiple times when I was a professional...

sngyuchao P

Elliott Waves is sometimes not tradeable. The reason is because there is no known method for predicting combinations and extensions (not that I know of anyway). So an Elliott Waver does what he can and tries to predict based on no extension or combination (extension may still be predictable with a certain accuracy if wave 3 falls short). Anyway, this is already...

sngyuchao P

Building on my previous analysis on HSI, now we have hit the price target (even exceeded), and we have 2 additional confirmation: exhaustion gap and reversal candle. Now is the time to short with a SL slightly higher than the high of today.

sngyuchao P

Based on my Elliott wave counts, HSI should see another 700 points potential to the upside before coming down. For now, I will caution against going long but be prepared to look for signs for short. Thus, this idea is published as a short.

sngyuchao P

The USDJPY shows the strengthening of the JPY and that warns of more risk-off in the financial markets. This will mean more expected sell offs.

sngyuchao P

As the chart clearly mapped out, I am expecting that crash of Nasdaq (, S&P, and DJIA) to be inevitable. Yesterday, Nasdaq has already broken down the trendline support, even though it rallied back the last 3 hours of trading, it didn't recover sufficiently to make it back up above the trendline. However, what can be seen (but not drawn) is a 5-wave completion of...

sngyuchao P

Technically speaking, we can refer to the previous circled period where price temporary moved up above the VWMA. Similar to the price action during this period, I would expect SE to make new lows. Additionally, I expect that the company will announce the following within the next few months: 1. Job Cuts 2. Hiring freeze 3. Pay cut My suspicion is that the...

sngyuchao P

I've previously made a short call for AAPL. I just want to update here that the call still stands. The recent increase of prices for various Apple product shows more weaknesses in the business than strength. Previously they could raise prices indiscriminately due to strong (and foolish) fan base. With the global shortage of chips, AAPL is trying to make up the...

sngyuchao P

I've been calling for SE short since the very week that it made the peak. My last 2 calls were for 1 short and 1 technical rebound. Well, the rebound did not invalidate the long-term SE short call. I've also voiced my opinion that Shopee's cost cutting is a little too little, too late. As of now, nothing changes. But the cost to rectify gets heavier everyday for...

sngyuchao P

I am calling for a short in AAPL and actually the general equity market as a whole. I've already put up short calls recently and re-iterating is just so that more people might take note. So for those of you who wants to get your hands on an Apple product, maybe you can get Apple to pay for it by having a negative position of its stock and paying for whatever...

sngyuchao P

I am basing this call purely on the notion that TSLA has broken down the trendline and using Fibonacci extension levels and support lines to see where the price targets could be.