tarheel74

tarheel74

All points to me suggest 1st leg above 4600 (higher high) is over now a retest of a lower high? Market may make higher highs but I'm neutral. Commodities peaking? utilities rising stage 4 or 5 possible.

tarheel74 Updated 

This week should provide answers as we head into earnings and a new month. April is normally bullish. I'd expect a sideways down market if Fed decides to get aggressive on inflation fight.

tarheel74

If bonds, stocks and commodities rotate above and below the 12 month ma then I'd assume we are in stage 5. Feel free to comment. Comments are welcome.

tarheel74

1. Weekly RSI divergences did indicate a bounce and suggested a weekly close at 399.79. We ended up with a open at the bottom of our weekly candle and a close near the open, very negative. 2. QQQ didn’t tag the 90% Fibonacci retrace nor did the index. 3. Price is above the 20 day and rising. 4. I did add a possible i ii 5. No clear trend

tarheel74

QQQ may need more time for a break out. FVE indicator is by Markos Katsanos. mkatsanos.com

tarheel74 Updated 

QQQ is still in up trend until we start making lower lows. My notes are on the chart as I'm not expecting much of a bounce next week.

tarheel74

Stock's below 50 day is relatively low. I don't think we could expect an all out sell off right now.

tarheel74

Based on AO (near 0) I'm leaning on Triangle but Q needs to bounce here. Based on closing price we are still within 78% retrace of (a) wave. We don't have 90% for a flat wave. If bands tighten maybe that will clear things up.

tarheel74

It's been a strong ride can it hold? Inside bars on price past few weeks.

tarheel74 Updated 

4th AC and AO in sync, Bill doesn't recommend buying after 5th bar. 100 MA could provide support as price sits just at 200 MA.

tarheel74 Updated 

I notice we have lower volume while we are riding the alligator balance line up. This has to be a bullish?

tarheel74

My chart puts 160 bars in focus and as you see I'm saying wave 3 of 3 at peak of the RSI. I think we are in 5 of 3 and it appears to be an ending diagonal. So we move into wave 4, triangle or sharp? Wave 5 well I'd say 4000 or so should finish it up. Very hard to trade this long term.

tarheel74

Took AO cross as buy signal, momentum slowing some. Stop at $44.84 Can we get a run up before earnings report mid late July

tarheel74

Well it did reach the 26 ema which is rising... Now what... Not sure about miners yet.

tarheel74 Updated 

Is this ABC or impulsive? Dollar is still up trend keeping stops tight.

tarheel74

These are my targets for possible points I'm looking for. Monday and Tuesday could be down going to remain cautious.

tarheel74 Updated 

Could we close any better right at the 20 day. The AO is moving down. The long term trend is bullish. Short term maybe try and reach the lower Bollinger bands.

tarheel74

Is this a long 4th wave? Notice we are almost back to the 20 day and the 50% fib retrace. Look where the 1.618 is from the first 2 waves down around 88. If the dollar is stop dead in it's tracks and reverses maybe oil resumes the move up?