I see the start of a down move over the course of the next 6-8 weeks to drift down to the bottom of the range in order to achieve a couple of objectives. 1. Fill the Gap from January 19th 2. Hit all the stops from Longs along the way 3. Hit the 1X range expansion of the High/Low from Feb 23rd- Mar 5th I am bullish over the next decade but right now it looks...
I have been getting my behind kicked the last two months due to this range bound market. Something that I just now noticed is that on the hourly, the 21ema (purple line) is the same exact average as the 5 minute's 200sma. They are one and the same. Since price is not respecting the hourly's 21ema, then logically, it will not respect the 5 minute's 200sma and...
Just like January 19th how price closed above the 21ema after a couple of down/sideways days, it went on to continue the bull trend. Today did the same thing. Closed above the 21 after a couple of down/sideways days. After placing a trendline at the exact 50% mark of today, I believe price should stay above it and the 21ema IF the bullish trend is to...
Friday's close has given me clues as to what is likely to happen. Using only the 5 minute chart, I have come up with my gameplan on how to attack Monday. I expect it to be choppy and will wait until a pullback into my strike zone.
I see two gaps that need to be filled. Will they get filled? I don't know. I am leaning bullish. I can see the market bumping up against the 200sma one more time before falling down to fill the gap on the bottom. Then a bullish climb higher to fill the gap higher? Or perhaps it doesn't fill the gap on the upside yet on Friday and will wait for Monday or Tuesday?...
I found an interesting pattern that has happened 3 times so far. A sell off day A gap up and fill A second gap up and fill. Sometimes doesn't fill, just continues bullish First Pattern Second Pattern Third Pattern This could mean nothing but it was something I felt sharing
Now that Monday has finished trading, I have a better idea of what is likely to happen. Price is looking like it is in a 2 legged pullback to find the next higher low. Price has been inside of a bear flag since the 27th I will be looking for shorts on Tuesday and Wednesday down into major 1 hour support for a new higher low. My stops are always 30-40 ticks...
Doing an analysis on the yearly chart, where every bar formed is 12 months. Each bull run has been in the neighborhood of 1400-2000% gain over the course of 25-33 years. Analyzing the current bull run #4, you can see that we are in year 15 and only up 500%. This tells me that we have 11-18 years left of gains before we hit that magic 1400-2000% gain. The bull...
Using the range expansion of the falling wedge from 2022 pullback, the 1.5 and 2 X range expansions are the first targets. The daily 200sma is now trending up and bullish with the daily bars trending on a rising 21ema. Any and all pullbacks should be buyable.
Price this week has been in line with a continuation of the breakout of the Bull Flag. The measured move target minimum is 6600.00 This move is just getting started and I will be looking for bounces all day off the rising weekly 21ema My ultimate target is 11,000 at year 2035. This bull trend is very clean with its bounces off a rising weekly 200sma. There...
Just following the bull trend of higher highs and higher lows. Right now it looks like another consolidation near support and a higher low from Feb 21st I think 40,000 is where the market wants to go and will just keep buying the dips.
We are currently in Secular Bull 4 from 2009-2035, year 15 of 26 Once at the top of the channel at 115,000 a secular bear cycle will commence, going sideways At 2052ish, Secular Bull 5 will start for another 26 year bull run to 850,000. I won't be alive to witness 850,000 I can see clearly now the market structure as before I was bearish and wrong. I have...
Set up is pulling back to a rising daily 21ema, when green takes out red, buy limit. That would be 39,044. The weekly 21ema is pointing straight up, indicating higher prices projected. So far this week has been a slow and steady pullback, a resting bar. Short term target is 40,000 minimum Long term target is 115,000 in 2035 Demographics tells me that...
With the weekly 21ema pointing straight up, I am looking for pullbacks for another higher low buy opportunity. One range expansion of the 2022 high/low will put it at 45,000 as the bare minimum target. I have a target area of 95,000-115,000 in the year 2035. I believe price should stay above its rising quarterly 21ema for the remainder of the bull run higher...
Overlapping the Dot Com Bull Run with today's bull run, you can see we have quite a bit of upside left. That will take it to the top of the channel at around Dow Jones 115,000 at around 2033-2036 time frame with the last bit going parabolic. I will wonder what will be in store for the next Secular Bear Correction at the top of the channel. I will worry about...
After two weeks of consolidation at a rising weekly 21ema, last week's weekly candle broke and closed above both. I don't really see any pullbacks coming soon. First target is of course 40,000 but I plan on holding for awhile as I believe this move just got started. I can see 50,000 in the future as well.
I believe after reviewing all the evidence that we still have over 11 years of bull run left to go with a price target of 15,500 by 2035. It looks like we are half way through the bull cycle. In a bull run, the moving averages fan out and start trending off the 21 and 50. I will be shifting my focus on buying and stop with the market crashes as I thought. I was...
After looking over the log chart again, I have realized that each bull run has roughly 1200% of upside before a correction or Secular Bear Market. We have had 3 completed bull cycles and 3 completed bear cycles so far and are currently in the middle of bull cycle 4. If the 1200% bull run cycle is to continue, we are roughly 60% the way there. That would take...