Saving this ghost candle idea for fun. It's been a decent run to say the least
If you remember from back in October 22' - The economic news media was on full panic mode. If you only listened to them, you would have been closing positions and preparing for more downside. Smart money did the opposite at that time. 1-5 Elliot Wave is something I had posted during the Oct 22' lows, expecting large demand at those levels. Now we are almost a...
Good chance that tech is finally starting to get exhausted. A nice double top pattern is starting to form on this tech giant, MSFT. Implications would point towards a pullback in July giving bulls another opportunity to go long at a more fair value on some of these mega caps. Otherwise, we could have some more headwinds after most mainstream media outlets have...
SPY holding 200ma on the weekly chart and potentially completing a 5 wave elliot pattern. Would like to see a continuation from here for another test of the 50ma weekly (200ma Daily). Great opportunities here long term and it seems like some buyers will start entering the market here.
Fib retracement from previous 2020 ATH .. 0.786 level is precisly the same value as the low of this year (12/20/2022) Fundamentals for the stock are clear as day, BULLISH Saving the idea, 2023 will see the 260 level tested. Bear trap initiated, shorts get smoked like cigars! Happy hunting.
Is this just another bear market rally? Saving this chart to keep an eye on this idea.
Saving this post for future reference. Is this selling trendline going to hold the market down? Biggest name in the stock market, crucial chart to watch.
Posting to keep track of this idea. On this given day, I am bullish on the dollar going into Powell speaking tomorrow 11/30/22 However, there has been a break of the rising wedge pattern that has held DXY up and made it so strong. The dollar will not want to roll over easily.
Publishing this to keep an idea on this idea. This in correlation to my SPX stair set are two that I am watching going into 2023.
Potential rejection here, lining up with the 50ma on the daily. Rejection here and watch the stairs for bounces.
Posting to watch this stair set pattern that I have been developing. Expecting buyers in this green trendline range. A move to the 50ma Weekly is to be expected, and from there a rejection would setup perfectly for another short position.
Just documenting this trade idea. Already entered a call on the stock and looking for different exit and entrance locations. Seems like the market has a mind of its own even during these crazy macro economic conditions.
Critical resistance was tested on the 4th of August and the RR looked great for a potenital move to the downside for the Nasdaq. Tech strength has lead this market but rejection here at a key level going into CPI data being released on August 10th could send us right back down. Bad news bears? Anyways, the chart is pretty self explanitory and the postion I have...
Well the VIX is making some good moves again, looking similar to some bloody times for the market. Yellow arrows mark the other times that we have been able to cross the 20 and 200 to the bull side. Important weeks ahead so lets see if we can hang on.
Last time we have crossed under this moving average on the weekly chart was back in March 2020. If you look over the VIX you can also find some interesting occurances on the weekly chart. Will be posting that shortly.
Clearly layed out thesis backed by multiple bearish indications. Weekly timeframe clearly showing some bearish indications as well but thats for another post.
20 years of this downtrend that may be heading for a breakout in the next couple months. I will be looking for aprox : 2.2 for a PT within the next two months. This value has been approximated using the 120 EMA in magenta.
Long term analysis moving forward we have a big level here at the 120EMA being tested today. If this financial market boom continues, we should expect WFC to get back to PRE COVID levels around $ 45.00 Watch this chart closely for a break above this EMA - Anything below this EMA has always been a dip buy! You can see it took a long time during COVID for this to...