warrenbudget

warrenbudget

I'm showing this chart in this fashion for a few reasons. Let's take a look at the EW count. We have just completed wave 3 of 3 of the largest count. Currently going into wave 4 of 3 and should wrap this up in the next couple days. The EW count suggesting that we still have another leg up is justified by the 4 overlaying indicators here- let's take a look. RSI:...

warrenbudget Updated 

Does this look like it's ready to breakout yet? 2 clean rejections, and not even near the end of the coil. Go back to 2008.

warrenbudget

Made a VISA chart to compare against my paypal TA. very similar wave structure, but paypal will have more volatility. See my short term PYPL chart for entry targets. Looking at major indexes (SPY/ DJI), the top is close. Whether youre a bull or a bear, the top of this 2019 rally is close... Algos will certainly be selling the ATH's if we even get that close....

warrenbudget

See my near term chart for wave 4 breakdown.

warrenbudget

EW count and subwave count shown. I suppose subdivision of wave 5 is also valid (not shown). We hit the 2.0 extension from wave 3 to 4. However, there is still significant confluence around the $35.50-$36 range, as shown by extension from 1 to 2, and an additional extension from IPO rally to lows. Shorts were opened this morning around $34.25 and looking to add...

warrenbudget

The touch at $0.81 shows it is not ready for a breakout quite yet. This reaction was at the long time trendline resistance. Short term: it did the same thing. I think it's safe to assume it will go back up to retest it again and hopefully get to the 50. Long-term: Look for a break above $1 after we coil down a bit more.

warrenbudget

Entry $425-$430, Target: $367-$330. 30 min chart reveals we have room to go up, but daily suggests we are near the top. Short position to bring us back to the range bound channel and fill the gap.

warrenbudget

Short entry Now and ladder thru $62,Target $50. MNST has remained within the long-term bullish channel, and returned after breaking out in 2017. Even tho I think a new bear channel is forming, there's an opportunity to catch a swing while staying in the bull channel. Gap was created in Feb 2018, and we may look to finally fill it before thrusting down. How...

warrenbudget

Entering short positions with stop losses at ATH. Target: $18. Appears we got a reaction at the 1.618 extension, creating the opportunity to reverse and fill the break away gap. Unless a completely new bullish trend is to be established, YETI will want to return to the downwards channel (or at least to the trend of that channel). Although the company probably...

warrenbudget Updated 

TECHNICALS - Gann fans and Fib retracements show us going on one more run. On an Eliot count, we can still be working on the 5th wave up. And take a closer look at the top 10 largest stocks... they all have room to go on one more run. Also, we didn't get a sharp dip from the 618 ($2720), suggesting we have room to keep going. Stoch is overbought, RSI is...

warrenbudget

Likely to get a reaction down SPX also at 200DMA. Loaded up on lulu puts!!

warrenbudget

This chart is a mess, but tells a lot. Gann fans off the high and 2 moves after. Supports at resistance of previous movements. Lots of price action in 2015 that will hold us for a bit. The Ganns help point us toward how this can play out. I have a feeling the 2020 elections will save us and start a new bull market.

warrenbudget

This company is a trainwreck. If the ABC plays out on major indexes (see my ES1! chart), we could break the $50 support here around end of March. Puts under $50 are gonna make millionares by 2020.

warrenbudget

Why mess with this when there are much better assets to trade... Shorting could be a good swing... target $10

warrenbudget

If we are doing a big ABC correction, this analysis shows how it can go down. Gant fans used to help time with major events coming up that can shift sentiment. 2 Gant fans - 1 off ATH's to Dec pivot. another from Dec pivot to 2700 target. Fib targets shown to the left from the 2 big pulls and Fib level (50/100) shown to show our recent reaction off these levels....

warrenbudget

Still lots of opportunity to swing this on the way down.

warrenbudget

Until I see a valid bull case, there's no reason not to open up long puts under $147 on this one. Long term? Sure, I have faith in it - I mean who doesnt respect Mark Cuban... But there's an opportunity to go short here.

warrenbudget

Break above neckline means we will continue to 269-270. Break under major support (back from Dec 24), means we have finished the A wave and are headed towards PT1:258, PT2: 253, PT3: 248. Lots of negative news today with Trump/Pelosi, so I like to think we have finished the A wave. However, semi conductors have propped the market up nicely today. Eliot wave...