wordsforthewise

wordsforthewise Updated 

At 61.8% fib retracement next week, also 34 weeks would mark a good spot for wave 2 of 5 to complete. Then we would have wave 3 down, which would be a 50% loss from here. Time to GTFO

wordsforthewise

Unless this recovers 413 quick, looks like the big wedge has broken and huge, rapid volatility is in store. Expecting a 50-80% drop over the next two years. Even if it recovers this week, we have another month or two of minor gains at best before a huge volatility event.

wordsforthewise

Not sure but this could take us up to 100k in the next few months. Or, it's game over and we go back down under 10k.

wordsforthewise Updated 

This thing's about to take a shit. Down goes Cathy and Tesla

wordsforthewise Updated 

Looks like a clean rising channel. If this support doesn't hold over today and tomorrow, we could be going down to the 300s. Crucial few days here.

wordsforthewise

If this plays out I'd expect a rapid drop of $50-60. Knocking on death's door

wordsforthewise Updated 

Looks like 6 months left. We should see the 10Y yield surpass the 200-D moving average and top out around the same time the market does, likely in around 6-10 months. If we get a correction here, it'll be a chance to add longs to ride the last bit of the bubble

wordsforthewise Updated 

potential pathway we could follow. Would be like the sep 2018 correction. We have bearish div on weekly RSI. This would make a nice, massive bearish div on RSI. On the other hand, this could be it and we could go to the bottom of the megaphone over 1-2+ years with this one

wordsforthewise Updated 

strangely similar

wordsforthewise Updated 

We might get a 20-25% correction starting next week, not exactly sure what the catalyst will be other than 10Y yield, DXY, and overleveraging. If this does happen, a great target to buy is the 200D MA around 300 in a few weeks. I'd expect one more big rally as Jerome and Janet go full BRRR, then deflation at the end of the year after we get back to normal with...

wordsforthewise Updated 

The bearish div and RSI hitting the trend line is changing my mind...looks like a correction is due. It could be THE one, or it could be a correction on our way up another40%. Hard to tell at this point. One thing's for sure -- the "market" is toast (it's a centrally-planned pile of BS)

wordsforthewise

Color me surprised if QQQ breaks the daily bearish div RSI trend. Expecting a dip to 267 area starting soon.

wordsforthewise Updated 

I think we will see a moderate correction here soon, within weeks. This may be caused by TSLAs overvaluation and disappointing earnings. This correction could last a few weeks, maybe a month. Then we will absolutely rocket ship up to more new ATHs on insane stim, lower rates, QE infinity, and the true euphoric phase of the market begins. Market crashes always...

wordsforthewise Updated 

1. We broke out of the megaphone, and we are going up another 50%. (most likely) 2. We are hitting resistances from a trendline (unlikely IMO, just a feeling) 3. We overthrew the megaphone as a false breakout and are going back down to the bottom (possible, but less likely)

wordsforthewise

A pennant to be sure, with a breakout that would put the price at an eye-watering $1200 in a few weeks. But there is also bearish div on the weekly. If we break to the upside, bearish div is invalidated. What is everyone waiting for, the inauguration tomorrow?

wordsforthewise

either going up or down 12k pretty fast. I expect up. I expect that would also result in a huge correction (50%) down to 24k

wordsforthewise

possible bearish div on a longer time scale, all the way back to a year ago

wordsforthewise

could be a channel now, but it could also drop ~$100 pretty fast (1 day)