Brukks

Brukks

Looks like 471ish for a final target in late June. I'm not calling a top, but the move into it looks probable based on structure. Hopefully a dip at some point and then one more consistent rally to 471

Brukks

Importance surrounding 5225 area on SPX requires an alternative to a longer consolidation wave (presented in my prior idea). If 5225 is accepted as support, then we have an ATH breakout possibility with a measured move to ~5360. If we do not consolidate further then it is less likely to make a full measured move higher. An overthrow high, or series of overthrow...

Brukks

The main view here is that the VIX is trading sub $13, likely sub $12 by CPI. So, based on structure, I don't really see a (probable) way that we complete the larger up-move to 5380+ without more accumulation. I think we will go through extremely painful high and tight consolidation and maybe make a breakout attempt in early fall. This idea will be invalidated by...

Brukks

Today felt a bit fast. Big day for volatility tomorrow with FOMC. There is a chance that we just fallout from here, but something tells me the bulls want to attempt one more time off this 5026 level.

Brukks

Fairly self-explanatory here. SPX should bounce, then see another pullback in the first 3 weeks of May. If we break and hold below 4945 in April then there is a chance for accelerated selling and I will need to reassess. Let's see how this path tracks.

Brukks Updated 

Impossible for anyone to be too bearish given the recent 'generational bottom' that has been pushed by the majority of outlets over the past 2 months, but the larger count on NYA does not appear to be that strong, for all I know, we topped last week, and any signs of weakness may see follow thru for a pattern similar to the one shown in 2024. We'll see how it plays out.

Brukks

NYSE needs participation from small caps. The total market is not free and clear. Internals, Divergence, etc...becoming harder to trust to long. We will see which direction is confirmed

Brukks Updated 

I hesitate to post this but just calling a spade a spade. We have some resistance in the next 30-50pts above today's close of ~4500. Not much else to add, no sellers, still too many shorts. We have known that fundamentals have been terrible for months, we always buy bad news and sell good news, unfortunately, I don't see good news coming until EOY. I think I have...

Brukks Updated 

It's becoming more and more clear that this play is developing. I have not started a short position and bigger funds need time to position for this play, I am hoping to start an entry near 444 for this swing short, or wait for sufficient confirmation to chase the downside. This is pretty much the first swing short I've contemplated since ATH - I have posted swing...

Brukks

Here are your long term levels for swing traders, no reason to deviate, they have worked since 2015, same old game, dull market...

Brukks

This will either be the easiest long of my life (but toughest to commit to) or we get rugpulled and i look completely wrong. I don't think many caught this bottom so everyone is continuing to chase. This up move doesn't necessarily need to occur on CPI but it does seem fitting to return to the prior FOMC price level if CPI were to come in cool and we can continue...

Brukks

Pretty critical area, higher lows looking to provide a bounce into quarter end? A lot of long term confluence in this region - just an idea / view - not financial advice

Brukks Updated 

Not financial advice. THis is just an idea. A path I see in this 'chopfest' of a region. I believe we will selloff in the tail end of September, potentially a much larger selloff than shown, but for now, I'll contain my views 9/21

Brukks

Put up or shut up time for bulls. Find the stops. Drive it up on some dreams, clear those 50dma stops later this month, print the hanging man monthly candle. Bears take this thing down in September. Break of 433.8 (current low) will take us to low 431 area which is likely last stand for the bulls before a major (accelerating drop). Let's see what happens when...

Brukks

Just like everyone else that got surprised by the fitch downgrade, we have to kind of cancel the ATH ideas for now, unless if we get a miracle in the bond market. That being said, we should probably get a rally starting here in the next few days to form what will look like, A) A cup and handle setup (look at TSLA chart for that idea more clearly shown), B) a head...

Brukks Updated 

Looks like a fairly typical fib pattern to me. We ran the 0.618 to ALMOST the 1.618. Bulls should be taking profit at the 1.618 and will attempt to reload at the major 420 support (potentially the 429 support will hold but won't have the strength to go after ATH). Seems like we need a pullback to 420, if 420 falls we'll start thinking more about the downside...

Brukks

I'm not gonna add too much fuel to this fire, equities go up and to the right, but if this were a time to test the resolve of a generation of buyers then we would probably go back to pre-pandemic highs. Really just depends if central banks withdraw liquidity and make a mistake doing it

Brukks Updated 

Lets try this again, 'Sell in May and walk Away' - i have a top around 4270-4300 occuring in the first two weeks of May, lets see how it turns out. Got the last one wrong, stopped out and played short for the last few weeks, back to bullish bias.