DaBears1

DaBears1

A few things to consider going into tomorrow and Thursday. My best guess based on outcome below. Oct 12: PPI Expectations (Core YOY = 7.2/7.3) (Core MOM = .03/.03) (PPI = 8.4/8.4) Scenario 1 - Better than expected PPI report will drive the stock to 114 range and it'll close at 11.30 range (below 8.4) Scenario 2 - Expected PPI report will drive the stock to 11.30...

DaBears1

18-20% Move up or down this week. Great Opportunity to bounce back this week... But the 35.73 Line needs to hold up.

DaBears1

Trend lines from 2009 Bottom Gap fill at 4000 and I think we'll meet the 200 MA at 3915 Major shutdowns and accelerated Covid cases could mean we keep on falling. Taper tantrum or Illuminati conspiracy?

DaBears1

If the market swings lower then I'm looking to add to my position at $181, $177, and $172. An open on the upside I'll try and catch a wave up to $215 and add some puts to cover a negative earnings report.

DaBears1

IF the run is done then this is what I expect to see for August. Fundamentally, they haven't come out with a cancer cure (yet) so I'm thinking this turkey is cooked. Earnings out tomorrow so we'll see when we'll get back to reality.

DaBears1

No volume, but it could get pumped up again. Then who knows how far up it goes, especially with Futures on the rise this morning. My guess is that we see $40 by June 10th.

DaBears1

Just a thought - H&S correction into main Support (Blue Line) indicated by the blue highlights. It could happen this week or towards the end of May, early June. This week there will probably be support 42-43K and an attempted rebound that will sputter out under 50K if I'm right.

DaBears1

Looks like it can break up or down tomorrow. With low volume support and inflation concerns, I'm thinking it'll break down along with the rest of the market. Up to $181-182 and down somewhere between $161 -167. If it breaks down, I'll be looking for an opportunity to buy somewhere below $144.00.

DaBears1

A look at the SPX over the past 34 years and its correlation to Fibonacci and the major market events.

DaBears1

ABCD correction to 47K with the potential to return to main support of 30K by end of the month.

DaBears1

10 yr. T-Bill auction tomorrow may determine - Up or Down. If it's anything like last month's 7 yr. auction then it'll be $Hit Show. Auction closes at 11 AM for the non-competitive auction and 11:30 AM (Eastern) for the competitive auction. Look for the signal and make your picks wisely. Also, Fiscal Stimulus should be passed tomorrow and the stark reality that...

DaBears1

$74-75 tomorrow looks pretty likely to me, but there should be heavy resistance to move beyond. My guess is a quick retreat to support around $65. If it fails to break $75 then it'll continue into an ABCD correction with the potential trendline and retracement levels marked. Good luck!

DaBears1

Channel Descent, Support Targets, and Price Target Range prediction Current S&P 500 PE Ratio: 40.03 -0.01 (-0.03%) Dot Com Bubble PE Ratio = 43.00 Long Term Mean: 15.88 Long Term Median: 14.84

DaBears1

* Stock is up 1100% this year. * It's trading at 27 times sales (not earnings) * Average price target is $28 and is trading above the high estimate of $61 (low of $9.50) * it isn't run by Elon Musk. $38 price is still generous, but like John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.”

DaBears1

It looks like the end of the 5th Wave, where Wave 1 was extended and 3 & 5 made up .618 - Wave (5) is a contracting ending diagonal and It is bounded by two converging trendlines (red). A swift and sharp reversal usually brings prices at least back to where the diagonal began and usually far further. The reversal usually takes anywhere from one-third to one-half...

DaBears1

Down December... January too?

DaBears1

Down December is looking up for the VIX.

DaBears1

Barring no stimulus is passed and the market doesn't crash then I see it bouncing somewhere between $65 - $66 with resistance at $68, 73, and $76 moving back up. A breakthrough would probably mean $85 as a first target.