SJ_CAP

SJ_CAP Updated 

TLDR: A market crash of 50% is not as unlikely as you may think, probably probable actually. Buy gold, buy land, buy commodities. Gather your cash, so you can deploy it on cheap stonks after and become a gazillionaire. I'm about to break down why the largest crash in history may happen very soon. A lot of very interesting events culminating right now, and if you...

SJ_CAP

SPY is currently forming a common W pattern, which occurs more often in the midst of a bear market or a transitory stage of the market. Its also currently trading within a wedge on the hourly chart pictured below. See also the 15 minute chart, and the wedge it may break soon. The chart indicates multiple bullish influences, and I will be long SPY this...

SJ_CAP

See below for chart indicators - SPY has been in a bull run since March 14th, with a (so far) retracement beginning the end of March. As of last week, SPY finished in quite the gray area - with many signs of uncertainty in both buyers and sellers. First, it finished above both its 50 ema (445.50) and above its ATH aVWAP (442.50) - using the 50 ema as strong...

SJ_CAP

I see QQQ going further down. With increasing interest rates and further FED news, the levels listed could be hit today or tomorrow - even as late as Monday 04/11.

SJ_CAP

NVDA should hit a price of 182 on or before March 21st - if this level does not hold, it should continue down near the 160 range. The Volume and On Balance Volume helps confirm this. As far as patterns go, NVDA seems to be at the top of a strong channel, and has plenty of room to descent. I will be looking for puts on NVDA in the coming days.

SJ_CAP Updated 

Get your tin foil hats ready for this one folks. It's a long shot, but just throwing this perspective out there to see how it lands in a few weeks. SPY loves to form wedges, especially after the breakout of other patterns. In this case, SPY was forming quite the strong channel since September, until it broke out in January (see chart below) Now that it has...

SJ_CAP Updated 

NIO will be at 14.50 give or take .50 on or by March 16. The On Balance Volume shows strong selling pressure on NIO, with a clear downtrend channel. Couple these technical facts with the FED rate hike in one week, and earnings approaching (which I predict to be less than pleasant, given the Geo-Political and economic climate the past two months) NIO will have a...

SJ_CAP

I have a price target of 210 for NVDA on or by Tuesday, March 8th. The On Balance Volume indicator is showing a hidden bearish divergence on the chart, with weakening bearish momentum. With current geo-political events continuing to escalate, I see it becoming harder for NVDA to break its resistances. Couple this, with recent hacking attempts on NVDAs networks -...

SJ_CAP

SPY should hit 422 on or by March 8th. Indicators show that Bullish momentum is growing weaker, while the On Balance Volume shows struggle in SPY going any higher. With surging oil prices, and an escalating War in Europe, I think SPY will have a harder and harder time breaking through it's resistances. We also have the FEDs rate hike in March, and with new talks...

SJ_CAP Updated 

SPY is currently in a larger, but similar pattern to the one it completed about two weeks ago. It appears like a slanted W, and is caused by short sellers taking profit, but bulls not having enough momentum to create a higher high. Just like the previous (yellow) pattern, price did complete a very slight higher high (0.5% both times) and should now reject. The...

SJ_CAP Updated 

NVDA slowly creeped up on Wednesday, March 2nd, with little volume (a sign of weak momentum) and closed the day with an impressive selloff - leaving price below the 15m 9ema. NVDA has two options tomorrow the way I see it. The first and most likely, is price drops to 232 and possibly even tests 226. This is will depend largely on the open tomorrow, and whether...

SJ_CAP

After potentially retesting 227, I see FEDEX approaching the bottom of this wedge (and a soft channel), and falling through - causing the price to reach 190/ 185 by the end of March or early April.

SJ_CAP Updated 

Please read related article for more details. SPY is due for another dump to 430 or further due to interest rate hikes and rising inflation among many other reasons. PUTS!!!

SJ_CAP Updated 

I am short on AAPL, SPY, and general tech today. This could lead into next week, and return to the selling frenzy we saw before earnings. See previous post about "SPY Wedge" for targets, and my longer term thoughts.

SJ_CAP Updated 

This AMD plan shows possible trade ideas for longs and shorts. -Currently, AMD has had a double bottom of sorts, and passed the previous swing high with ease. -The price still falls below the Anchored VWAPs and below the highest volume by price range (112) -Strongest buying pressure in recent times -Passed above the 50EMA with ease -MACD looks strong on...

SJ_CAP

The Moving Average Convergence Divergence Oscillator , otherwise known as MACD, is one of the most powerful and dynamic indicators, if you can learn to use it properly. It is easily one of my personal favorite indicators, and one that I currently use when scalping and day trading. Now before we get into how the MACD works on a technical level, let’s first go...

SJ_CAP

What a finish on Friday! The bulls came rushing back as AAPL earnings outperformed, and Biden has a press conference at end of day. The index closed at a key resistance, in a so far, very strong wedge. It also broke it's January down trend and the 50MA. ✅ Will SPY breakout or continue its wild consolidation inside this wedge? NEXT MAJOR RESISTANCE: 447.50 NEXT...

SJ_CAP

In the chart above, I have marked two separate trends/ wedges. SPY loves to form wedges. The orange, diagonal line is a trend that has been followed since January 10th. The orange horizontal line is a key support range. I expect both of these to conjoin, forming a wedge in the next few days. The yellow lines showcase a wedge that has already formed, and that...