This chart uses symmetric trajectories from the early distribution phases to estimate the path price will take to initiate markdown. Initial target = 506-508. If SPY finds resistance at 516 then the initial target could hit by the end of this week (5/10). If SPY breaks above 516 it should find resistance at 518-520, and then the initial target will be delayed -...
New Thread we have a really big week with Jerome Powell Rate decision this week Wednesday! This is going to move the markets and determine our future outcome for sure Tuesday April 30th levels for SPY Bulls 515 and chances are this becomes your territory to go long possible outcome Bull Market Resumed Bears its a short anything under 511 Bears once 500 is...
The rise and fall of GameStop's stock in 2021 became a landmark event in financial history, captured in the recent film "Dumb Money." This saga, fueled by unprecedented social media buzz and retail investor sentiment, culminated in a historic short squeeze and raised critical questions about market access and regulatory oversight. The Spark: A Sentiment-Driven...
PLTR I've decided to go short right here. Its currently within a reverse extension 1.618 Golden Window from the first wave up. And that is within the retracement Golden Window. The current wave up has breached into higher liquidity above the upper ascending wedge trendline. So as we looked at before, if it tops here it can be a head & shoulders pattern or a...
I've made good profit playing MSFT calls over the past year. But now I'm seeing evidence that a major top is in, and there will be some explosive downside near/mid term. Sell zone is 410-420 (so if it goes to 420 I'll take that as a gift to load June puts). Expecting the reversal to the downside to begin by May 10th. Target 1 = 399 by 5/17 Target 2 = 390 by...
Palantir reached higher high but now a down move is coming heading to the bottom of green channel First target will be around 22$ where a bounce can happen
On the above 2 month chart price action has enjoyed a 340% rally from the $7 lows of 2016. A number of reasons now exist to take a bearish outlook. 1) Broken market structure printed in 2013. Confirmation of broken structure printed recently in March 2022 (yellow arrow). 2) Trend reversal. Lower high replaces higher high. 3) The rising flag pattern is...
NVDIA Corporation (NVDA) has been going exactly as planned since our latest update (February 16, see chart below) and looks very promising to hit the 1150 Target: On the shorter term, the 1D time-frame, we see one last buy opportunity arising for those who missed our earlier buy call. Based on the (-21.66%) symmetry of the current correction with that of...
I am early on that daily stoch and I know that, went in small. I believe tech drops cause rates watching 10 year and 2 year. Vol more buying selling
Bear flag showing here on spy and a few other indexes/ sector. This bear flag would be consider a handle for a inverted cup and handle. Smaller time frame looks like this spy And heres NQ We are headed back to bear flag support around 500.. from there we could either finish one more bounce higher 511-514 before finishing the leg down to 480 The bear...
Before posting this I did check through the first page of most recent and most popular threads on MARA and it was very interesting to see that every one of them is "LONG" MARA. So this is a contrarian thread. And why is that? Well aside from the skill it takes to make a correct bearish call mid bull market; MARA is a fanboy hype stock. Most of the posts are...
Walt Disney's ( NYSE:DIS ) streaming entertainment unit posted its first profit on Tuesday, two quarters ahead of schedule, and the company raised its annual earnings per share outlook as it said turnaround efforts were yielding results. Shares of the company were down 1.4% in premarket trading. Disney ( NYSE:DIS ) now expects adjusted earnings per share to rise...
TESLA Chart Analysis.........07/05/2024 Long: already at 140 level. Sl : 100 closing basis Target : 400 / 600 Enjoy ! Note : Bullish Pennant pattern in TESLA weekly chart. You have to book some profit at 400 level and also trail the stop-loss in the remaining positions.
Trendline breakout RS line breakout MACD cross below zero When macro bullish and if earnings good Then stock rocks
Check out my analysis on RIOT Blockchain and Bitcoin! I'm bullish on both assets, expecting a breakout to $73-$75k for Bitcoin and a target of $14 for RIOT within 1 to 2 weeks.
Here is a chart of SPY with the support and resistance outlined based off volume. TA can help you predict where price can go, and based off the current level its going sideways. This coming week we have earnings and FED speak on Wednesday from Powell. With inflation elevated and not appearing to decrease we can hear the same rhetoric from Papa Powell himself....
GME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH!
Price looks primed for for upside. Bull flag formation has been identified with our flag mapped out upside target. Bullish crossover of the Stochastic RSI. RSI also trending upwards. All roads indicate that bulls are priming it for more upside? Are you long or short now?