MarlosClock

MarlosClock Updated 

GNRC is looking like a buy with short term target of 125-130. Seems like a 2nd 3 wave then should get a pretty bullish looking 5 wave up to 200ish, but may really be the end of a big 3-3-5 flat corrective wave from the bear move.

MarlosClock Updated 

If Cliff fails here look for that gap fill around 12, but if 15 hold we're looking for 17.50 and 20

MarlosClock Updated 

FOMC could lead to a strong bull run. This scenario would line up well with the Fed's schedule for rate hikes and cuts. The most bullish scenarios now have us with a 5% terminal rate by about April, then no rate cuts until late Q4 2023 to Q1 2024. This long plateau is typically when markets have peaked in the past, or upon the first cuts. As seen...

MarlosClock Updated 

Cleveland Cliffs $CLF looks primed to break out of it's falling wedge pattern. They are a Steel foundry. Up top is Iron and Steel price index, showing it's up and holding well. So that should help. CLF was a favorite on WSB last year and it was recently downgraded by Jim Cramer, so it has that going for it. Visibility at least, with this chart pattern could lead...

MarlosClock

Max down I see is 80-ish on volume profile, but it could very well hold this 10y support trendline and bounce to 140-ish. I've got some options on it both ways, waiting on confirmation. It was overbought 2020-2023 on the most advertised recession in history. But according to 2000 and 2008, it should be a great investment long term. DLTR also has better earnings...

MarlosClock

The impulse wave structure is pretty obvious here. Should get a big run on a breakout ATH confirmation with a lot of accumulation already. On a 10yr span I see a possible 1600%+ gain. Why Carrier? They are the biggest worldwide HVAC company on the NYSE and Europe is in desperate need for A/C units after suffering heatwave summers with less than 10% of homes...

MarlosClock

NQ posting B2B weekly Bull Hammers near the 2023 and Covid Bottom Bull TLs. Textbook Flat correction, long 2nd wave, short 4th wave, EWT textbook impulse wave up. Stoch and Volume trends looking like bullish reversal. Break out above 15066 POC is confirmation.

MarlosClock

The bear move on RTY looks exhausted. 3 wave Zig Zag complete. B2B daily hammer candles, daily stoch and RSI been oversold. Volume turning bull. Looking for top of the range by EOY or Q1 some time.

MarlosClock Updated 

Long story short: If it breaks out above 2k and VAH, it won't get resistance until 2200. Then after that we're looking for 2.5k->3k on our way to Tendie Town! I see limited downside here, maybe 1900/1850; but worst case scenario it catches support at 1500 or 1750 area and we just make even more money as it runs back to Tendie Town! Choo Choo!

MarlosClock

VZ had great earnings, along with their parent company T. Both putting in Three Drives Down Patterns, indicating Seller exhaustion. On this chart I'm also getting Wolfe Waves, which how I arrived at the $46 target well above VAH, but VAH should show some resistance and may be a good place to take some profit.

MarlosClock

T is near 25 year lows and put in a three drives down pattern showing selling exhaustion. It could easily run to VAH for +100%. Today's daily candle is a huge bull hammer and they had great earnings, along with VZ which they own and has a similar chart.

MarlosClock Updated 

Consider this bar pattern copy from 2000 era. This is not an original idea, this is a reminder or what has happened and could be.

MarlosClock Updated 

Axis has been ranging and consolidating for over 6 months now and has been making some bullish high volume moves lately. It could still drop another dollar to previous lows and be bullish from there; but I anticipate it making a higher low before then. BTC looks like FWB:25K support, so that could help fuel an alt rally. First target in the $9-10 range; but...

MarlosClock Updated 

We may have much further to fall, tho maybe not right away. Looking back at least 20 years, whenever NAS RSI has been 40 or less, it also tested 100W or 200W emas. Only one time it didn't, but came very close.

MarlosClock Updated 

Volume keeps dipping lower and lower. It's some of the lowest volume we've had this year. Soon, it will jump very high and prices will come down with it. There's another example from late December below.

MarlosClock Updated 

Generally, high volume is bearish and low volume is bullish. High volume bull candles tend to be bottoms and the volume tapers off as it runs up. One way to spot a coming reversal, is spotting a a substantial volume drop off from the previous candle/trend. Volume drops off when the momentum of the up/down move is exhausted. Those who were gonna sell or buy the...

MarlosClock Updated 

It doesn't get more obvious than this. We're probably headed back to 12k at the very least on a corrective wave. Fed GDP forecasts are really all you need to see to know lots of rate hikes and taxes coming soon. It's halving every year, and that's an optimistic estimate. Don't wanna spook the market. fred.stlouisfed.org

MarlosClock Updated 

This is Job openings minus continuing jobless claims. It makes the trends clear as day. There's another crash coming this year. There are only 1.7M job seekers and 10.8M open jobs. They will not get filled. They will close and the market will crash.