NASDAQ Bank's market behavior is currently unfolding within the context of a cyclic wave pattern, specifically in its fourth wave. This cyclic wave pattern is a representation of the bank's price movements over time, and it is comprised of various phases that can be broken down for analysis. Starting from its inception, the bank's journey has been marked by...
BMO has broken down a previous Demand Line and Confirmed it as a present Supply Line. I am now looking for BMO to break below the 200-week Simple Moving average; upon doing that, there will be nothing left for BMO to hold on to and should take it down to about $43.
Goldman Sachs is another one of those stocks that's traded like a can of dog food for a very long period of time that the masses are really drawn to, much like Target, Disney, and Paypal, of which you can find calls for that I've made in the linked section below. GS is relatively significant in that it's one of the 30 components of the Dow, which is one of the...
When comparing the price action between BAC and PACW, it can be seen that both stocks exhibit the same price action, which is a Rising and Broadening Structure leading into the PCZ of a Bearish Alt-Bat, which all eventually came to a halt upon getting Bearish PPO Confirmation. This led to a breaking of the 21-Month SMA before ultimately flushing down to all-time...
Old National Bancorp has developed a 3 Falling Peaks pattern after confirming a Partial Rise of the Ascending Broadening Wedge it's been trading within. It has also confirmed MACD Hidden Bearish Divergence. Based on the price action we've recieved the expected bearish target would be between $5.73 and $1.91
As the Fed Funds Rate rises and the rise in Consumer Credit Balances come to a halt, I think it will lead to Deflationary Pressure. This pressure would likely send Short Term Bond Yields lower starting with the ultra short ones like the 1 year and below, when this happens I think we could then see this be reflected within the Mortgage Back Securities (MBS) and if...
We have the strongest form of Double PPO Confirmation on the Daily and a weaker form on the Weekly, all at the PCZ of a Bearish Bat; if it performs it will very likely begin a severe decline of up to 62%+ especially due to how much exposure it has to chinese Real Estate.
Consumer Credit has recently risen to over $1 Trillion and this rise happens to align with a 2.618 Fibonacci Extension and the PCZ of a Bearish ABCD. If we view this based on the expectations of Harmonics and Fibonacci, we would expect that this is indeed the top and that we will now begin a retrace back down to trend, which could likely land us between the 50%...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* This afternoon my team purchased shares of FinTech company Marqeta $MQ at $4...
Wait for a pullback to mentioned buy zones. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented...
This is the SPX on the weekly timeframe: It has been printing higher lows since October 2022. It has been going up and it is pushing/challenging resistance. This week closes green with a long lower wick. The RSI is really strong. More than 7 months of consolidation. The next target is set at 4,237 on the daily timeframe or the August 2022...
Money that has been parked at the Fed's Reverse Repo Facility due to the attractively high interest rates the Fed has set for money parked there has been on a steady decline since late 2022, and recently, this year we confirmed a breakdown of a Bearish Dragon, which led to a BAMM move down to complete a Harmonic M-shape. This then represented an influx of...
Hilltop Holdings has formed a W-shape, which I thought would complete an 0.886 and become a Bearish Shark, but it has since given 2-3 PPO Confirmation Circles around the 0.786 retrace instead. In addition, it has confirmed a lot of RSI Bearish Divergence within this zone; for that reason, I see a strong possibility that this ends up being a Bearish Cypher instead...
Barclays is currently trading within a Descending triangle that is visible on the Multi-Month Timeframes. It has had some wicks below the Demand Line already, but has yet to truly break down. Whenever it decides to truly break down, there are really no supports below it, so I think it will go and make new all time lows and reach one of the Fibonacci Extensions...
Bank stocks have collapsed back in March, but don't forget that markets go from pessimism (fear) to optimism (greed) and vice versa. Looking at the KBE (Bank Sector ETF) chart, we can see a completed three-wave A-B-C corrective decline after a five-wave rally, which gives us a nice bullish setup formation. So, after reaching important 78.6% Fibonacci retracement...
Analyzing the options chain and chart patterns of PACW PacWest Bancorp prior to the earnings report this week, I would consider purchasing the 10usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $0.87. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
While I believe that the markets are currently standing on the edge of a cliff and will not produce a new all time high, it's very important to note that price action is yet to confirm that, with the most significant catalyst of them all being Wednesday's FOMC. Wednesday's FOMC is important because whether the Fed hikes again and how much they hike will determine...
If you haven`t sold TFC here: Then analyzing the options chain of TFC Truist Financial Corporation prior to the earnings report this week, I would consider purchasing the 34usd strike price Calls with an expiration date of 2023-7-28, for a premium of approximately $1.25. If these options prove to be profitable prior to the earnings release, I would sell at least...