Think we're going into a melt up. Powell all but confirmed a rate cut. Last week I mentioned watching Bonds closely, and that played out well. I've had a long term target from 2017 coming into play here, we'll see what happens and if technicals remain relevant over longer time frames. Earnings next week can shift the narrative either direction. I think much has...
On a long time frame, we have a “three little Indian” pattern consisting of 3 peaks and 3 rivers. Expect accelerated selling once we return to the 2nd peak high buy institutions From $3000 - $3047.38 (The 2008 Financial Crisis 2.618 Fib Retracement Level) I expect selling pressure to be heavy. We have already fallen out of the most recent ascending wedge 2 days...
I'd expect more volatility next week than the $33.75 move the options market is pricing in. I'm leaning bearish going into next week. Not willing to commit to it unless I see a higher time-frame divergence though. Leaning bearish because the underlying reason the market was rising was Fed rate cuts, which was a damaged with Friday's uber strong jobs report, it...
$53 expected move. Larger than prior week despite going pretty much nowhere. More interestingly, there's a $35 expected move for Monday (marked in gray) The $35 Monday move is the result of the G20. We might hit $3,000 next week. Goodluck next week gentlemen - RH Last week: $SPY $SPX $NDX $QQQ $RUT $IWM $DIA $DJT
Leaning slightly bullish due to the weight of the evidence but there are too many binary events coming up in the coming week that could throw off my thesis. Plus we rallied so strongly the last 3 weeks that I wouldn't discount the fact that the market might just consolidate while it waits for the G20 meeting. Blew through last week's expected move ($41) and had...
DJT move since 24 December looks like an impulsive 5-wave pattern (With RSI divergence). Retracing to 10k is possible with coming earnings reports and profit taking. 10k - 9.5k will offer good risk/reward ratio. It would be wise to keep an eye on this.
Neutral Call. I think the ' h-Pattern ' we have here will provide a nice bump in price but I think selling pressure will keep the market relatively rangebound especially during next week's shortened 4-day week. Our Standard Deviation trend lines have been working quite well. I believe we have enough data to call them reliable. I highlighted in a green circle...
Target $2911 Gravity Point
Last week's call had me nervous for a second there. A very chaotic week, but I had several opportunities to put on a couple positions. Hats off to anyone who waited for that upper expected move. (two opportunities) Large expansion for the expected move from last week to this week = expect volatility to pick up. Couple quick notes: - 10 yr / 3 mo yield inverted....
For what it's worth, I don't have any Gravity Points identified under the "Gravity Point Very Hard" Chart Dump this week. See what I see. Last Week's Post Other Relevant Charts: (One Last Rally) (Interesting Development) (Kings Crown) (Extremely Useful) (Combo Equal-Weight Indice Chart) (Extremely Useful) ...
Not a whole lot else to say other than that. Transports are the brother of Small Caps in my opinion as far as leading the rest of the market. Just want to point this out because it's a canary in the coal mine and easily missed. 1 Wk % Change: SPY: -4.55% NDX: -4.92% DIA: -4.44% IWM: -5.52% (Leading) DJT: -10.14%......?
The DJ:DJT chart corresponds to an update of the chart published in the article "Trading the Dead Cat Bounce Pattern." TheLiveTradeRoom
Last week's Implied Volatility was $49. This week's Implied Volatility Expected Move is $47. So another volatility contraction right? Wrong. We've got a holiday next week folks and we've got three and a half trading sessions. Given this, I'm inclined to say it's going to be a pretty volatile week. I zoomed in to the 15 minute time frame here, as opposed to my...
The DJT daily chart corresponds to the chart published in the article "Trading the Dead Cat Bounce Pattern."
It's getting dicey out here. Huge moves in the market this last week. Last week $90 expected Move. We moved all of that and then some. Next week only a $65 expected move. We saw that kind of action in the S&P's on Friday. All of next week, we're supposed to move $65, but we did that on Friday. I anticipate the price action will move OUTSIDE of the expected move....
Shares of the S&P 500 (SPX) are in serious trouble. We've violated a multi-year trend line going back to recession lows of 666 (white line), sliced thru the major moving averages like the government slashes through our money, so I'm officially calling the uptrend over... until proven otherwise, sell in to any strength and hedge yourself! Happy trading and be...