More sell signals on the daily chart. This time there were many over the past few days for American Express. I was hesitant to call this one a sell after its activity on Friday, but the historical statistics agreed there is plenty more downside. This downside coupled with multiple agreements throughout the rest of the U.S. overbought markets further helped...
Based on the closing price for the past 3 days, CAT is lighting up my trading indicators like a Christmas Tree--a red Christmas tree. The RSI algorithm fired the first sell signal. 5 algorithms agreed it was time to sell based on Friday's close which means this coming week could get more nasty than the market was last week. I have plotted all of the potential...
The algorithms, specifically, the Precise Signal is at it again. The signal is a SELL for Northrup Grumman. Historically, the Precise Signal indicating a SELL sees the stock move down an average of 10%. In fact the minimal drop for this signal with NOC is 7%. Considering Friday saw the stock drop 3% off its high, another 7% (or more) would be huge. My MTFs also...
The market was extremely bloody last night, where we saw $TQQQ trading at highs of $98.07 at one point and subsequently closing at $87.90. I believe this can be attributed to the rising bond yields trend we are currently witnessing, particularly in the 5 year and 10 year treasury yield. Between the start of February 2021 to February 24th, the 5 year treasury...
I've been trying to work on my waves cycles with the hopes of getting more accurate predictions of price movement. I have created several of these charts as private ideas but I've decided to start sharing some of them publicly. Obviously, predicting price movements even with Elliott wave theory is kind of like a shot in the dark so I don't expect these lines to...
My Fellow Crypto Traders, Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading!
I’m shorting small caps here. VIX is on an uptrend. All indexes/ assets starting to top out momentarily IMO. In combination of the stimulus package fallout and important economic data coming out soon plus a lot of highs being reached across most markets I have turned bearish for the time being. I have opened up a short on small caps as I believe they’ll be hit...
Elliott wave analysis shows we are currently in wave 2 which can retrace 100%. I originally noticed this on the S&P and posted about it, then realized the same thing is already happening on GOLD. Here is the post for S&P. I just feel obligated to warn everybody.
Elliot wave analysis showing the market is currently at the top. With the current state of affairs in the world, and the fact that wave 2 can retrace 100%, this leaves open a very good possibility of a total market collapse that still conforms to Elliott rules. On a large scale, we are entering a wave 2 correction. The standard correction can be expected to...
As we continue the declines from the top (2490.91 on September 21, 2018), we are ready to test and re-take the Christmas Eve lows. This market is the in the earliest stages of the meltdown. TV pundits keep telling you to "buy this dip," but don't be caught off guard. Based on the moves in our current intermediate wave down, we will see within a few days if wave 4...
Hey Traders, there has been some significant selling in the equities market over the past week leaving the Dow down 7.5% in 6 days! On the chart above, I have labeled a few Major structure levels. For those of you who have gone through my How to read structure tutorials- we can clearly see that price has been trading within a range for a long time. That range...
The orange lines are all the same, they show the angle of decent in our recent crashes. The yellow lines are all the same, they show the angle of descent of freefalls during those crashes. Will the market correction (aka "crash") drop us back to the previous set of trend lines, around the $200 - $220 range? Would you say I'm crazy if I told you I wouldn't be...