It's the last week of the year and it looks like the market will be making a move here soon. Price is in an uptrend but consolidating inside a wedge pattern. This means price is building energy and ready to make a move to the upside or downside. Since it's difficult to predict, I would wait on the sideline until confirmation. The trend is your friend until the...
S&P Analysis Week of 12/13/2020: Will Selling Continue? Will the S&P continue to sell off this week or will it make new all time highs? There has been a lot of whiplash and volatility over the year and last week was another good example. How many people thought they were in a good trade making profit only for the market to come back and take it away and...
Over the last several weeks, my trade setups have been spot on and my returns on the S&P have been outstanding. Check them out in my profile. As usual, I keep my charts super simple because I think markets are complex in and of themselves. Finding a high probability setup without all those noisy indicators (MACD, Volume, Moving Averages, and all the other ones I...
I usually only post one trade idea a week for the S&P, but this week's trade idea produced an excellent trade that I closed it and may look for another trade setup for the second half of this week. Check it out. It was a long trade setup out of a triangle wedge. The market today (Tuesday - 10/6) had a violent reversal after it looked like it was melting up...
As usual, I like to keep my charts as simple as possible. My last two weeks have been spot on and I was able to make some nice profits. This week I'm keeping it even simpler. I do NOT try to predict the markets. I take the high probability trade setups the market gives me. I'm waiting for either a breakout above the diagonal trend line (with a retest) and then...
Here are my two trade setups for the week of 9/27. Last week I was able to successfully take my trade setup that I posted to the downside and it was very profitable. At the end of last week's session, there was a strong surge up after price retested 3200 for a third time (confirming strong support). The big question is, is that indication that price is going to...
SPX retested parallel channel twice already... looks like it's gonna have a third go higher up. 3000 seems psychologically inevitable at this point.
Central banks around the world are coordinating in a last stand to prevent global meltdown. So - they're about to decide massive liquidity injections into 'their economies'. China, the USA, Singapore are already on board. Expect Germany to follow cuz the German economy is on the brink of a recession. What this could mean is a number of things: 1. The punters...
1) FED Repo QE 2019/20 (higher than 2008 financial crisis) 2) Nearly 80-120% gain in TSLA & AAPL in 3 months 3) Mysterious Trade Deals/Talks 4) Rising GOOD price since months 5) Lemmings on buy a great fake economy is here 6) Indicators are overheating We really don't see good, yearly economic gain. Soon we will face a new financial crisis, created by USA,...
MELT UP ALERT - PRICE TARGET $100 0. Read all my other posts for analysis. We are going into complete melt-up, full-tilt, shorts get killed, rally mode, with absolutely no regard to fundamentals or anything else folks. We were waiting for the January Breakdown, but unfortunately this AMD stock has a DEMAND zone at $45 that is so ridiculously skewed to the...
Place your bets Ladies & Gentleman... How are you planning to ride out the inevitable?