morning, spy looks to be heading to this local 1.618% extension of sub-wave 1 to confirm the first wave 3 impulse after that tedious correction from last month. its in a series of 1-2's in my eyes, so i think we should see this melt-up continue until the end of this year. originally my target was at around 4750, but i do think its set up currently to go...
Amazing similarity between SPX and APPL charts which is completely normal considering the weight of APPL in the market! Shown supports on the charts are really strong and lets hope for the trend reversal at these supports. If not and they can not support may GOD support the market! It is wise to consider the general attitude of the market if we want to open a...
Market tested Fibonacci 50% level during ETH session. Any retest of such level could provide direction for the day. Level to watch 4543 --- 4541 Reports to watch: US:PMI Composite Flash 9:45 AM ET US:Jerome Powell Speaks 11:00 AM ET
Who else made a bunch of free money from this? Probably not many, expect the green line to continue. Pull back into more buying and still higher before another sell off perhaps in December
It's easy to get caught up in the daily/hourly movement and forget to zoom out. This fib channel lines up pretty nicely with resistance and supports. Lets see how it plays out.
I sound like a broken record, lol. Overbought and melting up. Wants that double top tomorrow. No idea if it breaks out or gets rejected, melt ups are hard to predict. Futures selling off a bit here at the EOD, but remember tomorrow is Ponzi Friday. (It;s payday which means 401k contributions) Could just be another whipsaw day because futures are selling off a bit.
After calling the dip of SP500 here: Now SPX just hit a strong all time high resistance that can turn into a double top from which we can expect a pullback to 4430usd. Let`s not forget also that one of the FAANGs just lost 42.5Bil in post market because of a rival platform, TRUTH social, owned by former president Donald Trump. And who knows how much they will...
Summary: Investors continued the bullish rally on positive earnings reports, sending the S&P 500 to a new record close. However, it wasn't all positive, with some companies taking a beating after disappointing results. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...
Idea for AAPL: - AAPL falls below the 100 DMA and Cloud afterhours on news that productivity would be slashed due to chip shortages. - If Apple can't get chips, who do you think can? - Apple tends to lead market drawdowns. Watch tech for further weakness. 3 of FAANGM are now below 100D. - We are passed peak earnings of QE, and I believe it is foolish to not...
101 Technical analysis. 1/ Down Channel holding strong so far 2/ Inverse head and shoulder pattern under way... 3/ Symmetrical triangle underway...
close by, or NOT. -The only thing that's suggesting other wise is Inflation news + Incoming of Tapering !!! *** LIFE isn't easy it is NOT don't try to MAKE that way... LIFE isn't fair NEVER was it's never NOW it won't EVER be... Do not fall into the TRAP, the ENTAILMENT trap of FEELING like you are a VICTIM your not get OVER it get ON it. Matthew McConaughey.
101 Elliott 5 waves structure that's keep getting extended strong momentum here.
We just broke our last major trend line of lows. We have 2018 trend lines 2 of them and we have 2018's trough as well as our last and 3ed target. MKTS should/could/might have a big run a head.
Here is my guess at QQQ's movements over the next two months. - Short term target $386 - Longer term $400 Maybe, just maybe, we finally see a correction in the new year.
From a linear view this H&S was busted with todays higher high on the right shoulder. Price found support at the 2 hour MBB as the bands compress. Resistance at the 2 hour UBB. From the yellow channel's upsloping point of view this pattern is still in play.
Diagonal Rules: LD = Leading Diagonal, ED = Ending Diagonal A Diagonal is a common 5 Wave Impulsive pattern labeled 1-2-3-4-5 that moves with the larger trend. Diagonals move within two channel lines drawn from Waves 1 to 3, and from Waves 2 to 4. A Diagonal must be contracting. There exist two types of Diagonals; Leading and Ending. They have a different...
Hello traders and investors! Let’s see how the SPX is doing today! The index is doing amazingly well, and we see a clear continuation of the bull trend, as it can’t do any bearish structure. It didn’t trigger any pullback sign, and we are heading to the ATH. Now that we are close to the resistance at the ATH, we could see a pullback, but again, we don’t see any...
I kinda assuming a double top, but it also depends on NFLX earnings and guidance. Could go either way. If NFLX guidance sucks then you'll see the market turn bearish.... if not the market will wait until TSLA tanks, lol.