still in a flag. adjusted trend lines. demand in white rectangle. tomorrow should be an interesting day!
Why try and guess if we reached the bottom? Stop trying to catch a falling knife. Set alerts for these trend lines. Once the stock breaks these trend lines expect string momentum to the upside. Be patient. Let the trade come to you, don't chase the trade.
After huge sell-off market seems to be digesting the earnings and reasonably stuck in a range. Good thing is we have clear levels to trade Bad news is for those who shorted at the recent lows...or day traders who expected more volatility to continue. best course is to wait for the direction either way before making a move. trend is down, and with no...
This is my hopeful outlook on NIO over earnings. I'm stuck in 3 x $70 03/19 calls, but have accepted I may need to close at a very uncool loss if we break a new low tomorrow. Hoping recent catalysts (CNBC Fast Money, Barron's report on Korean investment, new factory etc.) can run us up over the next week prior to earnings. Also hoping SPY can put in a few...
Interesting time in the market - people calling a crash, people calling a melt up then crash etc. Why try and predict ? As a trader your job is to react - level by level , price by price. Let price action determine next outcome. Nice "Bear Flag" or "Accumulation pattern" ; you can trade the box or wait for a breakout higher / lower . If you watched today...
I have been posting that the spring and a date jan 27 time frame would be an event I feel that the downside is focused at gold ratio support and max fear this is wave A within the bear market the final low is due oct 4 of this year but we are near the bottom and will soon see a rally for a few weeks after this cycle is ended .I will post detail later...
Bearish Breakout on the NASDAQ! Price has consolidating in a narrow range right now, just above key support. This is important as a break below the 14,000 support level could indicate more downside. Here are the key levels to keep an eye on.
Hi everyone, Wild ride on the markets continues. VIX has stayed around 30 the past couple of days and moves in both directons were extremely aggressive. We have stayed in the negative gamma zone for the past 6 days and it is not unwinding just yet. That means there are even more extreme moves ahead of us. Untill we see a decent rally and VIX crush to 20s ,...
Ask yourself if you was a ruthless criminal with all the power in your hands what would you do? Ask yourself if you was a ruthless criminal with all the power in your hands what would you do? Ask yourself if you was a ruthless criminal with all the power in your hands what would you do? Ask yourself if you was a ruthless criminal with all the power in your hands...
Relative Momentum of Weighted vs Equal Weight Index ETFs
SPX has rejected the 0.382 fib level from our Jan 4 high to our Jan 24 low. This often signifies a failed reversal attempt and buyer exhaustion, thus forming a higher low within the current downward trend. SPX also appears to be forming a bear flag, further strengthening the downtrend thesis. Stay frosty out there.
First target (green arrow) if 4375 on es after open holds it up. Will try to post trades that system hits on.
I think the market is mostly waiting for AAPL earning, which come out after the bell. Whether they gab up or down, I think selling will come in. And by selling I mean, "Man overboard". 400 price level on the SPY will be an easy target. Good luck.
ETH session market has been rallying to test Fibonacci 50% level of yesterday. Any test of ETH session High could provide direction for the day. Level to watch 4360 --- 4358 Reports to watch: US:Pending Home Sales Index 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET
SPY correction moving to channel 2018 -2019 After FED MEETING
The most similar pattern I see suggests a further correction but as they say markets don't repeat, they rhyme. Do your own research. This is for fun, conversations, and journaling. Thumbs up. Let me know your thoughts. Sorry about the lag, using an old laptop today. Happy Trading.
Today, we will take a look at NFLX after a massive gap. Where is the price right now? Is making contact with a weekly trendline that started in 2017; therefore, we have to consider this level a relevant zone to think in potential bouncing or breakout movements. Bullish Scenario: The price is able to bounce on the weekly ascending trendline and makes a...
👋 HOLA team! A very rare system has triggered in our studies. This is a 7️⃣ day higher close for the VIX. We backtested the system since the initiation of the SPY (Only 11x, super rare 💎 ). What we see is that....(drum roll 🥁) the 3 days move has yielded 100% bullish move. This is quite a tell. Average bullish move has been 1.7% for 3 days. 🟢 However, given...