High probability of Stocks going lower after Trump was tested positive for COVID-19, and further more presidential debates to come.
Stocks are edging up, but are having some difficulty at the technical level of 3396. After this level we have a vacuum zone up to 3427. There is very little momentum to this rally we have been seeing over the past two days, as measured by the Kovach OBV. Thus, it is likely to see another dip before stocks return to bull mode, solidly. In fact, we probably...
Stocks soared yesterday, over 100 points since last Friday's low. They finally grazed our level at 3375, then retraced a bit. The S&P is currently in a vacuum zone and could retrace back down to 3329, or even 3308, which would make a great level to buy-back. If history is a good reference, we can expect ranging in the longer term perspective until after the...
If 1929-1930 is anything to go by, about 5-6 months.
being tested
Tesla's taken a great hit today, as shares were sold off at wicked speeds. Time can only tell for the best possible entry, but I have my eye on $360-$375 based on the previous resistance from July. Any entry at this point is a little premature and I'd rather jump on the train when it slows down rather than get hit.
Stonks only go up, and have hit the target set from our Fibonacci Extensions. The Elliott wave suggests they could retrace very soon, and this would be a healthy retracement. We did see somewhat of a sell off yesterday. If we are right, the S&P should retrace to 3547. If we are wrong, it will pick up steam and rally around current levels at 3564. The Kovach...
Stonks only go up. The S&P has yet again made new highs, despite very real risk factors geopolitically, socially, and economically, not to mention an election coming up. The move in the S&P was very strong, and it has already hit the Fibonacci extension from the levels anchored on the previous relative high and low. It is difficult, but important, to avoid FOMO...
I really want to short this but picking a top on the hottest bull market stock is asking for pain. Roleplay of gametheory to fuck the market, Id say the scenario plays out that Friday the 21st is probably choppy that looks bearish, then Monday gap up to fuck all the shorts. Short on HOD monday and GLHF try not to die. Personally trying to balance not revenge...