BigMouse777

BigMouse777

TLT is at a very well-defined resistance level and overbought. The MACD is also elevated to the same level where we last saw a steep reversal in the price of TLT. To short TLT, I suggest the triple inverse ETN of TLT called TMV.

BigMouse777

Wheat futures have broken out of a falling wedge pattern on positive divergence. The price broke out of the wedge to the upside, then it back-tested the wedge from above, and proceeded to move up aggressively today. This is an objective buy signal. The most common investment vehicle for this trade is WEAT, an ETN backed by wheat futures.

BigMouse777 Updated 

Natural gas is packed in a tight falling wedge pattern. It is at historic support too, going back to August of 2019. Another point worth mentioning is that the price of natural gas defended this support on February 22nd of this year and produced a >40% rally, peaking on March 3rd. Virtually every timescale from the minutes to the weekly show positive divergences...

BigMouse777 Updated 

ZW1! is coming unto and already has defending a key trend line that's part of a large uptrend. The PPO is extremely stretched and the RSI is clocking in oversold readings. These readings in conjunction with the uptrend remaining intact offer an objective long entry. Moreover, the recent crossovers on the PPO have been particularly clean - each one on its own...

BigMouse777 Updated 

LQD just bucked a very important trend line. If investors have indeed lost confidence in corporate debt and we see follow through, then I see this as a bearish signal for stocks too. Typically the bond market is known to be correct over the equity market as large institutions with more knowledge than retail traders deal with bonds directly. To see corporate bonds...

BigMouse777 Updated 

Sugar has just broken out of a falling wedge pattern which could also be bullish flag. Nothing too complex, but I marked out where any divergences have played out coupled with the RSI > 65 signalling intermediate tops. I think sugar has anywhere from 5 to 10 percent to go up before marking another intermediate top. For this trade, use the CANE ETF. I would...

BigMouse777 Updated 

TLT has pulled back to a very key trend line with additonal supports coming in below. On the hourly chart, we have positive divergence on TLT meaning we should see upside soon in the short term. Given the postures of the markets and how treasuries act as a flight to safety asset, it is reasonable to assume they will go up in price as stocks fall. For this trade,...

BigMouse777 Updated 

SOXX is on the verge of a major breakdown, much like the one that lead to the melt down in Q4 of last year (followed by a ~20% drop after the trend break). However, we are not there yet because we are resting on support. The main, long term pattern we are looking at is a bearish rising wedge. Within the wedge we also have a symmetrical triangle which was entered...

BigMouse777 Updated 

Looking at the long term chart, soybeans are poised to make an aggressive move to the upside. However, this can happen in two flavours: a failure at the 9.224ish level followed by a correction and an extension of the building divergences, or, a break past that level followed by more upside. If the price hits the aforementioned price target and stalls out or...

BigMouse777 Updated 

A technical pattern which has had a virtually 100% success rate is in effect now: look for positive and negative divergence on the CCI, coupled with a PPO-9EMA crossover and a break of support or resistance. There has not been a crossover on the PPO yet but it is flattening out nonetheless. Right now I highly suggest scaling into UGAZ and setting a stop below the...

BigMouse777

Natural gas has *potentially* breached through a massive resistance level that marks the falling wedge pattern's upper limit. I say potentially because we need more follow through first as confirmation because the price might sink back within the pattern and keep grinding lower until the real break occurs. On the daily charts, we definitely have the positive...

BigMouse777

The support and resistance levels coincide in an uncanny manner with the Fibonacci retracements. Once again, the price was rejected off of what looks like a mini double top and has already (almost) made it to the support level. We may see a bounce to form what appears to be a triple top or a brief overshoot as the negative divergences on the PPO and RSI get...

BigMouse777

Cotton futures are currently caught in 2 separate bullish descending wedge patterns on positive divergences. There was one instance where the divergence did not play out, however this divergence was only visible on the RSI (August 2018) which is why we look for both. Coincidentally, assuming we have reached a bottom in the price of cotton futures, please...

BigMouse777

This is an extremely volatile stock that has previously been suspended for months whilst under the investigation of Canadian regulatory agencies (April to August of 2018). I think it goes without saying that this is some kind of manipulated pump-and-dump shell company given its horrid fundamentals. With that said, this stock could potentially be gearing up for a...

BigMouse777

BAL has hit its long term downtrend support on positive divergences after breaking down from its continuation triangle. Now, it is reversing. We will need to see if it can break the 39.60 resistance level and then continue to break out of the down-trending channel.

BigMouse777

CORN has broken out of a bullish descending wedge pattern to the upside, entered a bearish rising wedge, broken down and back-tested the previous resistance level before bouncing back. There are positive divergences on the charts which suggest a much longer up trend in play. These positive divergences can also be seen on the weekly and monthly charts of CORN which...

BigMouse777 Updated 

The price of oil is currently squeezed into the apex of a bearish rising wedge pattern and is beginning the implied breakdown. Negative divergences can be seen on the 1H, 2H, 3H and 4H chart whilst the PPO signal line is still negative on the 1D and 1W charts which shows the underlying bias is bearish. There are clear support levels below which I have found on the...

BigMouse777

Silver has broken out of a multiyear descending triangle pattern to the upside. Typically a descending triangle is a bearish pattern so for it to be foiled and having gone to the upside is extra bullish. Moreover, silver entered a bullish falling wedge pattern right after, back-tested the initial triangle's resistance-turned-support and continued upwards. There is...