BigNuts2022

BigNuts2022

Potential Head and Shoulders forming here on the SPY.... Keeping in mind that NVDA reports earnings and there is an expected +/- 11% move in that asset after earnings that will directly affect the SPY

BigNuts2022 Updated 

Looking at the time cycle analysis combined with TA and the rhythmic movement of the markets. SPY is primed for a flush and massive sell off down to 310/320 zone. W.D. Gann theory has not failed me yet and his approach to trading the stock markets with his concept of lost energy has been key to my success in trading. Posting this rare post of mine (I don't post...

BigNuts2022

Earnings prospects not looking good. Will probably come in line to slightly miss due to inflation and supply chain problems. Look for a pull back to 22 area then a DCB. FOMC on Jan31, MSFT earnings miss, and current economic environment points to a lower price in the short term.

BigNuts2022

SPY, ES, SPX are set to test the 385 support again now that earnings season has kicked off. Look for a DCB at 385 then flush after January 31st FOMC

BigNuts2022 Updated 

Should be an interesting week. I am looking for a final push up to that 429-430ish area to close the gap, then retreat to the 397-398ish area to fill that gap. 397ish is an important level imo... IF it breaks, THEN I see spy going back to the 380 level for a final test of the low. IF 380 does not hold, then 360. IF 397 holds, I am seeing another leg higher to...

BigNuts2022

I am seeing spy completing an intermediary cycle and is currently in a midterm downtrend given the upcoming inflation data, ect... If spy holds support around 426-424 area, I think a small bounce is in order and believe it will test the upper DT channel resistance, fail, and then resume lower. There is a IHS formed for a nice bull trap and a Head-n-Shoulders for...

BigNuts2022

When zooming out on the chart, we notice a large cup-n-handle formed primed for a breakout. Interesting timing of the handle formation right around the time that the Fed will be raising interest rates which will cause overall market weakness. On the shorter timeframes, the charts are indicating GLD and GOLD have formed Bull-Flag patterns, one of which is in...