FUBARyeti

FUBARyeti

Spy posted a lower low recently. This has some bearish implications. The bounce we saw was expected to hit around the hight of the left shoulder at the 446ish mark. At that 446 line we met the expected resistance and broke out of a symmetrical triangle on the lower timeframe. We now wait and see if we brake the 430ish level on volume to confirm the pattern reversal.

FUBARyeti

Take from it what you will. Just an idea for possible entries and future price action.

FUBARyeti

Take it or leave it. Just some food for thought.

FUBARyeti

Explanation on the chart. Repo market going crazy and gold is setting up perfectly. Take it or leave it. This thing looks primed to blow.

FUBARyeti

Good Morning Everyone, AAPL has been struggling as of late. Over the course of the last year it has formed a big head and shoulders pattern, and as of now we are on the cusp of finishing the right shoulder. On top of this large H&S pattern, we have beautifly retraced back into the golden pocket of the January sell-off. This latest down move has us meeting up...

FUBARyeti

Cardano is looking like its about to make moves in and out of the market. Cheap coin at the moment with massive upside potential.

FUBARyeti

Hello Everyone, BTC is in a very critical stage at the moment. We have seen it sell off massively in the past couple of weeks and we are not out of the woods yet. This current rise is only a retest of the 200 Day EMA and the massive support level that was built over the course of 2021 so far. A rejection from this level would confirm a shift in the tides for...

FUBARyeti

Good Morning Everyone! SPY has been bouncing in between the 10 and 50 Day EMA's for the past week or so. It is currently testing a downward trend line and the 10 Day EMA. If it breaks above expect a move back up towards or past ATH's. Otherwise we will be heading back down to hit the 50 Day EMA for the third time in a week while also posting another lower high....

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Spy is sitting on the 50 day EMA and a solid support zone. Expect a bounce or consolidation on this level for a while as we decide where we will go next. Support around the 405 - 407.

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Apple is sitting on a very large support zone at $120 and is also locked in a down trending channel. We have been trending down for a little bit now and are in need of a breather. There is room to bounce up to the top of the channel, and coincidently, a lot of the lower timeframe moving averages. This move up is also marked with divergences on the MACD and RSI....

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We officially broke through the 50 day EMA yesterday, and we can expect a minor bounce back up to it today. This also marked the exit of our months long channel. Keep your eye on that $380 mark over the coming trading days. Yesterday also completed a three black crows candle pattern, foreshadowing more downside. This seems to be a much more aggressive dip with...

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We are sitting on the 50 Day ema once again. It has been posting lower and lower highs into this area of support. We might get another rally. If so, keep an eye on the $386 area. If it rejects off that, the short term trend line will be intact, and so will the 25 Day EMA. Another leg down would mean $370 to meet up with the 100 Day EMA. Keep in mind, this is...

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The bulls and the bears are out in force today trying to decide the next leg. We are sitting in between the 25 day EMA and the 50. We have large tails on a lot of these candles indicating the that the bears are still out in force.They managed to get us to close below the 25 yesterday, and we have been hanging around that level all morning. This type of action...

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The S&P failed to match its ATH around the $394 with the resent rally yesterday into this morning. That rally fizzled out quickly as we dipped back below the 10 day EMA to once again revisit the 25 day EMA. This time we have managed to close below the 25 day EMA after Tuesdays bounce away from the 50 and closing above the 25. We have not seen a failure to post...

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We are moving through the averages once again on the hourly. This could be seen as a bearish pattern building on the higher time frames as we failed to reach the previous peak. We are currently testing an important support/resistance at 388. Momentum has also started to turn after the bounce from the 50 day EMA. Could this be a lower high forming on this...

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If we take a look at the weekly chart, a textbook cup and handle has formed. We had the fall last March with a run back up to $20 to mark out break out. Over the course of the year it has dropped and consolidated on low volume and once again ran up to $20 on increased volume. This formed our “Cup” and our handle has formed on a healthy dip with decreasing...

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The S&P is showing bearish signals as we move forward. We have just broken through the 100 period EMA on the 4hr with lots of volume. We have been seeing increased volume after we stalled out around 390-393. Seems like folks are unloading shares. Keep a sharp eye out as we move farther down. We have a bit of room to run, but there could be a reversal on the...

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Looking at the weekly chart we can see an area of failed consolidation in the form of a double bottom. The second dip failed to break below the low point of the first, and we have been on an upward drift since. The market has been in a euphoric state for a while now and caution is advised. Historically, every time we have approached a major $100 price point it...