Lonelyfly

Lonelyfly

$NQ was a bit whacky but I managed to draw it out. Recent pullback got close to 38.2% before a higher high. Watch reaction at 14.9k - 15k area. Bearish < 6628.75 March 2020 OPEX low. If 14850 rejects, then could consolidate before a retest up or break below 12895. Below 11700 confirmation of Green 5 wave is finished. I believe 10500 - 10k high probable bottom if...

Lonelyfly

Labeled what I can using Fib levels, EW and OPEX/Monthly trends. White (I) took about 21 months and White (II) 3 months for 2 Year cycle. If March isn't the bottom then it's June. If > 4808.25, White (III) +2 years. These are not random plots and are linked to a Fibonacci level, Elliott Wave Rule, OPEX and Monthly Trends. Only will be Bearish under March 2020 LOW...

Lonelyfly Updated 

Dating back to March 2020 the start of this power trend move the longest downside/correction length is a month. So from January 4th 2022 to 24th (Day after Jan OPEX) would be considered as the downside. IF the anchor Vwap is in play as the Vwap High was rejected a few times and Vwap Low hasn't had a 1st touch then the range is in between until one side breaks out....

Lonelyfly

IF the downside takes a full quarter then March is a possible bottom if not and a bigger retracement is formed June OPEX bottom etc. If Jan 24th low is breached then we can quickly assume 4119 and 3993 area will be a possible bounce. Slide below 3620 will indicate more downside.

Lonelyfly

Just an Elliott Wave count. Regardless of Fed's rate hike or tapering, EW count says we go higher. When Fed's raised rates in 2018 market still went up. 100% extension shows target 6800 maybe in a course of next 6-10 years? If we do make it through 4800 then my assumption is up it goes! Short term target is 4650 and see what March OPEX brings. Downside will be...

Lonelyfly Updated 

Targeting 4670 - 4676 to go long for 4708. Fib circles indicate either Tuesday 16th or Wednesday 17th to be top before a dip buying occurs. Wave 4 is invalid under 4666 Idea: Spy 470c 11/19 est. $1.40 or Spy 469/471/473 call bfly 11/19 est. $0.30

Lonelyfly Updated 

As long as the white channel up is intact, SPY should continue trending up. Wave 4 either finished or if we have another wave down, bottom should be around 461 - 462 (2nd White Trendline). Wave 4 bounced off 3 key areas - Fib extension 200%, Anchor Vwap and the channel up trendline.

Lonelyfly

Looking back at the 2009 - 2020 cycle I believe that bull cycle ended and now we are in a new bull cycle. Although this is a lot steeper and chances for a pullback will be lightly but it's a matter of when. My Elliott Wave studies shows the Wave 4 @ 38.2% retracement has high significances of the pattern play out. I have a few targets for where the current wave 5...

Lonelyfly

Judging by the measurements we are heading to 4600. The current status looks like wave 1 is extended since my criteria which I think wave 3 & wave 5 of Aqua wave 5 should be in a close price range. Following the Elliott Wave rule if wave 2 (Aqua Wave 2) has a shallow retracement, then wave 3 should be around the 1.618% (Hit on 7/14). Wave 4 is approximately...

Lonelyfly

If 480 doesn't HOLD down she goes 440! If she does push over 560 it will pull this pattern to 560. Indicators looking green so let's chill on the way up!

Lonelyfly

Elon is up to something because we can go 450... consolidate or pullback to 420 once more then to 480. The giant ascending triangle is still intact. Indicators looking bullish so let's see if Joe pulls through.

Lonelyfly Updated 

MACD crossed green, Stochslow crossed green, RSI about to push over 50. Looking for that 50 EMA test then 100 EMA or a break below 22. Must hold 26 for the possible upside.

Lonelyfly Updated 

Upside 50 or downside 30? See the upcoming days!

Lonelyfly Updated 

Looking past election Bush vs Gore 2000 could see current trend move up. Bush Vs Gore made Head & Shoulder patterns while current Trump vs Biden made inverse head & shoulders. What could possibility go wrong?

Lonelyfly Updated 

Looking to start wave 4 soon. RSI showing a possible reversal since previous times it hit that area it bounces except the crash. Let's see if the 200 EMA will HOLD THE LINE! Stochslow does show some curl for uptrend.

Lonelyfly

Bottom beginning of Feb 2021 then a new Bull Trend or a strong push back up over 3430 & hit 3600 beginning of Jan 2021? That 50 EMA is holding up if we bounce off it the upcoming weeks but a break below we gonna get ready for some juice puts.