NewNewAnalysis

NewNewAnalysis

Count/Fib relationships too clean. Don't hate the player

NewNewAnalysis

$DXY Current price: $93.27 . Target price: $90.5 . Stop price: $93.52. Great that this is a strong long zone for equities and commodities. Much more comfort if $DXY is below $93.20, but still highly likely just more risky at current price. If stop is taken out interest is cut to 0 in any play against the dollar. If this count is accurate I'd expect Gold/Silver +...

NewNewAnalysis

Walmart current price: $142.83, entry price: $135.42 , stop price: $132.50, target price: $161.80. Seeing an incredible risk reward ratio setup with high probability in my opinion. I have little interest in shorting unless I can get puts around $147. Expecting powerful final 5th wave, of the 5th wave diagonal, of the extended 5th wave of this 5 year bull rally of...

NewNewAnalysis

RTX great setup for next 6 months. Major resistances lie at $64 and $72. Expecting mid $80's by early Spring. Above $60 no short term danger.

NewNewAnalysis

Last week Nasdaq rejected breakdown out of rising wedge and went vertical breaking massive 11800 resistance. This type of short squeeze is the exact type of action that most should be terrified to play against until confirmation of reversal arrives. Simple setup to capitalize on this strength, target : 12.4k. Stop/short entry : 11.96k. Critical resistance of 12020...

NewNewAnalysis

UAL Current: 33.77 UAL. Target: 37.55. Stop target: 33.4 Bullish wedge soon to test breakout with incredible RR ratio and a high probability. Sharing exact setup.

NewNewAnalysis Updated 

Most valid AAPL count, appropriate with subpar volume rally from last week. 358 major support. Accompanied is secondary, inferior, count

NewNewAnalysis

4 hour SPY futures view / predictions

NewNewAnalysis

AMD calls bought at $49.67. Trailing 1.2 % stop loss, hard stop currently at $49.23 . Looking to count out waves and ride at least 2 swings to $55.20 . Slight chance to breakout out there, but I would expect another failure before ultimatum in where the $20+ dollar move would head. It should be sometime around August where we determine on signs from the support...

NewNewAnalysis

No bias, just something to carefully observe over next couple days.

NewNewAnalysis Updated 

Vix: Current price $41.6. Target $39.50, then possible $48.00. Vix will probably draw back over the morning until it tests support at $39. Could lead to a probable breakout towards $48 if support is strong and it gains momentum to break through $42. A failed breakout off $39 support would expose $33.80.

NewNewAnalysis

Looking to stay long with 307 (very likely), 310 (somewhat likely), and 313 (possible)targets. Very bullish as long as 299.7 is held, below that shorts target 285.

NewNewAnalysis Updated 

AMD: Current price $53.50. Target $66.00. On AMD we see incredibly powerful potential for massive swing upwards into a symmetrical triangle thrust to a target of $66.00 within the next month. After a rapid "COVID Crash" recovery into almost making new ATH AMD lost all momentum mid May. The price action has mostly existed within a contracting range since, apart...

NewNewAnalysis Updated 

BYND: Current price $144.76. Target $93.30. Price target/resistance of $163 was met and followed by hard resistance. Support trendline also broken. If attempt at an upwards breach fails on the trendline go full short. If breakthrough occurs watch for $163 test. If that breaks long to $186 before going full shortwith a target of $100

NewNewAnalysis Updated 

We're seeing several signs and a very clear wave count that allow me to believe a VIX bull cycle or at least a powerful dead cat bounce to $56 or so is highly likely. Since the ending 5th wave diagonal of Wave C that left us at the golden pocket, we've already seen an open where VIX gapped up over 12% overnight and into the first hour. We could very well see a...

NewNewAnalysis Updated 

Right now we stand at what has a significant chance of being the bottom for oil on the macro since. The next bull rally could be monstrous but we need to see monthly candle close with a bullish approach to $30. We can look at USO on the micro and it's breakout, or failure, of this falling wedge is integral in determining the chances of CL swinging back into $30s

NewNewAnalysis Updated 

With last Friday closing at a nasty -2.5% after Thursday marked a +38.2% total loss retracement of the large loss we've suffered in little over a month, I foresee one last push on this retracement that will take us to $275. This would mark a 50% total retracement of losses which is the same retracement zone the 2008 crash found before suffering an additional 50%...

NewNewAnalysis Updated 

Strong bearish open Sunday evening for the bears, it'll be interesting to see what happens by Monday open. Bears have strong hold for now, but I'll be looking for some weekly buys if we can see $290 range again for the $SPY by Monday open. If not, I'll be sitting out until a clear pattern presents itself.