PipMiesterStronger

PipMiesterStronger Updated 

Since the top, we have been selling off strong, yet in an orderly fashion. In doing so we have broken out of our current Ascending Wedge and Channel. While our break was violent in volatility terms, it wasn't an impulsive breakdown... yet. My read on this tape is we broke our Ascending Wedge and Channel and Friday we attempted a retest of the bottom...

PipMiesterStronger Updated 

Potential To reject the backtest of the Ascending Channel's outer limits. This could generate more selling down to 280 for local (short term) support. I the arrows on the chart had been drawn in on my last post's update (attached below) At this point, I have already expressed my Technical Reasons in previous posts for thinking we are in a bear market. And we...

PipMiesterStronger Updated 

Just a repost of my final chart from my previous analysis, seemed relevant. + please click the attached analysis from last week for more details.

PipMiesterStronger

Long Term Short Opportunity. Setting up to be a Historic Swing low.

PipMiesterStronger

Bear Market Incoming and the FX global sentiment indicator is wonderful to use if you know how. Watch out below, BEARS are coming back to town in legacy markets. This means Extra volatility in FX.. Do NOT get caught on the wrong side.

PipMiesterStronger

Bear Market Incoming- GET READY

PipMiesterStronger Updated 

There is no doubt about it. We have finally Broken our Ascending Wedge Structure. Just before we broke structure we broke above ATH's form October, creating a classic bear market, major fake out, bull trap. We did it Impulsively! On genuine panic selling. We are resting now at final support, easily seen on the SPX chart. This will likely drop fast and...

PipMiesterStronger Updated 

This is not financial advice just a matter of debate. We Broke through ATH's on SPY today. We did not get a large buying spree though. We instead have consolidated right above this highly watched ATH. We are creating an ascending wedge which typically breaks to the down. If we get back below ATH which is only .11% below us, then that would be a rejection of...

PipMiesterStronger Updated 

Near ATH. Earnings Catalyst (half way through) "Buy the hype sell the news" Back test of 4 month support line Falling back within our ascending channel & Ascending Wedge Potential Blow off top yesterday It is possible to selling pick up soon from here. It all depends on what kind of follow through and volume we get from here, but to me any area up here is...

PipMiesterStronger Updated 

Just a simple pattern with all of the extended hours of trading printed on the tape. I had been using this chart in my trading, but for some reason, I hadn't posted it yet for you all to see. The details shown in this really makes the SPY chart make more sense, and come alive. When you can track what happens at night you simply get a better picture; the devil...

PipMiesterStronger Updated 

The big moment of truth is finally before us. From these high levels, the next few years will be determined. Rejecting from here does not prove anything. Even, the bulls are looking for a healthy correction to regain the momentum for SPY to raise up like a cobra and strike (Ref: crypto legends). Now, we are "Melted Up" like crazy. In fact, a little too close...

PipMiesterStronger Updated 

I just posted a smaller timeframe highlighting the bearish Gartley that we have on the small timeframes at this critical level. We broke through the top of the ascending channel- which is a bearish pattern and they typically break down not up and out. We are flirting with this line on the small time frames and this is why I wanted to get the Gartley pattern out...

PipMiesterStronger

This is just a quick post highlighting this Bearish Gartley pattern this is rampant amongst the currency exchanges as well as in traditional markets. I don't use these patterns very often but at critical points, and when other patterns are in confluence they are quite useful. For instance- Right now we have 3 ascending wedges stacked like Russian dolls. The big...

PipMiesterStronger Updated 

Within Ascending Channel- Which I am looking for an eventual break down below the white support trendline. Once this channel breaks to the downside I would be looking for selling to increase in an exponential fashion over the next 2 months. But we are not there yet so, we are still within our consolidation range at highs. On a small 5 min timeframe, we have...

PipMiesterStronger

Watch your Fibs here for possible topping area (retracement.) Hard to tell which one will find as resistance for this breakout. I would be looking for it to reverse down after the retracement given that we came from an impulsive down move so we would expect continuation down after the retracement, which is the primary way to use fibs. I havent posted anything...

PipMiesterStronger Updated 

What is on the chart Is what I am looking at currently. I guess my Bull Trap post from 8 days or so ago was correct. See attached. I think I was the first one to openly claim that It will be a bull trap. Now of course that is confirmed. The tell was the volume and lack of impulsiveness upon its first 10 min after breaking 282 (2 weeks ago) 20 likes and I'll...

PipMiesterStronger Updated 

Sorry, I haven't updated in two days I've been stricken by a terrible case of the flu. Ascending Broadening Wedge Pattern, for about 10 days. These are distributive in nature and usually end up in selling down, especially when they are ascending (expanding to the upside) We broke MAJOR resistance at 281 right? Yes we did, but after two weeks have yet to...

PipMiesterStronger Updated 

So far it looks like a nice rejection on the perfect opportunity to make a breakout. This market is really trying to trick everyone.. C'est la vie. My previous post had the multiple updates, and I included a particular moment when we wicked down, but were bought back up while near the Red Danger zone. This was the area that needed to hold on the small...