Skipper86

Skipper86 Updated 

Using a standard MACD and an indicator which colorizes price based on MACD signals, it can be observed that the current price decline looks similar to previous corrections and crashes with the exception of the Covid crash which was a rare black swan event. Assuming another black swan isn't upon us, and basing predictions on past performance, (two yellow flags,...

Skipper86

Looking back 17 years, there is a range referred to here as the “rejection range” which is usually bounced off of and occasionally penetrated, but only after rejections. Price is currently in the same situation as it was in Aug 2011 (see “we are here” arrow on chart), having formed a top and entered into the rejection zone for the first time since leaving the...

Skipper86 Updated 

Very similar setup to the Nasdaq wedge that has already broken out and rallied. Price is near lower end of recent regression trend. Seasonally speaking, more upside is likely based on previous 2 years. With price from 50 bars back dropping quickly, the 50-day SMA will flatten out suddenly and has a lot roll up potential. P/E ratio of 13.34 is hilariously low. ...

Skipper86 Updated 

Gold has fallen below the 9wk SMA and other higher weekly SMAs. It’s in a trend channel for the year with lots of room between it and the bottom of the channel. It’s looking like it wants to retest the lows at 1677 where it will run into the 200wk SMA. In the bigger picture it looks like a possible double top with a trend line from 08 around 1400. One might...

Skipper86 Updated 

This analysis considers buy, sell, and contested zones and is the result of an attempt to figure out the direction of the market. Unfortunately, it offers no great hints as to where things are headed. The entire formation taken as a whole does look like a falling broadening wedge pattern which is a bullish pattern. I've published this chart for others to...

Skipper86 Updated 

There is a major confluence of trendlines and channel lines at 82.61 for tomorrow. The 20-month SMA and previous high levels are also there. I've added some extra lines to make it extra pretty.

Skipper86 Updated 

Rejection off trendline, failure to break $90 level, and a MACD signal cross failure on the 15-min. Sunday night entry. 3 micros shorted. $300 risk, $1200 reward. Confidence level: 70%

Skipper86 Updated 

BDE stands for Big Drop in Energy. We’ve fallen below the battleground level of 95, went all the way down to 87, and now we’re retesting 95 from below at a confluence of the 200-day ska (red), 20-day ska (white), and a trend channel going back to early June. Going short here entails weekend risk since this is the Friday session, hence the need for BDE. I shorted...

Skipper86

The upper chart is a seasonal chart with the 2020 and 2022 VIX levels overlaid on one another. It can be observed that there is a strong correlation and they are following the same approximate path starting in late April. This was found by looking at a seasonal overlay of the past years courtesy of the Seasonality (advanced) indicator created by TradingView user...

Skipper86 Updated 

An uptrend in diluted EPS (earnings per share) is overlaid on top of price and is indicated by the teal trend channel which price also follows. Price has dropped outside of this channel and can be considered out of place, needing to rise to get back in line with actual company performance. Auxiliary arguments: Price is at bottom of long-term price range. PE...

Skipper86

AMZN has formed an island bottom right on major price support and a major trendline. This recent price correction is out of touch with EPS and revenue. Price target: $159.50

Skipper86 Updated 

I have a call expiring on the 10th and in order to anticipate how many oscillations there may be between now and then, I took a look at the time cycles of peaks and bottoms. There does seem to be somewhat of a sine wave pattern as well as an upward trend. There may be an ascending triangle forming but I've given up on looking for that particular pattern on...

Skipper86 Updated 

There is a falling wedge on the daily chart. There has been a 50% retracement of the Covid rally. There is the potential for a breakout to the upside. The rising wedge in the S&P that preceded this bear market move had a brief move up after breaking out of the wedge but eventually the move played out. The Nasdaq may do something similar here.

Skipper86

..were analyzed to see if they support a long entry because technical oscillators and moving averages do. Revenue and earnings growth look good. A price-to-earnings ratio of 25.5 is okay in absolute terms and can go much higher. The ratio was 40ish at its highest. If it gets that high again it will be concerning but we have head room. It appears debt has been...

Skipper86 Updated 

..has been a source of two good shorting opportunities over the past month as indicated by the red arrows on the left. The chart is somewhat self explanatory so if anyone has any questions, please feel free to ask. The primary consideration which is pointed to by the red arrow on the right is the confluence between the red trendline, the rising wedge, and the...

Skipper86 Updated 

A nice parabola can be observed in the DXY chart. Cartesian coordinates have been added for emphasis. This is not investment advice.

Skipper86

It will be interesting to see if the Fed can buck this trend or if they will back off the rate hikes before a breakout occurs. Don't mind the chart on the right, I did not intend to publish it, but it's not hurting anything so I left it there.

Skipper86 Updated 

Be on the lookout for a rise and then a drop around mid-session NY time tomorrow. The overhead 100-hr average seems to be approached before drops in recent times. Sometimes it’s exceeded, tagged, or failed to be tagged. Beware of the falling wedge, 50wk sma support, and previous high (weekly chart) support which are the bullish counter-arguments. Looking at...