TheRealWolfette

TheRealWolfette

AMEX:SPY FRED:T10Y2Y Here is my DD on why I think we will officially enter recession early 2023. Current situation is identical to 2000 tech bubble. Back then 10-2 curve yield inversion dropped to its lowest around Spring-Summer 2000. Then the official recession started Spring 2001. Market didn’t fully bottom until end of 2002/early 2003. Fast forward to 2022,...

TheRealWolfette

AMEX:SPY Lost 71.8% fib at 423 so it's most likely to test 61.8% which is in the 380 zone. Death cross also formed. Bulls are in denial this is VERY BEARISH.

TheRealWolfette

NYSE:TWTR Looks bottomed out... right at the 23.6% fib retracement right now. MacD crossover incoming.

TheRealWolfette

AMEX:SPY is at very critical levels right now. 50EMA on the weekly chart is support, if it breaks we're back in the megaphone pattern which can lead to drastic bear market

TheRealWolfette

BITSTAMP:BTCUSD Double top spotted on bitcoin, I think it's going to be headed to test 35k to 28k zone very quickly over the next couple of months. That's where the 100 day EMA, 38.2% fib retracement along with the neckline of the double top is located.

TheRealWolfette

TVC:US10Y I'm just looking at the 10Y U.S bond yield to try and better pinpoint the overall macro conditions to expect for the equity market this year. Based on my technical analysis, 10YUS yield is currently trading in an Elliot Wave 5 wave ABCDE pattern, it's inside a triangle that seems to also be the extension of a cup and handle bullish formation. The (D)...

TheRealWolfette

Tesla is b NASDAQ:TSLA $TSLA Breaking out of cup and handle pattern. Technicals and fundamentals both indicating new ATH imminent with potential to reach 2k per share near term. $TSLA is breaking out of the cup and handle pattern that's been forming on the 4h chart. Confirmed bullish move as it gapped out of the handle channel today. Next area of resistance is...

TheRealWolfette

Just charted $BABA on the 5 year timeframe and I spotted a head and shoulders pattern indicating we could be entering the uptrend phase of that pattern which could last all of 2022. I used the Fibonacci time zones and retracements in order to try and estimate the length of the trends and it seems like we are entering the bullish phase of the right shoulder...