WalkingTheMarkets

WalkingTheMarkets

A number of confluences here as we get indications of bearishness. Rejecting from the daily wedge from the bottom Hourly resistance to the left A rejection from the hourly kumo breakout Things to be aware of: Tomorrow is unemployment and manufacturing PMI, which will create a catalyst that can push price in either direction. We are also flirting with a...

WalkingTheMarkets

I’m sinking that a retest seems like a good entry for short

WalkingTheMarkets

Look on the 5m to see the patterns play out. Friday was a perfect by the book TEXTBOOK double bottom that hit the target precisely and then Today's session a little after Europe closed formed a slightly messy double top, but ended up being TEXTBOOK in terms of the expected target. It's crazy how after the meme crash market, we've entered a phase of rational...

WalkingTheMarkets

We're ripe for a pullback. Since we didn't gap over the resistance over the weekend I expect us to retest the low of the bear wedge.

WalkingTheMarkets Updated 

Despite resistance, there's a strong amount of momentum after bouncing off a monthly support. I could see this retesting previous swing highs.

WalkingTheMarkets Updated 

A kumo breakout before the breakout based on the conclusion of a chart pattern. A tight stop below the recent swing low with a target of the recent swing highs.

WalkingTheMarkets

We have Kumo resistance as well as a prior swing high. This almost looks like a Inv HnS forming, and so I expect at least a pullback to form the right shoulder. At best, it's a complete capitulation.

WalkingTheMarkets

I can feel the dump. We've formed a double top with this second leg creating a wedge as well as an over-extension of the Tenkan-sen. If not ripe for a reversal certainly a pullback--at least that's what I'm betting on.

WalkingTheMarkets

This stock has a ton of positive hype surrounding it because of the 'rona. Nonetheless, the chart screams institutional liquidation to me. This is a gut feeling and I could easily be wrong a hundred fold. Something doesn't fit right and makes me I'm painting a picture in my head where institutional traders are off-loading onto irrational retail.

WalkingTheMarkets

There's HUGE potential with VIVO. However, the chart is a technical mess littered with roadblocks and traps by the bears. Consequently, this isn't going to be an easy road to the top. Time is going to be an important ally.

WalkingTheMarkets

From a purely technical perspective, AMH is bullish because we've broken the Kumo. However, we're at an area where we lost support and hence it has become resistance. If we see a consolidation or a breakout from this area that will be a strong indicator to buy. What we don't want to see is price reject sharply from here.

WalkingTheMarkets Updated 

Business Insider reported that WFC won't be partaking in nearly as much of the $2 trillion stimulus from Trump as expected because the Fed capped WFC's lending limit to small businesses at $10B from their 2018 debacle. Sounds big enough to suppress stock prices so I think continue to chop. Should the Fed reverse positions, this could easy retest the kumo. This...

WalkingTheMarkets Updated 

It's time to catch a knife. This stock has very good fundamentals and is making good money, but has been heavily fudded. It's going to be hit by the Corona, which is why it dropped from $44 52-week high down to $7. It's basically a steal right even if their earnings are cut by a quarter. Because life resuming is difficult to gauge, it's better to buy shares and...

WalkingTheMarkets Updated 

Looks ripe for a retest of the kumo and a previous consolidation area as there's signs of accumulation.

WalkingTheMarkets Updated 

Signs of accumulation. Looks to be testing the Kumo as well as a large gap.

WalkingTheMarkets Updated 

I've been listening to every one of Trump's conference calls. He continues without fail to pump WMT. If we identify this point as a harmonic, the measured move is at $140, which means there's plenty of room to make money.

WalkingTheMarkets Updated 

This is a short play to $64 if we break the Kumo. We could potentially go further if supports fails, but the $64 level is a good place to take all if not partial profits.

WalkingTheMarkets Updated 

Resistance appears to be holding and price could very well retest the lows.