Big diamond top forming- Either 1. We continue this bullish momentum until we hit top right of diamond (around 533-540 range) beginning of November 1a. From here we go down (495-500ish), bounce and go back up and break out of the diamond 1b. We go down (495-500) consolidate at the end of the diamond and fall at earnings 2. We go down to the bottom of...
Possibility 1 : We bounce from where we are directly to 238-239. Possibility 1.5 : We fall down to 233.90 after reaching 238-239. Possibility 2 : We bounce hit 231.78ish fall back down to 224.82ish before going up to 238-239. Possibility 2.5 : We fall down to 233.90 after reaching 238-239 levels.
More in depth analysis is in the chart Basic description for character length: Trading in rising wedge (bearish) Breakdown from top of wedge would likely form double top (more bearish) will make a new post if NFLX follows suit. (also could be completely wrong and we're currently forming a cup and handle) <<Make sure to do your own D.D, people on the internet...
Analysis is in the chart Head and shoulders forming, either we reject at current resistance of 234 or we push up to 239. I think it's possible we reject 239 and fall to complete the H&S pattern. Take it for what it's worth (fair amount of speculation).
Looks like SPY's setting up for a breakout of a pennant and a sloppy cup and handle on the 1D chart. I think it's possible that we hit 401 by EOW next week, or beginning of the week after that assuming the bullish momentum/ support we're sliding along holds.
This isn't directly an analysis of spy as much as it is an analysis of the sympathetic movement SPY could see if AAPL forms an inverse H&S.
analysis is in the charts, but quick rundown. 1.We attempted inverse H&S from may to June (got rejected) 2. We fell to our most recent low and formed an inverse H&S along the support of the descending wedge, which broke out to push us to the resistance of the wedge. 3. We're probably going to top out around 144.50-145.10, descend and make the right shoulder...
I think we're going to fall back to 128.63ish Monday before we break out of the steep descending wedge pattern we've been in since around June 8th (pink lines). We're gonna hit the 137-137.70 area then we'll reject and bounce in an ascending broadening wedge, top out at 145 around June 30th before we descend back down to 125.
I have a similar trade idea happening for SPY so this is more for my own confirmation than anything.
Analysis is in the charts Quick analysis: 1. Currently trading in a small descending channel 2. Small descending channel is currently at the bottom of a big descending wedge that we've formed in the last week 3. Big descending wedge is also a concurrent falling channel (in chart i show my predictions of the gradual breakouts of each of these patterns.
Multiple ascending wedges and one rising channel formed after market volatility today pre and post Powell. Possibilities: 1. We sell off tomorrow and gap down in the morning. (my expectation) 2. We ride the pattern and break down/out on Friday morning. 3. We ride the pattern and make it to the end of the week within the wedges/channel and sell off on Monday. 4....
Analysis is in the charts Analysis: currently trading in a rising wedge (breakdown soon) Break down into a rising channel before we hit previous peak Hitting previous peak levels means rsi also peaks We form a double top and descend.
Hey, it might play out it might not I'm just making some predictions. Spy is currently up 5$ pre-market so I'm more certain we're pushing to finish the shoulder and complete the pattern. But hey it might still get rejected on open so....
The analysis is in the chart but I believe we either bounce at open to fill the gap, or we open gapped down to the 472-473 levels.
Bullish megaphone formed, AAPL oversold on just about every time frame, making for a very bullish move up tomorrow. Or we tank in the morning, one of the two.
Just trying to predict the bottom of our current bearish selloff from midday today. I believe we formed a head and shoulders from 05/27-06/09, the breakdown happened mid day and I believe SPY could continue to fall a little farther to $399 tomorrow morning. I believe either one of two things happens then, either we bounce and retrace to 416.27/420.15, or we end...
Either we bounce tomorrow inside the wedge and breakout to retest our previous high, or we fail to bounce and fall to the bottom of the channel. I believe AMZN is too oversold right now to not bounce tomorrow. Or I'm very wrong and we tank tomorrow.
Most of the analysis is in the chart. I believe there's a strong chance we continue the selloff around open and fall to the potential megaphone bottom in the chart and finish a bull run by EOD maybe? Or we tank in the morning, one of the two. If the megaphone does play out by EOD tomorrow then Im very bearish for Monday.