chisleu

chisleu

We should see a rapid drop from point B. Of course anything is possible, but that's where my puts are.

chisleu

maybe this forms a complex head and shoulders too

chisleu

This is not investment advice. I was drawing this up for personal use and decided to share. It appears the breakout center is near the top of the wedge (based on fib time zones and trend based fib time zone forecasts) Expecting the fib retracement near the intersection of the wedge edges to be the trigger. Unless something happens short term to cause a break...

chisleu

It's possible that the Fed will be short sighted enough to further devalue the USD to prop up the market more, but I hope that doesn't happen for the good of America's long term viability. There can be no doubt that The Treasury Department has been tasked to accomplish market inflation (not stabilization) at ALL costs. I see one of two scenarios playing out. 1)...

chisleu

IWM leg down soon? Looks like the end of a rising wedge. It's possible we have an escape on the top side though. Sellers are getting exhausted, but are buyers?

chisleu

fixed top bar

chisleu

IWM rising wedge on the 15m, check out 5m too

chisleu

This may just lead to a breakout of the price to the lower edge of the wedge, but it's not coiled like this since the beginning of the wedge. The market volume has been dropping more and more. Perhaps this is enough to finally break the wedge and cause a corrective leg down.

chisleu

Bear flag on the weekly. Rising wedge/pendant is currently on the 68% fib trend based time zone indicating a historically common place to continue the downward trend. This should put it in the targeted area in 3 weeks. I've traced possible bars for weekly options. It will likely be violent so plan to trade actively. Additionally, I posted a hourly chart...

chisleu

Wedge pattern forming on IWM since 4/6 w/ declining volumes. This week's volume was extremely low except at close where it tended to drill. I think this is a fantastic indicator that we are about to leg down to 110, or potentially to a new low for the year.

chisleu

The Treasury has been working w/ the fed to fund purchases of special purpose vehicles of corporate paper, stocks, and ETFs. The Fed is accepting these as collateral for loans. They aren't really loans, but a way for Fed/Treasury to inflate the market temporarily so that certain large hedge funds could unwind their leveraged positions which were positioned...

chisleu

IWM looks like it will drill until Monday. After one last short squeeze, we should see the C leg down to IWM == 108. If it falls through, it could be a market halt... NOTE: These futures pumps and high volatility make the lines sloppy so I added a short SMA to track the price movement a little cleaner.

chisleu

IWM up to 122 then down to 108 this week

chisleu

Price going back into channel sub 90