csmottola71

csmottola71 Updated 

Nasdaq is at a hairs length distance from it's 61.8% retracement of last rally. 12875 to 12925 area is critical. Also a trendline that has proved valid in the past is crossing this area as I write. Both occasions in which prices bounced off this trendline were characterized by an RSI divergence which is what might be happening right now, still nothing is...

csmottola71 Updated 

I'm expecting prices to do a new low in the 13350 area to complete the Wave 4 pattern. I'm hoping it will complete this pattern in the next few hours so to also get a diverging pattern with the RSI. Only a drop below 13300 would deny the entire count. I've labeled this level with an apple since Apple today is hovering close to the all important 125 level. Should...

csmottola71 Updated 

WATCH IT ON THE 2 MIN

csmottola71

ALPHA/USDT looks poised to breakout of the consolidation range it entered following it's previous peak. (See Daily chart posted as annex to this analysis.) Momentum is rising sharply indicating higher prices to come. Alpha has steamrolled past the high volume range entering an area of lesser resistance. Following the last volume spike prices have continued...

csmottola71

Nasdaq's unexpected drop in Momentum suggests further choppiness ahead and sharp moves in either direction should be met with skepticism. If this wave count is correct, we're in a double 4 which corroborates the aforementioned forecast for price action. Sharp movements to the upside should find strong resistance at the Fibonacci extensions whilst downside...

csmottola71 Updated 

BTCUSD is bottoming and looks set to resume it's rally, must be said, could still be within the context of a correction. Recent low just shy of the 1-1 extension. Momentum is picking up and remember momentum precedes price. No targets right now other than the previous retracement area. My TS still hasn't turned bullish so i'm patiently waiting. Any ideas appreciated.

csmottola71 Updated 

tkr FMC = FMC has reached the target indicated in previous analysis. Next stock pick on saturday. A happy easter to my orthodox friends.

csmottola71 Updated 

tckr FMC : First target reached (close Gap) and second in sight. Ready to cash in? The next target is the top of C of the ABCD pattern. May move further, may not. Momentum suggests trend maintenance with no burst to the upside. I will be cashing in and moving on. For more on momentum, please read my previous FMC update from last week.

csmottola71 Updated 

tckr STOR : Nothing to add from last weeks update, other than, as predicted last week, the target of leg C has been reached and is now retracing a leg 4. Please note, leg 4 as drawn isn.t a target, it's an abstract point on the graph to indicate that retracement will occur after reaching point C. For further analysis on this stock, drop me a line here, i'll be...

csmottola71 Updated 

S&P 500 Index. Target of 4210/4220 area still in sight. Nothing to add so I refer you to last weeks update, everything remains in place. Must be noted though, that momentum does seems to be fading. More during the week. Closed all option positions in the last half hour when selling got heavy, probably just profit taking ahead of the weekend, but maybe not. An...

csmottola71

The Nasdaq has hit 2 important levels this week where prices inverted direction. After reaching (and surpassing) the -0.618 extension of the 0-1 we found Support @ the 1-1 extension of the same 0-1 leg extended from 2. This is particularly important, specially the second test, since it coincided with the tax hike announcement. The implication is that Buyers are...

csmottola71 Updated 

Within the context of the D wave, i've broken STOR down on the 4 hour chart. It shows clear fibonacci retracement and extension levels. Both subwaves retraced 61.8% to then extend above previous highs. Extending the leg labeled 1-2 by 1.15 suggests this final D will develop in 5 waves (as labeled) First target at 100% (3) and final at 115% (5). In the meantime the...

csmottola71

The reversal I was looking for did not come, instead the market keeps grinding up, though with weak volume must be said. I have projected the move preceding the April 5th gap from the gap low obtaining a target price of 4215/4220. MAROC's short term and medium term are both in strong territory, both above 0.3 (This means the market is trending at a minimum 25'...

csmottola71

FMC still moving higher towards its first objective to close the gap in the 115 region. I have included a new target high of 123 (ish) by "assuming" the previous correction limit was 0.618 of the developing leg. This is a technique I have been using for a while and has proved successful more often than not. On the 4 hour chart a double gap up is visible, which...

csmottola71

Tckr. STOR has held the 10 MA for the past for sessions. Momentum indicates the stock is still trending upwards. A positive close today (13/04) should propel prices towards its first target at 36.46, which would confirm an ABCD pattern.

csmottola71

FMC holding after its recent rebound. Momentum has been steadily building up. First target is to fill the Gap. Minimum price target of this ABCD pattern is C.

csmottola71

FMC is an agro-chemical company with reasonable fundamentals and which plays well into the developing inflation narrative. I personally don't subscribe to it, but that's another story. The pattern is that of an AB=CD which sets a minimum target at the C retracement. However, momentum held strong during the brief correction (indicated with a tick) suggesting much...