dryanhawley

dryanhawley

The purple box represents the full Diamond Top EW formation, and the recent attempt to go to ATH on November 22 at 06:00 hours I thought this looked like it was rolling over, but i can see a 5 wave EW, elliot wave setup to go up to ATH or at least the last attempt 11/22/23 Based on Elliot Wave Formations i count, and using fib extensions i could see us going to...

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I am predicting another Bullish monday I have been calling this for months. Investopedia says mondays are down days, and Friday is an up day, and outright lie. I did a multiple year backwards regression test 18 years ago and it has remained true ever since, so Monday we will likley go up very Billishly, add to this we are in a Bullish time of the year, known as...

dryanhawley

A Trader looks at both sides and does not have an opinion on are we going bear or bull today, up or down. We could go up 100 points now to match the actual ATH, or we could continue rolling over in thi arm, spending more time in the S3 area, more selling than before, we will see what unfolds. Nobody knows the probazbly future in advance if they can't read elliot...

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Back in August I told everyone to short any new ATHs. We have 3 batman's the overall chart showing previous all time highs is a batman, and there are two Batman's inside, the two heads, lower than ears or flowing cape. Trend indicates buying will continue, sideways will continue until it falls, but it is weakening some, spending more time at S3 we may see those...

dryanhawley

on the other hand if we look at a 2 day candle it does look like we are rolling over. Maybe if we get selling on Monday or Tuesday we can start bringing down the market finally. If we really are rolling over it seemed to take like forever and we may only be halfway there, if you consider a graceful, even balanced arm like in the chart.

dryanhawley

We had an inverted Batman from April 2022 to april 2023, from there we have rallied almost 600 points. I am going out on a limb again, all alone as I always do and predict the top at 2021 ATH all time highs. We are impulsivly rocketing up to those levels 16682 area, then we will start shorting any new all time highs, and we *should* roll over there and go down IMO.

dryanhawley

Way back in November last year we were at all time highs ATH and the economy as much better than it is now, after months of corrections we are going straight up in a parabolic straight line, many are jobless, many can't find a job at half the pay, inflation is insane, and we are almost creating new ATH all time highs. Short any new All Time Highs. I was the only...

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They don't want to Pivots to really work like they should. I'm really "hoping" they start actually using The Pivots like they were meant to work. You know what they say about "hope" Trading... But OMG last time we actually reached S3 was November 10th. We got close on Friday I will admit. Irrational Bullishness. Before that it was November 1st we saw an S3.

dryanhawley Updated 

Call it a feeling or an intuition, monday is normally an up day, but the way the market is positioned. There is a TTM Trigger firing, RSI Divergence is Bearish. Now granted the GLOBEX session could totally change this, but I also have a strong sense that the Deep Pocket Bears are out at night, and they might start the waterfall if it is such. ========== After...

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When I first posted about PL it was at 806, since then each time I posted about it it went up another 30 points. Prior to me pointing out what a bargain it was it had fallen 150 points from $946. One time it went up 50 point in one day, or $2500 in one day per contract. Now it has developed a life of it's own, steadily climbing towards higher levels. I...

dryanhawley

We went to R10 in the pivots before 9:30 AM, yes I think he Market is Bullish right now, but such an extremely overbought situation can only last for so long, VWAP and Pivot are calling. I haven't got confirmation on this but based on the Fib levels I think we are at R14

dryanhawley

Guys, an insight I had while napping. I think most of us want to go back to selling and a bearish market.. One sign of a bear market is when the 50 EMA goes under the 200 EMA look at this chart, price is above all the EMAs, classic bullish market... maybe we need to put our preconceived idea that selling will return like. it was and put it on hold for now. Having...

dryanhawley Updated 

Remember the last two imes we traded PL at $5 per .10 pt or $50 per point? It wnt up each time I wrote an idea about it. Now it is totally oversold, past the S6 bottom of The Pivots. I expect people to see this and buying commence on Monday.

dryanhawley

Today we got a day with a nice trending run up, then the rest of the day it traded in a 10 to 15 point range it i extremely hard to trade 10 point moves, we all wait for confirmation ( 3 points lost), then execute the trade (1 more point), then when it reverses and comes back 5 points, no profit. I took the rest of the day off when I saw this. They call this a...

dryanhawley Updated 

In his book Secrets of a Pivot Boss the author points out the importance of the various types of days. The reader should go look them up, but for this idea i want the reader to see that, even though we are in a Bear Market IMO there are trending days when the market is going up, counter trend for days and days. After 10 days of net selling where we all got used...

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I was introduced to the TTM squeeze back when I was daytrading in the early 2000s, so there was a TTM squeeze setup. In a 5" timeframe we were respecting the 200 EMA bouncing off it, that happend. To publish this I had to go to a 15" time frame, in that timeframe we got bullish engulfing, bullish engulfing at 7:00 AM. We were held back by the 200 EMA, bounced...

dryanhawley Updated 

One of the signs of a recession, for a Chartist is the 200 EMA under the 50 EMA. Well as you can see that has happen serval tines since July 19 th when I beegan telling everyone short all new, all time highs (see my Idea). Notice it's about to happen again. Other signs: Volatility Index (VIX): ... GDP Contraction. ... Low Industrial Output and sales. ... Growing...

dryanhawley

OK so according to our Pivots plan we well R5... When do you do when the FOMC announces, bascially nothing, we won't raise and Retail rallys the market and just keeps relentlessly climbing higher? One thing you could do is to buy protective options just in case this happens on FOMC day. If you write calls and take your profits up front you don't get killed by...