This pattern tells us that the VIX can be spiking in the coming week which means markets could drop. Let's see what's the catalyst that shows up.
What I've shown in this video is the current Elliot Wave that the market seems to be following. If this continues to play out, a wave 5 drop is yet to come. TAKEAWAY: The market can have a panic selloff of >20% over the next month.
The form of analysis shown in this video is called Relative Strength and helps to identify potential winners within a specific sector. I think the smart money are bidding this up for a strong reason which could most likely be cyber related.
The pattern shown here is a bullish triangle on the hourly timeframe. While the breakout can theoretically be in any direction, the bias is towards the upside. The first target would be the ~18 level (>20% higher). TAKEAWAY: This kind of move should come on some news headline so let's see what the media feeds us over the next 3-4 days :)
- What you see above is a ~17 week cycle that oil has been following. If this cycle plays out, oil is going to turn around as soon as next week of Aug 8. - Oil is at a support level so it makes sense that some buying could come from here. - Based off COT data, longs in oil are at extreme lows so makes sense that a rally could come from here - Even if a solid...
COT ( commitment of traders) report is showing an extreme low in the positioning of non-commercials. As the old saying goes, when everyone is bearish, it's time to get bullish
In this video I've shown how UBER is setting up for a handsome bear market rally. Downside risk VS upside reward is very attractive. Also, something I didn't mention in the video is that UBER is a quality company with improving fundamentals so should not be put in the same category as other loss making tech names. Appreciate your constructive criticism !
The main point of this video was to show the continuous drop of the market over multiple weeks which was only seen in the bear markets of 2008 and 2000. 2022: 14% drop over 7 weeks 2008: 13% drop over 8 weeks 2000: 16% drop over 8 weeks What follows next is more likely to be a repeat of 2000; i.e. a sizable bear market rally over the next month
What I've shown in this video is an indicator to determine market breadth. When breadth reaches the extreme lows (like it did 2 weeks back), massive multi year bottoms have followed. However, this time I think it'll just be a multi week bear market bounce as we are in a long term bear market. TAKEAWAY: SPY could go up to ~430 which would translate to ~17% rally...
What you see above is the monthly candles chart for oil in 3 different time frames. On the left is 1990, in the middle is 2008 and on the right is 2022. What I am trying to show is the common pattern of big bullish engulfing candles which makes the RSI signal grossly overbought. KEEP IN MIND, that these are monthly candles so being overbought on a monthly RSI...
1. A major bull flag has broken to the upside 2. This was followed by a couple months of accumulation 3. There has been an extraordinary spike in volume on Friday (June 3) without any news or price action TAKEAWAY: If this analysis plays out, we should expect a cyber security catalyst in the very near future Thank you
In this video, I've shown a means of measuring the current breadth in the market. It's at extreme lows which have historically marked major bottoms for the market. TAKEAWAY Combining this with my cycle analysis, I think a rally is coming over the next 6 weeks
I've shown above a 6-7 week cycle that bitcoin has been following ever since the bottom in July 2021. IF this plays out again, that means crypto bottoms out this week and a turn around begins next week.
What you see above is a 13/14 week cycle that the market has been following ever since the crash of March 2020. The market is pretty beaten down and sentiment is very pessimistic which tells me some sort of a bottom is currently forming. TAKEAWAY IF I'm right about this then we can expect a 6-7 week bear market bounce from here till the end of June
The PUT/CALL ratio is once again up to pretty elevated levels. Considering that the price has dropped significantly into demand zones, that too in a major earnings week is a good time to go for a contra play and bet on a short term bounce.
I've done an analysis on the DJI vs JNK ( junk bonds) and the divergence between the two is once again giving a leading indicator that a catalyst is coming very soon (1-2 weeks) to bring the markets down.
Multiple forms of technical analysis are saying that bonds (TLT) have gotten very oversold, and even though the trend is bearish, a short term bounce in the next 3-4 weeks is extremely likely. Currently it's appearing like a selling climax which could have a sharp reaction in the opposite direction. STRATEGY: I have sold 120 puts for may 20 expiry as well as...
Point #1 As you can see above, the market seems to be following a 13/14 week cycle ever since the Covid crash. This means that consistently a swing low or high is forming every 13/14 weeks. Point #2 We have once again reached week 14 (last week) and that can mean a swing high is forming right about now. Point #3 This analysis has got confirmation due...