4hr review ad and money flow set to cross previous resistances along with key moving avg. Looking for a retest of 200 on JPM
Price action needs to breakout of the descending wedge/triangle. If AD and money flow continues to rise and breakout of resistances spy can head to 515 level
Retest of previous bearish cypher with oversold stoch rsi
5000 spx is currently holding like a champ. We successfully retested B leg of the previous bearish cypher. Stochastic rsi oversold. I did add to my position today. Not trading or financial advice. Do your own due diligence. I might add some more charts to this during futures sessio
Not trading or financial advice. Just monitoring a possible ascending triangle to 5147. Also seeing a bullish cypher set up. Needs to get above resistances. Neutral
Monitor gold at this level, as it bounced off the 3rd Elliott wave that was once previous resistances and now trying to act as support. I'm currently layering in puts.. volume is declining with this move up
Seeing buying at the top of the wedge with a bearish d leg sell off set up. Looking for 5th elliot wave to be retested as support
Officially the Bank of the NBA .. I charted an Elliott Wave pattern. We have a C wave buy set up with a close above the previous 5th wave. This could be a resistances sell off. An insider did dispose of 56k shares. I see sofi ad a long term play. There is a chance this breaks out to the upside from c leg. But first needs a close above 5th leg and 6.60 support...
I'm in a risk trade currently short due to the declining volume. I'm seeing an apex forming on the volume. Possible retrace back to 495. In best interest to monitor futures before considering short on sp500 tomorrow.. my 1st target short on futures 5063
Currently buying the dip on jnug. Looking for gold to close up from c lrg buy to over 2034 then retest the bigger c leg sell off. Not Financial advice
I'm currently short. Looking at the previous abcd extension sell off. Tesla needs to close over the .618 fib to avoid a sell off to 175 price target. Price action bounced from 1.618 the .618 current resistances. My money is on the short retrace
Bearish triangle that's overlapping the bear flag. Still shorting as money flow and volume declining
Apex of the triangle short Into a bear flag. With confirmation that volume is dumping through my money flow levels. We will likely retest 480-475 by close this Friday
Price action rejecting retrace to B leg... and volume showing smart money dumping.
Looking for a retrace from the 1.618 fib to 2130 and then 1937. Previous abcd broke out. Looking for c leg which is currently acting as support, to be invalidated. I'll break this even further with the weekly chart
Bearish sentiment on 4hr set up. I do have puts targeting 479, which was C leg of the bullish cypher on $spy.. here on SP:SPX we have bearish sentiment above the clouds along with a bearish 3 drive pattern near the 1.618 (I have 1.619) also if 4800 breaks, we could see a retrace to 4750 which is also near the 1.618 fib level from b to x leg, and it lines up with...
Looking for short scalp.. bearish sentiment... RSI above clouds.. and there is an apex forming by the two parallel channels. My target is 40700 , covering g at 42000
Now after market is close and bears still reluctant to cover. Allow me to show my updated Analysis. I see a bullish ab-cd pattern going into a bearish cypher. Theres a bull and bear aspect to every trade. Someone has to buy and someone sell. I dont heavy rely upon price action. I trust volume and money flow. Volume is showing a double bottom and preparing to...