ochlocracy

ochlocracy

$PLTR holding that wedge even with its dump this morning... bag holders keeping it away from $30...

ochlocracy

Large Bearish Wolfe Wave on ES starting wave 5.

ochlocracy

AAPL held above the upper price channel today, but it has little to no support up here. There is a lot of call gamma exposure at the 130 strike; I expect the price to be forced down over the next two days to protect that premium going into OPEX Thurs.

ochlocracy Updated 

I expect $PLTR to break out of its wedge this week. Two options for the breakout, if it can break above $28 it should continue to the upside, and start wave 5 the the Elliot wave. There was a lot of bullish volume at the end of the day Fri. to support the upside move. The max pain for this week is still only $25, and therefore bearish if MM/institutions force the...

ochlocracy

Two possible routes for price action but both should get it to the $38.20 range which coincidentally is the 38.20% Fib retracement for both sides of the recent move. RSI, MFI, MACD, all turning down on the 2hr so it will likely take the low road. No weekly options on $CRSR so no max pain to watch out for. Max pain for 1/15 is $35 so maybe a move up for next week.

ochlocracy

It will go up, it will go down.

ochlocracy

Head and Shoulders on DKNG leading into final correction wave.

ochlocracy

There is supporting evidence for a continued move down in the max pain Gamma Exposure from the 12/18 option contracts. Current Max Pain Values: Calculated TSLA Price: $614.77 2020-12-18: 550.0 2020-12-24: 550.0 2020-12-31: 530.0

ochlocracy Updated 

$PLTR Pattern looking bullish. Analysis based solely on Elliot Wave patterns.

ochlocracy

Option Open Interest Max Pain is currently calculated at $105 for the week, and the reason why this leg down is so steep. That would be a huge not even biggest bear would believe, so look for $120, before going lower.

ochlocracy Updated 

There is supporting evidence for this move currently in a $100 skew in the max pain Gamma Exposure from the 12/11 to 12/18 option contracts. Current Max Pain Values: 2020-12-11: 600.0 2020-12-18: 500.0 2020-12-11: 600.0

ochlocracy

RSI & MFI are showing bearish divergences on the weekly aggregations. Daily aggregation is showing a bullish trend since Nov. It looks like it's trying to build support ~$500, but I'm more inclined to believe the weekly chart over the daily for this one. If it can't build support and breaks below $478 then look for the following targets: $455, $420, and $363.

ochlocracy

$ZM has had massive selling pressure since Oct. Expect 100% retracement by the end of the year, holding the 100% retracement going into the next earnings run up.