richardthick

richardthick

Been bearish on the markets for a few months now but it looks like XHB should get a slight rebound off support here.

richardthick

If ARKK is going to bounce somewhere here is a good spot...

richardthick

Still short the Russell. Structure is breaking down once again. Russell usually leads the big indices.

richardthick

With DXY rising and China in lockdowns this looks like a good short set up.

richardthick

Cryptocurrencies will remain in a bear trend until it tests the September lows at 1.75 Trillion which is 39.5k BTC and 2700 ETH. This area has confluence for 618 fib and rising trend support.

richardthick

Nasdaq likely keeps moving up until the 3.618 Fib at 17,800 unless the fed actually tightens here. Still watching the balance sheet if the trend changes will be quick to cut positions. As well as the balance sheet balloons likely keep moving up

richardthick

Playing around with EWT and the Russel 2000 looks like it completed a wave 3 and has been distributing along with a bear trap breakout in early November when we got a high CPI print and the Fed said they will accelerate the taper. Macd cross as well...

richardthick

Bullish on TDOC as a long term hold. If price closes the weekly above the resistance and trendline line then this dip to previous range high was a bear trap

richardthick

The Vix is resting on support in a descending triangle. Its a long from R:R perspective. Expecting to test the sloping downtrend.

richardthick

liquidity happens to line up with the 382 fib and 618 fib (shown as boxes on screen). Clear 5 wave structure and weekly candle close was bearish engulfing

richardthick

Distribution almost complete. Time for the big short.

richardthick

SPX back in the resistance / distribution zone for the SPX over money supply on a bearish divergence. September / October will be interesting

richardthick

Been taking profits the past few weeks because I'm expecting a top around 5k to line up with the top of this channel and the 2.618 fib extension. Wouldn't be surprised if we get a deviation above the trend line to touch the fib extension at $5300. This also lines up with some Elliot Wave Theory. Rushing to work will update later this week.

richardthick

Watching for a possible pullback here as this is a very important point. Similar structure to Feb - April with falling RSI. If Bitcoin gets a weekly close above 52K I think the bull market will be resumed with target around 90-120k NOT the time to FOMO right now at major resistance PLUS the market is pricing in deflation currently. 1. Rising USD against foreign...

richardthick

The CAC40 Index has a daily bearish divergence as we approach the ATH price of $6950. Will be testing the ATH in 130 points on a bear divergence. Might not get it before we pullback but this looks like its shaping up to be a double top. Short it.

richardthick

The divergence of the Dow Jones Transports continues to widen from the stock market. China went into full lockdown mode and most recent data still suggests China is restricting credit. Debt ceiling approaching in the USA. September usually has a sell off. As I have said before, its a dangerous game to bet against the fed but I would proceed with caution.. Having...

richardthick

Forgot to elaborate on my last post with the break out from the falling channel. There is so much resistance up to 45k. Slight pullback to trap longs then rebound to previous range lows, downward trend line from the top, and the 20 week moving average. Daily close is looking pretty bearish and possible rejection from the range highs. If we remember April/May the...

richardthick

Bitcoin breakout and retested the 200D EMA and this falling channel it was in.