RUT loosing momentum on current levels, our Aug 31st flies are moving against us but the wave count is still valid, so we're looking to scale in 2nd half with more -ve delta flies if RUT continues this extended move higher.
AAPL is setting up for a massive wave C decline, looking to set up a longer term bear put butterfly on AAPL
ON the minor time frame, INSG rally -ongoing moving towards wave 5 upside target
The same predicament exists in the RUT as the SPX. Is this 5-wave impulse currently labeled as wave (B) actually all of higher degree wave (2)? A move back below 1200 suggest the shown count is correct. We are looking for a completion of wave C with a decline lower towards 1000.
Our longer term holdings on UBER is slowly moving in the money but the thrust out of the Non-Limiting triangle should be approximately equal to the widest wave of the Triangle. Since market conditions are unusually strong (probably climatic) if the Expanding Triangle is drifting upward, Non-Limiting patterns is the Non-Limiting “thrust” will not terminate during...
We are going into a period of heightened volatility via a series of wave wave iii tops and wave iv bottoms at multiple degrees of trend. This volatility (maddening for the investor, delightful for the trader) will likely last into 2020. On the daily time frame, we are still trading resistance from the 61.8% retracement likely to catch the top of this wave v...
I’m erring on the side of the trend on USO until there is irrefutable evidence to consider the bottom as in wave (5) facing support zone 15.25 setting up same degree corrective (A), (B), (C) rally.
TSLA beat earnings and it is unfolding into wave (B) resistance extended into the 948 level. We may be contained within in the highlighted range in wave (C). The period of easy buy and hold 5% monthly returns like what we have seen in 2019 is over, this is a trader’s market.
AAPL wave (B) rebound have many ways of manifesting itself depending on the subtle differences of strength between one pattern and the next. Keep in mind that, wave B resistance at 303-310 are the minimum requirements for the length of the c-wave in relation to wave-b depending on how much wave-b retraces of wave (A).
Our longer term holdings on UBER is slowly moving in the money but the thrust out of the Non-Limiting triangle should be approximately equal to the widest wave of the Triangle. Since market conditions are unusually strong (probably climatic) if the Expanding Triangle is drifting upward, Non-Limiting patterns is the Non-Limiting “thrust” will not terminate during...
RUT wave (B) rally on-going moving towards the underside of a 4 decade support-turned resistance at 1432-1542. If this is the case, bulls need to get a move on to keep the motive-looking effort going. Will the coming bear market continue this trend and see bear markets in both as US debt is shunned by global central banks as a store of value?
The S&P extended wave 5 should be at least equal to the price distance from the beginning of wave I. The maximum length of the 5th extension should not exceed the 261.8% retracement of the length from “0” formed in March 20th at the level of 3373.
The S&P extended wave 5 should be at least equal to the price distance from the beginning of wave I. The maximum length of the 5th extension should not exceed the 261.8% retracement of the length from “0” formed in March 20th at the level of 3373.
IF underlying drops into $75 and below , execute LEAPS expiring Jan 15th 2021
following up on our shorts on USO, look to book profits as USO drops below 2.5 , our downside target
Looking for SQ to drop lower into wave c as a critical trendline has been broken and we're aiming to establish some shorts on SQ with this rebound
We had a powerful redound on TSLA, but I don't buy that the current rally is sustainable. The current pattern shows that TSLA could be falling into a larger degree A,B,C,D,E consolidation pattern . I might even be looking to float a bearish biased butterfly on TSLA to capitalize on this sideways consolidation on TSLA