xtremerider8

xtremerider8 Updated 

SPY as of today, like in the 2009 parallel in my post before this, also had a daily deathcross. Then price made a June low at 3636, bounced up to retest dma200(wma50) but was also rejected similar to 2009. SPY also gave up all gains & even broke below the June low. Twinkle of HOPE: if entailment this week changes to positive, It is still possible that SPY may...

xtremerider8

SPY In this 2009 weekly chart, we saw the ff: 1) dma 50 x dma200 (deathcross) also wma20x50 2) price created a low, then bounced up to retest dma200 (wma50) but was rejected down 3) price went down back to retest that low. (The present low was the June low around 3636, a major decision point) MAJOR RISK AHEAD: Now we have to see this week if SPY will recover 3636....

xtremerider8

ERX Energy ETF made a diamond pattern. If this is a continuation pattern, In most cases price go down first to retest bottom before going up again. Then most probably, ERX may make an island reversal pattern & recover the black uptrendline. The greater wedge pattern must also hold. Then US economy continues to avoid a recession. If this is a diamond reversal...

xtremerider8

Dow e-mini officially entered bear market territory breaking below 20% decline limit & the weekly wma200 line. It is the only major index that made a lower low & confirmed by the transports DJT. Dow, with a lot of defensive stocks, has been holding the strongest all this time & I think it will be the last to capitulate before the market bottoms. (After market...

xtremerider8 Updated 

As shown in chart, ma100 x 150 & goimg to cross ma200. This will be very bullish for ETH vs BTC not trading advice

xtremerider8

This is an update from my Sept 17 post when XRP starts momentum with a 5% rise. Since then, XRP broke out of a wedge after continuously holding 0.33 buy zone & the pandemic trendline & overshot the 0.50 psychological level. Holding 0.50 for the next few weeks will give XRP a chance to breakout of the downchannel & target 0.60, 0,75 or even 0.90. BEARISH CASE:...

xtremerider8

MANA may complete the double channel expansion till November 2022. Sine June low, it has just been Consolidating above my 1.618 zone above 0.604. If it holds then the next target will be 1.68. Otherwise 0.375 will be retested to form a double bottom first. Not trading advice

xtremerider8

MATIC seems trying to expand 2 channels. The lower channel may be reached sometime early Jan2023. For now, Matic is just consolidating lately holding the 0.624 zone. This zone is where my important Fib levels are located like 2.618, 0.618 & 0.786. The ABC corrective wave most probably ended. All MATIC have to do is to hold 0.624 until early Jan then the next...

xtremerider8

TWTR is currently at a very important junction. There is the cloud & a convergence of moving averages giving strong support. Moving averages ma50 x 150x 200 x100 with price holding ma50 in the last few days. If you draw a downtrend line from recent tops, price is crawling exactly on the line trying to breakout. Price may still consolidate & further constrict the...

xtremerider8

Pessimism is all over with analyst calling for recession & another 20% drop from 390. SPY already made an impressive recovery from June Low even touching ma200 line but then falls back to the 390 zone after high inflation data. Further rally was again delayed by FDX declaring recession & slashing guidance. Adobe also contributed to the pessimism after investors...

xtremerider8

The S&P500 pure value ETF holds 3 supports: 1) the lower channel of pre-pandemic upchannel MINUS the black swan event 2) the 0.286 Fib reversal from pandemic low to ATH 3) my GANN line FOMC meeting will be the game-changing event. The market may have already priced in a 75 basis point hike & a rally may pursue till the next Nov FED announcement of whether to hike...

xtremerider8

With TSLA, AAPL & NVDA rallying on a risk-on Monday, NQ seems to be making positive divergences similar to June but this needs some follow-thru this week. It is holding 11800 with Friday”s hammer candle suggesting a shortterm low for the month. MACD also crossed into green territory. Another Diamond reversal pattern MAY be forming similar to June? BULLISH...

xtremerider8 Updated 

ADBE just broke above some resistance lines as shown in the chart. Here I used GANN lines. It broke above a small resistance zone & the downward channel. If the huge inverse H&S pattern plays out, there Will be a huge upside with TP at 555. A fundamental very good company with a lot of moat. Not trading advice

xtremerider8 Updated 

ABBV is one of Warren Buffet’s holding in BRK.B. It has been respecting the weekly wma50 for a long time while holding an uptrend. I think the sentiment has been too bearish & a shortterm rebound in the general market is due in the next few days. Not trading advice.3

xtremerider8

ENPH has been on a staircase to heaven fueled by the govt support on solar energy & the current supply chain crisis on crude oil & natural gas. The near term destination of the bullflag will be 387. After that a wave 4 correction may follow before the final leg up to 498 for wave 5. Not trading advice

xtremerider8

In this weekly chart, XRP seems to be holding the uptrend line from pandemic low. It seems to be bottoming out trying to get above the Ichimuko Cloud in the daily chart. XRP seems to hold better than US indices. Not trading advice

xtremerider8

I made a forecast last April 17,2022 that LNG will be hitting 182. At that time LNG already had A BIG RALLY & seemed to be topping out but actually it was making a FLAG CONSOLIDATION before another run. (I was bashed for that even thought it was only my opinion & not a trading advice) Look how my Fibo levels coincide exactly with ALL important levels in chart. In...

xtremerider8 Updated 

LNG natural gas co has already achieved 2 FIBO targets & is now targeting the next 3.618 Fib level. We dont know where this wave 5 will end. With the Russian invasion not ending soon, energy supply crisis may send natural gas a lot more higher. Not trading advice