Self explanatory, it has been trending up with almost every dip bought. This is repeat of almost every other dip. Now we are going to anew wave up. I anticipate it touching that high line bar around 395-400 range. Long here for a nice scalp up. Holding after market.
Hey guys, sorry I missed you yesterday, I had a busy day of meetings and was away from my desk. Let's get right into it this morning. US Futures are struggling to hold on to the (weak) overnight gains, which saw the majors bounce between quarter and half a percentage point as of 8:30AM. We saw jobless claims come in hot at 779k claims, but better than the 825k...
We reset a bit, I loaded some more. Shit gonna get more volatile before we close out this market downtrend.
Waiting for confirmation. I am def not an expert in Harmonic Patterns so some lines may not be perfect but would love to hear feedback and thoughts.
I'm away from my desk today guys, as I have a few meetings, but I wanted to share an idea nevertheless. The rocket ship appears to be running out of fuel around the gamma neutral zone (383), and the top of the white channel, where we saw 5 houly rejections in a row yesterday afternoon. AMZN and GOOG beat on earnings after the market close yesterday, and yet,...
The rocket ship appears to be running out of fuel around the gamma neutral zone (3830). We saw a retest of the longterm support-turned-resistance (green ascending trendline), and are setting up for a rejection. AMZN and GOOG beat on earnings after the market close yesterday, and yet, futures are relatively flat this morning. Will we finally see a (notable)...
Bitcoin spike off the bottom same ol same, chart self explanatory
Watch for a breakout with large volume at these levels. IMO perfect example of premium arbitrage. Keep put/call ratio under your radar!
UVXY making tops and dropping so predictable. Market going for all time highs. Trading has never been easier
The US majors are extending yesterday's gains with European and Asian markets up across the board, and leading the way. The S&P broke above the 21 day EMA in the overnight session, after seeing a rejection during yesterday's cash market. You guys know the game - when bears go to sleep, central banks show up and raid the barn. I see no reason for the continued...
You can't make this stuff up lol. Fractal Theory FTW! OG thread:
See chart. So far they have been dead on.
Global futures are rebounding on Monday after a bearish close on Friday, and the worst week for markets since October. The SPY is catching a strong bounce off the 50 day MA, and is working its way toward the 21 day EMA at 376.80 as we approach the open. I expect to see strong resistance here, and a continuation of the downtrend from last week, toward the 50 day MA...
The Nasdaq ( QQQ ) is poised to open above it's 21 day EMA, which is sitting around 317.56. If QQQ sees a rejection at the open, our first target is the 50 day MA at 309. On the Russell ( IWM ), we're currently trading above the 21 day EMA in pre-market, with the 50 day MA sitting around 196.56. SPY is also seeing a bounce toward the 21 day EMA, where we expect to...
Global futures are rebounding on Monday after a bearish close on Friday, and the worst week for markets since October. The SPY is catching a strong bounce off the 50 day MA, and is working its way toward the 21 day EMA at 376.80 as we approach the open. I expect to see strong resistance here, and a continuation of the downtrend from last week, toward the 50 day MA...
Each time VIX (Volatility Index for SPX) increases or rises significantly - SPX drops. Watch VIX for breaks of trendlines or retests to predict SPX drops. Whenever SPX trends down smoothly - SPX slowly climbs up. Then you may buy SPX. If SPX breaks its downtrend (especially with a gap as we saw last year) or rebalances (restests) after the downtrend break (as we...
Turkey Day Top and Bottom Finder using Correlations Credit to Kerberos007 and Bcrossley