All that's left to do is wait and collect money. Happy harvests!
Nice pullback, but is it over? Larger A-B-C in play as long as < 3400 (+/- 25). Above and new ATHs possible $SPY $SPX $VIX $NQ_F $QQQ $NDX $TLT $TNX $GLD $DXY #ElliottWave #Stocks #Trading 📉
S&P failed to break above the trendline, RSI & MACD both indicate reversal in play. We are ready for final wave 5 to complete this bearish megaphone pattern. Please be careful out there.
I'll be tickled if this turns into an island reversal pattern with a gap down after hours. That would also respect the light blue bear channel. That would be a poetic and telling way to fill yesterdays gap up, with a very ominous message. Note that our daily support (yellow) was from two pretty prominent recent peaks... so this could be enough support a bull...
This is an insane wedge we're approaching here aside from the more immediate local downchannel and top of Value Channel (light blue) wedge, which should drive a small pop in the next few days. See how reactive this top of downchannel S/R is, price has both melted down from and up from this line 10% on a single 2H bar in the past two weeks. For the broader wedge...
With VVIX hitting rock bottom on Friday and VIX/UVXY remaining elevated 20%, there is tons of juicy upside potential. I made slight adjustment to the falling wedge here based on Friday's price action. Today Price gravitated right back to the very strong white horizontal S/R and it's wedging more and more under the core 6M downtrend S/R (light blue). This wedge...
The price will likely go up towards the point where 3 pitchfork lines almost intersect (see the blue arrow). However the latest pitchfork only covers a limited numbers of bars (4 bars from the low point where the pitchfork starts, Sep. 14, and the high point, Sep. 21) and thus it's rather narrow. It is possible that the price action will move outside and thus...
VXX still holding in there. Good little rally today for S&P and NASDAQ but VXX only dropped a little. Just a touch outside of it main support. I am feeling like a move to the upside next week.
UVXY barely shifted down despite a massive rally, it is calling BS on the SPX and suggesting increased volatility next week. It was rejected by the Value Range channel (light blue) and closed right on top of the local downchannel (yellow). The convergence of these two should make for a pretty strong support into next week. I widened the target sell window too,...
1st Rule=VIX Doji. 2nd Rule=LO of SPX Candlestick. 3rd Rule=What can we learn about Rule 2 as a buy or sell signal. CAVEAT - small sample size.
A fantastic gradual move happen here and might be the beginning of wonderful rhythm. Do you feel the same?
An amazing movement happen today. It seems to be the start for a possible further movement.
A break out would not be too positive for markets.....
These markets will not make life easy, especially if you're trading with leverage. The reality is, markets across all asset classes are in big trouble for bulls. The unrest in the United States as the showdown between President Donald Trump and the human race and Joseph Biden and the socialist Democrats and the Chinese Communist Party behind them is about to get...
Alright, it's almost October. The U.S. elections are getting closer and things are still wild... simple play -> take advantage of the increase in volatility! Long. USD looks to be reversing... I expect a bit of consolidation but I expect a breakout that will pay well.
1st Rule=VIX Doji. 2nd Rule=LO of SPX Candlestick. 3rd Rule=What can we learn about Rule 2 when SPX CL < Rule 2 or dips below but CL > Rule 2. CAVEAT - small sample size. NOT ADVICE DYOR
It might sound crazy, but if history is relevant to today's bull market. Then, we could see a bull market the likes of which no one have seeing in our live times. But, what about if we do not ???? what about if we get some of the less readings. time will tell the story. CHARTS FOR THOUGHT ! wish you all the best.
I see another setup similar to the end of August. I am hoping for a another medium bounce. Fingers crossed!