AAPL
PAA finally made its move into profit runPAA finally broke out into its profit phase....but what does that mean from here. Honestly, I think we have another Buyers climax coming before we need to worry about a major pull back or consolidation at this level.
All the seizure induced lines you see that arent channel lines are ESVO lines. This is where price and volume meet in the middle.
So wtf does that mean w8?
*clears throat*
You're right, no need to be rude. (voices... trying to keep them at bay)
So what that means is where you see the lines consolidating at is where Price and Volume were sympatico or saw eye to eye. In other words its where Bears and bulls were kind of hanging out and having coffee and a smoke, or beer and some medicinal weed depending on what kind of bear or bull you are. I don't judge.
Anyways price and volume kind of moves harmonically, like the first week of a Honeymoon, before you set the real you out on display for life.
*clears throat*
Yes, Yes I hear you. I digress.
So price moves fluidly as volume increases price moves with it equally... Bears sell price drops almost equally in size....Bulls by price moves equally to the amount of volume coming in. This can be areas where Huge swings in the market can happen.... Breaking out of channels, mark up phases or mark down phases where 3 cycles of price movement in any one direction tend to start from these areas.
So when the ESVO.....
*clears throat* ....Seizure induced lines.... are spread out they are basically saying that there are different time frames of traders each with their own areas of harmonious areas of price to volume balances that will create a disruption to price movement as the two time frames find a common ground. Depending on how strong this group of traders is to the next and how deep in magnitude it is compared to the other will determine if:
A. they are meet with open hands and smiling faces ready to skip through fields of flowers hand in hand into the sun while.....
*clears throat*
You never let me have any fun.... or
B. Slam right into it at 70MPH across heavy 6pm traffic without any respect to the stop light that has been on for a good 10 seconds.....
I am sure you can guess what happens on B. Price halts, spins, slides in the opposite direction, possibly gets hit by another vehicle coming from a different direction, maybe 2, 3,4,5 other vehicles all from different directions.....I'm sure you are invisioning one of those multi level clover shaped turn abouts that meet a main cross road......but you get the idea... it can be the death of a move or it could send this thing into outerspace....
Normally though its more B then A.
So all of that just to say it can stop moving up.... Calm down! I am getting there.
Lets digress a few steps back here..... Back to when the Equilibrium Singularity Volume Oscillators lines are together.... now you know why I call it ESVO. Believe it or not ChatGPT helped me code this and name it after a few back and forth debates on ....
*clears throat*
Jesus! ok When the lines are together and price makes a move from underneath them to up above. It needs to find support on these lines. If the lines are all together its like a spring board and just bounces. So a temp pull back to this area before moving on.
If the lines are spread apart its like a spiders web it will still bounce out if its strong enough but there will be some energy spent on finding support. It might fall through several layers of the lines before finding the one that can support it. Think of a Jet on a Aircraft Carrier with its net out as a jet lands and hits the end of the landing zone. Sketchy!!!
But if Price action has already popped the ribbon (this is what I call it in this move because it turns inside out as price goes up and down ) and failed to stay on top once, the second time is the one that will make it 90% of the time....I haven't truly measured this but I have been using this for 3 months now and I have found this to be pretty accurate. I will devote some time to verify the actual number. If you follow me and have looked at my last 10 trades you would probably agree with me.
Now the last thing out side of failing is price can lose enough momentum when coming down to find support that the profit run turns into what looks like consolidation at this level because of the lines being spread apart and it not having enough momentum to break out of them again... which tends to mute the move and eventually causing it to drop to find another level of support with stronger hands to carry it up.
There are endless things I use the ESVO for but for this trade I will stop at that.
Where does this meet how I trade outside of this indicator?
I am a very technical outside the box trader that has spent 2 years teaching myself how to trade without any influences from the outside world. I made my own rule set for what I saw in the market. Which is what I call "the Curve" I have acquired savant syndrome which was originally diagnosed as have gaining the talent of Art after a traumatic brain injury. 1 in 227k trauma cases on the left upper back side of the head has a chance of this happening. I couldn't paint or draw a face to save my life. After the wreck I was instantly able to paint near realism. Odd but true. What I have found is that I see and learn things in a odd way visually able to gain knowledge or insight into things I have no idea about instantly. When I looked at the market 15 years ago, I couldn't trade a demo account to be positive if my life depended on it. When I looked at it for the first time after my wreck I saw what I call the curve. Which I instantly said that is the pattern of institutional trading. I didnn't even know what that meant when I said it. I actually had to look it up. That's what dragged me into the market.
I call it divine intervention. -emotional side
Or
Is it a different parallel version of myself that already trades and this part of my brain no one has access to unlocks the bridge to the knowledge another version of me already has? -Logical side of me
Either way I see things differently now.
again I digress... After teaching myself for 12-14 hrs a day for two years (because I became a shut in after my wreck as I didn't have insurance to help at the time -inbetween jobs just moved to new bigger city)- and had no one to say hey you should go see this or go talk to this person. or hey w8 you have a few screws loose.... So I painted all hours of the day and night and traded or charted the market the rest.
They call this a growth phase. Where you take in and focus on yourself and grow at an accelerated state. anyways....After coming up with my own rule set I wanted to see who trades like me so I can grow and adapt to what is probably a lot more technical than my visual style of trading. I found wyckoff method of trading. The Curve fit prefectly in this. Now I had a technical way to explain how I traded visually. I thought I was invincible until I blew $4k on a futures acct. BTW if you have never blown an account either you are like the chosen one who shall dominate the market and take over the world......or you just haven't gotten there yet in your path. But I feel this is needed to 1. create a sense of gravity and bring your ego back in check. 2. to identify your Greed and the need to gain control of it.
I didn't know that I had this monster....because I was a narcistic prick before my wreck and well yeah Greed was a driving force in my success before my wreck.
So i needed to numb my emotions, which I am driven by emotions or was.... Before I would make decisions off my passion and emotions. True sith for real! However, like everything else the Universe will find balance. Now when i make a trade I try to remain very logical about everything and look for reasons why it wont work on several timelines so I can at least anticipate what will and can happen.
I know I went on a tangent there but I feel its important that if you like the way I trade or find any of it intriguing that you understand where I come from , how I got here, what is going on in my head, why I say what I say or see what I see.
I love to chart, so please ask me to chart something. A chart is a chart, so it doesn't matter what you trade I can chart it.
Back to how the ESVO works with how I trade on just this kind of move where price moves above the ribbon.
This is where the Mark up phase starts when the lines are tight together and price moves above it. Its also the part of the Master Pattern (another wyckoff spin off which is heavily used in forex...ewww) in the master pattern this is where price has oscillated and expanded away from the control box(called expansion arms) and then solidified on a trend (called trend phase) so basically two control boxes are made high and low and price bounces and respects both boxes until it breaks out. This is the mark up phase or mark down phase in wyckoff. This can happen on every time frame. So that's why I start large on something at least a weekly if not longer. But then go backwards down to a 15 min to find confluence on same move happening before I make my trade.
On this trade it was confluent all the way back no confusion. The lower time frames are probably over bought at this point on the RSI and Stochs. Which is normal and you will see them pull back to find support so that the Larger time frames don't have too. Larger time frames can have large moving candles that just keep going up before they break into consolidation....meanwhile all the timeframes below it are accumulating and re accumulating, distributing and redistributing.
Which is another way I trade. I have always been fascinated with the fractal part of the market. I have been fortunate to witness several massive moves in futures that spanned 3-5 days where every time frame was on the exact same move and then almost pauses...until the last timeframe also the smallest catches up and passes the other timeframes and starts leading the move. Being followed by each time frame going from smallest to largest in order. Each time a time frame would cross this threshold a surge of pressure in the direction of the move would hit and price would jump forward. In my situations they were shorts and price would jump down .05 , .10 , .25, .50, 1.00 , 1.35, 2.25 so on and so forth... it was amazing and scary at the same time.
The reason I line up the higher to the lower is because the higher can be saying Bullish but the lower could be saying hey I have too much supply and need to absorb this before I can go up. Or I need to find support before I am confident I can go up. So instead of saying hey jump in on this and making you wait a week.... which has happened recently...I added this in to help alleviate that.
*clears throat*
I hear you! Yes I know that was long, shut your face! I am the one in control here...... i hope
if you find any of this amusing and/or intriguing pls follow and like... Most of all boost ( pssst...... hey its free, trust me.) *Clears throat* Sorry ignore him. Boost helps others find me and pushes this back out there each time... I can make videos of trades but I won't do that unless its requested or I can get enough boosts to my ideas that deems someone is actually watching.
Thanks for taking the time, sorry so long.
by iCantw84it
05.19.23
ENPH about to go into Mark up phase on 20 minENPH about to move in to mark up phase as it crosses my ESVO Ribbon and finds support this will launch it up... its starting to move now. I would watch the volume and see if it doubles over the avg of the last 5 to 10 candles that would be a clear sign of absorption and fomo taking place.
by iCantw84it
05.04.23
My Next Wycoffian Trade is AIGIf you followed me on the GNRC you would very happy right now.... as it went up $17-20 today. That got me starting to think I wonder if there is another one out there waiting? And then I found this. Stay tuned for more info.... Lets keep in mind this stock did consolidate at over $990 for what looks like a year or more.... Now $50?!
Trade #2 of 5 BILI Puts and CallsObviously if the market goes against my bias this trading plan is no longer viable....at that point I will just make a new one to support what I see. However with the recent decline in its financials and on going poor performance, this cash cow is getting kicked to the curb by all institutional and or being slammed into the earth like a seed in hopes that it will someday blossom into some man eating plant. Its an anime company so, totally do able. I've made a 5 trade plan to support what I saw when I first started trading BILI last week. If you like what you see or are intriqued pls like / follow / and Boost so others can see it. Thanks.
by iCantw84it
04.10.23
SPY & QQQ Bull Break - Can we Trust this Move?- SPY trading double top at FOMC reaction highs from April
- QQQ Clear breakout but AAPL didn't participate that much
- Money rotating from AAPL into GOOGL and AMZN
- NASDAQ rising wedge still in play, but QQQ broke out of the rising wedge
- SOXX semi sector at potential H&S resistance, if it breaks out will give QQQ more fuel for upside.
- NVDA new 52 week high in sell zone now.
AAPL: Big correction ahead? Only if it does this...• AAPL just reached a short-term support line on the 1h chart, around $170.93;
• This support area acted as a support on three different occasions recently, and it acted as a resistance level on May 3;
• So far, it seems AAPL is reacting above this key point. In this case, we can expect that it will seek the next resistance around $174, which is the main resistance line of this congestion;
• Although AAPL is correcting on the 1h chart, the daily chart is still very bullish. We see nothing but higher highs/lows and AAPL is trading consistently above the 21 ema;
• In theory, it could correct a little bit more, to the 21 ema, and that wouldn’t ruin the bull trend. The 21 ema is at $169.43 now;
• Therefore, the area around $170.93 (1h) and $169.43 (D) is a dual-support area on two different time frames. Only if AAPL loses this dual-support area we would see a sharper correction, maybe even a top signal on the weekly chart:
• However, as long as AAPL maintains its bullish structures up, there’s no reason to concern. I’ll keep you updated on this.
I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SPY & QQQ Market Update | Support & Resistance Guide- SPY 1h &4h Equilibrium likely breaking in the next 2 days
- QQQ rising wedge getting really close to end of its pattern, continues to trade its the upper resistance of the rising wedge
- Retail Earnings Week
- Core retail sales data tomorrow 8:30am EST
Few Names holding up the Entire Market | Who's left to Buy? - NASDAQ:QQQ SKILLING:NASDAQ rising wedge continues to be in play
- NASDAQ:NVDA rising wedge looking to break soon
- AMEX:SPY still relatively weak
- volumes still low
- over 180 stocks hit 52 week low today while market was green breath is bad
Apple -> Short Term TopHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently approaching a quite massive previous weekly resistance area at the $175 level which is now turned strong resistance once again.
You can also see that over the past couple of weeks, Apple stock had a rally of about 35% towards the upside without any noticable correction, so I am now just waiting for a short term rejection away from the resistance area and then I do expect more continuation towards the upside.
On the daily timeframe you can see that Apple stock is still creating bullish market structure and moving averages are also massively bullish, so I am now just waiting for some consolidation and bearish pressure before I then do expect a short term dump away from the resistance area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Analyzing Apple's Q2 2023 Earnings Report: Reasons for OptimismOn May 5th, Apple's stock experienced a 5% surge following the release of its latest earnings report. Although the tech giant reported a 2.5% YoY decrease in revenue to $94.8 billion for Q2 of fiscal 2023, which ended on April 1st, the company exceeded analysts' estimates by approximately $2 billion, with earnings remaining at $1.52 per share, exceeding the consensus forecast by $0.09 per share.
While Apple's growth rates may seem unimpressive, especially considering its 34% year-to-date rally compared to the S&P 500's 8% increase, a closer look reveals both reasons to be optimistic and pessimistic about its future.
One of the major concerns skeptics have regarding Apple's financial outlook is the company's reliance on the iPhone as a significant contributor to revenue, which represented 54% of the company's revenue in Q2, despite only growing 1.5% YoY. This has led many to question whether Apple's dependence on the iPhone will ultimately lead to diminishing returns for the company in the future, especially given the saturated nature of the smartphone market. In fact, the global smartphone market experienced an 11.3% decline in shipments in 2022, with predictions of a further 1.1% slump in 2023, as iPhone and Android shipments could drop by 0.5% and 1.2%, respectively. If these predictions are correct, it could result in stalling iPhone sales for Apple in the second half of fiscal 2023.
Furthermore, sales of Apple's Mac and iPad, which contributed 15% of its Q2 revenue, declined due to tough comparisons with their launches of M1-powered devices, as well as the macro and currency headwinds. This trend may continue as remote work and online learning purchases decrease in a post-pandemic market.
However, Apple's Q2 services revenue, generated from the App Store and subscription-based services, grew 5% YoY, representing 22% of its top line. While this marks a slight slowdown from its Q4 YoY growth of 6%, this still positions Apple as a strong contender in the services market. Nevertheless, this deceleration may raise concerns as Apple plans to leverage its services to reduce its dependence on iPhone sales. In addition, analysts predict a decline of 2% and 3% in revenue and earnings, respectively, as its soft hardware sales offset its rising services revenue. Despite this, Apple trades at 28 times forward earnings, likely due to its status as a "safe haven" stock. In comparison, Microsoft, which grows at a faster pace and is not reliant on a single product line for half its revenue, trades at only 25 times forward earnings.
Despite concerns over Apple's dependence on the iPhone and a recent slowdown in some of its businesses, optimists believe that the company has a lot of potential for growth in the future. For example, the fact that the company's iPhone sales recently set a new Q2 record suggests that the market's demand for new iPhones remains strong. Additionally, Apple has a very loyal customer base, with a recent survey finding that 94% of iPhone users plan to stick with Apple, compared to only 80% of Android users planning to stick with their current brand.
This brand loyalty, coupled with the sticky nature of Apple's ecosystem, should help to keep users locked into its subscription-based services. In Q2, Apple reached a record 975 million paid subscriptions across all of its services, representing an 18% increase from the prior year. This large audience of paid subscribers positions Apple to challenge major players like Netflix in the streaming video space with Apple TV+, Spotify in music streaming with Apple Music.
In addition, Apple has also been expanding into new markets, such as wearables, home automation, and services like Apple Pay, Apple Card, and Apple TV+. While these businesses currently represent a small portion of Apple's revenue, they have significant potential for growth in the future.
For example, wearables, home, and accessories generated $12.97 billion in revenue for Q2 2023, an increase of 36.2% YoY, and a new all-time record for the category. Apple's wearables, including AirPods, Apple Watch, and other accessories, are becoming increasingly popular, with wearables revenue surpassing iPad and Mac revenue combined for the first time in Q2.
Apple Pay and Apple Card, which fall under the services segment, also offer significant potential for growth. The adoption of mobile payments is on the rise, and Apple Pay is becoming increasingly popular among consumers. The company has been expanding its reach, adding new partners and markets, and offering new features such as the ability to split payments with friends.
Apple TV+ has also been gaining traction, with the company investing heavily in original content to compete with other streaming services such as Netflix and Amazon Prime. While it's still too early to say whether Apple TV+ will be a major player in the streaming market, the company's deep pockets and loyal customer base make it a formidable competitor.
Finally, Apple's strong financial position provides a significant advantage. With $166 billion in cash and marketable securities, Apple has plenty of resources to invest in new technologies, research and development, and acquisitions. The company has a history of making strategic acquisitions, such as its recent purchase of Drive.ai, a self-driving car startup, and its acquisition of Beats Electronics, which helped to jumpstart its music streaming business.
Overall, while there are certainly concerns about Apple's reliance on the iPhone and the challenges it faces in some of its businesses, the company's strengths cannot be ignored. Apple has a loyal customer base, a growing services segment, and a significant cash hoard that it can use to invest in new technologies and markets. As such, while its stock may not be cheap and its dividend yield low, Apple remains a tech leader with plenty of potential for future growth, making it a compelling investment opportunity for long-term investors.
APPLE Short From Resistance! Sell!
Hello,Traders!
APPLE is trading in an
Uptrend and the stock
Made a rebound from the
Rising support just as I
Predicted in my previous
Analysis, however, a strong
Horizontal resistance of 175$
Is about to be retested and
As the stock is locally
Overbought I think that
We will see a bearish
Correction and a move down
Sell!
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Check out other forecasts below too!
Apple AAPL - Brace Yourselves for $200. Seriously.Apple is something of a reverse canary in the coalmine when it comes to the Nasdaq, specifically because it's its highest weighted company at almost 14%. All these weeks everyone has been bearish, but yet, Apple is not in anything resembling a bear market.
Instead, everything about Apple from the monthly chart to the daily chart indicates that the January all time high of $182.93 is not very likely at all to be the all time high.
And this is under the circumstance wherein Apple extensively relies on what is effectively slave labor supplied by the notorious Chinese Communist Party, a problem really exacerbated by the regime employing that Zero-COVID stuff.
This is important because the situation with Apple's Foxconn factories and other Chinese factories and the new restrictions on chip makers means there is fundamental problems with this company going forward.
There's fundamental problems and yet it's set up to rally to a new all time high. Apple is more or less in "The Big Short."
Look up "China Quarantine Camps" or "COVID QR Code" on social media. The Chinese are literally being placed by the millions into huge concentration camps and every aspect of their daily life, from their ability to use public transit, their ability to go to work, their ability to purchase goods, their ability to use money, is entirely under the CCP's social credit system, lynch pinned around the colour of their QR code health pass.
And to think this is a system that the Western globalist establishment would like to install for all of us all over the world via central bank digital currencies... all I can say to readers is I hope you are intelligent enough to reject the Communist Party's things and its Marxist-Leninist "Theory of Evolution" and atheism stuff. If you want those things, you'll have to go with those things and experience what those things truly entail.
Personally, I'm calling a bear market rally, with Nasdaq going to 14,000. I suppose it'll be rather humiliating for me if this turns out to be incorrect and we keep dumping. However, fortune favours the bold, and at the same time, this is how bear markets work and there's a logic to the way they operate.
Nasdaq NQ - Unpopular Opinion #2,118: 14,000 is Coming
I also believe that stocks like Amazon and Meta are due for a fat rally
AMZN Amazon - Realistic Expectations In Both Doom and Gloom
Facebook/Meta - Too Much Bear, Not Enough Bull
Before you discount my supposition as hogwash, consider that McDonald's and Lockheed Martin just made all time highs just last month. And this is supposed to be a bear market where everything is going down.
So what's the rationale for saying Apple is going to set a new all time high?
Let's examine the monthly:
1. Apple set the low of the year in June, like everything else, but when it came time for September and October's scary index dumps, Apple remained very strong. October was actually a winning month overall.
2. Although this appears to have sharply reversed in November, it's worth noting we're a total of 4 trading days into the month. The November high as printed is not likely to remain the high.
3. In terms of range equilibrium for this market cycle, which I measure from anything's Coronavirus Disease 2019 pseudo-pandemic hysteria low to its all time high, Apple has not wanted to trade back to equilibrium. This all on its own tells me that the MMs are still heavy on the sell.
Looking at a weekly chart:
Inside the 2022 trading range we can see that Apple is currently trading at a deep discount. The magnification of the fractal shows us that not only is the prior statement true, but that the area below the October of 2021 pivot that led to the ATH has been worked extensively for the last several months.
On the daily, we can see with more clarity that the post-earnings pump was actually a major trade away from this genuine demand zone and back towards range equilibrium. It has since retraced, which is bullish.
If you understand how sell models work, you'll understand why this is "bullish" and not "bearish," and you'll understand why Apple continues to trade like it does and why it doesn't want to make a new low despite how excited everyone always is about the prospect of it crashing so they can buy cheap.
(Hint: When Apple is under $115, don't touch it. It's going to wind up like Facebook.)
But if you understand how sell models work, you'll also know why a new all time high on Apple is bearish, and not bullish.
What I would like to say to everyone is that bear markets rally and rally hard. They do this for a reason and the fundamental reason is that they're not bullish.
It sounds contradictory, right? "Why would something rally so hard if it's not bullish? How can that be?"
You are confused because when you see price go up, you think buying and when you see price go down, you think selling. Yet, if the banks and the funds traded like that, they would blow their account like you do and we would have ourselves a Lehman Brothers moment every 3 to 6 months and society would collapse.
When you see huge rallies like what's ahead you need to govern yourself strictly, and this means:
1. Don't get delusional and think you're in a new paradigm of everything going uppy. No, SPX is not going to 6,000 before Jan. 1 like David J. Hunter has been calling.
2. Check your greed before your greed checks your hide
3. Don't short or buy puts too early. Instead, buy them too late. A bullish Apple is as scary as a bullish Bitcoin.
4. The more complaining you see on social media and your signal groups about the Federal Reserve and "this ponzi," the higher things are going to go. The top is in when the charlatans and grifters start talking about getting long.
5. Buy the dip, but keep your risk low.
6. Make sure you take profits because this is no time to buy and hold.
Because what lies ahead after you see this go on for a bit and VIX hit numbers like 17 and 18, is this, which I called in August,
VIX - 9x8 = 72
The limit down that lies ahead is going to be vicious. Afterwards, North Americans will finally know what a real bear market feels like. It's not fun.