AAPL
AAPL - Time for a Correction??NASDAQ:AAPL Has rallied 35% this year and is coming into Earnings this week.
Most of the other Tech giants have reported and have had rallies, Is AAPL going to continue this or are we due for another correction to get long.
If its really bullish like the last move a move back to 160 would be all we get. If it breaks through these levels then 150-155 is the next level.
There are smaller patterns completing around 170-171 so these are the levels to watch.
US Interest rates this week which will give a bit of volatility and the VIX is at very low levels not seen since 2021.
These are the conditions setting up this week.
Enjoy the week.
ENPH has been great, lets squeeze some more trades out of itENPH has been very busy dropping from $320 to 190ish. Called the bounce last week before the weekend from $210 to 187-190s. Obviously in a downward trend but man this thing can move. If you didn't know you can see one of the institutionals' dumped their shares over the last couple months. Check the chart at the bottom see the ramp up of volume. That's the supply taking on inventory at an over excessive rate. which starts the downward plunge from the $320s. Now as it approaches phase C (the part of the trade where smart money decides to pick this back up or let it go) At this price it might need to dump more to be more attractive. I used ChatGPT to make my own indicators and the ESVO is a way of looking at price and volume normalized. This opened my eyes to some things happening on the chart, I Never noticed before. But you can actually see the profits being taken, stop losses being hit, fomo kick in... watch supply and demand spike while the price action is unfolding. Using Higher and lower time frames you can get great idea of whats happening in the market. when demand is spiking or when supply is oversaturated. Key areas where stop losses are being broke you get a massive spike on the chart with the indicator, which sheds light on what you need to focus on at that moment. If its spiking 5x larger than normal, it means shares are being bought and sold at a rate extremely larger than normal. Meaning, if price action is bullish, and this happens: 1. if Price action continues to move up at a 45 degree angle durring this surge of shares, your stock is very bullish and its about to pop once it clears out all the shares. 2. If price action starts to look weak, it will take a dip and do a mini re-accumulation depending on time frame it could be 5-17 candles. 3. if Price action was already weak and it spikes (basically consolidating or long range consolidation) Price will most likely go right into distribution mode and drop to the next control box or node.
Another way to use this is just like you would an EMA, if price crosses it, it will most likely be very aggressive as it goes across and continue or pull back to bounce off the ESVO before continuing its new trend.
When the lines are flat it means everything is avg or balanced which doesn't happen very often. Its not uncommon for Price to have to attempt to cross one of these three times before succeeding.
If it fails while trying to cross it will most likely pull back and try with more volume. At this point pay attention to if the volume continues or dies off. Sometimes Crossing is the catalyst that sends it moving higher or lower.
A lot of the time your highest area of volume and price is where these lines will oscillate or go flat across.
There is literally an indefinite amount of ways you can use the ESVO. I set one to a certain setting and based on what price action is doing around the ESVO I can wait for an indecision and know its going up or down on higher time frames. Which is great for finding trade setups.
Anyways, let me know if you have any questions. If any of these ideas peak your interest pls like/ follow/ sub/ and most of all pls Boost so we can all enjoy watching it prove me right or wrong.
Thanks again.
by iCantw84it
03.30.23
Apple to EXPLODE or TANK after earningsLooking at Apple's chart on the hourly.. I believe we are going to grind higher heading into earnings and after earnings. I have drawn 2 channels with the blue channel being the more "macro channel" and the white channel being within the blue channel and that is what we are in right now. I am looking for a breakout of the white channel and to extend higher to HKEX:180 and more.... I will be cautious if we fall out of both of these channels because if that is to happen.. don't count it out.. we will look for Apple stock to tank.
$SPY - Pivotal Week ⚠️ AMEX:SPY experienced a significant sell-off at the beginning of the past week, followed by a strong bounce near YTD highs. Undeniably, technicals appear bullish due to the strong bounce, particularly with TVC:VIX volatility subdued. However, given the upcoming #FOMC and NASDAQ:AAPL ER, I'm watching for volatility to resist further suppression.
This pivotal week will help determine the future price direction. The momentum we saw at the end of the week does not imply a bullish cycle, and it may continue to shake out bears as it crosses the key level around 415.
A potential reversal could occur at the YTD high (near 417), especially with FOMC around the corner. This scenario isn't guaranteed, but I would caution on taking long positions at these levels. Watching for higher price discovery to offer a better risk-to-reward setup to ride into sell strength.
What's going on $VIX?What in the world is going with TVC:VIX ?
Was short term bearish, was right (not posted here, sorry, see our profile)
However, we made case for longer term scenario
NASDAQ:MSFT NASDAQ:AAPL & others have PE 30+, crazy
BUT #StockMarket = IRRATIONAL
SP:SPX really looks like top retest is in play
May is 4th best month over last 20 years
Aprils IS the best month coming in @ 2.5%, & looking to close there again. Over 80% win in last 20 years!
#stocks
AAPL - Rising Trend Channel [MID TERM]- AAPL has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 157.
- The stock has support at 151 and resistance at 175.
- Positive volume balance shows that volume is higher on days with rising prices than days with falling prices.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
Tesla - $250 Is Coming... Don't Lose Your Legs In the Bear Trap As I said in my previous call on Tesla, which was rather successful, I'm not a big fan of Elon Musk.
Tesla TSLA - The Bottom Is In, But It's Still Bearish
Especially as the post-Twitter acquisition has unfolded, I feel Musk rode the wave he could to do his "Twitter Files" thing and clawback some rightists/Conservatives that were alienated under the former Mastodon socialist leadership.
But the Twitter Files weren't really news to anyone who actually has been following COVID lockdown narrative or January 6 Capitol Riot censorship. And now Twitter is kind of the same as it's always been, but more shadowbanny, and will increasingly become more and more central to the coming globalist Central Bank Digital Currency/social credit system.
Musk, a transhumanist, has alluded to transforming Twitter into an "everything app" himself, all while lauding the communist regime in China's WeChat as if it were some kind of good thing.
CBDCs and social credit are, ultimately, the world outside of the Chinese Communist Party attempting to emulate and import the CCP's operational methodology and ways. This is a disaster for mankind, and should be opposed and challenged by everyone who wants a future.
A Warning on Red China
As always, my usual warning, especially for a company like Tesla that has a Gigafactory in Shanghai: you have to be very careful in bullish market conditions with the pandemic situation in China. Western media simply isn't reporting anything and the CCP keeps a very strict censorship regimen with a high degree of secrecy, so you'll be in the dark until it's too late to cry about your gap losses.
Xi Jinping and his Chinese Communist Party claims to have only suffered ~85,000 deaths since Wuhan Pneumonia began. That's 59 deaths per million people, and is literally a laughable claim that the epicenter of the pandemic and the world's (formerly) most populous country has suffered a factor of 10 or 60 times less magnitude of fatalities than the west that the regime exported the disease to.
In reality, this is obviously impossible. Moreover, the CCP covered up the 2003 SARS pandemic. A lot, a lot of people died during that pandemic, but the regime just told the world that everything was great.
Only a total fool believes anything that the CCP says.
The problem for a company like Tesla is a huge sum of both its supply and demand is tightly wed to China, and a pandemic situation that Xi can't keep under control and a weak Communist Party means the risk of black swan events hitting in the middle of the night when the US markets are closed is _extremely_ significant.
The Call
Now for price action, markets, especially NASDAQ and tech, all mooned in the wake and run up to FOMC. But this also came in the first two days of February, and we have a Jerome Powell speech on Feb. 7 and jobless claims on the 9th.
It's reasonable (and important) to anticipate that the low set at 10:30 AM on Feb.1 @ $169.95 is not going to be the low of the month.
It's also important to notice that the mania candle swept out the December high by 8 cents and was followed by a ~4% retrace, significant because it set up a double top pattern on the daily candles.
In my opinion, there's a very high chance that Tesla will dump rather aggressively to liquidate leveraged longs, raid long stops, and make weekly call options expire worthless, a move that will simultaneously serve as a bear trap.
$162 to $133 is a rather wide range, but it represents a combination of a weekly price displacement and a microgap. In combination with range equilibrium being $150, and $150 being a psychological operation number, a sweep all the way down to $145~ is something I anticipate.
Now, all that being said, what I would like to say is that Tesla has been so crazily bullish (almost doubling in under 30 trading sessions; this was still a $300 billion market cap company!), that range equilibrium may not be touched, and those gaps underneath it may be breakaway gaps.
So that being said, you have a hard choice if you want to go long on a dump. Because if you see $160, you really might not get better than $160 and Tesla doesn't like to stay low for long if it's going up. But if you buy $160 it can drop another 10 or maybe 15 percent, which means your calls turn (or expire if you're degen weekly) worthless.
This is a real game theory problem as the MMs, who know the schedule, use time as their greatest weapon. So perhaps a reasonable strategy is to go for the TSLL leveraged long ETF at $160 and just baghold/add if it drops more.
Bears talking about the gaps at $85 and lower, it's not that they're wrong... It's that Tesla already fell from $330~ to $100 in the course of a few months, and this was one of the world's largest companies by market cap. You really cannot afford to be so greedy to bottom short and bottom short and bottom short. You were already so lucky that you could bottom short and not get your head split for so long.
It's really very rare in equities to be able to do that.
The bounce has been so extreme that the market makers have thus made it clear that both two digit Tesla is not coming right now, and also that when you do see two digit Tesla, you can't buy it.
TL;DR, Tesla $250 is the next stop. If you get so lucky as to buy $150, I think that's pretty good, and you should even hold a portion of your position through $250.
AAPL in a fractal?NASDAQ:AAPL could be in a fractal pattern here. The previous two moves down saw a deep retrace to 0.886 before reversing lower. Both moves broke through the established trend lines as fake outs before reversing back to the downside. This current move up looks very similar in structure to those prior two. However, that still leaves about HKEX:7 -8 of upside before that target is reached. Just speculation at this point, will have to wait and see what happens at ER.
4/26 Watchlist + NotesSPY - Was bullish going into today due to 2-2 daily reversal. Obviously that prediction didnt go well, but we did trigger the 2-2 reversal on the weekly which was one of my goals for us for this week so I am pleased with that. We had an insanely bearish day today as well as a bearish close so I expect some more downside tomorrow at least in premarket or shortly after open. We are incredibly close to our weekly reversal target by the textbook 2-2 reversal standards, but I have a feeling this week could be the start of a shift in market trend to the downside. Going into tomorrow I am looking for either lower lows on the daily or an inside day to be created. I think we can almost expect a failed 2D tomorrow unless selling pressure continues, then we may have a repeat sell off day.
Watchlist:
KO - 3-1
W - 3-1
TSLA - 2-1
VZ - 50% rule
Main Watch:
W - Best setup out of the 4 on the list. 3-1 Could play out super well if we break to the upside, but downside has equal potential. Willing to play either.
Yesterday's Main Watch:
AA - Opened outside of broadening formation to the downside to create volatility expansion No entry to either side due to the gap so this one is an L
Watchlist Stats:
0/2 SPY predictions
0/2 Main Watch Plays
Personal Stats:
0/2 On the week
- NFE Swing opened red and I closed it before more red came. Entered super early on this and paid the price for it even though it was 10% of my full position it was still a loss
- Getting beat up with the swings this week
- Overall not too red as they have both been small losses. Looking to rebound with SPY the next couple days as we create tons of opportunities with this weekly reversal signal
Don't let red days and/or streaks keep you down. Analyze, study, learn, and move forward. Thats what I am doing this week in response to my red days this week. Best of luck tomorrow, lets turn things around
4/24 Watchlist + Notes SPY - I was neutral going into today. We started off the day by heading lower but not being able to break Friday lows before reversing and breaking Friday highs. This triggers a 2-2 reversal on the daily and now tells us we can potentially target last week highs. Overall going into tomorrow I am bullish and expect to break today's high either in PM or RTH. I would still like to see us break weekly lows, but we still have not seen any weekly reversal signal, so with the daily chart and weekly chart in their current state, I have to be bullish.
Watchlist:
UNH - 3-1
PG - 2-1
AA - 2-1
Main Watch:
AA - At the bottom of a broadening formation on the daily. Gorgeous setup. Ideally we break today's high and fill/test the FVG level at 39.62
UNH looks solid as well, but AA is a better setup because of the R/R
Previous Main Watch:
ETSY - Broke to the upside and saw minimal gains. Weekly still has not broken out so watching to see if we continue to the upside tomorrow.
Watchlist Stats
0/1 SPY predictions
1/1 Main Watch Plays
Top Winner: ETSY (+?)
Personal Stats:
0/1 On the Week
Overall Red
- 1/2 On swings since I started playing them more last week
- Lost on ARKK. Got stopped out after we formed a 2-2 reversal on the daily. ARKK shortly after my exit dropped hard and ran to 40% gains from my entry Friday, creating an engulfing daily
- Swinging NFE HKEX:35 Calls overnight. Seeing tons of potential with this one. Tomorrow NEEDS to be bullish though. I got in extra early on this one but with only 10% of my entire position
AAPL profit taking into earnings?Keeping an eye on this, could be flagging out to the EMAS for a move higher but earnings are coming out on May 4th. I'm watching for a crack of this trendline for profit taking and bulls taking off risk into earnings. Looking for a move similar to what we saw in MSFT today closing below the daily EMAs and basing around the pivot spot. First target is the 21EMA on the daily currently at 163, second target level down to 160 and 157.40 big pivot spot.
$QQQ Watch for a Key BreakNASDAQ:QQQ eyes on tech earnings (MSFT, META) this week. PA distributing like SPY between critical levels, but currently looking bearish after failing to break out of pennant. Both need to break respective pivot points for continued downside pressure to bottom TL.
Positioning: LT Short
Market Outlook Analysis | Earnings Prediction | Support & Resist- QQQ Megaphone still in place
- NASDAQ:QQQ SKILLING:NASDAQ trading within 3 weeks range 320-312 area, likely breaking Tuesday
- Tuesday NASDAQ:MSFT NASDAQ:GOOGL Earnings prediction
- NASDAQ:AAPL broke out without much follow through, historically AAPL dips into earnings or after earnings if it moves up alot into it.
- advertising companies dont do well during recessions.
- AMEX:SPY still healthy daily uptrend that may change next week
- still holding my AMEX:SOXS ( NASDAQ:SOXX short )