Berkshire Hathaway B Intraday - We look to Sell at 311.03 (stop at 321.83) Sentiment remains negative despite the pull-back higher in prices. Resistance is located at 311.00 and should cap gains to this area. Resistance could prove difficult to breakdown. Preferred trade is to sell into rallies. Our profit targets will be 283.95 and 270.00 Resistance:...
SP:SPX is in the process of another Bear market rally after yesterdays CPI data gave us one of the biggest one day rallies of all time. But if we look at the previous rally with time and price that gives us an upside target area of between 4150-4200 for around early December. If we get there earlier and go through 4200 then a major low could be in and we head...
Arcus Biosciences Short Term - We look to Buy at 27.75 (stop at 25.94) Daily signals are bullish. A weaker opening is expected to challenge bullish resolve. Prices expected to stall near trend line support. Dip buying offers good risk/reward. Further upside is expected although we prefer to buy into dips close to the 27.00 level. Our profit targets will be...
An engineered rally to take Buy stops will launch crypto and stocks upwards, fuelled by 600B $ of institutional algo buying. Key levels to watch are 3800 for SPY.
Many people want to trade BTC, claiming that it's headed to 10k or that a relief rally to 30k will come. There is no edge, no implied strength, and even not that much weakness, a trade in either direction with a stop loss will probably get wiped out. However, if one was to look at the chart there are a few things that are evident: - Bullish divergence...
AMEX:SPY On this SPY 30-minute Chart I point out candlestick patterns, trendline breakout and volume spike leading me to conclude that SPY is due to reverse to the upside. This appears to be a quality long trade setup. See the link for my other similar idea at the far bottom. Trade well and often !...
Is this another bear market rally? or just we are at the early stages of new massive bull run? Since hitting 10565.14 low ( which was in 0.5 _ 0.618 Retracement zone of previous major rally from pandemic low to ATH ) , IXIC has started a promising rally for bulls. Is this low market's bottom? It might be, but lets review a contradictory yet valid scenario...
Under Armour Inc Short Term - We look to Sell at 9.16 (stop at 9.59) The primary trend remains bearish. Bespoke resistance is located at 9.25. Resistance could prove difficult to breakdown. Preferred trade is to sell into rallies. Our profit targets will be 8.06 and 7.50 Resistance: 9.25 / 11.50 / 18.00 Support: 8.00 / 6.00 / 3.00 Please be advised...
Sonos Inc Short Term - We look to Buy at 15.55 (stop at 14.55) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is scope for mild selling at the open but losses should be limited. Support is located at 15.50 and should stem dips to this area. Dip buying offers good risk/reward. Although the...
Wix.Com Short Term - We look to Buy at 65.69 (stop at 58.33) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher lows is located at 60.00. A weaker opening is expected to challenge bullish resolve. Support is located at 65.00 and should stem dips to this area. Preferred trade is to buy on...
Taking a step back , although a continued down trend in SPY since JAN highs, after post Jackson Hole water fall it appears SPY is ready for another rally. Barring any Black Swan event , RSI on the daily is approaching oversold and price is near the bottom of the downward channel. While a "lower low" is still in the cards, the R/R favors the upside here and...
QQQ SPY and the indices all had late afternoon Bearish Engulfing Candles Tuesday afternoon before the Fed Minutes release I have charted the VIX as a ratio with SPY. IA down trend is persistent. The ratio is at the lowest seen. However, RSI divergence with a slight increase in relative strength as well as a dropping score on the Choppiness indicator both point...
Fill that cme gap at 28k , there is also a very strong resistance i think it will be very hard for btc to break that level with current situation going on , and after 28k or 29k , btc will crash to 9k . 9k region might come during the late october or in the beginning of november. Lets see how this unfolds .
The stock market will crash, it barely down 2% from this local top of 4300, imagine it going to 2900 as bottom, around a 40% crash BTC will go down so hard it is not funny anymore, Michael Burry warned that previous crashes all had something similar in common, now this cycle has ALL OF THEM. Whats more people speculate on stocks that dont justify the earning, we...
This chart is rather simply mocked up. However the resemblance of how the last 7 years before the 2001 stock market crash and the last 7 years leading up to the 2021 stock market crash were rather uncanny to say the least. Even more so, almost to the day/week how the patterns have resembled the exact formation of the 2001 cycle almost to the exact...
The RSI is almost in oversold territory, but if we look back to June crash, RSI was already very low but we still dumped by 33% You can see a bull flag to 15-16k levels and there is rising wedge top. I think we will very very soon see a bottom in crypto market! We shall not see 10k, or 13k!
Notable figures such as Michael Burry and Puru Saxena have taken opposing sides on what this rally means. I enjoy how Burry made a very hedged statement... noting that at 23% it was within average but did not imply the Nasdaq's rise itself predicted the future. Puru took a more affirmative view that this was more than a bear market rally. Today's intraday...
Invert the chart and you will see a bull flag, with target of 14900 USDT!