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SPX Intraday Bear Flag: In CD Leg of Bullish ButterflySee my related post on SPY. It's a Butterfly pattern. Current price is retesting the breakdown TL. I am short this index at 2900. The wedge grows narrow, rapidly tightening. Break imminent IMO. Won't be a good time to buy long until Butterfly completes. Expected termination of CD Leg around 2720-2740, by Monday 28 October. Go long after price break completes for best R/R. Final Bull wave should carry SPX above 3100-3150 at the 1.618 Fibo extension. It will be a Fifth Primary of the Fifth supercycle. Not trading advice; just another wild idea; trade at your own rick! GLTA!
TVC:SPXShort
by DaddySawbucks
I SPY a Bullish Butterfly: In CD Downleg before ATHSimilar idea to my Dow US 30 post. Sand P is statistically a stronger model, from larger numbers. NB: This model is imperfect as the XD spread should be 1.27, but we got a real nice 0.62 Fibo AB retrace of the XA leg up. Note the perfect double top Fibo = 1 (was within a few pips, a 99.9% retrace). Real life is like that, we take what the market gives us. The Bearish CD corrective retracement of the XA Bullish leg should be slightly deeper and show true capitulation to create the bargains that fuel next drive to ATH. Moel extension suggest low prices to occur on/about Monday, 28 October. The Dow pattern projects 29 October, the 90th anniversary of the '29 crash, how fitting! If model is an accurate projection, expect final support near 273. There will likely be a counter trend corrective wave up within a few days that will fake out buyers. Capitulation begins when the new players buying at these still pricey levels get disappointed. That's when the real opportunity exists. Wait for it! THe entire movement appears to be a 4th Primary wave; If model is correct, the resulting fifth-in-fifth wave to ATH will carry ETF to 315+; when Sand P trading above 3150! This isn't advice, just an idea based on Harmonic trading pattern model. Market can easily double-fakeout, be cautious! GLTA!
AMEX:SPYShort
by DaddySawbucks
6
US 30 in ABC Correction? Road to ATH; in Handle of CupVolume lessens on rising prices, increases on downdrafts. RSI divergent. Small caps have reached .50 Fibo retrace off September's lower high. SP500 and Dow have a gap to fill down to the 0.50 Fibo. Three-day rally feels like a B wave, chaotic and widely fluctuant. If so, expect C wave down to the gapfill at the breakout point from Cup near 26300/SandP 2942. A hedged short here is probably a fair R/R as EOM 'window-dressing' is likely to finish what seems to be a modest correction. The ABC is consistent with Intermediate Wave 2 of a Primary wave 3; markets should enter third-in-third wave on completion of the modest correction. A severe tankoff would invalidate this hypothesis! IMO another major October downdraft is unlikely as these rarely happen two years in a row; but anything is possible in this mad market. Taking a small short position on indexes with the gap up in AM on 9/27; this gap will very likely fill in day; first week of October is likely to be choppy. Completing a corrective wave might coincide with positive trade news in Mid-October; if the outcome is disappointing expect a deeper selloff. Still very chancy. Indicators to watch: RUT strong support at 1500 (IWM 150, now trading near 153); small caps have been a leading signal canary. I'd close shorts with IWM at 150; DIA at 264; SPY at 294, if and when they get to these prices. An ABC complete wave could well provide launch point for next bullrun. Longer-term still Bullish going into New Year, I'm not convinced this appearance of H&S in the monthly chart is really going to rollover. We shall see! This isn't investment advice; just an idea, trade at your own risk; GLTA!
DJ:DJIShort
by DaddySawbucks
1
US Equities Alternative Bullish Hypothesis: In Primary EW 3?!Risk is terrific for both longs and shorts at this juncture; I am sidelined, patiently and prudently waiting. In a previous idea I hypothesized a double bottom possibly in October. It is possible the markets are grinding out a near-term bottom at this consolidation zone now. Markets hold tenaciously to this consolidation zone beneath ATH. The September pullback may be nothing more than an Intermediate wave 2 in a Primary Wave 3. We are near a Fibo retracement level off the Cup which seems to be supported, although support is illusionary and can break sharply and suddenly, making longs as risky as shorts. Shorting is terrifically risky now, as delegates are in trade talks in China atm, as a single optimistic tweet could unleash coiled up Bullish energy at this level, possibly driving prices to new ATH in Nov/Dec and another mad January rally into a Primary Wave 5. Donald manipulates the financial markets, and he clearly needs it to be propped up to support his re-election campaign. Betting against the Donald has historically proven to be a poor risk. Direction is highly uncertain at this point; it could break either way, but we saw in August after intense distribution the prices broke to upside. It is certainly possible the Bears have been ground out and equities are poised to move higher. October actually tends to be one of the more Bullish months on average, although most notable crashes and many corrections also have occurred at this time of year, giving it an undeserved bad rep; it is by no means a certain bet to expect another, after last year's savagery. We do have a Cup and Handle clearly formed, and if this be truly the Handle, then the next move is continuation to upside, as depicted in this graph: www.investopedia.com I offer this idea as a precautionary tale to plungers; please FGS do not bet the farm on a further correction! I closed shorts today, as a massive rally could continue. Any disappointment in global events will spark a selloff but optimism over trade could as easily drive prices to a new ATH. R/R is terrible now! As always, this hypothesis is just another WAG, definitely NOT investment advice; trade at your own risk; GLTA!
DJ:DJI
by DaddySawbucks
EOS / BTC - Falling WEDGE - Bear TRAP!Momentum BITCOIN - Is the Alt Season between us? We have a high standard in the EOS / BTC pair - Falling WEDGE We had a BEAR trap in the false breach of support. Not only here, but especially in the other pairs. Low volume with drop in "prices" this is typical of a TRAP. Lack of volume with devaluation. The big players are piling up. Div. Bullish RSI We are losing underneath and when the pressure cooker explodes. I'm sorry, you're going to buy it expensive. Now it's now! - "Buy cheap pessimists and sell expensive to the optimists." Buy and HOOOOOOOOOOLD! Patience is the key to success.
by ferGOD
2
US 30 Upside Explosion; Possible Ultimate ATH: 30K?Just an idea. Not sayin' this is goin' down; maybe we already saw ATH today on 7/15. But, maybe a brief pullback to lower channel TL culminating on 7/23 will provoke a feeding frenzy coupled with FOMC rate cut to push the darn thing to 30K. Could easily rise another 6-8% in euphoria and carefree complacency that prevails atm. If this plays out the subsequent selloff will be spectacular- at least 10k pips. Probably gonna see a day when it tanks off 2k in one session later this year or early next. FGS trade carefully or just stay out and marvel at the insanity! I marked this idea as 'long' but I'm not betting on it just yet. See if we get a sell to entry for the fifth of fifth of fifth of... whatever wave this is now. GLTA!
DJ:DJILong
by DaddySawbucks
2
Alts on the Verge of Price CollapseI was debating on posting this: There really isn't much to say, however, the when in regards to the total for alt coins, bitcoin went parabolic on the same trendline as the one presented by the total for the alts. On the daily there is a close and open of a daily candle stick below the green line which is a trendline corresponding to bitcoin's long term trendline. Alts do not have anywhere to go, the best we can hope for here is something like a double bottom and the creation of a new long term trendline. A weekly candle which opens and closes beyond this trendline will confirm this for me, but by then, for this to occur, there will already have been huge price drops. The best we can hope for: In this case, the best we can hope for is that this is a false break, otherwise the next best thing we can hope for would be a double bottom which is represented violet line against the horizontal support created by the previous bottom. Otherwise alts have little historical support to work from.
CRYPTOCAP:TOTAL2
by CuddlyCuddles
4
LONG - ONT - Trading Opportunity#ONT/BTC #Binance - 4H Bullish divergence and the market is turning bullish with bitcoin losing strength.Its time to take back those USD gains and make tons of BTC. Entry: 0.0001340 TP 1: 0.0001403 TP 2: 0.0001460 TP 3: 0.0001540 SL: 0.0001280 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value added tax) of whatsoever nature and/or judgement sums (including interest thereon).) CryptoCue is not a broker-dealer or financial adviser and is not affiliated with an investment advisory firm and does not engage in activities that would require such registration or authorization by any governmental or regulatory or supervisory authority or body. CryptoCue and/or any persons affiliated with CryptoCue are not responsible for any gains or losses that result from the opinions expressed herein. Investors should consult their registered authorized professional financial advisor before investing. Opinions discussed herein have not been reviewed by the securities and exchange commission or any state or other.
Long
by ElMomento
US 30 Setup to test ATHJust an idea; I'm not sure about this but I expected a LOT more selling, and it's not happening. An ABC countertrend surge may be in progress; if so, we'll have a new ATH this summer. There is NO rational or logical reason for this to occur; therefore I consider it highly likely. IT's exactly what happened in 1929... Fascinating that Fib time projects possible ATH on 03 September 2019... exactly 90 years to the day! If you read nothing else on TV, read this re valuations and future ROI: www.marketwatch.com During the final phase of the Bull market, irrational, frantic exuberance fueled by short covering will drive prices to extreme highs, until the shorts are covered... then the real selling begins. FYI I closed all my shorts today Weds 6/12/19, maybe a mistake, but futurz are pumping up again, so I can sleep at night. As always, this is not any kind of investment advice, just another crackpot idea. Please comment and like if you do! Thanks for watching. -DS
DJ:DJILong
by DaddySawbucks
I Spy A Fed Guy; Two Roads Diverge...Take Less Traveled?!Terrific rally to the 0.786 Fibo; looks like a slamdown at 290 today. We all expected a rally, but this one blew us away. Now we are back in the middle; higher prices but year. Pullback seems imminent; look carefully, however, you may find at least three similar Doji's that fooled us. Cautiously shorting in anticipation of trade and Fed combo worries leading up to FOMC meet next week. No guarantees in this game. Two roads diverge at the meeting: a rate cut will trigger massive upside explosion and race to new ATH in July. EW theory suggests we may be in a 2nd of 5th wave, if so, a 3rd-of-5th would be terrifically bullish, a final blowoff meltup to cap the final surge of the Great Bull. These Elliot Waves are always and only clear in the Retrospectometer. FOMC Disappointment... well, you know. Trade at your own risk; GLTA!
AMEX:SPYShort
by DaddySawbucks
16
When a technical approach could be worth the try! Hi guys, It is clear that I only trade stocks that are covered by certain parameters and one of those is the presence of a Catalyst supporting the move. But for studying purposes I am back-testing stocks that are at important technical levels to interest quite some institutional traders. TSLA in pm made a nice pop testing the 182 area and that could mean that buyers finally stepped in. TSLA is the most sold stock of last weeks thus a consolidation on new levels such as 182 would be a great bullish signal. In addition the stock broke beautifully the PM highs thus a small entry to test the pm high would have worth the try. The move to 187 has been solid and offered breakouts opportunities to scale in and build up our position up to first take 187. Consolidated at 187 Price kept rising offering other scale in opportunities up to 190 next level of consolidation. Even if grinding slowly higher the stock got to a fantastic 193sh! Simply amazing. A note deserves the volume profile! Simply perfect. At each pullback red volumes have never crossed up the previous main leading green ones and when that happened price respected supports and resistance.
NASDAQ:TSLA
by Intuitrading
Bitcoin: Potential Bearish Divergence TargetsCoinSavvy here with a price update on Bitcoin . Things have changed, and I want to update my analysis and my trade game plan. I have exited my Bitcoin position as it closed multiple 4-hour candles below $8400 (see “Bitcoin: Higher Time Frame Breakout Series – Daily” linked at the bottom of the page) for my setup there. I had entered in around $7400 ever since the 3-day chart told me to enter when it closed above the 200-day sma (see “Bitcoin: Another HUGE Move is Brewing!” linked at the bottom) for my setup there. Now that we had a giant rejection at $9,000 I want to gather some information in case things turn over for real here. Tonight, Bitcoin closed the daily, 2-day and 3-day candle around $8275 but more importantly it put in a low right at $8,000. If we tick back down below $8,000 with these new candles, then that would be considered a local top which would print out some pretty nasty bearish divergence on these time frames with the RSI as we have higher highs on price action with lower levels on the RSI . When it comes to bearish divergence I have been seeing price tend to come back down to its 21 ema (bold white) so I marked these levels on this 3 day chart of Bitcoin with horizontals. Below are the levels and where they correspond to the other time frames. Daily - $7,850 This is where the 21 ema is on the daily 2 Day - $7,100 This is where the 21 ema is on the 2 day 3 day - $6,600 This is where the 21 ema is on the 3 day These targets are not able to be used until we actually tick past $8,000 and most likely want to wait for an hourly or 2 hour to close below that level which would indicate that this is a local top and now we have divergence to deal with. Bullish case : If this does not play out (quite yet) so if we start closing 4 hours above $8,400 soon then we must switch around the game plan to bulls business as usual as that would indicate that this overall bull trend upwards not quite done yet, however it is really starting to look like things are ready to turn around with all the medium time frame indicators turning bearish and the higher time frames starting to turn around. I have my eyes on something else at the moment (shorting the S&P ) and don't want to get too greedy with Bitcoin as it's been great to us so far so we will see what happens but I don't plan on entering a position for a while in Bitcoin as long as these divergences are playing out. Keep an eye out for both scenarios each time and it will keep you sane! I will post something about SPY and SPXS tomorrow afternoon Coin Savvy, signing off. Enjoy your night, enjoy the charts, and respect the technical analysis .
BITSTAMP:BTCUSDShort
by Coin_Savvvy
How to manage a position using VWAP to scale in!Hi guys, this is an idea on how could be managed a position using VWAP retests to add size. Obviously this is just one way to interpret a trade through the day and surely not the only one. Speed lines, fade off ma's, level 2, volume profile, pivots and much more offer as well opportunities to menage our trade thus to scale in our position! Hope you find it useful :) When I write at lod the pnl was 2.37, I mean at eod (end of the day)
T
by Intuitrading
EUR/USD-->The most lovely but WTF Hey traders , I'ts ironic how many times this currency pair burned me, but when i see one of my firstly post here it was the reversal H&S in the Daily and Weekly time frame in Euro/Usd , I feel justified. So, lets go straight to our chart, we Trend is obviously Down, the important rule of "We don't trade against the main trend" Its correct and this is an example of what trading scenario(plan) you have to apply in this cases.Therefore, we are looking for best entry that could be in the yellow levels that you can see clearly in the chart. In addition, the bearish pressure that forced the price to smash the support (strong) level its visual with a clear eyes. If you go back in the chart you can find many -Point A- like the nice open blue that I have drawn for you. From the price action analysis resulting that the price may reach the previous support (now became resistance) and go even more further. Thus, we are looking to take short strategy in order to take profit the stop losses and take profits levels will be adapted but the main idea is this that I mentioned above. The reason that we don't trade against in main trend you will find out why if you join in to this trade. I will try if you want to read me, to put some indicators in the cases that we need the past data to analyse and confirm our trading moves but not for now. If you agree give me Like to motivate me. My name is John Vasilopoulos Instagram: john_vasilo Thank you .
Short
by UnknownUnicorn3549910
1