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SPX 2900 confirmed There is currently a bearish divergence the size of Africa on the SPX500 right now. Looking at past 2 higher TF bear divs that played out and taking in the following data: 1) how long the bear div is 2) how much it dumped afterwards With some quick maffs we can figure out where price will go! 1) 84D range peak to peak, -5.54% peak to bottom 2) 245D range peak to peak, -18.35% peak to bottom ((5.54%/84) + (18.35%/245))/2 = 0.0704% of dump per day of beardiv length And given the current bear div: 3) 371D range * 0.0704% = 26.127% 26.127% from here is around 2900 Thank you and come again disclaimer: these opinions relate to a possibly fictitious outlook and this post is thus for informational and entertainment purposes only, and as such should not be construed as legal, tax, investment, financial, or other advice. Nothing contained within this post constitutes a solicitation, recommendation, endorsement, or offer by Pod, TradePod, or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. Twitter: @TradePod
OANDA:SPX500USDShort
by TradePod
$RKT meme stock short squeeze!$RKT stock has now skyrocketed 113.6% over the past three days, since the company reported better-than-expected fourth-quarter earnings and announced a special dividend of $1.11 a share. S3 Analytics said there has been a "large amount of short selling" into the stock's (RKT) recent rally, with short interest interest increasing to 47.9 million shares, or 45.8% of the public float. "RKT's stock price and short selling activity is reminiscent of another recent highflying 'meme' stock- appears to have garnered some bullish interest from day traders on Reddit’s infamous WallStreetBets. it is near the top of the list of U.S. companies in terms of size of short bet by hedge funds, according to FactSet. That makes it a classic target by meme-obsessed investors, who have been storming together this year into shares and call options of heavily shorted companies in order to squeeze out short sellers. It was unclear of the size of the retail interest in Rocket at this time. A number of popular posts on WallStreetBet chatroom featured Rocket on Tuesday. One says “I like RKT. $1.7M all-in, let’s gooo YOLO,” and it quickly drew more than 1,700 comments. We expect the shares to normalize and again trade on fundamentals, however the timing is uncertain.” wrote Wells Fargo analyst Donald Fandetti “Our beta-tested social media stuff right now picked up on yesterday some really just hugely bullish comments over on the Reddit board WallStreetBets again. Najarian cited a jump in Rocket options trading volume following increased mentions on Reddit. Meme-driven chatter on Rocket was not nearly as intense as seen on GameStop, according to AI firm Accrete. The surge in Rocket could be a sign that the retail trading mania seen in GameStop earlier this year is still a factor. When a stock with high short interest jumps sharply higher, it could force short sellers to cover their bearish positions in order to limit their losses. The short covering tends to fuel the stock’s rally further. www.cnbc.com
NYSE:RKT
by AlenCiken
Why $REI oil meme reddit stock skyrocketed?A Texas oil company that’s been the subject of social media speculation in recent weeks is seeing an explosion in trading of out-of-the-money call options, indicating retail traders are betting on another big jump in the shares. Ring Energy Inc. is an industry minnow, selling an average of almost 9,500 barrels of oil in the third quarter. It shares have doubled in less than two weeks. The frenzy is latest example of “meme” stocks attracting the interest of retail traders. The company has featured recently in numerous discussion threads on Reddit. Ring is also under pressure from its largest shareholder, energy investor Simon Kukes, to make changes. Ring didn’t immediately respond to a request for comment. finance.yahoo.com
AMEX:REI
by AlenCiken
DOGECOIN ANALYSISI trade based on patterns so what's worked for me on this is simple ,trendline break target 50-100% ,I'm Looking long once it breaks the trendline and the chart looks primed for .1.Now we have levels below that can be taken out easily ,also those levels would be a good place to get in on re-entries. This has attention and the players are not that advanced in here as yet so keep it simple and rinse and repeat. For me a long is when the trendline break , trend hasn't changed yet so no shorts for me ,just opportunities to buy.
BITTREX:DOGEUSDLong
by datforexkid
2
Still Can't Chart, but Rainbows Make XLM Look Great!Let's be honest: with such a good running fortnight, XLM was bound to see a pullback when the rest of the crypto market saw its Sunday night drop. A quick peek at its fundamental growth shows us things are right on track, assuming the bottom we found tonight stays consistent with the rest since it's started seeing higher growth patterns. Whatever the case, I'm in on XLM for the long haul. While there are no Triple Boobs or Flimsy Floppies to indicate another explosion in the super near future, the long position on XLM still looks great to me. Granted, we may see a bit more deviation below the Assumed Bottom area depending on the performance of BTC in the next few days.
COINBASE:XLMUSDLong
by badwithmoney
3
BB Fundamentals and TechnicalsDon't see this as a "meme stock" right now and think it's got some great news under it, such as: +Partnership with IBM +Amazon AWS and BlackBerry Partner for NEw Intelligent Vehicle Data Platform +BlackBerry QNX used in Motiuonal Driverless Platform (Hyundai, Aptiv) +Facebook settlement to be announced +Partner with Baidu to work on a New Autonomous Driving Technology +Achieved National Security Agency (NSA) Approval for BlackBerry UEM +Sold 90 key smartphone patents to Huawei +Recieved Eleven "Employer of Choice' and "Best Place to Work" Awards As far as technicals go, I think the odds of a pivot in trend right now are very high. Recently after these "meme stocks" have their initial pop or begin their pop, they like to pop again at the lowest Gann fan line (support), which is known as the 8/1. I have a great example of this in one of my recent posts on SNDL, go check it out if you're interested. The 4/1 line will act as a key resistance at the start of this pivot, any buy-in before this resistance is tested should be good and neither premature nor too late. I don't like to set a solid price target in my analysis, but with the assumption that exponential growth occurs when higher highs are made, the 2/1 would serve as strong resistance for a top.
NYSE:BBLong
by ArticaAnalytica
LINK Looks Optimistic to Guy Who Can't ChartToday we take a little look through the optimistic and pessimistic lenses of LINK growth (as charted by me, a guy who can't chart) The Patented Purple Profit Eater Bar (patent pending of course) suggests that growth could be slow enough to make even the oldest of Romero's undead groan with anxiety. However, once we factor in our Blue Raspberry JUICED Short Term Trend Bar (also pending patent) things look much less bleak and we can see room for great growth scenarios in both the near future and the long haul. I don't know about you, but I'm feeling like taking out a second mortgage for more LINK (especially since they never gave me the first one) Thoughts?
KRAKEN:LINKUSDLong
by badwithmoney
BTC MACD bullish crossingWith multiple bounces from the marked support zone and triple bounce off of the bottom of the Bollinger band + what seems like a start of the MACD crossing, it seems to me that BTC is ripe for another round of yolo surge. At the very least, I think we're in for another test of the 42k. Also WSB is probably going to realise sooner or later that BTC is decentralised - meaning that it can't be regulated like their meme stocks. Maybe someone should tell them.
BITSTAMP:BTCUSDLong
by viiiiiid