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should be renamed, Bed Bath and Beyond $45 IncomingTLDR bbby going bigly beyond Measured move from previous run up 120% brings us up beyond previous resistance around $45 from where we are now Previous run up saw the largest volume bar entry BBBY has ever seen followed by 15 bars on the weekly chart or 69 bars on the daily before blast off This time we have had again the largest volume bar entry ever bigger than the last and, this time around a price of $30, were only now at 41 bars on the daily chart from this volume entry and conveniently have earnings coming up within this time period at 63 bars. Just enough time to scam it sideways to burn short date option earnings players before scamming it to new highs again Conveniently this delay would also take us to 100dma support as well as on the weekly chart would have us seeing the 100 weekly moving average bullishly crossing the 200 weekly moving average which historically for bbby has shown good things happening for quite some time $79 previous ATH of course possible This would also all within keeping of a tidy little channel lining up with the 100 and 200 day moving averages and with left beginning point of the channel at $5.95 the highest price volume point this whole crash and recovery, starting the channel off on the third day of support at this highest price volume level Seems like bed and bath are gonna go Bigly beyond!!
NASDAQ:BBBYLong
by TraderCaps
1
NASDAQ 35,000! But not yet, 1st bounce to 100DMA around electionGot some lines and what not there, all tasty stuff right. Checking around various time frames, got various gaps to retest and fill and what not. Got the overbearing original trend from last 10 years or so in heavy green dashed channel. That overbearing big trend, which we broke out of, conveniently going to line up with the 100DMA, along with a support line from some previous gaps to be filled, indicated by that triangle there, should happen around election time, CONVENIENTLY naturally lol. First we gotta play out the mini downtrend which we're in now, find support (gap line), and check out ~50% retracement of previous mini bull trend, conveniently at a gap line also, as indicated by the text on the chart there. Then probably test that overbearing big 10 year trend in thick dashed green into the rectangle zone, gotta bounce around a bit (as things play out will have more indication of what this will look like), and then retest the big 10 year trend again into our rectangle on the big trend/gap/100DMA convenient as always. Then we'll be pushing for our next leg up for newer highs before some retracement. And then on to NASDAQ 35,000! ;-) #NASDAQ35000Hat
NASDAQ:QQQ
by TraderCaps
2
Hi Ho Silver, we go like this till we go up!As you can see on the tremendous chart, silver will go and do things before it goes on a tremendous rocket ride. Some little gap resitances and supports being seen on the different time frames. Overall bigger picture is a symmetrical triangle which should resolve bullishly based on the SLV/GLD ratio chart. In the shorter term we may follow roughly follow the yellow line into some of the gap candle resistances on different time frames. Upper spot which the yellow path I've drawn hits comes into a moving average at the same time, then back down into our triangle before we resolve to a grind upwards out of September before final rocket up. I haven't posted the SLV/GLD ratio, but I guess I should to show that the timeframes are in alignment for the bull run.
AMEX:SLV
by TraderCaps