UNH
SPX500 / ES / SPY - Enjoy the Party While It LastsThe period of market activity following the November CPI pump has been both a choppy grind and hard to get a handle on. I had personally believed that the market makers would run 3,700 long ago, but that we wouldn't set new lows.
Turns out, after much deliberation, they ran 4,150 instead and dumped it back to 3,800 but still haven't taken 3,700.
When trading, anyone who genuinely "knows" what is going to happen also isn't allowed to speak to the public. There are contracts binding their mouths with big penalties for violation.
Ergo, literally all of us who are trying to do this are making a best-basis effort to anticipate what's going on and what's going to happen with limited information available.
What this means is that to increase your accuracy and avoid blowing yourself up, you have to continually revaluate what you think is going to happen on the basis of what is actually happening in front of you. This is an important ability to build, but there's a lot of inner obstacles. You can only do it via determined and diligent mental and emotional self cultivation and improvement.
All on its own the last 45 days of price action tells us something. The December FOMC rendezvous with the September CPI dump formed a double top where big, big fund positions selling short will be carrying market buy orders to exit their positions as part of their risk model because "resistance was broken."
In terms of the market retracing and coming back to take out that level, this doesn't always work out, as seen on both Tesla at $315 and WTI Crude at $93.
But, when combined with this three week period of "bear flagging" (it's just consolidation) and, as we saw on Friday with an unwillingness to trade lower even on Non-Farm Payroll day, arguably the third most volatile news driver of the month behind CPI and FOMC, it tells us more.
Looking at daily candles,
The fact that the market makers appear to want to trade higher without trading just a little bit lower to take the giant fund sell stops at 3,700 indicates to me that the biggest cowboys are actually long and the intention is to keep selling.
Now, you're probably used to thinking, "Doesn't the price go down when big money is selling? Doesn't it go up when they're buying?" The answer to that is yes, but no.
Think about it: if the banks were to sell low and buy high and then buy high and sell low, like you do, wouldn't there be a 2008 financial crisis all the time? Wouldn't they also blow their accounts like you do?
Instead, although it takes a lot of money to buy and sell the orders planted along the way, the reality is that big funds and banks are selling on green and buying on red.
Selling on green and buying on red.
I've heard if you work at a trading desk and you buy on green and sell on red you'll quickly find yourself holding a filing box on the sidewalk waiting for the Uber to take you back to your apartment.
This is really worth thinking about.
Looking at monthly bars, last January was a 600 point nuclear month. The algorithms, although they do perform fractals on a consistent basis, generally, do not like to repeat themselves in such an obvious way.
Ergo, expecting January '23 to be a big nuclear month may be a bit of an error in judgment.
I think everyone now understands that the global economy is in big trouble, the living environment is in trouble, and on top of that the central banks aren't in the mood to run a bailout or a rate cut to save markets from crashing.
And yet, they don't crash.
That's because it's the same idea as the blade of a guillotine. Before you drop the hammer and decapitate your victim, you first slowly pull the rope so the knife is hanging high over head.
"The bigger they are, the harder they fall."
I believe that what we're about to see happen is SPX 4,230. There's a gap conveniently placed right above the double top from before September CPI. Both this and the late December pivot @ 3,79x are both very obvious on weekly candles.
Once we get there and everyone has turned bullish again and forgotten where they are in the diagram, then it's time to start looking seriously at getting risk off and buying puts.
Once the calamity really starts to unfold, you aren't going to see consolidation like this and we're not likely to get big bounces along the way. The kind of 200 points down one day 200 points up the next saw during COVID hysteria also isn't likely to unfold.
It's just a question of what the catalyst will be.
And that catalyst may very well come in the form of "China."
I say "China" because although it may unfold in the nation of China, the issue is the Chinese Communist Party. You really have to separate that rogue regime from "the Chinese people" and "the Chinese nation."
China is being absolutely sacked by Wuhan Pneumonia. The pandemic situation there is not like the COVID pseudo-pandemic we saw in North America. And this situation has been true for the better part of 3 years.
Although the CCP covers it up and hides the data, just like they did during 2003 SARS, nobody seems to have learned their lesson that the regime is a chronic liar. Or at least, when it comes to the topic they exercise "Three Monkeys."
One day that isn't all that far away, Xi Jinping and the Party will really be unable to contain reality any longer. In the same way that a forest fire that's absolutely out of control and absolutely raging will eventually roll towards the city (See 2016 Fort McMurray wildfire) and start smashing up industry, people, lives, and the regime for real.
The warnings signs of this will be kept quiet by western media until it can't be hidden any longer. So you likely won't get much notice besides that prices stay high while volume drops and the USD and VIX start going on a "weird" moon mission.
When it starts, you'll be greeted by unprecedented Monday morning breakaway gap downs that never recover.
Ultimately, what I want to say to everyone who reads this is that the tribulation won't be limited to China's borders and will quickly become international. It will be the kind of thing that global governments cannot keep a handle on, either, and the problem will concern more than your stock portfolio.
To evade and escape the disaster, it's absolutely critical that you do your part to oppose, reject, and stop supporting the Chinese Communist Party and all the Marxist-Leninist, socialist things it has spread around the world during the last 23 years via the United Front Work Department.
It's a choice you both have to make, and one you'll be forced to honour by history.
UNITED HEALTH Buy Opportunity for this quarterThe UnitedHealth Group (UNH) hit the Resistance Zone following our last (November 18) signal but as it failed to break through its top, it got rejected:
By doing so, the price even broke below the Higher Lows trend-line and the Bullish Megaphone pattern, that were in effect since February 2021. This potentially signals a deceleration on its enormous and sustainable rise but not necessarily that it turns bearish. In order to do so, it needs a closing below the 1W MA100 (red trend-line).
Right now with the price on the 0.382 Fibonacci level and the 1D RSI oversold at 30.000, it is on the very same spot it was on the June 17 2022 Low. See between the two fractals, the successive hits on the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line).
As a result, we consider this a buy opportunity back to the bottom (551.00) of the Resistance Zone.
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UnitedHealthGroup Analysis 19.11.2022Welcome to the BasicTrading channel.
My name is Philip and in todays analysis I quickly go over the situation which we currently have on UnitedHealth Group.
I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities.
If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow.
I will personally reply to every single comment.
Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
UNITED HEALTH Stronger than ever one last Resistance to go!The UnitedHealth Group (UNH) has been on a strong 3 day rise since the November 15 Low which was a Higher Low within a hyper long-term Bullish Megaphone pattern, with the trend-line holding since February 22 2021. On top of that it rebounded within the 1W MA50 (red trend-line) - 1D MA200 (orange trend-line) zone, which has more or less priced all prior major Higher Lows.
The next barrier standing is the 553.00 - 559.00 Resistance Zone that is holding since the April 14 2022 High and has had another two rejections, forming an Ascending Triangle. Needless to say, a break above it would be a major bullish break-out signal. As to the target? That would be initially the 1.382 Fibonacci extension, around $590.00, which is the symmetrical of the Fibonacci retracement levels that have formed the last two Higher Lows. As seen on the chart, the November 15 2022 Low was made on the 0.5 Fib while the October 13 2022 on the 0.382 Fib. We can argue that if there is one more rejection on the Resistance Zone, then the 0.618 Fib is a candidate for the next Higher Low.
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UnitedHealth Group UNH - Double Top? Short IdeaDespite this year's bloodbath of stock prices, UnitedHealth Group (UNH) has shown considerable strength and has continued to the upside. I did want to take a macro look using the monthly chart and noticed a double-top forming. The company does have strong fundamentals with earnings goals being reached every quarter. However, the stock price is showing strain to the upside with this double-top and appears to me that buyers may be losing the battle short-term. Furthermore, we can see the MACD is coming to an end as well and may enter bearish territory in the very near future. It very well could be a chance to short this stock which is showing some upside stress signals in the near future.
Curious to hear others' thoughts?
Thanks for stopping by!
KC
Another Short on UNH. UNHI have lost count of the number of successful shorts I've had on this say over the last six months.
Momentum flipped, PSAR close to. Elliott is always the main drive to all of our decision making, however.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
$UNH HERE WE GO 🚀🔸️Ticker Symbol: $UNH 🔸️Timeframe: 4H 🔸️4X Bull Pattern 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: $UNH is currently breaking a strong resistance level in the market at $548.58. I do believe if we can continue in this 4X bull pattern we could potentially see $560 next week on $UNH. Let me know what your investment strategy is.
4X 🟢 Bull Pattern Confirmation Requirements
✅️ Linear Regression Indicator Increasing
✅️ Money Momentum Shifting Higher
✅️ Green Dot: Key EMA Crossover to Upside
✅️ Green Middle Band: Bull Market Momentum
4X 🔴 Bear Pattern Confirmation Requirements
🔻 Linear Regression Indicator Declining
🔻 Money Momentum Shifting Lower
🔻 Red Dot: Key EMA Crossover To Downside
🔻 Red Middle Band: Bear Market Momentum
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. Trendsi Trades LLC is not a financial advisor and may not be held liable for any losses which may occur.
$UNH ON THE VERGE OF A BREAKOUT? 🔸️Ticker Symbol: $UNH 🔸️Timeframe: 4H 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: $UNH is currently trading at a very crucial level in the market sitting at $548.58. Historically looking left this area has acted as a strong level of resistance. However, if $UNH can push higher and break though this area of resistance, I do believe we could see the price of $UNH continue to approx. $560. We also have our money movement indicator pushing higher along with the middle band on the dashboard showing green bullish momentum so if something is going to happen it should be soon. Let me know what you think in the comments.
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. Trendsi Trades LLC is not a financial advisor and may not be held liable for any losses which may occur.
Bullish Swing Trade on UNHWith sell in May and go away in play. I thought I'd take a swing trade on UNH it is in a defensive sector(healthcare), which is a rotation method for the summer months. So I'll place a limit order @ 489.00 and a SL @ 454.00 and a TP @ 555.00. The order block and the market cycle (May 13 - Jun 6 2022) are confirmations.
$UNH $ANTM $SPY $QQQ I OptionsSwing WatchlistUNH 4H I UNH is forming a bull flag pattern and might be breaking out above $490. There has been unusual options activity betting on a breakout to $500 by June.
ANTM 4H I ANTM is forming a bull flag on the daily and the 4 hour time frame. Looks great on a break above $500. Healthcare overall outperformed the market last week.
SPY 1W I QQQ broke down lower as expected, we want to see QQQ reclaim the level above $305, or more downside could come. Next support level is near $268.
QQQ 1W I SPY continues the sell off and went into bear territory on Friday before a quick recovery. $380 seems the level to hold, below we could see $350.
4/24/22 UNHUnitedHealth Group Inc. ( NYSE:UNH )
Sector: Health Services (Managed Health Care)
Market Capitalization: $490.152B
Current Price: $520.94
Breakout price: $536.25
Buy Zone (Top/Bottom Range): $529.50-$507.55
Price Target: $548.50-$553.30 (1st), $611.50-$618.00 (2nd)
Estimated Duration to Target: 29-31d (1st), 97-100d (2nd)
Contract of Interest: $UNH 5/20/22 520c, $UNH 9/16/22
Trade price as of publish date: $18.57/contract, $25.25/contract
United Health in Respite. UNHGoals 514, 522. Invalidation at 470 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe