AftabAli

AftabAli Updated  Apr 10

US10Y yield (white) and WTI typically trade in lockstep, but have recently diverged with US10Y rebounding while WTI has continued to observe selling pressure. Expecting divergence to narrow, with WTI moving higher off recent lows. Entering long positions on WTI contracts.

AftabAli Updated  Apr 10

Looking for a 50% retracement back to roughly the 19300 level. Will likely be a bumpy ride up, with the first test of resistance at 18300 (minor wave A), back down to the bottom of the gap at 16900 (minor wave B), and then back up to 19300 (minor wave C). Expecting to reverse short once 19300 is reached, but will evaluate further if and when target is reached.

AftabAli Apr 7

This is a long term trade which may take longer time to develop and contingent on positive price action through key resistance levels. First level to watch is the 30 handle, which is currently being tested. Break above 30 should take us close to the most recent high in Oct-2024, just below the 35 handle. Assuming price action advances past the 35 handle, we'd...

AftabAli Apr 4

ABCDE correctional wave resolution -- Looking for a bounce to the 2046 level

AftabAli Updated  Apr 1

Completing ABCDE correctional wave -- Targeting retracement to gap in futures of roughly 37600 level.

AftabAli Aug 19, 2021

Overdone, looking for a bounce to $221 handle by October 2021.

AftabAli Feb 17, 2021

This is a gift; buy with two hands.

AftabAli Feb 8, 2021

Extreme euphoria in garbage stocks with negative earnings. Bearish divergences on the MACD and RSI with price extended far above moving averages. Targets listed.

AftabAli Updated  Feb 2, 2021

Oversold, great spot to enter for a quick bounce.

AftabAli Feb 2, 2021

Don't sleep on volatility. Bullish divergences extending from Nov 2020 are primed for an explosive move higher.

AftabAli Feb 1, 2021

Strong price and volume momentum here + bull flag setup for a quick long trade.

AftabAli Jan 27, 2021

This is going to zero, short at will.

AftabAli Jan 15, 2021

Overdone, quick bounce trade to $34.

AftabAli Jan 13, 2021

In 2019, we saw the most recent inversion of the yield curve relevant to this particular debt cycle. Looking back at the past two recessions, it's clear that the widening of yields following inversion is when stocks hit their most elevated levels. However, as the yield curve continues to widen, higher long term rates compress equity multiples and the result is a...

AftabAli Jan 5, 2021

TSLA is the poster child for the current bubble. Bearish divergences across several oscillators, looking for $464 per share. Cheers.

AftabAli Jan 2, 2021

Getting very stretched here. Hitting a key Fib sequence 13 + 8 + 5 + 3 + 2 + 1 = 32 ($K USD). Expecting a sharp pullback down to about $12.2K. Happy new year!

AftabAli Nov 19, 2020

Huge upside potential for precious metals + miners. The miners been consolidating for several weeks now, and are running into the 200 SMA on the Daily charts. Big bullish divergences in the underlying MACD and RSI oscillators support an upside breakout. Open long call options with March expiration, and it should be an extremely profitable trade.

AftabAli Nov 3, 2020

Shorting this garbage into the election. Once this nonsense election is over, the economic reality will set in and this market will likely melt. Technicals are also favoring the downside with clear bearish divergences on the 3HR chart and stochastic at the top end of the range.