EdwinPus

EdwinPus

What does this chart tell us? It does tell us that one asset is about to outperform another short term, then we have the blow off top for BTC in relative terms, if we stick to the pattern.

EdwinPus

Watch this curve because the market always knows, and the market isn't as free as many think. Gives us a sign when the true risk off kicks in. Might be due for a short relief soon, and then it starts. A potential bounce area is market as white, might not match and steepen now, but the breadth indicates that more likely than not we will get it in a matter of weeks...

EdwinPus

I've included a weekly trade plan for NVDA (Nvidia) with points to watch at the weekly close, need a close below green support right now, this week should give a strong signal. We've already had a strong rejection at the purple and SPX is suggesting a fall to 4000's, low 4100's, this should give us enough room to finish the move. Once that happens we have to...

EdwinPus

I've included a weekly trade plan for RACE (Ferrari) with points to watch at the weekly close, need a close below yellow and green supports right now, this week should give a strong signal. Once that happens we have to capture a 12% swing to low as that's a strong support area, where we will be looking for re entry short or long depending on the general market...

EdwinPus

Let the lines do the speaking. And yes it's a very brief description, since my work doesn't get exposure anyways.

EdwinPus

The green trendline serves as the ultimate go signal, and a close above it would typically signify the onset of the parabolic movement stage for the asset. Besides that, every bounce presents potential trade opportunities for those who prefer not to hold this particular asset class long-term. I foresee the first substantial test for this asset class occurring...

EdwinPus

This in the past five years has been a very strong topping signal, I'm not sure if there's much more to add. The platform wants me to add some blurb to meet it's guidelines but what can I tell? The chart speaks for itself. Hope you've found it useful, it's certainly one of many things I have included into my market model.

EdwinPus

We've observed a clear bearish rejection on the weekly chart for both Bitcoin and PAXG (tokenized gold) spread. However, on the monthly chart, we've experienced a breakout. This situation presents two possible scenarios: Micro Moves and Bullish Retest: It's possible that we are currently in a phase of smaller, more intricate price movements, and the market could...

EdwinPus

Bitcoin is currently in a challenging position, teetering on the edge of two crucial support levels. However, the prevailing market conditions could easily trigger a steep decline if they deteriorate further. The current positioning suggests two potential outcomes: either a swift reversal is imminent, or we might be on the brink of a rapid deleveraging event,...

EdwinPus

High yield corporate bonds show a significant correlation with the risk-on/risk-off sentiment for the S&P 500 (SPX). As we can observe, the current market structure resembles a wedge, which can technically serve as both support and resistance. To add complexity, we're currently at a channel resistance level, which also happens to be a historic trendline. This...

EdwinPus

This is essentially a momentum play where we're seeking a breakout in the Russell 2000 (RUT) compared to the Nasdaq, signifying relative overperformance and potentially paving the way for new highs on the S&P 500 (SPX). It's important to note that a rejection at this juncture would indicate a bearish signal. However, from a pattern probability perspective, the...

EdwinPus

I've employed a historical resistances approach to identify the most critical monthly levels that tend to hold significance when considering new positions. Currently, the green level has not yet been surpassed, although I strongly believe it's likely to occur, possibly either now or following a move towards the pattern resistance, which should align with a new...

EdwinPus

Here's a closer look at a highly reliable cyclical bear market indicator. Over the past two decades, it has consistently proven itself as a trusted signal, often aligning with yield curve inversions. In contrast to employing trendlines and breakouts for precision, this chart relies on moving averages. These moving averages function in a similar manner to channels,...

EdwinPus

Looking ahead to the upcoming week and my market outlook: Let's begin by examining the yield curve spread, which consistently correlates with the bear steepener. This spread provides us with a valuable timetable or countdown, usually spanning 1-3 months before a breakout occurs. When this breakout happens, it typically signifies that the market has already...

EdwinPus

Need a close above the current head and shoulders pattern, even with a close above, the yield curve is trying to inverse and VIX is building up a breakout pattern, so this is for short term plays only. I might post a lot, but I do it because I care about being objective and think about the market as I proceed with my trading. I'm not selling anything, I'm trading...

EdwinPus

Watching for breakouts and breakdowns to lead the market along with other indicators.

EdwinPus

Those who are not skeptical about pattern breakouts will take this chart seriously.

EdwinPus

If this chart is accurate, unless we break the trend it seems that the gold cycle is not there yet. Unless we break the trend of course. The opposite goes for stocks as crazy as it sounds.