warning- horrible messy chart. lets just get into it. some have pointed out what looks like an inverse head n shoulders and the babyblue lines measuring the measured moved funny enough does take us to the main down trend resistance line (dashed gray line) do we get there, idk. but it made my chart more ugly be better for a video where i could remove it. there are...
if youre in this play. we pulled back and tested this break out zone at around 0.20c. tomorow willl be big when we get jobs market data. so we pulled back and now testing that zone. also the 200 simple is in the same place we"ll want to see if that turns into support. for bulls you want to see this hold and turn it into solid support then get over 0.24c and rip....
for tomorrow 9/9/22. we probably see a pull back to about 398. you can see 400/401 is a key level. we are in a well defined range and its probably not till Tuesdays inflation numbers we see a break out of this range. anything can happen but thats my game plan for tomorrow. this week it was still hawkish, but not as stern. i think they continue to say what we...
we are channel trading/consolidation. and this will probably continue till the meetings coming up. my main thesis is based off a few things. the up coming Jackson Hole meeting followed by Fed Jpow Friday. i believe we get under that 410 area. by Sept October. there is alot of factors influencing this, inflation, rate hikes, etc. 390 would be the area im looking...
Some scenarios. it all depends on what Jerome Powell is going to say. if what he says and its actually dovish. i dont feel like theres that much room to the upside on the spy. i feel like the easier trade will be if hes hawkish and we get downward action. because if hes dovish we have alot of resistance up there. we have the gap fill. then you have 425. where this...
edit: we are channel trading/consolidation. and this will probably continue till the meetings coming up. On the longer term we have an inverse head and shoulders forming. the july 17 low being the head. even on the shorter time frime we have one and we are on the right shoulder right above the neck line around that 412/414 area. now i only point this out because...
the entry is play money. probably a terrible entry depending how you trade/invest. we could deff see 0.07c before some type of action to stay listed happens. (edit;just realized it doesnt show entry, second entry & stop loss. entry 0.92c - second around .0801c - stop around 0.0645 which is kinda silly that was the 'play' entrys) but just for a 'for fun' play...
possible spy play out leading to the fed minutes esp if talks of balances sheet run offs. i dont need to list all the other crazy factors which are on the chart. mrkets can and will do anything its just something i kinda eyed out.
Spy levels. i (just) added the blue levels. the labeled one being the 0.5% fib speed res level. and 423.63 being the 0.32% but i just left my original plain 423 level for aesthetics. but i found it interesting how the blue ones, the ema's on diff time frames. and the fib speed resistance fan all kinda went together. for my opinion and im racing the clock on this...
huge earnings this week. i think they will be decent, if their bad forget it and we go lower. i just drew some random candles to show my general idea of what it may look like. TOMORROW -i think we gap down. then maybe bounce mid day. Then the feds are going to announce their rate hike decisions. i think we bounce to this 435-436 then REJECT when the may 4th...
Spy levels to watch for- the yellow 436.58 being the 0.5% fib on the fib speed resistance fan. and 423.63 being the 0.38% or (.25%) 440 is acting as resistance. if it breaks lets see if it can hold and go from there. could test 442-443 again. for my opinion and im racing the clock on this 15min edit window. if we dont breech and go lower we stay between...
Grayscale litecoin (LTCN) has over a +35% premium discount. it broke below 9. all time high was $485. anything under 10 to me is a huge buy zone/deal. setting up for a possible great bullish run through first quarter and into the new year. we also have dollar dipage (dollar dip/crypto rip) hopefully running with bitcoin esp if it can make its new all time...
i have no idea what i was doing got lost doing measured moves and..yeh. i didnt know if i wanted to keep the fib in because it served no purpose as i was using it to measure the two vertical sticks. anyway. seems legit. Trust Me Bro. PT $1400
if we gapped up above 458 this morning i believe we fade and id get put options and we soon go below 450. this was also major resistance area. any negative news will only speed this up.
never know. speculation. got carried away. need to break above 200 ema on dialy. maybe hit100 if break above for slight down turn heading into fed meeting/ rate hike. etc march 10th, 15th-16th.
Since WTI Oil broke the former two Resistance levels (74.15 and 77.00), the price turned parabolic outside the Channel Up that dominated most of the price action in September. There seems to be a Buy/ Support Zone consisting of the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line) and a Resistance Zone on the RSI Higher Highs trend-line. Technically...
spy prediction if jpow sticks to 3 rate hikes and we could possibly see 450 faster then you can sneeze. if he says something like 5 rate hikes then we could see us retesting the 420s again before reclaiming the 200ema. sell the rallys. buy the dips. DCA long term holdings. but d.c.a! see linked chart below (from october 1st). so far. still holding true.
So we had charted this a week ago and we can see how it’s playing out. Now I can't 100% say if this correction for what I believe is wave A will stop directly at the target area because we have a strong demand zone around 93.50 where wave 4 caught support. However, if we did correct that deep then we might be setting up for a head and shoulders pattern but that’s...