JebusLives

JebusLives

I'd like to see a push through the 20 and 50 EMA's, and some higher lows, but it's possible we're getting a reversal here. Back to $1.65 on a nice oil rally?

JebusLives

Looks like SPY is ready to make a HUGE downward move. I think it's possible that the RSI might even break up out of that wedge, but would subsequently fall. You can see a similar, but less dramatic effect on the daily. This, and converging moving averages on the VIX, and a shrinking ATR all tell me that the bands are narrowing, things are coiling up. A big move...

JebusLives

Looks a bit like a cup and handle, prices forming an ascending wedge in to resistance. Bullish MACD crossover on the daily is nice, and I really like the setup here, the stop loss is only a few percent. Another possible method here is to see if this dives to the lower end of the megaphone, and play a bounce off that. I'm not exactly clear on where to set my...

JebusLives

You can see the trendlines. White (hot) trendline is formed by the irrational exuberance of the dot-com bubble. Oil prices ran hard, then the global economy collapsed. Then we see that trendline touched again in 2008, during another period of irrational exuberance. So where are we today? Irrational exuberance - GameStop, bitcoin, GameStop, global housing...

JebusLives

Going under $0.86? Huge moment of truth coming.

JebusLives

Extended that red line

JebusLives

Oil! Follow that trend up.. fight with $74 ensues!

JebusLives

My last prediction worked out so well, I thought I'd try again. After completing the wedge, BTC broke down to support at $34K, then rebounded to test $41K - It's still trading in a huge range. After two quick tests of $41K, it fell below the new upward trendline. As it bounced off the trendline, $BTC broke 50 on the RSI, but the RSI reversed. Encountering...

JebusLives

I see it trading inside these trends until the ascending triangle pushes prices over $74 resistance. Once past $74 it gaps up to $80 quickly. This is oil, this prediction can easily change based on geopolitical factors.

JebusLives

Pandemic lockdowns across the country, big miss on earnings, losing $15 million a day. My guess is that AC drops to test $23 when the current pattern completes. I'm not confident that $23 support will hold. The only good thing to say about Air Canada, is that they have government cash pouring in. The government of Canada might not let AC die, but they've let the...

JebusLives

$BORR's current location on the Gann Fan is fine. You can see $BORR got ahead of itself, into that 4:1 turf. Now we're nicely consolidated, waiting for the next oil push.

JebusLives

Bull flag has formed, I'm optimistic we'll see another nice big pop once oil gets back on track.

JebusLives

I think the chart speaks for itself. Get in under $1.30 - Target $1.80 for quick 25% win.