KobesyTrades

KobesyTrades

Few believed this bear flag would result in such a move. Went even further than I thought breaking key TL on monthly ... backtest soon $EURUSD $USDJPY $EEM $GLD $TNX $TLT $SPY $QQQ #Currencies 💱

KobesyTrades

Critical week ahead with key earnings and July FOMC. 🐻s needs to stall into FOMC (7/29) for possible drop. Double top, Elliot Wave, divergence and waning momentum all in play. March’s fractal fits well on the chart 🤔 $NDX $NQ_F $XLK $SOX $FB $AMZN $AAPL $MSFT $NFLX $GOOG $TSLA $SPY $SPX $ES_F #ElliottWave #Stocks 📉

KobesyTrades

Coming into a resistance area I expect to hold (42.50-43.70) for a pullback. Could be a large one in August which is also when seasonality flips $USO $XLE $XOM $CVX $XOP $GUSH $DRIP $SPY #Oil #CrudeOil #OOTT 🛢️

KobesyTrades

$EURUSD 💶 looks set for a breakout to test key down trendline. What happens there is critical for markets $DXY $SPY $QQQ $DIA $EEM $USDJPY #6J_F #6E_F $EEM $GLD $TNX $TLT #Trading #Currencies

KobesyTrades

Has held up recently, but looks to have formed a bear flag. Lower bolli opening. Implies equities have more upside in near-term. 36 has acted as resistance the past month $TVIX $UVXY $SVXY $VXX $VX_F $SPY $SPX $ES_F #Trading #Stocks #Volatility 💥

KobesyTrades

Went above the Dot-com 💭 highs. Appears the top is; however, with $SPX & $DJI looking strong doesn't mean rest of market done yet $SQQQ $TQQQ $NDX $NQ_F $FB $AAPL $AMZN $MSFT $NFLX $GOOG $DIA $VIX $GLD $TLT $TNX $DXY #Trading #Stocks 📈

KobesyTrades

On lower time frames (hourly) got bullish divergence overnight. Leading indices today. Last wave still in play $DJI $DIA $SPX $SPY $ES_F $NDX $QQQ $NQ_F $VIX #DowJones #ElliottWave #Trading #Stocks 📈

KobesyTrades

Bearish divergence showing up on this gap 'n crap

KobesyTrades

Could pop to 200dma, but looks increasingly likely the channel breaks down. Just above the $6K level adds risk of big down move

KobesyTrades

170 was indeed "C" bottom. Closed over 200 preventing 50/200dma cross. More upside possible before channel break (and new lows)

KobesyTrades

If holds below can't rule out a trip down to ~17 ...

KobesyTrades

Looks like another DCB into 13dma rejection. Break of 2.44-48 area was BIG. 2016 lows should be tested

KobesyTrades

Lost the 50ema for the first time in almost a decade. Suggests a bear market starting (akin to Mar ’01 & Jun ’08) as long as remains below

KobesyTrades

Under $6K and there is risk of a move to test support near $3K

KobesyTrades

Possible it goes for the ~250 gap, but my lean is the POS gets crushed. Doesn’t want gov assistance ... oh really? They weren't selling pre-corona. Revenue drop in 2020 will make 2019 look like nothing

KobesyTrades

In June 2008, #DowJones broke its weekly 200ema and key support (DotCom highs). It then backtested in following months before next major down move. The setup is similar now 🤓

KobesyTrades

969 was indeed the high. HUGE move down if caught. Setting up a 13dma test, which if rejects would likely see a new low

KobesyTrades

Exploded higher than I thought and the pullback to test ~139 was also very quick. #Rates may double dip as #Fed suppresses $ZB_F $ZN_F $TNX $SPY $SPX $ES_F $VIX $QQQ $NDX $NQ_F $GLD $DXY #Bonds