MarketMotion

MarketMotion Updated 

15D consolidation channel breakout. Plan is to pullback and re-test breakout zone within this 336.70/338.50 area where if held successfully, should push higher into 345ish zone.

MarketMotion Updated 

Well ES showing that parabolic setup again signaling 4830. Today I want to see a pullback and base around this 4680 level to play out to allow this RSI to cool off. Currently sitting at a whopping 95 on the "5 length" not 14. If ES can base at this 4680 allowing the 4HR RSI to cool, I think we get this final move in the parabolic pattern into 4830.

MarketMotion Updated 

See chart, looking at a double WXY correction into a double top imo

MarketMotion Updated 

Making lower lows and lower highs. Looking to complete this 5 wave down sequence closer to 19.60-22 area.

MarketMotion

Looking for a pullback here into lower 150's within this ending diagonal pattern before pushing for a new ATH which I suspect will be within 205-225 range.

MarketMotion

NFLX, looking for this W4 to complete around 440-450 which represents the 2002 Longterm middle trend line. From here, I believe NFLX has upside into 960's as a long term hold.

MarketMotion

On watch for this leading Diagonal pattern. One of my favorite stock long term down here.

MarketMotion

I believe the highs were put in back in November with a relief rally coming soon that will be capped off around 50-60k (Will revisit closer to these levels). From here, more selling throughout 2023 into Spring 2024 with a potential bottom around 18-21k. Will require patience and will monitor this as we go.

MarketMotion

$XOM - I expect to top around 86-94ish with selling to step back in at this middle channel line. Expected pull back around 53-61.15. Overall, #XOM still looks like a great long opportunity into 150-200 Long Term.

MarketMotion

See Chart - remains a short for me into weekly pivot around $46.70-$47. Expecting a slight bounce there and continued selling into $39-$41 before watching for a potential bottom.

MarketMotion

See Chart - Should have completed a major wave 3 and looking for a pullback into the 295-330 region before any buyers step in.

MarketMotion

May reject here within this triangle or extend this wave higher into 180's. Ultimately, a better long term buy in the 140's imo.

MarketMotion

See Chart, looking for this triangle to form with my buy zone being between 2300 - 2600 I dont think this will go lower than this but I wont rule it out.

MarketMotion

I want the 10% correction to but reality is, this is not likely to happen until closer to 519-531 region imo. We should see another 4-5% pullback but closer to 500 I believe.

MarketMotion

Careful. Previous curve support failed the back test today and may very well be headed for another wave lower. Upper curve is now the new resistance with 3 new failed attempts to cross above.

MarketMotion

Island top reversal in the making. Should fill gap below.

MarketMotion

Large Diamond top on the monthly but based on the curves path, I believe this breaks to the upside. Still needs more time but ultimately I see this setting up for $600+ 299.60 - 325 is a great buying zone.

MarketMotion

Please see chart and curve line taking us to top of channel after the impulse move above middle channel.