Mekronid

Mekronid Updated 

First off, sorry for the odd orange lines, I couldn't make the chart 5 minute resolution for this one-day prediction. Instead I tried to predict where the most trading would commence for a given 15 minute timeframe by overlapping transparent lines on the 5 minute chart. The basic premise is that Valero will end the day in the red after making a semi-H&S...

Mekronid Updated 

If the first leg up extends farther than the lowest orange line then this specific strategy is void. That is all.

Mekronid

We've witnessed weeks of repeated recoveries in the face of crisis after crisis and economic doomsaying. It's about time the market returned to reality; at least for a little while. While it's not confirmed I'm guessing after SPX hits 2400 it'll bounce pretty hard. I could see a run back to the 2900 area within just a week or two. Position your SLs carefully -...

Mekronid Updated 

It appears to be coiling up for a nice breakout. AMD's newest processor release is supposed to be on June 10th. Yet despite these tailwinds, the stock has broken its uptrend. This implies AMD's recent rally is based on expectations of a slew of processor releases for the 2nd quarter. With COVID delays and supply chain complications this doesn't seem particularly...

Mekronid

Based on the pattern beginning in December 2018 we should see a third ascending triangle. Normally breaching long-term support whilst failing a breakout results in a steep bear market. However, three consecutive triangles brings indecision from May to June 2019. Bear market until late September to early October 2019. Rapid leap back to the top of what now...

Mekronid

Candle Cal takes another crack at navigating SPX trends. This time he stops to consider whether rock climbing is in the cards. Target: ~2360 SL: 2770 Cal is one of those down to earth people. He realizes, well, it's pretty darn hard to break a 9 year trend. And since that smaller upward channel is already showing weakness, why not hop down a few hundred to...

Mekronid Updated 

We have Candle Cal here to show us where he thinks the market is headed. Cal tripped after a nice run up and is expecting he'll keel over around August-October. Further refinement of that projection should be possible by July. He's also expecting increased weekly volatility in the meantime, while overall daily trends remain moderate.