MoneyPatterns

MoneyPatterns

Weekly trend for SPX/SPY is turning bearish. We flashed a sell signal on the weekly candle yesterday. This is significant as this happens AT the turn down. 0.618 Fib Extension is around same level as 10WeekMA. The blue support is around 0.50 Fib Extension. Multiple things line up. :) Indicators RSI trend on Weekly is maxed out and very close to breaking down...

MoneyPatterns

Price was moving in white channel last night and broke into yellow Bear Flag pattern. This provided time for price to balance on the way down without shock. It also provides time for 10WeekMA to come up and meet price. Price goes below this red zigzag line and we continue down based on past history. Indicators RSI Trend line will be shown in Part 2 of 2 Next...

MoneyPatterns

Note - MARA is speculative, not based on earnings or fundamentals, and has high volatility. MARA made a decent pop just like we anticipated. Currently forming a Bull Flag on Daily. RSI trend confirms there is room left to run to price target of $1.75. Exit trade At RSI 70 or higher. At price of $1.75 or trade at your own risk. While it would have been a...

MoneyPatterns

Exit Points Top gap fills or pink resistance line around $19. RSI at 75 exit. Last two bullish runs RSI topped around 75 before downtrend. I think we are just getting started here. Bigger money coming in! Unusual Activity 22K ATM Calls on VIXY purchased TODAY. John Najarian uploaded a video. Can't believe I beat this dude to the punch. Charts...

MoneyPatterns

Happy to see some of my friends on here making money this morning. Glad we saw this coming! As we continue to work this trade, I have others into January and February. So things are stacking up nicely. :) Top gap got filled. Two more gaps below to fill (farthest gap down is $295). Exits for Shorts/Puts- 1st - RSI 30 - price will rebound upwards. Time exit...

MoneyPatterns

Dow Jones is following the pattern from previous chart. Headed towards "first stop" on chart at 26,500ish. May continue to 2nd stop on chart. We all know that news lies to the public. But when the actual data reports are available they demand review. We should be reviewing the data personally to ensure it matches what news anchors are reporting. We are...

MoneyPatterns

SPX confirming downtrend this morning - NO RETRACEMENT :) Filter Dots show trend is already mid-level. We can get to blue support line without a break. Watch for price to stop at 10WeekMA zigzag line. Will update chart around this time. Looking at previous downtrends, we see that RSI normally goes to 30 before any price pause/small retracement. We should expect...

MoneyPatterns

AAPL is very close to breaking white trendline support - Wednesday or sooner. Price may pause at yellow line (ascending wedge pattern support line), but I feel will continue lower. Cross of 10WeekMA and break of pink channel support line will confirm downtrend. Watch RSI for continuation. Price should not go much lower than bottom blue line (which is long term...

MoneyPatterns

MSFT looks to be breaking the current ascending wedge pattern. Price is breaking down right around the previously estimated breakdown point (white arrows). Yellow support line is exit (or top two gap fills). I am not sure the bottom gap will fill. Price may pause - need to determine further entry after top 2 gaps fill. After this next MSFT correction, this...

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QQQ confirming we should be seeing a broader market pullback. Price breaking pattern at correct time. Price is reaching down towards 10WeekMA. If we cross red zigzag, this should confirm continued downtrend to white support. May be best to secure some profits at 10WeekMA, as QQQ looks to lag after the initial drop. RSI and Filter Dots confirm downturn started. ...

MoneyPatterns

GDX buy signal on Daily. About to cross 10WeekMA for strong bullish continuation. Anytime 10Week is crossed we see bullish confirmation (weeks). Trend turned bullish on Filter Dots. Gaps to fill above in the $30's imply over 30% gains from current price. Not sure if we get this high, but bullish trend just starting today/tomorrow. SPY looking to go down soon. ...

MoneyPatterns

Buy signal triggered on Daily. RSI divergence is bullish. RSI still at 30 ( oversold). Fisher Transform shows trend flipped bullish (need to watch to make sure trend stays bullish). Gaps to fill above price and past 10WeekMA. If price goes above red zigzag, then I believe we fill top gaps to $20. SPY is showing a Sell signal on the Daily. I will update chart...

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Morning pop on SPX resulted in high of 3158. Blue lines on chart are support and resistance (more than 6 total points of contact). Price has barely exceeded resistance today, showing a topping tail (price exhaustion - no buyers). RSI starting today at over 70. RSI at over 65 for a month. Based on previous trends, we should go down to blue support. Break of...

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The 4Hr bullish support line (green diagonal line) is holding. Cup and Handle neckline is is around same price of 4Hr trendline, meaning possible pattern completion is possible. Red stair step line is 10WeekMA (or 50Day same thing). Price above red zigzag line will continue bullish trend significantly. Filter dots show next trend on 4HR is bullish. Next EMA Cross...

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Sell on the Daily but a Buy Long Term. BTC looks like continued bearish consolidation BUT...we are close to the turn. Looks like BTC may want to play down into the $6500 range. However, it may not. If you want a good price, but worry about getting left behind wait for price to enter anywhere under $7k and make small purchases. Based on previous patterns and...

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The 0.618 Fib Level on recent price spike will fill top gaps down to $304. The 0.618 Fib Level from February 2009 until Present (10 Years+) coincides with past resistance/future support levels from August 2016. The lower 0.618 Fib Level would have SPY at $214 roughly. Next week we should find out if we have a small correction. It may take into January to see if we...

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BTC overshot the support (like usual) and is bouncing back strong into December. Confirms Bullish Trend - RSI broke downtrend. Low and plenty of room to rise. Filter Dots show bullish trend just started. Intraday Momentum (bottom indicator) was totally bottomed out. Plenty of room to rise. Bullish EMA Cross incoming on top chart around $8000. If we get above...

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AAPL is roughly 4.2% of SPY. The AAPL chart and SPY chart show many similarities. Both have a main wedge (blue) with a smaller internal wedge (yellow). Price action, RSI, and momentum on AAPL and SPY are almost identical. Break of white trendline would be a good entry, although I have seen several false breakdowns recently. I am expecting a break of the yellow...