N0tSwift

N0tSwift Updated 

This looks like a likely path. Small (<4%) drop to fill gap @ 50 SMA, then Rise PAST recent general down trend to Top @ 5 Year top of channel for year end, election euphoria for some. Money flowing back into the market from cash. Then down (February?) with COVID & Foreclosure issues. *NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*

N0tSwift Updated 

It's still looking like we drop to the 200 SMA, then bounce and go up. 70% This looks like Wave 2 of a 5 part EWave at the moment. 20% chance we drop back into descending channel 10% chance we drop further Serious risks still out there: 1. Stimulus - UP UP AND AWAY - Upside risk 2. Foreclosures - Forebearance and Eviction moratoriums end in January unless things...

N0tSwift Updated 

Reaction to the election popped us out of existing channels. A couple of large gaps are showing and look to call us downward to fill. Following fill, we should bounce off of 50/200 SMAs and the former trend and start up to the blue trend line, then...who knows. Most likely case back down.

N0tSwift Updated 

With the election, who knows for sure, but...this is where things seem to be headed. $90-100 * NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR * Apply your own best judgement.

N0tSwift Updated 

I've heard arguments that we're going to bounce off of the 3400 (black line) mark on SPX, a 38.2 retracement of the Recent October upswing, and up, up, and away. This makes no sense to me given market conditions. If we look only a month back, and the real meteoric rise of the market from March to Sept 3, and do a retracement, we have a log way to fall still (green...

N0tSwift Updated 

TQQQ was an amazing run to 9/3 the past 8 years, but...all good things come to an end. I'm expecting a 3rd test and break below the support line and a drop towards a 33% correction from the 9/3 high (175.92, and crazy drop that day), putting us somewhere around $118 before we start the rebound. 33% / 8 year average correction in market overdue (Upward from...

00:02

N0tSwift Updated 

Where's the next bottom? It's certainly interesting. Blue Line - Sept-October support Orange Line - Feb High Pre-Covid Black Line - Bottom of channel 2012-2020 upward trend Personally, I think the fundamentals of the economy are worse than they were pre-COVID (unemployment, forestalled foreclosures & evictions, bankruptcies, businesses closing...), which means...

N0tSwift Updated 

I see this moving downward, but price moves are squeezing smaller indicating a bigger move coming. Broke 282.50 support twice this week, but closed above with a gradual healthy rise to end the day. Lower highs each day. If we don't break pattern, Monday looks like... *NOT FINANICAL ADVICE - NOT A FINANCIAL ADVISOR*

N0tSwift Updated 

I see a downward channel the past few days on TQQQ and QQQ, an corresponding upward channels on SQQQ Resistance around 135.40 on the downside. Breaking move Up or Down out of trend coming soon. Morning delight as the market rises, followed by afternoon drops seem to be the norm these days. *NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*

N0tSwift

I see the market having gotten over-exuberant in August, and expect us to correct back into the 2008-2012 Channel. The Pre-COVID ATH points towards right in the middle of that channel, and a normal 8 year (now 12), correction by 33% Short term (<4 months), I think we have a slow bleed into 2021 as we correct. RISKS/CHANGES Possible: Big Stimulus drives the...

N0tSwift Updated 

The up and down swings daily have been predictable and profitable on SQQQ alternating with TQQQ. The ever tightening range between resistance and support on QQQ indicates we're due for a big change soon though. Keep stop losses and target profits pretty tight, it turns quickly in ever shorter ranges. 70/30 we break DOWNWARD due to Macro Economic problems,...

N0tSwift Updated 

Hovering just over the support line around 282 on QQQ. Two tests, still trending down. If we break 282, down we go. *NOT FINACIAL ADVICE - NOT A FINANCIAL ADVISOR*

00:04

N0tSwift

This is what the charts say to me. C Leg of A/B/C Elliot Wave MACD crossover disagrees RSI Neutral Please correct me if I've missed something. I want to be a Bull, but the 9/3 peak and 12 year cycle up vs. an 8 year average 33% correction, and the Macro economics of layoffs and forebearance screams crash to me. *NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*

N0tSwift

Bought on 9/16, broke the wrong way the very next day. Looked like a decent descending triangle. Looked like it was just starting to break above the top trend line. Can someone hlep me with what I missed? Seemed like the market was moving into Gold to offset some risk. Had recently had a decent pullback. It didn't turn out to be a good time to buy. Market went...

N0tSwift

Thoughts? While the overall market still seems in turmoil waiting on a stimulus package or regime change that may never come, OGIG, Internet Giants looks like the start of a long term 3rd Wave to me, and I'm pretty bearish right now.

00:03

N0tSwift

With all that's going on in the macro economy, I keep expecting the stock market bubble to burst. It was a tremendous run up until 9/3 especially in QQQ/TQQQ. The hopes of a second stimulus bill have kept the bubble from deflating IMO. Friday we'll see. New unemployment numbers that are not likely to be good. October will be worse without a PPP/CARES extension....

00:08

N0tSwift

We've broken the trend channel. Will we get to a Fib 61.8% retracement? or bounce at $105.25 the 38.2% line? 61.8% puts us just above the Feb high and seems a likely target range Thoughts? *NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*

00:20

N0tSwift Updated 

We've been moving sideways lately, but at the end of Powell's FOMC press briefing, we started breaking bad. It's looked like A/B/C down/up/down repeat for a bit with an overall trend down towards the bottom of a channel line (black dotted headed up), going back to 2009 $273 will be a REALLY INTERESTING number if we drop a bit more. Not sure how interested I'll be...