Nicklaus68

Nicklaus68 Updated 

If this isn't a bottom, it's pretty close. 5th wave could extend a bit, but it's at the bottom of the channel. Bounced off 11.7k, which is 50% retrace from Covid bottom and ATH. First target, top of the channel ~12.8k. Stop/loss 11.7k. Below here, 10.5k is 61.8% retrace from Covid bottom; ~8k would be -50% from ATH. They're very possible, but I doubt it running...

Nicklaus68 Updated 

Harmonic Scanner throwing the Bull Gartley, with daily volume dropping. I think a bottom is close. I'm already long from close.

Nicklaus68

So far, it hasn't spent much time below 0, but that could change very quickly here. If TQQQ falls under $30 any time soon, ProShares will be forced to consider another split in record time.

Nicklaus68 Updated 

Back-to-back clean harmonics are rare, so this is a long shot. If the next leg confirms tho, it's on. Bull Bat confirmed, but seems to have stopped well short of it's first target, the last bottom @ 358.5. Where it stopped is interesting, 38% retrace! If it continues up, the next bull target after 358.5 is 369.5. A lot of harmonics have 38% retraces, but only...

Nicklaus68 Updated 

Recent bear markets have been short events, 3 months to 3 years. However, there are lengthy periods where we essentially chop sideways, and we are about due. ~2400% pumps seems to be the trend. However, we're so far from the 100yr bull trend line & 17k SPY, that it will struggle to go straight up from here. How much further is hard to say, but it has to return to...

Nicklaus68

Saw a sine wave pattern, so I mirrored and flipped the bar pattern. It matched up nearly perfect with my plot derived from options and fibs. Won't be perfect, but it should rhyme a bit, for a lil bit. Options: For wed expiry, QQQ 362 is put heavy, 7500 p vs 4k c. There's also equal and opposite options at 368, 7500 c/4k p. 366 is max pain and also highest put,...

Nicklaus68 Updated 

12hr Stoch and RSI suggest a sharp rebound on Oil to 100/108 levels at least. This would be rough on markets and may kick the next big leg down if it gaps up.

Nicklaus68 Updated 

This is TQQQ-SQQQ chart. I warned of the ProShares split, and it got little mention in the news since the announcement. This is one of the most popular ETF companies in the NYSE, with $550bn in ETFs. This is a big deal. They decided to split ALL ETFs, on short notice (3 weeks) , right before the biggest pullback since covid? Impeccable timing or what? The norm...

Nicklaus68 Updated 

VIX has been spiking with TLT/LQD, but the last few times just seemed to help turn it around. Looks similar to the new year, in orange. Volatility has been exploding, per usual. Every 2 years since 2008, Vix has made a new support 3pts higher, shown in solid white. I just read an analyst saying 18 is likely the bottom for some time. TLT/LQD has also been on a...

Nicklaus68

Interest rates scale is on the left, plotted in orange. The last time we started hiking rates from zero, we saw a decent sell-off with the first hike. Then things became bullish with subsequent hikes, until it neared 2% where markets got volatile; and then at 2.5% where we see another sell-off. If history, that could put QQQ near -40% from ATHs. I'll be watching...

Nicklaus68

The charts are telling me the bottom is in; and options have been too put heavy this week to push it further down. If tomorrow holds QQQ 327, bull dreams still intact. Above 332 confirms it for me. News is still bearish, but the market has digested it and priced it in for the most part. Eventually Ukraine and Russian conflict will reach a ceasefire and that will...

Nicklaus68 Updated 

We had a low volume day on QQQ , <=65M, which has been coinciding with reversals YTD. Tops see vol drop before or at the top(white vertical) and Bottoms see a vol drop after or at the bottoms(Black vertical). For more info on this phenomenon, check the related idea below. We're also seeing a similar bar pattern in the yellow circles. History doesn't repeat, but...

Nicklaus68

Just a peak at history. Bear markets in war are usually short-lived, but the worst one yet is pretty interesting. It was already in a bad bear marketgoing into the war, near absolute bottoms when the war started. It still dropped another 28% before an amazing recovery, even a year from the end.

Nicklaus68 Updated 

The chart speaks for itself; there are obvious fractals on the bull and bear legs. they keep getting bigger as well in pattern. Volatility is expanding the X-axis like crazy; and bear moves are even more volatile in such conditions. Things could get very steep. I pasted inverted, expanded, copies for a future plot. Good luck.

Nicklaus68

Nas renko log shows an interesting arc pattern. How far it falls? Who knows, but I think it's prudent to keep your mind open.

Nicklaus68 Updated 

Made some Elliot Wave plot guesses for bull and bear cases, using fibs and volume profile. White boxes are year-long volume gaps that want to be filled. Red boxes are volume shelves (POC) that act as resistance/support, or get gapped past to the next volume hole. The upper white box isn't as wide, because the volume hole isn't as deep as the others. Tho the...

Nicklaus68 Updated 

The daily Stoch is crossing up the RSI; and the RSI is crossing up it's own MA. Every time it's done that in the past few years it's been a bottom. Sometimes a bit of selling for a few days afterward, but long term it's been a buy signal. Also it seems to have found support on the 400D EMA. We might see the bear return for February Monthly options expiry the week...

Nicklaus68

Internet Computer Protocol is a blockchain that works with existing internet infrastructure; in a way that existing internet companies can make up their own coins. It's also a Proof of Stake so no mining. It may be the answer to ETH. Notice increasing volume and price...