Nicklaus68

Nicklaus68

When yellow hits zero, they are equal market cap. You can see in this chart how ETH & BTC find resistance against each other. However one is trending up and one is trending down...

Nicklaus68 Updated 

You can see the general decline over the year on the 100 Day Averages, despite the bullishness of the market indices.

Nicklaus68

Busy chart, sorry. Got a little JAMC buy signal and hammer support on the previous low, but some immediate selling. Retrace? Pivot point here. If it makes a new low, likely to test 15323. If it hangs out here for a while, will go for a POC test then vwap test.

Nicklaus68

When it pulls back in the future, look for support behavior at these 2 trend lines.

Nicklaus68

This is a demonstration on how doomer bears are always too early. Everyone knows it's supposed to crash soon, so they load up on puts and the options are too imbalanced to let it fall. Instead the puts get squeezed at options expiry and the prices flies up. Once again we just saw a huge Head & Shoulders pattern bounce near the neckline and trap bears expecting a...

Nicklaus68

This is a chart of various Moving Averages for NYSE(MM), QQQ(ND), & SPY(S5). TW = 20D MA FI = 50D MA OH = 100D MA I drew trend lines for the 3 different 100D TLs that all signal a general downtrend. Next year is gonna be wild.

Nicklaus68

Borrowed this chart from Michael Kramer, but it illustrates how the big players have been selling into the Summer rally to get ahead of the trouble next year. www.investing.com

Nicklaus68

Some quick examples: So July 19th P/C ratio from QQQ spiked above 1.0 right at the bottom of the down trend. Bears shorted the bottom. They have a habit of it. Then back in April you can see P/C spiked crazy a few times and was followed by very mild down moves. The real sell off didn't come till P/C dropped. Then spikes above 1.0 signaled bottoms for the down...

Nicklaus68 Updated 

Down move is obvious. Overbought conditions, RSI maxed out about 1yr bull channel. 3 red days in a row. etc. Perhaps a B move, but if it's shallow the short is on.

Nicklaus68

SNAP beat earnings, but had lower revenue and poor Q4 forecasts. Still, the bear move seems way low volume and all selling has been shallow since then. This is a buy imo. Supp at $54 Read here about earnings: finance.yahoo.com

Nicklaus68

TSM been bullish off earnings and consolidating all year in the 107-125 range. Larger POC @ ~117.8. Ideal buy zone $112.75-114.25. $122.5 next target. OBVM trends starting to bottom here. I started a small position at 115, looking for support here.

Nicklaus68 Updated 

1hr MACD cross and BB sell signal + OBV bear signal at noon. The black dash is the 3wk bull TL supp, getting broken. Guess it's going back for test of 14930 volume shelf. Right now it's at local POC as well

Nicklaus68

The On Balance Volume indicates the Sunday pump was fake, low volume. Also lower high, MACD trending down and Yellen is gonna cause a panic today with the debt-limit crisis beginning. Expecting another red week starting down by noon Monday. If it hits 15060 and sells off at 7am that confirms for me.

Nicklaus68

Just a quick look at how DXY and GOLD have flipped correlations over the past 2 years

Nicklaus68 Updated 

Seeing big volume gaps. Looking for light downside to 14930 ish, worst case maybe 14-14.1k. Upside maybe 15.3k

Nicklaus68 Updated 

Money hit my account so hard, make me say Oh my Lord. Thank you for blessing me with a mind better than these Dweebs. Now I'm known to call top and bot. Zip up ya drip drop.. you can't touch this! i'm still living and you knowww.... you can't touch this.

Nicklaus68 Updated 

Thinking BTC $50k bottom, on leg 3, unless this is leg Y, bottom at $52k. Then we might go to $60-62k on the next impulse. It could also be a 1 count and $50k will prolly be end of the 3 leg. Got big gaps to fill from $51-54K, going way back. More gaps up higher, but not as empty.

Nicklaus68 Updated 

Just pointing out, PCQI, Put/Call ratio is the 4th highest in 2yrs at least. In past backtests I discovered bears are wrong about 80% of the time on PCQI. So A whole lot of bears got smoked if we went up 200pts and P/C went from 3.66 to 1.33.