RizeSenpai

RizeSenpai

Archer-Daniels-Midland is sitting at the HOP level of a Bullish Gartley aligning with support with a Bullish Harami Visible on the Weekly Timeframe after setting record-breaking weekly volume into the test of the Support Zone. ADM will close and confirm the Weekly Harami in less than an hour and from there we would expect to see ADM make an effort to fill the...

RizeSenpai

There is a Bullish Inverted Head and Shoulders with a Piercing Line on the potential Right Shoulder visible on the weekly timeframe above the 800-week EMA who's measured move would take it all the way up to the 1.272 Fibonacci Extension if the pattern plays out. The move up in SLV should be supported by the rising of the TLT and Falling of Yields (if that trend...

RizeSenpai Updated 

Due to the apparent formation of a Bullish Cypher on the Daily, combined with the Bullish Push as confirmation on the RSI, and the strong push push in price action above the 200-day SMA, I will be raising my profit target for the EURUSD to the 100% retrace up at $1.114 as the 100% retrace would be the standard target for a Cypher and the TLT has outperformed which...

RizeSenpai

Humana has broken the BAMM trigger line of a Harmonic Crab pattern and is now breaking below the $387-$375 support zone. Harmonically, we would expect to see an accelerated move down to the 1.618 PCZ aligning with the $215 price level and it could even go as low as the HOP at $152. For the time being, I will be getting very wide Bear Call Spreads with the intent...

RizeSenpai Updated 

The TLT looks like it's trying to form a Double Bottom at the 0.382 Fibonacci Retracement, it is also Bullishly Diverging at this level, if it holds up I think it could go up to as high as $96 near the 200-period Simple Moving Average which would also fill the gap. From there I'd think it could continue back down. I will be selling weekly puts around the lower 90...

RizeSenpai

Last week I put out this TLT trade setup that showcased a Falling Wedge with Bullish Divergence at the 0.382 retrace which targeted an upside move in the TLT that would recover at least 50% of the high: In the time since this setup first formed the TLT has nearly reached that minimum target. In addition to the TLT, I expected the EURUSD to follow a similar path,...

RizeSenpai

Last week during earnings, INTC reversed at the PCZ of a Bearish 5-0 after trading just below the highly contested 50 dollar strike. Now AMD is doing something similar, except its highly contested strike is below it at $170-$175. I find it a little bit more likely that AMD goes for a move up towards the 200 level which would align it with the Bearish HOP level...

RizeSenpai

There is a Bearish Hammer at weekly Resistance on QCOM with the RSI pushing back down from its second test of the overbought level. This seems like Bearish RSI BAMM that could lead to QCOM coming back into the support range around $120. As a result I'v decided to open Bear Call Spread spreads on QCOM to offset my Bullish AMD Call Spread.

RizeSenpai

Last week during earnings, INTC reversed at the PCZ of a Bearish 5-0 after trading just below the highly contested 50 dollar strike. Now AMD is doing something similar except it's highly contested stike is below it at $175. I find it a little bit more likely that AMD goes for a move up towards the 200 level which would align it with the Bearish HOP level where...

RizeSenpai

The SPY if it can hold within this channel today and break out could target the upside of $493-$495 from now into next week leading to the FOMC.

RizeSenpai

The IWM(Russel 2000 ETF) is consolidating in what looks to be a Bull Flag and if it breaks out the target would take us to the top of the macro Ascending Channel which would take us to the resistance zone of $200-$210. If I had to guess I'd say IWM could likely make its way up to that level by the end of next week.

RizeSenpai Updated 

We have a nice looking Cup with Handle on IBM and it's currently Challenging the $140 Psychological Resistance Level, if it can get above that i think we will see IBM's stock price push towards the $175-$180 measured move. On a side not i also believe the Dow will be the strongest performing Maor US Index and reach all time highs before any other index and that...

RizeSenpai

EURUSD is trading within a Falling Wedge with MACD Bullish Divergence at the 800-period EMA. All of this aligns with the PCZ of a Bullish Deep Gartley that has developed on the 1-Hour timeframe. If this support zone holds I think EURUSD will attempt a Bullish breakout that will target the 50-61.8% retraces above which may align with short term upside I'm expecting...

RizeSenpai

There is a Bullish Shark visible on the Japanese Yen Futures contract expiring on Feb 16th 2024, there is also RSI Bullish Divergence on the 4 Hour Timeframe at this level. A higher low bounce in the JPY from here would likely result in further tightening of the Japanese carry trade, which would be bad for stock and particularly bad for REITs and Financial...

RizeSenpai

Natural Gas Futures aggressively gapped down into support during the first hour of this week's trading and looks to be ready to form some MACD Bullish Divergence leading into the rest of the week. I think there is a good chance that Natural Gas at least undoes this decline and rises back up to $2.5 this week, but overall if this ends up being a major bottom I'd...

RizeSenpai

Simon Property Group has formed a Bearish Harami on the weekly at the PCZ of a Bearish Deep Gartley and Bearish Deep Crab, the PCZs happen to align with weekly Horizontal Resistance and may now lead to SPG making its way down to a 0.886 Retrace as the REITs continue down due to rising yields.

RizeSenpai

NVDA has risen above the trading range but has started to print weaker Bearish candlestick patterns on the Daily as it approached the PCZ of a potential Bearish ABCD pattern. At this point in time it seems like NVDA will fall short of $600 then come back down to its last official support level which was at $272.42, if 272.42 doesn't hold then it could go into the...

RizeSenpai

The S&P 500 E-mini Futures appear to be double topping at around 4,835 as the end of the trading week approaches, this could result in an end of week selloff that continues into next week. The range in which it could sell off to on an intraweek basis is pretty wide. I would generally target the 800 EMA at around $4,678