SPYvsGME

SPYvsGME Updated 

Futures open shortly and I reloaded some mental knowledge this weekend. I'm working on 2 cases for S&P this week. BULL CASE The bull case has S&P running up to Jackson Hole by reaching new all time highs (again). There could be bulls trapped from last week. If bulls can get off to a good start tonight and China doesn't have any more surprises in tech, we...

SPYvsGME

Today I'm studying Wyckoff while watching The Wachowskis. Switch: "Not Like This, Not like This" I'm afraid so. Everyones favorite short squeeze has Wyckoff all over it and we're at the phase where a Sign of Weakness may be revealed. I think a reinvented GME is going to surprise everyone in the future, but in the short term things are looking bearish.

SPYvsGME

Most of fintwit is talking about how boring the AI day was for TSLA until they revealed they are working on a robot. Its certainly not a car! This feels like some ploy to have TLSA be valued as a tech company. The autonomous driving AI and now a robot AI must have Cathy Woods hoping this is the next accumulation phase.

SPYvsGME

Before Dr. Burry left twitter (for the nth time) he was stomping on Teslas book. Months later it was revealed that he took out a large short position during this Wyckoff Distribution (peak) phase. 🤔.

SPYvsGME

Full Credit to this article on Wykoff Distribution and video. The reason this pattern caught my eye on a custom 3d timescale are the first 3 events of Phase A lining up perfectly in a cyclical pattern. I'll update the pattern as it continues prove / disprove. Phase and Definitions in italics are taken directly from the article . PHASE A...

SPYvsGME

Wow! Markets are coming to a head fast! S&P futures have been low volume and ripe with volatility growth. Jackson Hole approaches and hedging / volatility futures have priced in movement to the downside. Bears are waking up from a long 1.5Y nap after feasting in March of 2020. China Tech sector continues to get pounded. Why is China Tech sector so...

SPYvsGME

As the markets pullback this week, keep in mind we're still in what I call the J&P 500 Channel. The chart is the daily SPX adjusted for Inflation. The bottom channel is a 10 year regression trend channel that has contained the SPX until the march 2020 crash. The upward trending channel is what I call the Jerome & Powell 500 Channel which is a modified schiff...

SPYvsGME

507 days since ES mini crossed over the death cross. My idea is that the fed QE and stimulus bill passed March 27 elevated the market out of its previous channel formed in the 2008 financial crisis into a much steeper "By The Dip Channel". The market will need to eventually cross over the 50/200 day death cross. Last encountered March 27 (507d) Big MOC ES...

SPYvsGME

S&P looks to be repeating the same overbought consolidation that leads to a breakout into the upper band of the BTFD (Buy the Fkn Dip) Channel. This seems to occur when everyone is expecting a market correction / BTFD opportunity. Most note worthy was in Aug-Sept 2020 that followed the exact same pattern followed by a 10% correction.

SPYvsGME

The NI225 has formed a descending wedge pattern that may cross over the 200/50 Day MA to form a Death Cross. Last NI225 200/50 Day MA Death Cross was the result of Covid Shutdowns in March of 2020.

SPYvsGME

A triple top reversal has formed around a key orderflow level of 4370. ES_F has been pinned to a key support level of 4370 for 10days and MACD is trending lower. A Breakout below 4370 will complete the pattern. S&P 500 has a steep hill to climb over the next 2 months. Chip Shortage China Tech Stocks Poor $AMNZ earnings Moratorium Ending 10Y Yield...

SPYvsGME

Consolidation on the 15 min is indicating a much larger ascending triangle breakout or wedge has formed since the short squeeze earlier this week that may indicate a breakout / breakdown. This could indicate a breakout back to 46400 or a breakdown back down to 34000. I would expect some type of catalyst, possible Robinhoods IPO $HOOD might be a trigger.

SPYvsGME Updated 

BTC consolidated nicely into a wedge since the last short squeeze. Another breakout to 40k by end of the day might be possible.

SPYvsGME

I've enjoyed watching the GME saga play out over the past 6 months. TSLA and the wood gang must regret when elon tweeted Gamestonk that iconic evening. Before that tweet I didn't know anything about the stock market. You could say it was a wakening for many people. TSLA has been racing towards this death cross ever since that night. Most recently rallying...

SPYvsGME Updated 

I don't believe GME is a coincidence, not with each arc of the story being revealed in such perfect symmetry. See my last idea of an inner and outer symmetrical triangle breakouts . Player 1: The Shorts . Hedge Funds, Mainstream Media and Wall Street Banks. Player 2: The Longs . Michael Burry, Roaring Kitty, Ryan Cohen, Gamified Retail Traders and Apes in...

SPYvsGME Updated 

The media and CORP bond market are apparently not effected by the news of the Fed planning to start selling their CORP bonds since purchases began in Mar 20. www.reuters.com The correlation between the FED corp bond buying and mega cap stretched valuations. The entire market is overbought if you look at the S&P 500 P/E , Forward P/E maps. Covid is not...

SPYvsGME

The problem with the worlds economies reopening now is the stock markets already priced in the reopening over the past year with lower inflation numbers and massive QE. How do the markets avoid hitting this inflation wall? Fed says it's "transitory", is there enough QE left to jump this wall? How does one chart "transition" with indicators? Ever chart I pull...

SPYvsGME Updated 

A text book ascending triangle pattern has formed for SPY with a 4.3% Bullish breakout potential. Buyers have not been able to break through 422. Looking for price action to break through 422 with increased volume to take position.