AMEX:SPY - Weekly, MACD is about to cross down to possibly the next support at 460.
NYSE:ES - Daily Potential Head and Shoulders formation with possible price target at 4100. However, there is strong support at 4350 and then there is that downward gap at 4300 so we may see a nice bounce after that. MACD is heading down and looks like September is following previous years in being a red month (so far). We have CPI and PPI next week.
NYSE:ES - Weekly (Monday September 4, 2023) Coming back from a long weekend, we will likely see a surge tomorrow morning as we kick off the new month of September. Many traders are expecting a red month since "history says September is the worst-performing month of the year by most metrics," however others like Goldman Sachs remains optimistic and even lowered...
8/27/2023: Daily MACD is about to cross up. However potential Head and Shoulders formation could be forming with a price target of 4110, which is also where a strong set of candles have previously consolidated this Spring so we'll likely see a good bounce after (and if) NYSE:ES drops that low. More current is the open downward gap to be filled at 4300.
8/22/23: On August 14, we predicted that NASDAQ:TSLA would drop to 217 before we see a bounce to at least 235. That has manifested and now think NASDAQ:TSLA will pull back to 220 before surging ahead to try to close that upward gap at 290.
8/22/23: AMEX:FNGU daily shows a recent head and shoulders formation with a price target at around 135ish. Zooming out, we see that a potential cup and handle may be forming with PT at 400 in 2024 if the handle manages to break out.
8/22/23: Weekly MACD shows that AMEX:SPY may be dropping more in the weeks to come. In the daily chart, potential head and shoulders may be forming which could bring AMEX:SPY as low as 404. Our AMEX:SPY consolidation band is in yellow, which shows that there is strong support from 404 to 417 range.
AMEX:SPY weekly MACD is about to curve down, think it will drop to 431 and it bears are strong perhaps even 422 to fill that downward gap before more upward movement.
NYSE:QS has great potential since their main focus is sustainable batteries for EV. We see four very bearish candles with a huge gap, after NYSE:QS announce that they will be creating more shares. Despite daily MACD looking bearish, I think NYSE:QS will be turning around soon. Pivotal line is the blue line (currently around 7.28) think we will see it drop...
Daily MACD is about to cross down and we may see a healthy pullback to 4450 and if bears really take it (both sides gotta win right?) then we'll see that downward gap close at 4300.
NYSE:ES - Daily (Monday July 17, 2023) Candles peaking right above our channel line, if this is a solid breakout then next big resistance is 4630. I still feel that a pullback is coming and I would love to see it fill the downward gap. But we are not in a bear market and if you are shorting, be quick and cautious. Note that daily MACD just crossed up. Other...
NYSE:ES is at the upper bonds of our current channel (in orange). Daily chart shows bearish divergance and downward gap at 4300. MACD just crossed down in the 4 hour chart.
Cup and handle formation in CRYPTOCAP:BTC monthly charts, estimated price target is $100k in 2025.
AMEX:SPY - Monthly (Sunday July 02, 2023) Will July keep up with June's bullish momentum? We shall see but do note that monthly MACD just crossed up and AMEX:SPY is trending along same upward channel line since at least 1994.
We spotted the Cup and Handle formation a while back and despite the recent dip, looks like it's still valid.
This is my all time favorite ETF, AMEX:FNGU with is 3x of some of the ten strongest companies in the U.S. We are in a beautiful upward trend and even though a pull back may be coming (we see 8 consecutive green weeks), I still think AMEX:FNGU is an excellent deal. R at 235 and S at 165.
If you are looking to enter and play with the crypto world NASDAQ:RIOT is a great option since it's has institutional holders without the steep price tag of $BTC. It moves with CRYPTOCAP:BTC so when CRYPTOCAP:BTC is up, NASDAQ:RIOT is up and vice versa. It's been slowly building support but I see a steady upward channel. R at 13 and S at 8.75. I think...
NASDAQ:COST has a great business model, offering excellent prices for its members and paying their employees very well (good business karma)! This is especially appealing in a recession. We see that NASDAQ:COST broke out of its triangle at the end of May. R at 540 and S at 500.