Steve666

Steve666 Updated 

For those who think the market in general and technology in particular are over valued, one sale candidate may be IBM. Technically we have reached the first and second objectives of a Harmonic Cypher pattern began in early April. Secondly a Bearish Wolfe Wave pattern appears to have formed. RSI is overbought but there is no divergence yet, If we close...

Steve666

Technically Spotify is exhibiting weakness. There is a clear Bearish Wolfe Wave pattern as well as an evolving Bearish Harmonic Cypher one. Additionally RSI is exhibiting bearish divergence. Certainly worth watching as WH Fake News tariff negotiations fail to materialize and consumers face increased costs and reduced incomes. SPOT is definitely economically...

Steve666 Updated 

On a technical basis one victim of a continued market tariff downturn maybe CrowdStrike (CRWD) providing a selling/short opportunity. Particularly if DJT's tariffs start applying to services. IMHO two bearish technical formations support this: 1. A Bearish Harmonic Shark formation 2. A Bearish Wolfe Wave Additionally there is emerging RSI bearish...

Steve666 Updated 

MARA Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the Bitcoin ecosystem. They have a current P/E of 8.18 and a slightly positive seasonal rating. Generally there is a fairly good correlation with BTC. Technically I see several patterns at present: 1. A Bullish Wolfe Wave 2. A Complete ABCD...

Steve666 Updated 

APPLE (APPL) has retraced about 50% of its range from April 2024 Currently I see a bullish Wolfe Wave emerging on a 4H timeframe. Additionally points 2-3-4-5 have formed a nearly perfect ABCD pattern We do need a broad market reversal and more business clarity from the Waffle House to engage. I have indicated my targets. A safer way to play this is to...

Steve666

Big earnings miss and softer forward looking statements from CrowdStrike today. Sold off to the six month $343 support area and bounced with the general market. A continuation of this tech rally should help CRWD. A Wolfe Wave Pattern and a Bullish Harmonic Butterfly are present in the 1H timeframe. I'd try to buy a retest of the 1-3 line breakout at $360...

Steve666 Updated 

I'd be looking to sell a rally in the coming week on any SPX strength (Probably the best proxy is the SPY Index) This is based on Wolfe Wave analysis. You may get an oversold pop on NVDA's earnings (Wed.) My target sell area is around 6060. My cover is about 250 points lower. If it happens then it happens. Not financial advice.. do you own due diligence, S.

Steve666 Updated 

Meta is the last of the Mag 7 to continue the trend of recent new highs. The other 6 have shown weakness in recent weeks. A nice Wolfe Wave is forming and should cap the price near the $735 area. I would expect a decent reversal by 2/19 if not before. My initial target is $685 by mid-March and $640 by the end of April. Not Investment advice . Do your own...

Steve666 Updated 

I am expecting Nasdaq Futures to drop 900 points by the close of markets on February 4th. I see support at the 20,690 area. Technically this is from the current Wolfe Wave and a pending Harmonic Shark Pattern. As for reasons: 1. The current ill advised trade dispute and its economic implications. 2. Confusion over the role of DeepSeek and it future role 3....

Steve666

Possibly as we have two potential bullish patterns in play 1. A Bullish Butterfly pattern with targets of $78 and $86. 2. A Bullish Wolfe Wave with an $80 and $86 target So how do we play this ?? I think we will have a chance for WTI to fall to a lower price, as the US election and economic uncertainty may push WTI's price lower. On the other side middle...

Steve666

CrowdStrike (CRWD) Based on an overall softer overall broad market and/or increased threat of lawsuits could make shorting CRWD a winner. This is short term play. (30m) based on a short term Wolfe Wave setup. Ideally the area to sell/short would be a failure around $259 area. and momentum rolls over. This is not investment advice. Do your own due...

Steve666

Middle East tensions aside …WTI is in the process of forming a bearish Wolfe Wave top as well as heading into a resistance area in effect for the past month. This is one of the components of TV’s August Leap challenge. I would be looking to establish a short/cover a long on any hesitation here. Please bear in mind we have a lot of market moving news this...

Steve666

Nice run.. near term futures topped out at $2506 ... Short term a harmonic shark term has developed. Please note this is a 1H view Momentum appears to have rolled over... I would expected if we break support at the $2430-33 area this will confirm my analysis and we head down to the $2380-2410 area. Watch DXY, Interest rates and Mid-Eastern tensions for...

Steve666 Updated 

On July 5th, MSFT completed a Wolfe Wave pattern and fell ~8% within a week to reach our Target 1, an obvious support area. One should expect a bounce and a 50% retracement to around the $450 area. This may, subject to broader market conditions, setup another selling opportunity to reach our targets. Not investment advice... do your own due diligence Note...

Steve666 Updated 

Two negative patterns (Crab and Wolfe Wave) evolving into a Bearish Cyber Harmonic Pattern especially in perhaps a upcoming soft equities market correction, as the Trump bid fads and profits are quickly taken. I would look to sell upward price retracements probably around the 300+ area. DYODD S.

Steve666 Updated 

A crap shoot given managements ability to play with earnings. This could go either way .... or not. I won't even try to handicap. Lets watch on the sidelines and perhaps go with the flow ! This is a 30 minute chart !! S

Steve666 Updated 

In the past month Gold has appreciated roughly 6%. As I see it, Gold (XAUUSD) has also traced out a bearish Butterfly Harmonic Pattern (1) as well as a Bearish Wolfe Wave one (2). These combine to suggest a Bullish Harmonic Shark Pattern (3) is in progress with a calculated D target in the $2308 area. (A 4%+ drop) We also need momentum to roll over. Look for...

Steve666 Updated 

JPM has has had a great run, tacking on 17% since the April low. They report Friday of this week. Last Quarter they surprised to the upside. Using a 4H Wolfe Wave analysis we appear to have peaked and could pause or head lower. The fly in this ointment is that the 15 minute chart has a bullish Wolfe Wave. So I am waiting in the weeds until the recent gap is...