Trader_Mayhem

Trader_Mayhem

I believe SMH will complete the AB=CD pattern at $225. Not financial advice, good luck to all :)

Trader_Mayhem Updated 

Disney is in a bearish trend and I believe will finish the shark pattern to $101. Not financial advice, good luck to all :)

Trader_Mayhem

I believe the 5-0 pattern will complete and Microsoft will touch $225 before deciding a next move.

Trader_Mayhem

With the Ichimoku turning red and recession fears are popping up once again, I think we head down from here to around $370 or below... Not financial advice, good luck to all :)

Trader_Mayhem

When it was around 150, I said I felt like the upside was stronger than the downside. Welp, safe to say I was wrong there. Now that it's at 120's, I'm trying to stay positive and say that there is more upside than downside. Whether it's delivery numbers or earnings, I think we will eventually have a moment that makes us realize this company has no business being...

Trader_Mayhem Updated 

Hey folks, we did say a few days ago that I thought this had a way down to go. Of course, I don't factor in news. I look at the chart exclusively. There's no way for me to predict upcoming CPI reports or Fed hawkish-ness, so I don't even try to. But after the most recent meeting, I think the Double Top is in. Price target is $382 for me. Not financial...

Trader_Mayhem

Hey guys, Tesla has been beat up recently, and I think we're approaching a level where the upside is much higher than the downside here. The divergence on RSI also makes me feel a little more bullish going forward. Not financial advice, good luck to all :)

Trader_Mayhem

I think we complete the shark pattern to the downside after this latest rally that may have gotten ahead of itself.

Trader_Mayhem

I think this rally has some legs to it. First time I see green on the EWO-LB in a while :)

Trader_Mayhem Updated 

Double bottom forming, and I do believe this stock has been beat up enough after that acquisition of Figma. I think we bounce back to $320 here. Not financial advice, good luck to all :)

Trader_Mayhem

I've always believed that SPY will bottom in the 330's, which could be a MASSIVE opportunity for long term shares. Remember, as evil as this bear market has been, bear markets ALWAYS end. We are getting pretty close.. Not financial advice, good luck to all :)

Trader_Mayhem

I don’t believe Bitcoin will get off easy from the massive selloff in stocks recently. I simply think it’s lagging behind in the drop. I think the Deep Crab harmonic continues to form. Not financial advice, good luck to all :)

Trader_Mayhem

Disney looks to extend it's downtrend and hit the range of $96-$92, and in my opinion will complete the bearish bat pattern. Not financial advice, good luck to all :)

Trader_Mayhem

I believe Apple still has a way to go before turning bullish again. With sufficient bearish volume in the market, I would wait to approach levels of $140-$137 before going long again. Not financial advice, good luck to all

Trader_Mayhem

I think approaching near June lows is right around the corner. In fact, it's almost expected at this point when you combine the disappointing CPI and the Fed risking being "too aggressive". If 390 does not hold, we will touch the 370's area. Not financial advice, good luck to all :)

Trader_Mayhem Updated 

BIG support between $155-$153. I probably wouldn't do weekly calls, but these levels are great if you are thinking long term. Also bouncing off the RSI trend dating all the way back to March.

Trader_Mayhem

I believe we will retrace to the trend line and the busy resistance area around $405-407. What comes after? That will depend on if we can get a clean break through the trendline, and if we can turn the resistance into support. If not, we could be heading back down to the $390's. Only time will tell. Not financial advice. Good luck to all :)

Trader_Mayhem

Tomorrow's August Jobs report I believe will lead to one of these scenarios taking place. We are in a weird time where good news is bad news. A red hot jobs report could mean more hawkishness from the fed, which could lead to scenario 1 (double top continuation) onto the trendline of roughly $258. A soft jobs report could rally the market (scenario 2), and we...