Trader_Mayhem

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...

Trader_Mayhem

Hey team, Here is a longer term trend of spy rather than the one I did a few days ago with the 1 hour chart which I indicated was very short term based. This is the trend from the beginning of 2022. This most recent red candle was no joke. With the hawkishness of the Fed today, we can expect a further downside. I would look to add around when we start...

Trader_Mayhem

Market pullback was expected in my opinion, given the fast rise since the rally started. Apple will surpass $172 soon again in my opinion. I like buying it in the $166-$168 range. Not financial advice, good luck to all :)

Trader_Mayhem

After a steep drop over the past few days, I think Bitcoin can jump back to the 22.5k range within the next week with some positive volume inflow.

Trader_Mayhem Updated 

Hey team, This is the trend channel on the 1 hour chart for SPY. Since we started the bullish run around July 14th, it looks like we're on track to bounce back to the upside, at least for the short term. The channel support is at $426. We could bounce and see $432 shortly. Not financial advice... good luck to all :)

Trader_Mayhem Updated 

Hey peeps! Tesla had a great day rallying up to $900..... BUT the rally was market wide. So was this bullish move Tesla specific or just a market boost? Keep an eye out for $887 after the first 15 minute of open on Monday 8/15/22. If below $887 after 15 mins of open, I think it goes lower to possibly the $850's. If above $887 after the first 15 mins of open,...

Trader_Mayhem Updated 

The market turmoil today alongside the twitter drama caused the stock to drop nearly 7%. The health of the stock will depend on the overall market & the CPI report that's coming out soon, but I believe a run to $800 before earnings is imminent after the symmetrical triangle that was broken upward yesterday. Not financial advice, good luck to all :)

Trader_Mayhem

Nice run here from spy that I expect to continue to the $393-$396 range, but ultimately we're not out of the woods just yet. The trend still bearish, and I think this is your typical bear market rally. Not financial advice, good luck to all :)

Trader_Mayhem

Long term bullish on tesla. In the meantime, there is a gap that it can potentially fill, while bouncing off the trendline just below that. Stop loss at $740. Not financial advice, good luck to all :)

Trader_Mayhem

I can see a repeat of the March rally we got, happening here again. The RSI and Stochastic are hot, so I would look to enter at 407-408 range. I look for a trend line break along with a bullish (blue) pattern on the QQE, which we have here for the first time since March. Stop loss at 403. Not financial advice. Good luck to all :)

Trader_Mayhem

Disney approaching oversold right as it nears its support. Combine this with the bullish shark pattern, I think this is poised to recover nicely.

Trader_Mayhem

This stock has shown to be very volatile, but this support line has held throughout the past several months. It's critical for this $100 support to hold, which I believe it will, leading to a reversal. Stop loss at $98. Not financial advice. Good luck to all :)

Trader_Mayhem

I believe this finds support at $193 before a quick bounce to the upside. Stop loss at $190. Not financial advice. Good luck to all :)

Trader_Mayhem

Walmart is hitting against against a main key level again around $151-$152. A bearish shark is also developing on the 1 day chart. Not financial advise. Good luck to all :) NYSE:WMT