UnknownUnicorn13101

UnknownUnicorn13101

Bloomberg Commodity index is flagging, has shown a steady uptrend since 12/21. I am looking for opportunites in specific commodity categories on pullbacks, although with the flag setting up in the uptrend, it may not happen soon.

UnknownUnicorn13101

10/4/21 low in play, below resistance and in Gartley pattern downtrend.

UnknownUnicorn13101

Still not out of the cloud, had a good rebound, but meeting resistance at 50% fib of that upward channel (shaded color area. One could make the argument that it is forming a head and shoulders falling off to the right.

UnknownUnicorn13101

Consistent bear trend. Earnings on 2/10. Ichy resistance above around 100. Has sold off about 20 points or so after last few earnings releases. Being promoted by sell side Wall Street, but a questionable merger to be voted on by shareholders on 2/25, so there is still a lot of uncertainty about this stock. Not in the green. Even if expectations beat, not a...

UnknownUnicorn13101

Should we reverse tomorrow after FOMC, we could get a 68 % retrace from the bottom (point B) to point C, which is the 78 % Fib and "in the cloud". Will not make it out of the cloud, and will fall back in a 50% retrace to point D, which is the 50% fib and around 441. So the bull trend will not be sustained and we should have a Gartley Reversal of the bull trend...

UnknownUnicorn13101

Next target near November high, 1864.9. Starting to wake up from long consolidation on monthly.

UnknownUnicorn13101

I have been waiting for a long while for SOX to fill that gap at 3592.76. Closed today at 3612 on the daily, and gap fill would put it at the bottom of Ichy cloud support, and just below 50% fib. Note the Gartey extension D at 1.38 right on the gap fill line. Should get a bounce from point D, and remember, SOX most always leads SPY....

UnknownUnicorn13101

Today we had a 50% Gartely retrace (Point D), which takes to prior swing high and also the 24 week EMA. Should bounce (has in the past), but eventually (if not very soon) I expect a retest of prior swing low, 52 week EMA, and 78% fib retrace around 429.

UnknownUnicorn13101

Keep on trucking. I am super bull. A high and tight flag on top of another high and tight flag. 0.43 PEG. Room to move.

UnknownUnicorn13101

SPY targeting mid line of upper channel. Top two red lines (480.27 and 490.19) are targets based on 5 year average performance for period 1/4 - 2.19.

UnknownUnicorn13101

VIX is due a little bounce. First week in January, or last week in December?

UnknownUnicorn13101

I have been working on this scenario for some time. There have been multiple attempts to take out a new high, and have failed. Buyers are exhausted. Point D is a Gap Fill and target for a Gartley Reversal.

UnknownUnicorn13101

Stats show an overpriced stock, but chart looks enticing.