WDERUVE

WDERUVE

Doubled my money thus far...

WDERUVE

So it looks like were going to just ride this Gann line up to 300 which touches our top end of the channel we are in.. Has to come down from there but need confirmation first.. Im out right now, and will keep an eye on that 300 level. Betting against this market has proved to be a costly venture. Its mostly a sham in my opinion. No position..

WDERUVE

We have seen SPY playing with the gann lines with impressive accuracy over the last month. Was thinking we would come down from yesterday's pump. but were still holding on. We could ride this line up a bit before filling the gap below. another bounce off 277 then up to 300 is my thought

WDERUVE

Not confident we blow through to 300 yet.. bounced nicely as expected but i think we come down a bit to ride the Gann line for a day or two before we pop to 300. Then ultimately back down in to the channel we are currently in.

WDERUVE

Going long here. Stimulus money coming should give the markets another boost.. Bounced nicely off fib line.. could be a repeateing patter from last 6% drop. Green line is what my thoughts are for next few weeks.

WDERUVE Updated 

QQQ fell to the bottom end of the trend yesterday. AS you can see between points 4-5 the growth has been weakening compared to waves 1 + 3. RSI oversold though.. My thought is we move sideways a bit after giving up some ground here, then we make another run up.

WDERUVE Updated 

Over sold and still falling a bit. Broke 280 now playing with 277 lines. Next support around 271 then 266. Having a hard time believing we go that low. Keep en eye on that green arrow mark. If we break below there it could get ugly..

WDERUVE

Last time MSFT went down like this it lost almost 7%. If we match that up to this drop we've got a target of about 174 then we bounce nicely from there. This point also lines up nicely from an earlier support line.. Buying PUT options from there i think..

WDERUVE Updated 

SPY tacking up and down off this wedge. At the bottom support level now. If we break below keep an eye on 280 support then 277 support. I dont see us breaking 277 with the way things are going right now. 293 seems to be a potential resistance level. Rising bottom Elliot Triangle Wave could be playing out here with the result being a pump to 300 ANYONE INTO...

WDERUVE

I like Gann charting.. Broke below the 2/1 line which typically tells you prices weakening . 178 should be a pretty good support line for MSFT. IF we get to that 3/1 line we should be in for a pretty aggressive move up or down..

WDERUVE

FAANG + MSFT + TESLA UP 25% SINCE START OF THIS YEAR.. MARKET DRIVERS..

WDERUVE

when you look at how well the markets are doing in this world, you have to wonder why. Its not that hard to figure out. S&P is down 10% since Jan 2020 after this rebound. But without FAANG + MSFT we are down a staggering 102%. The big boys move this market, so if you think the economy is rebounding.. think again.. How long do you think these guys keep...

WDERUVE

See chart

WDERUVE

IDK about this one.. Tech stocks continue to gain ground.. Could see 191 sooner rather than later.. Although i see this trend line from October 19 being the direction and angle we will be tracing moving forward.

WDERUVE

Still nicely in this wedge. Could either break above to 300 or we tac back down to 277 support lines before running up. I am leaning towards a down week personally, but the markets have not exactly been acting logically lately..

WDERUVE

230 next.. See related idea..

WDERUVE

SPY in a pretty clear wedge pattern right now. I think we are going down to test the 277 level again, but a run up to 300 after tapping the top trend one more time

WDERUVE Updated 

Im still not a believer of 300 until we get down to sub 280... Tell me im wrong..