US500 is finding hard to break 50ema on weekly Looks like it topped and will consolidate before anything. Looking to short to 400+ level Possible H&S on 5/15min Bearish divergence on 15/1h
Looks like VIX will raise today and will start falling next week. H&S on 1h is painting. I think early January is where going long in VIX may be the best option. I would wait for bullish diversion on a daily for sign, but anything around 21 would be good entry. I think , Market will tank early next year, so lets bulls have party for the end of 2022!
I am taking a position in RIOT, it clearly broke out from the downtrend channel and is positioned for growth. Looks like heathy bull flag with C&H forming. BTC looks like it will finally push higher, at least in short term. Market is general is bouncing as well. My first target is 8.47 Good luck!
So it looks clear to me now. We are trading in a nice pennant. beautiful setup for short term swings. My H&S kind of worked, 375 is a major support, but looking my new setup it may go to 373. Hope you enjoy my setup Good luck!
I took a swing on Friday with semiconductors and went all in mid day today. Took all profits EOD as I reached my target at +-380 and since we are overbought on 5-15min , went with small positing shorting semis. My last chart was painting H&S, which I was not completely sure about. Its still valid and may play out, however SPY is bullish and may shoot much...
SPY bounced as planned and it may be creating large H&S It was my original plan, but since it dropped lower then expected , it invalidated that idea yesterday. I am back with it now, there is a small skew to H&S, but it should work regardless. 380-382 is my top and I will start shorting SPY around this level. Good luck!
SPY in in short term bull channel. It has formed bull flag, but it has also shown clear bear divergence on 1-4h It really comes down to .25% if we continue rally or not. Also announce of slowing the hike will have an effect. Be aware of falls spikes in either direction around 2pm. Cash is your friend Good luck
then it will shoot to 400-407 For now its consolidating in the small pennant and its looking heathy for the next move. Ideal entry is once the 390 is breached and re-tested (it may not care about testing 390) I DONT SEE IT AS REVERSAL YET. Good luck!
I guess its up to Apple , but chart tells me down. Although I never play earning, Ill follow purely technical approach and I am taking short position. I don't recommend this however, do it at your own risk ;)
I am all cash now I really don't like grinding on high RSI I expect SPY to pullback in the very near future. It will be quick to370-373 level, then possible continuation to 390
SPY is within the flag formation. I anticipate move up from here. Possibly EOD or Monday morning. Good luck
SPY , if still healthy uptrend, will take a brake and consolidate. I am looking for re entry at 370 or 367 Breaking below may be a red flag. Good luck!
Zoomed out to get out of this micro trading I've been doing. Got wrecked on Friday, the drop was intentionally too low and it got me spooked. Well not every day is a winner..... Back to it. 358 is the support, made out of 200ema and it seams to be respected for now, drop bellow will create panic sale. Its coming, but not this week probably. Made two...
I am going to entry short on a re test of the last support, which should become resistance now. Its at 200EMA around 357 In case we dont make it there, 353 should be another good place to start short position. All in all, wait for some bounce, we are oversold for the moment.
It seats on WEEKLY 200EMA, in bearish pennant, but it can go both ways. Divergence on 15-1h tells me up, but the formation of this pennant tells me down. We should find out by tomorrow morning. For now I seat on cash. Good luck!
After touching 357 (double bottom) yesterday and testing it again in premarket, SPY should bounce. Like I mentioned yesterday, I don't expect large bounce, my target is 364-367. I don't think I am going to play it, Ill wait for another short entry instead. If we brake support at 357, I expect SPY falling very sharply and quickly. Bulls need to brake 360 first,...
I believe SPY will bounce slightly after hitting double bottom @ 357, but I am not going to play it. Max level is 364, but it will be choppy stressful grinding to up RSI, if it happens. Its too bearish and I''ll wait. If that happens, I am going all in for short We will fall straight to 314/310, CAPITULATION, fallowing big bounce. I am short at the moment and...
I think market makers plan was to push it to 380, but yesterdays AMD bad news pushed tech sector down, thus braking the SPY prematurely. This morning jobs report didn't make things better, so there we are. Are they going to try reclaim the 374? We'll soon find out. Personally I will add to my short position on every litlle bounce. I still believe SPY will hit ...