bageltokki

bageltokki Updated 

Looks like wave 1 of 5 ended at 2186.8 and we have a 3-3-5 structure building now for wave 2 in the form of a flat. 2167 is .618 fib retrace as well as bottom of channel, hoping to see spx drop till there to grab a long, but will start a long position once it seems like the 5 wave down is complete. currently looks like we are on wave 3 of corrective wave C.

bageltokki

so wave 4 is more or less over for SPX (wave 4 from brexit lows) when we hit 2156. We should be building wave 1 of wave 5 now (which should be the longest wave and extended), we will see a pullback soon. Safe place to exit my 219 calls would be around SPX 2190s (~219.50 SPY i think?) will probably take my profits from that long and grab some weekly spy shorts (~...

bageltokki Updated 

Looks like a Flat and triangle combination for wave 4 (from Brexit), missed that in my earlier chart. Will BTFD when we get back to the red line and make a new low, should not drop below sub-wave 4 of wave 3 though... (2147) This last move up will be huge, at least 120 points. Wave 1 and 3 were similar in length (~120 points each), which probably means wave 5...

bageltokki Updated 

SPX currently in wave 4 from brexit lows. 2171~2172 region coincides with 50% fib of latest drop and will provide a fib extenion of 100% to 2148 region. 2148 region coincides with A-B-C down pattern from ATHs as well as a 38% Fib from wave 3 after brexit. Shorting 2171 for 2147 and going long for final wave 5 up to 2270s.

bageltokki Updated 

AAPL looks to be on wave 4 of a 5 wave up from 89s, the last uptrend for aapl stopped right at the 168% fib extension from the wave 1-2 pattern Coincides with SPX's possible wave 4 pullback? currently holding SPY 218 puts for Sept 2nd expiry. Will wait to see how AAPL reacts when it gets close to the fib (102.99), which also is in the same range as the 200 and...

bageltokki

bought JNUG at 20 on that flush post yellen, sold at 23.2 and rebought in at 22.2. now to ride the CUP AND HANDLE UP

bageltokki Updated 

oil bounced off 200 MA and gann line, last bear "rally" was 7 bars. We have a bull rally for 8 bars and break the 43.80 zone (Gann 45 degree and 50% fib of last move) and we will have confirmation of trend reversal. higher highs!! Opened UCO 13 Strike Calls for October 21.

bageltokki

EW Count on SPX 4 hour. Looks like in the process of completing an EW with a correction? May go up a bit more before going on correction wave C.