benjihyam

benjihyam

AMEX:SPY looks like it's formed a low for the short term when it failed the H&S pattern. From here, I think it's likely that we fall back into the $580-588 to scare everyone into thinking there's more downside, but if that region holds, it'll set up a trigger long all the way up to the $614-$630 region. I think the move higher should play out by mid-February...

benjihyam

NASDAQ:MSTR looks pretty bearish here. We're trading under a key support and it looks like it wants lower. I think if the next candle turns red, then we're likely to see a large selloff all the way down to the lower supports. If we can make it back up above this support level at $363, and close above it, it would be a trigger long. Then I think we're likely to...

benjihyam

This chart looks extremely bearish to me. I think everyone has become complacent to dips and that makes me worried for the downside in this one. If we lose the $336 area, there's very little support below it. I think below that area would setup a test of the 200DMA at $244, but I'm actually worried we fall all the way back to the trend line before the next...

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AMEX:SPY is putting in a short term top here. All of the signs are there if you know what to look at. For example, NASDAQ:TLT up 2% today. AMEX:SPY sold off throughout the day. Crypto selling off. Volatility starting to react at the bottom of the range. Dollar continuing to rise. The chart also is failing at resistance. I could see one more attempt at a...

benjihyam Updated 

I originally thought that we'd see a move higher off the bounce from $69, however the chart has now morphed and looks more bearish than it did over the summer. If we break the trend line to the downside, then I think it's likely that we can see a crash to the $40 region before the bull market in oil really starts. Let's see how it plays out over the coming months.

benjihyam Updated 

It was a fun run for NVDA but it looks to be coming to an end. We've reached max stupid in the stock market and the correction is about to be painful. Not sure what's going to cause this type of a move, maybe SMCI news ends up being a bigger deal in earnings than what was initially let on, maybe people finally realize the hype cycle in AI is way ahead of where...

benjihyam

NASDAQ:MSFT is one of the worst looking tech charts out there. There's a large H&S top that has formed and if it breaks below that blue trend line it's going to get ugly quickly. I think it's possible we see a 20%+ decline over the coming months back to that $312-316 level. 1D, 2D, and 1W Heikin Ashi candles are all bearish. It would take a miracle for this...

benjihyam

NASDAQ:COST looks exhausted here. If you look on the weekly we got a big spike up that then closed under resistance which is usually a pretty good bearish signal. I think NASDAQ:COST will start it's way down to the ~$400 support levels over the next year (by the end of 2025). However, I think in the short term it's likely that we'll bounce at $761 or $667...

benjihyam

BTC has had an impressive run. I got long right before the last leg higher pre election. BTC overshot my target by $6k, but the idea still remains that the FWB:83K -86k is the important resistance and I think we break back below $86k and then start a correction lower. Everyone is extremely bullish here. Coinbase is the #1 app in the app store again and while I...

benjihyam

I've been watching the CBOE:UVXY for months now trying to anticipate the next large move. Throughout September and October I was anticipating a larger move to play out, but we ended up just trading in a range. Luckily got a few profitable moves in the chop and got out at the high right before the election. Then I thought there would be a larger drop. I entered...

benjihyam

If we look at the NASDAQ:META chart, we can see that price has rejected from the top resistance multiple times and has now formed a lower high. If price can't manage to break above that level, then the most likely scenario is that we see a breakdown from here down to that first support level and trend line at the $478-484 level. Let's see how it plays out over...

benjihyam

Orca has been consolidating inside of a bull flag and looks like it's set to break higher here. Should we see a move above $3.80, we should see the next leg continue up to $5.66 - $6.15. Invalidation below $3.10.

benjihyam

The NASDAQ:AAPL chart looks weak. Since October, you can see price formed a lower high and now has been consolidating in a bear flag. Should the flag break down, I think we'll see a sharp move down to $200 or one of the supports below it. Why such a large move? The chart has an imbalance on it from how quickly price rose in the first half of the year. I think...

benjihyam

AMC has broken out of it's bottoming formation, has reclaimed the 200DMA and now price is retesting the support level. Assuming price can continue to hold support here, I think we could see a run to the $6 resistance levels.

benjihyam

I think we could see a short term rally in $TLT. On low timeframes today, it looks like we've formed a double bottom and that price is bouncing off of the lower trend line. I think we could see a rally up into the $100-102 region from here. My base case is for price to reject that region and then form one more leg lower before a sustainable bounce in...

benjihyam

SEED_DONKEYDAN_MARKET_CAP:MASK is one of the better looking charts right now. It's just breaking out above the trend line on lower timeframes which indicates to me a large move is about to get started. I've marked off resistance levels on the way up but think we can get back to previous ATHs at $22. Let's see how it plays out over the next 2 months.

benjihyam

BTC has been on a tear the past couple of weeks and the miners are set to follow. The two most bullish miners are HUT and RIOT for this next move. I think the most probable scenario from here is to break above the trendline into one of the first two resistances. Then we consolidate before a final move up into the $64 resistance. Let's see how it plays out over...

benjihyam

NASDAQ:RIOT has been consolidating in a bottoming wedge and looks set to break out. I think we see a very sharp move to the $18 resistance as RIOT has serious catching up to do. I think RIOT and HUT will be the most bullish two miners for this next move up. After hitting $18, we should see some consolidation before the next big move higher. Not sure if we...