candlestickninja

candlestickninja

know strong tech divergence when I see it!

candlestickninja

bull bull bull bull bull ad infinitum

candlestickninja

cci divergence bear time

candlestickninja

it's a scarry looking chart if you know even a little EWP

candlestickninja

JUST TO USE SOME ELLIOTT WAVE THEORY TO PUT THINGS IN PERSPECTIVE, YOU REALLY THINK A VERTICAL CLIMB IS MORE PROBABLE?? THIS MAY BE THE BIGGEST CORRECTION WE'VE SEEN SOON OR RECESSION

candlestickninja

be ware use this to short sp500 or buy vix with uvxy or vxx, this will be stopped at 3980-4k zone

candlestickninja

Still bearish, we need a break of psych support 3900 and ultimately 3870 for our descent to be fueled further which may very well be the job of powell. I don't just look at one instrument, the DXY basket is pricing in bullish rate rise signals and the VIX is doing a massive hook on all timeframes, from daily down to upside.

candlestickninja

Still bearish to 3450 day traders switch positions more than a pornstar trying to get his/her (PC) 15 minutes of fame...i've been in this for 2-3 weeks with an initial 1-3 month hold, 75% powder in at 8.40-8.50 with 25% bought in small increments down to my last buy a little above 7, average cost 8-8.10... now it's 2-8 weeks give or take. my right shoulder was...

candlestickninja

no notes on chart, didn't even adjust my trend lines for accuracy, all you have to do is look at one or two spots on the chart and make your own determination!

candlestickninja

which way will it go, which way will it go? :) bearish until 3492-3500 and 27k on dow intermediate term, then further towards 3k-3400 thereafter...

candlestickninja

Bullish, shit is about to whipsaw shorts to another dimension.

candlestickninja

Technical divergence, more right shoulder confirmations, 3900ish zone very strong resistance a confluence, news can come out with anything they want, the pattern is the pattern, priced in and ready to rock

candlestickninja

I believe the markets already priced in the stimulus and as far as the money being spent, assuming it doesn't just leave the country or sit in banks, takes time to trickle in after people get them, if anything the stimulus will have more of an effect in helping pull us out of an imminent correction

candlestickninja

zoomed in version so you can see the S&P500 bearish head and shoulders forming..

candlestickninja

I had to repost this idea and adjust wave 2 to the proper termination area, since I believe the expanding flat ABCDE complex correction is what it is or was, I through me off when wave 4 appeared to be entering the territory of my previous impulse which is not allowed, but 2 had to end before the correction (I think) it's been a while since I read Prechter's books on EWP

candlestickninja

Elliot Wave Principal and wave counts are really based off of the Fibonacci Sequence, you can arrive at similar conclusions with different counts as long as you follow the rules, this is my best count on the S&P500 With my ABC correction post wave 5 which I assume has ended around 3950. This is relatively a shallow correction and if it does play out over the next...

candlestickninja

make your own interpretation, i wont even list bullish or bearish just look at the chart (monthly chart very very long term

candlestickninja

BEARISH ATLEAST UNTIL 3500