cbenedetto10

cbenedetto10

AAPL looks like it's ready to go for a gap fill of this mornings gap. I think it's gonna go back down after hitting 140.50-140.80 range. This should form the right shoulder of a H&S pattern.

cbenedetto10 Updated 

A rough head and shoulders pattern forming inside of a potential double top. Some other indicators are pointed out in the chart to raise probability.

cbenedetto10

It seems like VIX may run up either tomorrow or sometime over the course of next week. VIX is trading in a falling wedge inside of a rising channel Theres a few other indicators I've highlighted in the chart to possibly back it up. Possible upside run to 35.00 The other possibility is that we're nearing the end of the rising channels lifespan and we see some...

cbenedetto10

All the other top weighted spy stocks ended in overbought or near overbought RSI levels after the steep bull rally today. Msft looks like its set up a double top and is ready to go down hard tomorrow morning.

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Big diamond top forming- Either 1. We continue this bullish momentum until we hit top right of diamond (around 533-540 range) beginning of November 1a. From here we go down (495-500ish), bounce and go back up and break out of the diamond 1b. We go down (495-500) consolidate at the end of the diamond and fall at earnings 2. We go down to the bottom of...

cbenedetto10

Possibility 1 : We bounce from where we are directly to 238-239. Possibility 1.5 : We fall down to 233.90 after reaching 238-239. Possibility 2 : We bounce hit 231.78ish fall back down to 224.82ish before going up to 238-239. Possibility 2.5 : We fall down to 233.90 after reaching 238-239 levels.

cbenedetto10

More in depth analysis is in the chart Basic description for character length: Trading in rising wedge (bearish) Breakdown from top of wedge would likely form double top (more bearish) will make a new post if NFLX follows suit. (also could be completely wrong and we're currently forming a cup and handle) <<Make sure to do your own D.D, people on the internet...

cbenedetto10

Analysis is in the chart Head and shoulders forming, either we reject at current resistance of 234 or we push up to 239. I think it's possible we reject 239 and fall to complete the H&S pattern. Take it for what it's worth (fair amount of speculation).

cbenedetto10

Looks like SPY's setting up for a breakout of a pennant and a sloppy cup and handle on the 1D chart. I think it's possible that we hit 401 by EOW next week, or beginning of the week after that assuming the bullish momentum/ support we're sliding along holds.

cbenedetto10

This isn't directly an analysis of spy as much as it is an analysis of the sympathetic movement SPY could see if AAPL forms an inverse H&S.

cbenedetto10

analysis is in the charts, but quick rundown. 1.We attempted inverse H&S from may to June (got rejected) 2. We fell to our most recent low and formed an inverse H&S along the support of the descending wedge, which broke out to push us to the resistance of the wedge. 3. We're probably going to top out around 144.50-145.10, descend and make the right shoulder...

cbenedetto10 Updated 

I think we're going to fall back to 128.63ish Monday before we break out of the steep descending wedge pattern we've been in since around June 8th (pink lines). We're gonna hit the 137-137.70 area then we'll reject and bounce in an ascending broadening wedge, top out at 145 around June 30th before we descend back down to 125.

cbenedetto10

I have a similar trade idea happening for SPY so this is more for my own confirmation than anything.

cbenedetto10

Analysis is in the charts Quick analysis: 1. Currently trading in a small descending channel 2. Small descending channel is currently at the bottom of a big descending wedge that we've formed in the last week 3. Big descending wedge is also a concurrent falling channel (in chart i show my predictions of the gradual breakouts of each of these patterns.

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Multiple ascending wedges and one rising channel formed after market volatility today pre and post Powell. Possibilities: 1. We sell off tomorrow and gap down in the morning. (my expectation) 2. We ride the pattern and break down/out on Friday morning. 3. We ride the pattern and make it to the end of the week within the wedges/channel and sell off on Monday. 4....

cbenedetto10

Analysis is in the charts Analysis: currently trading in a rising wedge (breakdown soon) Break down into a rising channel before we hit previous peak Hitting previous peak levels means rsi also peaks We form a double top and descend.

cbenedetto10 Updated 

Hey, it might play out it might not I'm just making some predictions. Spy is currently up 5$ pre-market so I'm more certain we're pushing to finish the shoulder and complete the pattern. But hey it might still get rejected on open so....

cbenedetto10 Updated 

The analysis is in the chart but I believe we either bounce at open to fill the gap, or we open gapped down to the 472-473 levels.