chunkyhounddog

chunkyhounddog

Looking for a measured move to around $4.50-$5 depending on where flag breaks

chunkyhounddog

Need to break $19 with solid volume. If so we could test $25

chunkyhounddog

Daily over hourly chart for perspective

chunkyhounddog

Todays low is 15.07 which is the 50 dma. RSI sitting at 43, and Stoch showing a reversal.

chunkyhounddog

Waiting for entry for wave 3 of III

chunkyhounddog

Waiting for entry. Target is 5-5.5

chunkyhounddog

Full disclosure. I do not have a lot of faith in my EW analysis yet. FWIW

chunkyhounddog

Risk/Reward looks attractive here

chunkyhounddog

No forecasts. Simply showing recent short term vol and the SPX

chunkyhounddog

I think crude could still grind a bit higher, but market looks toppy

chunkyhounddog

But RSI shows clear bullish divergence here

chunkyhounddog

Looks like the 20 dma will cross the 50 next week.

chunkyhounddog

Same chart with log mode turned off

chunkyhounddog

Looking for wave 3 to hit $1.4-$1.5 in the next couple of months

chunkyhounddog

Think this will drop soon. Not sure if C of II will be a 3 or 5 wave move. Looking for > 6.5

chunkyhounddog

Yesterday's low 75% retrace of wave 1. Todays reaction was positive. Need to break through upper TL on decent volume.

chunkyhounddog

Either this bounces to 2.20+ (v of 1), or small bounce to 1.8-1.85 (b of B) and then down to 1.4-1.5 (c of B)

chunkyhounddog

Broke the bottom trend line of the B wave wedge. Looking for 1.40-1.75