erdem_bilgin

erdem_bilgin

When we take a look at the weekly chart of the S&P with some indicators, seems like we are close to the end of a trend. RSI with the negative divergence, Stoch RSI and Macd heading down, possible head & shoulders pattern. Fibonacci (retracement) is also turning down from the 200 mark. 20 week average is broken down. Fibo 161 is almost at the same level as the 50...

erdem_bilgin

On the weekly chart we see a positive divergence on the RSI, a doouble dip formation, Macd crossess up. Also check out the monthly chart for the Stoch RSI movement. Seems like a long position.

erdem_bilgin

It has been just over one year since my last post on the S&P 500 (Oct 2022) and the index is up by around 19% since then. Not bad. (adding the link of my related post.) The weekly chart with the indicators and the pattern between the Fibonacci levels show that it's highly possible that the pattern will be completed and we'll be testing the all time high at 4818....

erdem_bilgin

One year ago, almost everybody was wanting to buy AAPL at $180/share. Now, almost nobody wants to buy it at $130/share. What an interesting world we’re living in. ~$130 seems to be a demand zone for AAPLE which has worked before. Might turn into testing a double dip in this year long bear market. There’s a slight positive divergence on the daily rsi. This might...

erdem_bilgin

Just like on the S&P weekly chart (that I've posted on Oct 13th - S&P is up by about 8% since then), the RSI indicator is showing us a positive divergence on the Nasdaq 100 weekly chart. Fibonacci levels also give us some idea about the movement of the candles. Combining these with the Stochastic, does this mean a shift in the market? Weekly charts take a longer...

erdem_bilgin

After a long and back-breaking bearish period, we're seeing a positive divergence on the RSI for the weekly chart of the S&P 500. In addition, there is a bullish hammer candlestick this week. Might these indicators work and cause a market shift upwards? We'll see...

erdem_bilgin

TSLA is driving up inside the channel. Seems to have a good setup. Financials are good. If it repeats the same pattern, by the end of the year, 30% incline is possible - as long as it stays over $900. But first, it has to break the $1243 resistance level . Fingers crossed. (Check out the weekly chart as well.)

erdem_bilgin

AAPL has fallen under the ema50. Testing ema100. Might find support here and target a possible fibonacci 161 level? First we have to see what the Fed will decide on.

erdem_bilgin

Will we be able to see the fibonacci 161 level or dive under the 127? Prediction: 161 level is possible.

erdem_bilgin

The formations and the indicators seem to work and we have seen a significant drop. I've posted that there was going to be a big drop (as in the Big Short) just a few days before the plunge. Maybe it was just luck. Though some people commented that it's not going to happen. I hope that the people who didn't agree with my lucky guess on my previous bitcoin post...

erdem_bilgin

It's the "new paradigm" and no reason for it to fall, right?

erdem_bilgin

AAPL Prediction with Harmonic Patterns, Elliot & Fibonacci Might work? Who knows...

erdem_bilgin

P&G projection

erdem_bilgin

Perhaps the run is over for a while...

erdem_bilgin

The Dow Jones is giving the signs of a drop on the weekly chart... Negative divergence for the RSI and already got too far from the weekly EMA 50. Hope will hold over the weekl EMA 50 and not dip further down.

erdem_bilgin

AAPL Fibonacci - long

erdem_bilgin

Bearish wedge, negative divergence for the RSI...

erdem_bilgin

SBUX Bearish wedge and negative divergence on the weekly chart.