fenditendi

fenditendi Updated 

We haven't broken out of the bullish channel. Looks like the bulls and bears are fighting on which channel will prevail. Marked some potential retrace zones, but as of now, I'd sit still. Completely possible we can just keep going up in a megaphone pattern, or continue on this new downward trend.

fenditendi

Not seeing confirmation on this one yet. Waiting it out...

fenditendi Updated 

It's about time I get my TA and shit together. A few of you might remember TheHumbleWatcher, a man who called for puts throughout this entire rally. God knows where he went. Some of my friends here estimate that by now, he'd be close to bankrupt. That's the danger of being locked into a perma bull/bear mindset. I'm still learning, and I admittedly was bearish...

fenditendi Updated 

Rather the ABC correction just finished, or we're about to see APPL miss earnings. Watching closely to see if we'll be closing under that invalidation line. Best.

fenditendi Updated 

We hit the red channel at EOD for the nth time and bounced up as usual. Bulls aren't quite ready to put up a fight, and today's action will likely end as a minor correction. That said, I do see a potential wave count as an ending correction with the set-up to become much greater. I see no point in fighting the trend, so I will default to the answer: higher...

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Will go higher. Will hit ATH. Will hit 2917 support tomorrow. Not much more to say.

fenditendi Updated 

Firm channel bounce. Shown very good support here previously. However, my wave count shows that the 5th wave has likely terminated. If we do extend further up tomorrow, the 5th wave will terminate at 2923 or extend far beyond into ATH. Otherwise, we should see a clean break tomorrow into a proper correctional wave A. Invalidation levels is around 2789, a more...

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Little higher, then we get our correction. But it won't be that big. We will continue to push for ATHs, until earnings.

fenditendi Updated 

Wave count wise, we're likely entering a correction. Other indicators allow for this as well. Today ended on a solid channel break, but bounced off the fib resistance channel. We can either continue upwards or gap down further. At this point, it is likely we continue down further. I've noticed the potential resistance zones. Most likely, we'll see some gapfill....

fenditendi

Hit resistance in the channel, showing stalling at these levels. M/T/F are usually up days, while W/Th are usually down days. Beyond that, we briefly hit and instantly bounced off a strong resistance of January 18th, 2018. I expect at least an impulse wave down tomorrow, going down to the next support.

fenditendi Updated 

Unless some market manipulation magic happens, we will hit the strong resistance from January 2018 tomorrow. We have the golden cross on our backs, but this is an incredibly strong resistance point. In the least, I foresee some kind of short-term drawback if we fail to absolutely smash through the resistance tomorrow. Futures have already hit the resistance...

fenditendi

All indicators are bullish, but in case of a hypothetical H&S pattern occurring: Watch for a break in the Ichimoku cloud, and keep an eye on falling volume, money flow, accum/dist, and RSI. 2h / 4hr is best for watching for these peaks. Short any weakness, but assume bullish until a convincing down wave is present. Dovish fed, but everything else isn't...

fenditendi Updated 

Tight triangle, when we break out I'm guessing downwards.

fenditendi

This is one potential wave count. Everything says we're about to head down... but I feel like the market will reach higher. We are squished between two strong resistance zones, so either we will continue ranging or plummet. Guess we'll see. If tomorrow opens down, enter puts. If tomorrow opens up, hold cash.

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We're hitting a critical level. Can continue the descending triangle or break out upwards now. Looks like triangle already broke, but god knows. Fractals say another wave down.

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Messiest post I've ever made, but this chart should identify most resistance zones & levels with a fib channel overlay. Tomorrow should be a move down, as we closed under a fib channel and above support.

fenditendi

For all you SPY shorts - it's not quite time yet. Look to these resistances for an inflection point. In specific, the 287X Looks most likely. It will come, but not now.

fenditendi

Forget the fundamentals, forget the fact that AMD is cannibalizing its own business by letting Google use their GPUs for Stadia. Ride. The. Momentum. Potential resistance points noted, watch for pullbacks at those areas for reentry. Don't think, just buy. That's legitimately all their investors anyways at this point. Match RSI with resistance points and Darvas...