jjmatsjr

jjmatsjr

SMH. Potential for a wave 5 continuation. Possible reversal points marked using two methods. 1st - Extended 3rd wave tells me that wave 5 may have a similar run to wave 1. 2nd- Distance travelled through waves 1-3 multiplied by .618. That's the proper way to use the fib on an impulse wave. You don't just measure out directional pulls and expect it to bounce...

jjmatsjr

BABA. Completed a 5 wave ending diagonal on a macro scale. These have around a 90% chance of breaking to the upside. On top of that, it has formed an inverse head and shoulders, with the right shoulder extending lower than the left shoulder. If we see volume pickup and a good earnings report, likelihood of this breaking to the upside is near 100% A 9ema cross...

jjmatsjr

Ran on earnings and found resistance on this downtrend line. It has already completed a corrective wave prior to earnings, a perfect ABC, with waves A and C being equal in length. I'm expecting wave 2 of an impulse wave to form as consolidation underneath this resistance before breaking into wave 3 of an upside move. If it fails to penetrate resistance, we could...

jjmatsjr

Trading higher on infrastructure sentiment. Wave theory tells me this has more upside. It appears to have also broken out of a bull flag with high volume.

jjmatsjr

If BTC breaks 70k, it could be well on its way to 79k. Expected move would be 1-3x.618.

jjmatsjr

My TSM trade plan. Entries marked by green arrows, will mostly likely have a third and final entry upon break of this trading range.

jjmatsjr

JETS. Really liking the technical setup here. Pfizer's news of their new COVID Pill and it's huge efficacy rate boosted the market as a whole. On top of that, the approval for children to get vaccinated will put a lot more families in the air this holiday season. From a technical standpoint, JETS broke above a descending trendline of a possible descending...

jjmatsjr

DRIV broke out of a range and this massive price shelf provides a nice base for the next leg up. A total of 15 billion in the infrastructure bill is dedicated towards EV and EV infrastructure.

jjmatsjr

Ending diagonal. Supported by the 3-3-3-3-3 Formation on a macro scale. Play bounce off .618 Wave A multiple into POC.

jjmatsjr

Zillow announced that it is ending it's homebuying program. From a technical perspective, it looks to be on wave 5 of a downtrend. Once it breaks KL marked we should see some continuation to the downside.

jjmatsjr

MQ announces partnership with UBER freight. Looking to play 5th wave out of the bullflag.

jjmatsjr

We might see a new run in IWM should it break this trading range. Break to the upside supported by the shortfall.

jjmatsjr

Expecting a bullish continuation in solar this week off of climate bill sentiment. SEDG is set to report earnings on Nov 2nd. ENPH had a spectacular earnings and record revenue despite supply chain headwinds, and reported that market demand for solar was unusually strong. IF SEDG was able to adapt to supply chain headwinds during Q3, we should see another strong earnings.

jjmatsjr

Also expecting financials to trend back up. The Fed is meeting this week for a press conference and interest rate decision. Commodity prices are indicating high inflation, so I expect the fed to announce a plan on tapering soon. I expect TNX to start trucking back up with financials following. This is supported by TA

jjmatsjr

I think we see continuation of this massive uptrend into the first week November. Persistent strength usually leads to more strength, and we have a bit more to go before this strength tapers off. Other evidence supporting this is wave principle, and the massive EOD buy volume spike on Friday. The close of the week and month are both important markers for...

jjmatsjr

LC. Not taking a position but 5th wave extension vector based on 1.618 times waves 1-3

jjmatsjr

Bar pattern demonstrating the most likely scenario. A pullback at the .382 multiple, pullback into earnings, then a run to the .618 post earnings.

jjmatsjr

Size out plan based on Wave principle fib multiples. Deploying hedges or trimming position at these levels.