marti_marti

marti_marti Updated 

After making low at 1810 S&P starting 2016 market has rallied with no major correction. After Trump election it started to move higher on TAX cuts plan hopes. Last saturday the day has come : TAX cuts plan has passed in senat SELL the NEWS on Monday has followthrough yesterday from new ATH. When indicators were waving RED all the way up: Divergences This gives...

marti_marti Updated 

On the weekly chart we can see negative divergences since end of February peak ... The wave count shows that we are already above wave 5to1 equal point moves (whatever the count will be: 2363 or 2515) ... Last stage runup fueled by Trump TAX reform and Healthcare reform talk - nothing happened legaly yet ... Will it come or it is just empty talk ? North...

marti_marti

Today high 2472/3 looks interesting for short trade. SL above ATH for now , will move it lower as soon as it will be possible. Good Luck !

marti_marti Updated 

This is the secong attemp of playing long this name, this time we have PIN bar at low and inverted H&S forming. If able close to $13,14 go long ... SL below PIN bottom bar. If not able to reach close to $13,14 go long above $14,10. TARGET is the GAP ! Good Luck !

marti_marti Updated 

My TARGET of $15,45 was reached and little overdone ... last week. Now I can see some HIGH VOL at the bottom and 3 unfilled GAPs above , this means - time to do some upside retracement. Good Luck !

marti_marti Updated 

Fill/Close the GAP ... TP ... retrace ... Fill/Close the GAP. All with possible H&S formation. Good Luck !

marti_marti Updated 

June contracts are expired ... at ATH ! What will come next ? ... Just be prepared for unexpected. Good Luck !

marti_marti Updated 

This market looks tired and not willing to give another leg higher ... EM / DM markets are all at ATH ... but have you looked at China ? ^SHC 5months : imgur.com ^SHC 1year : imgur.com ^SHC 3years : imgur.com SCARY isn't it ? Initial SELL below 2392 ... on this idea following VIX above 11 handle invst.ly Good Luck !

marti_marti Updated 

This scary looking charts ... for BULLS will not END well Q1 ending soon , will it HOLD long enough ? Good Luck !

marti_marti Updated 

Wait till GAP will be filled and go short ... Target : $15,45 followed by $17 in IPO Good Luck !

marti_marti Updated 

How on earth can anybody BUY stock which is not making any dime profit ? Even more ... it made $500M loss Over $40B value worth of stock at highs !? Good Luck to all you people out there. $17 selling price was way too high to buy ... so maybe $10 ?

marti_marti Updated 

The biggest IPO ever took place at 19th September 2014 with BABA at $25B Today we had IPO of SNAP at close $24B Shares of Snap SNAP, +46.76% opened at $24, above the company’s $17 issue price. Snap sold 200 million shares to raise $3.4 billion, making it the largest U.S. initial public offering since Alibaba Group Holding Ltd.’s BABA, offering in 2014. The...

marti_marti

I am not an EW expert ... nor big fan neither , but what we can see on the WEEKLY chart can be clearly called as end of wave 5 from 2009 march bottom. From the 2350 on up level short positions are possible with target at the first fibo support minimum Good Luck !

marti_marti Updated 

The so called "Trump rally" has clearly faded for the last 5 weeks trading sideways as distribution zone. We had nice post election rally which led us into the Inauguration DAY. Valuations are way ahead of companies future earnings which could be hard to deliver in the next months with so clear protectionism policy made by Trump which is driving it's decissions...

marti_marti

Outside Reversal candle + Shooting Star at one time ... Is this market overheated ? Sure is ! Close below 2194 will be first confirmation Good Luck !

marti_marti Updated 

The small GAP at 1,20 level is still unfilled , Bearish outlook seems to be done for now ... and even Mario today didn't managed to make it alive again. Bull flag + inverted Head and Shoulers formations looks interesting for a long side trade , you can wait for the 1,0990 break out if not feeling bullish yet. SL below 1,0772 Good Luck !

marti_marti Updated 

Big Bear Flag is in front of our eyes ... with two times False B/O Time to hit the lover band ... and close three unfilled GAP's ? SL above last high and Good Luck !

marti_marti Updated 

Negative divergences on indicators ... Head & Shoulders pattern ... Double top pattrern ... and Summer rally is behing us ? Elections is on the horizon ... good excuse for some correction autumn SL above OTH and Good Luck !