nvlightning

nvlightning

I believe we have temporarily topped here with some heavy sell pressure from the past two trading days. A 50% retracement from the gap up is 118.16 and 50% retracement from the bull run that started 19 April is 108.19. MACD is almost crossing. After the retracement I expect a sideways pattern like we seen from 8 March to 22 May.

nvlightning

Head and shoulders breakout possible after big GPU sale to Meta

nvlightning

New interesting pattern on the VIX, it's rolling upward instead of a sharp incline. VIX is oversold now and may enter the Panic level zone on December 28 2022 thru June 15 2023 and the Bear market may be over starting around April 25 2024 based on the current curve but who knows it's just an observation.

nvlightning

This rising wedge intersects with the last gap left behind from the drop. Just an observation...

nvlightning

We are almost there!!!

nvlightning

SPY didn't react the same as the last rate cut???

nvlightning

ACB looks like it wants to go higher... Price is moving in the opposite direction of the Stoch/RSI and it's crossing upward now. It's also in a descending bullish channel.

nvlightning

Based on some intersecting trend lines and price retracements, I find that Rhino Traders idea may in fact materialize.

nvlightning

I thought the SPY and just about everything else was so overbought I thought this market was ready to turn down, but this last two weeks showed me that's not true. As over bought everything is the "MAN" will keep it going up no matter what the cost! Just print more money and PUMP it up!!!! We live in fairyland anyways why not....

nvlightning

SPY starting the 5th wave down but you know anything can happen right?

nvlightning

I would say the S&P 500 is a bit over bought for the 3rd time according to price and time. I can't see the current price hold at this level for much longer.

nvlightning

SPY's The RSI Divergence we can't ignore...

nvlightning

My notes on the ( SH )... SPY Inverse ETF_ prior to the fall of the SPY ETF.

nvlightning

My notes on the VIX ahead of the fall of the SPY...

nvlightning

My notes on the SPY all show a sell in the near future...I currently have an active trade on the( SH) ETF.

nvlightning

Based on my Daily chart of the SPY, this is what I see in the coming year. Right now I see a monster pennant that I believe will morph into a descending channel based on unfavorable news and unstable markets. I believe the retracement will end at the yellow line which will trigger the bull break out. Just my two cents...