ozwald

ozwald

Haha. More seriously, a reclaim of the green trendline would be an amazing long signal (i.e., a failed break to the downside). I count 4 waves to the downside, I believe the down move is overdone but I don't want to long without any level to put my stop at.

ozwald

As in an "undercut and rally"... mixed with an "episodic pivot"? The setup is not clean but the volume is noteworthy. That would be an ideal time to get in if the market did find a bottom

ozwald

I feel like I have already seen that one before... We could get a big reversal here. Intraday chart looks compelling

ozwald

Beautiful wedge that could break next week. I will try a long if it does

ozwald

This was first intended as a troll but... I guess we live in the time of double failed break outs?

ozwald

Hey baby. Check out this weekly volume. Is it just me or is this thing going higher?

ozwald

Smooth start with Meta Does everyone hate it yet? I don't feel so... Yet I think we bounce before we break the trendline. If we break the trendline before we bounce, then the bounce will be even more worth buying. When in doubt, just wait for big volume on the weekly to get in.

ozwald

A significant close above the september 2 high is a long setup to me. If we can confirm the price break today, during the regular trading hours, the next level to watch for is around 4080.

ozwald Updated 

Failed break down of 19500 was a long setup. As long as 19500 hold Risk is definitely ON.

ozwald

First sign we could be about to reverse trend in bonds. The decrease in interest rates could give some leeway for stocks to start moving higher. We will see how the market reacts to Powell speaking today at 9:10 EST

ozwald

No bueno for senor crude oil. Oil is definitely heavier than steel, unlike feathers. I missed the short, this is acting extremely weak... Another good sign for equities to rally? Energy cost coming down, therefore inflation coming down, resulting in the fed taking a chill pill... we end up getting a big rally?

ozwald

This is another sign we might get a lot more upside in stocks

ozwald

Market is heavy and it looks like it wants to go down and yet it cannot... The 3900 level is still holding We could get a bounce here and I will long if we do

ozwald

Doing some backtesting and noticed the volume on the morning of the 23rd of Nov 2021. Thought that was interesting. How is it going to unfold?

ozwald Updated 

Got a long signal earlier today so I am long The signal is a close above a previous top-anchored VWAP rejection (3.05% on 7/21 in this case). I had bought lower @ 2.88 on 8/17 but go shaken out. And "shaken out" is an overstatement. Haha. I don't feel good about this trade (hate going long on ascending wedges), so it's probably going to work haha...

ozwald

Got a nice base forming here. Could get a quick move if we get above 820 but 845 may show some resistance Could easily retrace to 950 first, even if it eventually continues lower

ozwald Updated 

A couple of technical bearish signals here: 1. It is weird to get a 161.8%+ extension in a wave C, especially during a corrective 4th wave. That likely means the 4th wave will be very deep (3950 possible, 4100 minimum) . Or, we are not done with the bear market and we are going to see prices below 3640. 2. The close below the top-anchored VWAP is a short signal...

ozwald

Looks like the correction is done, albeit a bit shallow on the C. It makes sense that it found support around 91$ though. Close above TL would be a long signal to me with a stop below 91. First target 100$ - about 2R.