ozwald

ozwald

Can we go to 100 before we get any meaningful pullback? Either way, we go up in the near term. Brace yourself, inflation.

ozwald Updated 

We probably don't get much action until the fed speech next week on Wednesday the 27th - it could bounce to 2.91 until then. Setup: Interaction with the VWAP anchored at the march low (cyan) could act as a long signal: we close below the VWAP only to fail lower and reclaim the 2.8% level = long setup Or obviously, we could move lower and confirm the head and...

ozwald Updated 

Do we really go down like that? This pattern isn't satisfying

ozwald

This is a sketch of the current scenario I am entertaining. It implies more upside and I am conflicted with my bearish view. Looks like that current move to the upside is an impulsive 3rd wave up from the initial bounce of the bottom on June 17th. Not a correction of the move down to me anymore. This is inferred from the 161.8%+ move up and it implies that the...

ozwald Updated 

shorter timeframe trade tight stop at 4005 risking little (not full position) for huge potential gain if it does indeed reverse looking for a break of the white and yellow trendlines but will cover half at 1R to protect my stop

ozwald Updated 

Rejected at the top-anchored VWAP. Will now look for shorts. Risk-reward not good now as green trendline will act as support.

ozwald Updated 

A+ setup - risking 1R short @ 575 stop @ 589 looking for 540

ozwald Updated 

Is there a still a chance it goes up? The bullish thesis looks compromised but if it hangs above 3820-3850 (20 and 10 day SMA) this week there is still a chance we break the trendline and move to 4100 - Could be still be a simple retracement/shakeout (50% retracement from july 14 low at @ 3815) Note the hidden bullish divergence on the RSI and the muted volume...

ozwald Updated 

looks like it wants to roll over with failed extension above upper rising trendline trying a short here, will cut quickly if it does not go my way and break lower trendline

ozwald

Getting interesting here on corn Could break down soon

ozwald Updated 

full size position average 3.026 stop 2.972 will reduce size (1/6) using fib levels 3.13 3.21 3.35 trail rest for potential break above 3.5 break of yellow trendline gets me out of the trade

ozwald

Interesting spot here for crude Or we get chopped to death

ozwald

Could easily revisit ~1800 if we get back above 1300 Break to the upside seems more likely considering how the stock market looks like

ozwald

Looks even better than last week The market is still going up imo

ozwald

Am I the only one seeing this? That sequence of daily candles looks bullish to me. Doji then engulfing. Similar looking charts on other indexes and big stocks

ozwald

Chart speaks for itself... Close above 175 next week would confirm breakout

ozwald

last time BTC ripped by itself the stock market soon followed

ozwald

Aim is to play a potential QQQ rally after it undercut the $379 low from 12/3 yesterday Good ~3 rr ratio if breaks above ~$43 could go back to the 50 d sma and 0.382 retracement of the down leg at ~$60 $CRWD and $DOCU are also interesting plays in that perspective