pogicraft

pogicraft

well we've so far passed all my support points and are like in super duper oversold territory. Traders want to bounce but I'm going to finally change my 6 month outlook. BEARISH. Short term it depends on how the chips fall -- if we get some straws to grasp at on the economic data side of things, we could bounce easily to $580. But people are not liking the...

pogicraft

Assuming we stay above $578.5 im proud to claim that this is a good point to start buying the dip. We saw signs Feb was better than Jan and in the best of times we may say, by July we won't even be talking about inflation - remember 2021? Inflation didn't become a thing again until Jan 2022 when rates begun getting raised. We don't know how things will play out...

pogicraft

Im saying resistance into new support around $606. Don't think we just keep going down from here but it's inflation vs nvidia... What's the story to close out Feb? And God help us if nvidia earnings don't help us bounce. I mean a 5-10% retreat wouldn't be the end of the world, but not currently supported by technical signals. Long term view is bleak. The gap...

pogicraft

Im saying resist into new support around $606. I made a trigger there, hope it shows up. Don't think we just keep going down from here but it's inflation vs nvidia... What's the story to close out Feb? And God help us if nvidia earnings don't help us bounce. I mean a 5-10% retreat wouldn't be the end of the world, but not currently supported by technical signals.

pogicraft

Scary as that sounds, it just became possible. Like tomorrow possible.

pogicraft Updated 

I only shorted at the open because price hit resistance at the line I called, stay above. But as I was always aiming for a mild bullish scenario and the fact that if it did go up and hit that line, my shorts would be losses, I sold around 10 sharp, 10:05

pogicraft

Drew a line for where I'm looking SPY to open tomorrow, hoping buyers swoop in and try for ATH, should be easy since all the big names are down but without catalyst for correction. Either way, looking towards second week of June if the medium time frame MA is to be followed. Just hard to believe that Friday's inflation data will be positive -- but I'm thinking...

pogicraft

Why can't we just go higher from here? Everybody seems so negative -- and indeed I'm more neutral than bullish right now but $480 is just as possible as $530 and we really just have to wait out earnings season to see which way we get smacked first. I was bullish (then netflix happened) then bearish (then explosions over the weekend) then bullish (then people seem...

pogicraft

New pattern detected, possible bull run. But being on the phone app, the chart looks ugly so im probably going to repost later)

pogicraft Updated 

Um... I can't really expand on this because it came to me in a dream. It'll be wacky for sure.

pogicraft Updated 

Things seem oversold short term. Doesn't always mean it will bounce. I don't even want to guess where prices will be after FOMC since we're simply releasing some of those pent up profits. Obviously, barring any sudden news, after the selling stops, we'll try for more ATH. But between here and before May, I'm just not sure how sudden the selling will be. Obviously...

pogicraft

I freehand drew some lines but they really made more sense in 5min mode

pogicraft

You want to underestimate the power of an ATH run when nobody wants to sell? That's on you -- just because there's low volume and very little interest in buying doesn't mean there's a selloff coming. Trade what's in front of you means that there may not be anything in front of you -- if most people are bearish but want to see how high this thing can go before they...

pogicraft Updated 

Yep, it was just that easy. Honestly don't know if there was any other outcome because the drop wasn't really strong enough but looking at this lazy susan makes me certain we'll see $480 and unsure we'll see $460. If it's been pushed back, it's at least Feb now.

pogicraft

I'm just sitting here watching the bull/bear battle that has very few committed participants. I'm thinking its time for a bit of a pullback because we've taking this too high too fast. Market says (at least in the moment) we can do higher -- and goes from a wee bit under $434 where I can see it softly touching $431 to $435 where I'm wondering if my calls expiring...

pogicraft Updated 

I don't understand these new tools on TradingView. I'm trying out a bunch of their forecasting drawing tools but the ones that are like, generated bars seem like static nonsense. Like the bars pattern and ghost feed. Does ghost feed account for volatility? A drawing of say, 5% change in the next 30 days would probably result in similar bars whether you're doing it...

pogicraft Updated 

The first week of October was good, very bullish, The second week was largely flat This week started on a gap up and has just been a falling rock since... But today there, was hidden powerful buying pressure, you can see it hitting resistance around 10AM, 11:30, and 2PM and then falling to new lows. On every drop, there is always buyers entering at support...

pogicraft

and also what the description was :( I'm not sure how the unemployment numbers or Powell speech will be interpreted tomorrow but barring some mysterious unknown, this dead cat bounce looks stronger than most people are expecting. Smart money is buying, maybe not today, maybe not tomorrow, but there is bullish interest inside of this weakness. Never any idea why,...