proxynoorigin

proxynoorigin

The QQQ might be setting up for a strong up move if the current correction is over. Watch the 3/10 oscillator for upturn follow thru. A measured move puts an upside target around 191.

01:10

proxynoorigin

Another interesting market comparison that I see looking at the QQQ's of 2014 to our present day. Price COULD* be at the early stages of showing it wants to move higher from here. These are 2 week chart timeframes and I noticed a few possible clues in the 3/10 oscillator and RSI. Specifically the 3/10 looks to be making an upturn. Along with the RSI is still...

proxynoorigin

After the 1987 crash, bounce and retest of the lows, price began a to climb the wall of worry. Forming a more sustainable up trend channel. ... maybe

proxynoorigin

One convinces the crowd the market has peaked and shakes out the weak hands. The other runs higher from here forcing everyone to chase price forming a steeper uptrend than 2017. Then once everyone is all in, price crashes which scares the shit out of everyone. Either way, price retraces to the bottom of the long term channel trend line and has most convinced the...

proxynoorigin

Sometimes it's straightforward. Happens over and over on multiple timeframes. on.mktw.net

proxynoorigin

Looks to be retesting a key level before possibly turning back up and continue it's larger bullish trend. RSI at previous bounce level. Watch for ADX to turn up

proxynoorigin

Comparing weekly levels and patterns... watching RSI pivot area

proxynoorigin

Comparing weekly patterns ... watch RSI pivot area

proxynoorigin

Current SPX comparison to 2011 bottom and start of bull run. Plus time ranges between bottom and first breakout high and pullback low.

proxynoorigin

4 year uptrend channel and possible rollover similarities to 2008. Watch 1885 - 1783 zone to give clues Scenarios if the bull run continues, a 2008 bear rollover, or if the large range sideways volatility continues through 2016, further frustrating both bulls and bears!

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Let's see if the 1990 level provides a similar pivot low to start the new year.

proxynoorigin

Long and short term channels / levels to watch

proxynoorigin

If the 2011 pattern continues and we do get a final flush down past the crash low on 8/24 - one option I see as likely is a final push above 2000 in the next day or two then down for a true test of the low.

proxynoorigin

Looks like price made it's needed retracement to stay in its' similar sync with 2011. Maybe a flush down move to 1900-1880 to convince the conservative 'retail crew' that this is THE selloff they've been waiting to get short for. Only to see price rebound back to the 2000 area. Or maybe tomorrow will be a face rip reversal back up to 2015ish. Note how the RSI...

proxynoorigin

Price revisited the down channel midline 1900-1920 area finishing the week just above. If the analog continues price would need to continue its bounce up to the 2000-2020 zone. Note: this would be between the 50 and 62 fibonacci levels measured from the May high to the selloff low. If price makes the pivot higher I will be closely watching for RSI to break and...

proxynoorigin

Looking at the analog I think it could be. Watch for a failed breakdown lower and subsequent buying price action as a clue to the next leg higher is about to start. Previous chart

proxynoorigin

Looking at similarities in structure and proportions, both in price and the rsi. Upon closer inspection of the 8hr line chart, I’m finding some interesting symmetry when aligning points where price held the bottom of the previous long holding range and which the initial selloff low and where price closed at the end of the week (Aug 28). The down trend lines on...

proxynoorigin

Based on the past 2 year ever grinding higher move without a substantial correction, of course everyone expects (or needs?) a 10-20% correction from our current levels. But what if the scenario that the absolute least number of market participants expects happens? What if the Nasdaq 100 were to double from here? And the Nasdaq 100 reaches 9000 by 2016-2017!...