scruff360

scruff360

looking at the weekly chart on SPX. Using fib and basic wave theory. There is plenty of panic in the markets right now besides one guy. WARREN Buffet he's looking for opportunity. The simple way to break it down is a 50% retracement from Oct 22 low to the ATH is the top of the post covid high. looking at in an Elliot wave theory 5...

scruff360

XRP has formed a Head and shoulder on the daily and 15 min chart it has already broken down through the neck line. I will be looking for the next resistance around 2.06 a break of that will take us to 1.98 and a buy zone. IMO below that will be a discount and will look for 1.70 to 1.50 to load more

scruff360

Hey guys I have not posted anything lately been busy with life. but check out this chart by Newmont gold Corp or NEM, this long falling wedge is getting close to a breakout in my opinion. a break over 41 and we have lift off to 45+ with ER coming up on October 26th this looks good. I have a weekly, Daily and 4hr buy signal. MACD curling up and RSI in the 28 area....

scruff360

Gap recently reported great earnings and is looking great. here I am looking for a pull back to 12.60 on the wave 4 down then I will play the 5th wave up. GPS is looking verry bullish here. IMO. should be able to get a good scalp on the 12/26 13p then sell and grab the 12/30 13c for some nice profit. I really like the Big W set up on this chart it confirms a...

scruff360

Amazon has been on a nice bear run and imo it continues next week. we just completed wave 4 down on a 5 wave sequence. looking for 75.29 and the 1.68 fib. Then look for a three wave correction before more downside into end of year.

scruff360

With the recent bear market rally in full effect. I am expecting a test of the top trendline from here. We have a clear 3 falling peak pattern and looking for the last lower high before the next lower low. Yes inflation data was better than expected! Though it still is not good and the economy is going to feel the full effects starting next year imo. so on my...