We will see tomorrow at 08:30 CST how many stops this little move has taken out, may almost triple down side to SPY
This is not the SPY, but this does follow it fairly closely. Please see the Volume for tonight vs. October US open market, we are ramping up for the big rug pull. We are doing it at night, and possibly for tomorrow's half day market. At 19:00 central standard time, the Nikkei will continue to dump this off. Monthly and weekly charts show a very very very long way...
Woah! What happened yesterday? Looks like we sold off due to the news of an {1}Evergrande fail. With the reports of inflationary rates hitting their highest of all time at a whooping 6.2 percent, not heard of since the 1990's. With the supply chain waning, prices of average goods are up. All you need to do is look in the plastic bag of your local grocer to see...
The Fed.. Scholars running the show are now, after denying the fact that the Evergrande mess was contained, are now admitting that the ramifications could spill into the U.S. Economy. The Fed.. Also sent out a WARNING that the act of holding a meme stock threatens the stability of the U.S. Financial system. I would like to point out that holding meme stocks...
The handle of this pattern is just about complete. if we break 44.34 which will end the cup and handle pattern, the measured move, is right around 54.33. Under normal circumstances and I stress the word "NORMAL", the measured move generally exceeds the dip of the cup. Under FOMO its anyone's guess where it goes. Either way apes, the bananas are on sale! Get some...
I have been nursing this for 24 hours now. The trade is set up by algorithms and generally lower than normal volume. As you can see here on the 15 minute chart. When it hits the top of the channel wait for verification that it isn't going through the channel. Set an alert for resistances. Including channel lines. As it weaves through the channel after...
Key point on the 15 minute chart right shoulder developing . Or does it break the channel? This mornings gap has been filled.
1 hour chart shows one massive head and shoulders, and for tomorrow the Hourly chart also sports yet another Head and Shoulders. more controlled correction coming. I believe in the gap fill theory, what I don't believe in is the flat Earth theory. Fed regulations starting tomorrow is moving this along. every large firm and bank must show 1 trillion in SOLID...
Seems to me, at this time, pretty much any larger holdings in the S&P are safe to buy an in the money or out of the money put contract(s). We are seeing a controlled correction instead of a complete dump. I am no financial advisor or analyst. XOM is one of my favorites to either support, or short. I am seeing a rather large cup and handle formation brewing here...
Depending on the injection we get today, the rising wedge has reared it's ugly head again. Will this be another round of perpetual rising wedges weve seen the last 10 months, or is this the real deal? I have no position, but certainly hunting for one.
Hong Kong Shanghai Bank Corporation HSBC With the DTCC new ruling that all banks must have 1 trillion. Enough to survive a sever recession. HSBC is one of several banks pleading that this rule doesn't go into effect. We can also include the mighty hedge fund Citadel with this plea. Let's include this one of many banks that are involved in someway with the...
As we are all aware Evergrande is in some deep doo-doo. The amount of debt is unknown with bonds, and other derivatives. The Chinese market has been frozen since Monday and scheduled to open tonight. This left many retail investors unable to escape the wrath of which this event is unfolding. As we know the American banks and hedge firms are tied to this event,...
April 5th 2021 gap price difference of over 2 USD never filled. This is my marker. What's yours?
Let's keep this simple. SPY on the four hour chart. One more day of consolidation will complete the right shoulder. Lower then average volume, to many bad bad super bad catalyst to not have this play out. Evergrande, debt ceiling, over leveraged banks, and hedge funds, housing bubble, inflation, fed tapering. Don't kid yourself.