Traders, Do not underestimate an earnings miss on Tesla tomorrow. Earnings est. is $1.00. If missed: 1. It could trigger the start of the massive bearish H&S pattern. 2. It will bring down the Nasdaq with it. 3. Nasdaq will bring down other indices like the SPX. 4. SPX coming down could break its critical support that has held up thus far. 5. Investors tend to...
Quant target area has now been reached. Short entries are valid considerations here with tight/trailing stops. A good target down might be anywhere from $136-$165
March 2020 Lows to Nov. 2021 Highs 50% Fib retracement hit couldn't be more perfect!
Traders, Something tells me that many traders are not going to be expecting what's to come. Let's take a look at what I am expecting for short-term, mid-term, and longer-term market price action. Stew
- Exited a year-long bullish wedge - check - Formed another short-term bullish wedge - check - Retested Support Zone -check - Retested Critical Support -check - Retested 18,140 Support - check Everything I have been looking to check from a technical standpoint has been completed. Our critical support has held once again! I am very happy with the way the...
Traders, Bitcoin has recently become less volatile than the markets. The chart here represents Bitcoin's volatility over the Dow's. In the bottom pane you will see that as the red line rises, it indicates BTC is becoming more volatile than the Dow. As it falls? Less. Rarely, has it touched the zero point (horizontal red line in bottom pane). As you can see from...
Why are regional banks breaking out to new 6 months highs relative to the S&P? Does smart money know something that retailers are missing?
Traders, After breaking to the upside of our long-standing, year-old bullish descending wedge, BTC is retreating exactly as I hoped it would do. Wait! Did you read that right? Was I really hoping for BTC to retreat after breaking to the topside of its wedge? Well, yes. Actually, I was. Cuz’ that retreat represents patently perfect technical price action. See,...
Traders, The dollar continues it's dump. The last two days it has come back up to test resistance. Is this the formation of a bear flag on the dollar followed by a continued dump? So far, it's looking like it. Stay tuned all.
Traders, Everything is playing out exactly as anticipated. U.S. Dollar topped. S&P500 looks to be double-bottoming. Bitcoin has broken to the top side of a year-long bullish descending wedge. And fear continues to dump. If all these charts continue to work in correlation together, it might be indicating "lights out" for those bears. Watch these things closely or...
Ok Traders. I am not all the way bullish yet. But this is looking good. For the first time since November we have now broken to the top side of our long-standing resistance zone and out of this year-long bullish descending wedge. Before we get too excited, remember, confirmation candles are necessary here on the daily. We need another candle to open and close...
Position = LUNC Entry = 0.0003387 Stop Loss = 0.0003 Final Target = 0.0004337 Risk/Reward = 2.4/1 Leverage = 5x Profit Potential = +140%
The top of our long-standing year-long descending wedge is being tested once again. Will the third time become the magic we have all been waiting for?
SPY (and other indices) supports are holding strong traders. Dollar is dumping. Do we get a double-bottom pattern followed by a blow-off top the likes of which most investors will have never seen coming? Support must hold.