stewdamus

stewdamus

Traders, Since 2009 the dollar has remained under this purple trend line. Today we do battle. This is the moment of truth! A cross above it (unexpected) would be bearish for our U.S. stock markets. If we stay below? I expect good things in the next several months.

stewdamus

Traders, Heads up on this Inverse H&S pattern I spotted on Quant. If it breaks that neckline, we're in for a nice ride up! Stew

stewdamus

Is the S&P500 about to double-bottom? We should find out soon! Like today!

stewdamus Updated 

Going long on Ripple here. Potential 45%+ profits to target. Target .48 cents. SL .28. R/R 3/1. Best of luck traders! Stew

20:10

stewdamus

Traders, A moment of truth has arrived. The dollar is about to do something it has only done 2 times since 2009. This is critical! Let's take a look at our charts together. Stew

stewdamus

If 100 bps, then break below support & cont. down. If 75 bps, then remain above bottom support. If 75 bps & hints of future pivot, then back into triangle with breakout imminent. If 50 bps, then To The Moon!

stewdamus Updated 

Reverse C&H neckline broken. Position = ETH Entry = 1455 Stop Loss = 1537 Final Target = 1037 Risk/Reward = 5/1 Leverage = 5x Profit Potential = +143%

20:15

stewdamus

Will the Fed responsibly consider the dis-inflationdata coming in? Or will they continue to try to please the market demands?

stewdamus

Traders, As you know, EuroDollar Futures has been one of the lead indicators regarding Fed rate hike action. As the futures drop, the inverse occurs with the U.S. dollar (DXY). It goes up. Likewise, the Fed tends to respond with a rate hike in accordance with the gravity of the EuroDollar's move down. Yesterday, the drop was huge after the CPI report was...

stewdamus

TBH Traders, Ethereum is not looking good right now from a technical standpoint: #1 - Still haven't reached the target down area from the larger H&S pattern #2 - Trend is still overall downward #3 - Inverse Cup and Handle Pattern now formed We are currently sitting on critical support which is also the neckline of the inverse C&H. If that breaks, target down...

stewdamus

50 bps is now off the table and the market has 75 bps locked in.

stewdamus

Position = EOS Entry = 1.685 Stop Loss = 1.45 Final Target = 2.95 Risk/Reward = 8/1 Leverage = 3x Profit Potential = +240%

stewdamus

Position = YFI Entry = 10131 Stop Loss = 7737 Final Target = 19437 Risk/Reward = 6/1 Leverage = 3x Profit Potential = +150%

stewdamus

For the first time since Nov. 2021 BTC is breaking to the upside of our descending wedge. Stay tuned!

20:14

stewdamus

Traders, talk about disinflation and a bull market seems contradictory. But is it? I'll explain why disinflationary indicators may mean we see the S&P at previous or even new highs going forward before we recede once again into a true bear market.

stewdamus

No surprises over the last couple of weeks. S&P is moving exactly as anticipated hitting all targets precisely. Will it continue to preform as the charts are telling us it will? In my next weekly update video on Friday, I will discuss a bit on why I believe the S&P could hit 5000 and double top, before we drop and enter into an actual recession longer-term (next...

stewdamus

Is the Eurodollar giving us some hints into the mind of JPOW and the fed?

stewdamus

Will the "M Pattern" continue to play out? So far, so good!