I talk about IWM and SPY in this video and why I think an excellent short opportunity on IWM is coming quite soon. Good luck!
all in the video. I expect a pullback starting today or at least this week, but if the pullback is relatively small and the rsi drops hard, expect over 4600+ in december. Good luck!
Just some ideas while I had some time to reflect on the years price action and how things are setting up for 2024. I hope you enjoy it
All in the video, I give my reasons why a push to 4630-40 makes sense before a bigger move down. Gold and SIlver looking more interesting now, Oil still near support levels but needs to get over 78 to create any start of momentum. Yields also starting to break up to the upside which may get ignored by the market for a few days.
4400 is the level bulls want to hold on any pullback for spx, whether it comes next week or not is hard to say. IWM and DJT are not confirming an upward bias on the weekly chart yet, so it's possible they are saying something that most are not hearing. Gold and Silver both hard to tell what's going to happen right now, so waiting I'm for a confirming move up or...
all in the video. I expect a pullback but it does look like 4600-4700 will be the goal by the end of the year. Probably beaten down stocks will finally play catch up to the Magnificent 7....
All in the video, decided to do it early because I'll be away until Monday. SPX could continue slightly higher, but I don't think it gets past 4450 as of now. Other markets are at interested support zones..... Have a nice long weekend!
All in the video - 4400 is going to decide whether or not we continue the uptrend. For short term a little higher makes sense, but if this is a bear market rally, this is typical kind of movement. Sometimes they go a little higher, consolidate and pullback again. I cover everything in the video. Thank you for being patient and for your support.
Oil looking very interesting here - if it's a B wave up, 120+ is likely. Cup and Handle or Head and Shoulders target both point to that price range. Could be a nice trade into spring....
All in the video, Vix and USOIL is also looked at. Today feels bullish, but under the hood there are some issues. We are at strong resistance here. Good luck!
All in the video. We are close to major support levels and I think while we may spike through them we have to be prepared for a rally coming in November. A spike through 4k on SPX would make the most headlines, but to me it would be a buy opportunity. Monthly 18ma is 4100 and price support is between 4050-4k. QQQ 200 daily ma is 5 dollars away. I was cautiously...
Bullish setups galore with one more low possible before the bigger move up. Worth watching all of these for a long term (swing) trade.
ok we're getting a recovery rally, but be aware tomorrow they could sell down to create one more low which I would think would be a bear trap. I can't say it's THE "bottom" but we could be starting to make a bottoming pattern here. RSI needs a reset, watch NQ and tech especially for an outperformance rally if I'm correct. Good luck!
All in the video. I'm not sure the B wave is done, this looks like a suckers rally right now. Bullish into the end of the day is probable but tomorrow a gap down may occur - good luck!
4180-4160 is a likely target before a relief rally. Not sure if it would be a bottom, but a bounce would likely occur there. If they get there by Monday's open I would be very cautions with the amount of support in that area. A surprise rally could occur to reset the RSI for a day or two.... I may do a video about other markets in a day or two. Good luck!
All in the video. Along with SPX I talk about QQQ. Target for both should be the daily BB. TYX is about to spike up hard, watch for more news and panic about yelids, that's probably going to coincide with the market bottoming. I expect a low in late October/early November. Good luck!
All in the video, I believe we've topped today and we're going to make our way down to the 4050 level. If I'm wrong I will certainly update the idea. While higher highs are still possible, I lay out my reasoning why this is more likely a top than not. Good luck!
A move up to 4375 area is likely in the morning to test the channel. I expect a failure but if they get over 4380 they will likely fill the gap at 4404 on spx cash. Us oil needs to get over 88 convincingly to be a solid long, right now it's just chopping around confusing both sides. Gold and SIlver both broke down and now are retesting structural resistance, it's...