the_sunship

03:15

the_sunship Updated 

4200 to me is the obvious target for a few reasons, I discuss them briefly in this video. I've been busy but will get back to updating once a reversal comes. Good luck!

06:25

the_sunship Updated 

Market sold off as I expected yesterday. It was especially difficult for tech to overcome the resistance area of 313 on QQQ. Having said that, there are signs that yet another whipsaw is coming in a week or more. All in the video - I hoe you enjoy it. Good luck!

07:20

the_sunship Updated 

All in the video, I cover a few of the sectors and point out this area has been tough resistance for the market in the past. Noone seems to be expecting more problems with the banks, which to me is sort of strange as we don't know the full fall out yet. Good luck tomorrow - FOMC at 2pm and 2:30 press conference!

the_sunship Updated 

Still looks like a B wave to me, with a C to follow. They are chopping everyone to pieces with the bad news/good news before the C down. We could have a minor sell off overnight and rally into fomc ( to around 4k) or the E wave may finish tomorrow and FOMC will kick off the C wave. Either way I believe any rally higher is a chance to collect shorts. The structure...

15:15

the_sunship Updated 

All in the video, my guess is spx gets to 3800 area and bounces from there for a few weeks before the larger sell off. VIX has resistance at 32, so that's the target in my opinion. Gold looks wonderful but a pullback may be coming if the market bounces. Bonds are in a similar situation as Gold. OIL has major support at 62, and i think it comes quickly. BTC...

the_sunship Updated 

Since we are not getting a rally as I expected (a bounce yes, but nothing impulsive today), another option to consider is a triangle for a B wave, which means a C wave down will begin in earnest tomorrow. I think this is a strong possibility considering the massive amount of short covering today. Although the VIX is elevated, the Weekly bull divergence on it has...

the_sunship Updated 

channel breakout and weekly rsi breakout on Bonds. Minimum target 140, 160 or higher if things get really ugly in the stock market.

13:39

the_sunship Updated 

Walk through of the major markets - SPX, OIL, GOLD, US DOLLAR Bonds and BTC basically I think we're in a rally, but the dollar worries me as I think it could rally hard very soon. I hope it's helpful!

15:19

the_sunship Updated 

Expecting a rally to about 4k to test the important MA's, then reversal. USOIL should be a similar move. Gold may peter soon out if the dollar is going to reverse. Bonds look good to continue to 140 area. good luck!

14:00

the_sunship Updated 

All in the video, we are in a critical area of support for the markets. Oil is especially leaning bearish for me as it's been winding up for months and looks ready to break down. I talk about IWM/SPY bull flag, and possible strength in both TLT and Gold. Non Farm Payrolls are tomorrow so anything is possible, including a rally to 4100 area again, if it happens, it...

the_sunship Updated 

Although there is support for IWM between 182-1, I think the real target will be the combination of the monthly BB and 100 ma, around 158-156. Structural trendline (purple) looks right and it's no surprise it showed up at the 18ma exactly to regect the advance. IWM divided by SPY is a bull flag, so I expect IWM to sell off much more than spy once it breaks out -...

the_sunship Updated 

The breakout on OIL on Friday was rejected at the 18 weekly ma, again - so that's bearish. We are now under the daily 18. In my opinion this is winding up for a serious move down. Confirmation of a break of the major trendline is under 72 which may come quickly. First target approximately 65 dollars. Good luck!

the_sunship

If we don't get a higher bounce on es, chances are this head and shoulders pattern is playing out. This idea is invalid if we get over 4060 again, in which case the previous scenario (linked below) is playing out. I'm watching the daily 18ma at 4034, if they get over that level, a bigger bounce is likely playing out. If they stall near the 50ma at 4013, then this...

the_sunship Updated 

This is what may be happening as an alternative to the immediate sell off. Note the 2hr rsi, how low it is again. The end of the day may look bearish but with the RSI this low, another move higher to test 4100 is still quite possible. Support is 3990 area, Under 3950 and this idea is likely invalid. Good Luck!

04:26

the_sunship

All in the video - please be careful here, rsi is telling us a possible "C of B" is still ahead.

16:48

the_sunship Updated 

An overview of some markets, I still think an upcoming C wave will happen relatively soon. In general 4050-4100 should cap this B wave rally sometime mid week. USOIL may continue it's move to around 90 after Friday's fake breakdown but needs to hold above the 18 daily and weekly ma's. Gold may find resistance at 1876 level (upper Bollinger band). Bonds likely...

11:06

the_sunship Updated 

All in the video, I believe we're in a prime area to buy both Silver and the silver miners for a longer term hold. Good luck!

06:44

the_sunship Updated 

I think a bounce bounce to 4100 or more is coming as part of the larger triangle structure. RSI is quite low and the price action is choppy - like they are winding up for a move out of the channel. 4100 or more would certainly convince bulls that "all is well" and the uptrend WILL continue, but I don't think that would be the case. If anything, 4100 is an ideal...