timl163

timl163 Updated 

Bear flag measured move to hit the short term down target.

timl163

Reasons to be up. 1. Bull flag on the hourly chart. 2. Failed trend channel line break, 3. 3-pushes down and reversing up. 4. Up trend for the past few months.

timl163 Updated 

Reasons for reversal: 1. Two month bear wedge formed. 2. Trendline was broken on Jan 4th. 3. Double top was made today. 4. Additionally, today's (Jan 6th) volume is pretty high with a typical distribution candle. IMHO, reversal down is very likely for the next few bars.

timl163 Updated 

Will re-test the ATH made on Dec 8.

timl163 Updated 

IMHO, SPY will high likely break out very soon from the small trading range to the upside. IMHO, S&P will also reach 4000.

timl163 Updated 

Ascending triangle to the ATH.

timl163 Updated 

3-pushes to the down side and it is time to reverse.

timl163 Updated 

Possibly make a new high.

timl163 Updated 

It can possibly make a new high.

timl163 Updated 

Both bull flag and gaps confirmed the price target that will be more or less reached today or tomorrow. RSI is in overbought territory and today's bar is outside the channel with roughly 6% probability for SPY. Past 4 days, the stock market is in parabolic move indicates the exhaustion. IMHO, reversal time is just around the corner.

timl163 Updated 

QQQ will be down for a while. 1. 3 attempts to make the new highs failed as indicated by the Wyckoff up-thrust rejection. 2. The recent rejection is made after two month of consolidation. 3. The up-trend line from March was broken today. IMHO, seller is in control and bear trend will be for the short-term.

timl163 Updated 

Up for the short term.

timl163 Updated 

A bull flag has been formed, breakout will high likely be on Monday (Oct 26th). Another all time high looks like on the way.

timl163 Updated 

XLE formed a bull flag.

timl163 Updated 

From the chart, TSLA's in a downtrend. It is highly probable to have an exhaustion gap made at a similar level as that of July 6th's gap while on its downward movement within next week. Its final retracement price target is marked on the chart.

timl163 Updated 

GLD is forming a descending triangle pattern.

timl163 Updated 

Risk: the above is assuming Mr. president recovers quickly from corvid-19.