tipere445

tipere445 Updated 

Good day folks, The market went very close of a selloff last Thursday. However, it reversed on the Fed news. TLT and XAUUSD are cooling down; if the selling continues or accelerates, this could provide some fuel to the indexes. I think IWM could reach 146 and close the month around 140. So, this could also offer an opportunity to short. I do not have a...

tipere445

Good day folks, Aurora Cannabis has been on a wild ride. There is support at $6.00 and it is likely to be tested again. If this support doesn’t hold, it could go back to breakout price or $4.00. I prefer not to mention the large support at $2.00 as it would be a complete catastrophe for the stock imo, however I would load big time at this price. Until the stock...

tipere445

Good day folks, WEED was on fire until marijuana was legalized in Canada. It has since lost almost half of its value. More I look at the chart, more it reminds me of the S&P, but with just more volatility. I think the selling is not over and that WEED will eventually test the support at 32. Then go back up to make a right shoulder around 40 and fall further to...

tipere445

Good day folks, TLT has been on a very bullish ride since November, however it should correct a bit in the short term. The RSI is in the roof and resistance started to show up at 122. There is also a gap to be filled at 116, which is my target. Following is my position: CALL TBT 2019JAN18 36.00 (filled @ 0.43$) *I will be at the cottage next week and it is...

tipere445 Updated 

Good day folks, Based on my monthly chart describing the H&S SPX is in, I am expecting another significant drop. (You can look at them for further info) So basically, I am looking at 267.70 for my short entry (optimal, could be lower/higher) with a target of 252 to 255 . The target is also the low where I am expecting a reversal long, but I will post it...

tipere445 Updated 

Good day folks, This chart is a continuation of my previous one on the Head & Shoulders pattern that SPX is making. I added 2 zones to help me focus on the potential reversal spots. The green/long zone : there are still 3 weeks left for the month of December and the outlook is very bearish. As such, I think the market will continue to sell for the next 2...

tipere445 Updated 

Good day folks, GLD faces resistance at 118 and the RSI suggests that it may cool down for a few days. So I’m opening a small position in PUT GLD 2018DEC14 118.00 Thank you,

tipere445

Good day folks, It appears that there is a Head & Shoulder in the making for SPX. If this is the case, it means that we have only a few months left before selling accelerate. Most likely to start next spring imo. Look at the volume; since 2016 it is decreasing and has decreased drastically since the beginning of 2018. I think that this suggests that there is not...

tipere445 Updated 

Good day folks, Pretty simple setup, VXX made a double-top. The second one was a head and shoulders that seems to be completed (see my previous chart for more info). I’m not a big fan of shorting volatility as I feel it brings bad karma lol. Being long the indexes is basically the same for those who also feel the same. I put 2 targets as we cannot know yet if...

tipere445 Updated 

Good day folks, Looks like the market wants to go up. Is it going to last? I don’t know, but from what I can see on VXX, the pain is not yet over. Basically, if this H&S materialize, the market could go higher for the next 2-3 days, then making the right shoulder would bring it lower. Pretty much flat for the next few days until next week, then we could see...

tipere445 Updated 

Good day folks, There is a Head & Shoulder on TLT, which suggest some short-term downside. The pattern is completed, and the price is sitting on neckline; this is a good time to get in. Thank you,

tipere445 Updated 

Good day folks, Both gaps have been filled (almost). Is the selloff done for now or is it going to continue? If it is going back up, then QQQ could face another dilemma, a possible Head & Shoulder… I’m waiting for more movement before taking a side. Stay tuned!

tipere445 Updated 

Good day folks, Nice rally following the selloff, but a question remains; are we going to have a right shoulder or not? VXX and SPY seem to make H&S and inversed H&S. They both are at support and resistance. I think this is a scenario that we must watch carefully. Ofcourse, nothing is perfect in charting so VXX could go lower than reverse, or vice-versa. Have a...

tipere445 Updated 

Good day folks, I think the fundamentals and the chart look very bullish for GLD in the long term. As such, I started accumulating it on a monthly basis while shorting it through options. The reason being that my accumulation is for long term gain, diversification and currency edging, while my options trades, well simply for short-term return. Look at the weekly...

tipere445 Updated 

Good day folks, Looks like silver is making a cup and handle pattern. I'm a buyer here and will hold for a few weeks (maybe months) unless it is clearly unable to breakout. Anyway, a nice addition to any portfolio imo. Have a nice day!

tipere445 Updated 

Good day folks, The selloff seems over for now, but this remains dangerous. I think SPY can gain 1% by the end of the week, so I am long trading Friday expiration calls. Bullish view • Double bottom in the 4 hr RSI suggests a reversal; • Channel breakdown means that the market could try to go back in; • Possible Head & Shoulder, the right shoulder is still...

tipere445 Updated 

Good day folks, There is a Head & Shoulder on the chart and the RSI. I think it go test the support again. Please note that GLD doesn't move as fast as stocks do, so it may take a few weeks. Thank you,

tipere445 Updated 

Good day folks, The title says all; we could have a Head & Shoulder showing up on VXX. Nothing sure yet, but look for the right shoulder. My opinion is that we could see a reversal tomorrow afternoon or Wednesday. Thank you,