wallstreetsharks

wallstreetsharks

On the minor time frame, wave (C) corrective is still in progress with the resistance level at about 1540 targeting the 1300 downside target. We have seen quite a sharp decline in higher degree into wave i. 1542 resistance must hold to keep this corrective pattern alive.

wallstreetsharks

We are seeing a response to the previous resistance level of 3250 for a corrective move to downside immediate target of 2925. Is this 5-wave impulse currently labeled as wave (B) actually of all higher degree The SPX is carving out a wave (5). On the Minor degree of trend, there is resistance from potential wave (5) top at 3,225.

wallstreetsharks

We are seeing a response to the previous resistance level of 3250 for a corrective move to downside immediate target of 2925. Is this 5-wave impulse currently labeled as wave (B) actually of all higher degree The SPX is carving out a wave (5). On the Minor degree of trend, there is resistance from potential wave (5) top at 3,225.

wallstreetsharks

XLC is dancing on the edge of a potential decline with significant resistance and a potential double top into the 57.62 level. We are considering this entire 5 wave impulse as complete with a potential (A), (B), (C) decline. Looking to place a 60/49/47 Put Debit Butterfly expiring Aug 21st with debit no more than 3.60

wallstreetsharks

Working on Medium Time Frame TSLA moving towards 1146 facing resistance zone 1147-1150 for a final wave 5 completion. Looking for an A,B,C corrective pullback in TSLA once the top as in wave 5 facing resistance zone 1064-1146.

wallstreetsharks

XLY terminal push into wave v is facing a wall of parallel channel and fib Resistance zones into 134. Also, notice the impulsive 5 wave pattern facing significant resistance into current levels. For now, the 136 should offer massive resistance that setups for a 15%-25% decline.

wallstreetsharks

RUT us forming an extended wave v that points the wave (v) upside target of 161.8% retracement at 1430 level. Wave v must hold at 1542 to the the Corrective Flat Pattern valid. Expect this terminal rally into our final resistance zone before the decline starts. Notice that the RUT is weaker than the S&P. Will the coming pullback continue this trend and see bear...

wallstreetsharks

Is this 5-wave impulse currently labeled as wave (B) actually of all higher degree The SPX is carving out a wave (5). We may be contained within in the highlighted range in wave (B) and wave (C) for the 2nd half of 2020. On guard for a possible top.

wallstreetsharks

NIO is targeting the 10.50 upside target as the stock is forming a larger degree XABCD pattern. Wave D rally is in progress and should carry NIO towards Fib resistance level of 12 leve, and potentially into 19. Looking to place some LEAPs expiring 2021. Also, the Chinese government is funding this potential Tesla Rival with $1bn. funding and also backed by the...

wallstreetsharks

AAPL terminal push into wave v is facing a wall of parallel channel and fib Resistance zones into 311. Also, notice the impulsive 5 wave pattern facing significant resistance into 340. For now, the 340 should offer massive resistance that setups for a 15% decline. Looking to place 2nd half positions with -ve delta put flies on AAPL expiring September.

wallstreetsharks

RUT us forming an extended wave v that points the wave (v) upside target of 161.8% retracement at 1430 level. Wave v must hold at 1542 to the the Corrective Flat Pattern valid. Expect this terminal rally into our final resistance zone before the decline starts. We are looking to scale in with 2nd half of bear put butterfly. For now, the 1481 should offer massive...

wallstreetsharks

Is this 5-wave impulse currently labeled as wave (B) actually of all higher degree The SPX is carving out a wave (B). We may be contained within in the highlighted range in wave (B) and wave (C) for the 2nd half of 2020. On guard for a possible top. The immediate rally should take us into 3127 which is an ideal level to establish some bearish positions. Look to...

wallstreetsharks

Another longer term bullish holding will be CCL, and our focus is establishing some Leaps expiring Jan 15th 2021 with a minor pullback into 15-14 range. CCL is forming a contracting triangle pattern that points a possible impulse pattern targeting the 35 range.

wallstreetsharks

Corrective Flat pattern on AAPL on the larger degree

wallstreetsharks

The SPX is carving out a wave (B) top. After this wave (v) is complete, we are going into a period of heightened volatility via a series of wave (3) tops and wave (4) bottoms setting up a same degree decline back towards 2200.

wallstreetsharks

Facing Signficant resistance at 78.6% retracement

wallstreetsharks

updates on our existing fly, we are looking to roll it over if we can indeed back away from current resistance levels

wallstreetsharks

looking to scale in 2nd half of -ve delta flies on AAPL as we complete wave B.