whiteknightmoving

whiteknightmoving

Upon a closer view we see many interesting things. It may be possible to project a target using the ratios of A wave and a shortened .618 of that move for a C wave. At this time that gives us a target of arond the 257+ zone. Lets see if the point B holds. This would project a price slightly above the breakdown point of the channel.... We're getting close to a...

whiteknightmoving

As we zoom in we can see the importance of the former channel support line. It should now act as resistance on upward price movement. The interesting points of The Feb 2018 low and the focal point of the abcde correction seem to point to upper limits of the rally wave 3.2 (blue) expectations. Our first target limit will be the underside of the breakdown of the...

whiteknightmoving

Where is the market headed in the next few years? Well, we can take a long term view and notice that the channel that the SPY was in the past 6 years, has been substantially broke to the downside. Many traders are thinking that this is a great buying opportunity since "The bottom" on Dec 24, 2018 marked a low. However, many of us use the OFP (Old Fart Plan) and...

whiteknightmoving

We might think that we are immune to this happening again. We have high speed algorithms that trade in a blink of an eye. We "feel" safe because we have "circuit breakers" to prevent this from happening again...hmmm... how far can it fall between each circuit breaker? Can we get our orders and trades in? Will our brokers website platforms lock up on us? This could...

whiteknightmoving

Looking at the 20 year bonds we see the sell off in the market is the huge money flow into bonds! Just look at the recent break out in the bonds. This week the bonds broke a 2 1/2 down trend line . The FED is once again, late and behind the curve as the market was already saying recession ahead months ago! Continue to think bear market for the next few years. We...

whiteknightmoving

With the break of the Feb 2018 lows, we see that the road map is still working for us. We have been making a lot of progress to the downside and may come back up to "kiss the old support" (now resistance) at the Feb 2018 lows. As we are setting up the 3 of a 3rd wave down. Please note the smaller wave counts within the bigger ones. We expect this bear market to...

whiteknightmoving

decision time to take positions

whiteknightmoving

Spy hit our target zone and we sold the puts. Now buying calls. Good work everybody! We are now looking up towards the higher targets at previous wave 4 highs as shown by the harmonic patterns.

whiteknightmoving

Looking for the break of the up sloping black channel to get SPY price down to buy zone. Then at buy zone we'll sell our puts and buy calls. Then after we get filled, we'll look for the higher pattern completion at the previous wave 4 area as shown by the sell zones and pattern completion..All right lets make some money!

whiteknightmoving

This morning we sold calls at about 7am for a nice profit. We are now looking for the pullback into the point C shown around a 61.8% retracement of this mornings gap high from yesterday's low. If we get into the buy zone indicated, We see 2 possible patterns developing ( Gartley and Deep Crab not shown). The pattern shown in purple is a traditional Shark Pattern...

whiteknightmoving

TSLA hit our target identified last week. Take profits now. We'll reload on a bounce back up again as soon as we identify another short opportunity Good work everybody!

whiteknightmoving

With the recent sell offs VXX is getting pretty volatile. Wondering what sparks the market sell off to create the bullish spike in VXX soon? Looks like around Dec 21 zone. This would complete the Cypher Pattern and lines up with other resistance and channels as shown and Completing wave C up.

whiteknightmoving

Wondering if we see the SPY continue to sell off into the FED announcement and then reverse back up?

whiteknightmoving

Hit target buy zone! Either wave 4 or the start of rally. .. I think just wave 4 so sell at zone near wave 4 if strength weakens

whiteknightmoving

Spy is in a small 4th wave up. 3 different targets in the sell zone. Look for 5 small waves on the 5 min chart. (sorry can't show here on TV) at the sell zone, get ready for another 5 waves down to complete this bigger sell off. So I'm very very short term bullish. The bigger play is down to the 260 zone

whiteknightmoving

I sold the (50) Jan 269 puts for $11.01 (bought at $6.76 on 12/12). Price hit wave 3 target as shown. This is also where wave A=C. I now have calls. I bought (50) Jan 260 calls for $6.65. I am playing the 4th wave up. Either blue trail or red trail. looking for a quick call option bounce. Then continue with wave 5 down to buy zone. Surprisingly, the buy zone is...

whiteknightmoving

Yesterday, we got the puts filled and today we see the first break of the lower black channel line. If we drop below the 370.25 area, we'll have some good confirmation of our put play! Let's keep an eye on it. Also I might be seeing the early signs of a Shark (blue) pattern. This might be the first bounce area as shown by the green buy zone... Way early to tell...

whiteknightmoving

AAPL - I like to call it "crapple", is bouncing off the top of the buy zone posted before. However I would really like to see it get a bit lower and trigger those stop loss orders waiting for us to buy AAPL. If you would be so kind as to look at the point shown, that would get us a very nice set up for a bullish retracement run back up again to the 50-62%...