xCal

xCal

Not looking to get too greedy with a short position. News of Coronavirus is majorly priced in but it is still enough to push it down for this nice dip.

xCal

Here I'm looking at the Put/Call ratio and when the majority are bullish or bearish. Notice the correlation when it has been time to be bullish and time to be bearish. currently the ratio is at an important crossover mark to indicate we should be bearish. The VIX has also taken a large spike and we have all time highs in NASDAQ and QQQ. Be careful out there...

xCal

Here is more unpopular opinion. We have a full recovery or sideways movement. I've included recession outlooks but for now I have reach a short term bear long term bull (red line) position. The market seems to have exhausted it's upward momentum and I expect a downturn shortly. DYOR and happy trading.

xCal

This is a personal log of my journey in the trading world. I use it to come back and see what I have thought and learned from calls so I can make better calls in the future. I share them with you for constructive feedback. This is not financial advice. We have hit resistance at the 61.8% fib retrace line twice which would indicate a short term "double top". ...

xCal Updated 

Lot's of people seeing the bear indicators and I believe the real move is premature. Looking for a small rally before the next selloff.

xCal

Target 44. Fib retrace over the next year. Not financial advice.

xCal

Continuing on from a previous post, it looks like the yellow or green route stated before is taking place. Oil crisis is what they will tell you the reason for the most imminent downturn will be over the next two weeks but it's really a bigger picture of the entire economic situation at play. I'm thinking September will be the peak of this global crisis event...

xCal Updated 

All bear forcasts. Different ways it can go. Pick one.

xCal

If things don't play out with good response to covid treatment like in my last post I can also see this sort of formation.

xCal

I'm not sure I can see an immediate quick selloff like so many are calling for right now. Here we have the same outcome but extended over a period of uncertainty.

xCal

I have given you my plan for the coming weeks DYOR

xCal

I'm not saying much just worth pointing out for short term trend reversal patterns. As far as China and buckling under pressure. I think looking weak in the face of democracy is the last thing they want with all those protests going on. DYOR

xCal

I have written most of what I wanted to say here in the chart. Sometimes you need to picture what the alternative looks like to know how ridiculous it sounds. Take out the noise. Focus on the data. Stop reading the tweets.

xCal Updated 

Welp I'm about 90% confident we are not rebounding until wave c is over. Took long enough to make this final formation. All but clear bear flag. No not a triple bottom have you ever seen such a thing in the history of the S & p on a long term bull trend dip/correction? Please show me I am not all knowing. Will I be embarissed if it does some crazy 180? Nah,...

xCal Updated 

If you are an elliot wave analyst please please help me learn. Is this right?

xCal Updated 

Call me a pessimist. Breaking out above 2900 may invalidate. Inverse C+H possible. I believe double bottoms are used mostly in long term down trends and not short term dips. Keyword mostly. My experience trading is only 4 years but I'm extremely studious. The fact that I have not yet seen wave C in this correction keeps me from trying to see the bull. I...

xCal Updated 

I have been reading article and article of people saying "I's not bear season" and that things are looking bullish even though talk has been bearish. So I'm forced to explore alternatives. I have placed my personal bear and bull scenarios for the short term. I'm probably going to be surprised either way.

xCal

Last time we had a panic attack like this in the market was arguably back in October-Nov 2018. Now I know things don't always happen the exact same way but why did we come up with chart analysis if it had 0 meaning or use? It isn't superstition. It is a tool. To train in chart analysis we often put our selves in situations that have happened before but we...