BAC 1Mslowly approaching the ATH before the 2008 crash . Still don't like the bearish div stemming from Dec '17 another tap of $38 before considering ATH
Banks
GSGS looks good for highs once again iMO..
Over 399 get ready for 403 - 411 - 420 R LVLS
Can scalp 399 to 403 on a quick play. .
If buying commons
LIS 390
$RYAN: Ryan is Smilin'As the fed moves towards tapering, I will be building a position in RYAN around 35. Will look to add on quality pullbacks assuming $XLF maintains an upward trajectory
$XLF: Long financials now...We have a tremendous signal to go long financial names now, as the yield curve is set to steepen once again and yields are rising on the back of the last FOMC meeting outcome, and the reopening momentum generated by the evolution of the Delta variant, and news of an antiviral pill from Merck that can cause a 50% reduction of fatalities and hospitalizations that recently surfaced. Charts are very constructive, as the $USB one I pointed out. I'm currently long a variety of value/financials/energy names as well as crude oil futures options for a while now, since AAII readings sunk below 25% recently. Now the broad market chart looks like a bottom is forming, and today a buy signal popped in $XLF, so the time is now!
Cheers,
Ivan Labrie.
NEWS is not random for the markets!!The sooner you learn this the better. I started seeing price perfectly mitigate areas and i started to ask my self, these moves are not random, and engineered. So when you see high impact news decide a scenario that fits and let the news be the cataylst. This does take practise and training your eyes. Just have a look at my EU chart, trade based off news, no data pure technical. Time and price theory is in full affect.
The BigBoys are in the house !The BigBoys are in the house ! Double top with fake breakout? Let's find out
Eurusd - SELLSEQL daily low easy sells. NY may take it lower, or when the speech happens may be a bullish retracement
EURUSD - Liquidity resting - highest probability is sellA beautiful eql low has been created, only for retail to take stop loss, so my idea will be taking one of the two if not both options for sells, be patient, wait for shifts and evidence.
Expiry day Blueprint for Banknifty for tomorrowI provide the possibilities for expiry day which can be used with much higher accuracy of above 80 %. all Disclaimer applies.
Do follow on social media channels to get instant updates.
EURUSD - setting the longs!!!!Price has entered the daily OB and now creating structure coming back to test the 1H supply. On the 15m we have created EQL and a nice OB underneath. I will be looking for shifts on the 1m.
EURUSD sellMy short term bias is sell. why, because we created retail eql and have respected the supply on the 1H. So i think we will continue down and will reanalyze tomorrow to see where we heading end of the week!
BTCUSD LONG My overall bias is short for bitcoin just check my other post. But that does not mean we will not have retracements fixed imb and discounted orders. i will be looking for buys for the the rest of the week.
BTCUSDTI don't think it looks good for BTC. The question is not if there will be a crash, but when. I think the big ones are investing heavily in order to cash out huge afterwards. I wait for a spike (lev 3 or higher) to go down afterwards, reverse to liquidate the shorts again and aftern the liquidation of the longs will follow. Investing hard in buying to sell after with a very lucratif profit at the end. I'm curious (:
AMC. The hottest stock and will be the worst. Bankster punish.AMC. The hottest stock and will be the worst. Bankster punish.
Bankster will not be okay with what reddit forum done with there money and positions. Big punish in its making.
Price is at big resistence wall and probably call wall. Put entry.
Bank Nifty Trade SetupBank Nifty Trade Setup
Long above 36800.
Short below 36550.
Max pain - 36000
PCR - 0.93
Theta Decay -
-1x 16SEP2021 37000CE - ₹ 175
-1x 16SEP2021 36400PE - ₹ 177
+1x 30SEP2021 36600CE - ₹ 690
+1x 30SEP2021 36800PE - ₹ 616
*** Not financial advice ***
*** DYOR ***
Stocks - XLF Elliot Wave ForecastIdea for XLF:
- For summer-EOY, will likely need to look at Finance sector as one of the leaders in indices.
Technicals:
- Price losing momentum (falling into lower channels), bounces appear corrective in nature.
- Distribution pattern formed.
- Ending diagonal broke down.
- Price very likely to sell-off to bottom of the megaphone pattern, 9M SMA, 20W SMA, 200D SMA.
- Usually the distributive sell-offs in indices form the W shaped harmonic structures, so a secondary sell-off is very likely.
- Then a corrective rally into mid July, before selling off in earnest into Q4.
Fundamentals:
- June 30, G-SIB banks begin stock buybacks, should save XLF.
- However, this is extremely bearish after an initial relief rally, see:
It remains to be seen if the buyback rally will fuel another bullish cycle, leading into earnings season, or will indeed be corrective in nature, so watching out for the nature of the bounce, should it come.
GLHF
- DPT
TSX Financials Inside Week Inside MonthI am leaning on the month eventually going 2 to the downside here and opening some further selling throughout the financials sector.
Correlation to the 10 year yield has been spot on for months now pay attention to see if it continues.
Would buy the dip if we see a nice pullback
JPM make it or breakGreat opportunity on JPM
Sitting at support from this triangle, if banks continue to be weak this week, there is a chance it will lose support and have a leg to the downside,
Another possibility is a breakout to the upside targeting ATH
Short BankniftyExact Reversal from Fib Retrachment Level ,
Also Breakdown in Symeetrical Traingle Pattern
Bought Some Put Options in Bank Nifty @ 36800 Levels
SL is 37200 And Target 36200 and 35950
Lets See What Happens on Monday
HAPPY WEKEND! 😊
BITCOIN SHORTS - we will need to fill the imbalance before.A nice pull back into the imbalance before a rally down. All analysis looks to sells. If price decides to move down, we will definitely see a low be broken before looking for buys.
$PYPL | WEEKLY WATCHLISTBasing very nicely after quite the pullback from the highs which looks healthy. This week, we can potentially see PayPal confirm upside if we can break above key resistance level shown. Looking for an impulsive move up to the $285-288 region. My fractal is denoted in the light blue candle pattern and lines up with my bullish thesis nicely. Just something to note.
