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QQQ potential redistribution Hey all, I've been strong on the idea that we are currently redistributing on the next leg lower and are somewhat repeating the exact same patterns we made ahead of the March rally that faked many into flipping bullish. I believe we will redistribute in an eerily similar manner, especially considering what the indices-moving names are doing. Considering history, next week should be choppy, possibly testing new lows on certain names on the Q's and on the Q's itself, only to bounce in an incredibly strong way that will fake many into being bullish (as it happened in March). I warn you guys, even though I believe we will either reach or breach critical resistance at 314, I firmly believe will all be a fakeout rally ahead of an acceleration downwards. Be careful of traps to both sides and best of luck in your trading!
NASDAQ:QQQ
by MichaelEugen1
1
Repeating market crashes...Hey guys, If you look very closely, I think GES is repeating the same pattern it made in 2008, with some similarities to what it did in 2000. Today, the stock noticeably held its most critical support level just above $16, and I think it is likely it will rally into mid-late July. That being said, I fully expect that rally to be faded and a violent markdown phase to occur as it did in 2000/2008. Keep an eye out on this one bears as this could move down very fast when the time is right.
NYSE:GESShort
by MichaelEugen1
#HEX still under control of the BEARS!From the inverse HVF funnel formation and break. HEX dropped below 3 cents A return move to the initial funnel range , seems to be a relief rally. If #Bitcoin does continue on below $15,000 and under The projection of HEX to reach a penny for a capitulatory, cycle bottom still exists. This I believe will set up for a fantastic reflation period of #crypto going into 2023 and the next cycle top in 2025. A few more months of pain , but the rewards for sticking around, and being patient will reward some of us. Not everyone can make it despite the great design mechanics of HEX , this is still highly speculative and the volatility wears on even the strong minded. Survive to Thrive!
Short
by BallaJi
1
MSFT redistributingHey y'all I've been watching MSFT as of late as I think it is in the process of redistribution before the next leg down. If you take a close look at what MSFT has been doing lately, you may notice that what it is doing looks quite similar to the leadup to the fakeout rally it had in March. I am currently expecting a very similar move, and am looking to buy any new 52-week-low in MSFT to benefit from such a fakeout rally that I expect could take it to the high 270's, all before shorting it when it gets up there. There are plenty of reasons to suspect the rally would get faded should it get to the high 270's as I am predicting, not to mention how high up MSFT is relatively and its high P/E ratio . Moreover, it is fresh off of distribution. Disclaimer: I believe we're at the end of a market cycle(a crash) and are in the process of redistributing before the next leg lower
NASDAQ:MSFT
by MichaelEugen1
1
AAPL redistribution before next leg lowerHey everybody, I've been noticing that the patterns leading up to the fakeout rallies in March have been repeating themselves in numerous market-moving names- namely NVDA, MSFT, and AMZN. I think there's a strong possibility that AAPL goes to test new lows in the next two weeks, only to be met with tremendous buying pressure that will subsequently lead to a fakeout rally that could take it to around $150/share before the next leg lower(redistribution). I think this could push AAPL to the low 100's and possibly double digits by the end of Summer. I am expecting to play this both ways- I will buy any 52-week low made on AAPL in anticipation of a large countertrend rally, and I will subsequently sell the rip and possibly short it in anticipation of the next leg lower. Mind you AAPL is still very high up relative to some other names. Disclaimer: I do believe we're at the end of a market cycle(a crash) and are simply redistributing before the next leg lower which should begin sometime around late July or early August.
NASDAQ:AAPL
by MichaelEugen1
5
MOO running out of grassHey everybody, I've been following MOO as of late as I'm currently short DE and waiting on an entry for CAT short as well; I've noticed that it has essentially been forming a Wyckoff-style distribution pattern, and is one of the few sectors in this market that isn't brutally beaten down at this point. I'm currently expecting a countertrend rally upwards in this name, but I fully expect the rally to be faded and for this sector to enter a brutal markdown phase that will take it to pre-pandemic levels well before 2023. The question in my eyes is when and where will the rally be faded? My current ideal entry short on this name rests around $92/share
AMEX:MOO
by MichaelEugen1
1
Nasdaq end of market cycle(crash)Hey guys, it's been 14 years since the last true end of market cycle crash(though I could argue 2016 was a crash of sorts). Taking a look at the previous 2 market cycles leading up to the 2000 and 2008 crashes, you can see the logarithmic trendline highlighting the euphoria phase of the stock market prior to the subsequent crashes. All in all, there is little to suggest that this breakdown of the log trendline that marks significant moments in the market will not lead to a stock market crash as it did in 2000 or 2008, especially considering inflation, high valuations, excessive margin, speculation(even though the speculative growth bubble is largely popped), and the simple fact that the Nasdaq has been up 13 consecutive years. Though many sectors are beaten down, I expect future legs down to be more violent as more and more sectors enter downtrends that previously weren't(namely agriculture) that will plummet the indices with them. In the immediate term, I expect there to be whipsaws both to the downside and upside, but I expect the resolution to be significantly lower by the end of summer.
TVC:NDQShort
by MichaelEugen1
Possible AMZN short setupHey guys, I've been noticing that AMZN has been repeating the redistribution pattern it made leading up to its rally and subsequent dump in March of this year. Considering the fact that other market-moving names are doing similar things(AAPL, MSFT, NVDA), I am currently anticipating a rally up to the high 130's where I believe AMZN will top out and possibly head to the $80's. Mind you AMZN is still in a macro downtrend following a standard, year+ long Wyckoff distribution pattern and would be significantly overvalued at ~$138/share. In short, if it does rally up to fill the previous gap, there would be little to suggest that it would not reject and head for new lows. P.S. Do take what I am saying with a grain of salt as I believe we're at the end of a market cycle(midst of a crash) and are in the process of redistributing before another leg down.
NASDAQ:AMZNShort
by MichaelEugen1
2
Possible Short SetupHey guys, I've been following this ETF since lumber prices have been falling from their sky-high prices. Just now, it looks ready for a markdown phase that could get pretty ugly. Though it is currently well below, if it manages to get to around $83-84 dollars, I think that shorting it there would be an incredible opportunity with minimal risk and solid reward potential. Disclaimer: I think we're at the end of a market cycle and are currently in the process of redistributing before another leg down in what I believe will be called a crash when it is all said and done.
NASDAQ:WOODShort
by MichaelEugen1
1
NVDA predictionHey all, I'm noticing many market-moving names are repeating the redistribution patterns they made leading up to the fakeout rallies and subsequent moves lower in March of this year(Namely AAPL , MSFT , AMZN ). I think NVDA is setting up beautifully for a rally higher back near the $210 zone where I fully expect it to reject and breach new lows in a violent manner. Considering the cyclical and overvalued nature of NVDA and semiconductors(which are still relatively high up), it would be no surprise to me if it were to see its pre-pandemic values well before year-end. Disclaimer: I think we're at the end of a market cycle and are currently in a redistribution phase before the market heads to new lows(in the midst of a crash)
NASDAQ:NVDAShort
by MichaelEugen1
2
Buffet Indicator insightsDespite the recent downturn in the equity market, the Total Market Cap over GDP - also known as Buffet Indicator - clearly shows that there still might be a significant market crash ahead. Assuming the market will reach the " Fairly valued " territory, it means that a further 25% decline is to be expected. Assuming instead that the market will ultimately become " Significantly Undervalued " - as it happened after both most recent market crashes (except after COVID due to the massive Fed intervention) - we should expect a further 50% decline.
FRED:WILL5000PRFC
by a.b