Joby Aviation / JOBY - Like an AirplaneSome stocks, I've never heard of before, but I come across people talking about them on Twitter, so I decide to take a look at them and keep an open mind.
That is the case with JOBY, and I know nothing about this company, nor about its financials... nor do I care about that.
So long as the markets are being maintained by institutions and haven't been hot potatoed because they're on the verge of bankruptcy, I only care about price action, because I believe that charts are fractals and contain all of the combined information and intelligence of all market participants.
Also, at present I am not looking to invest, because I believe there's a significant market-wide shakeout on the horizon. After that happens will be the time to build commons positions. Right now is just the time to make some trades and build cash.
I hear Joby's Chief is an actual aviation engineer though, and that sounds pretty bullish in the long term.
Anyways, we're (almost) in September now and the entire 2022 can count as something of an accumulation phase for JOBY.
I believe it's primed to take a run over $8 based on the fact that:
1. Swept out short sellers with stops over the March high on Aug. 8
2. Three weeks of "feathery" downturn while maintaining its July pivot structure
3. Unfinished business from November and December lying slightly above a December weekly double top, which is slightly above the Aug. 8 stop sweep.
I also believe the timing is _exceptionally_ good, as the monthly candle is painted like this, and is not likely to actually print like this with two days to go:
I very much doubt it's going to print a big red down candle with a big long wick based on how all of 2022 has already traded at a discount.
Markets at large are set for a significant downturn. However, 'ye ol' $5 stock aviation stocks can go on a 60% tear while the SPX dumps and it won't affect anything, and can provide something of a safe haven.
All the same, it's set up nicely to go for a run. At least, I think if someone was to short here, they'd get themselves a call from margin, for sure.
Other relevant stock calls:
Enovix / ENVX - A Close Shave
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Peloton / PTON - Pumpy Before Dumpy
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Blackberry / BB - 'Tis No Bubbling Volcano, But 'Tis a Geyser.
DIA
VIX - 9x8 = 72The recent market conditions have been strange. Post-Coronavirus Disease 2019 panic, everything went up in nearly a straight line for more than a year before SPX plinked 4,800, and then started retreating, within mere days of the commencement of 2022's calendar year.
During the moon run, VIX spent ten months in an area that I regarded as a key accumulation zone based on pre-pseudopandemic trading.
Despite SPX retreating 1,300 points over the course of only a few months, there was no fear. There was primarily no fear because it chopped up and down and back and forth. Even though SPX could lose 100 points in a day, it would gain it all back the next.
There was a lot of volatility, but omni-directionally, and a lot of chatter about recession, but nobody was really afraid.
During this period of time, notably, VIX never returned to the 18 level accumulation box.
So what is VIX? Everyone knows VIX is the volatility index, but its calculated based on the strike price of a range of SP500 options traded on CBOE .
Notably, all the way down throughout the year, even with January's dumps and February's when Russia invaded Ukraine, VIX never had a major spike as seen during other market corrections.
Actually, it never exceeded 39, despite taking five stabs at it before the June bottoms.
Friday's price action shows that the market is set for a real correction after a two month bear rally. I had some doubts about this on Wednesday and Thursday, but after seeing VIX retake 25 on a Friday, notable because Fridays have been "VIX Crush Fridays" lately, as everything melted down in good and proper fashion, I am confident the conditions have been cleared for a real bell ringer.
I believe that what we're about to see is some fairly epic and violent dumps below the June lows.
I foresee that a key characteristic of this coming movement is that it will happen both aggressively, and fast, which will naturally print an all new manic VIX candle.
What I have had in mind for several months is that when this happens we would just see a meager VIX 50, something like a yawn-worthy and short lived fake out dump. However, when I went to examine the chart in detail, I found that VIX 50 is the spike that was printed in the two most recent pre-COVID crashes.
Of course, 2008's scheme was 90, and some are projecting that "because recession" and "because inflation" we'll see something crazy like VIX 200, but frankly, I think this is a misunderstanding of where we're at in the bubble pop schematic.
Despite the markets' incredible retracements this year, there was no fear. We haven't had fear yet.
We're about to have fear, and it's going to come strong and fast and the propaganda machine is going to bark, and bark, and bark, all so you can panic, sell low, and get short, waiting for SPX 2,400.
This will also let the options MMs sell a lot of puts at the bottom with huge implied vol premiums that will expire worthless, and then they'll buy themselves another 1,200 square miles of farm land.
What I foresee actually happening is that when the target below June lows and above or slightly under the pre-COVID highs is achieved... we're looking at something like a 1,000 point dump counting from mid-August's 4,300 print.
Afterwards, we'll get either the "return to normal" or a Bump and Run Reversal bubble pop pattern, one that will also come fast and strong, so that everyone can buy back higher and have the happy heading into the U.S. October Midterm Elections.
Thus, I believe what we'll see VIX print is 72. It won't be as bad as COVID, and it will come up short of bear expectations and isn't going to break 2008.
But it's also going to be a lot more scary than the '15 and '18 corrections.
You might think to yourself that VIX 25 is too far away for this to happen so quickly, but the '15 and '18 runs to 50 all happened inside of just three daily candles.
If you were getting long during this two month bear squeeze and didn't dump mid August highss, you really need to ask yourself why you have such blind faith in this Ponzi.
Why do you think that you're still in the old situation where you can mash buy on SPY or QQQ or TSLA and AAPL and watch it go up in a straight line and make new highs every day without having to think or worry one bit?
That's not where we are in the diagram, and it's not the situation the world is facing. The world is in a lot of trouble. Humanity's future is in a lot of trouble.
And because of this, you're going to be entertained and placated with both a crashing market and then a mooning market, so that you can pay attention to the establishment narrative espoused on Bloomberg, Zerohedge, Reddit, Fintwit, and from 20-year-old charlatans on YouTube who make their money from ad revenue and not from trading.
And the purpose of all this is to distract you from the real meaning of your life, which is to prepare to cultivate yourselves and to prepare to return to tradition as the Chinese Communist Party is eliminated in the imminent future.
Once VIX is at 60, stop shorting and stop buying puts.
UVXY and ETF ShortIt's high time we accept the new reality of the inverted reality. The week of July 25th was perhaps one of the most volatile in a long time. Why? We had CPI report, earnings, and Fed Rate Hike.
What did volatility indecies like UVXY do? They sold off. It doesn't take too much logic and common sense to see something egregiously fraudulent is taking place when companies miss earnings, and their stock price rally. Or, in the grander scheme of things, horrible economic data sends markets rallying.
At this point, the market has become a literal casino gambling machine with luck, not technical analysis, economic data, geopolitical issues, trends, patterns having ANY influence. It's simply a yes or no by someone or some people at the top who dictates the move of the market.
I believe now that retail investors are at their smallest ownership of equities, the volatility index and ETFs like UVXY no longer really apply. Why? Institutions, computers, and algorithms can not panic or feel fear, only retail investors aka human aspect can. This is why you no longer see significant sell offs when there is bad news like a possible Taiwan invasion or conflict with the US.
So in conclusion, at this point, its best to get calls on pretty much anything. AMC, BBBY, Apple and others go up without reason. BestBuy stated they would see losses in Q3, and that rallied their stock. Nothing can bring this market down, so I wouldn't even be scared about getting calls, investing and waiting as your portfolio grows even in the worst of it. Perhaps actual WWIII would send markets to new record highs.
Short the volatility ETFs, UVXY, SQQQ, SDOW, SPXS, misc.. because they're destined to collapsed even if the world was on fire and there were 50% unemployment. I think the stock market is everyone's financial safety with no risks of losing money at this point.
COMMODITIES (OIL ) vs EQUITIES ( DIA)In this chart, I have plotted the ratio of the price of the USOIL ETF over the DIA, which is the broad ETF for the DJI.
The chart shows the USOIL ETF has been stronger than the DIA until the market lows in mid June after which
the DIA rebounded while hot oil prices cooled off.
The analysis would be is that oil prices may be relatively undervalued at present and so represent a potential
basement sale at a time when the federal goverment just approved a vast upgrade in oil leases on federal land.
If investing in big oil at this time ( like Warren Buffet) what stock or ETF trade would you be inclined to take? AMEX:USO
Bitcoin to 3.7k then 250k? Fundamentals extremely bearishThe stock market will crash, it barely down 2% from this local top of 4300, imagine it going to 2900 as bottom, around a 40% crash BTC will go down so hard it is not funny anymore, Michael Burry warned that previous crashes all had something similar in common, now this cycle has ALL OF THEM. Whats more people speculate on stocks that dont justify the earning, we barely dumped and BTC is already at 20k. Winter is coming and demand for oil and gas is going UP, the DXY will RISE. MT GOX BTC 150k. Whats worse we going to close first time history montly BELOW 200 WMA.
next top
dom 40%
btc market cap 53000 = 1t
40% of 12t = 4.8
53000x4.8 = 250k
TOP WAVE STRUCTURE AVG BEAR MARKET 120 YEARS OF DATA CYCLES We have now most likely seen the turn . we will for the most part have the Bulls staying it is a re test and a bear trap into this OCT . But it is not most of the rallies going forward until we drop in 2700 to 1890 on the sp 500 will at most be.382 to 50 % . The Battle between Inflated assets { Debt based } And Food costs due the Drought cycles and Population and coming default cycles . Did I mention the Baby boomers are at 26.7% of USA Population . and that this JAN 2023 SSA IS GOING UP A SMALL 9.8 TO 11.5 % . SO the standard of living of our children is about to break down . You will own Nothing and be happy !! . DID any of you think the war in eastern UKRAINE is about PUTIN . is is about RESOURCES NAT GAS and WHEAT aka FERTILE lands . The Water wars are set to begin . FARM LAND OIL N GAS and WATER are the only assets of VALUE . fiat money and Crypto are only used as a balance sheet . new home sale are breaking down due the steady increase of interest rates 40 year Bubble see Tulip mania and those who have a low rate are trap unable to sell as they would just be hot with the higher rates in the new purchase trapped as well as housing and stock prices over 120 of data we Always revert back to the MEAN..I have always lived by a few rules in investing my 40 plus years . 1] Never use debt in your life live well below your means 2] treat money like water in the desert 3 know that every Bull market is induced by the expansion of a form of DEBT and or the devalue of a fiat currency . to create employment to CONTROL the masses . see cares act 2020 expansion Money velocity to a total of 40 % of ALL money in US history . I learned at a young age from one of the riches men in the US from strong hands to weak and from weak hands back to strong on the CHEAP see 1907 1929 1973 2000 2007 2022 charts . I also asked him how do people get rich > He told there are two ways Inherit it and steal others people money .! he asked me what did I think So I said to him . then the simple life and man is the richest man for he does not want but to live a life of peaceful and simple for the GIFT OF LIFE n time are the true riches . I MENTION 1960 TIME VS NOW for GOOD REASON YOUNGEST USA PRESIDENT WAS LIGHT Till he Talked of the Secret Societies . That COVERT its citizens AND WAS SLAIN 3 weeks later . To Now The OLDEST US PRESIDENT A Time of DARKNESS AND DIVIDE AND CONTROL EVERYTHINK FROM WHAT IS A MALE OR FEMALE TO THE COLOR OF EACH OTHER SKIN FROM LAW N ORDER N PEACE TO HATE FEAR ALL . IN LATE 2021 I DID TELL YOU THE WAR CYCLE IS NEAR . 1917 10 % DIED in that revolution 1945 revolution 45 million died US CIVIL WAR NEAR 3% . And in Nov we will start to see a battle over the next two years with the Promises . this battle is Communism within the USA it is all based on the growth of the population exceeding. its natural growth and depletion of water . . remember this nov VOTE no matter what . if you DO NOT then stand ready to have everything you think cant happen in AMERICAN IS ABOUT TO . BEST OF TRADES WAVETIMER !!!
Heavy resistance at 0.012c - expect a short term reset to 0.0083I saw heavy sell orders in Binance around 0.012 mark. Though the sell orders aren't that massive - around 50 million LINA
BTC, SPX RSI shows overbought conditions, a correction is due, this will reset LINA too.
Though RSI shows bottoming process in LINA, the Huobi one is most accurate, because it was listed first over there. Actual price of LINA was 0.001 during listing but we went to
0.021 on listing day then 0.005, this isn't listed anywhere on TradingView.
The supply was three to four times less around 2021 Q1. at 40 M market cap we were around 0.04 price range, now at 40M cap we are around 0.01.
APY fluctuated between 80% at 0.10 and 160% at 0.005, now it is 95% at 0.001, which is still good fundamentally.
A bullish scenario for DIATake profit level: $333.
DIA is extremely liquid, with huge assets and a long track record. The fund's UIT structure is shared by a few other long-lived ETFs (like SPY), with the most notable effects being a slight cash drag since stock dividends received in between the ETF's distributions can't be reinvested as is typically the case.
DJI to $14,500 in July 2032?Do we revert to the 50 year mean in 2032? That would put the Dow at 14,500 in 2032 if the cycle repeats.
Found it very interesting that it was exactly 50 years to get a low & bounce from the Great Depression bottom.
Every mega bear market is different so IF this is the start of another mega bear market that takes us to the lower blue line on this log chart then I doubt it will be labeled "Great Depression or Stagflation".
Great Depression-Lasted 3 years
Stagflation-Lasted 16.5 years
Jan 2022-July 2032=10.5 years (16.5+3=19.5 years and then divide that by 2 and you could conceivably say 10.5 years of whatever we will call it does make sense from a timeframe perspective).
Either way, IFFFF we are in a mega bear market the chart won't look identical to either the Great Depression nor Stagflation...it will have it's own uniqueness and it's own name.
For now, I'm just looking for the open weekly gaps on the DJI to get cleared seeing as those have ALWAYS cleared. Open weekly gaps are at 28,495.05 and 24,718.46
US DOLLAR/ Dollar dips on FED hike viewThe US DOLLAR has topped out and now beginning it correction. This is very bullish/positive for US Stocks for a new "potential" indication set up for them to breakout on a impulsive wave up.
It had touched my previous forecast of 110 as my last target.
Federal Reserve will take a more aggressive approach in hiking interest rates next week.
Expectations for a 100 basis points rate hike by the Fed at its policy meeting next week stood at about 29%, according to CME's FedWatch Tool after reaching as high as 80% last week.
The Fed seems to be leaning more towards 75 basis points than to 100 basis points," said Jim Barnes, director of fixed income at Bryn Mawr Trust.
A strong start to the trading session for stocks on Wall Street fizzled out, however, as a drop in Apple Inc (AAPL) weighed following a Bloomberg report that the iPhone maker plans to slow hiring and spending growth next year in some units to cope with a potential economic downturn
TOP WAVE STRUCTURE I AM NOW 50 % NET SHORT DIA SPY QQQ and long VIX We are in a zig zag and a triangle patterns within the choppy phase see updated forecast a quote A up down up pattern will form before the wave 5 down or a larger wave B into a low 3588 to 3488 focus 3511 NO real change to this forecast There is NO more Bull market it ended
Adam and Eve pattern, target 118, resistance also there. Falling wedge above support, now about to reach resistance of 118, and also target of Adam Eve pattern. I expect a descending triangle after that.
This coincides with 10 year stock reset and 4 year crypto cycle. Time frame is a little bit too long, my excuses for that. I think from December 2022 till May 2023 we might see DXY finally going down. 2024 and 2025 is bull
NEW WAVE B LOW COMING 3588/3490 FOCUS 3511 So far the first leg of the bear market has come to an end we had a very clear abc rally for wave A up we should now see an abc drop into a new low at which time I will be going long once again the last wave gave us my 10 to 14 % based in the trow and qqq and perfect in spy target 393 . I have taken profits on ALL trades and will wait till july 5th . once the next shoe falls this will then see the next rally to 4110 to 4180 that will mark the summer peak then the CRASH WAVE into the week of OCT 4TH .THAT WILL BE THE LOW . BEST OF TRADES WAVETIMER ! GOD BLESS THESE UNTIED STATES
13k Q4 2022; Sept 2024 160k. analysis since day 1 of BTCThis is a very detailed analysis by Dia, I won't post till Q4 2022.
- I see believe in 4 year cycles, average bull cycle is 800 days, and average bear market is 400 days, the other 200 I called ''neutral'' days where market switches between them.
- Macro economics are very bearish , including stocks, more downside is definitely expected to keep inflation under control, SP500 is big bull channel ready to break down
- TOTAL crypto cap is 914 b, next support is at 755 and 455 respectively, current crypto cap will not hold and 50% correction is definitely on the table (ascending wedge )
- The entire 30 to 60k symmetrical triangle structure has broken down, I notice every time a support line of previous bull run is broken, the last one will become support (the dotted lines). This is a very ugly break down and if people say bitcoin is DEAD and they show this chart, they can be right for the first time in history.
- the 30k and 60k triangle can be manipulated into a falling wedge , that coinicides with Q4 of every 4th year of bull run being the bottom and support line from previous bull run touching there exactly to the point
-looking at rsi we still actually just entered bear market territory (monthly stoch rsi under 10), bear market is around 40 to 50% finished. Still have a year or so to go roughly
CURRENT STRATEGY
DO NOT TRY TO TRADE IT (I shorted FLM and UNFI and lost 76% of my portfolio in 1 month)! Between now and end of 2022, DCA in coins, tokens that you believe in and look strong. THIS IS THE OPPORTUNITY OF YOUR LIFE!
Some Sort of a Low (DIA...'The Dow')DIA has been the ‘tell’ so far in 2022. Recall that 295 was marked as a big number and Friday’s low was 296.39. Close enough! Friday’s low was right on the channel line and a hair above the 200 week average (thick red line). After today’s strong action, my view is that the long side is viable until further notice.
-Jamie Saettele
DIA Historical CorrectionsThis is a macro perspective on the cycles of DIA.
I want to focus on all time highs and the corrections that come after.
Currently DIA is sitting at about a 19% decrease from all time high value.
As the chart suggests, this market could drop even further. Don't be surprised if it does. These things happen.
BTC will bottom at 12k, accumulation 12k and 19k, 2025 135kIf we break 20k and flip it to resistance then we will indeed go to 12k levels, where there is big support.
This is possible from fundamental analysis
1. more rate hikes for about three quarters
2. stock market has not bottomed out, there is support coming in, though
3. borrow protocols like celsius and 3ac who needs to be liquidated
4. 4 year cycle respected
Adam and Eve inverted pattern is also very strong, don't underestimate it
TOP WAVE STRUCTURE STILL WORKING As we come closer to the end of the first leg down in the Bear Market . We are setup for a monster rally of 11 to 14% My last call was 5.8 to 10.8 and we popped 9.2 to 10.3 . The real crash is still into oct 4 th week That will be anywhere from 3250 to 2250 with the ideal target in the 2770 area . AS I FEEL THE US $ IS TOPPING NOW . BITCOIN i TOOK A LONG AT 23600 AND WILL ADD AT 18600