Nq!
The opposite Side Of A Wave-5 Rally - Plan BI received a question from someone watching my videos/research. The question was, "what is the downside risk for the markets if my bullish resolution fails".
So, I created this video.
This explains why the downside risks appear to be less than 35% right now compared to a 65% to 75% upside price resolution.
Still, using Elliot Wave, we can't be 100% confident in the true future of price structure or wave structure. All we can rely upon is Fibonacci Price Theory which tells us if price is currently Bullish or Bearish.
Right now, on this weekly chart, Fibonacci Price Theory suggests a bullish price trend is in place and recent Unique Low levels are the final defense of support (near $348).
Follow along to better understand how I see/use Fibonacci Price Theory in all of my research as a method of letting price tell me what to expect in the future.
The one other thing I would like to add is all previous market collapse events have aligned with cataclysmic economic events (9/11, Global Banking Crisis, Foreign Economic Crisis, Isolated Credit Risks).
Without some cataclysmic economic event happening, it is very unlikely that US markets would contract extensively without some impulse event. So keep that in mind as we move forward.
Follow my research.
SPY Cycle Patterns: Resolving volatility into March 2023This example video will help you understand how I use my predictive SPY Cycle Patterns in combination with traditional TA (Fibonacci and others) to prepare/plan for GAPS, trends, and opportunities for trading through the week.
I'm a strong believer that you don't need to trade every minor trend. Taking 2~4 good trades a week across one or two symbols is all that is required to be able to generate 50% to 100% profit every week (using options).
Just last week one of my friends used my SPY Cycle Patterns (and his own skills) to make over 700% ROI. It does happen.
Watch this video. Next week will be very volatile in my opinion. Once we clear the upper resistance level, we should continue to trend up to $435 or higher.
The burst of volatility will likely make for great trade setups - if you know what you are doing.
Follow my research.
SPY Example Setup For DaytradersHere is an example dual-chart setup for SPY daytraders.
I set this up to help my followers understand how to perceive price action as we attempt to transition through the $405 SPY Support level.
If my analysis is correct, we'll see a fairly strong reversion (upside) price trend as long as the $404~405 level holds.
This chart includes a number of TradingView PUBLIC SCRIPTS and a dual-chart layout.
Both Heiken-Ashi and traditional Candlestick charts are used.
Learn to better TIME/ENTER your trades and learn to use price structure/Fibonacci retracements to develop target levels.
Follow my research.
Nasdaq buyPeace be upon you, how are you, O merchants? There is a high possibility of a Nazdak market rally with the retesting of the canal. In the same place, there is the moving average 200 with a very positive candle. What do you think my friends
2/16 SPY Cycle Patterns, Fib, Flagging - Volatility into a RALLYAre you following my SPY Cycle Patterns yet?
If not, here is a list of the SPY Cycle Patterns for this week and beyond...
2/6/2023
2/7/2023 Inside-Breakaway
2/8/2023 Harami-Inside
2/9/2023 CRUSH
2/10/2023 GAP Potential
2/11/2023 GAP Potential
2/12/2023 GAP-Reversal
2/13/2023 Rotation
2/14/2023 Top/Resistance21
2/15/2023 Consol-210
2/16/2023 Inside-Breakaway
2/17/2023 Break-Away
2/18/2023 Carryover
2/19/2023 CRUSH
2/20/2023 Flat-Down
2/21/2023 POP
2/22/2023
2/23/2023 BaseRally301
2/24/2023 Harami-Inside
2/25/2023 CRUSH
2/26/2023 Bottom-004
Why are these so important? Because these SPY Cycle patterns help you understand how to trade intraday price swings and what to expect every day - going out weeks and months in advance of today's trading activity.
See the "BaseRally301" on 2/23 - that means the SPY should attempt to setup a base/bottom within the 48 hours spanning 2/23.
See the 2/25 CRUSH leading to the 2/26 BOTTOM - that means the SPY may be extremely volatile while attempting to setup/confirm the 2/23 bottom
Today and tomorrow are calling for an Inside-Breakaway & a Breakaway. My research suggests we may see a broader downside price trend establishing a Wave-D Flagging setup (near $405) in the SPY before we move into the Rally/Bottom phase near 2/23.
Watch my video and learn how you can use my research to become a better intraday/swing trader.
NDX is trading in Supply zone for 2nd week nowThe main resistance is at 12805 to 12900
There is an extension to 13500, in case it wants to extend.
Biden is travelling to Poland on the 20th, and it's a long weekend.
There are some rumours about Poland attacking Belarus before the 25th.
Something big is coming from now till July of this year.
This high in Feb/Mar might be "the high" for the year...
Have a great week
Stay cautious of a PEAK/TOP in the markets today.My SPY Cycle Patterns suggest the markets will establish a PEAK/TOP today - then trend downward.
I created this video to help my followers stay aware of the short-term nature of price in a reactionary price trend - like today.
If you are chasing this rally, stay very cautious of risks related to my SPY cycle patterns. Overall, I expect the markets to peak, stall, then trend downward over the next 48 hours.
Take quick trades with targeted profit targets. This is not a friendly market uptrend in my opinion.
I believe the $408 level is a likely downside price target for the SPY by Thursday.
Follow my research
NQ looking for a temp low on TuesdayWorking on my main SPX/ES update, so this will be quick.
Tomorrow am should produce a buyable low IMO followed by a good bounce.
From where I expect a first temp low by Tuesday, another bounce and down into the next week.
There is also a possibility of another move to above 13000 to even 13500+ in Mar time, but that was mentioned in my tonight's NQ/NDX update.
Have a good night
nasdaq 4 hour : if you have old sell you must you must hedge your old sell in 12300 area ,,,nasdaq after touch fibo61% can flyup to 13300 (see green fibo 161% on chart) 13300 is my upper target
scenario 2 = if big bad news come and nasdaq break big trendline and EMA200 daily (orange line) , it can go downer to 11600 , we must buy nasdaq above green arrow and hold them 10 day to new high =13300
prediction by me = in next 3 year we have bull market so i advice 90% looking for buy in deep and hold it to high
good luck
Tesla TSLA - The Bottom Is In, But It's Still BearishTesla has collapsed for five straight months, much to the delight of everyone who hates Elon Musk. To tell you the truth, I think Musk is something of a combination between a psyop, a Fabian, and a guy with some conservative values who wants to protect the happy life he has, but am not particularly a fan of his and don't trust him.
Regardless, the Mastodon socialists, the Reddit Marxists, and much of the supposed "liberals" just hate the guy because he purged the pro-child grooming pro-human trafficking pro-censorship communist old guard when he bought Twitter.
The way life under Communist Party rule works is this:
1. If the Party says you're good, you're good
2. If the Party says you're bad, you're bad
3. The Party is Great, Glorious, and Correct, and is always right
Thus, it really is self evident that it is time for mankind to sober up and eliminate the Chinese Communist Party's things from the areas outside of Mainland China. The Chinese people will soon deal with the CCP inside the Mainland, and Xi and the Party will be gone overnight.
The reason I bring the above up is not to get political or soapbox, but to point out to readers that when you get yourself caught up in these campaigns, you are going to bottom short and lose money because your vision is clouded and you're listening to a political campaign and not a professional.
I've seen so many people calling for $80 TSLA or for Tesla to go the way of Enron and collapse to zero in the next few months that it's actually both alarming and amusing at the same time.
The more your vision is clouded by prejudice as a trader the more likely you are to be one of those guys on r/WallStreetBets posting his 6 figure account that went busto buying $200k worth of short term $25 call options on Peloton, lol.
Black swan risks:
Because of the situation in Mainland China under the Chinese Communist Party as it faces the disaster of the Wuhan Pneumonia epidemic, Tesla and its Shanghai Gigafactory faces significant risk that could cause any successful long trade to endure a market-open gap down exceeding 20%.
For the reality is that the CCP has always been lying and covering up the pandemic situation. All its data and all its narrative are bogus. Really, the epicenter of COVID and a country of 1.5 billion people is posting positive case counts and death counts 95-99% lower than literally every single other country on the entire planet?!
The Party did the same thing during the 2003 SARS epidemic and yet nobody seems to have learned to not trust what that murderous regime says or the numbers it reports.
But you can't do anything for a fool who believes in the Marxist-Leninist atheism and evolution hoax and actually wants the genocidal CCP Red Dynasty in the first place.
The problem for Tesla is the Shanghai Gigafactory seated in Babylon is "our main export hub, supplying vehicles to most markets outside of North America," according to the Q3 earnings Shareholders Deck .
The Babylon Gigafactory has the capacity for three times as many units as Berlin and Texas, and even exceeds California's production capacity.
This is significant for longs because when the Communist Party falls, 6:00 PM Beijing time is 7:00 AM New York Time, and you won't like getting caught in the 1,000 point SPX gap down that the regime's collapse causes and what Wall Street does during that session as it runs for its life when everyone is caught off guard like they were when the USSR fell.
In my opinion, $108 in the last week of December was Tesla's bottom, evidenced by bounce back to $124 that happened Thursday and the strong weekly close to end the year.
However, for long-term Tesla bulls, this is a very bearish indicator, as evidenced on the monthly chart:
For long term bulls, you really do not want a stock to break a major 2-year-old bullish order block, which is exactly what Tesla did. It should maintain it and sharply reverse if there's to truly be another leg up.
There's a direct precedent for this principle on the Nasdaq NQ CME Futures, which did exactly this in March, had an impotent bounce, and has since not been bullish at all. Tech has just been a slaughter house with the exception a few days like November CPI.
Tesla gives you some greater clarity on the weekly candles:
What's strange about Tesla's price action is:
The triple top at $315 before it started dumping. This becomes a big target on a reversal.
The $414.50 ATH. Yes, this was pre-splits, but remember Elon is the guy who paid $5 4.20 a share for Twitter.
Breakaway gap/liquidity void at $263.55. These also become targets once the algo and its MM have achieved their downside objectives.
In my opinion, Tesla on the hourly looks like a pretty solid reversal with the gap between $113 and $118 potentially being a breakaway gap.
Another big factor to consider is that the TSLL 1.5x leveraged bull ETF has fallen from $27~ to $6 during this bear run.
A very likely and rational target for this to retrace to when it does go in the other direction is $10. This is a lot of upside and makes for a heck of a trade. TSLL also traded at double its average volume literally three times last week, with 15 million shares being traded on Dec. 29.
Someone had to be the buyer on those trades and they didn't buy so it can go to $4 so easily.
So here's some potential scenarios:
1. Tesla is extremely bearish but will retrace anyways.
If this is the case then $160 is where it should go and it should get held back at the last green daily candle that peaked at $160.93. Either way, this is a pretty good long from the $120s.
2. Tesla has achieved its downside objective and MMs will target short seller funds' buy stops
This particular outcome I regard with a high degree of probability. If so, $330 is exactly where it will go before it will die. This is an amazing long.
3. Nasdaq is about to bounce to 15,000 and Tesla follows a huge bear market rally to perform a bump and run reversal to $420.20
I have reservations about the realism of this outcome, but I definitely believe it's a significant possibility between now and April if a genuine 2008-style market crash is en route for humanity in 2023.
Things that won't happen:
Tesla will not continue on to $500 with a new leg up. Frankly speaking, we're standing at the end of the good times.
It's up to you what you believe. One thing I know is that people don't believe in anything until they see it, and then they FOMO or get scared and give themselves regrets.
But what I want to say to all of you is: if you want a future you have to "practice social distancing" and "hand sanitizing" with the Chinese Communist Party and all of that Marxist atheism and evolution junk.
You need to return to tradition and come to understand that it's no less than the Divine side of the Cosmos our Earth is seated and rotating in that brings a future.
The Chinese Communist Party is a demon that was arranged to destroy the human race. Whoever can't see this are the greatest morons.
Using Fibonacci Price Theory To PROTECT Your TradesProtecting Your Trades With Fibonacci Price Theory.
Learn to understand the BELTLINE range (50%) and why it is so important for structuring your trades for profit.
Not all trades will be successful - plan for FAILURE.
Planning for FAILURE = Long-Term SUCCESS.
Follow my research.
The rabbit-hole of knowledge I've amassed over the past 25+ years is deep. I could go on and on about different strategies, theories, concepts, and indicators.
What I've learned is...
KISS - Keep It Simple Stupid!
_ The IDIOT SYSTEM is often the best for new traders.
_ Use Multi-timeframes to confirm price trend/direction.
_ Use PRICE STRUCTURE as the core of all of your research.
Hope these help everyone out.
Pay Attention.
Part 2 - Fibonacci Price Theory on SPY 60 Min (Deeper we go)After 25+ years of research, study, and application of some of the most incredible trading strategies - I'm sharing one of the MOST IMPORTANT structural price theories with all of you...
The Fibonacci Price Theory.
The primary rule of the Fibonacci Price Theory is:
Price is ALWAYS seeking NEW HIGHS or NEW LOWS. Price is never NOT attempting to reach NEW HIGHS or NEW LOWS.
Let that sink in for a minute.
If you knew price was always attempting to establish a trend, or continue a trend.. how would that change your trading/investing tactics?
What if I showed you how I use Fibonacci Price Theory? And how YOU can use it to further your own trading skills?
Here you go, A 60 minute SPY chart where I'm applying the basics of Fibonacci Price Theory to the current market price rally.
If you've ever wanted to learn the TRUE CONSTRUCT of price - this is it.
All other technical analysis techniques (Elliot Wave, Indicators, & others) are constructed from PRICE.
Price is the Ultimate Indicator.
Pay attention and follow my research.
Learning Fibonacci Price Theory - MUST WATCHEven though I got cut off after about 25 minutes, I'm sharing this with all of you to teach you how to use one fo the most important PRICE STRUCTURE features for any chart
Fibonacci Price Theory.
The consensus of all TA is that PRICE tells us everything.
Fibonacci Price Theory is the REAL DEAL.
Use it on a 1 minute, 5 minute, 60 minute, or Daily - ANY TIME-FRAME
Use it in conjunction with other TA/Indicators.
Use it with Elliot Wave analysis.
USE IT.
My experience is that all indicators/theories/strategies have strengths/weaknesses. If you are not aware of them (yet) - pay attention.
Follow my research and I'll continue to try to share tidbits of advanced TA/Fibonacci with you.
I created this to help my followers/friends learn one of the most critical price structure components of my own research. I see all price charts in the manner I've illustrated in this video.
After more than 15 years of applied Fibonacci Price Theory/Structure - I can't help but NOT see price as "Fibonacci Fractals".
Hope this helps.