The region highlighted on this chart is a bearish region. It will be key to future PA, close above it and we'll see new highs, fail to close above it will result in sell side liquidity to be taken. Don't take this as a financial advice. only my 2 cents on it
In my recent calls, I have made predictions for Apple to set new all time highs, Tesla to print at least $250 again, and Nasdaq to 14,000. However, whenever price action fails to follow suit with expectations, one must revise, revise, and revise again the situation at hand. With this week's price action topping on Tuesday after what should have been a...
Something I am aware of is that traders get trapped primarily because they get laser focused on one specific side of the market and one specific price target. This happens either because of greed in wanting to get it allllllll from a winning position or simply being caught underwater. Amazon, a formerly $1+ trillion company by market cap, lost 30% of its value...
The truth is that a difficult market will forge a trader (assuming you stay solvent, lol), whereas markets like the 2020-2021 bull run, which everyone so desires to reappear, do not. There is nothing to achieve by buying calls at literally any point, whether high or low, and watching it immediately turn green and run for days. Of course, a lot of people still...
Before we begin, to substantiate what I'm about to say, I would suggest everyone blow 8 minutes watching this video . Professional bull riders attempted to ride Asteroid 76 times. Asteroid bucked off and stomped professional bull riders 71 times. You should know professional bull riders aren't some Cletus-style hicks. These are professional athletes in very,...
After observing recent price action in addition to the sentiment in trading communities and Twitter, I've been doing some hard thinking about the notion that we are now in a bear market. All the fundamentals say that there's such and such skyrocketing debt, food crisis, inflation, energy crisis, Europe crisis, currency crisis. And all of these fundamentals are...
The more I observe price action and the more I analyze charts, the more I feel that although the markets are absolutely primed for a major and inevitable correction towards the pre-COVID highs, which for Nasdaq and SPX are far under the June lows, we're on the cusp of a preceding bear lynching. In my recent SPX call, I had forecasted a trip to the 3,8xx range...
After yesterday's Sintra Pow Wow, the realization of the Globe being tossed into a greater Depression solidified. Spray Tan Princess, Orange Julius Ceasar spoke out from all sides of her mouth. Lips moving... more lies. Jerry, yeesh... even worse. "We didn't see the Frankenstein we created." Sure ya did, all by design. 85.6 Weeks to go to lows.
Goals 15, 14. Invalidation at 19. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the...
The NQ has been in a Vertical move most of the past two decades. Toss up a Monthly chart from 1966 onward, an amazing run. Its' not over IMHO. _____________________________________________________________ We'll drill into the granular for NQ/NDX for larger Supports and entries into 5/5 IT for as they arrive... for now, let's go retest the Lows and...
Momentum has reversed to SELL. EMA's are now in Steep Negative Slope. Lows for Day's 7/9 and 8/9 confirm the loss of Momentum. Larger TF's - 4Hr and Daily will provide important Supports @ 8, 15, 21 34 & 55 EMAs will provide indications to the trend in the upcoming Commentaries. ____________________________________ At present, the 8 Fib Sequence in the...
As the VXN and VIX are targeting Higher... The Indices will continue to struggle. YM has not closed below 35035 NQ has not closed below 15526 ES has not closed below 4441
NASDAQ100 SHORT POSITION IDEA FOLLOW ME