BG could head to $127.57 with a warningBG has been showing strong upside signs with moving averages crossing up.
We also see a potential Cup and Handle which strong upside to $127.57.
However, it's formed with a GAP... And as I've mentioned with many analyses, Gaps tend to close 70% of the time which could bring the price lower.
This makes this analysis a medium probability trade where I'd only risk 1.5% of my portfolio...
Nysetick
LEA Parallel SupportTwo double tops can be identified along the top line
A lower line plotted parallel to this curved line allows for a possible bottom point which coincides with 2.618 Fibonacci circle, which was seen as a level of support. This could also be marked as 0.
A middle line (0.5) hosts the bottom for another double top structure, lets see if the recovery pattern in green repeats
NYSE TICK - 1 hourBuying Pressure within Market BReadth is declining overall, while breadth is narrowing on
the Gamma concentrations.
We anticipate a decline setting up nearer term.
200SMA trap and gap on weekly closing or is more time required.
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Retail traders' juices are flowing again.
Gap and crap OR go baby go.
NYSE TICK - 15 Min Cumulative TICKProvides entry for Scalp in an expanding range with
severe management, no real panic in the Tick @ -1400.
Algos managing the decline to avoid a severe warning.
Buy the Dip and the Media's Mantra is wearing thin, so
Operators will control the Skid.
- 1000 Tick in Trade now.
- 1400 to - 1600 should provide a Low.
TICK - NYSE 1 HourA complete disaster all day for the US ECONOMY
aka the Equity Complex.
There are far too many depressing comments in
Traders Forums everywhere one looks - claims
of suicide, anxiety, severe depression...
Sad, very sad when people lose hope and it's
hinged to a bunch of Criminal Enterprises.
Unsure when the lesson is learned but apparently
the apathetic cheerleading has turned to Pom Poms
being lit on fire and hatred spewed without any
remorse.
It is, on balance, misdirected as the FED and its handlers
are entirely responsible for creating another Chase with
easy Credit and Ballooning the Supply of Idiocy.
F_cking amazing how the Party... it never ends until
it's too late for Pickle Juice to soothe the Hangovers.
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Swings attempted not to spook, that didn't work
as the Front Run of the ES and NQ's Price Objectives
for the 2/5 RT Fell very short today.
NQ didn't quite make it back to 16170, the Sell
prior to falling 600+ cumulative points.
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A very Weak RT at best.
We'll see where they close it, there is certainly ZERO
reason to attempt to Buy the Dip.
Far too much Risk as "Crashes" occur from Oversold Conditions
and we have those in spades.
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If 3/5 is indeed beginning, look for another 1200 Ticks to
be removed from NQ.
The FED's Policy error is in Full Effect.
Phones will be busy inside the Beltway this weekend.
The "safety" Bid remains Bonds as TLT finally broke it's
prior High to confirm, we are setting up a larger Sell there
as the next round of Prop $ beings to take shape behind the
scenes in DC.
What will they cook up this time...
We'll know the Bottom is in when the FED and DC begin to
phish for even more M@ expansion at an even greater rate
of change.
We're aways from there, by a long shot... patience there as
this Sell can run for a while longer, we estimated 2 to 3 weeks once
it began - it may take a breather, and go again, but it's clear the
overall Trend and momentum are completely Intact.
The Clouds supported this and we would need to see Price make
and attempt to return to the Trend CLouds which will be Charted
this weekend and updated so Trades know Where Price could return.
Commentaries will be updated tomorrow after 12 PM EST.
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There is far more pain ahead.
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Have a great weekend everyone, we're checking out for an early weekend.
VIR Double Falling WedgeAnalysis for VIR
Two falling wedges can be seen to have formed in this current down move
As in the previous down move, price temporarily moves out of the channel before moving back up
This is what's occurring now with this second falling wedge
I do expect a big break out at this huge support area
NYSE TICK - 15 Min Cumulative TICKSelling Pressure has been the order of the Day for the TICK.
We need to see -1400 to -1600 for a low Tick.
That is ahead on Panic.
The High Tic was another Entry into the Day's Trend
@ 10:30 AM EST
It was near the HOD for the ES YM NQ RTY a few minutes
apart on the 1 Minute Tick.
NYSE TICK for TodayRules are contained within the Chart Frame.
The TICK has ranged tightly for the TICK.
Usually, we see larger extremes beyond 1000+ TICKS.
Operators are attempting to Tamp Down VX while grinding higher.
ONLY TICK Extremes are to be bought or SOLD.
A new HOD Tick from 1130 AM EST to 1:30 POM EST can
indicate HIGHER TICKS WILL FOLLOW to 3 PM EST.
The Pelican remains the Pivot @ 3:05 OM EST
A new HOD TiCK will move Price thru HIghs @ 16428 for NQ,
4665 remains Pivot for ES
YM - DOA...
RTY DOA...
NYSE COMP DOA...
16472 is the .618 for NQ on High Tick
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B7
APPL + 2.60%
AMZN + 2.47%
MSFT + 2.41%
TSLA + 3.89%
NVDA + 4.61%
GOOG + 2.57%
GOOGL + 2.57%
FB + 1.93%
SMH + 3.30%
ES to NYSE TICKNYSE TICK provides information as to TIME and Potential Pivots.
Notice when the HOD TICK occurred.
+400 - 400 Ranges are the CHOP Zone.
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There are Independent TICKS for NQ and a host of other Indicies.
Learn to use the TICK for Entry.
WHEN WE SEE THE TICK DIVERGE.... IT IS VERY BEARISH
TODAY IS ALL ABOUT JERYY'S PABULUM.
THE MARKET IS CRASHING... MAKE NO MISTAKE ABOUT THE STRUCUTRE.
NYSE TICK for Reversal this Week / Entry Timing RT's
Timing Entry fro RTs
USE this indicator for entries into a Retracement Potential
intra-Day.
We will see a retracement this week, it is all but assured.
Pricer can head lower First, but we use the Time's Indicated for
Reversals.
A low Tick of the Day between 930 -10 AM EST is usually a good sign
Price will retrace up.
This should be on every Traders Micro Chart, it's been a while since
we've mentioned it.
Fro Reversals it's extremely reliable.