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SPXS - SPY Hedge Bullish - Shakeout Before BlastoffChart Details Small pullback today. Bullish EMA cross and Bullish 10Week Cross stacked up. Very close to crossing will confirm bullish trend. Gap fills to $15/$16 conservative estimate. Weekly trend confirms bullish trend. RSI on Weekly confirms pattern breakout. Stop $12.50 Target $15 About Me www.moneypatterns.com Options Strategies, Video Technical Analysis, Instant Alerts, Specific Options Order Entry Details, Daily Updates, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area! Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts and on www.moneypatterns.com
AMEX:SPXSLong
by MoneyPatterns
3
SPX – Bearish Trend on Weekly – Finally HereChart Details 4HR view shows heavy sell volume and bearish EMA cross. Weekly and Daily view both show bearish trend. Most important Weekly – bullish trend since Sept. Bearish EMA cross on Daily should confirm at 3250 Target for exit 3191 Watching RSI around 46 for exit bearish, enter bullish About Me www.moneypatterns.com Options Strategies, Video Technical Analysis, Instant Alerts, Specific Options Order Entry Details, Daily Updates, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area! Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts and on www.moneypatterns.com
OANDA:SPX500USDShort
by MoneyPatterns
2
TGT - Gaps to Fill Down - Earnings Miss - Trade Cautiously Waiting for confirmation break of white trendline to enter bearish. Trade Entry Will update with specifics once trend breaks. Chart Details Earnings miss on TGT caused gap down, almost filling top gap in chart. Other large gaps down to $73. Bearish EMA cross and bearish 10WeekMA price cross, but price still in “fakeout channel”. Must confirm break of channel to indicate entry for downtrend. About Me 2 WEEK FREE TRIAL MEMBERSHIP UNTIL 2/15/2020 www.moneypatterns.com Options Strategies, Video Technical Analysis, Daily Updates, Subscription Memberships, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area! Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, SHAK Bullish, MCD Bullish, LEVI Bullish
NYSE:TGT
by MoneyPatterns
3
DIS – Pattern Failur and Bearish Gap Fills Trade Entry Jan. 31 expiry. 142/147 Call Credit Spread. 73% POP. $2.50 Credit or more. $250 risk. $250 reward. OR Jan. 31 expiry. 143/148 Call Credit Spread. 67% POP. $2.50 Credit or more. $250 risk. $250 reward. Stop is $148. Price above this and trade is invalid. Chart Details Bearish ascending wedge pattern. Price fell out of pattern. Bearish EMA cross and Bearish 10WeekMA price cross. Multiple gaps to fill down to $118. This would be a good long entry once downward momentum stops. Daily and Weekly trends both just turned Bearish. Daily RSI trendline is indicator to exit bearish trade mentioned. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Website will be ready for launch mid-January 2020. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, MCD Bullish
NYSE:DISShort
by MoneyPatterns
5
SPXS – Bullish Breakout – Any Day Now… Trade Entry Anything at $12.80 or below is a great entry price as hedge. I am putting some wishful orders in the $12.34 area and below just in case. Chart Details Banana pattern almost at end. I think the last Daily Bullish candle gave us a better contact point with $12.59 low. The current downtrend without significant uptrend has occurred over 3 months. Overdue. Gaps to fill up to $17.40. Bullish EMA Cross and price crossing 10WeekMA will confirm uptrend. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Website will be ready for launch mid-January 2020. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, MCD Bullish
AMEX:SPXSLong
by MoneyPatterns
7
ACB – High Probability Bearish EntryTrade Entry Before Earnings - Feb. 7 Expiry. Call Credit Spread. 1/3 Strikes. Credit of $0.75. Risk $125. Reward $75 After Earnings - Feb. 14 Expiry. Call Credit Spread. 1/3 Strikes. Credit of $0.87. Risk $125. Reward $87 Either strategy POP – 85.5% While the Risk/Reward is not 1:1 or better (as preferred), sometimes these higher probability trades means giving more risk for higher probability of success. I will place an order for this trade Monday. I will update if trade is entered (filled). Chart Details Recently filled gap, but Bearish trend is not finished. My opinion – Downtrend in control means lower gaps filled unless white trendline broken. Stop at $2. Gap to fill at $0.34 may not get filled, but price should head towards $0.90 gap fill. Under $1 for long enough and de-listing may cause FOMO causing price to head back up towards $3.50 gap. Bearish entry until downtrend is broken or gaps are filled. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Website will be ready for launch mid-January 2020. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, MCD Bullish
AShort
by MoneyPatterns
8
UNH – Short-term Bearish Entry - One Week HoldI will be placing an order with specs below on Monday. Trade Entry Jan. 10 expiry. 285/290 Call credit spread for credit of $3.25 or more. Max gain is credit received $325. Max loss is $175. Exit before expiry. This trade will end before earnings. One leg of this trade is 78% POP. Other leg is 57%. Total probability of profit is 70%. Good. If UNH closes on 1/10 below $285, the full credit $325 is kept. Stops - If price goes above $292 this is invalid. Exit - 50% profit or greater. Keep to expiry if everything still going down below $285. Chart Details Almost a double-top ($2 difference). I consider less than $1 difference true double-top. Bearish EMA cross and bearish 10WeekMA cross will confirm downtrend. Pattern may go down to fill gap providing other entries. I am not sure how UNH will act around earnings, so trade will expire before earnings. If earnings are negative, we can continue down. If earnings are positive, we will have a good reference point for bullish entry. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
NYSE:UNHShort
by MoneyPatterns
SPXS - Banana Pattern Getting BullishTRADING ACTIVE Options were closed when stops were hit. Stock is kept as better entry. More resistant to market whipsaw (no time issue like options). Chart Details Banana/Shoe pattern is repeating. We are at the end of current pattern. Expecting gap fills up to possibly $17+ Bullish EMA Cross (at $13.70) and Bullish 10WeekMA cross ($14.60). Over both we are confirmed Bullish. I would be watching exits as this moves quick. Fractal shown is from similar pattern where Daily candle had topping tail wick, followed by larger green Daily candle on next day. This indicates the turn to me. Entry Options I would continue to add in this position under $12.90 if we get into end of pattern. Otherwise I am waiting with current position. Stop loss at $12.70 – although I will probably hold past this. SPXS will pop and cover up-gaps. Side-note - GDX and Gold are both turning bullish which (to me) is a secondary confirmation of incoming market correction/pullback. News: - I haven't watched either but RealVision is excellent with sources. 1/1/2020 - John Bollinger Interview (Debunking False Assumptions) www.youtube.com 1/2/2020 - RealVision Finance "WTF is going on in the economy" www.youtube.com About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
AMEX:SPXS
by MoneyPatterns
10
SPXS – Few Days Chop Before Bullish BreakoutTrading active in SPXS. Entry at $13.10 or less is great entry for 1 month hold max. Trade Entry I recommend using Dollar Cost Averaging to scatter orders under the $13.10 mark. Chart Details SPXS fractal holding from previous chart. Fractal shows we will have few days chop sideways before pattern breakout. Last fractal did not fill pattern, so I expect we do not get down into the $12.75 area. Many gaps to fill going up to $17. Price break of 13.66 confirms EMA bullish cross. Price break of $14.31 confirms SPY should start pullback/correction. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term. Previous SPXS Chart
AMEX:SPXSLong
by MoneyPatterns
2
SPY – Repo’s Barely Working AnymoreAlert set at $320.09 for break of previous low (confirmation of bearish trend). Currently active in SPXS as bearish entry. Trade Entry Bearish entry below $320. Stop is Daily high 2 days previous $323.64. This is not ready for entry yet IMO. Need to be careful here with artificial money coming into market with Repos. www.newyorkfed.org Chart Details SPY has been ready for downturn. Every day there is a Repo, there is either stall or reversal. Repo’s run out on 1/14. I think we are seeing an end to bullish SPY trend as the liquidity stops. Price broke white trend on Dec. 30. Fed Repo injection on Jan. 2 (market goes up to ATH’s). Price working in pink channel until tips over to break moving averages. Below $314 confirms 10WeekMA. The higher we go, the more likely the 10WeekMA cross is likely to occur. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term.
AMEX:SPY
by MoneyPatterns
9
AAPL – Possible Double-Top and Bearish Trend CorrectionWaiting for bearish EMA Cross or $281 to enter bearish Note - AAPL heavy market cap in relation to SPY should be watched for overall market correction. Trade Entry If we cross $281, I would verify EMA bearish cross and look for bearish Call Credit Spreads 14 days to 30 days out. Collect credit for options which you think will expire worthless as price falls. I will update with specifics if/when I enter. Chart Details This could be the possible correction in AAPL we have been waiting for after over extended run. Multiple gaps to fill. More gaps further down. Last two Daily candles closed at almost exact same price ($300.58 and $300.60) double top. RSI is turning down showing trend may be reversing. Trend dots on Daily view confirm possible bearish trend confirmation. Next Weekly view trend is bearish. I will update if Weekly trend confirms. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
NASDAQ:AAPL
by MoneyPatterns
ZG – Bearish Entry to Gap Fill DownWaiting to enter position on Monday Note – ZG earnings are on 2/10/2020. I apologize for the Bitcoin video earlier today. Microphone issues. Issue will be fixed by Tuesday with mic. :) Trade Entry 1. Short stock (not my preference) 2. Bearish Call Credit Spread – Collect premium for options that expire worthless. A. Jan 17 expiry - 40/45 Call Credit Spread - $3.65 Credit or more received. Max loss $135. Max gain $365 (credit received). B. Feb 21 expiry - 40/45 Call Credit Spread - $3.10 Credit or more received. Max loss $178. Max gain $307 (credit received) Chart Details Price hit resistance inside current wedge pattern. Should head down to fill gap at $34 with support at $29. Daily trend bearish. Weekly trend about to turn bearish. Bearish EMA cross on Daily at $43.16. One we get bearish EMA cross and 10WeekMA cross at $40, downtrend will be confirmed. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
NASDAQ:ZGShort
by MoneyPatterns
SPXS - Bullish Confirmation on Daily YesterdayTRADING ACTIVE IN SPXS Chart Details SPXS confirmed Buy Signal on Daily yesterday. Gaps to fill up to $17.50. Bullish EMA cross will occur around $13.94. 10WeekMA cross around $14.60. Anything above $14.60 should confirm Bullish trend up to gap fills. Price may stop at each gap fill – watch to exit if reversal occurs. RSI turned Bullish. Trend Dots confirm Bullish trend on Daily. I will update if Weekly view also confirms. Entry Options I am entered in the Jan 17. Expiry, 12/17 Put Credit Spread. $3.83 Credit received. Breakeven SPXS at $13.17. Max loss $117. Max gain $3.83 About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com and will be updating my username here. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term - GDX Bullish, SPXS Bullish, SMH Bearish
AMEX:SPXSLong
by MoneyPatterns
14
SMH - Short-term BearishTRADING ACTIVE Chart Details SMH had sell signal on Daily yesterday. I entered trade but did not post. Waited for trend dots to confirm. Trend dots confirmed bearish trend very end of day. Gaps to fill below down to $111. Weekly RSI trend is about to breakdown. Daily trend dots confirmed bearish trend. I will post a Weekly view chart for SMH when trend confirms Bearish weekly view. Entry Options I am entered in the Jan 17. Expiry, 140/145 Call Credit Spread (Bearish bias). $2.48 Credit received. This trade assumes both 140 & 145 Calls will expire worthless with SMH below $140 by Jan 17. Total credit is kept as profit. Max gain and max loss both approximately $250. Average POP around 65%. Not the best. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term - GDX Bullish, SPXS Bullish, SMH Bearish
NASDAQ:SMHShort
by MoneyPatterns
BABA - Short-term Bearish Entry Before Bullish ContinuationI AM NOT ENTERED IN THIS TRADE Waiting on Weekly view Sell Signal – which will trigger with price below $210.73 Chart Details Sell Signal on Daily View on 12/30. Overall chart pattern is bullish breakout of wedge. The next bearish trend will be short-lived. Trend Dots show next Weekly trend is Bearish. Exits- Since BABA is overall bullish, I would exit at EMA’s around $190-$200. $190 would also be good long entry (I will examine further/post if this occurs). Entry Options Looking at 1/10 Expiry. Call Credit Spread. 215/220 strikes. Market closed risk/reward looks weird to me. $130 Reward for $380 Risk. POP is 72.5. Maybe because of high probability of profit the risk is higher as profit is more guaranteed? Not sure. But I prefer 1:1 or better risk:reward. Must exit before expiry. Hold maybe a week. Exit at 50% profit, gap fills, or your risk tolerance. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com and will be updating my username here. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SMH Bearish, SPXS Bullish
NYSE:BABA
by MoneyPatterns
2
QQQ - Longest Run - History Shows Doesn't End WellI AM NOT ENTERED IN THIS POSITION. I will update with possible entries. Looking out to entry next Monday or Tuesday possibly. QQQ is at the "longest run" its had in history. This is when I start looking at bearish entries. Matter of time to downturn. Fear and Greed Index at 93 money.cnn.com Chart Details We are off the rails with QQQ - going into outer space on 1 trendline. Typically this does not end well. Gaps to fill to $200. White support would be entry long or exit for bearish entry. RSI is almost at ATH's. Today's RSI 80.5. All time high was 84. RSI and Daily/Weekly trends are all in danger zone based on past history. Entry Options Potential of 5-9% downside looks good for options entry. Most likely bearish call credit spread. I will update with specifics once I review all charts. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com and will be updating my username here. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC.
NASDAQ:QQQ
by MoneyPatterns
SPY - Minsky Moment coming?I AM NOT ENTERED IN THIS BEARISH POSITION...YET. I will update with possible entries this morning after reviewing chart ideas. Entry updates will be made at once on all charts when applicable. "A Minsky Moment is a sudden collapse of asset prices after a long period of growth, sparked by debt or currency pressures." Named after economist Hyman Minsky. This theory was co-written with a Nobel Prize winning economist. So basically 2 college professors - 1 of which is Nobel quality. www.google.com The current market conditions represent a Minsky Moment by definition. Current Fed Repo's still continuing to 1/14/2020 - www.newyorkfed.org Chart Details Reversion to the mean 10WeekMA - SPY would be $310 or below. Lots of gaps to fill down to $295. Very good profit potential for options entry. Price has potential to correct down to blue line - long term support. Watching RSI trend breakdown as one key indicator for entry.\ Bearish EMA cross below $320 Daily candle close should get us over the hump - going down. Will update later to confirm. Entry Options We have large liquidity and high downside risk. Since things are uncertain, I see two options. 1 - No risk. No reward. Wait until Jan 1 to see if things go down, or continue up. 2 - Enter small size call credit spread for bearish SPY or anything else bearish like AAPL possibly by next Tuesday. Market is closed on Wed. 1/1/2020. By 1/2 either we get right/lucky or get screwed out of max $200ish. I will need to find exact specifics of entry after reviewing charts. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com and will be updating my username here. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC.
AMEX:SPY
by MoneyPatterns
SPY - Santa Claus Rally - Bearish Entry PossibilitiesTHIS IS NOT READY. I will update once there is an entry. Keep in mind - Markets close at 1pm today. EARLY CLOSE A Santa Claus rally is a calendar effect that involves a rise in stock prices during the last 5 trading days in December and the first 2 trading days in the following January. www.google.com Based on Santa Claus rally, we have a 76% chance of the definition occurring above. Jan. 3rd is the first Friday of 2020 (options contracts and therefore volume occurs highly around Friday's, especially first/last Friday's). So I will be a watcher/seller of bearish call credit spreads above SPY price watching all next week, for entry on way down once it starts to tip over. This is one where we need to watch play by play. It could rally further in January (with January effect). It is also very overbought and ready for correction. We will not attempt to get in front of the trade. We will wait for confirmation to avoid losses. My Opinion For those who think "Everything is great. What are you talking about jbird??? RSI at 80 for weeks is normal". Please see - Visualizing the National Debt - howmuch.net And - The Purchasing Power of the USD over last 100years howmuch.net Then answer - How are things "the best ever" when the value of the US Dollar is at the lowest point in history, headed to 33% further devaluation over next 20 years, with National Debt exceeding $22Trillion (highest ever)? What is "the best" about this? Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long BTCUSD, GBTC. Short-term NFLX
AMEX:SPY
by MoneyPatterns
3
AAPL - Weekly View - Waiting on Pullback EntryTHIS IS NOT READY FOR ENTRY BEARISH IMO.....YET I will update once I enter or see a position entry upcoming. AAPL Weekly RSI is 84. Extremely overbought. Weekly bullish trend has remained bullish since June. Angle of price around 45 degrees is not sustainable at this time length. It's simply gone on too long. With gaps to fill down to $99, there is significant downside risk although I don't think we fill all these gaps necessarily. The blue line support is log resistance with multiple points of contact. Price has currently exceeded log resistance, which is the reason why its "in limbo" above price currently. EMA cross is currently around $247. But this can change, since its exponential average. If we get below $247 close on a Daily candle, this should signify the bearish EMA cross to confirm downtrend. The 10WeekMA is around $260 which is also a suitable entry point for bearish bias. I understand AAPL has some high price targets in 2020. I simply find it fundamentally irresponsible at this perspective to be bullish on AAPL. I am bullish on AAPL long-term as a company and consumer product/service provider. Here is the AAPL Outter Space Chart. Although the log resistance has been exceeded with the Fed "not QE" fomo rally. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long BTCUSD, GBTC. Short-term NFLX
NASDAQ:AAPL
by MoneyPatterns
2
SPY - Update - 50% Chance of Correction in 2020Bloomberg article from yesterday sees 50% chance of correction in 2020. www.financemesh.com Current Daily trend shows we may get to 3300 before downturn. RSI trend should indicate when uptrend is broken. We have a RSI high on 92. If we get close to this, get short positions ready. I plan to be playing 14 day entries for options put contracts, or call credit spreads (which is bearish bias). I will update once trend changes, entry's can be located (waiting for best time/price), or news emerges. Please let me know if anyone wants an update before then. My opinion The market may have convinced the unsophisticated investor to put money in at ATH's, which means we should see downturn soon (top of bubble possibly). RobinHood saw massive uptick in customers signing up for "fractional shares trading". www.cnn.com These people apparently forgot that RobinHood gets 40% of its revenue by selling customer orders to other companies who front-run orders (taking customer orders and selling around them to make money). www.cnbc.com China Deal - NO SIGNATURE President Xi is skipping the meeting in Davos where they were supposed to sign this Phase One trade deal. No news reporting this on TV. www.scmp.com SP500 is being told on media as up 30% in 2019, but in reality is only up 10% on a rolling 12-month period. 3mins 43 secs - www.youtube.com Another $35 Billion minimum scheduled for Repo's tonight. www.newyorkfed.org Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long BTCUSD, GBTC. NFLX -shortterm
AMEX:SPY
by MoneyPatterns
14
NVTA - Bearish - Monday Morning IdeaNVTA recently formed a double top. It looks like the pattern formed a bear flag after the double top. It just broke the consolidation of the bear flag and is continuing down. Trend just turned bearish on the Weekly view. To me this indicates I can enter the trend that started, rather than try to get in front of a trend reversal. If I get on these, I will probably hold options for only a week (put spread or call credit spread). NVTA options are only available as monthly's. I will update if I enter position. Exits If price goes above $17.93 (white resistance downtrend line) 30% profit or greater Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long BTCUSD, GBTC
N
by MoneyPatterns
AAPL - 4Hr Sell Signal - Bearish Trend Coming - 4hr, Daily, WeekAAPL had a selloff this morning which was erased by the Trump tweet "we are close to China deal". Funny how this is timed right at the market open. Trump and his buddies wanted to get in on some more cheap Puts before market goes down. LOL Moving average is coming for this like a shark. There is no Trump savior at this point. 4Hr, Daily, and Weekly trends are all about to flip bearish. If 4Hr flips bearish, this will carry to the Daily and Weekly. Since AAPL is a big part of SPY, this is the reason why price jumps and sinks together. The point to jerking everyone around like this is to make us emotional. Emotional people make unreasonable decisions. Tune out your emotion. Follow the math and moving averages in the pattern. It will show you the way through the fake news. Daily view from yesterday. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL
NASDAQ:AAPLShort
by MoneyPatterns
6
SPX / SPY - 30Min View - Morning Update30Min view of SPX shows we stayed within the current wedge pattern for the most part. There was a small increase above the resistance line which moved the tip of the pattern back by 7 hours. (I don't think this is big deal) 10WeekMA is coming from below like a shark. IMO we have less than a week before SPY/SPX turns down. News - Steve Bannon was on CNBC this morning (video not up yet). He said Trump will "Drop the hammer on Sunday". Referring to tariffs. I will update this article if/when CNBC uploads on their YouTube. Daily view from yesterday Weekly view Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL.
OANDA:SPX500USDShort
by MoneyPatterns
1