The chart posted is the Sox index We should find support 4588 to 4496 for wave B low and then see a final wave C up before we the BIG decline . As long as we hold 4480
July 11 is the same date as Trump Sentencing date The spirals are ALL from peaks . I would tend to think This is a date we will see real issue at each one of these dates the markets began declines . Even thought I will be moving back into march 2025 puts rather soon if we are in any rally into this date I will most likely be 100% long PUTS
NASDAQ:INTC has hit the 1st level. We are being strategic and locking in some gains. We are over 10% profit mark in a few days & Intel is above the gap fill area, which was the 1st tranche of selling. Still have a good sized position and wrote covered calls on 1/4 of the position. NASDAQ:SMH NASDAQ:SOX
Some industries are notoriously cyclical. Semiconductor is a prime example. It swings to the extreme on both bullish and bearish sides. While the industry is in a bull run, investors can still participate in its rise but with caution. The PHLX Semiconductor Index (“SOX”) is a modified market-cap weighted index. It is composed of semiconductor firms involved in...
The semiconductor index has been one of the best performing areas of the market over the last few quaters, and has continued to be strong since the late October bottom. The index is coming into overhead fibonacci resistance, and with weakening momentum starting to show up, similar to July last year, a pullback here looks likely. It seems hard to imagine with...
head n shoulders target has been seen the pattern in the sox and amd have reached the projection
The bullmarket in Sox has reached the 5 th wave TOP as model gave me a new high from oct 2022 as it dropped in clear e wave to perfect fib relationship .50 .618 and 1.618 right at the lows I see this Bull phase Completed see charts 2000 rally phase
The chart posted can now be posted and the ew labeling we have now ended or will end wave 5 of 5 of wave 3 top and begin a sharp drop in thr sox and smh back down for a week or more in wave 4 of 5 of 5 then The last wave up will end the rally from oct 13 th 2022 in super cycle degree and we will then see a drop back to .382 to 50 % from 2009 once more in...
Trendline to watch!!!! Indeed, the “SOX” semiconductor index, known as a leading indicator, seems to be showing signs of weakness. Although it has returned to its uptrend line, we can still be wary of Wolfe waves which indicate a possible breakout. Not to mention that major components like “Intel” or “Nvidia” are either very high and overvalued (Nvidia), or have...
the chart posted is the spy we dropped in an abc decline into the sept 21/23 panic cycle it has the world so trapped in PUTS see 20 and 10 and 30 p/c I am 100 % LONG 4731
looks like this has a couple of months head start of how other issues are played out
Quite a bull run, last week we hit the Point & figure (P&F) target of 443 set long ago. The current run appears over-extended, being at the top of the channel set from the October 2022 low to present. Also, the RSI(9) on daily and RSI(12) on weekly (neither shown here) are overbought. The B to C run at 1.68 % extension also is showing some excess over the...
After taking out the October and November lows, QCOM has surged to activate a Fake Break Down reversal pattern, as well as an odd looking island reversal pattern, leaving behind almost the entire month of May's trading days. It might need a breather here as it runs into some short term resistance, but I'm long.... 🤷♂️
I'm updating my prior SMH weekly chart, since we had a 2 for 1 split in SMH last week and it totally messed my chart up. Key points (dates are all weekly): 3/27: 131.79 (most recent peak) 4/24: 118.57 ( most recent low) -10.03% off the peak 5/1 close: 124.38 -5.6% off the peak Gann confluence line 1: 121.71 -7.6% off peak Gann confluence line 2: 114.46 -13.1%...
Semiconductors finally showing some topping pattern, amidst topping RSI (12) that failed to reach the high 70 channel and a shrinking trend of volume. In effect, weakening momentum. The first level is 244.71, which is a Gann confluence and also a prior pivot (left yellow circle), and is a 7.1% decline off the most recent peak of 263.57. This would take it to the...
Traders, In this video I discuss my stance on NVDA and its relative NVDS (-1.25 Bear Directional ETF). I also discuss some other bearish patterns I am seeing on the charting. This will be my last video on Trading View Unfortunately. Good luck out there everyone. OVER AND OUT
Iam posting the chart as a new Warning to All traders I see this as nearing it s end . I will state if this wave structure turns down from the time window we are entering into my panic cycle May panic and panic low june 16 to the 23 th 2023 is the next spiral as stated jan 20th 2023 forecast . the Importance of the march 13 /23...