I am waiting for price to drop to the 3.5 region to acquire positions. I think we can be heading to the 50s, which is a very good r/r proposition, even if the investment is a writeoff - IMHO
So we wait. My guess is that we head into the box for (2), and then rocket ship. So will re-acquire positions at that level
I think we have bottomed in this wave degree - but I don' [t think we will rocket up to the target. I can see a triangle in the works. Will try to sneak in some buys if we have a neat traingle
Looks like SPX is tracing out a wave 4 down, which means there is atleast one more pop higher, into the high 2800s, after the next decline
I think we are going to see a pretty solid pop higher in US Steel. Wonder what the media will attribute to the cause.
I think we get to low 7200s and then rocket up to 7340. Below the green box, I am wrong, and I will step away
Disney has had a really nice textbook breakout, and we should see 140s next year some time
I think we bottom at 278 and head to 287 to make a potential local top. I think it is quite likely now that the waterfall will not happen, or will be very mute
Looks like a solid spot for a high R/R shot into the 12s, in 2024
Looks like a pretty nice setup for VXX heading higher to 36-40 region first, followed by a dump to 30
Looks like an excellent setup for a pretty incredible move up over the next year or so. High r/r in my opinion -- I will probably stop out below the most recent low
VXX short prep time #4 didn't happen since we didn't really get to the resistances. But we have satisfied the downside target as outlined in the idea. This means, we need to start looking for the next set of resistances. In this case, I am actually going long VXX into the 34 resistance because of how the indicator is forming higher lows, while price is just...
I think we see something similar to the brexit dump we saw in June 2016, in the next month or so.
I think the squeeze continues till we get to the gap around 28. Might pause here and there
I think so. My analysis points to a rapid decline to the 55 region by Feb next year
I previously thought that we would have a quick squeeze to the 170 levels in MCD. However, the market has proven me wrong, and I have chosen to listen. Given that it didn't follow the imminent bullish setup which was there to take, MCD has presented itself as "not ready for primetime". So I think we are still in the correction and I think we visit the green box...
I think the green box corresponds to a high r/r position where I am going to get some positions. I will stop out below it though
I think we make one more low in NFLX, after visiting around 380-390 first. I will buy 330 region for a trip to the 450s.