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CTRLZEEE Updated 

As mentioned last week, we were suppose to go lower to retest the gap up from June 17th. The past week made the count incomplete, if it did test last week lower, we would be on our way back to 4k but it didn't. Volume was painfully low on Friday and it was expiration day too. The July 14th break of support at 373 was very telling. June 22nd low then gap up...

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In the last couple of sessions prior to FOMC mins release, we've seen volatility pick up in previous 5-10 days before the meeting. I see the same thing happening here where QQQs will push lower.

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CPI and VIX exp this week is gonna shake down the bulls. Nasdaq and global markets reached certain impulse corrective waves and ready to turn over.

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Friday I was closely watching CCIV hopefully break the down trend line from July 1. Finally it cleared it with alot of bouncing near the low 22s and with volume to follow through. The time to jump in was Friday morning when it sold hard. This week I see it going up around 27 but will hit a hard resistance before finally breaking down. I see this going down to...

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After many weeks and couple of months of not participating in the markets rise.

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Bad news aside, IYT is what pushes the DOW to 37k. IYT got pummeled back in June losing alot of ground. Airlines and Railroads have finally found their footing, basing, and slowly climbing up this past week. IYT to 300 soon!

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SPY racing to 450. Tom Lee has always been bullish about the market. In the first quarter of 2021, he has been bullish about the market going to 4500 in the S&P. Everyone was calling him nuts. Now its coming to fruition. Fridays close was extremely bullish with no sellers in sight.

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Let the trolls begin lol. To be real the volume has completely dried up since Jan on this stock. It makes sense since its trading at 200+ dollars and trading as high as some really good stocks like SQ and FDX. Others went on to other meme stocks that are much cheaper to trade. The average guy can no longer afford to buy up here and possibly lose his/her...

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QQQs has been a steadily forming this ascending triangle flag since early February as part of a 3 month corrective wave pattern (4th wave). It wont take long for this pullback to happen (June Swoon). Perhaps as early July we start to see the market bottom here around 325ish then breaking out to complete the cycle. Sometime around early to mid Sept we top out...

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AMC made a huge run up to 70s but now needs to correct the leg that pushed it up. It is currently working on a descending triangle formation that will eventually lead to a proper fibonacci retracement near the low 30s which will most likely fill that gap up before running back up again. There is a huge possibility this can hit not suprisingly (meme) to 100 if...

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Based on the Elliot Wave theory, there are three things that I think ya'll should check out. We are close to a correction but one of them is a two year bear market and the other is a 2-3 month correction before the next impulse wave to the upside. If you guys don't know anything about Elliot Wave theory, I highly recommend reading up on it. There are rules that...

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Above avg volume trend. Tapped down trend line this morning and quickly reversed above previous 5 day highs. Price Tgt 60.

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If you caught the move to the downside of 1.7k, congrats you made money. An ascending triangle that looks bullish but in this particular case its a bull trap that needs to complete the D pattern. If my analysis of BTC comes true, I see ETH will follow. In short though, I prefer ETH than BTC.

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My previous BTC analysis a couple of weeks ago came to fruition. As mentioned there were no bids to get BTC to 60k and off downhill we go to start the ABCD pattern. There is a huge expectation from hedge fund managers that BTC will move down to 20k. If retail whales come here to buy it up at 35k to 42k, HF might come in to take it up back to 44k. For now,...

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Black Gold finally broke out from the 3 month cup handle pattern as mentioned last week! Although weekly chart was showing bearish, it was a bullish flag because the lows never broke. This week the momentum continues upward possibly in a big way. Extremely Bullish! Once it breaks 56.75, 59 will be the next target. XOM, SLB, NOV are yummy plays.

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The cup/handle pattern was finally completed on Thursday when it tapped the Dec high of 56 and came back up to form a long legged doji. If the market was up on Thursday, the candle would have engulfed three days of price action. Friday confirmed what it wanted to do on Thursday. If TWTR breaks above 60 this coming week, the gap up to 64 will be filled. With the...

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XLI, the Sultan, was the ultimate DOW mover. He ruled over everyone including hedge fund managers. Tuesdays action to the upside was great but gave it up at the end of the day. Wed and Thursday continued to the downside. On Friday, the Sultan tapped the 8 day EMA and came back up but closed below previous day high. The issue with XLI is the channels are...

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SMH (the Geek) was resting in the small 4 day week moving laterally but was ready to breakdown on Thursday. But the jobs numbers on Friday being moderately light vs expectations made one more month of positive news for the market signaling "transitory" inflation. That was the turning point as mentioned in my last weeks report. An engulfing candle on Friday and...