ChartProphet

ChartProphet

The ETF fund UVXY has exited out of a descending wedge and seems to be playing out. Regardless of the fact that it does reverse splits, this does seem to be a good play if not just in the short term. I have Fibonacci targets at $42, $63, and $79

ChartProphet

Small bull flag forming on the 4 hr, looks like we might have the potential to ride this up to the 9350-9500 region. Good luck and remember, this is not financial advice.

ChartProphet

In my opinion, BX or BlackStone Group Inc will not be an exception to the latest global calamity regarding the coronavirus and global recession. Levels to watch for in regards to pauses and bounces would be $49, $42, $35, and $30. Good luck trading and remember this is not financial advice.

ChartProphet

Huge descending triangle on US OIL, I wouldn't expect much from oil other than lower prices. I've mapped out some targets and time frames in blue. This is NOT financial advice.

ChartProphet

I said it before and I will say it again, Boeing is dead, get the heck out! In December I noted that we had a huge potential head and shoulders on Boeing. I've got my Fibonacci targets showing up at $236, $178, and $135. I would expect to see $236 by early next month, $178 by April- May and $135 within June-Aug. THIS IS NOT FINANCIAL ADVICE.

ChartProphet

If the supply chain shuts down like I suspect it will with the corona-virus, I would then expect to see a significant pull back. I have potential bounce targets @ $277, $255, and $230. This is not financial advice.

ChartProphet Updated 

Looks like we could be dropping down to $3000 fairly quickly and then settling down around $2800. I think that the Coronavirus in combo with a possible top being reached could result in a major retrace. This is forward thinking and doesn't have the usual evidence that TA should. You can consider this to be speculation at best, this is certainly not financial advice.

ChartProphet Updated 

There is a pretty clear gap on the daily Dow Jones chart. I have a feeling, that like most gap this one will fill.

ChartProphet

I feel that the recession is obviously here. And if that were to be the case the tweezer top on the monthly for Ross really makes it bad for this stock. MACD crossing down on the monthly.

ChartProphet

I think the general consensus is still to buy the dip. You will see 18K this year I do believe. We are way over due for a recession, quantitative easing wont save us forever. Our biggest trading partner is a ponzi scheme and sick with corona... but this is only speculation and by no means financial advice.

ChartProphet Updated 

I have been long term Bearish on oil expecting a few rallys up on the way down. Here is my long term projection for oil, anticipating $25 a barrel. We landed on the 38% retracement here last year as a response to the decline down from 2009. I think that rally to the .38 was the last for bit.

ChartProphet

Just a simple idea I have here for some fibonacci retracements. If I ever had an good hunch that chart would play out during a epidemic or crisis, I think this one will. We have broken critical trend supports recently. I would hope to see a bounce around $42-$43 and another around $30. Good luck trading, this is not financial advice.

ChartProphet

Bitcoin is starting to move I can see us at 10k here soon

ChartProphet Updated 

I was expecting silver to pull back and it did. I was hoping for a further pull back, but the TA says otherwise. Clearly we are testing into $18 where we may stall for just a moment, but longer term I believe that $20-21 silver is very doable. I have forcasted $40 for the next coming years, however, economic fundamentals may shift the longer term. This is not...

ChartProphet Updated 

We have some short term bullish action going on with oil. The volume profile visible range has a big well up to 55. Overall, I still see us going down with macro economic conditions. This is not trading advice.

ChartProphet Updated 

To me it would seem as if the the old bitcorn might go down to $8300 before bringing enough steem for a rally, assuming that it holds there. When we rally I have a short term target of $10300. This is not trading advice.

ChartProphet

I'm far too bearish to make many plays these days. I can see that $600 is not a bad price for Tesla if the overall market structure continues to rise. If the macro declines, as I assume that it will, we will see Tesla stock price stifled as the supply chain fails for the production of the Chinese model Y. If the supply chain fails what happens the gigafactory progress?

ChartProphet Updated 

Not sure what will happen here but I am not bullish on anything right now with this virus. The R0 contagiousness of this is a bit higher than the Chinese Government will admit. I know the Chinese government has the equivalent if a plunge protection team so my chart is highly speculative as many of mine are. This is certainly not trading advice.