Coach_Kev

Coach_Kev

TLT from the bottom looking at it coming off the cloud and ready to moon with rate cuts.... maybe

Coach_Kev

Just going to leave this here to see if the bear wedge can play out in a similar fashion

Coach_Kev

Same as the QQQ chart, SPY has completed the measured DBW move. Has cleared major pivot fibs, but the gap up stopping at the .782 could be just an exhaustion gap. Scaling into short term hedges 4-5 weeks out at .618 and .382 retrace

Coach_Kev

DBW measured move complete. Watching for rejection at the .618 fib for gap fill retrace to DBW support

Coach_Kev

Still rocking strong Last time I checked this and didn't publish I was looking around 330 SPY for a bottom on the bear market. Looking at this 3402 and 3236 are looking like macro bottom on ES

Coach_Kev

Look like it is playing out just like the last massive inflation cycle we saw. There was no indicator of the Russia Ukraine war at the time of posting the original wedge. Having posted this two years ago at the beginning of the blow off top and seeing how things unfolded. I will be hunting more cycle plays like this one

Coach_Kev Updated 

GME should see 20-$22 range in the next 8 weeks. Earnings catalyst could make it pop big. Watch the Premium and make sure there is not an over expectations

Coach_Kev

Need to be patient and wait for price to cool off on shorter TF. Approaching extremely over bought on everything but weekly.

Coach_Kev

SPY - Starting to no trust the rally from the last 3 weeks. We've hit the 1.272 fib resistance and there are gaps below at the .618 and .382 fib (Red) RSI is on the strong end and has become a little more volatiale on the 4hr. On the contrary we have rallied out of the large flag and price has retested and larger fibs are looking at a target of 370 go blow off.

Coach_Kev

TLT has consolidated nicely since its massive spike during covid. The rsi has also consolidated well. Watching for price to break the wedge. Last time it did so before covid there was a melt up just before launch PT 's are marked on FIBS. Watching for the $200 high to break if we get momentum. Great idea for a portfolio hedge.

Coach_Kev

Just observing a falling wedge on nat gas, could be argued that commodities will become a safehaven for investors as world markets crash, another massive short squeeze?? I'll pick up some july calls for fun

Coach_Kev

Got our bounce yesterday in one candle, very unexpected. Today I'm watching for the reaction at the .618 fib 70ema on the 240. It's ran into the bottom end of the previous range finding resistance for now. We could head up to test the upper level of the cloud with enough volume. I'm expecting more of a gap up and sell the rip type of day.

Coach_Kev

This is an update to my last idea on NQ, We got the expected bounce, held above the purple 70ema, if we hold up here and bulls can keep the fibs in check we should see a continuation to the outer fib targets. If not I expect to come down an test liquidity in the mid-line area.

Coach_Kev Updated 

It's about time for a market bounce, i can see us heading up to the phantom fib while the US starts to spread and the economic numbers start rolling in where we see the actual effect of the corona virus.

Coach_Kev

Volume came in heavy yesterday for a bounce, i expect some volatile sideways movement for the next couple of days while things develop. If feds drop an emergency rate cut, there should be a bounce to test the bottom end of the previous range. Once the stimulus doesn't support the market and the impacted economic data and 1st world spread speed up I expect to see a...

Coach_Kev

Apple has had a perfect double top rejection on the short term 1.272 fib. Expecting small bounce off trend line before truncating out of the rising wedge. If you pay attention the retest/ break of the wedge lines up with earnings.. Could this be where Apple starts to slow? Or will earnings break the wedge upward to $260??? With overall market sentiment I expect...

Coach_Kev

Today on BTC bulls are defending this rally extremely well. On the daily chart we see the bulls buying at all key fib levels. Creating a massive triangle of price consolidation. Currently we are riding the top trend line with a weekend gravity gap below. with our current break out and gap to fill, I do not expect a break of the triangle. Rather a pull back for a...

Coach_Kev

Looking at the new formation BTC is making higher lows and lower highs. Using retracment theory we have hit all the key support levels to make a move up. I see two scenarios. 1. We break down to lower trend line to finish the corrective wave count and give a massive opporunity for entry. 2. We break up and have a solid retest of resistance before breaking the...