DIVERMAN_L

DIVERMAN_L

According to Elliot Wave Theory, Chart Patterns, and Analysis of the option chains, SPY could potentially reach 600+ before long. Looking at Elliot Wave Theory: Currently price is in Wave #4. In EW, Wave #4 characteristics are opposite of Wave #2. Wave #2 in this cycle was short, so expect price to take a little longer to breakout, which brings us to the next...

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SPY has formed an expanding megaphone on the weekly. Check the open interest for September contracts. Someone knows something. Once we get confirmation of a sell off starting. Look for this to continue to the lower channel.

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GM is now at an apex. It is met with an upper resistance and the support of a very respected trendline. There’s going to be movement.

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AMD on the daily. Bullish RSI divergence at the .618 Fibonacci level and 200 EMA.

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Divergence within Divergence. Weekly and Daily Bearish Divergence. Forming a rising wedge on the 4H chart, more divergence. It won’t be long now.

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Looking for continuation of downtrend once price reaches the downtrend line, supply, 0.618 Fibonacci level.

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NASDAQ:DKNG If you trade: chart patterns, fibonacci levels, or divergences, you see it. I see it. Don't miss it. Let the trend break and enter on a retest. With earnings coming up, this play could be big.

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NYSE:DAL is consolidating at previous highs and on a trendline. Consolidation leads to movement. Based on Elliot Wave Theory, we could be looking at another leg up. If you haven't researched this theory, do it. The price action of wave 4 usually has opposite characteristics than wave 2. (If wave 2 is sharp, wave 4 is longer and more consolidating and vice versa)...

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NYSE:DELL is showing weakness. It may be lagging in its sector. With Chip stocks like AMD, NVDA, and SMCI selling off over the past weeks it comes as no surprise that other related names in the sector are showing the same signs. DELL is showing Bearish Divergence on a weekly chart. Divergences can show weakness or strength building in the market. When price...

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Don’t short this yet! Falling wedge into earnings right below monthly fib levels. Earning may push this higher where institutions may be looking to liquidate their warehouses.

DIVERMAN_L Updated 

Rising wedge to .786 Fib level. Weekly shooting star. Looking at a 4-month trade timeframe. Mid-year contracts.

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The trend may be shifting. Wave 4 could be starting. Volume coming in one the weekly with some good bearish divergence in the daily. Earnings on the 25th in play. Waiting for a clear break of trend then entering on fib retracements. June and July contracts 300-310 price target

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TSLA is flirting with the downtrend that started at the end of 2023. Close watch. 200 is a magnet.

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GM Closed at a key level of 61.10 (.618 Fib level, High to Low on the daily) Watching closely here as a bounce will likely lead to 61.40 then to our first major resistance level of 61.80. It tried to break this level twice on Friday and rejected both times. Also, this has been a major area of resistance last week as it touched and rejected. It did break through on...

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GPS Looking at GPS (GAP Apparel) this week too. It’s giving me supper bullish vibes as well and I believe something big can happen in the coming week or next. I will be watching it very closely as a ginormous Ascending triangle may be forming on the Weekly. GPS above 18.48 taking the 1/21 20c (Start trimming at 18.7 & 19.00, If it closes above 19 with strength...