DaddySawbucks

DaddySawbucks Updated 

Pre-called 2802 and saw it touch today. There is strong support on upper channel trendline; doubtful we will see retest of lower channel line, barring catastrophic geopolitics. Expect more turbulence and consolidation at this level just above support in the 2810 - 2840 area for a week or so; eventually should breakout thru strong R at 2640. This is not advice...

DaddySawbucks Updated 

Looks like a bearish pattern emerging and we have divergence with Nas off -20 and Sand P flat now. Look to see if we get orphan harami for the day might lead to Wave 2 down on Monday for a buy opportunity. Markets hate an unfilled gap. Look for Dow to retrace significant part of Thursday green candle before resuming upwards march. Not investment advice just...

DaddySawbucks Updated 

In a WXY 3-3-3 corrective wave we expect 2 more waves in our chart to complete the formation. Today Dow touched the midline of channel shown in pitchfork, but 0.382 Fibo could be a bottom, but rarely is. In the cup-and-Handle formation we expect a decline to reach ~0.50 Fibo of cup, still a bit shy and looking for prices in the mid- 24800s. We might be in for...

DaddySawbucks Updated 

At support .882 and what looks like an inverted H&S forming- see if it fills! This post for education only is not advice- good luck!

DaddySawbucks

Sand P has been more resilient than Dow and declines less, advances more. Still a short opportunity appearing now in final down leg of corrective wave. I wouldn't hold puts or shorts below 2800- look for a strong bullish reversal into a combo (5)(V)(v) wave to new All-Time High after this correction- starting real soon. See my Dow post too, same idea, but...

DaddySawbucks Updated 

This is a 3-3-3 corrective wave pattern forming. Looks like we had 3 strong down waves in 'W'; 3 smaller up waves today for an 'X'; The 'Y' should start very soon, will likely open with a gap down and should carry index to near same decline as 'W' or ~520 points to 24818. I do not see an ABC pattern here, as there are no 5 wave impulses in the W or X waves. As...

DaddySawbucks

15m intraday H&S late-day. Sagging hard. Good luck Im not an investor advisor and this post is not advice its for entertainment and education only.

DaddySawbucks

15m intraday H&S late-day. Sagging hard. Good luck Im not an investor advisor and this post is not advice its for entertainment and education only.

DaddySawbucks

Going down further; Not advice; just an observation. Good luck!

DaddySawbucks

See chart. Minor retracement with clear wedge formation- ascending triangle before a further break down. Not enough bulls to fill Friday's gap. Im not an advisor this is not advice, just fun education post, good luck!

DaddySawbucks

Doubtful SPX 0.32% can fill Friday's gap. Curving over now after a tiny subminuette 5 wave reactive bull impulse. Expect lower by day's end and a break sometime this week. I'm not an investement advisor this post is for education only, good luck!

DaddySawbucks

Trading at the top of Friday's decline all indexes slightly higher a tiny subminuette 12345 impulse is seen in the minute chart for SPX today, looks like near completion - cant say how high the up reaction will carry but I reckon short entry now is likely profitable. Im not an investment advisor, this is not advice, its an observation for education only. Good luck!

DaddySawbucks

Candle last week-> my goodness. Might sell down to 2790-2800 support band this week, get a B wave retrace and then head to retest trendline next week. Charted 2777, let's see if we get it. Bearish waves been lasting ~ 2 weeks or 10 sessions, give or take a bit. Expect push to new All-Time High after retest. As always, my amateur insights do not constitute...

DaddySawbucks Updated 

Expect possible brief reaction to Friday's selloff. If a Minute Wave 2 forms it would suggest a full and deeper corrective minor wave Y in my WXY pattern (omitted for clarity- see links below), with a 5 wave impulse. Minor Wave WXY is part of larger intermediate wave 12345, now forming the intermediate wave 4, not shown, in turn part of larger primary corrective...

DaddySawbucks Updated 

Don't expect a real hard selloff; this is an alternating wave coming off the June Swoon deep selloff, but could still have some pretty fierce selling and ^^Vix. Index will likely go on to form double top and new All-Time High, breaking up from channel later this year after resting comfortably at ~24840-25040 for a few days. We are in a 'reactionary wave'...

DaddySawbucks

Looks very beary

DaddySawbucks Updated 

After Tuesday's short squeeze a lot of us got stopped out and irritated bears are wondering; "WTH is it DOING?!" After I calmed down a bit, licked my wounds and smoothed out my fur, took a hard look at the chart. Then shorted again today. Pattern now unfolding looks a heckofalot like May's behavior after the runup three months back. Now Tues looks like a...

DaddySawbucks

Textbook classic signal, confirmed by subsequent price action. Short now if you didn't yet!