DaddySawbucks

DaddySawbucks Updated 

That was a mad dash. Look we got a right shoulder overnight. Will the march continue? Or turn south again? Be wary at this Fibo, often a pivot! Anybody's guess. If the path leads further down will head much lower IMO. If euphoria continues a measured move goes to ~4842 (linked idea) Just sayin, a pullback is likely here, could develop into another cascade if...

DaddySawbucks Updated 

Look out below. So fragile now. Anything will break it IMO. Can it still get a lower high? Ofc. Who knows, bad place to be long IMO. Indicators all stuck in the middle, anyone's guess for Friday. Should it gap down and leave an island top, would be game over.

DaddySawbucks Updated 

They got a beating 12/09, Tues gap filled EOD, RSI near oversold, expect turn higher soon, watch the indicators!

DaddySawbucks Updated 

NO!! It's gone Ape-S**TT!!! Melting Up; Short here = Suicide. Could get a Measured MOVE from the Breakout point 4593; +249 push to 4842?!? Watch these Indicators for a pivot. Near-term Short entry for a technical pullback at WT crossover when RSI overbought and a 5-wave EW in RSI appears; NOT before! Do not hold this short for long term, purely a day trade from...

DaddySawbucks Updated 

In a broadening wedge a descending megaphone pattern is characterized by five reversals, up-down-up-down-up, each swing is wider but price is constrained within the wedge pattern, without break below lower TL. The finishing move is a crushing bearish move to the lower TL. Price came down to 200 DMA. Will it hold? Wayyy Oversold! The pattern is a bullish reversal...

DaddySawbucks Updated 

Watch the indicators. Been expecting the vertical parabola finishing move. Could be amazing if it follows overlay, price action strongly resembles it. Not recommending a specific price or strategy. Be vewy vewy qwiet.. we is hunting wabbits! DYODD. GLTA!

DaddySawbucks Updated 

Dec 2018 laid over Dec 2021. look for twin towers, a double failed rally top before the throwover. Speculate foolishly at ur own risk; DYODD; GLTA!!

DaddySawbucks Updated 

This retracement has look and feel of a B wave, choppy and hesitant. Got a H&S in the 15 minute chart on 11/11. Expect another leg lower soon IMO. Should push down to test support at the old ATH IMO. RSI went oversold, bounced, fades. Likely to get a big bounce (arrow) after the C leg, retest ATH in December. 19 Nov OpeX likely to be pretty choppy IMO. Sold...

DaddySawbucks Updated 

Last pullback in 5-10 Nov gave an S-curve 'ABC' with two down legs, time from first sell to completion: 5 bars; would paint NLT 11/26. Got a nice retracement in late trade Tues, from oversold on first leg down; expect lower Weds EOD. Tues PM rally typical of bear reactions. First support held at 4660 11/23; break below will signal measured move lower. An S-curve...

DaddySawbucks Updated 

Chart says all. Pattern from August 2020, now making same insane run. The 1.62 Fibo extension from September correction is at 4720. Do not short based on: "I think the price is too high!" "It's overbought, must come down!" "How can it get any higher?! Already nosebleed!" "I feel lucky!" Short on signal; the engulfing bear candle after blowup. IF it follows...

DaddySawbucks Updated 

Be really careful about placing bets against this monster. The end phase of bull markets are always characterized by explosive panic rallies. Been rising for 12 years. Fed gonna raise rates >1% next year, probably gonna get a 50 basis pip pop in spring or summer, inflation unchecked. Read Friday's NY Times for a very insightful article on when, why and how much...

DaddySawbucks Updated 

Not over IMO. Look such a perfect fit on this overlay, couldn't help noticing how the step-down pattern led to waterfall then; Expect another. By happy ?Coincidence, the previous ATH 4545, prior resistance and the overlay projection all align at 4545... on that line; that's my target. Not yet oversold in the 3hr. DYODD; GLTA!

DaddySawbucks Updated 

O FGS! Dammit! They gapped it up overnight, what should I do?!? Well what gap is this? Three weeks ago we had Initiation Gap: These often do not fill, don't short them! It's suicide, lol! This has hallmarks of an Exhaustion Gap; it will fill intra-day or within a few sessions at most... a great short opportunity! See my related post on gaps FYI. But, when should...

DaddySawbucks Updated 

RSI near 80, MFI near ATH over 90, Blowing Up. Chart has all the details. Could top this week or early next. Overlay is a WAG. Absolute disconnect of price from reality. Selling soon IMO. Price may press higher to test the Fibo at 16,530 before rollover. Every blowoff ends in a waterfall cascade. Excessive greed gives way to excessive fear. Gonna get real dicey...

DaddySawbucks Updated 

Predicting the future is hard. Here's a possible path to ATH and subsequent breakdown after FOMC rate hike in Feb. The previous ATH top and consolidation zone at 4545 should provide strong support IMO. Pullback to support > springboard for next bounce. Pullbacks suggested to the 1/3 speedlines, actual results may vary. Each 1/3 retracement, if followed by a...

DaddySawbucks Updated 

In the 1-hr we have Squeeze Momentum green fading and the green bars have turned gray. This suggests price may have topped and is a warning to close longs. When the bars fall to centerline, dots change color from dark to light blue, is a signal to enter short side. You can aggressively enter shorts earlier based on chart formations, other signals such as RSI...

DaddySawbucks Updated 

If you sell short or speculate in put options because: - Price too high! Must come down! - RSI Overbought! Must go oversold! - Another ATH?! Sell it! Will dump soon! - It's an Elliott Wave and Theory crafters say "Sell today!" or "Sell on a specific day I magically forecast!" -I feel lucky, punk! Make my day! Then you will lose money. IF this monster rally...

DaddySawbucks Updated 

Irrational Exuberance! Bad news is good, good news is gooder! The gaps tell all. Measured move from the runaway gap ought to end up around 388 +/- 2 pips. There must be and certainly will be a pullback from a last exhaustion gap, may gap up sometime 1-3 Nov. Fed minutes on 3 Nov may be catalyst for pullback. Likely pivots shown, 1/3 speedline most likely, given...