JamesFlem

JamesFlem

Does this RSI divergence signal what's to come. I believe there is a catalyst coming that will cause the dow to plunge as will other indices. As of now im not sure what that is. something will blow up whether its banks ect. The fed will have no choice but to do an emergency rate cut. IF the rate cut happens. that's the time to go short. go look at every previous...

JamesFlem

Apple is approaching historical resistance here. Earnings is coming up on the 4th of May and from what ive read about Mac sales being potentially down 40% will apple miss their earnings? thoughts?

JamesFlem

Looks like we're coming into an area of resistance for the DOW. level highlighted has 61 fib, key level, and round number 33500 for the confluences of the trade. A break above 33570 I will no longer be interested and will close the trade.

JamesFlem

US30 I suspect it breaks support and comes down to 61 fib 31000. from here it should bounce to retest trend line to see if its now resistance.

JamesFlem

Is the US30 going to break and retest the downtrend or are we going to bounce from here ?

JamesFlem

major support in my opinion. been respected in both ways during this down trend. small bounce here before breaking lower imo

JamesFlem

Thinking this is a great overbought trade here. RSI 75 overbought conditions. Massive gap too be filled around 115 Entered zone of previous sellers(resistance) ideally for a long position it would fill this gap and then bounce again which coincides with the .38 fib that's present in that zone.

JamesFlem

GU provided two decent trade opportunities recently. first being the retracement to the 61fib of the previous move down. this also has another confluence as it rejected the recent broke support trend line. The next solid move was taking a buy at the previous low made this is currently running 50 pips dollar could be heading higher so GU could be taking a hit

JamesFlem

Let's be honest from purely a probability perspective I see meta NOT beating earnings for many reasons. ad rev still down. covid reopening people using social less. snap will do poorly as usual the business model is failed. burning cash for meta oculus headsets. last time we had earnings it dropped over the 3 day rule around 35% FK Zuckerberg and short this...

JamesFlem

In terms of general outlook and data markets suspect a reading of 6.3-6.5%. anything outside of this range will cause volatility. Markets are being bullish into this event either data leaked or just overly bullish. technicals say its going down with resistance from trend line 200 SMA 61 FIB gap fill @ around 4000. however beyond then its 4035-4070 and then...

JamesFlem

Dollar is on support right now confluences being 61fib and major trend line and covid flight to safety high of 2020 this makes the level between 103-102.5 very interesting for a rebound. if it does not bounce here id expect. small bounce at next technical level and then a major bounce at 100. imo everything is lining ups dollar low, gold high stocks and...

JamesFlem

Unilever im long as long as its stays over 40. its just filled the gap between 42-43. I expect either a push to the next level of resistance while the rsi is still bullish at around 43.60 or it sells off now and bounces at support. classic inverse head and shoulders played out. im long Unilever with they're pricing power over inflation and with they're...

JamesFlem

will amazon bounce off the 61 fib and previous support? its absolutely nuts when you zoom out at some of these stocks over the past two decades

JamesFlem

Tesla idea. I don't think it could ever come down to 69 unless there's a black swan event

JamesFlem

Apple has made a symmetrical triangle pattern showing current indecision. depending on market environment it'll either break down it break out. could fake out either way depending on macro but I believe apple will touch the trend line again at 120 and potentially even lower in a major crash event. obviously apple is a great long term hold and will be buying at...

JamesFlem

TSM has created gap galore on its rally up. with the vix down at 20, indices at resistance, the 4 gaps created, RSI over cooked at 80 and a wedge created, id say a breakdown below wedge trend line around 80 and you'll see the first gap fill at least at 77then 72. big sell volume come at the top of this last run too.

JamesFlem

Honestly can't believe I've missed this 20% dow rally. I had the bottom drawn up was so many technicals here to create a bounce but I wasn't monitoring it at the time and its lead to this EPIC rally over the past month. the bottoms clearly in for now. I expect a pul back soon but im not expecting it to go any lower. in my opinion the bottom is in and the fed pivot...

JamesFlem

An enjoyed bear market bull run by many again for the 4th time. still so many market catalyst in my opinion that could shock the market. it will only take one for the market to reverse and from a technical point of view there's plenty of reasons for an incoming reversal. Major Trend line overbought RSI gap fill and many others. I see it potentially breaking the...