JamesFlem

JamesFlem

Short term short trade for shopify. Short at 36.50 initially potential pull back but higher short at 38-40 will monitor. It's recently broken out of a descending channel due to earnings. I expect momentum to potentially continue depending as it looks like the indices want to extent a little further before pulling back. Confluences for trade...

JamesFlem

Is this the bottom? A massive 5.5% bounce from the .61 fib typically associated with a reversal move. Market normally bottoms before and during the recession and we will soon be officially in one. IS THIS THE BOTTOM??

JamesFlem

an obvious island reversal for SPX. are we about to see the waterfall moment?

JamesFlem

Here's the zones where to go heavy on google imo of course

JamesFlem

Here's my simple yet effective outlook on BTC. We've hit the 3rd touch of the trend line Obvious current support is around 18.5-18000. a breach below and we will see the fear stage kick in where BTC flushes down to next support next support is around 14-12k. here for me is the bottom and ill be buying my first whole BTC for a long term hold. although ETH will...

JamesFlem

Buy zone for google in my opinion is approaching. There's a gap fill to fill right around 100-98$. I have a buy set for 99$. that would be -35% from the top. if it goes lower I'm fine with that ill keep DCA as it'll be a long term hold. google have spoken much going on and finger in so many different pies that its impossible for them not to see future growth in my...

JamesFlem

I expect we retest lows. lets monitor at the next low retest ill start buying.

JamesFlem

Here is my idea for a potential sell on EN. My theory here is simple and confluence is as follows. - 3rd touch of the trend line with previous rejection candles. - Rising wedge - 200 weekly EMA Should provide 50-100 pips, in out hello goodbye

JamesFlem

Today at 1130 we expect the results of the conservative leadership race. Sunack vs truss. Truss is the obvious favourite to win but she is bad for GBP. her polices are inflationary and she can't understand that lowering taxes and increasing the money supply will further cause inflation. the UK economy is already expected to see 13-16% inflation by April 23....

JamesFlem

Here is my prediction of the SP market bottom. How do we get here. well currently the small and medium stocks that were overpriced have been smashed, I'm talking about all specs the poster child of the 2020 run, all speculation stocks lemonade, zoom, peloton and other retail favourites have been killed. Ive always said the market will bottom when the big names...

JamesFlem

To some this may seem to be the worse case scenario, others it will be a dream come true. Take a look at the 2020 bottom and the major run Tesla had to the top, one could call it epic and yes it was. if you take a fib level from the bottom to the top of the run the 61 fib is within a very particular level. around the 180 level are various support and resistance...

JamesFlem

BTC appearing to be stalling, failing to break MAJOR resistance will it fall off a cliff and finally hit the bottom around 12-14k?

JamesFlem

Apple is actually a monster. its hard to comprehend the amount of money that flows into apple and then you go on the weekly and see its up 7 weeks in a row its hard to beat it when its on trend. however its also crazy to think the bottom was predicted by the major 0.38fib with hardly any drawdown suggesting apple is strong in my opinion. with the release of the...

JamesFlem

Will amazon reach 150 area and get rejected on the third touch of the trend line? ill have a sell order for 148.50 down to target level. its mad to think it would of nearly rallied 50% from the bottom and there was multiple chances after the split to buy the stock. what a miss by myself! I was debating it for too long reading to much into the fun and missed out...

JamesFlem

Understanding the next resistances for the SPX and SPY. The next in my opinion is the 425 big 61 fib resistance level. likely to see some resistance here even if it eventually breaks it. for me 4330 is also another major resistance point with it being a third touch of the trend line.

JamesFlem

Looking at the NDX for this example, clear defined downward trend with BIG bear market rallies. this is seems to be a little different with some positive news and lack of bad news so has been highly rewarding for the bulls however we are now at some big resistances. - 50 moving average on Weekly - Trend line resistance - 61 fib of previous move down - 20% down...

JamesFlem

NDX is whole market in general has had this extended bull run on basically lack of bad news and some good earnings. I just don't by it. I can t see how that's it bear market over lets goooo vibes again. market needs to art least double bottom during these market conditions to give investors some sort of validation. plus fed actions are always delayed and were yet...

JamesFlem

The zone highlighted in purple is for a potential short. We have confluences here in this area as seen on the chart which in my opinion adds confluence to enter a short position. However this is around a 3.5% rally away so will see.