JamesMBee

JamesMBee

Hasnt seen 20ma in 32 days. Good target atm, red bar, stop hod

JamesMBee Updated 

The reason this TA is a meme is because it's based in reality. When something looks like this and you get excited about a single candle when the trend is EXTREMELY clear, it could be the bottom, sure, but this is not the most likely trade here. Bottom picking has it's merits but not in trending markets, especially when things are asynchronous. Odds are, if markets...

JamesMBee

"Please provide a meaningful description of your analysis and prediction" First of all, we're traders, not predictors. My crystal ball was destroyed once I learned about risk management. Analysis in trading involved buying big green bars and seeing how it goes. Theres nothing meaningful about it. Its TA, anything complex is wrong. SPY had a big green bar...

JamesMBee Updated 

DPST retesting its exhaustion candle. Makes for a good long term hold See yinn for an example akin to this and maybe labu the reality is things arent selling off, and even if they do, im okay with this.

JamesMBee

DPST goes to 9~. Not bad. Coincides with some resistance. DivYield is 7% anyways 50% retracement is pretty standard.

JamesMBee

keep in mind i really dont study other peoples setups that much, or indicators, but the trend in this market has been for red candles to be followed by red candles. We just had a large red candle. Thus we have a short setup

JamesMBee Updated 

Possible. Could happen, good opp to take trade. I will sell after 4 weeks or 8 depending breadth soxs too

JamesMBee

Really easy, 20ma bounce, DRIP can do 100% if we actually get a recession

JamesMBee

good setup, exhaustion candle, bottom of range, could actually double. LABD did 50% from this type of setup, so shorts are working

JamesMBee Updated 

I'm not saying that these charts are the same as 2008, or that their followthru will be the same as 08, i'm just saying the setup is similar. therefor the market is a short setup currently, and we have a better entry today than we did last week at close.

JamesMBee

super basic TA, gapped down huge green bar of buying came in. Good opportunity to go long

JamesMBee

Tradingview, its a short setup. Stop requiring me to provide a meaningful explanation. Clear charts make clear arguments

JamesMBee

Wow. I normally don't enter things anticipatorily but my FNGD, SOXS & Drip Positions seem to be extremely well timed. Could be a weekly setup entered on the 15 minute charts. I've moved stops to >Breakeven and will trade the weekly setup. This is crazy. Nasdaq could fall like 30% from here, as the average bear market takes SPX to 3k, which hasn't happened...

JamesMBee

Pictured above are QQQ, FNGD, DRIP and SOXS. Significant selling is taking place. You don't need indicators, lines, or any other form of TA to see it. Be extremely cautious here. Upside is limited, downside is quite high. Catalyst was the fed boomer speaking the other day, the boomers have moved the market to large degrees frequently. My positions atm are soxs...

JamesMBee

really good setup. whole sector is getting hit, market is selling off

JamesMBee

Could work, lmao idk what hhappened but a lot of stuff is falling. Will be interesting to see how things go I entered soxs, fngd and drip yesterday but this is the entry i shouldve probably waited for

JamesMBee

Having trouble removing the permabear in me, but this is a good short setup if things do break down :)

JamesMBee

Could bounce off the 50w moving average here. 50w MA bounces can often lead to huge moves. Nasdaq weekly chart inverted is a momentum large cap ATM and may finally go parabolic off of a bounce like this. As a result I'm eying shorting things after the macroeconomic nerds post their inflation data.