Chart pretty self explanatory. - used EWT and proprietary techniques I developed in confluence to obtain targets - used Gann to establish time to target - used common sense to "risk" September 5.00 calls for 1.10 last week (currently 1.40, expecting them to go for 3.00-5.00 before expiration) I recommend waiting until downtrend breakout for entry if you're not...
We are in a highly volatile, increasingly risky environment with overwhelming bearish sentiment. - What the news has to say: "no hope, inflation, recession, bear market, war, fire, brimstone, kim kardashian tho, inflation, recession, etc..." (I can paraphrase: FUD) - What the math has to say: Most likely path over the next few weeks is an explosive run to 430s...
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This can be summarized as a distribution at the end of 2021 which produced a corrective markdown (I do not have the EWC labled but this top was a wave III peak). The equilibrium point/level produced from the supply/demand trendlines off the distribution phase is right at the pre-covid peak - which indicates there is support right below the 2022 low. I am...
SPY has been undergoing accumulation, markup activated 10/21 above 373.93 (will want to see continuation next week for the path to play out in timeline detailed below): Initial Target 388-393 by end of October 2022 (SoS) Slight pullback to 377-382 into early November (BU/LPS) Estimated trajectory following above scenario: 408-419 by December 2022 371-384 going...
I posted a near term BTC idea recently before it broke out - It has hit exactly so far (linked). Here is a mid-term projection that will come into play as BTC reaches upper target of previous projection: Breakout Level was 19783 - Initial Target by mid Feb 2023 = 25k-28k (previous idea aligns with bottom range of this target zone) - Then pullback to test ...
I posted a bullish trajectory for SPY back on 10/21/2022 (linked: "Bulls Ready to Take It") - that hit the exact trajectory up to this point. The idea left off indicating that was the setup pre-breakout; this is a follow up from that with the expected path from here. There has been major accumulation since June 2022, with 3 minor accumulation zones (hollow green...
Breakout level is 11525, expected path is solid green trajectory: - Initial target = 13189 by 4/3/2023 - Then pullback to test support at 11525 - If holds, then target = 14565 by 1/15/2024 ~Alt path to initial target is most bullish scenario (dashed green trajectory, would need to break all resistance this week): 13189 by 1/30/2023
Update to a previous idea I posted recently, this is more accurate. 385 post earnings (by 10/21) 525 by end of Nov 2022 Pullback to 385-400 by Jan 2023 Retest All Time High @ 731 by June 2023
A week ago I posted a Bearish Idea for AMZN - the initial target hit. I sentan update going into earnings for shorts to be cautious, here is the updated chart: - Above 126 is near term bullish. Needs confirmation with a break above 129 by 11/3 (needs to break above solid green line in chart) - If we get confirmation, initial upside target is 134 by...
Case 1: We are in wave B of an expanded flat, post earnings pop to 143-144 and then drop to 128 by 11/6 Case 2: Drop from current level (138) to 125-128 before 11/3 expiration ** The play ** - 2:1 puts to calls Nov 3 135 puts for 2.60 and Nov 3 142 calls for 2.80 - If case 1 plays out, sell the calls to break even and enter Nov 9 138 puts Not financial advice
This is what SPY will do near and mid term: - Begin drop somewhere between 11/3 (today) and 11/8 (next week) to 398-405 range [ 402 point target by end of November 2023 ] - Bounce/relief rally to 434-444 by mid to late December 2023 - Massive drop in 2024 to 360-380 minimum, possibly as low as 290s Short it, buy it, then short it again. These are very...
Target range is 260-270 by 11/15/2023 - can go as low as 253 - expecting some accumulation in the 260-270 range before a bounce to 280 by end of November - I'll send an update from there Orange trajectory is the expected path to point target of 260
AMZN initial target is 121-122 following the earnings report. Goal target by 11/3 is 114-116 Stop loss is close above 131 - this opens the door for upside to 138
CELH has a very bearish setup Target range is 90-110 by earnings in November. Point target is the black trajectory, 97 by 11/1/2023
Downside target 1 = 413 by 10/5 Downside target 2 = 408 by 10/6 Downside Target 3 = 401 by early next week (10/11 point target) It will bottom there. Probability of target 1 > prob target 2 >> target 3. Set up is there, lets see what happens. In Oct 11 418 puts
Summary: target is 3961-4004 by 9/8/2023 - 9/15/2023. Alt target is 4004-4112 by 10/5/2023 - black trajectory is main/expected path -blue trajectory is Alt path There is a lot more that goes into this, but all the most important aspects are in this chart. The red and yellow trendline is a proprietary trendline that represents B-wave territory (above/left of...
LRCX is about to make a major break into bearish territory - right side of red/yellow line - initial target is 560 on 10/3/2023 (black trajectory) - goal target is 520s by end of October 2023 Stop loss is a sustained break above the green trajectory