Lingamfelter

Lingamfelter

VX: Daily: -broke a downtrend in momentum Weekly: (will publish separately) -hit the uptrend line and bounced away ES: breaking down YM: breaking down NQ: also large candle though support PA and rsi not broken yet it would be nice to get a bounce in the indices and pullback in the vx, but thats hard to tell with so many trend violations today. could see...

Lingamfelter

NVDA: Weekly: -the momentum broke below a steady uptrend line -price can still go sideways even when momentum goes down -my s/r area is around 140; if NVDA pulls back, the 90 area may still hold Note: -I'm still not in nvda - I just like it as a proxy for the market

Lingamfelter

today was fomc, ES dropped hard on a large kill candle Weekly chart: -looks like a reversal on price action; last week also had inc volume on small body candle, failing to break higher -the rsi (momentum) turned down a while back; the rsi looks to be moving toward the bottom of these combined channels - the green uptrend channel is very wide, so ES can make a big...

Lingamfelter

YM: Daily: -broke down hard from the rsi uptrend channel -obviously a kill candle today on fomc; broke hard below the uptrend price action W: (will publish separately) -also breaking below an uptrend rsi trendline/channel Note: the yield curve reverted to normal this week I expected that it would take several months before we saw a meaningful pullback, but the...

Lingamfelter

ES: Daily: -broke below uptrend rsi channel -broke below uptrend price action -inc volume Weekly: (not shown here) -rsi trending downward within a larger uptrend channel -looks like a topping candle unless Th/Fri are stellar bounce back days If today started a true correction and there is no fake out, one-day-wonder break below these trendlines, it should last...

Lingamfelter

Background: lots of talk about BTC cup and handle pattern Image: BTC and ETH side by side Movement: crypto goes big to small cap regarding movement (except ADA seems to usually be first legit move) Plan: classic upward play once handle breaks

Lingamfelter

NVDA: watching the momentum (rsi) along w price action Why : it made a huge run up; always be careful getting in later in a run Arguments: bull pivot: NVDA holding >140; this is a monster - so many position traders and investors have made great runs just playing & holding this bad boy bear pivot: 3 possibilities 1. island gap at the top - gap up and then gap...

Lingamfelter

It’s go time. Looking for long swing on this play. Big $$ no whammies.

Lingamfelter

spy is really likin it's inverse h/s these days. russian dolls...just one inside of the next. there have been upside, downside, along the path, etc. sometimes they play out to the head, sometimes the last shoulder. will stay the course until she shows a change. just keep swimming

Lingamfelter

using the stick to measure full candle top below the gap; estimated R shoulder is 430 for inverted H&S.