MVPsystem

MVPsystem

My MVP system M: rsi bottoming, rounded w a higher low V: solid increase in vol P: steep downward channel; could have nice pop to the upside; I would like the price better if it were forming a base instead of a steep down path, though price did hit a prior support/resistance zone *Im wondering if NVO pops on earnings & then moves into a sideways range to form a...

MVPsystem

-MY MVP SYSTEM- Momentum: NVDA has been moving in a down sloping pattern; it is now breaking out to the upside Volume: vol spike when price dipped below the downtrend line (looks like a Wykoff spring); some overall inc vol lately Price: it is <200ma, so caution is warranted; can’t rule out this downward channel as a possible bull flag; it’s a pretty clean...

MVPsystem

HERE IS MY SYSTEM: 1. momentum - rsi breaking to upside 2. volume inc - on the W chart, eth had the largest spike ever 3. price action - is it near a support/resistance zone; is there a base or a top, etc I like that it’s a catchy name - MVP!!! Helps me stick to the rules! 📝 💡in one do the Minervini books, he mentions David Ryan’s mvp indicator. please do not...

MVPsystem

BTC D chart looks ready for a move up. rsi ⬆️☑️ down trend line broken ☑️ volume increase ☑️

MVPsystem

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...

MVPsystem

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

MVPsystem

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...

MVPsystem

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...

MVPsystem

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...

MVPsystem

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

MVPsystem

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...

MVPsystem

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

MVPsystem

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

MVPsystem

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