MechanicalEngineerTrader

MechanicalEngineerTrader

Strong support at this level. I bought $40,000. Lets see if we can bounce from here.

MechanicalEngineerTrader

Good Afternoon, Baba hit an important level that could act as a strong support. We will see in the coming days if we can hold this level or not. Long term regardless is bullish. I bought $40,000 today

MechanicalEngineerTrader

This market has stalled longer than anyone could of expected... It's time for a reset!

MechanicalEngineerTrader

As you can see, the stock market hit the top band today. We should see strong rejection once again from this level as we proceed the 71 RSI to reset.

MechanicalEngineerTrader

We could see a huge fall here as the wedge is ending very soon, possibly next week. I would like to see the comments below on your thoughts of this. The reason I drew the line to last months top is because a true top, holds down for a few weeks like last month. the top we just made this week I believe is a false top.

MechanicalEngineerTrader

uvxy breaks out finally. Patience is a virtue. UVXY will not be in an uptrend till we hit the top band for a healthy regular cylcle

MechanicalEngineerTrader

I see many people posting this pattern online... I think its possible.

MechanicalEngineerTrader

I know there are several ways to read the spy here, but this is very much so a possible option for a market crash...

MechanicalEngineerTrader

Just a patience game at this point... We will get our move very soon here... Probably this Wednesday when fed announced taper.

MechanicalEngineerTrader

I definitely would not be long at these levels. As we can fall a huge amount back to the actual healthy trend line. Tapering & raising rates will take us all the way back down in the near future... My advise is to sell the huge gains made this last year and hold cash as the drop can be very soon,

MechanicalEngineerTrader

Taper next Wednesday!!! Sell before this drops like a rock. RSI 93....

MechanicalEngineerTrader

I'm a mechanical engineer & successful trader, I spotted this. This makes me think that Covid was just a plot to make the people behind this extremely wealthy...

MechanicalEngineerTrader

I believe the market is going to dip and hit the support one more time.

MechanicalEngineerTrader

Hard to say if market crash will happen soon, but it will happen before June 2022 based on all the VIX moves. I am long on VIX & UVXY till VIX hits 20+ Then I will sell my position and evaluate. We are holding key level of support, and bounced off of it again today. Lets see if we can hit upper channel by early next week.

MechanicalEngineerTrader

Insane we got to this level... I never buy near the low due to not having patience to wait. No worries. My average is just under $18. UVXY will see $20+ again soon. Perhaps end of this week or early next week. Stay patient. VIX is at 15 which is a steal to buy at. Market rsi too high, we need the vix to regain for a week.

MechanicalEngineerTrader

Good Afternoon, not once has the UVXY ever fallen way below the B band. And we are at the very bottom with limited downside, and 40% upside for a normal healthy market dip. Buy as it is a safe bet.

MechanicalEngineerTrader

BUY UVXY when we hit the bottom. I'm buying $100,000. Sell 20-30% gain. FREE CASH. Easy every time. I'm making $160,000 this year. Follow the chart!!

MechanicalEngineerTrader

I will be buying my normal $100,000, near $17, and projected to sell again for 20k-30k profit.