MikeMM

MikeMM Updated 

Just stumbled on this chart earlier when searching for something else... No idea about the company, went to the website real quick something Alzheimer's blah blah blah... look i don't care, technically it looks cool. If we dip down to the support its a good risk/reward with a stop loss directly below it...

MikeMM

Harmonic is roughly completed, looks like it may get frontrun due to rest of market recovering.

MikeMM

I am long here. were at a great support, completed harmonic and bullish div on the macd.

MikeMM Updated 

It is hard to look at this chart and not take a position. I wish I saw it yesterday... We just sprung off major support.. Anyway, maybe we get a pullback, I will jump right in. Otherwise... I guess I missed out.

MikeMM Updated 

Not sure we get it, but if we do, why not pick some up on sale?

MikeMM Updated 

New lows are on the way, this is not the first time it has had a large bear market rally... Im looking for a shark to complete and will take a long around the support. Not shorting unless we get a bounce, even though i would be bailed out eventually, I hate being in a weak position.

MikeMM Updated 

This would also line up perfectly with a great support... This could be beautiful. Time will tell.

MikeMM Updated 

I see a strong base here forming right where it should, around the prior all time highs. Sellers are becoming exhausted and failing to make a new low. The sentiment is max bearish, regarding china, lack of innovation, or whatever other narrative you can throw at it... I have sold ever position in my portfolio and long apple 175.5 This seems like the first...

MikeMM Updated 

highlighted the important stuff here, head and shoulders as well, although I did not draw it.

MikeMM Updated 

I like BAC, But it seems quite clear to me that we are going deeper. So where is the next logical support? well, it would be the completion of a harmonic shark, a historical support, and the touch on the bottom of a falling wedge. 3 different types of market participants, and maybe even more signs will show up at that time, will likely place market bids...

MikeMM Updated 

This deviation acts as a spring IMO. Looking for the USD to strengthen here. 200 week was a support, which appears to have been front run.

MikeMM Updated 

This will take years, if it is anything like prior cycles. During this time the stock market generally has a sideways motion (the indexes) (slightly higher highs and slightly lower lows over and over. it would then crash to 130 ish and settle out at 250 as the new paradigm. I am fascinated by oil, it seems like the adult bitcoin.

MikeMM

This seems like a great overbeaten utility to own for the upcoming recession. This correction is on par for the other large corrections, its at a logical support, and the macro fits.

MikeMM Updated 

Back to support I think... It was a good attempted breakout, maybe another time. I do think we reach a point of absolute scarcity due to lack of investment in a rising interest rate environment... Just putting on my tinfoil hat... it will be after the election.

MikeMM Updated 

If you just take a look at the chart, you can see we have had the deviation below support, broke back above, and are currently retesting. this implies to me, that at the very least, Oil stocks , or chevron specifically, will keep pace with the s&p500 at the very least, until it is ready to massively outperform.

MikeMM Updated 

Looking for deep value again. Fib retrace is all you can throw onto this chart, since its an illogical mess.

MikeMM Updated 

Could go lower, obviously, this would be the bare minimum for a butterfly. I just think a minimal butterfly makes sense cause of the support that is there.

MikeMM Updated 

I am on the fence here... i am seeing a tweezer bottom on the daily timeframe. But nothing else implies that the decline is over. Indicators show nothing. The price even reversed in a nonsensical area... I have plenty of reason that a 7-8 year oil bull run is in the cards, has it already begun? are we revisiting the supports below? does it crash with the rest of...