MoneyPatterns

MoneyPatterns

SPX / SPY - has been ready to correct for over a week. Fed Reserve assistance has keep this afloat longer than predicted. When this happens, the downturn is normally more severe since what is currently keeping us afloat is unnatural. Blue line - Daily ascending wedge - bearish pattern Yellow lines - 1HR ascending wedge - bearish pattern Green lines - Price broke...

MoneyPatterns

Someone asked me to chart JNUG . Here is the outcome. Please see the JNUG - From Outter Space - Part 1 of 2 chart at bottom of page for longer view. I am not currently in this position. THIS IS NOT READY IN MY OPINION - BUT CLOSE Daily view confirm bullish pattern correction incoming. Blue wedge is bullish pattern by itself. RSI trend confirms breakout should...

MoneyPatterns

Someone asked me to chart JNUG. Here is the outcome. View is 9D chart. I am not currently in this position. THIS IS NOT READY IN MY OPINION - BUT CLOSE We see a downtrend of blue patterns inside a yellow wedge. The yellow wedge overall is bullish with the bottom support being upward sloping. Inside the yellow wedge at the point, are two blue wedges. These...

MoneyPatterns

Note - I am long term bullish on MSFT, but bearish on the upcoming trend. I trade the chart and pattern. This trade is not completely ready for Short or Puts, but is getting very close. MSFT- Ascending wedge is coming to an end. Price position in wedge is closer to breakdown point (support) than breakout point(resistance). Retesting any of the moving averages...

MoneyPatterns

SPX / SPY pink channel is at exhaustion. We either breakout of the blue triangle next week, or start our downward retracement. If we breakout of the triangle, all short positions should be exited. Based on the chart, I am staying in this position until next week sometime or 50% loss on this option hedge. Both were acceptable losses for the payout. This is...

MoneyPatterns

We have finally reached the end of this descending wedge, suggesting a bullish breakout. The price position in the bottom resistance towards the end of the triangle suggests breakout through top at end of wedge. Daily candle today is flashing a Buy Signal. RSI trendline is almost ready to be broken. Fisher Transform flip to bullish occurred. Bullish confirmation...

MoneyPatterns

If MTUM is a momentum based indicator ETF, and is related to SPY, then the following patterns would confirm SP500 bearish correction is coming. MTUM is the iShares ETF "Exposure to large- and mid-cap U.S. stocks exhibiting relatively higher price momentum" www.ishares.com In the pattern we see THERE IS NO MOMENTUM MTUM pattern has megaphone top. Tilted up...

MoneyPatterns

SPX / SPY -multiple indicators suggest overbought and correction is qualified. However, with Federal Reserve putting liquidity without notice or disclosure to the public has lengthened the cycle. While this was unpredictable, this kind of action is unsustainable. After getting contradictions from some members, I objectively redrew the blue wedge. After looking at...

MoneyPatterns

I will be entering at $155+, or break of pink wedge. Pink ascending wedge in MSFT chart is a repeating pattern. Typically corrects at end of pattern. We are reaching this point by January 15, 2020 or earlier. Red boxes are gaps to fill, although we may not fill the $123 gap. We should fill all gaps down to the yellow support line. I am waiting for $155+ to buy...

MoneyPatterns

Semi Outter Space View (Get it...semi :) LOL Not Ready Yet - I'm waiting for $140+ to buy Puts - Update coming at SMH $140 SMH Semiconductor ETF is referred to as a leading indicator at times as it shows slowing of high growth tech aspects of the economy. The SMH ETF has companies which make chips for AAPL, and AAPL is a component of SPY. So these tickers...

MoneyPatterns

Note - When dealing with VIXY and other VIX derivatives, keep in mind these are "volatility" plays. This means using risk management, stop losses, and price alerts IS A MUST. VIXY and VIX related derivatives look to have some excellent short-term and long-term potential. This also confirms for me the SPY downturn coming. In the past, VIXY has closed all gaps...

MoneyPatterns

SPY 4Day view is beneficial since this acts like "half a week". I find this allows to see weekly trends before they occur. Price trend on 4Day has broken white uptrend channel. Last several times there is no retracement back up after breaking the channel. The pink channel support line is the same level as the 200SMA(red line). This occurs on Daily thru Weekly...

MoneyPatterns

AAPL on Weekly view confirms downtrend is just starting. We have hit the blue log resistance line (from Outter Space AAPL chart) and rejected. We saw this coming, so this is good. Based on current price trends I am currently in December Puts, looking at the April 2020 puts later. Good- We have broken white trend line and are at the top of the rejection. We...

MoneyPatterns

SPY bullish trend has ended on Daily view. On Weekly view, we are about to turn bearish indicating continuation of bearish trend. We are following previous fractal well, but this is not exact. We have several upcoming events: -Fed rate meeting - 12/11 - expected no change but rate increase is rising on chart www.cmegroup.com -Britain Elections - 12/12 - committee...

MoneyPatterns

Daily view shows that short term we are overbought. Weekly view better confirms TGT overbought with RSI trend maxed out, Fisher Transform making wedge pattern, with next trend being bearish. Based on the chart, I see we pullback to close the first gap (red box) which lands on the white line channel. Then ride white channel up for a week or two, fall back into the...

MoneyPatterns

Weekly view confirm that the downtrend is fairly exhausted at current levels. Gaps below are all filled at this point. Only up-gaps to fill now, which indicates upward price movement. This is confirmed in the shown chart by all 3 indicators at bottom. Ready for reversal. I agree with PlanB that this is just normal BTC behavior. "It's just normal #bitcoin...

MoneyPatterns

RSI is 24 on BTC currently. Other indicators like Fisher Transform and Filter dots are at the lowest point since the Nov. 2018 selloff. To me this signals we are at the bottom. Rebound is not only immenent, if it follows the last dip to this point we should see 100%+ returns in the next 6 months or less. We are currently resting on the pink diagonal support....

MoneyPatterns

TGT currently looks to be one of the only retailers with positive returns currently. The log chart shows a 45 year history where the support and resistance have many points of contact. This strong support and resistance implies that the current trend will end when we get to top resistance. The length of this current log trend from 1970's to 2020 shows the pattern...