Quick post to those of you who've been following some of my ideas. I had previously drawn the similarity between now and 2008 in terms of chart patterns, but what's playing out seems to be much more like 1968 and 2001. Notice the double tops in green before the crash both had, which closely resembles what we're headed for now. These were also the starts of boom...
"When the Lamb broke the fourth seal, I heard the voice of the fourth living creature saying, “Come.” I looked, and behold, an ashen horse; and he who sat on it had the name Death; and Hades was following with him. Authority was given to them over a fourth of the earth, to kill with sword and with famine and with pestilence and by the wild beasts of the...
Mid July I posted my trade idea - and so far it's playing out to a T. A lot of my investor friends have been talking to me about how the market makes no sense and does the opposite of what "SHOULD" be expected. A slowing economy, war, inflation, rising interest rates, etc etc. Even our earnings season was bearish to slightly bullish for the most part. Although...
"When the Lamb opened the fourth seal, I heard the fourth living creature saying, “Come!” Behold, I saw a horse, pale greenish gray. The name of the one riding on it was Death" Hello, and welcome to the Apocalypse :D With SPY/SPX recent moves, I thought I'd scan history to see if there's anything unique about the pattern we see today. I wasn't...
AMEX:SPY History repeats itself for the most part, so this idea is based solely on similar bear markets. With earnings coming out and the massive drop we've already seen, it's not surprising we're going to be pumping in the short term. I'm looking for a pump to the $420 range before entering puts. Fed's still raising rates and all previous problems are still...
Bruh. It's the same thing just smaller... I gotta fill this out a bit more so not sure what to say other than we're goin down.
This trade idea was made by studying the current pattern of how the SPY has been bouncing on the 50 ema while remaining above the 200 ema in regular intervals. I'll call this the "Bunny Hop". This is significant because it's a sign of the stock market overheating. If you look through history, the majority of bull runs are spent bouncing across the 200 EMA with...
Fixing my idea since the original wasn't clear. LTO uptrend has been respecting the 0.382 retracement level with a hammer forming at the time of publishing this. This means we're rejecting lower prices and is bullish. Watch for a candle close like this or higher for confirmation. This doesn't mean that we will immediately begin to start the next push to ATH, but...
Posting this so people have an idea of what to look for since this could be a great time to buy LTO. We're currently making a perfect 50% retracement along with touching our yellow upward trend line (anchored vwap). Watch for a green close above these levels for confirmation they'll act as support (I'll be adding more to my position if this happens). Expect to...
These are just two futures I can see coming for PLTR. Scenario 1, we continue to bounce between our current areas of support and resistance until we're able to find a similar consolidation pattern upwards for the next push upwards. I think this is the most likely since the descent should've happened by now. Scenario 2, in the upcoming days we see a big drop...
Basic assessment of BTC by looking at market cycles along with recent indicators. Looking at price action in the recent days, it's easy to tell BTC has lost some steam in terms of volume and I strongly believe it's headed down. S1-S3 are support levels based on volume to look out for. If we see a bounce along S1, we can try to make another rally, but unlikely. I...