PontusTrader

PontusTrader Updated 

They're just ramming it into supply zone now, the desperation of the move up is clear. 13,300 is a good short area, I think we get a 5 wave down from there to 11,800.

PontusTrader Updated 

This is going to be a big move up, get long vol right now!

PontusTrader Updated 

Am long GRT, this one is about to breakout and run hard! Also if you count the waves, we're about to put in wave 5 right now.

PontusTrader

Very nice bear setup here!

PontusTrader Updated 

Even with stim pass, the algos aren't able to get past this wedge. Lot of bulls are going to be trapped up here. Although we did break out of this desc. broadening wedge on the daily, so any shorts here gotta be tight stop lossed. I'm shorting from 3909 myself.

PontusTrader Updated 

Chart with trendlines drawn from 1984. Pay attention to the red line, see it on the daily below. One last bullish exhaustion move up before generational top. Here is the daily zoom in.

PontusTrader

Four year rising wedge, it's finally going to break down out of it. Any fund who doesn't see the impending correction coming is blind!

PontusTrader Updated 

Pretty self explanatory, it's primed to sell off.

PontusTrader Updated 

Should not break to the upside here... but it's a very strong trend so it might. Would be nice to see crude plunge however.

PontusTrader

We are going to 2% and dragging everyone kicking and screaming. Fed cannot implement YCC just yet, things need to get way more gruesome to justify it in terms of optics.

PontusTrader

Pitchfork drawn from far back, I think it allows for a big drop in equity prices.

PontusTrader

Going to make a bold prediction here, based on the expansion in volatility of moves that will allow this to happen. The question is, what will the catalyst be? Has to be something bigger than corona in reverberating impact.

PontusTrader Updated 

TSLA tried to get back into this wedge, but failed - the pullback was rejected. Selling comes now and it will drag the S&P500 with it hard.

PontusTrader Updated 

The symmetrical triangle broke out, we are now riding the res throwback from which I believe we will burst up higher from. On the chart, I've highlighted the price bursts which happen around end of day / margin call time.

PontusTrader Updated 

Wedge pullback on broken support, then selling hard towards the $100 area.

PontusTrader Updated 

Great chart, support bounce on that Feb 23 sell off, double tapped too, everything is prepped for moving higher! I am long from 65, regrettably I did not double up on the sell off because there were too many other long opportunities to take that I forgot about ADA.

PontusTrader

Although it is a bullish falling wedge, the confluence of two strong resistances here should be a good risk/reward short. DXY still up and TNX yield not hammered down enough today to warrant this amount of exhuberance. Bear in mind, something absolutely crazy like a run up to 4020 can happen, so be quick to eat the loss if you short this setup right now.

PontusTrader Updated 

This is nearing the end of the bull run. The coinciding successive bollinger band breaches to the upside on the monthly right at long term channel resistance spells one major leg down coming up shortly.