Stockstradamus_

Stockstradamus_

GOOGLE’s weekly chart is STACKED with confluences. I’ll live with any loss after such a signal. For starters there’s a Jeanius Buy on the weekly. This is signal is being printed a key area with many confluence factors (listed below). - Multi-Demand Area test that has been tested about 15 times. - Break and Retest of a supply area - Longterm uptrend that has...

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If you're interested in accumulating longterm shares in a company that you support consistently, place Nike on your watch. Even if its just for LEAPS. Technicals: It has retraced over 50% of its overall price, returning back to 2020 lows. It is currently displaying a buy combo on the monthly, 3 month, and 6 month charts, in confluence with a very strong demand...

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Price Recap: After breaking below a long term uptrend on the daily and weekly, MSFT’s price sold to a key demand zone before retracing back to the bottom side of the previous long term uptrend. Price rejected the bottom side of the previous long term uptrend in addition to rejecting a previous key resistance area. MSFT’s price is now consolidating between...

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Weekly: DXY recently sold off from a key supply area around 106.132 and 106.055. DXY is now sitting at a key demand area following a 7 week drop. This week is the second week that DXY has printed a bullish pinbar at the demand area. The current week is also accompanied by a jeanius buy signal. This buy signal may be hinting at a nice size move to the upside...

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Recap: SPY is currently in a corrective wave using price action on the higher timeframe. Corrective waves are completed after 3 legs (A, B, and C) … Each wave has 5, 3, and 5 legs per wave respectively. A (5 legs), B (3 legs), and C (3 legs). There are other specifics but I will not go into detail. For now we are operating within wave A, soon to be wave B which...

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CL1! (Crude Oil) is forming a large head and shoulders pattern on 1hour chart. It is current retesting a previous support and holding at a demand area. A clean break below demand, below 84.85 would signal a price continuation down. For now, Jeanius is giving two buy signals which could be the beginning of another deep retracement upward. If we could get a strong...

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On SPY’s 3M chart, SPY has closed Q1 with a large bullish candle. The current closing 3M candle is accompanied by falling volume. It is also touching the upper Bollinger band, in confluence with a 3rd touch of an uptrend resistance zone. Note that the RSI is also overbought again with a bearish divergence. Heading into Q2, there's been some shaky economic...

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Watching BA at this major support level near 173.97 and 180.98 within this large expanding wedge. It's currently holding a lesser support level at 177.46 and 179.32. The current weekly candle has printed a bullish pinbar so far with 3 more days left on the week. I will be watching price action over the next week or so to confirm a shift from the current...

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On the Daily TF, Price Action on SPX is holding a strong uptrend on within a large ascending channel (bearish pattern). The current daily candle is an indecision candle which is being printed at the resistance area of the channel, accompanied by a Larkuidity Sweep signal via the Jeanius Algo. Note: There is an imbalance between 5088.79 and 5038.70. There is also...

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DG (DOLLAR GENERAL) PRICE RECAP: DG has been on a selling spree since reaching its all time highs at 262.21. Along the way down, DG’s price began to trade into a channel where it finally broken out of following a bounce from the major support at 102.07 - 106.00. This area hadn’t been reached since December 2018, completing a 61.8% price retracement....

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Price Action Recap: IWM has been ranging between 162.68 and 202.01 since April 2021. That's over 2 year of sideways price movement. The question now is, could small caps finally break above this range with the FED looking to begin cutting rates mid to late 2024? Currently, IWM has gapped up right into the major range resistance and is showing yet another...

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Rationale: Following the previous earnings beat, WMT (Walmart) has sold off -12% from all time highs. It made its way down to a major support area at 152.70 - 153.67 which it broke below and then reclaimed after yesterday's FED meeting. It also bounced off of a long term uptrend line in confluence with the 60% fibonacci level. Additional confluences: - Rising...

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SPY closed below structure (support) after a very bullish candle that was formed above structure (not resistance again) on November 20th. Note today's daily candle closing back below structure is also an indecision doji that was formed inside the previous candle (inside bar candle pattern). Added confluences: -Price action (candles) care squeezing into a...

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Recap: During the precious 3 days, AMD printed a bearish candle below structur, reclaimed back above structure, then proceeded to print 2 inside - inside (a candlestick pattern illustrating price consolidation on a lower timeframe). Ahead of earnings on Oct 31st, AMD has printed a bullish engulfing candle above the highs of the previous 3 candles and is...

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AMD on the 4 hour chart is creating a possible head and shoulders pattern at a demand/support zone (Blue zone). Additional confluences: - Falling wedge at a key support/demand zone - RSI bullish divergence (Illustrated by blue slanted lines.) - MACD histogram bullish divergence (Illustrated by blue slanted lines.) - 4H candles creating a double bottom at the...

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So I am planning to pivot to futures. This is what I am watching on the Micro E mini SP500. The weekly chart is showing a possible bounce from the overall trendline. Not only that, price is forming a falling wedge and a nicely lower wicked candle indicating that buyers may be stepping in at this intermediate support level (Blue zone). To add more confluence to...

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NVDA has broken below a very structural low creating a CHOCH at 440.66. On the 4H chart, NVDA has arrived at a demand zone between 418.46 and 413.12 while also arriving at a support of a seemingly falling wedge that is forming. This possible retracement area is also in confluence with an intermediate uptrend line (green) on the 4H chart and the daily 50EMA. The...

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Healthcare - XLV Health Care: Companies involved in healthcare-related services, including pharmaceuticals, biotechnology, medical devices, hospitals, and health insurance. Economic Cycle Sensitivity: Health care companies tend to be less sensitive to economic cycles. The demand for health care products and services remains relatively stable, driven by factors...