UnknownUnicorn1043646
Idea for SPY: - We now enter a short position as per seasonality and macro headwinds. - Price offers a QUALITY stop level above the descending channel top. - Bear flag/Rising Wedge breakdown. Oct/Nov puts may be a plentiful harvest. Would consider reverse if the 440 level breaks out to the upside in a manner of conviction. GLHF - DPT
Idea for SPY: - Price had a rising wedge breakout to the downside, but was temporarily oversold. - Price formed an Adam and Eve reversal structure. - Great fear was sold by the media at the local bottom in regards to Evergrande, as PBOC boosted daily liquidity injections and Evergrande secured payment to avoid default. Put volume spiked to levels not seen since...
Idea for SPY: As of now, OpEx did not disappoint. We are in a descending channel and closed below prev. pivot range which sets a bearish tone for Monday. However, we may rally to the top of the channel for FOMC 22nd and still be bearish. DCL expected 28th~ Over 4485 must abandon short. (Over 4500 and back in the wedge would return bullish) Price had painted an...
Short SVXY starter position. Short SVXY shares is superior to credit spread IMO. Not quite ready to add to UVXY calls yet.
Idea for SPY: - Quality Long stop offered. - Quality Long level defended 2x by bulls. - Reassess after OpEx Long SPY 445C Sept 24 2.40 debit GLHF - DPT
Idea for UVXY: - We are in the WINDOW OF WEAKNESS (OpEx, FOMC). - Now we have made a Right Shoulder and DCH on Indices, the nature of today's rally appeared too quick and corrective in nature against the dominant cycle: - Price first appeared to have easily broken back into the wedge, yet fell back out in the end of the day, indicative of a possible TRAP before...
Quick Idea for SPY: - 50 DMA offers a quality stop long. - Looking for Right shoulder/DCH. - There is weakness in dominant cycle, but looking for a Daily Cycle High before OpEx (markets tend to rally right before Quad witching). Not expecting the dip buyers to let this support break so easily, without at least 1 bounce. We could get punished for going against...
Model Forecast for Mega Uranium Ltd.: - Model has produced a Line of Least Resistance. - Mega Uranium Ltd. is a uranium mining and development company which explores for prospective properties primarily in Australia and Canada. - This is a second wave "junior" that has been in existence since 1990 with a promising balance sheet. - We believe that a macro turn is...
Idea for XLF: - For summer-EOY, will likely need to look at Finance sector as one of the leaders in indices. Technicals: - Price losing momentum (falling into lower channels), bounces appear corrective in nature. - Distribution pattern formed. - Ending diagonal broke down. - Price very likely to sell-off to bottom of the megaphone pattern, 9M SMA, 20W SMA,...
Idea for Crude: - Oil at 40 year resistance. - Developed a Distributive UTAD pattern, which I shorted early. - The nature of this move suggests a reversal of the bullish trend. GLHF - DPT
Short shares, Nikkei is on last legs. Check related post.
Speculation for Bitcoin: - The Classic Bubble Pattern. - Speculate 'Fear' by Oct 15. - 'Despair' <10k (6666 bottom) GLHF - DPT
Technical Idea for Bitcoin: A Brief: - Rising wedge reversal. - Possibly a secondary entry at 52.5k~ for descending ML channel top retest. However, we have already retested the wedge (2x). Then retested the median line of the descending channel. - Last pump was a washout before the flush (running stops), Bitcoin MMs are very tricky. Had you entered short at 50k~...
Idea for Bitcoin: - Wyckoff LPSY + Head and Shoulders, last Wyckoff model's penetration was prevented, but it made another, more familiar classic pattern. - Currently at "Return to normal" phase of a classic bubble pattern. - Aug 18 = 6+6+6. GLHF - DPT
Idea for Nikkei: I'm waiting for Asia markets to drag down US markets, but why not just short Asia itself first? - The sugar rush of QE is over, and Japan is rolling over. Expecting its bear market since Feb to resolve in a capitulation at least down to a monthly support. - Nikkei under 100D and 9M and at critical support. (50W) - Expect to quickly capitulate to...
Idea for COVID-19: - We believe that the fight against COVID-19 has entered the mid game. - Can COVID-19 be beaten in the game of evolution? We think so. Viruses are rational actors, and will behave as a population in the interests of their evolutionary fitness. - While the media's narrative of "wave 3" of COVID-19 has spread and is widely known, Motive Wave 2 of...
Long TLT shares with 2% and 41 deg SL This is very important diamond:
Idea for SPRT: PVVol: - Excess rejected outside of daily BB, relief rally stuck on 4H BB resistance. - High Volume rejection, fading volume on relief rally. - Highly volatile 'Final Grand Rush' with rejection. Structure: - Wyckoff Distribution structure, BC UTAD made. Now at possible LPSY, shorting at LPSY is favored to UTAD. - ML diamond both...