UnknownUnicorn2538164

UnknownUnicorn2538164

Short term EURO idea over the next 2 weeks or so.

UnknownUnicorn2538164

Here's an ultra bearish diverging channel setup on FB. This is a very low probability play, but could offer a big reward if it plays out accordingly.

UnknownUnicorn2538164

A wedge has formed on the crude hourly. It could break either way, but I'm leaning toward the short side with a target of at least 65.5 over the near term and possibly 63-64 over the next week or so.

UnknownUnicorn2538164

The e-mini is setting up to quickly run down to the previous months low's, and possibly the 2400 level by June or so.

UnknownUnicorn2538164

Some short targets for the few remaining bears. Keep in mind the options skew bearish since there is very large open interest for in-the-money call options. My opinion is that we will see a low around 63-64 in the next week or two.

UnknownUnicorn2538164

FB recently bounced off the 167.5 resistance level shown here. Watch out for a decline down to the prior lows, and possibly the 122 level in coming weeks.

UnknownUnicorn2538164

For an equity that has declined 90% a year since inception this years trend is very unusual. Look for a bounce off the trend-line and maybe a run to the higher fib extension levels.

UnknownUnicorn2538164

A possible setup to run up to 1380-1385 into next week.

UnknownUnicorn2538164

a possible short target heading into the end of april

UnknownUnicorn2538164

Not sure what this is about but after the 66.66 peak earlier this year the dow fell by 666 points. Since then local highs in the crude have occurred at 66.55 and recently today 66.44.

UnknownUnicorn2538164

Possible retracement higher in the e-mini to the 2747 level, before heading lower.

UnknownUnicorn2538164

The extent of the bond rally last summer lines up nicely with the .618 fib retracement shown here and gives us a target heading into the end of May. Almost like someone planned it that way. Possibly wait for a pull-back to the blue-line if going long.

UnknownUnicorn2538164 Updated 

This is a followup to an earlier post on the e-mini and AMZN. You can see here that the e-mini put in a series of higher high's last week and was bid up off the 50% bullish level shown here after the sell-off on Friday. This puts on the appearance that the e-mini is setting up to retrace higher over the near-term. This was my earlier impression on AMZN. ...

UnknownUnicorn2538164

Well, contrary to my reading earlier, crude did not have a meaningful retracement, and they instead decided to send crude prices lower, finishing out the week at the low. Looking at the chart, the outlook on crude is downward. Notice how earlier in the week they pushed prices higher after hitting the 50% retracement from the low on 02/09 and the high on 03/25,...

UnknownUnicorn2538164

Well, Amazon sellers waisted no time in stepping in today, along with the broader markets. My impression is that today was about positioning for a retracement higher next week, before a large downside extension, possibly later in the month. Notice how AMZN closed at nearly exactly the 50% retracement from the weekly high and low. If AMZN retraces higher, we may...

UnknownUnicorn2538164

Commodities can be a bit of a hit or miss trading off the fib. levels. But since bottoming in 2016, copper has been run through the 2.6 extension level shown here and appears to have been bid up off of that level all year. So, we may be heading to the next level up in the not to distant future.

UnknownUnicorn2538164

This is an update on the bearish crude thesis running through April. I'm thinking here that we could continue the pattern of the past week where the price is run down into a partial extension and then brought back up by two fib level, only to sold down to the next fib. extension level. This would imply the price could be brought up to about 65.08, then sold down...

UnknownUnicorn2538164

Today Amazon began to retrace from the low's early in the week. Based on the price movements from yesterday we can predict an extension based resistance zone in between 1470 - 1543, with the short term extension lining up nicely with the longer term downside levels. It's hard to tell when the sellers would come back in, but if they do we have a near term...