ValkyrieBlue

ValkyrieBlue

Good luck! Not advice.

ValkyrieBlue

Good Luck!

ValkyrieBlue Updated 

Waiting for neckline break.

ValkyrieBlue

Good luck!

ValkyrieBlue

Price has reached an appropriate height to fulfill the breakout target from the massive pennant earlier this year (shown in blue). Price has now broken downwards from the exit trend and has decisively signaled with breakout volume. RSI has diverged from the September high, and ROC has fallen below the 0 line for the first time since the October...

ValkyrieBlue

Here are 3 blow-off tops and 1 failed attempt which all occurred in the last 7 months. Successful completions are marked in solid black. The failed attempt is shown in dotted black. On all 4 attempts, the price accelerated upwards to different degrees. Each target can be roughly measured based on the price move. Notice how the failed blow-off begins closer to...

ValkyrieBlue

The current technical conditions are listed below: 1. The price has broken out of the blue pennant, but has not accelerated upwards, increasing the odds that it is a head fake. 2. The price has also broken out of the black pennant, and has also failed to accelerate upwards. 3. Volume has had an inverse relationship to price for the last two months, which is a...

ValkyrieBlue

Nasdaq 100 futures appear to be setting up for a head fake of the pennant in progress since July. While this could potentially be the beginning of a major breakout to the upside, volume in recent weeks has continued to fall as the price has risen. Additionally, ROC indicates that momentum has not reached levels to the degree of previous attempts at the same price...

ValkyrieBlue Updated 

Once the price re-enters the wedge, the head fake will be complete. Target for breakout is the bottom of the wedge. Disclaimer: This is my personal opinion. This is not advice. Trading involves risk.

ValkyrieBlue Updated 

Just like Mel Brooks' cocaine high, all this green won't last much longer. - Volume has been showing an inverse relationship to price recently, a bad sign for bulls after the strong summer uptrend. - ROC is still under the zero line even after today's rally. Upwards momentum has not reappeared and should not be counted on to propel the price higher. - The...

ValkyrieBlue

1. Each price move of the pennant has taken approximately the same amount of time. 2. Volume has been trending inverse to price for almost 2 months. 3. RSI is still nowhere near the September high, even with the price at a new record. Disclaimer: This is my opinion. This is not advice. Trading involves risk.

ValkyrieBlue

If the price gets back inside the pennant, the probability of a downside breakout is very high. The most important signal would be the completion of a head fake on the upside. Volume has been dropping off which gives the pennant more credibility and increases the odds of the price making it all the way to target. ROC shows that very little momentum has developed...

ValkyrieBlue

On first sight, this appears to be a textbook cup and handle. However, volume continued to decline during the uptrend and there is a divergence on RSI. These indicators show that the underlying price is weak and will not rally further. THIS IS NOT FINANCIAL ADVICE. THIS IS MY OPINION. TRADING INVOLVES RISK.

ValkyrieBlue

OVERVIEW The Nasdaq has risen since March without substantially retracing any of the gains. The sell off in September didn't even reach the 0.382 retracement mark but many people now see it as a legitimate correction. This week, equity fund flows have shifted from outflow to inflow for the first time since March. I believe that the market has been in a state of...

ValkyrieBlue Updated 

There's still a little way to run until the simple price target from the head and shoulders. 100 points is 100 points. DISCLAIMER: THIS IS MY OPINION. THIS IS NOT FINANCIAL ADVICE. TRADING INVOLVES RISK.

ValkyrieBlue Updated 

The (revised) 1987 comparison trend is shown by the dotted channel. The battle is now centered on the bull flag shown in blue. If this flag breaks upwards, then a sustained uptrend is assured. On the other hand, this flag could fail downwards and test the short term uptrend in red. Neither move would challenge the inverse head and shoulders in pink. However, a...

ValkyrieBlue

The trend line is much more precise when using the log scale, which should be used as the default view for long term trend. www.investopedia.com @torquio

ValkyrieBlue Updated 

11520 the shoulder line of a head and shoulders pattern which is now complex. If the price stays below it, the target is the top of the secular trend (blue). A breakout up past 11520 would clear the price to launch towards the top of the short term uptrend (dotted black).