abigreen

abigreen

It felt back into its last year bear channel. Most likely It will try to break out of it on Monday, if this was to happen it needs to break 386, target would be around 399 If its rejected (I give it big probability) it will fall to 376, where we have some good support. SPY is oversold on 1-4h VIX is overbought. All in all I hear a lot of traders looking at this...

abigreen Updated 

Looks like SPY breaks the support and will fall to 393 and will test its previous year long resistance flipped support line. Its seats in megaphone pattern, which should be bullish, but....

abigreen

I took profits and I am waiting for next move. Whats painting is H&S, so perhaps we'll go up in the morning and fall mid day to previous low at around 8.40, from there if the market bounce (high probability) we may go up again to 9.20 ish level. I am not going to play big on this one. Wait for NIO to double bottom to take this trade. Good luck

abigreen Updated 

Short term I expect a bounce within the range, dead cat if you like, based on being oversold across all time frames. Longer term, Looks like more blood will be spilled for NIO. Way to many gaps made from 2020 run, and gaps like to be filled. Good luck !

abigreen Updated 

BULLISH: Healthy Retracement to its support, test (previous resistance from weakly resistance) 1-4H bullish divergence Elliot wave count, last wave Diamond pattern indicating reversal. (it was broken EOD yesterday) BEARISH: IF we break 394, we break daily support on uptrend, may go straight to 388. Good luck!

abigreen Updated 

Looks like it will go for a test of its lower band support at around 397. We may bounce this morning to its previous support (pennant) which is at around 408, if rejected SPY will fall to 397 level. In order to keep the uptrend intact SPY will have to hold there. If it does, then last impulse to 427 is possible.

abigreen

SPY bullishly pushes higher Bad earning, bad inflation and potential of higher interest scares it not. I think its a bear rally and it will end up badly for the bulls. It makes litlle sense, but when it does make no sense, you know something will happen. Target seams to be 427 SPY formed uptrend pennant , bull flag and is ready for an impulse higher. Then...

abigreen Updated 

Beautiful setup with high probability for long swing trade. Falling wedge, followed by breakout and retest. Oversold on all time frames. This is excellent setup for a long swing. Target is 4.8, which is previous long support (now most likely resistance) 4.8 is also exactly at fib .38 I entered yesterday Due to high volatility, I don't recommend to trade it,...

abigreen

I expect small bounce at around 370 starting Friday, which would form H&S, then fall to 340 Watching 50EMA on Daily as possible target , then long short Good luck.

abigreen

SPY has dumped too much, should stay above 400 and it didn't. It was already oversold on 15min, but dumped more.... It could be a fake out, so I am going to see if it can bounce back to its support (now possibly resistance) and if its rejected I will take a swing on a short side. The level to watch is 395+- and if that gets rejected I am short. As for Monday,...

abigreen Updated 

Made it for fun more then anything. Hi Probability that 430 is the top for this year.

abigreen Updated 

What I am seeing is again formation of bullish pennant with a possible breakout in the mid week. We should stay in 400-406 range, check the green triangles. IF the momentum is strong enough it can break the year long resistance at around 407, which if we were to stay in the channel, we could go to 416. For next week Most likely 400 area is a buy and 406 is...

abigreen Updated 

Spy has rushed and It will need to consolidate. I would guess its going to happen today or tomorrow morning. I am looking for a short entry for a scalp, it may be very quick thought as buyers are most likely buy the dip. Short entry 400, target 390 Long entry anything between 385 and 390, target 407 Good luck!

abigreen Updated 

Today I entered long position on SPY I was waiting for 385, but 390 was in my plan as well and seeing strong push, decided to go in. My Target is 407, but Ill be watching this level when, if we get there as my gut feeling tells me, we may break the resistance this time and go higher. Is the bear market over?? No, but I think we'll enter another stage of bear...

abigreen

Not sure this time, I think a lot of traders will get in around 5.28, but I think it will fall further to 4.50 area. If market conditions are favorable, them $11 would be my target.

abigreen

I expect another 1.5% down then up to 405 - 407. I will be watching that level as we may have litlle Santa rally as well as fake breakout from bear channel.

abigreen

If NVDA was to maintain the uptrend, I see another leg down to around 153, then long to 183

abigreen

Perhaps, I am more bullish the bearish to end this year going long. I think they will pull the rug in January. Good luck