axelroark

axelroark

Target of 34 for short.

axelroark

Apple has some divergence to repair. Must cleanly break out of here next 24 hours or so.

axelroark

My guess is short, but sometimes these break the other way. Could play a straddle.

axelroark

Patterns repeat, and so has the divergence.

axelroark

Has 55dema and 50 day support at bottom of channel. Could see low 30's before any chance of rejection.

axelroark

Projected move based on a combination of chart patterns, EW hacks, and implied volatility. This would obviously imply a move lower Sunday/Monday on ES and SPX.

axelroark

Meant to buy this at 30, but got sidetracked and I'm an idiot... But, earnings beat, and with economy about to open up, this looks poised to breakout towards the 90's. This may be my trade recommendation of the week. We'll see.

axelroark

Here's why I'm not buying this selloff necessarily. 1. Famous double double bottom setup 2. .5 - .618 retracement done 3. Closed above support

axelroark

I am bearish equities because I believe this rally has topped, and this VIX chart offers great confirmation to the thesis.

axelroark

If 30-32 breaks, look out below.

axelroark

$AAPL's final descent has begun. Targets in purple. Final target 141.

axelroark

Play the range until one of them breaks, then play the trend from there.

axelroark

$DRI weekly. Biggest volume in history this week. People will still go out to eat, and you can get this stock at NEAR 2009 LEVELS! I'm a buyer here. Sorry not sorry.

axelroark

$CMG printing a bit of an exhaustion candle. Gap to fill at 343 or so. Might be a good short here.

axelroark

$AAPL finally broke down and closed below trend. Fakout or not? I went short Friday, expecting a small backtest before free-fall towards 178-180. Would set stop around 246.

axelroark

Chart 3 is suggesting next support rail is 8% lower. This extends from 1984. Notice also that every major bottom showed a series of bullish divergent lows. We only have our first here, so a long way to go towards a bottom. This leads me to believe: 1. We are not at the bottom 2. Monday's gap open will lead the way to next target. Gap down look for retest of...

axelroark

Chart 2 shows that we *could* be bottoming here using the 10sma on the daily RSI, but it's not a very strong signal, and it's below support.

axelroark

Quick studies on the $NYSE don't look good. As chart 1 suggests, we're holding support at 2016 levels, and could backtest the breakdown, which would result in an upwards move of 28%. Could also gap below Mon open. 2011 levels are next. 28% lower