btwice53190

btwice53190

Well after yesterdays flush we have now blown past invalidation on bull count sending us spiraling into a deeper WXY correction. Right now we are finishing off Wave A of Wave Y. We blew past the 23.6 retracement today as well, so next most likely spot for bottom is the 38.2 which is in the low 350's on QQQ. Right now we are looking to string together a 3 wave...

btwice53190

This one is looking very bullish to me, giving roblox a run for its money on what I like the best. Any dip here is a buy. I am seeing a wave 1 PT of 286 (this impulse takes crwd into mid 300's before market tops) Bull signs: broadening flag break out at lower TL Support. MACD curling looking for bull cross. Above POC. 8EMA looking to cross 21 EMA and we are...

btwice53190

Here was a request - Spotify. Crazy swings we are seeing From a massive breakout rally, then into a huge flush, where is this going. Well to me it looks like we are going down for a wave 2 to backtest that breakout. That is a great R/R level to go long. Here we are right between the 61.8 and 76.4 retracement (good zone to find wave 2 support) and we have the...

btwice53190

I wasn't even going to post this because there is a ton of IWM bear porn out there, but my count is different so why not. What I am seeing is that even with my bear count, we will get rejected but that 214 area low will hold, and then we will go rippy mode to ATH's. If my count is correct expect this to happen quickly, likely next couple weeks, and then we...

btwice53190

Yesterday made me start to favor the bull count across the indexes, WHY? because yesterday was looking like it should have been the flush and there was no follow through. It appears we are going right back into melt up mode then we will front run a flush again for OpEx. That Opex flush is going to be wave 2 across all of the indexes, not produce a new bottom,...

btwice53190

QQQ bulls - you need to break out of that downtrend and then likely ATH's are coming soon (unless we follow like last Sept and have a very very deep wave 2 - ultimate trickery to get bears and bulls confused). Based on the bears dropping the ball on the flush yesterday I am thinking that the bottom is likely in here. I think it is possible that we could still...

btwice53190

QQQ bears - similar to spy you need to flush this thing fast. If you can't come through early next week you might as well give up. Yesterday you dropped the ball, making me start to think you dont have what it takes. After the failed flush yesterday I am leaning bullish. If bear count holds true rejection here takes us into the 350's

btwice53190

Bears - every moment that passes with the market not getting flushed off the downtrend zone the more likely this is to come true. Bulls - you have this thing as primary wave 4 bottom is in. Held the pivot AVWAP from previous wave 4. Now we are in an impulsive rally up to finish off a higher degree wave 1. Bulls you need to get this thing above that downtrend...

btwice53190

This is my $SPY Bear count, similar to what I posted during the middle of the week on twitter (@btwice2), but added the waves I see within C. I could see this extending slightly above the downtrend line just to get rejected and flushed down to the 420 range to find the real wave 4 bottom. If this is going to happen the bears need to flush any attempt at rally...

btwice53190

Sorry for the sloppyness here guys. At work and trying to quickly get this up as a request.. Here is the bear count. Bear count has us only having finished the first leg of the drop. We could rally all the way up to the downtrend line where I have my first red box around between 441-447. From there we will flush and find wave 4 bottom around 420

btwice53190

Busy - so no time for detail - but chart was requested. This is the bull count, we will break the downtrend resistance and head to ATH. Wave 4 bottom is IN!

btwice53190

Gap down past wave 4 AVWAP, basically just trying to hold onto this 161.8 extension. Right now I think we likely will 3 wave to the upside but the rally will get faded near the downtrend line. I think from that downtrend line rally the market will drop again and we will see a 3 wave move to the downside to finish off a wave Y, at QQQ 352 area. From there it...

btwice53190

As promised here is the ARKK daily so we can see the count better. Right now we are coiling for a wave 2 and I think we are likely to see one more flush before a massive rally. Wave 3 PT is 166, so don't want to miss this move. I think it will likely be a leader during the next leg up ( which should begin sometime next couple weeks when markets bottom). My...

btwice53190

I am going to have two charts posted off of this, the weekly is this one, and the daily chart momentarily. Right now I see us looking to put in a wave 2 of the cycle wave 5. The next move upwards will be a ripper. I have PT of 165 range for wave 3 top. I will be eyeing 150 c's and will put more detail on entry / exit ideas on my daily chart

btwice53190

Chewy has been getting decimated and appears to be looking for either a primary wave 2 bottom, or we are still in complex correction mode looking for a cycle II bottom. Either way I believe there is going to be a retest of the breakdown and we should rally back into the 80s. Chewy looked strong to close out the week even as the market flushed. The weekly...

btwice53190

QQQ Flushed Friday on high volume through the last pivot AVWAP support. This could have a relief rally early next week, but that likely will be faded again. Next line in the sand where we could find our bottom is likely at the 14.6% retracement were the bulls look to regain control and set this wave 4 bottom. That level (~370) is the 100% extension of wave W...

btwice53190

Not much changed here since the last bear count I posted. On this count we will break the uptrend and go down towards approx 200 before we find out wave IV bottom. Note: For all you bulls out there this is the reason why I talked about the importance of hedge. If uptrend breaks we could see 205 or lower quickly

btwice53190

Super bull count here, and honestly this one IMO is what will occur. For this count our wave IV bottom was already set back in July. Since then we have already put in a primary 1 and primary 2, and now we have put in an intermediate wave 1 and are looking for our wave 2 bottom. Now it is possible that wave 2 bottom already is in as we have had a ~61%...