btwice53190

btwice53190

Here is the 12/1/21 after hours wave count update for ES. Obviously SPY and SPX will be similar but this can be cleaner to count at times. Today we sliced right through a demand zone and parked right on the 50% retracement - also the last peak AVWAP. Based on this move to the downside this can only mean 1 thing - it was a wave 3... This changes my count and...

btwice53190

No new low here.... So just reposting this. I think we likely do get flushed BTW... BUT IT IS POSSIBLE THAT WE ALREADY HAVE OUR BOTTOM. Be mindful of that

btwice53190

Bull count - wave IV bottom is already in and we had a simple ABC correction. Bulls see this as having bottomed on the intermediate 2 of primary 3 pivot AVWAP - which is also the intermediate wave 1 demand zone. Bulls see us started a new 5 wave impulse to finish off cycle wave V now PT - mid 300's likely 350.

btwice53190

CRWD - wow what a ride it has been following and trading this name. A lot of big wins - and a recent loss trying to catch the run into the 300's... So where is it going?? Well I see us looking for the wave IV bottom now (NOTE IT COULD ALREADY BE IN) - but even if it isn't I dont see this going lower then 200 - which is the area of the primary wave 2 AVWAP. We...

btwice53190

I am not counting this whole thing - and quite frankly I will sit this one out for now. My bid will be waiting at 100 until I see this thing break the Down trendline (red). Notice here BABA had the falling wedge breakout (yes I got tricked as well). I went long on that signal just to get nuked and lose my gains on ER which happened to be downtrend line...

btwice53190

NOTE: NOT FINANCIAL ADVICE SQ - one of my favs. I expect an inside day breakout to the upside here - so I favor that and calls with this one. But lets talk about this real fast. I put on my last update broken under 222 and look what happened - BIG FLUSH right to my 205 zone. I said that 205 range was GIFT dip buy and that may have marked bottom. Crazy how...

btwice53190

NOTE: NOT FINANCIAL ADVICE AND I AM NOT BUYING WEEKLIES HERE This is one of my favorite right now. Yes we had an inside day - but I am not targeting this guy as a short term flip. This one is cheap so grab time if you play it. I am targeting 50-52.5 short term, so 30DTE or so should print nicely Also note indicators are already showing reversal potential. ...

btwice53190

NOTE: NOT FINANCIAL ADVICE No wonder why we have an inside bar here - that swing was nuts that day.. Crazy Ok - well tesla is stupid expensive so weeklies it is here.... Over 1140 = 1180 target. Below 1060 = 1030 target

btwice53190

I think I have to lead with this: NOT FINANCIAL ADVICE NVDA has been on an absolute tear - and with a garbage day Friday it has left us with a great swing trade. This one can be expensive - so run 2 weeks out and only put up what you are willing to lose - best case scenario IMO is that it breaks out to the upside and calls are triggered because this stock is...

btwice53190

I posted this chart last week - still looks good for a move to the downtrend channel - I will be offloading and securing profit in that zone. So far so good on this swing

btwice53190

Same as spy- either we are close to the bottom for wave 2 - OR more likely we will get some support - followed by another flush that takes us to the last pivot AVWAP - wave 3 demand zone around 380. Be smart about taking profits on scalps this week and be careful on any 3 waves to the upside. Good luck

btwice53190

Right now I see an ABC move almost complete - I expect a major bounce early next week and we either are flying back to ATH - or the bears regain control and take spy down to the 61.8% retracement which is around 444. Why do I expect a bounce? Well I see the C completing - meaning even in a complex correction (WXY) spy would get 3 swings to the upside. Plus...

btwice53190

Just a look at some demand zones on SPX so we can see where this thing may find support Could bottom very soon in the demand zone, 50SMA, last major pivot AVWAP area (4550 ish), at the very least I expect a mean bounce to the upside from this zone. If the bears retain control and reject us in the ATH supply zone then we will test the demand zones lower and...

btwice53190

NOTE : THIS IS ES AND NOT SPX SO LEVELS WILL VARY BETWEEN THE TWO - BUT COUNT WOULD BE THE SAME Diving into supply and demand zones, major pivot avwap, and looking at wave theory we can find some confluences. As of right now this is my favored count - although there are other Alt's that could end up playing out. As of now I am seeing the last 3 waves as an ABC...

btwice53190

Had to repost this since the chart image was terrible. Drinking on Thanksgiving - RIP I think amazon is going to go retest at least the 61.8% retracement from the last drop. On a break of the inside day >3622 - we could see this thing fly to 3670. Yes that is a really big move - but I think it will happen IF we can break out of inside day. Pair this with...

btwice53190

For Friday - Inside day breakout could get a move to 3670. Over 3622 consider 3650c 11/26 exp For long term BTD - should be looking for around 3400 for bottom if market flushes again.

btwice53190

Not changing anything here. This has gone deeper then I have liked but I am sticking with the fact that I thinking a banger rally is coming out of value here. Long here with invalidation just below. Trim some profits at the downtrend / flag resistance. DOW and Russ will lead next leg up

btwice53190

After this correction is over - maybe end of next week I hope ?? Apple is going to make a run for 170, gamma squeeze will continue