btwice53190

btwice53190

For this bull scenario we will see us catch support off a very shallow wave 4 correction. This should happen if we see good earnings after the bell on Monday. This scenario we will see our correction catch support at the 448-450 range and from there we will rebound quickly and head back towards our wave 5 PT of 460. All dips remain a buy on 3, 7 , or 11 swings...

btwice53190

QQQ has not broken ATH's. So if we do go into flush mode and SPY goes down to create a double bottom, it is very likely that QQQ would set new lows. This would likely have QQQ flushing down to the mid 340 range. I am not favoring any of the bear counts but want this to be out there for people to realize it is possible

btwice53190

Since we broke ATH's most bear counts were invalidated. The only one left is that we see a flat correction for our wave 4 bottom. I don't favor this but need to be mindful of all the different scenarios and then trade appropriately. With this count we will see a WXY correction to the downside taking us down to backtest the breakout and form a double bottom...

btwice53190

I favor this bull count. I think we still have a 3 swing to the downside to finish off a wxy correction. This will take us down to the 367-370 range to find our wave 4 bottom. This would put wave 4's bottom at the 38.2 (most common wave 4 bottom) which aligns with the breakout backtest as well as the area that the ATH AVWAP currently resides. If we follow...

btwice53190

This is the first bull count I will post (IT ISNT WHAT I FAVOR but could be valid). Bottom could already be in for wave 4 here and we see melt up continue early next week. I think this is the path we will take if the bears fail to flush it Monday and FB kills earnings after the bell. Basically this count has us already having put in an ABC move, albeit...

btwice53190

IWM looking like it wants out. PEEK-A-BOO - lets see the rip!!!!

btwice53190

It has been a great run. Earnings next week. Big call $$ hitting it. We are approaching the 261.8 extension much faster then I anticipated. I was thinking we would see volatility in the climb which we didn't at all. Be smart about where you trim profits / hedge / set stops. Earnings can be unforgiving especially for options. We should see a slight pullback...

btwice53190

Paypal could take awhile to recover, but it appears that we are looking for our cycle wave IV bottom still and we are in a flat correction. I expect that it will find bottom between 226-244 with highest probability at 232. Long term PT (sometime likely by end of next year) I think it can see 380-400. Stop loss below 220

btwice53190

Same as qqq- we should still melt higher before next 60% pullback. We are looking (if not already found) our wave 3 top. 456 is highest probability for that spot, but we are in caution zone. Wave 4 could be anywhere from 443-452 if we get to 456. Highest probability for bottom in that area is 446-450, then we take a trip to 460 before we get our next...

btwice53190

Wanted to get my adjusted bull count out here. After seeing what we have it appears that we are either topping for a minute wave v (higher 3) now, or we could extend in that minute wave v taking us to QQQ 380. From there we will see a wave 4 pull back and we will be looking for bottom between 365-375 but highest probability at 368-372. All 3 , 7 , or 11 swing...

btwice53190

Guys - I still think bottom is in and that we are on the bull path, but be mindful up here. RSI is diverging, macd is kissing, and 447-448 is going to be hard to get through. I see a clear 5 wave move up. I expect that we are going to see a 3 swing down for wave 2 over the next several days - could take us back to ATH AVWAP at 438 range. Be mindful up here

btwice53190

SNAP earnings this week, will it continue to fly? I think it is destined to follow this channel as it makes its way to its primary wave 5 top. My next major PT here is 90 and I think earnings will be sending it in that direction. Any dip below minor wave 2 AVWAP has been a buy, so any dip below that should get bought with both hands. Note: I dont like the...

btwice53190

The move on Friday makes me think bottom is in here. We are in the process of seeing a 5 wave impulse that is going to take us up to 3800 (We are in wave 1 of it). I do believe amazon is still destined for 4k plus soon, possibly by EOY or early next year, but this tends to be slow moving. Bull signs - huge breakout Friday on the largest volume since the ER...

btwice53190

Been awhile since I got a chart out on SQ, so here it is. I believe that we are still looking for wave 2 bottom, and we are in a flat corrective structure. This means that our wave 2 bottom should be somewhere around where a bottomed. From there I see us having a wave 3 PT of 265+. I will be watching for the dip and looking for bullish divergence and algo...

btwice53190

Check out the gap off of the 8/21 ema and 50 ma cross, tied in with above the volume shelf POC. UGLY UGLY UGLY candle Friday with huge rejection off downtrend line. Bulls you need to save this thing at the POC / MA support area. Do so and we could see a big upside move really fast. Failure at that level and we likely go to test the uptrend line.

btwice53190

Here is what I call the half bear count. Full bear count is that wave IV bottom isn't in and we could go sub 210, but I just dont see that. This I think is more plausible. We are still looking for minute wave 2 bottom, and we are in a running flat (wave b can be as high as 123.6% of wave A). Now our wave C bottom (which is wave 2 bottom) will be between 61.8 -...

btwice53190

I really dont like what I saw on Friday, but this is our bull count. A series of 1-2's that should find support at the pivot AVWAP and POC. From there we go RIPPY mode and break the downtrend resistance and finally see ATH's. I really hope that this is what we are seeing, but like I said, I really didn't like Friday's action. It may have just been OpEx...

btwice53190

Bears - you better reject this thing next week. Although QQQ hasn't broke downtrend or the 50DMA, the bulls gapped ATH AVWAP and it appears they plan on taking the 50 day next. Don't let that happen. If the bear count ends up being valid we are going to likely see a very choppy descent down to the lows around the mid 340 range. This drop could be slow and...