btwice53190

btwice53190

HEy guys , not going to ramble too much here. Go look at my spy count description for that because it is similar. Bulls - we should see a slight pullback and thats a dip to buy, we will be going to ATH's soon with next rally taking us to the mid 370's, then slight pull back before rally to 380. ATH's again before year end Still look at macd and rsi, pullback...

btwice53190

Although I currently am in the bull camp (gapped 50 dma and POC, feels like bear fumble), if earnings are poor or something else happens causing another leg down then this is the most likely path we will follow. Bears have us in a nested WXY structure looking for the primary wave X top. This could be found anywhere between where we closed Friday and ATH....

btwice53190

Hey guys, happy Saturday! Here is the (not so pretty) but still valid potential bull count we have unfolding. The red dotted line was the invalidation level for my other bear scenario. I will still put up a new bear count now that it has been crossed, but I believe breaking that level, while simultaneously gapping up over the 50 DMA and the POC put the bulls in...

btwice53190

This is my best guess right now on bull count for $SPY.. Not sure I like the initial 5 wave move up to a wave 1, but we did bottom here at the 61.8% retracement. If this count is valid we will see 446 soon (remember 445 invalidates bears). Hoping this is right, but I still am not convinced. Let the price action decide here and stay nimble.

btwice53190

This bear count has us going up for wave c of wave b, before rejection and going down to find our wave 4 bottom somewhere in the 420ish range. This is still possible, so be smart. But, with OpEx tomorrow, time is running out for bears and they need to reject this back beneath trendline ASAP. Above 445 and bulls take control IMO

btwice53190

I AM STILL BULLISH ON IWM (intermediate term). But next couple weeks could get dicey. Right now it looks like we likely will break the low set on 10/6 (i hope not, 2 bottom could already be in). But if 2 bottom isn't in, then I think we could see a deep 2 right around 215. Either way I am of the opinion of BUY ALL DIPS ON IWM. I certainly will be. Next...

btwice53190

Not even going to waste my time on a bull count (maybe if we are lucky my not doing the count will make things reverse, but dont count on it). Market just gets faded constantly. Looks like we are going to try and find bottom at the trendline around 346.

btwice53190

Figured I would post this because it isn't technically invalid, but lets be serious, the chance of this happening is super low. More then likely the top is in and we are going flush mode again. Go see the spy bear count I put out because that is likely where we are going

btwice53190

Before I start, I just want you bears to know that no one likes you. No one actually gets enjoyment out of being short, except sociopaths. Short is just something we have to do to profit in these environments It is looking like a ball game here folks and these bears likely won unless the bulls act fast. Every rip keeps being faded. I got fleeced on the open...

btwice53190

This will be the last one I do today: AFRM - looks like it is in a primary wave 5, and in the first impulse of the primary wave 5. We should be reaching a peak of intermediate wave 1 very soon of this primary 5. That wave 2 down will be a BTD (invalidation is 105 area - wave 4 bottom). Would be smart to wait to get in until after there is a clear 3 swing down....

btwice53190

Square, not looking too hot after Friday's sell off, but lets discuss what we are seeing. So anyone who follows my postings knows we took a trade on square during the initial zig zag down and caught fire on the bounce back into the 260+ range. Unfortunately we flushed into a complex correction, but was able to grab profits on the run up to have a free position....

btwice53190

Someone asked about amazon. 2 counts are valid here. The bull count is our wave 2 bottom was already set and that we just put in a double bottom for our intermediate wave 2. In this scenario we are going to see amzn turn into an absolute monster very soon and we could see 4K+ Bear count - we are still in the correction and we are in wave Y. This could put our...

btwice53190

CRWD is another one of my favs going into EOY. Right now it appears to me that it is working on starting primary wave 3 of Cycle wave V. For this count to be valid it must hold the 227 low. If that low breaks then likely cycle wave V has already completed and we could see a large retracement. short term PT 265+ if the market can play ball for us

btwice53190

AMD looks ready to go. If wave 4 bottom is in we should be seeing 115+ by end of October. Note: if the market flushes this likely goes back into the TL and then our wave 4 bottom is not in yet. We likely will see a retest of the ~100 range before then gathering momentum and going to ATH's. IMO - ATH's will be coming, it is just a matter of when. The APEX of...

btwice53190

IWM is sitting on top of the 8/21 emas, 50 sma, and POC. If the market bottom is in this thing could have rocket boosters engaged before we know it. (notice %R divergence as well) The bigger the base - the stronger the launch. Whether this breaks up or down, it is going to be a very violent move. Hopefully we are on the right side of it!

btwice53190

Right now this is the hardest one to count. I am only going to put this count out for now, as the bearish ALT to me would be that our wave 4 bottom is not in, and this thing could get flushed to 205. I just don't know at this point if that is likely and I am favoring this to be our leader going into EOY, so this is the only count I am going to post. My wave...

btwice53190

Either of these counts can be valid, so it will be key for us to use other indicators and price & vol action to point us in the direction of what path we are going down. Bulls - have this structure as a 3 wave move that completed wave 4 bottom at the 100% extension at right around 352. Now we are working on a 5 wave impulse to the upside to complete wave 1,...

btwice53190

Here is the QQQ Bear count. The bears have this thing as either having finished a wave c of B of wave Y (flush early this week) or that it still has one more leg to push up before the flush. IT does appear that it needs one final push up to see a clear 5 waves within wave c, but it may have already completed that on a minute scale. Either way - bears have...