cbenedetto10

cbenedetto10 Updated 

Bullish megaphone formed, AAPL oversold on just about every time frame, making for a very bullish move up tomorrow. Or we tank in the morning, one of the two.

cbenedetto10

Just trying to predict the bottom of our current bearish selloff from midday today. I believe we formed a head and shoulders from 05/27-06/09, the breakdown happened mid day and I believe SPY could continue to fall a little farther to $399 tomorrow morning. I believe either one of two things happens then, either we bounce and retrace to 416.27/420.15, or we end...

cbenedetto10

Either we bounce tomorrow inside the wedge and breakout to retest our previous high, or we fail to bounce and fall to the bottom of the channel. I believe AMZN is too oversold right now to not bounce tomorrow. Or I'm very wrong and we tank tomorrow.

cbenedetto10

Most of the analysis is in the chart. I believe there's a strong chance we continue the selloff around open and fall to the potential megaphone bottom in the chart and finish a bull run by EOD maybe? Or we tank in the morning, one of the two. If the megaphone does play out by EOD tomorrow then Im very bearish for Monday.

cbenedetto10

I don't have too much to back this up so take it for what it's worth, it just makes sense to me. I hope it plays out.

cbenedetto10

Continuation of my very rough H&S post with some newer supporting analysis, I could also be very wrong and AAPL does terrible next week.

cbenedetto10

It's a very rough H&S pattern forming and I'm probably wrong just because other things I've seen aren't lining up with the timeframe my idea would work on. The only saving grace this rough pattern has is that the gap still has to be filled from the Friday open drop. I'm thinking that whenever AAPL gets around to filling the gap the second shoulder would finish...

cbenedetto10

Don't listen to the fear monger shorts who want AAPL to fall. The stock market is a combination of patterns, news, company performance, and self fulfilling prophecy's. The key thing I'm trying to touch on here is the self fulfilling prophecy part. People post their ideas here for a few reasons. Some people want to test their abilities in tracking and predicting...

cbenedetto10

Seems to me SPY is forming a head and shoulder pattern after a sideways trend off of a run-up.

cbenedetto10

A bearish pennant formed and I expect SPX to fall to about the 4144 levels tomorrow.

cbenedetto10

Inverse Head and shoulders pattern forming, more clearly on smaller timeframes like the 5 or 1m charts. Expecting Spy to reach 440-443 by EOD or near beginning of the trading day tomorrow.

cbenedetto10

I'm in no way a professional or giving any advice Im just sharing my personal analysis (disclaimer: my analysis may be flawed so take it for what it's worth if you think about trading based off of it)