selling utilities has proven futile after the rotation in risk off assets recently.
what the sequence and ttm as well as supertrend and trama all indicate is a continuation pattern daily.
you could really play either side of this, but the risk reward may be proportioned better long. i would stop out if we fall through this channel and complete bear sequence.
im buying the election outcome for either candidate. heres my reasoning. both are proposing fiscal spending. both are campaigning on tax cuts. both candidates are contributing to a loosening monetary policy and impact on competition to us ai or agi and semiconductors. big tech runs on venture capital and both candidates are leveraging some form of trade war.
here...
theres no reason to this this stock will climb for many days without a contraction and consolidation period toward the volume area labled with dots in center. this is to bear in mind that the current pattern is very bullish on lower time frames, but ahowing signs of being highly overbought. im going to short this knowing that volatility is rising and the sell zone...
ive ahorted this stock on similar contrarian moves, and its been succesful 90% of the time. right now ttm squeeze is flipping, td9 bear exhaustion has printed, we are far outside vwap bands and weve hit supertrend. market structure is also far below price pattern, and the daily bull reversal is threatening to return to an overall bear trend.
im big on shorting moves that dont have much of an underlying reason to continue and are overextended on higher timeframes. the speed and ferocity PLBY tackled this mornings volatility is staggering, but that should return to the overall bear trend. even if this move lasts all day and continues to retrace weekly or monthly highs ill remain ahort PLBY knowing there...
it may not be over. if we break through this 5 min high theres very little resistance to daily gap close, and if we fall through this open its almost a guarantee to short to the weekly lows. i would stop out either way if it halts or has undue volatility other than large predictable and steady swings. that being said im leaning long because of how it has set...
the range has toghtened ever since we had the last major event in vix. the series of lower highs and higher lows in this etf indicate squeeze in the underlying index and the s&p500 beneath that. as uvxy sells puts, it follows the natural flow of puts in the broader market like TSLA or AAPL. as long as the consolidation and uptrend in weekly spx is healthy, uvxy...
nothing more than usual. the price will usually have major fallout from large distributive bull moves that fail to break through resistance when it double tops at monthly or weekly highs. this is still a beloved name for a lot of investors that will probably continue to be volatitle. i would long if we break through this daily cypher, and take profit at the Be-Ob...
no. usually bitcoin continues to hit new all time highs when it double tops at resistance and breaks through on higher timeframes like the weekly. the daily may be overbought, but look for this to push toward $79k soon.
This nasdaq daily top gainer had a run from this morning to the upside. this move is fading and reaching a tightening range or equillibrium and setting a lower high around the .5 fib retracement level and vwap. td9 has printed bull exhastion and ttm has signaled contraction.
semiconductors and especially large TPU manufacturers have developed a share in a tech rally that is probably not over. the stock usually continues to break to new all time highs when it initially gets through double top weekly resistance at new highs. this volatility is not over, but there are clear levels where the market structure could rebound to poc and vah...
