cerealpatterns

cerealpatterns

weve had a big runup to major resistance, and were inside that sss supply zone below a pivot marked out by the dotted line. if we stay beneath that area treating it as resistance i would aim for the lower horizontals looking to retest the sss moving average or signal. if we breech that resistance to the upside i would aim for the upper horizontals. most likely...

cerealpatterns

an exodus in energy that has been expected as the price of oil could drop significantly may express itself as a short squeeze in DRIP. if we find a weekly higher low i would imagine holding the pivot price and aiming for upper horizontals is logical. if we fall beneath that pivot as resist areas above where a higher low could be set (the 62% retracement area) i...

cerealpatterns

xbi is displaying strength on the daily as far as qqe and sss strategies are concerned. if we stay above pivot im targeting upper horizontals as rising 4hr triangle could bull pennant, and if we fall beneath that pivot resisting from rising 4hr triangle i would target lower horizontals.

cerealpatterns

all gas no breaks with a full tank and a full trunk. this covid vaccine stock enjoyed a huge runup to the release of the vaccine, but since has languished on the monthly as it lost over 90% of the price high. im not looking towards this as a long term investment, but im buying the rumor that nvax is announcing new trials or a variant innoculation or at least some...

cerealpatterns Updated 

nvda has made a quick return over the past couple months, and theres no reasont that if the broader market continues bullish that nvda should not participate. if we get higher lows in daily qqq i would imagine over $200 for nvda, or around the highest horizontal is in play. if we resist from the first horizontal and set lower highs daily qqq breaking pivot to the...

cerealpatterns

the 4hr picture on qqe and sss is short. the last time this happened we had to revisit some area of supply/movingaverage in order to continue. theres nothing saying the dollar cant squeeze and bitcoin experience a little snapback to recent lows, and i would be cautious entering long here hoping to bump higher on the weekly. the picot price ive marked out here in...

cerealpatterns

its been a powerful statement from bulls the way vix has been in the dumps on the weekly. if you shorted vix since early june you made out really well. the problem is that a high vix displays a market letting off steam, and the rally has been a faceripper to the upside without consolidating on the weekly. if we have some choppier action on es1!/spy treting the low...

cerealpatterns

semiconductors have been a lead bear in this downturn since december, and a lead bull on the monthly bounce from the lows since july. if we roll over here setting a lower high on this etf around the first upper horizontal i would look for broader markets to consolidate on the daily. if we treat pivot as support i would target the upper horizontal and look for...

cerealpatterns

if we stay above pivot, there is nothing stopping the top of the sss supply zone from being reached, and qqe rsi signaling bull with a green sss on the weekly. if we pivot higher i would aim for upper horizontals, if we fin ourselves making a bear cross at this key resistance i would aim for lower horizontals if sss stays red.

cerealpatterns

there are two strategies long vix on the hourly with good reliability. vix will probably test some suport over the last part of the week, and move higher as broader markets consolidate. if we resist from ketly levels vix is still a short. pivot critical where price action is now.

cerealpatterns Updated 

im depending on this large cap value in tech to lead the way for the rest of the market as a bellweather in technology. if we fall beneath pivot to start testing sss signal as resistance and it turns red were headed for daily consolidation in tech and the broader market, probably testing that ma as support. if we keep a green signal, and hold pivot testing as...

cerealpatterns

there are a couple scenarios for the critical resistance weve just about come up to on the l nasdaq. i think were above pivot, and where we start out friday will define next weeks activity. if we hit that resistance sss moving average, and we fall beneath the pivot forming bearish divergence daily rsi i think were headed for daily consolidation. if we breech that...

cerealpatterns

the rally has been very strong for a week, and im looking toward the resistances carved out over the last few days to find a bear entry scouting hourly rsilevels and sss signal to turn red qqe making a short entry

cerealpatterns

if we get continuation over this pivot, and a consoladative effort is made finding a higher low on longer timeframes we should trend toward the upper bands and horizontals. if we find a lower high, and bears show up to vix around the pivot we should trend below the lower signal and horizontal.

cerealpatterns

this stock has done well since the early 2000s. every time weve been in a bear market it has recovered to new highs. if we see another bull montly reversal pattern form here we could see thisprice over $60 someday soon.

cerealpatterns

if vix loses the 1 hour uptrend, im guessing it will double bottom

cerealpatterns

losers/gainers looks like it has peaked weekly, but will show an opportunity for more longs after consolidation in the second half of the year

cerealpatterns

put/call ratio cboe has hit the top of the band, entered short amd then trended toward the bottom band hit the top and then averaged out indicating there may be a peak of call activity followed by a return to heavy puts