cerealpatterns

cerealpatterns

TRAMA is crossing below VWMA and anything under gap close likely confirmation of bear reversal for the inverse, and there are more bearish scenarios realistically than bull for this inverse.

cerealpatterns

since the top in december trama has crossed below vwma, and both have continued down together. the rare times they have diverged bullishly and rose together have been short lived. if things are going to be different this time the trend has to abruptly change. if we get a higher low compared to 27 and we break 33 i would shoot for 40 region. this rally is for...

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im exploring different setups for a weekly bounce, and also prepared if there isnt one. theres not much to say other than if we hold todays low the channel break will continue moving away from regression and we will get a bounce, maybe 4022, and if we resist from mondays high and break its low im looking toward 3875 whereabouts im still looking for a bounce. its...

cerealpatterns

spy daily should close the gap vix seems liek it already topped, and market is flooded with puts. its a safe bet that we move somewhat higher intraday even if momentum stays bearish on weekly timeframe. if we rhs on daily the weekly bounce has already begun.

cerealpatterns

no. if you look at the YTD date range its clear that, while niether stock is doing well, especially since april when the announcement was made the TWTR poison pill tactic has worked. yes, this means that not only is musk not going to be able to survive a twtr takeover, but hes actually already paying for his mistake. i dont expect this to change.

cerealpatterns

the gann fan and log view with broadening wedge indicates stock is trending toward long term support. if we cant close over the 4/1 monthly its probably headed for that lower trendline. were at horizontal support so a bounce starting here would probably head for the 2424 area. closing above the mid 2400s and we could head for 2988 where TRAMA is currently hanging...

cerealpatterns Updated 

weve had a very impulsive move up from the corona lows, and were now experiencing the correction that everyone knew was coming. now that everyone 'knows' were in hot water and is wondering how hot it can get panic selling should lead to volatility drying up. we may just get that impulsive move back up from here.

cerealpatterns

depending how futures market plays out tonight and if people keep buying a mondays open we cod have very different outcomes. the bull case is essentially if we see RSI, Double STOCH signal remain positive or if we hit resistance at gap close and continue lower or make a double bottom. even in the bull case we could rally for a couple weeks and then double bottom....

cerealpatterns Updated 

high 19s are due if we can hold above high 18s. were headed for that same resistance and if we break the quad top it will close the gap at 20.05 . short targets are lower horizontals if we cant hold high 18s and the middle line is what i think would be a good pivot. TRAMA is flatlining, and VWMA is wobbly but if we start to see red crossing above blue and trending...

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if critical support provides meaningful buy volume and we close the week near the highs then semiconductors, and the broader market could exhibit a bounce here towards lower 36s. if we see another wave of selling down at these levels were probably blowing through that support on the weekly trending toward upper 16s taking the market with it as semiconductors are a...

cerealpatterns Updated 

uvxy has seen a lot of choppy action for weeks but the trend has been upward. if we keep seeing TRAMA and VWMA rise together on the daily and double stochastics signal remains bullish we should end the week higher as long as spy stays under 400 holding mid 18s uvxy would indicate were due for a trip back up to high 19s

cerealpatterns Updated 

if we hold the 18.50s and break upper 19s retracement will be good enough and well be over rising vwma and trama if we reject 19.75 and close below a significant low on the 5 minute then stiff overhead resistance means were in for low 18s. if we see that close into the upper 19s were headed over 21

cerealpatterns

because everyone is saying we will. but in all reality every harmonic tradingview can automatically produce is saying nasdaq futures are exhaused to the downside. im not saying were back in a bull market. im just cautioning shorts not to get overzelous, and pointing out that we may see a bounce this week after 5-6 weeks of red. 13700 is a decent target if we start...

cerealpatterns Updated 

id call it 68/32 that we have a daily bounce attempt if we hold these lows. id look for a lower weekly high, and some additional bearish activity going into this week. weve had a good rundown toward support that did break lower on the real body of futures and cause momentum toward backwardation. 5-6 weeks of red usually calls for a countertrend rally and elliott...

cerealpatterns

were up 15% AH and trying to consolidate if we can hold the $0.49 area and stay out of oversold stoch on the daily beating $0.545 and breaking $0.668 level stock should revisit the $0.71-$0.78 area predicting rangebound price action

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rising trama and tma acting as support on the weekly and trendline/ema just over spot in the index acting as resistance leads me to believe we could see the .5 of retracement over $2 in this leveraged inverse derivative of the DAX futures. top anchored vwap is indicating that a bull break of the mean may provide a long entry opportunity on the daily inverse to...

cerealpatterns

it seems like a temporary bounce may be squeezing shorts on the daily indicating a retest of the 37k area monthly trama 12 is still in the high 40ks but sinking

cerealpatterns Updated 

its clear that uvxy has stiff overgead resistance, but if that breaks we could see over $21 soon. prove the bear case and its moreso back to $16.