cerealpatterns

cerealpatterns

btcusd is in the throes of a love affair with a low dollar. since dxy has made its move, and inflation has peaked withthe news of a more hawkish monetary policy, a lower dollar means higher bitcoin. its convenient that the higher we go in major indices bitcoin seems to follow suit with even more bullish action. if this is atill a bear market for indices i would...

cerealpatterns

nothing, or little to nothing can bedrawn from just the break of 4000 alone. 4000 is a psychological level thathasnt been visited for any great length of time since the first time we saw that level. if we get back above this sss supply zone were headed for the pivot, and if we fade out of that zone were headed for lower horizontals.

cerealpatterns Updated 

btcusd has been making its way to the low end of this SSS supply zone. if we stay beneaththis pivot id imaginewere headed for a breakof the lower levels or the bottom of this range, and if we head upwards were likely headed for a test of sss signal or the top of this range. qqe is long so im buying until this zone dries up, and imselling a rally on this timeframe....

cerealpatterns

facebook is one of those companies that is pretty well here to stay. i could see this over $600 one day. once we get over TRAMA and sss, qqe go green i would have no problem averaging into this for a passive investment in tech. facebook will always think of new ways to squeeze more money out of their user data.

cerealpatterns

qqe and sss are short amc. smart money is selling this. a series of higher lows and lower highs appears to be breaking to a lower low. overall this name has entered a slow bleed. its probably not worth $33. id liketo see this back under mid $8s.

cerealpatterns

in times where this is above 2 consumer defensive is winning out, and in times where this is below 2 consumers are spending more money and buying consumer discretionary goos/services. recently this chart peaked, and now weve retraced and it is reversing again. probably going to set a lower weekly high, but qqe is long and sss is green so the defensive funds are...

cerealpatterns

recent data suggesting the bottom is probably not in for the nasdaq means we need to see sss signal green on the monthly and cross above pivot for upper horizontals to be in play. till then were not averse to lower horizontals, or even touching the sss supply zone. qqe going long monthly would mean a long term entry averaging up into nasdaq funds would be profitable.

cerealpatterns Updated 

es1! puts have been lining up for a pump in vx1! and this is captured in uvxy hourly as a bullish engulfing in reversal in red territory sss candles. as long as we hold hourly lows vix and we cross above pivot turning sss signal green and printing a qqe long upper horizontals are in play.

cerealpatterns Updated 

qqe recently went long tesla, and i think theres something to it if rsi chooses to reverse and cause some squeeze. if we get the volume trade switch back to the bulls on the hourly, this horizontal might hit. theres short long and pivot targets as well as the path i think tsla might take.

cerealpatterns

sss and qqe 15 minute are buying bitcoin while range tigthens with lower highs and higher lows. horizontals are in play. a break of that range could be big. overall bias remains bear but i would long some around these levels

cerealpatterns

it seems like we retest that volatility from daily lows but if we breakout above lower veap band we might hit that vwap, and if we bearflag we continue lower weekly. 19 and 21 are targets dashed line is pivot

cerealpatterns

spx is in a correction wave of a terminal thrust distributively, and if we sink we distribute further. the .382, tram, and sss ma are levels of resistance and .618 and lower anchored vwap band are levels of support, .5 and nearby levels are pivot, but we may trend much lower in major indices. there are still bullish scenarios marked out and fib retrace levels are...

cerealpatterns

i think the hourly spike in vix is over, but the 4hr might be in for some additional waves, followed by a daily bear in vix with a weekly bull trend still on. the road to 20 seems locked in, but were not averse to 30 in the mean time.

cerealpatterns

some meaningful bounce is taking place in big tech at least intraday, andsemiconductors as a lead bear are taking part. SOXL is trapped under yeasterdaysgap up, and todays gap up. ive marked outlong short pivot and drawn a bull and vear scenario. there is no bias, but i am long semiconductors when price is so low, at least intraday.

cerealpatterns Updated 

everybody was ready for a spike in vix, and now that we got it UVXY looks like it might turn SSS signal red as it has fallen below sinking TRAMA hourly. horizontals mark out short, long and pivot and ive drawn a couple scenarios. i only long UVXY when qqe and sss are green.

cerealpatterns

sideways trading is more than likely the norm until further notice daily, and ive marked out the rangebound timezone cycle as well as kept the swing target low and pivot.

cerealpatterns

the nasdaq and big tech are tanking, and theres little in the way of this slide lower. as i said on friday the fed seems determined to punish the leaders of this bear market, pushing it even lower. many targets that would normally be sensible are simply out of reach, which is why i have widened the horizontals just about as far as they could concievably go.

cerealpatterns

technology is not playing the feds game, and they are rubbing elbows with china especially where semiconductors are concerned. the dollar is the worlds reserve currency, and big corporations dont like a populace with buying power. the job of the reserve banks is to assist borrowers while preserving the lenders capacity, and with this particular administration...