chriswheeler0

chriswheeler0

I've been waiting for this resistance for months! As we approach, i'm watching for a rejection

chriswheeler0

Bearish idea for spy leading into Q2/Q3! MY favorite SPY chart right now

chriswheeler0

Potential rejection incoming on SPY..... waiting for a high timeframe bottom sitting right below $400.

chriswheeler0

DXY catching support at a high volume node i've been waiting months for... hard to remain bearish with a reaction like that. Expecting higher over the upcoming months into 2024

chriswheeler0

My preferred view of SPX right now! Although we're showing signs of resistance currently, my expectation would be us continuing slightly higher into this heavy cluster of resistance around $4450. I don't see us easily surpassing this level. I still find the $4000 area likely, as I'm watching for a second bearish wave before we see any real bullish continuation...

chriswheeler0

Bearish pattern i've been considering! My resistance appears to be holding strong- provided we don't take these highs again, i'm expecting a slow bleed to take liquidity below April the highs/// below $4000 in the coming months. I have another idea for SPX, leading us past $4700 by the end of the year- i'm certain one of these scenarios will play out soon...

chriswheeler0

Another stock has shown significant strength after a decline; Apple is resuming heavy bullish movement after a slight pause. Although I do see the potential for a rejection slightly higher, a continuation of bullish price action has me watching the $240 area for an initial target. IF we break to new highs past $195, I will assume that this thesis is in play. IF...

chriswheeler0

SPY has CLEARLY bottomed to me : after a 9% decline within a year-long bull market, markets are regaining strength and upwards momentum. I find it unlikely that we set new SPY all time highs, but I certainly do expect us to set new yearly highs - I'm looking for a move towards the $470 area, with some confluence around a .236 extension and an upper trendline...

chriswheeler0

Technically, Tesla appears to want to send past all time highs ;) Tesla is showing strong bullish movement, with multiple areas of confluence overhead.... I would not be suprised if we continued higher over the next few months! My target is ultimately the .618 extension, around $420, right above all time highs. There's a wonderful confluence of a Parallel...

chriswheeler0

DXY has hit major resistance and is showing a serious sign of rejection- I'm marking this week as a major MTF top! My expectations are a slow bleed over the next few months, down towards support near the $102 area. I AM still ultimately bullish on the dollar- so i'm thinking we'll hold $102 as support, and move towards the upside towards my final target of $109....

chriswheeler0

My preferred view of SPX & SPY for the next couple of months- I think we've bottomed around the $4220 level, and will see continued bullish price action for the next few weeks. However, I also notice a significant area of resistance around the $4450 level, that I highly doubt we'll be able to claim and move past. I'm still macro bearish for now, until proven...

chriswheeler0 Updated 

I'm quite excited to see silver reach $28! I'm eyeing an area of interest around $21 for accumulation. i'm planning on taking positions thru the leveraged ETF: AGQ

chriswheeler0

As Etherum starts ascending after my long term target of $1500 was reached, i'm starting to look towards levels to the upside that I'm interested in. My primary thesis is truthfully reaching $2700 before we see any meaningful rejection, but i'm always open to alternative ideas. I'm noticing an area of strong resistance around $1900 on Ethereum- a high volume...

chriswheeler0

something's happening here...........this consolidation formation is certain to break soon!!! I've clearly marked out invalidation below the major low- IF we're going to see a breakout past $28, we will certainly not take this low again! A very clearly defined trade! BULLISH ABOVE THESE LOWS

chriswheeler0

I've been targeting the $410 area since I watched SPY begin to break down in August- I see quite a lot of support around this level, and I see this level as an important horizontal for all possible outcomes moving forwards. I could see this level acting as MAJOR HTF support - but i'm also wary of the fact that a bounce from this level could act as a Wave 2...

chriswheeler0

SPY showing signs of strength at a support zone I had previously missed - this is the importance of being adaptable!!! My expectations are that the current Daily Cycle low was set yesterday; I'm looking for the current $422 low to hold. IF we see bullish price action following this low, I'm watching an area around $444 to act as heavy resistance, leading to an...

chriswheeler0

Following up on my previous post- Gold is showing signs of rejection from a falling wedge pattern. I'm carefully watching $1800 for high timeframe support- I've identified a key zone of resistance around $2200 that I expect to be tested in 2024 This harmonic should see us setting our major low before February 2024 , in the next several months aheads. IF a...

chriswheeler0

Pt. 1 of 2 Gold is breaking down from a falling wedge pattern into what appears to be high timeframe support . I'm looking to accumulate a significant position around $1790 . See the following chart for my expected bullish thesis and targets!