Chart is showing what AI trading looks like in 2018 as far as firesales go. Break in this pattern will send this down to the fib levels around 266-264. If not we should be on our way to 280 this month of July.
I have shared this on ST a few times and wanted to get it on record here with Tradingview. Cheers Bulls ! Quick exlination - we are in a 2 to 1 ration for patterns favoring bulls. If we go for the head and Shoulders we will be forced back down into the wedge so that's what we don't want. On the other hand we can finish an Inverted H and S or consolidate and...
I have carefully drawn out the major three swings that we have had this year with carefully thoughtout fib-retracments levels and why I am bullish on the Market. (Higher Lows and Higher Highs)
Straightforward as it can be. Long if support is gained.
This Fib + Trend Plus the obvious inverted H and S pattern on this 1 hour makes spy a Bull Until 273.67 is given up
TLT looks to drop with its inverted C n H. Positioned Short
KMI weekly look at some Fib High and low and low to high Retracment measures. I have also identified previous resistance
This is just a zoomed-in look from my daily prediction.
This is a very simple but powerful roadmap of what to expect. Looks to be a big move coming to the upside this year.
SPY is very bullish we will see more chop before the real pop as we are in an very strong inverted H and S pattern on the 4 hr and daily timreframes. Short term could be bearish but also has a good chance of bullish.
Bullish Patterns are present here. We should see confirmation of this inverted H and S pattern by Mid June. I completed my TA analysis with the 1-15 min timeframes and have zoomed out to the 4 hr to capture the major trend lines and to see the bigger inverted H and S pattern that is developing. Range bound for a little longer
Lets see this happen bears turn. I am a longer term bull need to drop for a bigger breakout
NFLX acted a bit topped out today and i think we could see some selling to close out the week. On the Chart are two specific benchmarks for the weekly timeframe.
TLT is ready to fall very soon and we should see this around 100 by end of year unelss we have an unforseen event occur.