gencollado

gencollado

Tesla bounced off the 0.618 fib level and wicked above (bullish). We have a double red 9 on the 4 hour. Looking for a recovery bounce to 315-320 level.

gencollado

Looks like it's in a large rising wedge, which should resolve upwards imho Yesterday was another buy the dip moment, as bulls defended a break below 583 and rallied all the way up to the 591 level. A break above 600 which lead to explosive price action which may or may not happen, however 600 is a strong psychological resistance. We will see how this pattern develops...

gencollado

Chart looks great, MFI seems to be trending up...lots of smart money has been getting in at the bottom.

gencollado

Essentially, the 50% EU tariff move was a huge bear trap. Looking for a rapid spike back to 5950 for ES futures.

gencollado

I think it may be a good idea to go full port long here. We will be re-visiting the 590s again very soon. This sell off was a result of a impending pent up dump that needed to happen sooner rather than later.

gencollado Updated 

----May 20, 2025 Update---- Price made its first lower high at 593 and retested 589 today. I am expecting the next breach of 589 to cascade all the way down to the 581 level (1st target), and finally to 571. Patience pays.

gencollado

Hello Traders, We can clearly see a top signal as SPY has started to play out a bearish divergence at the 594 level. The 594 level seemed to fade during after hours upon the announcement of Moody's US credit downgrade as the price sliced through the 590 level all the way down to 588. I believe the price will rapidly cascade down sub 580, down to 571 Monday -...

gencollado

Markets are way too over extended. A correction sub 580 to wipe out over confident bulls can be expected tomorrow.

gencollado

Market reeled in the bulls very nicely this week. Compression has completed, and a nasty move to the downside is coming early next week. First target: 555 Second target: 545 Third target: 538

gencollado

Inside the red cloud. Big bullishness for VIX Short term target: 30 for the VIX

gencollado

Big bearish moves coming soon for the stock market.

gencollado

Looking for SPY to pullback to 544. 544 is a very strong support, also the 38.2% fib. If it breaks this level, then it expect a rapid acceleration to 530 and 515.

gencollado Updated 

GME seems to have hit major resistance and is also printing a green TD 9 candle on the daily time frame which indicates a sell. A break below $25.80 will see a quick 10% drop to $23.14. I think this stock is going much lower, but short term - $23.14. Good luck to all.

gencollado Updated 

As you can see, a 4 hour close above 19.50 will confirm a complete reversal of the bearish ichi trend that has been rejecting the price to lower lows since the 40s. I am expecting a significant rally once this level gets pierced. The daily ichimoku is also about to confirm a bullish kijun-tenkan sen cross. The price perfectly bounced off the bottom of the red...

gencollado

On the hourly we can see a clear diamond bottom reversal pattern. The breakout of the $23 level before market close was very bullish to see and the VIX FIX is flashing bottom signals. I am looking for a very strong rally once we can break and hold above $26. The next levels will be 32 and 44. A dip to $21 is still not off the table, however.

gencollado

Look for a strong breakout above $132 with volume which will confirm a move back up to 190.

gencollado

AMC bears are in big trouble Above 20, 23 and 26 are the next targets Below 17.86, 16.50 is support. Fully expecting 17.86 to hold.

gencollado

I am expecting another dip to 17.25 for another higher low with an eventual breakout to the 19.50 area. Above 17.86 and we will be breaking out of the double top structure that has plagued AMC for the past two weeks.