$iyr $drn $drv Pay close attention to real estate- It is due for a cycle low somewhere around early-mid 2020. Because the cycle peak is late, I would venture to say that the move downward could be accelerated. How low it goes should reveal how bearish (or bullish) it is.
$uvxy $vxx $tvix $vixy I like the vix down here- it will most likely have more downside as this rally attempts to push higher.. Volatility is coming in my opinion. I'm also looking for weird behavior or divergences (i.e. the vix & market moving up together).
Seeing a lot more potential in TSLA. Price is getting squeezed into descending wedge within a broadening formation. Big move up or down coming soon.
Watching potential pattern and ABC corrective wave. Would love to see aapl back below 120. Pattern is wrong if it breaks prev. high.
$FB 200 level is quite significant. I've been watching this imaginary line where we could be looking at a diamond top pattern for a few months. I've been bullish below 135 now I'm neutral.. watching closely
Looking at broadening formations: similar pattern 1960's-80's. Larger span of time then.. just interesting to me
NFLX descending broadening formation. Doesn't look good for a while in my opinion.
$nugt $dust $gdx $gdxj $jnug $jdst $gdxj Potential for more pain for miners before a powerful run up
$gdx $nugt $dust $gdxj $jdst $jnug bearish gart (xabcd) I'm bullish on gold long term but I don't like this. CAREFUL NOW
$IYR $DRN $DRV Posted a year ago: as my target Real estate scares me right now (mostly because I own physical property). This looks bearish with that overhead bear divergence.
AMD at a crucial place. This looks like a broadening pattern where a #6 will need to be satisfied over coming weeks and months. A very good place for a top or breakout. 80% of the time I've seen these moves in AMD, it gets destroyed soon after. A lot of impulse and hype buying on the 'news'. This is a classic place smart money takes profit. Therefore, I...
$uvxy $tvix Eyes on VIX. I'm completely speculating but possible bull divergence and broadening pattern. R/R in favor of big move up.
$gld $gdx $nugt $dust $gdxj $jnug $jdst dxy ascending triangle&hidden bull. These patterns are often more bullish than bearish so I can't help but believe the dollar is about to move up hard. I'm longer term bullish on precious metals but I wouldn't be surprised to see the dollar get stronger.
Notice the similar broadening formations in Boeing's history. The first one is likely not as evident when observed on regular candlestick charts. Renko blocks do a good job of keeping the pattern crystal clear. Time, for the most part, is not a factor until the price moves a certain amount. Notice the first formation beginning in the 90's. It took 6,700+ days...
$spy $spx $es_f $spxl $spxs possible diamond on the 60min-hard to trade. No idea where the turning point is..waiting for confirmation
It seems everyone is bearish on this market (including myself..) and for good reason. It looks like a diamond top.. or maybe even a broadening formation (i.e megaphone- that would have one more higher high just above 3000)..and with a drastic drop coming over the next couple of years.. But DO NOT dismiss other possibilities. If this is a 9 year cycle (mid) top,...