holeyprofit

holeyprofit

Rut's ranged in the same area for over 6 months now and might be starting to break. We currently have a butterfly pattern and what can turn into a head and shoulders with a flat neckline. Brutal breaks come from those when they come to pass.

holeyprofit

The uptrending properties of the DJI are starting to fade away and the channel is breaking. A few more moves lower and this would become a legit looking break. Market went up 100% over the last year - it can come down over 25% in a month - that's not unrealistic. Sustaining parabolic moves like this is far more unrealistic.

holeyprofit

Like SPX (Linked) RUT shows downtrending properties and is deep into where a retrace would be expected to end. Entering short.

holeyprofit

Shorting SPX. Down trending through the day, continues to hold 1 chart downtrend. Into a small correction, selling into correction.

holeyprofit Updated 

USDCAD has completed a bullish move up and ranged sideways for a while. I've shown a small wave count here, but I think this may also be the flat before a bigger wave 3 breakout. If that breakout comes, USD is the easy money in the markets for a while.

holeyprofit

BTC starting to reject from the resistance level. Double top can turn into a failed bullish butterfly, a butterfly break can turn into a downtrend.

holeyprofit

It looks like the BTC bulls have finally punched themselves out. If we're going to set up a down move from here I'd expect to see a drop off from the current high, a range somewhere a bit below it and then a stronger sell in the next move. Once we've made some corrective patterns in around the 42 - 43K area, the next move into 31K sets up. Forecast good while...

holeyprofit

I think this section of the move has now finally completed. A blaze of glory from the bull into what I think will become a false breakout. For anyone who's only been following my ;posts recently, please see the attached for my overall swing analysis. BTC is now at major inflection point. If it goes much higher I'll post exit/contingency plans and now I am largest...

holeyprofit

I think we're probably in the false breakout section of a flat correction. If so, next comes a bit of a range and then the downtrend to retest the lows, after that the break and second big short trade. Really sizing up in BTC now.

holeyprofit

We've now gotten all the way back to the area I first limited into the short after the 44K take profit. This is the big resistance level and where I am most happy shorting off of. As well as the price action screaming bull trap, we have all the cocky bulls showing up in the comments section - saying all the things bulls say in a bull trap.

holeyprofit

Choppy and ugly range of late but these after a hard drop like that are often a prelude to a serious break. Been a bit early for day trading shorts, will get back to those if we see momentum coming in - short term trend strategies keep failing in the range. Continuing to add to my swing short. I don't think this is far away now.

holeyprofit

Mega high RR after the spike. Completed a butterfly pattern in the parabolic move. Adding to my short. Will do a full analysis update if it goes higher but I think this is a great sell level.

holeyprofit

I think the SPX is topping on the spike. Good news into the high, quite common. Adding to my SPX short. I think there's a good chance this is a major high.

holeyprofit

Been waiting and waiting for this one. I think the USD bullish breakout will be explosive. 500 pips up in USDCAD. Really one of the best opportunities in the USD for many yrs if this sets up. Positioning big in this one now.

holeyprofit

Taking some positions for my full target on BTC now. I expect to see at least one (And probably a few) rallies before this (And have intermediate targets around 30K) but here's the big swing trade I am looking at. See attached ideas.

holeyprofit

Looks like BTC might have broken the bull trap today. Selling into the rally. Shorting 45,050 Stop 46, 999 Target 31,240

holeyprofit

Exited quite a lot of my short term SPX puts a while before the close expecting to see a rally. Looks like we're into the end of the correction.

holeyprofit

Looking to see AAPL rejection off the harmonic pattern. Adding to my AAPL short.