So, all short targets have been hit and seem to be taking a strong hit over this weekend... moving into next week i think we have a lot of dip buyers who are in eth about $700-$800 on farming projects etc... so, we could see some strong support from buyers here before we take another step down... ultimately i think everyone wants to have some leverage in crypto...
Banks always have it the worse and always have the hardest time breaking out or getting in control, not sure what banks are holding crypto at that which could of been a big mistake as 2020 and 2021 most banks opened up their crypto portfolios and bought it up as well as real estate and fed rates affect the banks the most as they need to swap money nightly with...
Kinda hard to say what can happen from here hard to imagine Disney being any cheaper than it already is, people saying Disney going to $60 i think is ignorant if anything i think like Starbucks it might just stay stagnant... but on the charts, we have a cup and handle formation giving it a boost back to around $113 and breakout to $117-$120.
All signs still lead to bearish signals, clear downtrend and no sign of turning around in the middle of support and resistance... When the stock split a couple years back it had a hard time getting from $113-119$ and then finally had a break out around $124 so i would still be short here down to around $119.
oils starting to look bearish, strong resistance at top as shown and could be in for a major sell off, most investors have just held and with everything going on in the world we could see profits being taken here. Give it some time but for sure we didn't see the rampage breakout i was expecting... i don't think $140 anymore
looking to take another short position here again looking for next week's high and then slamming this into July.
Looking for some downside back to local support area and then a break down from there as well... don't be surprised to see things keep on going down till we reach 9,000 or so, where the Nasdaq can grow back with confidence and time. Just like a bull market seems to never end, bear markets work the same way... just when you think it's over another leg down comes......
Lower lows are coming, the trend is noticeably clear, and the economy is even more clear... it takes about 2 days or so to get the pump we need and then take profits breaking every stock down little by little... what's crazy is that were really going to get these cheap prices again we saw in 2020...
Bitcoin has found a different angle from here, buyers and sellers have seem to met each other around this price... but one thing to remember in a bear market is that a pennant is the easiest formation to break down... a lot of times we want to look at a flag in a good sense that it can move up but on the other hand even sellers have short interest on BTC which is...
Oils looking stronger and stronger would look for some selling on Monday and back test to about $111 or so and should catch some support there and a breakout around $121. Crazy seeing this happen again....
Apple looks like its broken all trends and aimed at $119 area for support... would be a nice pay day if that's the case... got my eyes on this one short and long.
Bitcoin is consolidating at lower lows, micro strategy and MARA are already in hot water at these prices and borrowing interest rates it only takes micro one sale to send this thing back to where it came from... below $21k for sure.... i remember seeing it take off at $9k and $16K and everyone else did to... time to bring things back to a buy zone or recognize a...
Looking at movements in a 2-period time frame we usually gap up once we touch that 750 ma and we ask ourselves why go back so far to look for any type of indication and well people could of help positions from 2016/17 and threw the pandemic and that's what accounted for the large sell off... mostly everyone is new to the market if you ask me... i see as mine as...
Apples 100% ove sold and we can see a new trend forming from other dates back that actually make sense and realistic for the moving price action of buying and selling apple... It is more than likely this is where we will see apple shoot over $200 in the months to come. The new iPhone comes out but again that's not what makes apple bullish its sales and sales...
Bitcoins currently oversold on the yearly but up like king Kong in general... anything below this can get ugly for bitcoin but im expecting mostly everything to get slammed before it takes off again. If you're long in general the play is Ethereum and will always be and bitcoin is more of the global leader in crypto currency but again let's not mistake movement...
Shib has been on a down fall for months and the thing about this graph is its newer and has support and resistance about where it's at... as well one of the more accessible coins to get from Robin Hood to Coinbase to crypto dot com... looking for some major upside here if the crypto market picks back up on buyers alone.
Disney could have one more leg down to the lower $90's... current levels it can't seem to surpass and being sold off at this price would be a solid investment in the long term anyway you add it up.
IMO things still look good... everyone knew the market was inflated so were not seeing to many surprised faces anymore... this small angle were wedging into could make or break the S&P though just as many sellers as there are buyers at this point. I would say volume looks bullish with lower short interest lately in stocks and that's where the S&P gets its growth from.