jacobosiason7

jacobosiason7

SPY weekly looking interesting heading into the week. Staying hedged with the SPY holding another megaphone. The SPY is being carried by buyer volume with some hidden bearish divergence on the RSI and nearing overbought territory yet again. With so many sectors and indexes flashing red and a massive bearish cipher on the weekly timeframe as further confirmation,...

jacobosiason7

Treading lightly here as the SPY looks to be right at the end of a bearish rising wedge following a bearish ABCD Elliot Wave heading into a major week economically speaking. On Wednesday we have retail sales numbers, core CPI, and Core CPI YOY coming out, followed by jobless claims on Thursday. Will be watching closely, some support levels and RSI-based supply and...

jacobosiason7

NDAQ Consolidating and is looking like it's in quite the make-or-break spot. Definitely will be keeping an eye on the Nasdaq and broader markets, the NDAQ has a double bottom off of the lower trendline, while simultaneously all other signs point bearish. Death cross on both the MACD as well as the 50-day SMA crossing below the 200-day SMA, accompanied by a bearish...

jacobosiason7

Posting another quick update here on the SPY as it closed last week sitting on its 50-day SMA, after the 50-day SMA crossed below the 100-day SMA, while simultaneously rejecting the .50 FIB level. The SPY is holding yet another bearish megaphone as buyers and sellers continue to fight, accompanied by some slight bearish divergence on the RSI. Just some key FIB...

jacobosiason7

Posting another quick update here on the SPY as a lot has transpired in financial markets over the past few months, yet buyer and selling continue to dictate the price action in my opinion. On the 4-hour timeframe, the SPY is oversold and has formed a bullish ABCD Elliot wave, while also holding a falling wedge within a bearish megaphone. On the daily timeframe,...

jacobosiason7

Has been a while since I've posted an update on the SPY as a lot has transpired in financial markets over the past few weeks, and months. The SPY has been trading significantly under its average daily volume, which has primarily been the driving force behind the momentum in my opinion. On the other hand, the SPY is holding a nice symmetrical triangle on the weekly...

jacobosiason7

After being shorted to the N'th degree, and finally breaking out of the downwards channel EQT has been holding, EQT is seemingly consolidating here within a symmetrical triangle, as buyers continue to step in. After breaking out of the downtrend, EQT has formed an inverse head and shoulders on the daily timeframe, along with finding support right in the FIB...

jacobosiason7 Updated 

- Double Top - Bearish Bat Harmonic Pattern - Overbought - Bearish AMEX:SPY

jacobosiason7 Updated 

Posting a quick update here on the SPY as a lot has transpired in financial markets over the past few months. The SPY has been driven by buyer volume and momentum. Prime examples include but aren't limited to, NVDA-reported earnings, following the existing hype surrounding the AI Sector, which for lack of better words, has created a bubble in itself by only...

jacobosiason7 Updated 

After finally retracing, the lithium sector is starting to look ready to breakout with buyers starting to step in. Watching LAC & PLL closely here as both are holding massive falling wedges, however, PLL is seemingly forming an ascending triangle as well on its weekly timeframe (See Attached Chart Below). Additionally, PLL is holding the same falling wedge on the...

jacobosiason7

Watching LAC & PLL closely here as the lithium sector heads into earnings. PLL is seemingly holding the same channel after breaking out and retracing back to the channel it's currently holding. PLL is holding the same channel on the 4-Hour timeframe with its Bollinger bands squeezing, along with a Bullish Butterfly Harmonic Pattern, MACD golden cross. Bullish and...

jacobosiason7

Always keep an eye on LAC, however, I've never seen it hold within a falling wedge for as long as it has, while heading into earnings. LAC is still holding the same massive falling wedge on the daily and weekly timeframes. LAC has a nice double bottom and MACD golden cross on the daily timeframe, accompanied by a bullish cypher harmonic pattern. Bullish and will...

jacobosiason7 Updated 

Posting a quick update here as CRWD has been holding a macro-downtrend for some time now, and is heading into earnings looking quite bullish. CRWD is holding a massive falling wedge on its daily & weekly timeframes, (See Attached Charts Below), is sitting right on its 50-day EMA with the others starting to curl upwards, Bollinger bands are squeezing (Not...

jacobosiason7

Posting an update on the SPY here as the markets closed out the week in somewhat of a make-or-break spot. The SPY continued to follow the bearish megaphone that it's been holding for months with its 50-day SMA slipping below its 200-day SMA (Death Cross). However, the SPY is holding a notable rising wedge on the weekly timeframe accompanied by declining bullish...

jacobosiason7

Been eyeing NVDA for quite some time now after playing the breakout from the inverse head and shoulder's it had been holding. However, with broader market conditions being what and where they are, looking for a bit of a retrace here on NVDA prior to its earnings. Overbought on almost every timeframe, MACD Death Cross, bearish divergence on the RSI, as well as a...

jacobosiason7

ENPH has been trading sideways for quite some time now while simultaneously getting beaten down by the broader markets, and testing a very strong resistance level circa $223-214.00. However, ENPH has seemingly found a bottom with a significant amount of bullish flow coming in while heading into earnings on 4/23'. From a fundamental standpoint, relative to others...

jacobosiason7 Updated 

Eyeing the entire solar sector here as ENPH heads into earnings tomorrow after retracing back down to the 220 range. Intend to play both, however, SEDG is unique in the sense that there was not the usual retrace back to its respective 200-day MA and has been trading rangebound for quite some time now. Some slight hidden bullish divergence on the RSI, a big...

jacobosiason7 Updated 

Eyeing SE here as it heads into earnings as it's been trading sideways for quite some time now after finding a bottom stemming from a big downtrend. SE has formed an inverse head and shoulders on the 4-Hour and daily timeframes, along with holding a massive bullish shark harmonic pattern on the weekly timeframe with the neckline between 62.45 and 63.95 (See...