Nike is setting up for a long-term buy / leap call opportunity. The Jeanius Indicator/Screener gave the following reasons why: Price fell through two untested lows, taking out sell-side liquidity. The indicator shows how much volume came from and how far price ran up from these lows. NYSE:NKE is also testing a 3M uptrend line from the low of 2017 through...
NYSE:XOM just recently had earnings I'm looking at swinging puts tomorrow because the Jeanius Algo Suite (Indicator/Screener) gave me multiple sell confluences: Rose through 2 untested highs (~$104.91), grabbing liquidity Retested the level that price broke to create a Change of Character (CHOCH) Tested a downtrend line Broke and retested an uptrend line ...
NASDAQ:AAPL just recently had earnings and released the new VR-headset, Apple Vision Pro. I'm looking at swinging calls for NASDAQ:AAPL next week because the Jeanius Algo Suite (Indicator/Screener) gave me multiple buy confluences: Fell through 2 untested lows (~$180.17), grabbing liquidity Partially filled a Fair Value Gap Tested an uptrend line formed on...
NYSE:BA had a confirmed “Larkquidity” Sweep signal from the Jeanius indicator. Which means it has stopped taking out lows, so I will be enter a long trade targeting the high of October, using the low of October as a stop loss.
NYSE:DIS has tested lows of $79 back in 2020 and also an uptrend line from 2009 lows through 2011. Definitely looking for long opportunities here
NASDAQ:TSLA has more room to fall after a huge red week. The Jeanius indicator shows it in a monthly and weekly supply zone created in July of this year. It is also respecting a major monthly downtrend that was created from the highs of Jan. through April 2022. Looking to short down to $213
NYSE:BABA has a good chance of pushing up further for a long swing. The Jeanius Indicator shows that it has swept the liquidity from the lows of August while also respecting the trend from October low through the May/June low
I’m expecting a pullback on AMEX:SPY this week for a long. The Jeanius Indicator shows price has taken out 2 lows (liquidity sweep) while also a break and retest of a high of August.
NYSE:TSM is showing the following bullish signals in the Leave A Legacy Indicator: Test of an uptrend created from the low of Dec. 2022 and April 2023 Reached fair value gap created throughout May Break & Retest of high ($91.88) from April. Swept buy side liquidity from the week of Aug. 14 (Untested Low $89.56) CONTACT ME FOR ACCESS TO THE INDICATOR/SCREENER
NYSE:JPM is showing the following bullish signals in the Leave A Legacy Indicator: Break & Retest of highs ($144) from Feb-Mar. The break of these highs created a break of structure. Test of an uptrend created from the low of 2022 and March 2023' Break and retest of a downtrend created from the high of 2022 and Jan. 2023 Swept buy side liquidity from the...
I have strong belief that it will be a good time to short the market in March. Last month $SPY went up to grab liquidity(short stops) from the recent high of December at $410 with a lack of displacement. AMEX:SPY also came back to test a mitigation block that was formed at the beginning of the bear run in Feb. 2022. If it closes the month of March below the...
I think Tesla will be a good buy for December! NASDAQ:TSLA has reached the lows of March 2021 ($179). The Hazel Heritage Indicator gave me my favorite signal, which is the "untested low", pointing out when price has crossed through a pivot low that has never been tested before. This signal has a 92% success rate of creating a new pivot low. Price also has...
My theory is that we have a long way to go to reach the bottom of the market SP:SPX . Based on my previous post, which I have linked, we would have to reach some sort of support before coming back up. The current price I'm looking at is $2,191.86 . From the all time high in 2022 of $4,818.62 to that price is a 54% drop. See that the drawdowns of the past few...
I'm looking for a long opportunity on NYSE:BABA in 2023. Before 2022, it's all-time low was $57.20, and it tested and closed above this level in the fourth quarter of 22'. This leaves me to believe, $BABA will be a good long-term opportunity for this year.
I'm looking for a long opportunity on NYSE:CHPT in 2023. Before 2022, it's all-time low was $9.38, and it tested and closed above this level twice. Once in the second and again in the fourth quarter of 22'. In the most recent quarter, Chargepoint also tested and closed above the trend line from that all-time-low of Q1 2020 and Q2 2021 (dashed line) This...
Going into the new year, I am watching NYSE:WMT for a short/take profit opportunity. Walmart tested and closed below the all-time high of 2020 ($153.66) for the year, showing signs of falling in 2023!
It all starts with the basics, SUPPORT. My theory is, in order to find a bottom in this bear market, we must reach an area of support that has never been tested before. I'm using the high timeframe of 12M on SPX for example. How I determine a pivot low (or support) is a 3-candle pattern. The middle candle being lower than the one before and after it is the pivot...
The Hazel Heritage Screener alerted me that this week was going to be a bearish one. Last week we saw AMEX:SPY reach the untested pivot high of $411.73, which you can see from the solid red lines almost every time we reach a pivot high that has not been tested yet, there is resistance. In addition to that, SPY bounced perfectly off of the top of the downtrend...