jeromepower

jeromepower

GME and AMC are looking identical. Even their potential fractal patterns are looking similar. Perhaps a retest of 160 before the big long! I like the stock, I'll continue to hold! AMC👇 ➡️Pattern recognized: Running flat Elliott correction wave ➡️Hypothesis: Bullish ➡️Conclusion: Waiting for the completion of the fractal on the lower time frame before...

jeromepower

Good evening financial astronauts. Several of you have been asking for me to label my graphs so here it is. I only trade Elliot corrective waves in other words ABC waves. I see every pattern in three phases. Phase 1 is an impulse, phase 2 is a correction (corrections come in three, ABC) and finally phase 3 is another impulse.

jeromepower

This is my forecast leading up to earnings. I might just paper trade this on interactive brokers. The hefty dividend yield coupled with the beta less than 1 isn't sufficiently enticing for me to go through with buying calls. The stars don't always align. This is why I follow certain step to ascertain the likelihood of making a profit with options. Although these...

jeromepower

➡️Pattern recognized: Running flat Elliot correction wave ➡️Hypothesis: Bullish on health care ➡️Inter-market analysis: XLC👇 ➡️Catalyst: Earnings in 40 days, and XLV still looking bullish. ➡️Conclusion: Prepared to buy calls If you like what you see why not support us? 👇

jeromepower

Took a bit of a hit on my corsair calls so far. Was up almost 15 % in the fist few days of purchase. This is a testament to just how volatile options are compared to shares. If your options don't move in your desired direction theta will become more and more powerful with every passage of time. For this reason I adamantly select long dated call options (minimum 3...

jeromepower

Greetings fellow financial astronauts! I'm expecting a drop in COO shortly, followed by a rise leading up to the anticipation of earnings. I know you've all been asking for more specificity regarding my patterns given that I don't rely on indicators. Here it is. ➡️Pattern recognized: Potential running flat Elliott correction wave. ➡️Hypothesis: Bearish...

jeromepower

Why I believe in Tesla: They have over 3 billion miles of autonomous driving data compared to about 20 million for Waymo. Biden tax credit will incentivize purchases of EV vehicles which will undoubtedly lead to mass adoption. The tax credit is estimated to be $ 7,500 FULL SELF DRIVING (FSD) scheduled to release in Q2. Robo taxis. You could be making...

jeromepower

NOW is a great time for long call LULU. ➡️Pattern recognized: Regular flat ➡️Hypothesis: Bullish ➡️Catalyst: Earnings was great. ➡️Conclusion: LDC signalling upside, time to long call LULU. ***This does not constitute financial advice.*** If you like what you see why not support us? 👇

jeromepower

I don't know if the squeeze will happen. We've been hearing this for months. I do know one thing AMC is going up. AMC is in the process of completing a running flat Elliott correction wave ABC. Whats more, there are two fractals, one on AMC and one on XLC. I always say in our discord server that when charting you should use more than one ticker. It's important to...

jeromepower

Greetings my fellow financial astronauts! Apple has been stable so far. I thought AAPL would moon this week, but the ramifications of the Archegos fiasco seem to be hindering on Apple's growth and the overall market. The signals for takeoff are present. I recently purchased AAPL 07/16/21 145 C. Might open iron condors as a hedge. I think this bear market will be...

jeromepower

➡️Pattern recognized: Running flat ➡️Hypothesis: Bullish ➡️Catalyst: GameStop appoints Amazon executive as chief growth officer. They're serious about revamping the company. ➡️Conclusion: Still holding my shares no plans to sell anytime soon. Waiting for them to start announcing acquisitions or expansions. I Like the stock. ***This does not constitute...

jeromepower

This EV behemoth seems to be breaching through the down trend line. This could signal a reversal of TSLA. ➡️Pattern recognized: Running flat ➡️Hypothesis: Bullish ➡️Inter-market analysis: ➡️Catalyst: Earnings in less than 40 days ➡️Conclusion: Would open a position in shares as opposed to buying calls. I'm holding Tesla for the long run, at least...

jeromepower

This could be a great earnings play. ER is 22 days away. Pattern recognized: Running flat Hypothesis: Bullish Catalyst: earnings Conclusion: Would buy calls but they're too costly for my liking. Another example of how the stars don't always align. Trust the process. ***This does not constitute financial advice.*** If you like what you see why not support us? 👇

jeromepower

Pattern recognized: Running flat Hypothesis: Bullish long-term, short-term bearish. conclusion: I'm expecting a drop soon, and I'll long CME shortly after. ***This does not constitute financial advice.*** If you like what you see why not support me? 👇

jeromepower

Pattern recognized: Running flat Hypothesis: Bullish Conclusion: waiting for LDC on 5 min. Too early to buy calls as an earnings play in my opinion. ***This does not constitute financial advice.*** If you like what you see why not support me? 👇

jeromepower

This will tank hard after earnings. I'm calling it now! I'm not liking what I'm seeing on the financial sector. XLF👇 Pattern recognized: Running flat or Irregular flat Hypothesis: Bearish ***This does not constitute financial advice.*** If you like what you see why not support me? 👇

jeromepower

Pattern recognized: potential running flat Hypothesis: Bullish sentiment Conclusion: waiting for an LDC on the lower time frame before engaging with call options. ***This does not constitute financial advice.*** If you like what you see why not support me? 👇

jeromepower

Notice the symmetry about the x-axis for TNX and IEF? This is another way to infer a negative correlation between two variables (TNX and IEF). Pattern recognized: Running flat Hypothesis: Bullish sentiment ***This does not constitute financial advice.*** If you like what you see why not support me? 👇