markethunter888

12:39

markethunter888

I've built a case to show why Nike could be making a long term top, and this earnings could be the catalyst for the turn around. Thank you for your constructive feedback !

09:31

markethunter888

Both these stocks are beneficiaries of the "stay at home" trend. As a result, they've gone parabolic, and appear to be in the distribution phase. Risk to reward for taking a short seems to be quite lucrative !

15:12

markethunter888

You can watch this in conjunction with my Lowe's trade posted below. Essentially they're a play on the same industry and overall market crash in dec; (they're price is strongly correlated to the general market). Choose whichever one works better for your risk management. Like always, thanks for the constructive feedback

14:20

markethunter888

- I am seeing a 2 month long distribution phase in Lowe's, after which the stock has rolled over. - I am predicting a very sharp move down in the month of December with the first target being the 130 demand zone and the 2nd target being the 100 demand zone. - the 100 level is also showing support as the key trend line from the start of this bull market comes in at...

13:31

markethunter888

"Be fearful when others are greedy" - Warren Buffet. More applicable now than ever ! I've looked at the put/ call ratio as well as VIX which reflect extreme greed and a broken market. This type of euphoria that "stocks can never go down" is only a belief of dumb money and a strong indication of a top.

16:49

markethunter888

In this video I've gone into more detail for the EURO stox, GDAX, UK and NIFTY. They're all showing potential signs of a turn around which indicates a turn around coming in the American markets as well.

18:09

markethunter888

In this part I have looked at the nasdaq, S&P 500, UK, EURO & GermanDAX. nasdaq is showing distribution signs after a parabolic move to all time highs. This is a clear sign of a sharp reversal in the coming weeks. S&P is seeming like a false breakout and/ or short squeeze on a very conveniently timed vaccine news. Euro, UK & GDAX are at very critical supply...

09:38

markethunter888 Updated 

1. I've used independent forms of analysis to show a ~14% downside to the ~240 level 2. I want to EMPHASIZE that this move will most likely be news based; i.e. "no one could've seen it coming" but the charts speak for themselves

07:58

markethunter888 Updated 

A bearish pennant has been forming last few months since the March crash. This has just broken down which has opened up downside risk for the bulls.

19:54

markethunter888

Key concepts I talked about in this video are outlined below. I wish I could cover more concepts and go into more detail but had a 20min time limit for the video. Maybe I could make a part 2. - false breakouts - global indices showing topping patterns and breaking down - FED balance sheet peaked in june 2020 - parabolic mania in tech stocks - PUT/ CALL ratio...

13:11

markethunter888

I think the all time highs for these 2 stocks are behind us and they should only head lower from here. Ive observed a repeating pattern for both these stocks which tell me a trend change is forthcoming

15:08

markethunter888

In this video I've shown 3 independent forms of technical analysis that make a strong case that the top is already in for these 3 stocks ! In general, I'm bearish the overall market so wouldn't be surprised to see these correct significantly. Let me know what you guys think ! Always open to comments and critiques.

07:40

markethunter888 Updated 

Short idea is summarized as follows 1. stock has gone parabolic and these typically have aggressive corrections 2. robintrack shows sentiment is extremely optimistic so would like to make a contrarian bet 3. assuming a SZ 84-88 so taking a $4 risk and executing the trade via November PUTS. 80 strike

09:36

markethunter888

Here's a short video for any new traders who want to learn the basics of elliot wave analysis. I made this for a friend but thought I'd just post it on a public platform so it could help others as well. Pardon the quality! I've never made a video before so shall continue to improve in the future :)

markethunter888

1. As can be seen VIX has once again formed a bullish wedge which is ready to breakout in the very near future 2. Another way to look at this is by combining the 2 wedges which is forming a triangle ( see attached line chart). This is also showing signs of a breakout. 3. 50d SMA for the PUT/ CALL ratio is at EXTREME lows; last seen in 2009 ! This is...

markethunter888

Here's the trade setup 1. PG is in a supply zone denoted in the red colour 2. Earnings is in a couple days which makes for an easy catalyst to turn this around from all time highs 3. There's a triangle pattern formed over past 4 months (see attached link) and these tend to have aggressive breaks 4. I am bearish the general market so that should further support...

markethunter888

My short trade has 3 parts to it: 1) technical price action 2) sentiment 3) fundamentals TECHNICAL PRICE ACTION : As can be seen in the chart, at the end of a bullish move, we've got a final gap up which ends up forming dojis/ hammers/ or simply a big bearish candle. My point is, anything but bullish engulfings have marked the top and given a significant...

markethunter888

1. There's a clear bearish wedge that's formed in the past 3 months bear market rally. 2. The 10000-10500 zone is strong resistance 3. 61% fibonacci retracement is also going to provide resistance as bear market rallies shouldn't really violate this level 4. FIIs (foreign institutional investors) have been continuously selling into strength which does make for a...