pacifiedStar62604

pacifiedStar62604

Buy at the bottom of the wedge trendline for a good risk reward setup. Remember that the major indices internals are extremely weak and that the environment for a crash in stocks is high so size your risk accordingly. I am personally keeping most of my portfolio in cash. It's possible everyone is banking on the inflation trade and that the markets fuck everyone...

pacifiedStar62604

big fat negative divergence - not really mush else to say about it. S&P 500 needs to push higher on its rsi to break the divergence, seems unlikley that that will happen

pacifiedStar62604

Finally a promising breakout of this big triangle consolidation, wait one or two more days for conformation but looks good. Legends Only.

pacifiedStar62604

Expanded Flat - 5 waves down for the A wave. Zig Zag up for an extended the B wave. C wave yet to come which will fill the pink gaps to the 123% fib retracement level. Vix is also coiling. I am long commodities like silver, copper, nickel. Short equities. I think treasury yields are going to continue rising. I am not an expert and I have been wrong on the S&P500...

pacifiedStar62604

Is it just me or does this look like a cup & handle within a cup & handle?

pacifiedStar62604

I saw this pointed out by Sven Henrich. A big fat rising wedge with a negative divergence at the top there that we just had. Some insane gaps below as well point to some possible underlying weakness. The Moving averages look great, until they don't... Make a sacrifice to please the JPowl God or this may get ugly.

pacifiedStar62604

Gold continues it's consolidation with a death cross on the 200ma right at a critical resistance level of the lower channel. I think if we see a decline in 10Y bond yields it could save gold here, if not look to pick it back up around 1500. Hard to pick what's going to happen here.

pacifiedStar62604

SVL silver mining company on the ASX is trading within an ascending wedge pattern whilst forming a small positive divergence on the RSI. There is a gap below to be aware of that may be filled if price breaks down from the current pattern. Disclaimer: I own this stock with a buy price of 0.23

pacifiedStar62604

The S&P500 has a negative divergence on the RSI for the monthly time frame and is at the top of the Bollinger band. I am being very cautious at this stage of the game and managing risk appropriately.

pacifiedStar62604

BTC making a positive divergence on the RSI, wait for confirmation of the breakout before buying in.

pacifiedStar62604

I think Silver might be gonging through a cup and handle pattern and wedging now for a break out to the upside. Maybe a good hedge against yields rising and inflation. Disclaimer - I own stocks in a silver mining company on the asx and I am no expert at technical analysis.

pacifiedStar62604

20ema crossing 200ema as the yield curve steepens. Usually not so good for markets. We will see if the FED can hold onto the market, I have no idea if they can or not. Goodluck!

pacifiedStar62604

Thoughts??

pacifiedStar62604 Updated 

SPX broke out of a wedge to the upside and is now forming a small wedge. I don't know enough to pick its direction, any ideas?

pacifiedStar62604 Updated 

Possible breakout??

pacifiedStar62604

long downwards channel, possible breakout to the upside

pacifiedStar62604 Updated 

I'm no technical analysis guy and just read about Elliot Wave on Wikipedia. Does my count seem right? Surely it can't be that obvious??

pacifiedStar62604

Possible broadening top pattern.