This chart says 1 of 2 things to me, either we go to the moon for a while and we see a huge increase in SPY price, or we see another peak bigger than the previous peak and then a sharp and steep decline
Lol called it. Posted earlier about AMZN crashing from that high, seemed my analysis was spot on even tho I got a lot of negative feedback, genius cant always be loved
AMZN forming a bearish channel/wedge, similar pattern we saw with bitcoin at 65K in april. AMZN will go down from here (additionally amzn website is down right now and has been for a few hours). AMZN stock will open lower tomorrow and continue lower in the following months. Wish I was rich because I could get even more rich from this but I don't even have enough...
Can we just take a second and look at this chart? What the hell is the valuation of the stock market built on? Magic?? US Reports its highest daily covid cases ever - stocks go up. Biden most likely will win the election, causing policy changes including increases in taxes, yet once again - stocks go up. Now look at how the S&P went up this week as well. Not a...
Had this pennant drawn out before it broke thru and bought before it broke thru. The TA on this was absolutely beautiful, tons of volume coming in and a great technical setup. Absolutely Beautiful. AMB you are my moonchild. Make me rich babe <3
Long as fuck in AMB, from what I know its an absolute shit coin with a market cap of 2 mil when I invested in it, but wow the technical analysis on this one screamed at me. Easy 10x? we will see. currently up 33% :)
Interesting to see how the S&P 500 seems to have made its decision on a bullish note (actually on second thought, volume of Spy was really low today, could this be a double top?), and yet the DJI has not yet done the same by breaking out of its pennant. Is DJI lagging or is the S&P 500 ahead of itself at the moment? We will see.
We are seeing some rejection at the 3238 level, if it breaks this level with momentum, record highs of the S&P 500 are coming. If it does not and continuously gets rejected, this is a fake breakout above the pennant and the market will crash below the pennant. Could go either way atm.
We are seeing some rejection at the 3238 level, if it breaks this level with momentum, record highs of the S&P 500 are coming. If it does not and continuously gets rejected, this is a fake breakout above the pennant and the market will crash below the pennant. Could go either way atm.
