the_no_factor

the_no_factor

After the breakdown below the rising line from the top of wave 1 to wave 5, we will get a nice entry to short GBPUSD and ride it down to previous lows. This is not a short term trade idea since these waves have been forming on a daily timeframe so it might be a bumpy ride down.

the_no_factor Updated 

After the May selloff, CWEB has broken the downtrend line and started forming a series of higher lows and higher highs. Based on that and that it is against the 20EMA, I am long targeting a move to the previous higher high (Around 24.5) and if it goes past it then to the target 2 which is roughly the distance that it moves from the previous impulse up (around 27).

the_no_factor Updated 

Looking for a short term profit on a retracement to the trendline. Today it failed to break and close above the Aug 2013 Highs and there are signs of a retracement starting to play out since it: 1) Failed to break the resistance 2) Reversed from the daily highs forming a shooting start Looking to hold the trade for a few days. If tomorrow (June 26th) continues...

the_no_factor

We gapped on Monday, reaching 2874.75 point, where the market pivoted at the beginning of 2018, I have found gaps on the ES to be very reliable to foresee that the market is going to move at some point towards the gap and close it (in the ES) the higher the time frame we see the gap in the more attention we should pay to it. Just look at what happened last Dec...

the_no_factor Updated 

This week vas very volatile with Thursday an Friday having big moves, we closed the week with heavy sell side pressure, showing an inverted hammer on the weekly candles. This 2800 level has been a key level for the past year and a half. Based on what I see in the charts and some fundamental information I believe that if we close below the 2800 level and break the...

the_no_factor Updated 

Last week the price doubled the expected move for the week (based on what the options market was pricing). We saw some violent move upward generating multiple gaps (breakout, runaway, and exhaustion), ending with a double top at the close of the week. Given that the price ended Friday with exhaustion and a double top and add to that, that it is still within the...

the_no_factor Updated 

This market rally has been insane!!! with several consecutive weeks going up nonstop (got to admit it is starting to hurt me a little), but we might see a reversal in the next few weeks. I would NOT say a reversal is imminent as there needs to be a catalyst to trigger a sell-off and the market only seems to be going up based on China-US trade hopes and the Federal...

the_no_factor

With the massive sell-off Apple has fallen about 40% from it's highest highs back in 2018. I think based on the technicals that I am seeing, that it will continue to drop a bit more and find support around 130- 135 which is a 61.8% retracement from the highs of 2015 to the highs of 2018. The downtrend is showing signs of weakness as we see indicators like the...

the_no_factor

I believe there will some additional selling before we can see the Rusell find some support around 1220 - 1230 which matches with a 38% retracement from the highs we saw just a couple of months ago, additionally that area matches with the uptrend that started at the end of the financial crisis in Feb 2009. If that long term trend breaks I think we could see it...

the_no_factor Updated 

Going long between E-MINI GAP 2666.50 - 2668.25 generated earlier today

the_no_factor Updated 

Holds around 2600 bounces back, breaks out of falling wedge pattern and stops at the 200 (15 min) MA