the_sunship

10:56

the_sunship Updated 

All in the video. Technically we were primed for a larger move down and I think we've started. Next obvious support is 4800, but I believe it will break and we'll get down to 4725ish within a week - that's also where the daily BB is. Everything looks bearish except the Dollar right now. Will update if things change. Good luck!

11:33

the_sunship Updated 

All in the video. Tech may have topped but we will likely bounce on QQQ and SOXX and therefore get the SPX to new highs, either before or after FOMC. Gold is consolidating for a big move, I think down to 1900 or lower. BTC will probably test it's highs and maybe even get to 50k or more. Good luck!

11:14

the_sunship Updated 

Fomo Friday will probably continue into Monday. My guess is risk on assets - IWM and Crypto will likely get bid hard while SPX and QQQ consolidate and take a breather. Gold needs to hold 2k otherwise it will probably dump hard. Oil has made no real decision yet, but XLE looks like it will rally back to it's channel. TYX is rising, but so far the market doesn't...

08:43

the_sunship Updated 

All in the video, it could be that the 18 daily ma acts as resistance today and we get to 4700 minimum. I'm cautiously bearish because of the movement on the Dollar (DXY) and explain that in the video - good luck!

14:27

the_sunship Updated 

Bias is still up n the SPX and getting over 4800 is likely. USOIL is at a decision point. Gold rallied hard friday but to me it seems like a kick back rally. TYX looks like it will pullback, thus supporting more upside in the spx. BTC has lost it's channel and I believe it's an objective short from here for a while.....

the_sunship Updated 

A sideways B of B wave is almost complete and a violent C of B may be next. A breakup on GSR would likely be larger drawdown in metals. If the GSR breaks down, it's very bullish for metals, but right now momentum looking like it wants to go up.

09:52

the_sunship Updated 

All in the video. We're at a precarious level in both OIl and XLE and I believe it may breakdown or be saved very soon. Keep in mind nothing is actionable yet. I will update this when I see evidence either bullish or bearish. Right now I lean bearish but I have not seen a breakdown just yet. Good luck!

09:33

the_sunship Updated 

All in the video. I'm collecting Nat gas near these levels and I explain why in the video - I hope it's helpful - good luck!

09:04

the_sunship Updated 

All information in the video. I think a turn for xlf is coming and it may be quite strong. Under 37.50 will be a marked change especially if they close the week below it. Good luck!

12:56

the_sunship Updated 

All in the video. The market is trying to decide whether to go lower or not. Hard to say at the moment. Under today's low and we probably go to the daily bb around 4640. A break above 4720 and we could rally to 4750-4770. Right now there is no panicky selling, but any rally from here I believe is a selling opportunity. Other markets are also interesting. BTC may...

08:04

the_sunship Updated 

All in the video. The next few days will help to see if we will get a bounce or a quick move down to 4600. Metals and Oil also covered....

18:53

the_sunship Updated 

Just getting back so I wanted to look at everything with fresh eyes. Some long term and some very short term ideas. I hope you had great holidays and have a wonderful 2024!

04:46

the_sunship Updated 

All in the video, sorry my voice is recovering so it's a short video. Creeping higher is likely, but a break below 4770 would be more interesting for bears. IWM is at strong resistance.

10:33

the_sunship Updated 

All in the video. 4780-4800 was the area of interest because of the multiple Bollinger Bands, and the reversal as of now seems impulsive. Let's see how the numbers affect the market tomorrow at 8:30am. Good Luck!

11:55

the_sunship Updated 

all in the video. we're at an important technical level for the markets, we'll probably see if it means anything this week. I still expect slightly higher, but not much above 4800 if we get there. Oil and Gold are both confusing right now, hard to say what's happening there. Yeilds are at strong support and I expect a reversal for them this week. Good luck!

10:57

the_sunship Updated 

All in the video, I believe we are close to a turn although a stab above 4700 would be ideal to take out the majority of bears who are still hanging on. A few days to go higher at most, but I believe the parade is ending soon. Last update I thought we would float up into christmas but now it looks like we will top before then. Good luck!

13:09

the_sunship Updated 

All in the video. They had a chance to break SPX down today but failed to do so. A santa float up into 4600+ is likely to take out stops and meet with the weekly BB around 4650. This should set up further buying for the trashy stocks (companies in debt and having no profits to speak of). Oil may find some buyers here but right now I wouldn't touch it. Gold looks...

09:23

the_sunship Updated 

All in the video, a correction is likely but I don't think we crash. Final targets are still 4600+ for this particular rally. IWM and DJT caps will likely get heavily bid into the end of the year while SPX and QQQ take a breather. OIL downtrend continues, needs to get over 80 for any kind of reversal to take place. Gold could be in a Wyckoff distribution here, I'm...