tipere445

tipere445 Updated 

Good day folks, That’s the way I see the situation as of now. The very short term looks conflictual, however when you look at the 4hrs RSI, it shows that we could see a right shoulder forming. In the eventuality that it does, SPY would make another top. Double-top on chart + H&S on RSI, I’m short here. I expect a bit of selloff tomorrow morning within the...

tipere445 Updated 

Good day folks, A basic idea as usual. TLT have been oversold twice. Looks like it could bounce up, and maybe, fill the gap. There is also a big green candle that gives some support to this idea. Thank you,

tipere445 Updated 

There are some signs of a sharp price movement coming, either long or short. Bearish View • VXX 4hrs RSI could make a double bottom; • SPY 4hrs RSI could face resistance; • VXX chart could make a double bottom; • SPY chart is at resistance. If these patterns don’t materialize, then it should be very bullish for another few days. We should have a confirmation at...

tipere445 Updated 

Good day folks, Quick recap: we have an uptrend within a larger uptrend. It is bullish on an intermediate timeframe, life is good, no need to panic. The lately smaller uptrend is sitting on support, and it is holding (for now). • I think that we are going to see consolidation in the first 2 trading days this week (see symmetrical triangle); • We could see a bounce...

tipere445 Updated 

Good day folks, Tomorrow will be a decisive day for this rally; it will either reverse short on continue with a lot of strength. The RSI in many timeframe looks awful: double top in the 4 hrs, daily and weekly. So IMO, we need a breakout of these double-tops in the RSI tomorrow or there will be a selloff, triggered end of the day/next week, and it could be...

tipere445 Updated 

Good day folks, Looks like we have a inversed H&S showing up on the 15 minutes chart and a rising RSI. This could be the end of the selloff for now. Let's see.

tipere445 Updated 

Good day folks, We may have a channel showing up, however we still have a day or two to see if the market continues to rise or reverse down. This makes this analysis very speculative, but when a channel shows up, the price action usually goes from an extreme to another. If it continues to rise, then it is logic that we reach the resistance line of the channel...

tipere445 Updated 

Good day folks, Looks like the DJI is making an inverse H&S pattern. I will be trading it both ways; short and long. A breakout may occur or not, we will see. Cheers,

tipere445 Updated 

Good day folks, I believe that GLD will go testing its channel support line at 119-120, then will reverse again just to continue its uptrend. I will be buying a couple of PUT GLD 2018JUN15 124.00 Cheers,

tipere445 Updated 

Good day folks, I'm gonna hedge a bit on my long by opening a short on this one as we may have a H&S here. Cheers,

tipere445 Updated 

Good day folks, I think that the selloff today is now done. The RSI looks like to turn very bullish on the short-term. I'm buying a couple calls and will close when the target reach 120 or the support doesn't hold. Cheers,

tipere445 Updated 

Could be a fake breakout, but as we starting the earning season, I'm betting on the long side. Cheers,

tipere445 Updated 

Good day folks, Following a successful test of its support at 233, DJI has rebounded strongly making at the same time a higher top. So, we are sitting on something that could potentially be a higher low. The bottom trendline of this potential channel must be tested again, and maybe again. I am optimistic as we have tested 233 successfully, and we are also...

tipere445 Updated 

Good day folks, One of my favourite pattern is showing up on the one and four hour chart. I’m a very short-term trader who often scalp a couple bucks intra-day. However, I will be opening a position in this longer timeframe trade, because I just cannot pass on it. This is a bearish pattern. I don’t know if there is a name for it, if there is one please educate...

tipere445 Updated 

Good day folks, Here is my trading plan for the next few weeks: I don’t think that DJI will be stopping at its previous February low, because the S&P still has space to drop before itself reaching its last low. So, I think that DJI will lose another 600 points to stop at 229 as it is the support trend line of the 2017 Bull Run (around that). If it drops more...

tipere445 Updated 

GLD is on its way to go down soon; the price struggle to go higher and the RSI is decreasing. We also have a rounded top forming. I will be buying GLD April 20 123 Puts. If it bounce back to 124.50 after the first drop, I will double my position. The longer trend shows support @ 119, but I will close @ 120. Cheers,

tipere445 Updated 

Good day folks, Today, I am opening a position on DIA. I will be buying April 06 244 Calls @ around $3.00. I think that this morning gap will be filled, so my target is 247. The potential return is fair and the risk low as we sitting on a "support". Exit the trade if the price goes below 241. Cheers,

tipere445 Updated 

Mar 23 Puts should do the trick. Cheers,