tuckb4

tuckb4

Cost perfectly tagged the upper line of the rising wedge that we have seen play out over the past couple of weeks. I opened some puts at the top today in hopes that it breaks to the downside of this wedge for a target around $900. This would also complete the right shoulder of H&S on daily chart.

tuckb4

NASDAQ:COST is currently trading within a well defined ascending wedge that looks like it may be forming a right shoulder on the daily chart. Looking to get short near 1,020.

tuckb4

Costco has been bouncing between these trendlines the past couple of days. I'm expecting a big move in either direction soon, but right now its 50/50. My lean on the longer time frame is to complete the H&S on the daily chart to the downside after potentially trying to fill the gap at 1020.

tuckb4 Updated 

The charts on the homebuilders are stretched and NYSE:TOL looks to be putting in a top here after 5 waves up. Interest rates are cruising higher and there is no reason the builders should be flying this high.

tuckb4 Updated 

chart doesn't lie

tuckb4 Updated 

The 1929 crash and 2020 crash look eerily similar. I'm looking for a top of wave 4 tomorrow at the 50% retracement of wave 3. We should get one final leg down on this crash. From there I'm looking for a bounce back up to the 200 day Moving Average. This bear market is just starting in my opinion and the 1929 looks like it provides pretty good clues of what is to come.

tuckb4 Updated 

Pushed back down to the lows...watching for a bounce

tuckb4

Forming the right shoulder...starting to accumulate puts here for a move back towards $140

tuckb4

Bought 200 July $36 calls today at the gap fill and strong horizontal and trend line support.

tuckb4

This looks exactly like the Gold top from 2011 to 2013