warrenbudget

warrenbudget Updated 

Target 10,000. I can't believe I said that... but there is just too much confluence to ignore this possibility. However, a breakdown from this wedge will likely eliminate this play. Either we hit it fast in 2019, or this long is off the table. Let me know your thoughts.

warrenbudget

The biotech sector is really interesting when you dive down into the symmetry of the last few cycles. Early 2000s-2008 and 2016-2018 are mini rallies within the bigger wedge. If this pattern is to continues, you can look for entry around the end of 2020 when we bump up against the larger support line (around $3600), and expect to hit the resistance of the larger...

warrenbudget

Semis swinging nicely in this range bound pitchfork. Volatility increase near the outer bounds, and we are almost there. Clear 5 wave count to conclude at the long term bullish trend line. This is my short term trade to the downside using SOXS 3x bear, and will reevaluate my next move when this target is hit. There's still a long term bull target on most indexes...

warrenbudget

Trump's catalyzed US Steel markets from his wall. Confluence at the $60 mark for NUE short term target. Could hit target at second time based Fib projection if the volatility slows down.

warrenbudget

Keep in mind this is the Canadian chart. Possibility for new highs at $20, but likely falling to $8. PE > 250, production is inadequate; and most importantly, the technicals aren't there for a sustained pump.

warrenbudget

Short term bullish projection from recent lows with 3 month bear forecast to 2015 prices.