yupyupyup

yupyupyup

Risk to reward buying here is absolutely atrocious. This drop will be one for the books! Look for it to coincide with some groundbreaking FUD.

yupyupyup

Rising wedge break DOWN to 3000 or below. Head and shoulders on RSI looks to want to play out here.

yupyupyup

Where would the RSI want to go from here? Just seems like the most likely move....considering the bearish divergence and all. Price wise I think 3000 or less.

yupyupyup

Just an observation here for the RSI rainbows as noted. This pattern if it repeats would be a doubling of the rainbow harmonic in time if that makes sense....

yupyupyup

I didn't draw the bearish RSI divergence since 1929 but you can actually create a downtrend line on the RSI by taking the peak from 1929 to where we are now and it touches around 5 or so peaks. More importantly it looks like 3.618 extension has been hit and unless we get an extension to 4.618 this would appear to be a good candidate for a top. Also bearish...

yupyupyup

Looks like wedge support made a wick as it stands right now. Things could get very interesting!

yupyupyup

bagholder stock beggining capitulation phase....will accelerate to the downside

yupyupyup

I haven't shown the fibs but yeah it's at the .618 retracement so algo's will be going short here. RSI rejection at the resistance line and just about ready to break RSI support line. $100 by summer/fall 2022

yupyupyup

2.618 fib extension is 9 ish dollars and that's where we go long. Has confluence with a gap in the weekly chart as well so very nice to target that area for shorting. 1.618 fib target for maybe Nov 1st or Dec 1st is 22 ish dollars. Great to short here on deliveries tomorrow and with SPX bear flagging.

yupyupyup

Fib target of 4160 for a bounce or flat correction of wave 4. 2.618 fib extension gets us to 3900 is and from there we will re-evaluate.

yupyupyup

A rising wedge above another rising wedge. Cool trick.

yupyupyup

Asset bubble is done. Confirmation on RSI, Stochastic, Rising wedge trendline broken, etc. I doubt real estate survives this one by the way.

yupyupyup

Bear Pennant most likely forming here. Short at 4420 for the next leg down.

yupyupyup

don't exactly know where this is going but yeah looks bearish. I suppose it could go negative for all i know

yupyupyup Updated 

See RSI wedges. This RSI wedge we currently in has around till November before it either breaks down or up. I'm thinking that it breaks the channel highlighted in black on the chart.... Short term bearish though I think 10-13 is the bottom for August touching the bottom part of the wedge and then a rip to the upside by end of August.

yupyupyup

Yeah market is extremely dangerous right now. Either buy puts or just wait for the pull back no reason to buy into these divergences on hopium or FOMO or whatever it is that is enticing you to buy.

yupyupyup

We all know they print trillions but remember it's all relative to other currencies as well. RSI wedge breakout could simply DECIMATE risk-on assets like Thanos just snaps his fingers.

yupyupyup

looks to be respecting the downwards channel. If so look out below as $25 would appear to be in the cards