RespectRiskManagement

RespectRiskManagement

H&S patterns that look so elegant usually break to upside in bull markets. Technically and fundamentally Oil is in a bull market. Look for price increases off of this $48/barrel level with price targets nearer $60/barrel into June & July 2017.

RespectRiskManagement

I believe that ~$237 is the Stock Market Top before a broader cycle reversal back to $140 into the coming few years. Trend line resistance extrapolated from 1995 into 2017.

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Stops around $50.7 holding as support and then attempting to short the $51.77 area.

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PT: ~$209-$210.

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$140 PT by EOY 2019.

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5 and 10 DMA's lost in a rug pull fashion today as oil had a bull trap this morning to the $50 integer, followed by a rapid $1 dump in around 1-1.5 hours. MACD bear cross on daily, inverse hammer on daily, etc.

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Lost the bullish support line in the fall of 2015. Merely just backtesting the TL now.

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Price Targets labeled. Eventual PT is $34.

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Short oil.

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Time to buy.

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As long as today closes the daily candlestick at a price of 30.57 or higher, the resulting inverted hammer formation is a signal of a potential bottom in oil prices. My price target remains the macro trend line resistance near $34, with a longer-term price target of $39-40.

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For fun, I decided to draw in -- scribble -- some rounding top and rounding bottom formations in the SPY over the last few market cycles. The reason why I give any credibility at all to the pattern formations is that it provides the psychological sentiment of the market -- that the bullish euphoria is coming to an end, that the bullish strength is weakening. I...

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The fed has printed money for quite awhile. Ironically, let's Short the SPY to see what it feels like to print money.

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It's all about the Benjamins, baby. In this chart, I give my rationale for the imminent stock market crash of 2015-2016. I believe a new generation of millionaires will be crowned by those bold enough to see the opportunity present, analogous to 2008. It's my own personal opinion that current extended valuations leading into this earning season's strength is...

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MACD crossed to the downside back in December of 2014, and has been in a downtrend ever since (additionally, the MACD height reached a double top from the year 2000; the year of the dot-com bubble burst and stock market crash). However, price has not matched this movement, and has instead remained flat or even rose -- to me, this divergence indicates a change in...

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My vertex hypothesis states that before major trend changes, the vertices on their respective parabolas will be generated on their moving average parabolas (minimum or maximum points in which the slope of the tangent line is zero). A common metric for bearish vs bullish market cycles is the price action being below or above the 200 daily moving average,...

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The intersection of the two trend lines that have formed our Bullish Pennant finds the convergence at current PnF chart levels.

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Targeting the 49s, after strong Kenjun-Sen support at 43.5.