NASDAQ:NVDA This market is on AI "crack" and "hopium", disconnected from the reality of a declining labor market, ATH personal credit card defaults, and declining consumers who can't even afford to shop at the dollar general anymore. Let's see how this crowded trade plays out. 1) Will China invade Taiwan and take NVDA down? 2) Will November elections prove...
By taking the fractal from the previous impulse and placing on top of the current run (with decreased timing) from the low, we can get an idea of how this fractal may play out if the ALGO target is indeed 6K for the S&P. Note the support and resistance trend lines and channel and how prices appears to respect those projections. Note: Not Trading or Investment...
Is the S&P finalizing the C wave? Let's see how this plays out. Not trading or investment advice. Entertainment ONLY!
Let's see if this EW prediction (C wave of ABC) plays out into the support levels identified. Not trading or investment Advice. Entertainment ONLY!
Here is my thoughts on BTC's direction as we move toward the elections into November '24. The chart is purely technical. I will spare you all of the fundamental reasons I believe this will happen. Two scenarios here: 1) Price continues moving up to a breakout. 2) Retest the 52K region where the speed fib fan support exists. Not trading or investment advice....
OANDA:SPX500USD Thanks to the FED, the infinite money printer FRED:WALCL (white line) propped markets up again since beginning of Sept 2019. Now that inflation has rooted in, mass layoffs are occurring daily along with another round of increased small bank failures, the FED is once again reducing their balance sheet... Let's see if this is the point where...
Bear divergence noted on the larger timeframe. Could this current divergence setup be similar to the previous selloff in 2020 which ended up painting the bullish megaphone for which we saw a face ripping move higher toward 5k. If this similar pattern happens, I suspect 6k S&P will be realized after. Not Trading Advice. Entertainment ONLY!
OANDA:SPX500USD It would appear to me, price action is in some kind of suppression range like it was before an explosion upwards. If we simply grab the bars pattern from the upward move and overlay them into the channel, you get the following price action respecting future channel boundaries, until the end... So with all that price speculation in mind, let's...
CRYPTO:DOGEUSD Doge looks poised for more downside into 2024, inside the wedge before breaking upwards toward new ATH's. That is, unless Elon has plans to integrate DOGE payments, tips, etc. with X (formerly twitter). X has been filing for money exchange licenses in multiple states, so perhaps there's something BIG coming for crypto and X. Stay tuned. For...
Watching this ending diagonal pump play out. I'm anticipating an .886% failure. Meaning algo selling begins before the psychological human target expectation is reached. NOTE: NOT TRADING ADVICE > Entertainment only. Trade at your own risk.
NASDAQ:MULN Dark Pool exchange volume appears to be holding price down to facilitate the naked shorts. Out of the 700M volume from 4/24/23, 70% of that volume was in Dark Pools (unlit exchanges). In my opinion, the fundamentals are there to support higher share prices with the latest contract news, EV deliveries, and innovative tech that extends battery life...
SP:SPX Let's see if there's any rate hike surprises or if market has priced in expectations. Looking for 4170 target on SPX
KRAKEN:XLMUSD Fun Fact: Stellar Lumen (XLM) is just 1 of 8 cryptocurrencies considered 20022 ISO compliant and only 1 of 2 compatible cryptos that is a Member of the ISO 20022 Standards Body. Why is this important? Well, with all of the looming government regulation, it will be considerably important in the near future. Simply put, would you trust putting...
OANDA:SPX500USD Watch for the daily candle close UNDER this median channel for the bear case scenario. If the candle body closes ABOVE the channel median, theres' a likelihood price action recovers to go a bit higher to flush out the bears. Trade Safe! NOTE: Not investment or trading advice. Entertainment only!
OANDA:SPX500USD Looking for a 38% retrace level before the S&P has a true probability of bouncing back up to a significant level. Expecting rate hikes to "break" something, causing the FED to pivot and revert back to QE again, keeping the ponzi scheme alive a while longer until CBDC's are introduced and deemed mandatory. Note: Not trading or investment...
Historic bounce zone for bitcoin, off the 233 EMA. See my previous analysis to justify why Bitcoin COULD bounce UP from this range. Reasonable Target #1 would be approx. $74k Weekly Oversold 233 EMA Bounce .618% Retrace into Recovery Target from Bearish Breakdown in 2022 MACRO Trendline - Pitchfork pivots Note: Not Trading or Investment advice....
OANDA:SPX500USD To raise rates OR to raise inflation... TBD What will the FED do next?
INDEX:BTCUSD Bitcoin has a high success rate of bounce potential on the weekly timeframe when RSI diverges from price. Typically, this happens WHEN there's one last capitulation wick to the downside and RSI continues to climb out from oversold and make higher lows. Here's a perfect example going back to December 2019 ~ Takeaways: Watch for diverging price...