SPY measured moves drawn from recent lows- on either side, they tend to want to finish at 127% minimum. This was bull expansion (pink) and projection is seafoam green. You can click either set of fibs to see the draw points
Drew this back in February, possible bear case- even if it doesn't *fully* play out, makes it clear why 420.7 has been giving the bears trouble.
I drew these last year- publishing for my records as these levels may come into play again
TSLA monthly. 20ema sitting at 733- TSLA has not had 5 red months ever. Trendline clear. March is going to be SO interesting.
Nailed it. 2 expansions drawn from yesterday's violent move.
Waiting for bottom to go shopping. Grey= weekly fibs, white = daily, red= from May lows
ZM- just broke below aVWAP from IPO- things are going to get unruly here if it can't break above the resistance of the wedge- I'd previously thought 265 would be sufficient, and while encouraging for bulls, I think we need 268 for even more conviction at this point. Breakdown out of this pattern and a complete freefall ensues- 252- 250-- 242. This is going to...
$ZM at final make or break point- reclaimed hard support late Friday, nice hammer on the daily, but this needs to rapidly get back to basing at 278 for us to have the nice 20-30pt long move I'm looking for. Am I a long term investor who thinks this is going to 400? Absolutely not, but I do see a near pattern completion and serious overextension on the downside....
PTON- what an awful looking chart- for bulls, this needs to make a bounce rapidly at this prior key support. Upon further downside, 90 and 88 are serious respect zones- watching for a hard bounce off these levels and I will take some long- bearish under 92 while being aware of lower PT's to lock profits- if no respect shown to lower pts, will see 88.75 and 84....
SPRT levels drawn from 2004 highs- when this stock could no longer hold $50, I knew it was time to enter short. The algos NEVER forget- ALWAYS ZOOM OUT
BBIG potential new untouched levels shown, major pullback/dip opportunity levels in red. Beyond the upper levels, could touch 20 on a pure squeeze but that would be extreme circumstances
At this point, BABA is below all critical MA's and is a hands-of falling knife. Waiting for some basing and a reclaim of the 200EMA range, basing and a hold over 161 because if not, this is headed down into the low 140s. Never say something is "too low time to BTFD" or "too high time to short"- this market has a way of humbling that sentiment
At this point, BABA is below all critical MA's and is a hands-of falling knife. Waiting for some basing and a reclaim of the 200EMA range, basing and a hold over 161 because if not, this is headed down into the low 140s. Never say something is "too low time to BTFD" or "too high time to short"- this market has a way of humbling that sentiment