Maximilianned

Maximilianned

Catching a falling Knife? Sure no question. A couple of points: While the ticker: TICK - NYSE Cumulative, comparing companies up vs down - was buried deeply negative through the day - the RSI was not. Actually look at the RSI with green line under it - it was positively divergent all day - however then it broke down a little at the end - liquidating many...

Maximilianned

We're due for a bounce. Not sure how long it lasts but this is a daily trendline. Megacaps still look weak - however nothing goes straight down. Will be looking to get long around 4500 May only happen overnight.

Maximilianned Updated 

With four naked points of control below - which is very unusual it's safe to say the CAD has some backtracking to do. Most likely they will be taken out all very quickly. News bomb like a high CPI number might do the trick to send the DXY higher and the CAD lower. Personally I am short in the futures marketing targeting the last VPOC.

Maximilianned Updated 

Rally started December 20th - looking for a retracement to .38 Fib back and the trendline. You can see the Virgin Point of Control as well - lots on convergence. Looking to short to till we get back to about 4605. Slow to happen then happens all at once.

Maximilianned

Market is has stopped moving down. Most likely this gets ramped in the overnight back to circled area. Somewhere between the VPOC at 16213 (also .38 Fib) to maybe high volume node

Maximilianned Updated 

Next week Amazon backed Rivian has its IPO ticker: RIVN This will be October 10th - they are looking for a valuation of more than $60 Billion, this is close to the value of Ford which incidentally will own 11% of the of the company. They are the real deal will be competition to Tesla and I expect it won't take long for Tesla to find it way back into the...

Maximilianned

One gap filled today - and another created. However this creates a new gap below.

Maximilianned

Its a lot of money - and moves like this happen slowly and then all at once. You can the huge divergence - this took time as shorts were built up. No accident here as the price stopped right at 1.61 Fib. Moreover its clear double top.

Maximilianned

Simple chart - There is a small dotted green line up top showing you divergence in the RSI. You can see what happened, Bonds went way up. Now we have a much bigger divergence the other way in red. So this sell off that saw the ES touched the 4500 area three times this week reminds me of the September low at 4250 same price action - which thrust up 500...

Maximilianned Updated 

Single handledly held up the SPX / NDX today. Till it didn't - not normal price action, 4.0 Fib - you would think they completely beat last quarter, which they didn't. Sold off to $140 after disappointing results after earnings . Needs to get back into that pocket. That said I'm sure there doing lots of buybacks before new taxation on buybacks comes into...

Maximilianned Updated 

Well honestly who knows. THE USD keeps climbing that will keep a lid on it. Regardless personally need gold to retrace to support at $1793 and hold. Cleaning these VPOCs - at least the last three & hold at 61.8 Fib. Goldman Sachs published that gold may out perform the SPX over the next year. Maybe so - but not a buy signal.

Maximilianned

Looking at some weekly charts. This chart looks like price is going find its way back to the trendline below. You can see the Fed pump from March 2020 as it takes off - but really its gone nowhere since. And its getting weaker and weaker - what's interesting is that you can see it broke resistance (dotted line) but weak - truthfully it looks like a stop...

Maximilianned

Simple chart Wondered why we didn't touch VPOC at 4620 yesterday - missed by five points. Makes sense now. There longer time frame support 'they' don't want broken, yet. We are currently leaning on it as you can see.

Maximilianned

Been posting about the situation in China - now its all coming back. See attached if interested. ES went from 4470 to 4250 on maybe Evergrande is going in to default. Now its happening. I believe the reality should be worth the same - of course this is the tip of the iceberg. Base metal products such as iron in China have fallen the most in 3 yrs. Anyway...

Maximilianned

www.bloombergquint.com Something is breaking in China I attached this chart to an ES chart that was making ALL TIME HIGHS while the New York session was closed - so overnight. Mostly because this was the same news story that caused a 150 point selloff in the ES in September. However that narrative was no longer important as they ramped the ES in low volume....

Maximilianned Updated 

So what took the SPX down in September is pushing this market higher today. Overnight trading was halted on Kaisa another larger property developer in China. There is a systemic issue throughout the Chinese property developer complex. Evergrande is nearing ATH lows again (ticker 3333). ES now sits right on the 2.0 Fib retracement. Next Fib is at 4741 at...

Maximilianned Updated 

I won't credit for finding this but I feel its worth re-publishing. This is a large Chinese Property Bond ETF More stuff like Evergrande - pretty sure bonds don't normally move like this. Something is on fire cause its burning down! Thats a gap down on open in Hong Kong. Details below: etfprod.premia-partners.com

Maximilianned

Bonds Higher Yen Higher US Dollar (DXY) Higher You can see Ultra Bonds broken resistance and the Yen is trying to. The Yen has been churning for weeks. Both shown on six hour chart. The Dollar is at the top of its range - breaks up a bit more it scare people, gets close 95 And maybe the best barometer CNBC just posted moments ago 'Stocks could soar...