On the hourly time frame, we remain bullish and favoring this current breakout on the BTC before a completed 5-wave impulse. Immediate wave (iii) upside targeting the wave iii and also completing a minor degree impulsive 5 waves structure.
XLK hourly chart showing a potential wave (3) increase into the 147 upside before a medium term corrective pullback into wave (4) sets in. One more push higher into the 147-148 and the immediate rally should take us into complete motive impulse.
The NDX is likely going into a minor corrective wave before completing 3 remaining moves into wave (iii) upside target that may reach 14449. Looking to place a short term Balanced Butterfly 14000/14200/14400 expiring May 10th 2021 for this slightly bullish consolidation pattern.
On the hourly time frame, we remain bullish and favoring this current breakout on the S&P before a completed 5-wave impulse. Immediate wave (iii) upside targeting the 4148 level and then at 4284 completing a minor degree impulsive 5 waves structure.
ETH looking for a corrective wave iv pullback before making one terminal move higher into wave v. Look to establish longs if ETH drops into wave iv support at 50% retracement. Stops below wave count invalidation level at 61.8%
Tech acting strong rallying towards wave v upside
Updates on our existing longs on DOGE Since Jan 2021 has proven right with this confirmed bullish triangle pattern. 0.5 of positions profits booked, another 0,5 to go at wave v upside target.
SPCE looking for a move higher with 5 motive impulse with key support level at 23 presenting a good risk and reward on the upside. Look to establish longer term long positions on SPCE with stops below 17.
SNOW measured move in equality into wave C support at about 212 is a buyable level. Look to establish LEAPs on SNOW expiring 2022. With stops below 200.
AMZN daily chart shows it is setting up for a wave (5) rally that could reach 3800. Up to the daily time frame and above, AMZN remaining bullish against the wave (ii) support level at 2977 for now. We are interested in establishing long positions like a bullish vertical that expires in May 2021.
TSLA hourly chart showing a potential wave (C) pullback into the 548 zone before we finally make the terminal wave 5 rally. Look to establish LEAPs on TSLA expiring 2022 if the stock drops into 616-548 wave (C) support level.
The NDX is catching up to the S&P500’s test of new high and the markets are repositioning to test new highs in the NDX. A move through 13715 level signals a 3 remains bullish waves targeting the 14000 level.
On the 1 hour chart, the 4031 support level is acting as a good support level for wave iv setting up for a near term terminal move higher targeting the 4140-4160 upside target.
On the Daily time frame, we remain bullish and favoring this current breakout on the S&P before a completed 5-wave impulse. Immediate wave (iii) upside targeting the 4148 level.
Overleveraged hedge fund position on VIAC is giving the little guys opportunity to load up on on VIAC longer term call options
Will this corrective (A), (B) , (C) on DISCK acting as a good opporunity for some longer term call option on DISCK?
RUT daily chart shows small caps is setting up for a wave (5) rally that could reach 2528. Up to the daily time frame and above, the RUT remaining bullish against the wave (C) support level at 2100 for now. We are interested in establishing long positions like a bullish vertical that expires in May 2021.