Seems Market makers have set up their Options to profit from a flat MARKET Thoughts : ( Please comment you can just type in your number 1 or 2 ) 1) Are the Market being held back from rallying higher ? or 2) Are the Market being held back from Correcting deeper ?
Just lookin at the 30 min. Maybe BTC is bullish and everyone is right, but I tell you right now it looks bearish. Do what you want.
After being provoked by Media Trump needs to prove "He Ain't Chicken" (TACO trade). Expect Choppy correction lower, not "NICE". There's a lesson here, he is the PREZ be nice.
Chart Is Clear, BTC Major high Target 120k, Manage your risk
Upon close analysis of BTC corrections, it appears that the price is moving in a series of three-wave structures to the downside. We may currently be near a bottom, possibly completing a WXY corrective pattern. However, there is still the potential for one more up-and-down movement before a breakout to the upside, marking the start of the final Wave 5 toward a new...
Expecting choppy ending diagonal wave 5 up to 6130-6200area. Followed by a larger wave 2 correction at the next higher degree/ set up for the a larger wave 3 wave to new ATH. ( Tax cuts/ rate cuts ). How low will wave 2 go? ( somewhere in the green box most likely). Will we need to monitor its structure going down. Trump will not let market collapse to far...
Expecting the main indices will experience some sideways motions for the next +/- 4 weeks. Top might be between 5,950 and 6,000. This doesn't mean ALL stock will be sideways. *(Defense sector seems very bullish) Ultimately after wave 2 is complete Markets will have a good consolation / launching pad for Wave 3.
Expecting Bullish momentum to dissipate after May 15 options expiration then trade in a profit taking corrective range consolidation before rising higher to new ATH. If you were not able to buy the low be patient 140 may be a good buy as well as an add.
Makers holding this thing up...Long for next 2 weeks then, mid May after options expirations... very cautious. 21,720- 21,800 is pivot where one might want to consider taking profits or trying shorts, sfterwards market could go anywhere
Today the Nasdaq made a Bullish trendline check and breakout to the up-side. Looks to be a sustainable rally. Also the Ichimoku is breaking out on the daily. If you have hedge positions this the potential BULL rally you might need to manage those position through. Seems we are lining up for good news, Bullish narrative: Ukraine mineral deal, May 06-07 interest...
Market drop will begin to form temporary bottom, to start final leg up to complete ending diagonal 5, Then back down for a larger Cycle wave 4, then up. So we are officially in 4-5. 4-5, ending diagonal land.
VTI is approaching a point to bounce ether starting Friday or Monday. Lets see what happens
KOLD (gas short 3x) seems like an nice straight forward Elliott set up, scale in you position over time, (gas can bounce before it gets started) good 100% potential gain. GAS is volatile so Please do NOT use margined and don't bet the farm or the kids. Don't Gamble GAS should be just one average size position of the many. (use risk management)
I’m unsure whether this is the ideal time to buy or simply begin accumulating, but the company, which 3D prints custom fire-resistant concrete single-family homes, may finally have the opportunity it needs in Los Angeles. Local news has covered the mayor and ICON executives participating in photo ops and check giveaways to families displaced by recent fires. While...
BTC doesn't want to leave its Friday closing price, good day trading practice. These are all real (not changed after the fact based on patterns and price levels) I have 1 small long in there (hard to find). This is not a prediction of what might happen the scale is way smaller than my normal trading. I would say I'm bias short on the 15minute, but on a daily...
I consistently find that SPX / DXY provide the most reliable wave patterns. I'm anticipating a healthy Wave 4 pullback in the near term. Currently, I am gradually building hedge positions and taking profits while exercising caution ahead of the upcoming inflation report
Someone once said, "The most bullish thing a stock can do is go up". However, in this case, the most technically bullish move BTC can make is to complete its lower-level correction (a-b-c). If BTC continues to gradually rise, it could suggest the formation of a higher level Wave C of B, which my turn bearish
After DXY complete triangle up (3 waves) to 105, I am expecting a 1 year slide lower to support at 88