GE - Chart Link- price tagged the symmetry
target and bounced off that low. Watch symmetry though
because if price goes back down and breaks symmetry, then you have
an Inverse H&S that could form on a lower high bounce
GE - Chart Link- first main targets would be
the 20 day SMA and symmetry of the wedge, but if symmetry is
broken, then there's a strong chance of the lower high rally
forming a RS of a H&S top. Rising wedge patterns often
morph into H&S patterns
GDX - Chart Link- daily view - technically
since price did make a minor new high could be a wave 5 and then a
get a larger abc correction, but too early to call that, for now
price pulled back at that double top resistance
side note: one of my brothers, who owns a decent size business
with a lot of employees - he deals with both government and private
sector - he told me a few weeks back that for the first time in
years he's started to see his customers get a LOT more cautionary,
wait on purchases, hold off on buying, etc. He deals in security
cameras, remote card access, some remove HVAC monitoring. and
generally this type of business is where people don't easily
pullback spending on, not like luxury items you don't need or going
out to eat etc, these are more necessities
SPXU - Chart Link- here's the SPXU chart to go
along with that SPX 60 min. Maybe a hedge with a very tight stop if
you are holding tons of longs you don't wish to exit right now
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META
Posted by matt on 13th of May 2024 at 09:49 am
META - Chart Link- backtested that broken trendline last week and rejected there
Airlines
Posted by matt on 13th of May 2024 at 09:45 am
JETS - Chart Link Airlines ETF looks decent
DAL - Chart Link Delta been on fire
GE follow up, wedge playing out
Posted by matt on 13th of May 2024 at 09:42 am
GE - Chart Link- price tagged the symmetry target and bounced off that low. Watch symmetry though because if price goes back down and breaks symmetry, then you have an Inverse H&S that could form on a lower high bounce
YINN, BABA
Posted by matt on 13th of May 2024 at 09:39 am
YINN - Chart Link- rally continues in China
BABA - Chart Link- BABA following up, have liked the weekly for a while
VIX 60 min
Posted by matt on 13th of May 2024 at 09:34 am
$VIX - Chart Link- gapped from that divergence off the March lows
A great listen, and hilarious seeing Pelosi squirm
Posted by matt on 12th of May 2024 at 12:10 pm
https://twitter.com/CitizenFreePres/status/1789257632525492558
great speech!
I gotta head out, have a good rest of your Friday and great weekend and Mothers Day
Posted by matt on 10th of May 2024 at 03:55 pm
I know Steve was bushed earlier, been a long week for him. I have to run out to an appointment right now, thanks guys
Update: GE nice short - thx morton
GE nice short - thx morton
Posted by matt on 10th of May 2024 at 03:51 pm
GE - Chart Link- first main targets would be the 20 day SMA and symmetry of the wedge, but if symmetry is broken, then there's a strong chance of the lower high rally forming a RS of a H&S top. Rising wedge patterns often morph into H&S patterns
GDX comments
Posted by matt on 10th of May 2024 at 02:56 pm
GDX - Chart Link- logical area for price to consolidate
GDX - Chart Link- daily view - technically since price did make a minor new high could be a wave 5 and then a get a larger abc correction, but too early to call that, for now price pulled back at that double top resistance
BITI and Bitcoin
Posted by matt on 10th of May 2024 at 01:57 pm
BITI - Chart Link- nice move from my post this morning
$BTCUSD - Chart Link-
Bitcoin 4hr
Posted by matt on 10th of May 2024 at 12:47 pm
$BTCUSD - Chart Link so far a 3 wave pullback to the 61.8% Fib area
GE nice short - thx morton
Posted by matt on 10th of May 2024 at 12:39 pm
GE - Chart Link really like that wedge
Update: Bitcoin and BITI
Bitcoin and BITI
Posted by matt on 10th of May 2024 at 12:33 pm
BITI - Chart Link- updated view
Update: Update: SPX 60 min
SPX 60 min
Posted by matt on 10th of May 2024 at 10:55 am
SPXU - Chart Link- nice bounce, in this, and nice pullback in SPX
$SPX - Chart Link-
I posted this an hr ago when prices were up giving a heads up warning
nice pullback in the market since and nice bounce on that SPXU
side note: one of my
USD and 10 Year Yield ramp
Posted by matt on 10th of May 2024 at 10:54 am
side note: one of my brothers, who owns a decent size business with a lot of employees - he deals with both government and private sector - he told me a few weeks back that for the first time in years he's started to see his customers get a LOT more cautionary, wait on purchases, hold off on buying, etc. He deals in security cameras, remote card access, some remove HVAC monitoring. and generally this type of business is where people don't easily pullback spending on, not like luxury items you don't need or going out to eat etc, these are more necessities
the 'consumer' isn't happy
USD and 10 Year Yield ramp
Posted by matt on 10th of May 2024 at 10:51 am
the 'consumer' isn't happy
Bitcoin and BITI
Posted by matt on 10th of May 2024 at 10:48 am
BITI - Chart Link Bitcoin has been dumping, see tradingview chart
BITI 15 min had sort of an abc pullback
SBUX
Posted by matt on 10th of May 2024 at 10:36 am
SBUX - Chart Link- major target is that 9 EMA on this CCI bungie bounce setup
been a nice trade!
Update: SPX 60 min
SPX 60 min
Posted by matt on 10th of May 2024 at 10:15 am
SPXU - Chart Link- here's the SPXU chart to go along with that SPX 60 min. Maybe a hedge with a very tight stop if you are holding tons of longs you don't wish to exit right now
AVGO Broadcom one to monitor
Posted by matt on 10th of May 2024 at 10:11 am
AVGO - Chart Link- had a big run from those Oct lows, and part of the AI stuff, semiconductor.
anyway it's been consolidating for a while in this pattern, one to keep an eye on