you know TSLA fans gotta

TSLA comments

Posted by matt on 23rd of Sep 2020 at 03:59 pm

you know TSLA fans gotta be open to the possibility of it going below 300 maybe to the 50% fib area before this wave c is over.

otherwise what would allow for a shallower correction where wave c doesn't take out the low of wave is either a double bottom or a triangle consolidation where you have abcde pattern that takes a lot more time to unfold, wave c forms a higher low then rallies in d which forms a lower low, then down in e with another higher low above the low of d - basically will take time.

TSLA needed consolidation after that blow off top.  You either work all that off with a large enough price pullback, or through enough time consolidation

exactly the chart of the

Look at this volume in UUP.  Wow!

Posted by matt on 23rd of Sep 2020 at 03:16 pm

exactly the chart of the dollar screamed bullish before this move, it was clearly putting in a bottom

yep to me HYG was a bearish sign on the market, it continued to weak while the market put in that bounce

TSLA comments

Posted by matt on 23rd of Sep 2020 at 02:49 pm

sure looks like TSLA is in the c wave now.  And honestly that's what we expected after the symmetry break on the sell off in early Sept that gave high odds at price forming a lower high.

also the KISS chart, after losing its DVT in early Sept it never went back on a buy signal, price stalled at the ATR indicator and you even got a bearish DVT price

updated view on that Tick, you can see price did not hold that 3271 area, my observation is that whenever you lose or break those price levels you tend to get a strong move.  Even from this last one got a quick 15 point move down. The one in the morning that was lost obviously gave a big price move down

Wow - what a move

POLA Updated View

Posted by steve on 23rd of Sep 2020 at 02:38 pm

Wow - what a move on POLA from watchlist 

RFP broke the coil to the downside

Posted by matt on 23rd of Sep 2020 at 02:14 pm

yeah that's a gorgeous textbook

SPX 10 with Fibs

Posted by matt on 23rd of Sep 2020 at 02:09 pm

yeah that's a gorgeous textbook example of previous support becoming resistance

SPX 10 with Fibs

Posted by steve on 23rd of Sep 2020 at 02:08 pm

$SPX - Chart Link- failed to get over key resistance earlier today and approaching yesterday's low

speaking of tick extreme's here's the updated charts, you can see price has been respecting those levels, basically stalled at the one yesterday and after losing the one this morning that allowed for the market to dump hard. 

now there's a support one below at 3271 ish area to watch if acts as a support

POLA Updated View

Posted by steve on 23rd of Sep 2020 at 02:07 pm

POLA - Chart Link- nice pop here 

Market quite heavy so make sure you adhere to your plan and TAKE PROFITS into spikes 

GOCO Updated View

Posted by steve on 23rd of Sep 2020 at 02:06 pm

looking over some on the

120 min charts

Posted by matt on 23rd of Sep 2020 at 02:04 pm

looking over some on the daily KISS where you have those abc buys show up and using a 120 min chart as a filter where when you get an abc buy on the daily KISS you also want to see price on the 120 min be above the ATR and 60 Stochastic to be crossing above 50%. When I look at most examples in the past the two confirm well with each other, a couple times the 120 min kept you out of a whipsaw which is great, and once where it had you wait an extra day where you bought a bit higher.

clearly yesterday on that QQQ chart this filter would have said no go on the QQQ daily because on the 120 min price 60 Stochastic was no where close to going above 50% and price stalled below the ATR. 

I have to investigate further but going forward I may use this combo.  Like I told you guys, this stuff is not static, it's never done, always improving and adding tweaks and filters as I learn more over time. 

also I may do a video sometime on this so I can show examples.  Otherwise here's a visual example

ATEC holding up well

Posted by matt on 23rd of Sep 2020 at 01:52 pm

Update: SPX 5 min

SPX 5 min

Posted by matt on 23rd of Sep 2020 at 01:47 pm

$SPX - Chart Link- 5 min updated view, had an objective short on that last bounce into the underside of the ribbons

SPI - today's runner 

Posted by steve on 23rd of Sep 2020 at 01:46 pm

SPI - today's runner 

Took remainder of hedge off

Some hedges into European close 

Posted by steve on 23rd of Sep 2020 at 12:29 pm

Took remainder of hedge off around 3275

120 min charts

Posted by matt on 23rd of Sep 2020 at 12:26 pm

remember that 120 min system I messed with last year.  I like that time frame for trend that is not too whippy. 

here's a couple clean 120 min charts. Notice the rally stalled right at the ATR indicator yesterday.  monitor the ribbons, the Squeeze which stalled under zero.

the other thing I monitor as you know is the 60 Stochastic, needs to get over 50% level and confirm, and ATR

I don't think so, maybe an older version did, I'll pull up some workspaces and look closer at it and let you know. Remember I modified and changed some settings back in March so I may or may not be using the old bail stop out.

Copper ETF follow up

Posted by matt on 23rd of Sep 2020 at 12:06 pm

CPER - Chart Link- short idea from Monday as a way to play that wedge on the metal

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