Posted by elementsix on 18th of May 2026 at 04:21 pm
EEM- Holding support at
the .236 and the 20-day. Wouldn't be surprised if it dips a few
more bucks, closer to the 50-day. Like to see the MACD recycle a
bit more...
Posted by elementsix on 8th of May 2026 at 02:06 pm
Don't forget your weekend hedges...
You'll want deep OTM Calls, probably 0DTE.
This will safely hedge your FOMO next week when we find out the
Straight of Hormuz has been permanently filled with sand, causing
the market to go limit up.
Posted by elementsix on 7th of May 2026 at 09:53 am
Elliot Wave - I think the real benefit of EW is in the macro
picture. It's about knowing what Wave you are currently in and what
to expect as far as price action during that Wave. Think weekly,
not daily.
We're in Wave 5, Impulsive. Being a little conservative will
likely be rewarded. When we get to Wave 1, maybe be more
aggressive. That's great macro knowledge to have. It tells as WHAT
to expect now and next (but not WHEN). EW is not an everything
tool... use it for what it's meant for and rely on a multitude of
other indicators.
Posted by elementsix on 22nd of Apr 2026 at 01:50 pm
FLYYQ - From someone who knows a thing or 12 about
bankruptcies... ha!
Spirit Bankruptcy... no more:
https://finance.yahoo.com/markets/article/trump-administration-reportedly-close-to-a-deal-to-rescue-spirit-stock-surges-153105806.html
Posted by elementsix on 15th of Apr 2026 at 04:00 pm
Position size is EVERYTHING with the Systems.
I learned the hard way as well when I ran out of $$ to make
the necessary subsequent entries. I couldn't turn the losing trade
into a winner. I now keep enough liquidity to handle 3 entries on a
minimum of 2 systems. I try to make that for 3 systems whenever
possible (so 9 potential entries).
1st entry the ETF, 2nd the 2x ETF, 3rd the 3x ETF. I shy away
from using options for the Spy System because the decay often
killed the trade, even when it worked using ETFs.
Stick with it!
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URA
Posted by elementsix on 5th of Jun 2026 at 09:47 am
URA - Falling outta bed...
HPE
Posted by elementsix on 1st of Jun 2026 at 04:21 pm
HPE - HUGE pop...
HOOD
Posted by elementsix on 28th of May 2026 at 02:45 pm
HOOD- Blasting out of the wedge.
EEM
Anyone dipping their toe into EEM or EFA?
Posted by elementsix on 18th of May 2026 at 04:21 pm
EEM- Holding support at the .236 and the 20-day. Wouldn't be surprised if it dips a few more bucks, closer to the 50-day. Like to see the MACD recycle a bit more...
SATS
SATS could probably move stop up to that higher low I show dotted line
Posted by elementsix on 14th of May 2026 at 03:50 pm
SATS- nice C&H formed
Don't forget your weekend hedges...
Posted by elementsix on 8th of May 2026 at 02:06 pm
Don't forget your weekend hedges...
You'll want deep OTM Calls, probably 0DTE.
This will safely hedge your FOMO next week when we find out the Straight of Hormuz has been permanently filled with sand, causing the market to go limit up.
Elliot Wave
Blow off v move
Posted by elementsix on 7th of May 2026 at 09:53 am
Elliot Wave - I think the real benefit of EW is in the macro picture. It's about knowing what Wave you are currently in and what to expect as far as price action during that Wave. Think weekly, not daily.
We're in Wave 5, Impulsive. Being a little conservative will likely be rewarded. When we get to Wave 1, maybe be more aggressive. That's great macro knowledge to have. It tells as WHAT to expect now and next (but not WHEN). EW is not an everything tool... use it for what it's meant for and rely on a multitude of other indicators.
FLY - Ugly Candle
Posted by elementsix on 5th of May 2026 at 10:13 am
FLY- Ugly Candle after overall good earnings. Profit taking.
AMZN + MSFT looking better
AMZN, META, MSFT all down significantly ... GOOG is holding ...
Posted by elementsix on 29th of Apr 2026 at 06:02 pm
AMZN + MSFT looking better now... both up AH. META still whacked.
We'll see where everything opens in the AM.
SPY SYSTEMS
Posted by elementsix on 29th of Apr 2026 at 03:59 pm
SPY Systems - Are they still closing out for SPY/ES?
SATS- Down to the 50MA
SATS comments
Posted by elementsix on 24th of Apr 2026 at 03:51 pm
SATS- Down to the 50MA and the 61.8 Fib
It's like the war is
NOC, LMT, GD, RTX etc ... what's going on? not ...
Posted by elementsix on 24th of Apr 2026 at 12:24 pm
It's like the war is already over...
SATS - Divergence
XOVR, SATS SpaceX
Posted by elementsix on 23rd of Apr 2026 at 11:00 am
SATS- nice divergence now at logical bounce level on the 30 minute chart. Low risk entry, put a stop below yesterdays lows.
FLYYQ - Spirit Airlines
Posted by elementsix on 22nd of Apr 2026 at 01:50 pm
FLYYQ - From someone who knows a thing or 12 about bankruptcies... ha!
Spirit Bankruptcy... no more: https://finance.yahoo.com/markets/article/trump-administration-reportedly-close-to-a-deal-to-rescue-spirit-stock-surges-153105806.html
SATS - Setting up for C&H?
XOVR, SATS SpaceX
Posted by elementsix on 22nd of Apr 2026 at 01:05 pm
SATS- Setting up for a C&H (2nd time is a charm)?
Nice retest of the initial resistance level. Would like to see MACD, Stochastics reset a bit more. Maybe eyeing that 50MA below for an entry.
SNDK - pretty normal check
SNDK
Posted by elementsix on 22nd of Apr 2026 at 12:54 pm
SNDK - pretty normal check back to the 9EMA... may finishing this 7 day consolidation?
Helium
WEAT swing stop
Posted by elementsix on 20th of Apr 2026 at 10:42 am
APD- I like APD for a helium play... there aren't many. It's been struggling at $295-300 for the last 2 months.
WTI Crude
WTI CRUDE OIL
Posted by elementsix on 17th of Apr 2026 at 03:58 pm
Yes and... https://finance.yahoo.com/news/oil-is-trading-below-90-per-barrel-in-the-futures-market-in-sri-lanka-buyers-are-paying-286-164645258.html
SCO - Do I dare...
Posted by elementsix on 17th of Apr 2026 at 10:51 am
SCO- Do I dare...
SPY System Position Size
I'm never shorting again.
Posted by elementsix on 15th of Apr 2026 at 04:00 pm
Position size is EVERYTHING with the Systems.
I learned the hard way as well when I ran out of $$ to make the necessary subsequent entries. I couldn't turn the losing trade into a winner. I now keep enough liquidity to handle 3 entries on a minimum of 2 systems. I try to make that for 3 systems whenever possible (so 9 potential entries).
1st entry the ETF, 2nd the 2x ETF, 3rd the 3x ETF. I shy away from using options for the Spy System because the decay often killed the trade, even when it worked using ETFs.
Stick with it!