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Big W, small W -

Posted by roger on 16th of Sep 2022 at 02:51 pm

Big W, small W - not sure which W guys are talking about but the small one has been negated

Maybe a channel

SPY 15 trying to hold

Posted by roger on 16th of Sep 2022 at 12:48 pm

SPY 15 trying to hold onto horizontal support

LABU going to test that

Posted by roger on 16th of Sep 2022 at 12:17 pm

LABU going to test that thin ice again. keep jumping kid

looks like an extended head and shoulders

NUGT bounced off double bottom

Posted by roger on 16th of Sep 2022 at 12:01 pm

NUGT bounced off double bottom this morning but found resistance at down trend line

TSI cutting up thru BPGDM renko showing pos divergence

In this 120 minute what I call a TSI chart, you can see there is mucho positive divergence, cross up, and psar buy signals. So on whole it stll looks positive. Not to say there can't be pullbacks in the trend though. In fact there's a good chance there might be one early next week.

On top of that, it just looks purdy

Yes, your right about QLD

SQQQ weekly

Posted by roger on 10th of Sep 2022 at 05:18 pm

Yes, your right about QLD not having an inverse h\s. But the reasoning goes that if one can identify a high probability pattern like SQQQ has, then you would look to buy the inverse (QLD) in the same time period irregardless. Simple logic. I would say that rarely do ETF pairs have mirror images. And since we are in a trading, not trending, environment degradation isn't a factor so much.

I always check multiple time frames, especially the weekly because you can see the bigger picture better. Now the reasoning is that QLD has room to run while the SQQQ h\s plays out and one would stay long. Been seeing mention about a short squeeze so we will see.