I added Silver yesterday as it has been testing the 0.5 Fib at $27, having moved in an ABC count so far, it is not confirmed whether Wave C is complete but there is no reason why it can not bounce ...
2024-07-26 11:42:43 +0000 UTC View Post
$HIMS outstanding week so far, while selling has been seen across the majority of sectors, $HIMS is now reaching to test a higher high here at $23.91.
Up again in the PM now after having back...
2024-07-26 11:36:35 +0000 UTC View Post
Bitcoin has handled this week quite well and I continue to see a movement since its bounce at $53k in an impulse wave.
Price pulled back this week for what I see as Subwave 4 but held on the ...
2024-07-26 11:30:23 +0000 UTC View Post
I think $SOFI has performed ok this week, no large movements down, just moving in a controlled manner down to its white fib support levels and still above its 50 Day MA, this is good to see.
...
2024-07-25 19:02:12 +0000 UTC View Post
$TLT is traditionally seen as a Safe Haven but yesterday it sold off with the market but the most important factor is that it did not lose its structure.
Price is back above its 200 and 50 Da...
2024-07-25 18:47:10 +0000 UTC View Post
The Tech sector is not behaving as strong as the S&P today and is still below its 50 Day MA and does not look set on testing this level from below today, there is still time to do this tomorrow...
2024-07-25 18:13:11 +0000 UTC View Post
This is the 1hr chart, so we can see the details of the intraday movement.
The price flushed down to the 0.5 Fib and just held $0.30c above this level and bounced well with the market,
...
2024-07-25 17:56:28 +0000 UTC View Post
May low line at $141 has now been broken down and the impulse structure is no longer valid, this was highlighted a number of times lately and again twice yesterday.
The 0.618 Fib at $120 is t...
2024-07-25 14:02:45 +0000 UTC View Post
$BMBL showed promise in May after its positive earnings beat and bounced above its 50 Day MA, managed to show some strength but on the 50 Day MA retest, the price could not hold support and it has ...
2024-07-25 12:59:56 +0000 UTC View Post
Up +4% in the PM now
** Stock at its highest level since September 2023
** Reports 1.3% rise in HY profit to 169.3 pence per share, above analyst expectations
** Posts 0.8% fall i...
2024-07-25 12:53:40 +0000 UTC View Post
A very harsh and bad reaction to their earnings report yesterday, it wasn't perfect by any stretch and the market was unforgiving to delays to their Robotaxi project but in essence, the company is ...
2024-07-25 12:41:17 +0000 UTC View Post
OK, Sundays brief on the $SPY has been playing out as we explained so I'm going to add more detail now.
The price action is exactly at the 50 Day MA right now, slightly dipping below it in t...
$IWM was also not immune from the sell off yesterday as stocks or crypto did not rotate into any haven, there was a clear blanket sell off across every sector, market and exchange, nowhere was safe...
2024-07-25 11:55:04 +0000 UTC View Post
$NIO behaving like an outlier in the PM now after Chinese policy makers increased the subsidies for NEV for new and upgrading vehicles.
This is a warm welcome from policy makers and another...
For those members who are unaware of what the $VIX is, here is a brief explanation with the help of Gemini:
The VIX, officially known as the CBOE Volatility Index
2024-07-25 08:15:06 +0000 UTC
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We wanted to see the 200 Day MA hold during the session today and show relative strength against the US market but the 200 Day MA has not held so far and it is still seeking support.
Because ...
2024-07-25 08:01:20 +0000 UTC View Post
Crypto has not been spared from this global sell off this morning, when the 50 Day MA was lost here, the price fell through the support levels and could not hold its 0.5 Fib and 200 Day MA.
...
Stocks, Bonds, Silver, HSI, Crypto and Commodities have all sold off over the last 24hrs.
Some more so than others but the dust has not settled yet.
Silver we were watching lately to s...
$CMG has reported a beat on earnings with an EPS of $0.34 vs $0.32 estimates.
Price managed to hold on its 200 Day MA going into earnings and will likely get a positive bounce continuing into...
2024-07-24 20:28:21 +0000 UTC View Post
$PDD is at a very important confluence level now at the 0.618 Fib and the 200 Day MA.
A hold here and $PDD could move higher to our Wave 3 target at the 1.618 Fib at $193.
The 200 Day M...
2024-07-24 20:24:00 +0000 UTC View Post
The moment I saw the 200 Day MA struggle to hold today at $153, I alerted the group that the decline is likely and if you were not comfortable holding to $120, then you need to assess your position...
2024-07-24 20:20:03 +0000 UTC View Post
Today was not an insignificant day, the $SPY and $QQQ had their worst day combined since October 2022, which was just before the start of the Bull run, this date is important, meaning we have not h...
2024-07-24 20:15:57 +0000 UTC View Post
This is not a good look for $NFLX
Double top at the blue line at $700 and pulled back, it has not lost its 50 Day MA while testing this MA from below now.
200 Day MA is lower at $560, ...
2024-07-24 15:40:32 +0000 UTC View Post
Firm rejection now at the $29.30 level so there are no changes to the chart that we uploaded at the weekend, the white fib levels are the same too.
A pull back to inbetween the 0.5 - 0.618 Fi...
2024-07-24 15:20:28 +0000 UTC View Post
$DELL is deep into its ABC correction now, having lost its 50 Day MA at the start of July.
Price could not hold the 0.38 Fib at $123 and has now sunk down to $118 today.
The Wave C target ...
2024-07-24 15:17:06 +0000 UTC View PostI think this lesson is well overdue and recently it has been highlighted again that position sizing needs to be understood with more clarity.
It is one of the most critical yet often overloo...
$PLTK has only been on the exchange since 2011 so it has not developed a cycle yet and is still searching for a confirmed support, so far we can see that there was a low at $6.21 and there has been...
2024-07-24 12:13:42 +0000 UTC View Post
$ASTS has cut through the First Target, with some resistance but has managed to flip the $12.20 line to support and has been pushing higher.
There are no changes to the chart and it does not ...
2024-07-24 12:06:08 +0000 UTC View Post
Silver has managed to stop its decline below its 0.38 Fib at $28.47 because earnings season has been heating up and Mega Caps have started to report, if they had beaten strong, I suspect Silver wou...
2024-07-24 11:35:12 +0000 UTC View Post
TWEET:
$GOOG went hard in its previous earnings by approving a large share buyback and dividend ...