We covered this closely all week so I believe everyone is up to scratch on where we are here with the price action.
Perfect retest of the wedge breakout level and the 0.5 Fib at $23.61 to end...
2024-06-23 18:32:52 +0000 UTC
View Post
$NKE I believe is at a very important junction, it has its earnings this Thursday after the market closes on the 27th and it could be in a good position to move a lot higher if they report a flawle...
2024-06-23 18:29:48 +0000 UTC
View Post
$MSFT like $AAPL was able to break out of a persistent resistance level at $430 over the last week which also bodes well for $AMZN to follow the other Mega Caps to push higher.
Next resistanc...
2024-06-23 18:26:55 +0000 UTC
View Post
Noticeable hold on the 0.78 Fib here since the end of April at $30 but still no follow through but just a consolidation on this line, losing this level and it is likely going to be a harsh drop dow...
2024-06-23 18:05:10 +0000 UTC
View Post
Zero changes to the $GOOG chart since its earnings at the end of April and has stayed in a strict upward trajectory under the trend line since then.
Continues to look strong and not under any...
2024-06-23 18:01:21 +0000 UTC
View Post
$DIS bounced out of the sweet spot between the 0.5 Fib and the 0.618 Fib this week and did not need to test the 200 Day MA before doing so, which would have made this confluence level abundantly ob...
2024-06-23 17:58:42 +0000 UTC
View Post
$COST is having a difficult time at its 2.618 Fib here at $863, I am seeing very little chat about $COST in the groups or comments under charts so I believe the majority are just waiting for this t...
2024-06-23 17:55:40 +0000 UTC
View Post
I have changed the large ABC corrective Fib levels to orange which helps us to identify the pull back support levels for this proposed Primary Wave 2 pull back, with Wave C still showing completing...
2024-06-23 17:19:00 +0000 UTC
View Post
We saw a test of the 0.78 Fib this week at $73 followed by a bounce, this is early signs of support being found but we need more confirmation that this is a solid support level before we can be exc...
2024-06-23 17:14:50 +0000 UTC
View Post
$AMZN has me excited and I added back in this week, returning to 70% of my original position after selling some $HIMS before the large decline.
$AMZN rallied into the close on Friday too whic...
2024-06-23 17:02:48 +0000 UTC
View Post
I remain bullish here and the RSI is backing up our impulse wave count too.
Price continues to hold above the 50 Day MA and the 0.5 Fib too at $161 but I would like to see the blue line flipp...
2024-06-23 16:58:37 +0000 UTC
View Post
$ABNB has been building a strong base above the $145 now and although there hasn't been a large bounce yet off this level, we are seeing a typical series of higher highs and higher lows which is wh...
2024-06-23 16:55:56 +0000 UTC
View Post
Dust has settled after the AI Day and there was some profit taking this week after hitting a high of $220 and finishing the week at $207.
A retest of the breakout level at $200 would be suita...
2024-06-23 16:53:10 +0000 UTC
View Post
I see on X that when people cannot explain why a share price is trending down, they automatically assume it’s being manipulated - you need to move away from this thinking
2024-06-23 11:16:04 +0000 UTC
View Post
I like the confluence level set up here, the price action tested the wedge breakout level and is now pulling back and we can see that the price is sitting on the 50 Day MA and the 0.5 Fib, with the...
2024-06-22 10:59:07 +0000 UTC
View Post
Finished the week with a nice bounce on the 200 Day MA and on the 0.5 Fib which we are seeing a lot lately.
If this continues to hold above this level, this is a very nice set up with Wave 2 ...
2024-06-22 10:49:48 +0000 UTC
View Post
$SOFI is certainly showing weakness but it is in the bear case and now has my attention below $6.40.
It has not found support yet so I have added in potential support levels with the green Fi...
2024-06-22 10:44:16 +0000 UTC
View Post
Another test of the 50 Day MA here this weekend, which makes this the 4th test since the middle of June.
This is also above the 0.5 Fib at $3423 too.
We observed tests like this on the ...
2024-06-22 10:32:02 +0000 UTC
View Post
$TLT which is one of the popular safe havens we upload continues to move very well in an impulse wave.
Comfortably above the 50 and 200 Day MA and resting on the 1 Fib right now and still in ...
2024-06-22 10:28:28 +0000 UTC
View Post
$ONON getting a comfortable pull back now after hitting our Wave 3 target, no changes to the chart here and we have Wave 4 sitting between the 0.38 Fib and the 0.5 Fib and we can see that the 50 Da...
2024-06-21 17:54:16 +0000 UTC
View Post
Noticeable pull back over the last 2 days for $NVDA from $140 to $126 and the price is just holding on the 3.618 Fib now exactly, which is not a coincidence. If the price can not hold at this level...
2024-06-21 17:49:52 +0000 UTC
View Post
The price action is exactly at the 0.5 Fib now on the wedge break out level at $23.60, I would not take any action until support is confirmed and it may not come in today.
Price downgrades a...
2024-06-21 17:44:48 +0000 UTC
View Post
A number of requests have come in for this over the last few days and I can see why
Ascending triangle formed here and the price is just at the breakout level now at $5.11, the price has not ...
2024-06-21 10:45:53 +0000 UTC
View Post
$PLTR has been the model student, broke out of this bullish wedge and now giving us a pull back.
I have added some important Fib levels and we can see nicely how the 0.5 Fib aligns with the w...
2024-06-21 10:34:45 +0000 UTC
View Post
Strong move over the last 2 days for Silver, bounce on the 50 Day MA and 0.5 Fib and poked its head just above the bullish flag at $30.60, so far the price has not held above this level but it is a...
2024-06-21 10:31:14 +0000 UTC
View Post
$FUBO is shortly approaching make or break territory now.
Below $1 is not where any stock on the US exchange wants to be and they'll be notified that they will have 3 months to get their shar...
2024-06-21 10:25:38 +0000 UTC
View Post
$COIN is back down to test its 50 Day MA at $228 after a misleading bounce for Wave B which seemed to have people thinking this would make a new high, Wave B's can do this, which is exactly what th...
2024-06-21 10:21:22 +0000 UTC
View Post
This Robotics and AI ETF remains in a very healthy structure in an impulse wave and has been moving very well since we started charting this about 10 months ago.
Price is above the 50 and 200...
2024-06-21 10:16:07 +0000 UTC
View Post
Working our way nicely down through this pull back in a controlled manner, we can still see some buyers stepping in on any dips and that is likely a DCA strategy so I can't argue with what they are...
2024-06-21 10:10:31 +0000 UTC
View Post
Weakness across the board in the EV sector continues, with $FSR, $PSNY, $FFIE, $NKLA $MULN all in bankrupt or danger territory and at risk of falling off the exchanges. Coupled with the tariffs on ...
2024-06-21 10:05:09 +0000 UTC
View Post