TechnicalHunter
TechnicalHunter
Focus on stocks, SPX, IXIC, DJI, IWM, ETFs movements!
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Caution on the $.SPX(.SPX)$ - Every rejection from the higher Bollinger band has sent price down to the lower one, or to the 20DMA.
@SmartReversals:$SPX - Will the bounce come at the 20DMA?
Thanks for the note of $138 is the line in the sand to avoid a visit to the lower band for $NVIDIA Corp(NVDA)$ .
@SmartReversals:$NVDA - Potential Bullish Reversal Candle

Strong Pullback for Better Entries:BTC, MSTR, MARA, COIN

Strong pullback over the last couple sessions, but this was due for some short term mean reversion. Below are some of my observations.Current $Bitcoin(BTC.USD.CC)$ setup I'm watching on the 2 hr chart today, currently sitting just under this downtrend resistanceMichael Saylor tells CNBC $MicroStrategy(MSTR)$ may raise $42 billion to buy #Bitcoin "much before" their original plan of 2-3 years $Marathon Digital Holdings Inc(MARA)$ also have confidence of holding $Grayscale Bitcoin Mini Trust(BTC)$ Image$Coinbase Global, Inc.(COIN)$ this is shaping up to be a beautiful retest
Strong Pullback for Better Entries:BTC, MSTR, MARA, COIN

$NIO is a Serious Technical Breakout

$NIO Inc.(NIO)$ day chart:@ACInvestorBlog$NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $1X NIO(NIO.UK)$ weekly candle is now above the weekly MA30 which is something that stage analysis suggest determine if the stock is in a uptrend or not. If you look at the price action since 60$ you can see that the price has failed to stay above it. And the weekly RSI is right at 50, it has failed to break and stay above it since 2021 (unless the july rally last year) @Eagleinvestor_Can it break above it going forward?
$NIO is a Serious Technical Breakout

September bearish fears spread:Buy VIX, Sell SPY

On Tuesday, $Cboe Volatility Index(VIX)$ rose over 38%, with $W&T Offshore(WTI)$ dropped below $70 per barron for the first time since January and is now down 2% on the year.“$WTI continues to drop amid global demand weakness and particularly, continued worries about Chinese growth. On the supply side, the current shutdowns in Libya may be resolved soon and OPEC+ sources have touted production increases in October. Bounces may run into trouble around the broken $72/73 zone. “—@forexanalytix from X platformThe negative line of the $S&P 500(.SPX)$ on the first trading day of September does send a pessimistic signal. The Market wiped out $1 TRILLION
September bearish fears spread:Buy VIX, Sell SPY

$S&P 500(.SPX)$ Wants to trade $5800. Place your bets?

$S&P 500(.SPX)$ Wants to trade $5800. Place your bets. Bull flag breakout on Friday, lets see if we can get a continuation this week. ImageDont have to look too far to see price puts a bottom, then rally's up. Post that rally its normal to see a sideways consolidation and higher low being put- We got that last two weeks . Two things I dont do: 1. Spread unnecessary fear for likes. 2. Over look what I see on the chart. Going to be spending less time here. Summer is almost over and need to enjoy it while I can. Will try and continue with timely posts on Indices and Stocks. Its been a fantastic year already. Caught many cycle tops and bottoms over last few years with you all. Remember rest is also needed in this or any business.
$S&P 500(.SPX)$ Wants to trade $5800. Place your bets?

Watch Dow Jones Industrial Average Rejection At Resistance

$DJIA(.DJI)$ hits record high on Monday,Since returning from holidays it has been a straight forward series of gains for markets. Monday's action had suggested a potential breakout, but it got pegged back by the close with the Dow finishing on an inverse hammer at resistance. Some Dow components hit new highs, for example: $Coca-Cola(KO)$, $UnitedHealth(UNH)$, $Wal-Mart(WMT)$, $JPMorgan Chase(JPM)$, and some stocks like $American Express(AXP)$ , $Procter & Gamble(PG)$ ,
Watch Dow Jones Industrial Average Rejection At Resistance

S&P 500: Bulls Remain Intact After Much-Needed Dip

The $S&P 500(.SPX)$ made a nice August slowdown based on the seasonality chart, but we warned about a huge green weekly candle away from the base channel resistance line that acted as a support back on August 12.SPX Weekly Chart From August 12A week later, we got another huge green weekly candlestick, which indicates that bulls are strong, so $stocks will most likely stay in the uptrend in current risk-on sentiment. How long until the $S&P 500(.SPX)$ hits new all-time highs?SPX Weekly Chart From August 19Looking at the 4-hour chart from the Elliott wave perspective, we can also see a sharp three-wave A-B-C decline, suggesting a correction within the uptrend.The reason why bulls can be back in the
S&P 500: Bulls Remain Intact After Much-Needed Dip

VIX SPIKE! Look at All Risk Indicators to Get the Full Picture!

According to the $Cboe Volatility Index(VIX)$ , the worst market events of our lives were the 2008 financial crisis, COVID, and the Bank of Japan raising interest rates by a quarter percentage point.The $VIX spiked above 65 this week.This spike indicates market fear and uncertainty. However, it quickly settled back below 40. Look at all risk indicators to get the full picture!After $Cboe Volatility Index(VIX)$ spike to 45+, then crosses below 30 like yesterday, has always proven a buying opportunity since 1990. Can there be more downside before the uptrend is renewed; yes! Nonetheless, you've ALWAYS been rewarded for buying this signal $S&P 500(.SPX)$
VIX SPIKE! Look at All Risk Indicators to Get the Full Picture!

Patience! Take a FREE Look at

Here’s a chart of the S&P 500 index from 1980 through today. Never let short-term fear control long-term decisions. Just shut up and wait:Image
Patience! Take a FREE Look at

Today looks like an absolute bloodbath

Today looks like an absolute bloodbath with $SPDR S&P 500 ETF Trust(SPY)$ down -2.9%, $Invesco QQQ(QQQ)$ down -4.5%, $iShares Russell 2000 ETF(IWM)$ down -5.3%, $ARK Innovation ETF(ARKK)$ down -7.8% This looks like March 2020 or what I was expecting if China invaded Taiwan. I'm surprised we're seeing this much selling because the FOMC didn't cut last week, because recession fears have increased, because $Berkshire Hathaway(BRK.A)$ sold some $Apple(AAPL)$ , because $NVIDIA Corp(NVDA)$ is delay
Today looks like an absolute bloodbath

$TLT &TMF Probably Room for More this Round

Flight to safety trade is on today. $iShares 20+ Year Treasury Bond ETF(TLT)$ is becoming a safe haven. $Cboe Volatility Index(VIX)$ suppression is falling apart.A bet for $iShares 20+ Year Treasury Bond ETF(TLT)$ Image $iShares 20+ Year Treasury Bond ETF(TLT)$ up 5.22% so far this week if that can hold into the close would be largest weekly gain since March of 2020, the week the pandemic started to get priced-in. @JStanleyFX@JStanleyFX $iShares 20+ Year Treasury Bond ETF(TLT)$ - The next 4 year cycle high is due in 2024. The last three 4 year cycle highs occurred in July. This one
$TLT &TMF Probably Room for More this Round
Jeff Hirsch @AlmanacTrader had his monthly online video report today to go over what's in store for August. The below screen outlines his key take-aways, which I hope he doesn't mind me sharing. #Bitcoin is due for it's rally this Sept, but not until a local low. Thanks Sir.Image $S&P 500(.SPX)$ down 10 of last 13 on August’s first trading day. NASDAQ has the best record over the last 21 years, up 52.4% of the time, though average gain just 0.10%.Image

TSLA Expecting the move to $240 and rejection once again to test $200

$Tesla Motors(TSLA)$ bull flag is playing out to perfection. Expecting the move to $240 and rejection once again to test $200. @pdicarlotrader
TSLA Expecting the move to $240 and rejection once again to test $200

Important Level for $SPX & $VIX, Not that Pessimistic?!

$S&P 500(.SPX)$ Heisenberg's Chart Update: What a day today huh?! First 2% drop close in god knows how long. Anyhow, we look forward bretherns! I can see a small mini reprieve bounce near term here. And then we trek further lower to fill that 5,375 gap fill, causing the Daily RSI to hit oversold conditions similarly to April's 5% correction. Heisenberg on XSeth Golden: VIX has signaled a RISK-OFF event when 10-Day ROC crosses 40. Historically, this has proven a $S&P 500(.SPX)$ BUY signal with forward 3 and 6-month positivity rates 84% and 91% respectively. If you have 3-6 months and cash...Seth Golden on X @TRIGGER TRADES : Watch for the 5467-
Important Level for $SPX & $VIX, Not that Pessimistic?!

Add QQQ when prices retrace to support levels: $476, $469 and $452

The $NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ ($QQQ) had its biggest one day drop since 2022. Investors have been asking me why the sudden drop? What has changed in the last 24 hours? Two main reasons. Markets move in waves. After a wave up, there is always a wave down. After an extended wave up, the $QQQ was due for a wave down. Seasonality. Look at the second chart below. During Election years (since 1950), the market historically falls on the 3rd week of July. This was a textbook pattern The mainstream news will come up with all kinds of bullshit reasons to justify the drop ... comments from trump, geopolitical concerns blah blah blah The reality is that in the short-term, market prices are all manipulated by
Add QQQ when prices retrace to support levels: $476, $469 and $452

How will Mag7 compare going into this week?

Let’s read the weekly charts of Mag 7 together: $Apple(AAPL)$ : Still bullish chart $Meta Platforms, Inc.(META)$ : Bearish engulfing candle on heavier volume $Amazon.com(AMZN)$ : Bearish Harami candle on heavier volume $Alphabet(GOOG)$ : Bearish Harami candle on heavier volume $Microsoft(MSFT)$ : Bearish Harami candle on heavier volume $NVIDIA Corp(NVDA)$ : Bearish Shooting star candle (green) $Tesla Motors(TSLA)$ : Neutral doji after big bullish engulfing candle Solid flows into
How will Mag7 compare going into this week?

Is $RIVN to break it's nearly three-year long downtrend?

$Rivian Automotive, Inc.(RIVN)$ is trying to close back above its 200D SMA for first time since January.Expecting $Rivian Automotive, Inc.(RIVN)$ could run up again to retest $16.35s area here and potentially run to $20 in July
Is $RIVN to break it's nearly three-year long downtrend?
Initial target of the H&S bottom in $Tesla Motors(TSLA)$ is within reach at 262 My reaction to concerns by others that the P/E in Tesla is so high? Yawn!!!!!——@PeterLBrandt@PeterLBrandt $Tesla Motors(TSLA)$ is forming a massive diamond that reminds me of the diamond in $COST Costco. Will the outcome in Tesla be the same? Me says "Yes"@PeterLBrandt

Roaring Kitty files a SEC 13G for CHWY: Sell Call or Put on High IV?

BREAKING: Keith Gill aka Roaring Kitty aka DeepFuckingValue of $GameStop(GME)$ GameStop fame files a SEC 13G for $Chewy, Inc.(CHWY)$ , Chewy for 9,001,000 shares, or 6.6% of the company. He identifies in the SEC filing as “not a cat”.From the options chain, we can the Implied volatility is over 100%, seems high for both side.A good time to Sell call or Sell put to earn premiums?
Roaring Kitty files a SEC 13G for CHWY: Sell Call or Put on High IV?

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