Hello everyone! Today I want to share some technical analysis with you!The Opening GAP: $S&P 500(.SPX)$ (1) In all likelihood, today's opening gap won't last longer than Tuesday's close--even with the most bullish setup, this gap is hard to be counted as a W[3]. (2) that said, today's strong move does have consequences to mid- to long-term wave picture.Follow me to learn more about analysis!!https://twitter.com/MasterPandaWu

Hello everyone! Today I want to share some technical analysis with you!1.Aircraft Carrier Battle Group: $NaaS Technology Inc.(NAAS)$ (1) with 10 billion US$ revenue of 2023 for NewLINK (the parent holding company of NaaS), IT IS the carrier battle group, whereas NaaS is only a key battleship. (2) well, the new year of 2024 may see the entire battle group joins NAAS. Stay tuned.ImageImage2.4760 zone: $S&P 500(.SPX)$ (1) as you can see from the 5-min chart, the current 4760 zone is very important for the short-term pattern. (2) I think it will hold for today and the opening gap would get refilled in the end. (3) certainly, if broken, then the red bar would/should be very long.Image3.Trendline Broken:

Hello everyone! Today I want to share some technical analysis with you!1.Another attempt to get to 4660 zone is under way--this time, if SPX gets to 4650-4640 in an impulsive move, that low would be a tradable bottom for a rebound higher--FOR SUBS: you know what to do--the gap-down & go is my primary count (check the 5-min chart for references). $S&P 500(.SPX)$ Image2.Rebound back from the low: $S&P 500(.SPX)$ (1) it is not common that two previous lows in the future will NOT be visited by the cash market. (2) so far, SPX futures got to 4663 on Friday pre-market & 4677 today pre-market--the cash low is still 4682. (3) would be better to revisit them in cashImage3.4704 conquered & 4742

Hello everyone! Today I want to share some technical analysis with u! 1.Back-to-back Gap Down: $S&P 500(.SPX)$ (1) how serious are these two unfilled gaps? Very. Simply put, the bullish trend is over. (2) now, 4720 serves as a small support zone to uphold the market for a while, before a move to sub-4700. (3) the length & duration of this first leg means a lot.2.The low is 4704, so far--after lost the 4720 support level. Bulls have to regain 4720 by the close, otherwise, the next target is 4660 zone. So long, bulls--MPW's vacation is over and THE bears are back!!!!!!!!!Next Target=4660: (1) bulls failed to regain 4720 by the close--they tried, and got to as high as 4729, but couldn't hold on to it. (2) the next available support zone is th

Hello everyone! Today I want to share some technical analysis with you!1.Check the Time: $S&P 500(.SPX)$ (1) not sure what happened after my Killing the Cow meme--ES turns from Green to Deep Red in 2 hours; (2) it is your fault if you still hold LONG positions--you will learn this lesson the hard way and hope you can survive the upcoming carnage; (3) for bears, the first shot may have fired last Friday--as I wrote in my 100th newsletter posted on Dec. 30th 2023: "I am ready to accept the fact that the market had already topped on the last trading day of 2023;" (4) also, the first sentence of my last issue of 2023 Bamboo Scroll started with this sentence, "Not sure how those buyers at this level can justify their suicidal behavior, but I think

Hello everyone! Today I want to share some technical analysis with you!1. $NaaS Technology Inc.(NAAS)$ Explanatory Note: (1) 5-days ago, when NaaS posted its incentive plan to expand shares, the market reacted negatively. (2) it is apparent that shareholders got confused by the Class A share vs. ADS shares. (3) the increase is only 3% of total shares, given the 10:1 ratio.Image2. $DJIA(.DJI)$ Just get back home and will fly to Asia tmrw morning--in time for a small short position here at 4783. Nothing biggie, as there is still some room for price & time to extend--just play for a quick & shallow 1-2% decline, then higher again. Stop loss at 4790.Image3.Nose-bleeding Greedy:

Hello everyone! Today I want to share some technical analysis with you!1.The Freight Train is still charging forward: $S&P 500(.SPX)$ (1) I was wrong about the correction--still humming and churning. (2) stopped out my short with loss--will control my itch of getting in, until the final target & turn date. (3) notice that UVXY is rising too. Interesting.Image2.NDQ ATH at 16800: $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ (1) for those who haven't noticed, NDQ--Nasdaq 100 just made an ATH td. (2) quite a round-trip journey, taking exactly 2 years--you may call this Double-Top, or else. (3) for EWT, the bearish count from Nov. 2021 is officially dead. DJI did this a

Hello everyone! Today I want to share some technical analysis with you!1.4739: $S&P 500(.SPX)$(1) after a gap-up, SPX hit the strong resistance zone of 4740--actually, the top so far is 4739(2) however, this current wave and consolidation is only the first of a series of unwinding w-4s, w-5s;(3) timewise, check my previous tweet for reference.Image2.AAII Majority 50%+ Bullish:(1) very very close--but I think it still needs a couple of weeks.(2) check whenever the majority of traders/investors chose a direction, what happened next--often in the same week, most within 2 weeks.(3) Feel itchy, but will HOLD & wait....ImageImageFollow me to learn more about analysis!!

Hello everyone! Today i want to share some technical analysis with you!1.No, I am a perma-monkey, jumping up & down with the market. I wish my pattern pan out in the near term, as the melt-up pattern is the MOST BEARISH setup you can ask for, esp. for option trading. Catch one of this, you can be done for the year. Check what happened after MELT-UP. $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ Image3.Yeeeeeesssssss! I was right--a spike of 30+ points to close the gap. Hope your calls make some money. Now, be careful for the Powell Presser and reversal. -- Still think it is best for SPX to iron out this 4660 zone for a bit longer. If not, then explosive higher.Image3.See the arrow & where w

Hello everyone! Today i want to share some technical analysis with you!1.VIX=10.16 : $Cboe Volatility Index(VIX)$ (1) On Nov. 29, in MPW's mid-week update, I made such a bold prediction, that VIX would drop to 10.20 zone in the upcoming market melt-up. (2) at this moment, VIX is testing 12-level; if my theory is correct, it will break 11-level and get to 10-handle eventually.Image2.DJI near ATH: $DJIA(.DJI)$ (1) After a breath-taking vertical move of 13%, DJI comes 1% away from the ATH at 36952. (2) from 28660 bottom on Oct. 13th 2022, DJI formed a large zigzag, with a flat w-b in the middle. (3) it is only matter of time before DJI sets a new ATH. SPX may follow suit.Image3.11.87--VIX is free-falling--it