The battleground area is clearly now at the blue line at $25.41, the 0.618 Fib and the 50 Day MA, there was a large flush down to just below the blue line yesterday but somehow the bulls managed to...
2024-12-31 11:11:00 +0000 UTC
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$SPOT is a company that I will be watching closely in 2025 to add once it completes its ABC correction.
I really admire their Moat, their CEO and their Value.
Price is in the Wave 5 ran...
2024-12-30 23:25:01 +0000 UTC
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Healthcare sector is under pressure right now but I believe this could be an opportunity shortly
A combinations of two things, the assassination of the $UNH CEO and the RFK JR effect have sen...
2024-12-30 23:08:29 +0000 UTC
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Price action has been drifting over to the breakout level now and we can see that the breakout level and the 200 Day MA will likely align at €8.80
A breakout and hold above this level and ...
2024-12-30 17:27:24 +0000 UTC
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$KO is dropping down into the sweet spot now
This is the weekly chart above and the 200 WMA is at $60 right now and just slightly above the 0.618 Fib and the red support/resistance line.
<...
2024-12-30 17:14:26 +0000 UTC
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Tested the 0.5 Fib again today at our Wave 4 level, we can see that the 200 Day MA is just slightly below and above the 0.618 Fib so a test of this MA cannot be ruled out, for me I don't see a brea...
2024-12-30 17:06:18 +0000 UTC
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$EL has been one of the worst performing stocks for 2024 and continues to search for support.
We can see that the descending channel has been a strict resistance and has not allowed the price...
2024-12-30 16:41:04 +0000 UTC
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$ASTS has come down to retest the 0.5 Fib again $20.50 again after holding support since October
We can see that the blue resistance level at $25.45 has been a difficult level for the bulls a...
2024-12-30 16:34:59 +0000 UTC
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$SOFI has not rejected yet but the set up now is a small head and shoulders pattern and this usually signals that a top is in or shortly in.
We still haven't hit the 1.618 Fib but the US 10 Y...
2024-12-30 16:29:46 +0000 UTC
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$TLT is hurting, it is inversely proportional to the US 10 YEAR, the FED is sacrificing Bonds right now because clearly it sees this as the least damaging direction at the moment....but I believe t...
2024-12-30 14:07:52 +0000 UTC
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This set up concerns me so much that I am considering reducing my position again by -20% to just 20% of my original position.
All indications are point to me that this is in a vulnerable posi...
2024-12-30 13:56:50 +0000 UTC
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Continues to mimic $BTC and it too is holding below its 50 Day MA right now and just slightly below the 0.5 White Fib, I would not consider this a rejection but it is something that holders should ...
2024-12-30 13:54:03 +0000 UTC
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PM is showing a lot of red this morning but as we know, always take the PM with a pinch of salt, it is not a clear reflection of how the market will proceed for the day.
Support and resistan...
2024-12-30 13:47:27 +0000 UTC
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As far as ideal set ups go $JASMY is looking very good....but it needs to hold now, the current price level needs to hold here and the set up is there.
The price is just sitting on the 50 Da...
2024-12-30 10:59:15 +0000 UTC
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The market pull back on Friday was strong and halted $HIMS momentum, so we want to see Subwave 2 of this final Wave 5 completing next.
We can see that a retest of the 50 Day MA is likely next...
2024-12-30 10:53:30 +0000 UTC
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$ETH is still holding above its White 0.38 Fib after bouncing on the 0.5 Fib
It is also holding above its green 0.618 Fib from the smaller pull back.
The concern here is still that the ...
2024-12-30 10:33:19 +0000 UTC
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Very nice set up and a positive start to the PM now.
I already have a position here since adding at the start of the month after breaking out of the larger wedge, so a hold now above $2.11 an...
2024-12-30 10:29:23 +0000 UTC
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The upcoming week, December 30, 2024, to January 5, 2025, features several significant economic events and data releases, despite the holiday-shortened schedule. Here's an overview of key dates and...
2024-12-29 20:05:25 +0000 UTC
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In spite of the rollercoaster 2 weeks for the market, the charts have not changed and it makes my job very easy, as very little is needed to update and I can focus more on preparing us for 2025 and...
2024-12-29 19:47:09 +0000 UTC
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It was a bumpy week but the price action is not looking concerning on the chart (in the immediate short term) price retested the rising wedge bottom line on Friday and bounced.
Price hit $517...
2024-12-29 19:36:21 +0000 UTC
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$V's strength is in a world of its own right now and looks very solid and locked into a strong trend of making higher highs and higher lows and not needing any moving average is assist it as it mov...
2024-12-29 19:22:40 +0000 UTC
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Firm rejection at the 1.618 Fib on Friday again which is good to see because we do not have a 3 wave pull back for this Wave 4 yet.
We want to see a lower low and break below the $414 level a...
2024-12-29 19:18:47 +0000 UTC
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I am of course very happy to see this bending down this week and showing some weakness
Big tests coming up next at the 50 Day MA at $100 and rising wedge top line
Losing this level shou...
2024-12-29 19:16:01 +0000 UTC
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I continue to like what I see here with a strong resistance and now a rejection at the 200 WMA, which is also our Wave 5 target.
I expect the price action to move down to our Buy Zone over th...
2024-12-29 19:13:14 +0000 UTC
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We are just waiting for the 50 Day MA to be lost now to trigger more selling and push the price down to our Wave A target at the 0.38 Fib at $77.
Losing the 50 Day MA and rejecting and I wil...
2024-12-29 19:10:52 +0000 UTC
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A very clear rejection now at our Wave B level at the amber 0.78 Fib at $450 and the price dropped right down in between the 50 and 200 Day MA this week but held.
$GOOG was in this position l...
2024-12-29 19:02:18 +0000 UTC
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$GOOG aligned with $AMZN on Friday and managed to hold above its respective support level at $193.
It is also looking a lot stronger now compared to $MSFT too.
$GOOG could very easily a...
2024-12-29 18:58:29 +0000 UTC
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I would expect $DIS to continue moving down, the set up is not looking bullish here nor has the 50 Day MA been tested yet.
I really like the price action since the blue line at $84, so I expe...
2024-12-29 18:55:56 +0000 UTC
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Bulls are slipping here slightly, the Market Sell off on Friday has spooked the markets and crypto so it was unlikely we would see a rally over the weekend because we don't know what way the market...
2024-12-29 18:54:01 +0000 UTC
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The bulls know the significance of holding above the 200 Day MA and have been doing a relatively good job of it since the middle of November, the HSI chart remains strong so this will relieve the p...
2024-12-29 18:50:41 +0000 UTC
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