Like I just said under the $TSLA chart, the 1.618 Fib for Wave 3 is like a magnet, the price can overshoot this level but the price action has a strong habit of drifting back to this level to compl...
2024-12-18 11:01:53 +0000 UTC
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$TSLA has overshot the 1.618 Fib but we know how this Fib level behaves, it is like a magnet, so it is not a surprise to see $TSLA down in the PM now and the price drift back to the 1.618 Fib at $4...
2024-12-18 10:57:08 +0000 UTC
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Strong bounce at the open yesterday and this pushed the price up to $33 before the market fade but like I said in yesterdays commentary, I just want to see the 50 MA flip to support and hold above ...
2024-12-18 10:53:28 +0000 UTC
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$NVDA has respected the Fib support levels since September so there was no reason to doubt the test of the 0.5 Fib yesterday at $127, worst case scenario was a flush down to the 0.618 Fib at $120.<...
2024-12-18 10:49:36 +0000 UTC
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$UPS is looking like a Value play here shortly
$URBN has also hit the First Target this week too and continues to look comfortable in this Wave 3.
Golden Cross should happen this week too and this further confirms the bullish trend.
2024-12-17 20:23:26 +0000 UTC
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First target have now been hit!
A break and hold above $16 is what the bulls want to see next and then this can move up to the Second Target at $19, which would be an impressive run since th...
2024-12-17 20:19:04 +0000 UTC
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$UNH continues to drop hard after the assassination of their former CEO
Analysts have said that its drop has been so severe that it is effectively the Dow Jones Industrial Average now
W...
2024-12-17 20:12:12 +0000 UTC
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I am watching this 3 wave pull back now in between the smaller 0.5 - 0.618 Fib levels right now after completing a 5 wave move up to $0.048
A lower low is in now and the 3 waves is clear so I...
2024-12-17 16:00:50 +0000 UTC
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The Dow Jones Industrial Average, the benchmark of the US market since inception in 1896 is looking like it is on limited time now above the 2.618 Fib, we can see that this was the limit for the Cy...
2024-12-17 15:32:31 +0000 UTC
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Yesterday we got a test of the 0.78 Fib at $78 followed by a rejection and now the price is holding below the 0.5 Fib, so we have a lower high in now, a lower low next below $68 would confirm the t...
2024-12-17 14:50:53 +0000 UTC
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Moving in Wave 5 now and is retesting the blue support line this week
A pull back to the 200 Day MA at the 0.5 Fib at $58 - $59 would be no issue but I would need to see this hold above the 2...
2024-12-17 14:06:28 +0000 UTC
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$EWZ is at a very interesting spot right now as it retests it's bottom support line in this triangle at $23
Losing this level and the price can drop down to the red line, which is the 2016 lo...
2024-12-17 13:35:16 +0000 UTC
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$RLX like $AAL are both giving us a nice pull back now to test their breakout levels.
The 200 Day MA is sitting right at the breakout level here at $1.81 so this is the level of interest for ...
2024-12-17 13:25:22 +0000 UTC
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We now have a lower low now in the PM, price is below the green ATH line, below the 50 Day MA and dropped down out of this triangle.
3 bearish indicators right now.....while the rest of the M...
2024-12-17 13:21:41 +0000 UTC
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$TLT is still above its 0.618 Fib at $89 and still not taking any direction until we see what happens with the US 10YR at the top trend line....which will likely be decided by the FED this week
...
2024-12-17 13:16:51 +0000 UTC
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HSI continues to hold above the 0.618 Fib at 19.038 in white but i'd like to see a higher low from this current small pull back, otherwise we could be looking at another test of the white 0.618 Fib...
2024-12-17 12:47:39 +0000 UTC
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Highest Dividend Yields in the S&P 500 right now:
$WBA: Dividend Yield: 13.6%
$MO: Divid...
2024-12-17 12:38:58 +0000 UTC
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$PFE is up in the PM now after they reaffirms its Full Year 2024 Guidance and offers 2025 guidance and revenue outlook:
'Pfizer 2024-12-17 12:31:10 +0000 UTC
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Yesterday we were looking for a hold of the 0.38 Fib support level at $28.57 for support, this was the 3rd time this level was tested since the 11th of December.
Price dropped -4% at the open...
2024-12-17 12:25:39 +0000 UTC
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Back on the move again after holding support above the 0.5 Fib at $34.
Price is still in our trajectory that has been in place now for 18 months, guiding down to the Wave X point and now back...
2024-12-16 20:33:38 +0000 UTC
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$AVGO is behaving in the very definition of Melting Up now!
Bursting through the ascending triangle at $186 post earnings and hit $247 today and adding another $100 Billion onto its Market C...
2024-12-16 18:07:30 +0000 UTC
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In terms of fundamentals, $MTCH is quite attractive and considered undervalued, it is also a sector leader
They also pay a modest dividend too of 2.4%
There is a possible Cup formation ...
2024-12-16 18:03:25 +0000 UTC
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Is starting this week with a bang!
Multiple pushes higher over the last 24hrs and right at the top of the channel limit at $107k
I believe $109k will still be hit by EOY and looking co...
2024-12-16 17:32:55 +0000 UTC
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I post a lot about Silver because I have a heavy position but Gold has been a great Safe Haven over the last 2 years, as the market presented some worrying signals and many investors added this to ...
2024-12-16 17:13:06 +0000 UTC
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Strong bounce on the 0.618 Fib today which is exactly what holders want to see and up +8% now
We know where the big test is next, getting above the 200 Day MA at the yellow support/resistance...
2024-12-16 15:58:11 +0000 UTC
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Retest of the yellow support line today and has so far bounced +4.5%
We want to start seeing the higher levels recaptured now
With the 0.38 Fib next at $4.36 which will also align with...
2024-12-16 15:54:29 +0000 UTC
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$PLTR showing that it has hit resistance and rejecting at the 0.78 Fib today after a pump at the open followed by a dump to -6% now.
Likely a buy the rumour sell the news event after been add...
2024-12-16 15:25:59 +0000 UTC
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I would not be surprised in the slightest to see a +10% move coming here shortly over the next few sessions and continue running to our 1.618 Fib at $36.95
Indicators are showing a clear tren...
2024-12-16 15:06:57 +0000 UTC
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Very nice response again today on the 0.38 Fib, tested it perfectly and bounce from -4% to +2% now but we are still very early into this trading day and week.
FDA shortage decision will be ma...
2024-12-16 15:01:27 +0000 UTC
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