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Small Caps in for a run in 2024? Memories of 2021!?
"History"
- COVID 2020 gave rise to easy money leading to the hurrah in 2021 where IWM (Russell 2000) was rampant! - You can see it had been in that same range entire of 2021!
- With the start of 2022 rate hikes, easy money went away and we saw the wyckoff distribution play out to the lower range ==> And we have been in that lower accumulation range for 2 YEARS! and now look to challenge the u...
"History"
- COVID 2020 gave rise to easy money leading to the hurrah in 2021 where IWM (Russell 2000) was rampant! - You can see it had been in that same range entire of 2021!
- With the start of 2022 rate hikes, easy money went away and we saw the wyckoff distribution play out to the lower range ==> And we have been in that lower accumulation range for 2 YEARS! and now look to challenge the u...
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A coalition of three hedge fund associations, including The Managed Funds Association, the Alternative Investment Management Association, and the National Association of Private Fund Managers, has filed a lawsuit against the Securities and Exchange Commission (SEC) challenging two new short-selling rules implemented in October. They argue that the rules are "arbitrary and capricious," conflicting, and violate the Administra...
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AAPL - Price action validated previous analysis target 165; So where next?
Validated price action
- Price action shared on 21 Oct played out to 165 as targeted
- MA5 now below MA20
- 165 is exactly the Fibonacci 61.8 retracement for the recent AAPL run
- So 165 must hold
If 165 does not hold
- I have a big interest in AAPL between 155 to 145
- Especially 145 as it was the last breakout back on 2 Mar 2023
Break of 165, s...
Validated price action
- Price action shared on 21 Oct played out to 165 as targeted
- MA5 now below MA20
- 165 is exactly the Fibonacci 61.8 retracement for the recent AAPL run
- So 165 must hold
If 165 does not hold
- I have a big interest in AAPL between 155 to 145
- Especially 145 as it was the last breakout back on 2 Mar 2023
Break of 165, s...
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TSLA trying to find support around 209; 160 looming!
Reference all previous TSLA article sharing and what has transpired
- Earnings has broken down from triangle on 18 Oct
- Shared before ==> cannot stay above 255, means downside ==> played out
- Shared before ==> 240 to 232 is a key support range ==> Market makers tactically gapped over it to overcome the support
- Now at MA200 support which is around the 209 region
- MA5 below MA20 and MA5 n...
Reference all previous TSLA article sharing and what has transpired
- Earnings has broken down from triangle on 18 Oct
- Shared before ==> cannot stay above 255, means downside ==> played out
- Shared before ==> 240 to 232 is a key support range ==> Market makers tactically gapped over it to overcome the support
- Now at MA200 support which is around the 209 region
- MA5 below MA20 and MA5 n...
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Weekly Charts to give us a view into where the market is where it might go
What does SPX Weekly Chart show us?
- We could be in the handle formation of a cup
- The handle can pull back to the confluence of support between 4150 and 4200
- The current cup could still go up to fully form at the previous high of 4815
- Extreme bearish from a break down of the bear flag from all time high, towards 3200.
My Take
- Whilst macro wis...
What does SPX Weekly Chart show us?
- We could be in the handle formation of a cup
- The handle can pull back to the confluence of support between 4150 and 4200
- The current cup could still go up to fully form at the previous high of 4815
- Extreme bearish from a break down of the bear flag from all time high, towards 3200.
My Take
- Whilst macro wis...
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Daily Chart
- What an incredible setup!
- Triangle formation
- All MA lines are compressed in the middle
- Price action is right now around MA20
- Bollinger Bands are contracted and both pointing inwards
==> All points to a super explosive move (up or down) pre-post-earnings!
Where can it go?
- Upper near term limit is 270 (Upper bollinger band, but if it breaks up, BB will point upwards and move accordingly to p...
- What an incredible setup!
- Triangle formation
- All MA lines are compressed in the middle
- Price action is right now around MA20
- Bollinger Bands are contracted and both pointing inwards
==> All points to a super explosive move (up or down) pre-post-earnings!
Where can it go?
- Upper near term limit is 270 (Upper bollinger band, but if it breaks up, BB will point upwards and move accordingly to p...
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- Reached previously shared possible support at 28
- RSI severely oversold (previous only time was early 2022)
- Pre-earnings coming up next week
- 30mins chart finally saw a good double bottom formed
- In line with overall market firming up
Time to sell puts.
@BeBlessed @Deposit @icezzz @Jamesbond86 @KC Yap @克里斯托弗陈 @Mohamad Ghadafi @meruson @奇宝 @SiokJS @Tadamaen @圖畫裡龍不吟萀不嘯 @10-10 @71623800 @102987758 @102402910 @102390299 @101815910 @101688622
- RSI severely oversold (previous only time was early 2022)
- Pre-earnings coming up next week
- 30mins chart finally saw a good double bottom formed
- In line with overall market firming up
Time to sell puts.
@BeBlessed @Deposit @icezzz @Jamesbond86 @KC Yap @克里斯托弗陈 @Mohamad Ghadafi @meruson @奇宝 @SiokJS @Tadamaen @圖畫裡龍不吟萀不嘯 @10-10 @71623800 @102987758 @102402910 @102390299 @101815910 @101688622