$SPDR Gold ETF (GLD.US)$ $iShares Silver Trust (SLV.US)$ Precious metals appear to be signaling that DXY is heading back up.
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$Bitcoin (BTC.CC)$
BTC broke below the rising wedge support line and retested the resistance line of the previous, ascending channel around 92k, seemingly confirming it as support. It looks to be going for a retest of the rising wedge support, around 100k. If it can break back above, we may see BTC head back up to ~115k-125k, but the TA indicates it is on borrowed time. If/when this multi-month bearish rising wedge finally breaks down, it is targeting no less than a roughly 42k drop.
If it makes...
BTC broke below the rising wedge support line and retested the resistance line of the previous, ascending channel around 92k, seemingly confirming it as support. It looks to be going for a retest of the rising wedge support, around 100k. If it can break back above, we may see BTC head back up to ~115k-125k, but the TA indicates it is on borrowed time. If/when this multi-month bearish rising wedge finally breaks down, it is targeting no less than a roughly 42k drop.
If it makes...
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$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ Interesting take on Jevons Paradox. 🤔
"Jevons Paradox Does Not Support a Bullish Thesis for AI Tech Stocks"
"Jevons Paradox Does Not Support a Bullish Thesis for AI Tech Stocks"
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$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ For anyone who missed it. On the 4-hour SPY made a noticeably lower low, whereas QQQ made roughly an equal low. Looks like Big Tech still holding the market up. 🤔
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$Palantir (PLTR.US)$ Let's play a game, it's called "Does it Short?"
Once this bearish rising wedge finally breaks down, it's targeting at least a 13 point impulsive move to the downside. In the meantime, one could probably play the roughly 8-10 point range (narrowing) between support and resistance on the way up.
Not financial advice.
Once this bearish rising wedge finally breaks down, it's targeting at least a 13 point impulsive move to the downside. In the meantime, one could probably play the roughly 8-10 point range (narrowing) between support and resistance on the way up.
Not financial advice.
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$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ If anyone's curious what I'm doing, I am holding a LEAPS QQQ OTM put in case we get a flash crash this year (there are a lot of things that could cause this IMO), but also hedged with a shorter dated SPY call closer to the money.
IF the multi-day symmetrical triangle on QQQ plays out it is targeting no less than a 30 point move. If this bearish rising wedge on DXY plays out we may see the markets pump again.
I covered everything in my weekly...
IF the multi-day symmetrical triangle on QQQ plays out it is targeting no less than a 30 point move. If this bearish rising wedge on DXY plays out we may see the markets pump again.
I covered everything in my weekly...
From YouTube
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$GameStop (GME.US)$ I posted the setup 3 days ago. So far, my little practice trade is looking pretty good. Getting close to the upper resistance line of the descending channel around 27.50. Be careful.
We're so close to pattern completion I set my SL at 26.75 - - will move it up as we approach Res.
We're so close to pattern completion I set my SL at 26.75 - - will move it up as we approach Res.
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