$SPY.US$ For anyone who hasn't been following, the market is very close to the 50% retracement from the initial selloff on 08-01-24 when it broke below the lower support line of the massive rising wedge pattern, which also has confluence with the base line of the Ichimoku Cloud on the 4-hour time frame. That level is ~531. After a strong impulsive move down based off of a PATTERN, the 50% retracement is often where the pattern continues its move.
Best of luck, and God bless!
Best of luck, and God bless!
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$SPY.US$ Let me translate the deputy governor's actions for anyone who doesn't speak the language.
"Despite the fact that our national currency is on a death spiral and we need to intervene to prevent that, the global markets are so intricately intertwined and FRAGILE that a whopping 15 basis point rise in our interest rates was enough to wipe out 6.4 TRILLION dollars in stock evaluations. Now, we're terrified of what more could come if we don't just let our currency tank."
"Despite the fact that our national currency is on a death spiral and we need to intervene to prevent that, the global markets are so intricately intertwined and FRAGILE that a whopping 15 basis point rise in our interest rates was enough to wipe out 6.4 TRILLION dollars in stock evaluations. Now, we're terrified of what more could come if we don't just let our currency tank."
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$SPY.US$ More and more I am learning the importance of hedging. If you have a longer term thesis and are positioned accordingly, but you believe there is going to be a shorter term move against that position, you can simply hedge.
If the market continues moving in your favor, you've only lost a small proportion of your entire account value, whereas if the market DOES move against you that hedge preserves the overall value of your account. Plus, that will provide more dry powde...
If the market continues moving in your favor, you've only lost a small proportion of your entire account value, whereas if the market DOES move against you that hedge preserves the overall value of your account. Plus, that will provide more dry powde...
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$SPY.US$ Dannng. Just finishing up my nightly analysis and realizing that multiple pattern targets and daily gaps for patterns on Mag 7 stocks that I covered were fully met/filled, just as predicted.
However... Once the larger bearish patterns play out what we saw in overnight Sunday and pre-market Monday will look like nothing.
The technicals on AAPL, GOOG, NVDA, and MSFT are all still targeting massive selloffs. Pattern on SPY still targeting ~470.
Once the market really pr...
However... Once the larger bearish patterns play out what we saw in overnight Sunday and pre-market Monday will look like nothing.
The technicals on AAPL, GOOG, NVDA, and MSFT are all still targeting massive selloffs. Pattern on SPY still targeting ~470.
Once the market really pr...
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$SPY.US$ As I have been trying to warn for over a year, this could just be the beginning of a MUCH bigger selloff. The pattern is targeting no less than 470 on SPY.
We're only HALF the way to that target. I called out a key level in my latest video and said if we broke below we would likely get a waterfall event. That is happening!
Best of luck, and God bless!
We're only HALF the way to that target. I called out a key level in my latest video and said if we broke below we would likely get a waterfall event. That is happening!
Best of luck, and God bless!
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$SPY.US$ Thank you SO MUCH to all the cool cats that are supporting my channel and the many new ones that are yet to come. Tonight's video covers overall market analysis, but also goes over how someone could become a MILLIONAIRE by positioning properly during a market crash.
Also, as a "Thank You" for over 100 subscribers AND over 900 views on my last video, I will begin making simple to follow "How To" videos at least once a week in addition to regular videos, covering everyth...
Also, as a "Thank You" for over 100 subscribers AND over 900 views on my last video, I will begin making simple to follow "How To" videos at least once a week in addition to regular videos, covering everyth...
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$SPY.US$ If we break this key level around 5330 on ES we literally might see a waterfall event.
I've been trying to warn of this for weeks!
I've been trying to warn of this for weeks!
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$SPY.US$
These two are huge. Expectations for higher for longer for the euro. And I'm guessing Japan realized they couldn't keep this currency intervention up for long so they took the other approach. Strong euro and yen = weaker dollar = almost a $10 gap up on SPY!
These two are huge. Expectations for higher for longer for the euro. And I'm guessing Japan realized they couldn't keep this currency intervention up for long so they took the other approach. Strong euro and yen = weaker dollar = almost a $10 gap up on SPY!
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$SPY.US$
The falling wedge on the ADD that I pointed out last night in my video played out as expected. If we move the pattern target of the symmetrical triangle down to where price double-bottomed overnight, guess where it is targeting now? It was targeting EXACTLY where price hit HOD, and still below the main previous support line of the massive rising wedge pattern. Granted, we have broken out of the descending channel, which is a bullish sign, but bulls aren't out of the wo...
The falling wedge on the ADD that I pointed out last night in my video played out as expected. If we move the pattern target of the symmetrical triangle down to where price double-bottomed overnight, guess where it is targeting now? It was targeting EXACTLY where price hit HOD, and still below the main previous support line of the massive rising wedge pattern. Granted, we have broken out of the descending channel, which is a bullish sign, but bulls aren't out of the wo...
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$SPY.US$ Hope everyone has had a wonderful Monday and are ready for the plethora or key CATalaysts coming out this week - - see what I did there. 😉
I saw something on the charts today that I just HAD to share and I hope it helps at least one person not to get trapped.
Best of luck, cool cats! 😸
God bless.
I saw something on the charts today that I just HAD to share and I hope it helps at least one person not to get trapped.
Best of luck, cool cats! 😸
God bless.
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