$SOFI
We really need to focus on positions that are in their Wave C right now if you considering adding at the moment, you do not want to be adding anything in Wave 5
I would urge everyone to be really greedy for support confirmation now too.
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We really need to focus on positions that are in their Wave C right now if you considering adding at the moment, you do not want to be adding anything in Wave 5
I would urge everyone to be really greedy for support confirmation now too.
...
There will be many questions as always about $OSCR so I am getting ahead of this.
$OSCR is relatively holding up well against other positions and still holding at the 0.5 Fib as it has been since November, in spite of everything that has ha...
PM has opened deep red this morning as it was announced from the WSJ that Trump intends to be more aggressive with Tariffs planned this Weds and naturally the market hates this further uncertainty and just about all positions are red apart from so...
2025-03-31 11:34:23 +0000 UTC View PostKey Developments
The price action of the $QQQ and $SPY are just about identical right now and I have wrote a long commentary on how I see the market moving this week under the $QQQ chart just uploaded and have discussed the scenarios.
Similarly, a lower low ...
2025-03-30 18:15:14 +0000 UTC View PostIf you were looking at a chart for the first time and you only knew about the 50 and 200 Day MA and price action, you could tell without a shadow of doubt that the price action has kissed the 200 Day MA from below and harshly rejected at this leve...
2025-03-30 18:03:57 +0000 UTC View Post$V is a rare company that is still above its 50 and 200 Day MA and has bounced well since sinking to $326.
I am still expecting our count to play out and a rejection will come before retesting the $366 level.
A break below the 50 Day M...
2025-03-30 12:47:51 +0000 UTC View Post$TSLA arguably has already completed its ABC pull back and went below its 200 WMA and has since popped out above this MA now
Which is why the set up looks different to the other Mega Caps
Its impulse wave is still valid but it must bre...
2025-03-30 12:45:02 +0000 UTC View Post$SHOP bounced out of the wedge and clearly tested the 50 Day MA at $109, price struggled to stay above this level and pulled back to retest the wedge top line again at $100 and failed to hold this level, a hold at $100 would have been a buy signal...
2025-03-30 12:40:54 +0000 UTC View PostMy message has been clear on $PYPL, it is both technically and fundamentally undervalued now, it is in the same situation and long consolidation period that $BABA was in before it aggressively bounced back up to its Mean Reversion Zone in 1 month ...
2025-03-30 12:38:22 +0000 UTC View Post$NKE is still in search of support and did not hold on its 200 Monthly MA now, so it falls into the same category as $EL right now, a legacy sector leader in desperate need to find support.
The next test is the Covid low level at $60, below ...
2025-03-30 12:34:35 +0000 UTC View PostWe have been concerned about $MSFT since last summer and I think the chart has been moving incredibly accurate since then.
The set up is still very weak right now and a test of its own 0.38 Fib has not happened yet and I believe this can hap...
2025-03-30 12:00:18 +0000 UTC View Post$INTC I believe we have called this right and will continue in the consolidation range for some time, I am not seeing the start of an impulse wave but a set up that is weak and forming a triangle now which is typically found in a consolidation ran...
2025-03-30 11:56:55 +0000 UTC View Post$GOOG's set up is very similar to $AMZN right now, the only difference is that the price action has made a lower low here and never looked like getting back above its 200 Day MA over the last 2 weeks.
Price is also at the blue support line n...
2025-03-30 11:44:31 +0000 UTC View Post$DIS is another position that rejected at its 200 Day MA this week and is in search of support now
A retest of the 0.618 Fib is possible next at $97 and the lower fib level at $91 comes into play at the 0.78 Fib if $97 is not held.
Thi...
2025-03-30 11:40:57 +0000 UTC View Post$BTC was showing relative strength against the market but with the market sell off on Friday and how highly correlated these both are, it meant that the 200 Day MA was under pressure and it was lost on Friday.
I do not think anyone should be...
2025-03-30 11:37:14 +0000 UTC View Post$BABA I believe can still oscillate between the yellow range at $145 and $126 but a lower low is possible here and the blue range line at $121 is a very obvious place for a retest over the next few weeks if panic does spread across the markets. 2025-03-30 11:27:09 +0000 UTC View Post
Big concern this week was the rejection of the 200 Day MA and this was seen across a number of charts and by the market, a lower low has not been seen just yet which is the last saving grace for the market but we must all consider that the set ups...
2025-03-30 11:23:32 +0000 UTC View PostI think everyone is clear on my situation here, I hold $AMD and whatever happens with the market I will continue to hold $AMD, I believe its decline from $227 to $103 is an ABC correction and the price is below its 200 WMA now and in the Buy Zone,...
2025-03-30 11:17:26 +0000 UTC View Post$ABNB continues to be pulled down by the market and a report came out this week that showed that travel between the US and Canada has dropped by -70% since the tariff wars began, which is likely not a good situation for $ABNB, as both sides of the...
2025-03-30 11:13:06 +0000 UTC View PostTwo important charts for us to follow is $AAPL and $MSFT right now because both of them I believe are in their ABC correction, with $AAPL in Wave B now and $MSFT deep into Wave C
These two are legacy market leaders so it is not a surprise to...
2025-03-30 11:08:34 +0000 UTC View PostDifficult day for the market today after Core PCE came in hotter than expected and now the FED's job has become a little harder
Trump will want the FED to reduce rates but the economy is still staying strong which makes it counterproductive ...
2025-03-28 19:02:02 +0000 UTC View PostGOLD and SILVER are clearly trying to tell a story here
This parabolic move with Gold is not normal, this is a $17 Trillion valued asset and to move like this means that a lot of buyers are stepping in....possibly countries too.
Silver...
2025-03-28 14:30:56 +0000 UTC View PostIn this Wave B bounce, $PLTR went as high as $98, just $1 short of the 0.5 Fib amber range at $99 and has started a pull back.
I believe if the blue line is not held at $85 then I will confirm Wave C is now active, especially if there is a b...
2025-03-28 14:08:17 +0000 UTC View Post$NVO has not been able to hold support on the 0.5 Fib for Wave A after a number of a negative announcements came through, however the biggest concern seems to be the market share being lost to their biggest rival $LLY and their popular Wegovy Ozem...
2025-03-28 14:03:55 +0000 UTC View PostI have been quite vocal on X on the importance of $NVDA to the market and I have shared these views in this group.
I believe $NVDA holds the key to the market and with $MSFT struggling and $AAPL hitting its Wave A target already, the market ...
2025-03-28 13:45:55 +0000 UTC View Post$NU has rejected at the 200 Day MA, the blue resistance line and now the 50 Day MA from below.
This aligns with our corrective ABC count and I believe this can offer an opportunity to add once this can continue dropping down lower below $9.7...
2025-03-28 13:41:42 +0000 UTC View PostNESN decided on the 1st day of 2025 that it has had enough and started its reversal, the price has not looked back since, from 72 to 90 now.
With the 200 WMA at 104 still looking like the target.
I believe we are still in a 1 wave bou...
2025-03-28 13:12:22 +0000 UTC View Post