All week and prior OPEX Week's we look for the PATTERN WE HAVE OFFICIALLY FAILED BY NOT GETTING SPX +3233 Here is what that FAILURE PATTERN LOOKS LIKE 2017 (2) 2018 (4) 2019 (2) 2020 (1) & NOW ALL OF THIS DATA LINES UP WITH OUT WAVE-B COMPLETED AND WAVE-C DUE TO COMMENCE FOR 2820 - 2750
Lot of fun yesterday with ROKU, BYND & SQ while SPX and crew decided to burn premium all day as it trolled that JAN-SEP 2018 - JUL 2019 Highs line all day before the EOD dip to that 3109 fib for those strangling their control to try and re-FOMO the wicked ranges we had ending last week and starting this week. SPX traded ONLY inside a 33p range yesterday: FAILING to take out Tuesday's HIGH or BREAK -3100 This with [...]
We collected ~90% call it of the expected move with SPX back to the JAN-SEP 2018 - JUL 2019 Highs for the troll all day and close Tuesday after dipping perfectly for our 3082 target with the VIX 36.20 combo. IN THE GAP - above that 3123 and the JAN-SEp 2018 - JUL 2019 Highs line... SPY 310.68 IS A BULL WARNING SUPPORT LINE TODAY QQQ 240 IS A BULL WARNING SUPPORT LINE TODAY /ES 5d MA IS DOWN @ 3069 [...]
If only we didn't gap down over the weekend, the "RARE OPEX FAILURE" likelihood would have been wiped out for a CLEAN OPEX PATTERN. Yesterday's +114p rally off that SPX 2966 has extended overnight for +189.75p rally in under 24hrs with the PROBLEM SOLVED when that headline came out late yesterday the FED will be buying CORP BONDS. As I was pointing out and we saw proven the power of the buy divergences, I am still: So the EXTREME OVERSOLD, -248 [...]
Last week shook most 1st year traders like ragdolls cause they simply haven't taken the chance to learn that T.I.N.A. is real, but charts are charts and 💩 happens when charts say its time to happen. We went into last week with a) With OPEX next week and the Daily RSI(14) now over 70 on all 4 index/ETFs, there's little doubt in this false reality that we're to see the 2020 OPEN and that FEB 21 GAP attempted in the early portion [...]
FOMC Day rocked out pretty perfectly with the early tag under the 5d MA and then the reactive bounce for that 5% line and lower entry zone of the unfilled gap from Monday @ 3224. Asia decided to bring some reality to the FED's "for as long as it takes" and DUMPED Futures down to pressure on the 4.5 factor lower keltners of the ES & YM 1Hrs with the RTY dysfunctionally oversold into the close already yesterday and the [...]
NASDAQ 10,000‼ How about some #BearPorn to kick off the email: SPX broke the consecutive streak of CLOSING above the OPEN yesterday for the 1st 🔻 session of the month, but still above the Week Open (3199.92) and EXPECTED to produce the HIGHER HIGH OF THE MONTH next week during OPEX Week as pre the OPEX PATTERN which cleanly supports this occurring. Ideally: SPX should be in wave-4 of V and due to target the unfilled gap from the FAKE [...]
I want to cover FANG MAN on Tuesday's, but with the FOMO ending of this wave into Powell and into OPEX Next week which the Pattern SHOULD UNDOUBTEDLY provide for the high of this wave next week and not from Powell - it's simply better to cover the individual FANG MAN names via LIVE STREAM since the microphone has been delivered finally. AAPL, AMZN - two of the +10% weighted names on the NDX 100 - posted fractionally higher highs [...]
T.I.N.A. too the UPSIDE POTENTIAL CAN STILL PUSH 1 MORE WAVE FOR 3105 - 3115 is did some REVERSE ADDITION Friday morning and took the MISSING JOBS and replaced them with ADDED JOBS and left the "oops, we made a mistake" for after the close in hopes no one would look at it. With OPEX next week and the Daily RSI(14) now over 70 on all 4 index/ETFs, there's little doubt in this false reality that we're to see the 2020 OPEN [...]
SPX +46.53% BOUNCE off MAR LOW (52 trading sessions) SPX +44.62% BOUNCE off DEC 2018 LOW - FEB 2020 ATH (+13months) Wave 5 ~= 1 (+449 versus +445) Wave 4 ~= 2 (-190 versus -188) JAN 2018 - SEP 2018 - JUL 2019 HIGHS LINE: ~3120 FEB 2018 - MAR 2018 - JUN 2019 LOWS LINE: ~2890 -10% from ATH LINE: 3054.17 8 UNFILLED GAPS BELOW: 3163 - 3112 3090 - 3081 2970 - 2955 2933 - 2923 2914 - 2864 2775 [...]
