Support has not been found yet so still we need to sit tight for a reversal here.
Watching for the 0.5 Fib now to offer assistance at 17,887.
Chinese policy makers have a habit of making announcements early on Monday morning so the rest of this week will likely remain in this down dr...
$OKTA reported earnings and it was a double beat, so it is worth reminding the group of its chart, there are no changes since the last time I uploaded this chart.
Up now +5% in the PM
$OKTA broke out of this bull flag, retested the level and then bounced.
PM price now gets the p...
2024-05-30 10:17:39 +0000 UTC View Post
United finished +2.5% yesterday in spite of the difficult day from $AAL....the market feels that $UAL and $DAL are not in the same situation as $AAL right now.
We can see on the chart that $UAL stopped out at the top of the wedge line which is a good sign, we have identified that this is an...
2024-05-30 10:12:51 +0000 UTC View Post
This is a company I would consider starting a position when Wave C completes to hold for long term.
Very large moat and a company that operates around the globe is a company I am interested in, like $ABNB.
Wave A has been going to plan and pulling back to the 200 Day MA, so we can exp...
2024-05-30 10:09:18 +0000 UTC View Post
Finally giving us a pull back here after going on an enormous run post earnings, jumping from $435 to $528.
Pull back is a result of running too fast and:
'Shares of U.S. health insurers fell on Wednesday after UnitedHealth Group's 2024-05-30 10:06:26 +0000 UTC
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$SNOW announced a leadership change with their earnings report and the share price dropped like a stone, $PATH has just made the same announcement and gave a weak guidance and the same thing happened.....I believe this is incredibly careless and very unfair on share holders who need to sit holdin...
2024-05-30 09:58:35 +0000 UTC View Post
The aggressive pull back has finally come from $CRM after we have been watching and waiting for this for over a year and it kept pushing higher, in spite of its odd structure.
V shaped recoveries bring a lot of uncertainty and usually the bounces in the recovery are very misleading but can ...
2024-05-30 09:53:05 +0000 UTC View Post
Interesting development by $SE:
'Sea 
SE is under investigation by Indonesia's antitrust authorities for allegedly...
It is usually not a good sign to see a rejection trying to make a new high and now losing the important $69k level which has also been a stubborn resistance line since Feb but the price is still above the 50 and 200 Day MA, like the US market so the bulls are still on control here while the price...
2024-05-30 09:39:01 +0000 UTC View Post
'Mizuho Upgrades PayPal Holdings to Buy From Neutral, Adjusts PT to $90 From $68'
Upgraded a few minutes ago by Mizuho and the price is up +2.5% in the PM now
Interesting time to upgrade as the price tests the 200 Day MA at $61.
Also in the last 24hrs, ...
2024-05-30 09:32:10 +0000 UTC View Post
A break above $4078 and we have our green light to test the ATH level at $4865.
There is a lot to be bullish about right here and this chart has made us a lot of money since we started adding just below $2000.
The momentum is behind the $ETH bulls right now
I am only looking to...
2024-05-29 15:33:06 +0000 UTC View Post
$PAYO continues to look good here since breaking out of this long wedge, the 50 and 200 Day MA are also about to make a golden cross too, which could indicate the top of this bounce before getting a pull back
So I have added in the white Fib levels here to see if we can find a confluence le...
2024-05-29 15:12:39 +0000 UTC View Post
Retesting the 50 Day MA and the blue support line which was the previous ATH line before the run in late 2023.
Lets remember the big picture here:
above the 50 and 200 Day MA
lagging $NVDA
Wave 4 stayed validated by not infringing with Wave 1
... 2024-05-29 15:05:34 +0000 UTC View Post
$PLTR is in a bull flag and continues to drift to the trend line at $20, where the 200 Day MA is moving up to meet the price action at this confluence level.
I like to see the price action testing the 200 Day MA, it gives us an opportunity to add again and in spite of the strong move over t...
2024-05-29 15:00:50 +0000 UTC View Post
$SPY chart and commentary from the weekend is playing out nicely here.
Pull back has started, in spite of $NVDA jumping 20% over the last 2 days, which is a telling signal because if $NVDA did not have this performance, the pull back would likely have been a lot more aggressive.
Testi...
2024-05-29 14:55:48 +0000 UTC View Post
$LULU is not getting any relief at the moment and has fallen out of favour with the market and our sell at $397 when it infringed on Wave 1 turned out to be a wise decision, saving us some heart ache and losses.
This is why I strictly keep to the rules of EWT to protect my portfolio, what m...
2024-05-29 10:01:20 +0000 UTC View Post
Another request for this chart again but we can see that there are no changes from the last chart uploaded and this is still moving down in this amber corrective wave of 5 waves down.
The bounce since May '23 moved in 3 waves and when a corrective wave finishes high like this, it is usually...
2024-05-29 09:53:25 +0000 UTC View Post
Sitting right on the 0.5 Fib now for this pull back in the PM.
If the HSI finds support on the 0.38 Fib then this will be a good ETF to take advantage of for the next leg up, as it is 3 X leveraged.
Those who have been with us since the start of the year and have been following this w...
2024-05-29 09:48:49 +0000 UTC View Post
A number of people have asked for this chart after its parabolic move.
We are seeing some pull back now and where it finds support will tell us which wave it is in or if it will breakdown completely after going on such a strong run from $4 to $17.
The 50 and 200 Day MA have completed...
2024-05-29 09:43:39 +0000 UTC View Post
This has been really impressive from $MRNA, since the ascending triangle breakout, the price action ran exactly to the 1.618 Fib, to the dollar and rejected.
Pulled back strong yesterday as every algo and technical analysis monitoring this would have sold and it is down for Wave 4 now, to t...
2024-05-29 09:39:47 +0000 UTC View Post
$HOOD board has approved a $1 Billion share buyback program and the PM is enjoying this announcement.
Price action looks very strong here in this Wave 5 and I expect the price to continue moving higher to our 2.618 Fib at $24.87 to complete.
This has been an enjoyable company to chart...
2024-05-29 09:30:06 +0000 UTC View Post
Airlines struggled in the AH yesterday and into the PM today as $AAL announced:
'American Airlines slashed its guidance for the current second quarter and said its chief commercial officer, Vasu Raja, was stepping down after two years in the post. The carrier said it expects adjusted e...
No changes to the chart here but the price continues its movement down to the confluence level where the 50 Day MA, 200 Day MA, the 0.5 Fib is and the wedge breakout level are....making this a very obvious and strong confluence level.
$4.44 is the level we are watching closely and a test an...
2024-05-29 09:21:34 +0000 UTC View Post
HSI continues to move with the plan and with the green bounce yesterday, we could have our Wave b complete.
The 0.38 Fib level at 18,315 has not been tested yet so the pull back may not be complete just yet, we will need to see how it behaves on the 0.38 Fib, holding here and we are comfort...
2024-05-29 09:15:50 +0000 UTC View Post
$SOXL is absolutely loving the strength from $NVDA and other Semi's today and this is very close to making a new higher high above $56.96 confirming Wave 5 is firmly underway.
My target remains at $74 to complete Wave 5 and remember that this is a 3 X leveraged Bullish Semi ETF.
Not a...
2024-05-28 17:18:44 +0000 UTC View Post
$PFE hit resistance at its 200 Day MA and is pulling back now, so the white fib levels have been added to show where the pull back can come back to in order to qualify as an impulse wave.
A pull back here, holding at the 0.618 Fib would be considered Wave 2 complete.
The 50 Day MA is ...
2024-05-28 17:15:00 +0000 UTC View Post
$NVDA is going parabolic here
Moving close to $1209 at the 3.618 Fib in record breaking time.
Parabolic moves are encouraged in Wave 3's but not welcomed in Wave 5, they are sign of a top approaching as chasers chase and smart money uses this as an opportunity to exit a position.
<... 2024-05-28 17:10:24 +0000 UTC View Post
Down -16% today on a catalog of bad news to start the trading week.
According to media reports citing a note from Morgan Stanley analyst Dara Mohsenian, Celsius’ sales growth and market share are moving in the wrong direction in recent weeks.
It has...
2024-05-28 17:04:16 +0000 UTC View Post
Very simple and straightforward set up here.
Price has broken out of a small wedge and a larger wedge, and also above its 50 Day MA.
It has pulled back slightly so far and testing support.
I expect support to be found and this to continue higher as shown and return back to the b...
2024-05-28 10:59:41 +0000 UTC View Post
Down -7% in the PM now on news:
'shares are trading lower after the Illinois Senate approved a 2025 budget imposing a progressive tax increase on sports betting operators.'
Concerns would likely be that other states follow suit here and impose a tax increase on sport bett...
2024-05-28 10:51:25 +0000 UTC View Post