-8% flush down at the opening after a run to the 3.618 Fib is a good indication that Wave 5 could be complete here
I do have a position and I am up +40% here but I won't be selling my position to add lower
I will only add lower when the higher low is held
So I have added the amb...
2025-05-19 13:40:46 +0000 UTC
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I like the set up here so far
We have a 3 Wave ABC pull back for a double bottom on the 0.618 Fib at $66 and has now bounced back up to the 0.5 Fib at $86.
What we want to see next is a subwave 2 pull back to the green fib support levels as shown between $73 - $75 next.
A hold i...
2025-05-19 13:30:56 +0000 UTC
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As we expected, $VIX has retested its confluence level on the 50 WMA and 200 WMA and so far has held and bouncing +13% now before the market opens.
No panic just yet but a hold of support on an important confluence level
There is no flight to safety yet either by the market and I thin...
2025-05-19 11:47:22 +0000 UTC
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The US 10 YR is the big elephant in the room right now
Like I said in the last few uploads, if this was a stock we liked, we would be building a big position because of its bullish set up above all MA's and holding support above the bullish triangle.
A higher high next above 4.58% and...
2025-05-19 11:44:05 +0000 UTC
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Pulling back in the PM now with the market and again it's same commentary as the $SPY chart too.
I think this is a retest of an important breakout level.
$NVDA had an incredible week last week and burst through:
Price is back below the top blue line now in the PM due to the market weakness and the uncertainty behind the Moody's downgrade
But we highlighted last week that 5 waves are visible now and a pull back to the green fib support levels can come next for a higher low (the bullish scenario)
...
2025-05-19 10:46:22 +0000 UTC
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-3.5% pull back in the PM now is not giving me much concern for the structure here
And we can see on the chart that this PM move brings the price down to retest the outside of the bullish flag support line and the 50 MA on the 1hr chart.
The 1.618 Fib is also there too at $16.62 to of...
2025-05-19 10:36:15 +0000 UTC
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We added on the pull back here on Friday for our Third Buy and very happy with our entry at $63.60, with the price green in the PM now at $65.41, while other positions are red.
I like what I see here too.
Wave 2 pull back has formed a healthy bullish descending wedge which is typical ...
2025-05-19 10:23:25 +0000 UTC
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The price action has been moving wonderfully here
We wanted Wave 1 to reject at the 200 Day MA and the 3.618 Fib at $2700 and pull back for Wave 2 and that is what we are getting.....and this started before the Moody's downgrade came out.
Therefore the plan remains the same here too, ...
2025-05-19 10:15:21 +0000 UTC
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Let's start the day and week with something positive.
Price is back to $301 now in the PM and is a green mark in an uncertain wave this morning for the market.
In my last upload we said that a move back to the 0.5 Fib at $323 would be the next target for this wave bounce and we can se...
2025-05-19 10:10:14 +0000 UTC
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De-escalation and the Damage Done: Lower Tariffs, Lingering Risks
Tariff Reduction Brings Relief — For Now
President Donald...
2025-05-18 19:56:50 +0000 UTC
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Commentary here is almost identical to that just shared under the $QQQ chart
In short, we expect a retest of the 50 WMA from above next after a very strong run from the market since the 7th of April
A retest will also provide us with more information on where we think the market is go...
2025-05-18 19:54:07 +0000 UTC
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There was enormous strength in the $QQQ this week, as the price action burst through the 50 WMA at exactly the amber 0.618 Fib at $487.....after Sunday evening Trump announced that the US and China made a progressive deal to reduce Tariffs to 30% and postpone the trade war for 90 days.
The ...
2025-05-18 19:48:32 +0000 UTC
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And just like that we ended up right back at $366 this week, having completed Wave 3 at this level in Feb, pulled back in 3 perfect waves for Wave 4, held support just slightly above the standard 0.38 Fib on the 50 WMA and bounced now for what we see as Wave 5.
A higher high next and holdin...
2025-05-18 19:41:40 +0000 UTC
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No changes to the chart here for some time....for 2 years to be exact
The price action has been working its way through the amber resistance levels so far with ease and the price held at the 0.5 Fib at $351 to finish the week.
Price action can still run to the 0.618 Fib at $383 before...
2025-05-18 19:39:19 +0000 UTC
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$SHOP is not showing much concern about the US - CHINA tariff war and the reduction in Tariffs to 30% so far has been warmly welcomed here and the price has bounced out of the rising wedge again at $105 and finished the week at $110.
A retest of the top line at $110 will likely happen next...
2025-05-18 19:26:39 +0000 UTC
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$SE's strength has been very strong and somewhat surprising which is likely down to how hard this has dropped since 2021 and how far it is still off its ATH level.
That being said, the price action has bounced since $34 at the start of 2024 to $165 this week, which is an enormous rally.
...
2025-05-18 19:23:16 +0000 UTC
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Looking very good here, we added well during the ABC pull back and have no more buys right now as we have been holding since the start of 2024, so we have a full position now in $PYPL and with an average at around $60.
Price tested the 1.618 Fib and the 50 WMA at $73 this week and there has...
2025-05-18 19:20:21 +0000 UTC
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We were interested in adding $NKE on a retest of the $60 level this week and it did happen but the $UNH set up was too big to ignore and we prioritised adding at the $250 sweet spot there over all other positions and I believe it was the right call
Because we can wait for $NKE to pull back ...
2025-05-18 19:17:28 +0000 UTC
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$MSFT has been stretching for that ATH level again at $468 and we can see that the price action is arching as it approaches this level which typically means the price action is stretched and this would align with a Wave 4 pull back to the 200 Day MA next at $410.
A retest and hold at the 20...
2025-05-18 19:02:14 +0000 UTC
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$GOOG and $AAPL are in similar set ups, both have not broken above their 50 WMA, like $AMZN and the market and $GOOG has been lagging somewhat and has only tested its amber 0.38 Fib at $168 too.
If Bulls believe the market can go to new ATH's then $GOOG should be very attractive to them rig...
2025-05-18 18:59:42 +0000 UTC
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$DIS had a strong week and we can see that there is yet another bounce back up to the 200 WMA this week and has met resistance, this is the 5th time at this MA since November but the price action did finish the week above this level this week, which also happened in early Jan '25 too.
Price...
2025-05-18 18:57:15 +0000 UTC
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The $BTC price action has been largely unaffected by the Moody drop on Friday evening which should be a positive sign for the market as $BTC has been front running the market I believe.
Some resistance so far at the 0.9 Fib at $105k but no rejection yet and a test of the ATH level at $109k ...
2025-05-18 18:36:00 +0000 UTC
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Another week holding above the blue support line at $121, we want to see this continue and like I said in the last upload, we expect a Golden Cross between the 50 and 200 WMA this week too.
ER this week was not clean with slight misses on EPS and Revenue and a mark on the FCF but this was d...
2025-05-18 18:32:02 +0000 UTC
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$AMZN along with the market did break above its 50 WMA and ran as high as its amber 0.618 Fib which we know is a resistance level.
Price has pulled back slightly from here, so we will need to see how the market interprets the Moody's downgrade on Monday but a retest of the 50 WMA at $197 sh...
2025-05-18 18:15:54 +0000 UTC
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Our girl finally made it back to the 200 WMA this week, something we have been following for a lot of 2025
Was there ever a doubt about this?
I will let you be the judge of that.....but $AMD and $ETH were always going back to their 200 WMA for me and it was as clear as day on the char...
2025-05-18 18:12:27 +0000 UTC
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$ABNB had their 'Apple Day' this week where they launched new features for their app.....and I have to admit I got very excited about it.
You can now buy a lot of features through their app from local businesses that can enhance your stays
Effectively bringing hotel services to your h...
2025-05-18 18:09:02 +0000 UTC
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Big talking point over the weekend will be how will the market handle the Moody's downgrade that came in after the market closed on Friday.
It was the first Downgrade in Moody's history on the US, which is remarkable considering they did not catch the '08 Crash or other events but they beli...
2025-05-18 17:51:21 +0000 UTC
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$ADUR has bounced +8% today and we ideally want this to be a bounce for Subwave B and then rejecting before making a higher high and then pulling back for Subwave C as shown to the $5.25 level on the 0.5 Fib....which is also where the 50 and 200 Day MA's are moving up to.
A move down in 3 w...
2025-05-16 19:23:46 +0000 UTC
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$ONON with that god like candle now, bursting through the 200 Day MA and the blue neck line at $55 this week.
Big test next will be a retest of the blue support line at $55
A hold above this blue line and we are looking at $ONON following exactly like $HIMS when it held above its $25....
2025-05-16 16:56:49 +0000 UTC
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