The Long Investor

$MSTR

If $BTC flushes down in an ABC correction then $MSTR is in trouble

The impulse wave is not invalidated yet because Wave 1 has not be infringed upon but the price is below the 0.5 Fib now and the 50 Day MA, which is lower than $BTC and the $QQQ

So I have add the RED Fib levels to show ...

$PLTR TOP 20

$PLTR showed a lot of strength yesterday, when the market needed to show its teeth, $PLTR did it's part but the rest of the market could not as there was a fade throughout yesterday's session....$PLTR did manage to stay up +3.7% and the price is still above the $70 support level now, which needs ...

$BTC TOP 20

I want to be clear: this chart has not changed.

We were in Wave 5 and pushing to the 3.618 Fib at $109k and the price got to $108.3k

The extreme bullish scenario was to the 4.618 Fib to $123.5k but it was already extended at the 3.618 Fib

Price has pulled back and it too is tes...

$BABA TOP 20

$BABA is below the 200 Day MA in the PM now in spite of the HSI holding up very well this week against the US market.

Below the 200 Day MA and the next support line is the 0.78 Fib and the red support/resistance line at $77.50, below this level and we are back to the consolidation support l...

$HIMS

One more upload here because it is a popular chart in our group and today was an important day,

We said that negative FDA news for $HIMS would likely bring the price down to $25.41 and that is what happened today, it overshot to the 0.618 Fib exactly but for the majority of the day the pric...

$ETH

$ETH did not hold the $3700 support line at the top of the triangle and the flush down has brought the price action to the 50 Day MA, which is also the 0.38 Fib at $3340

Weakness is shown now below the $3700 level so we need to see where support can hold next

I won't consider trimming...

$MU

This chart has not been changed all year

Price dropped at Wave 5 and fell below the 50 and 200 Day MA, there was some who believed that the pull back was complete during the summer but there was no Wave B, I believe Wave B is complete now and the pull back will continue to below the 0.5 Fib...

$VIX

You can almost pinpoint the moment the Fed made the wrong decision.

If they believe inflation goes higher, you don't cut rates

But instead, they cut rates and said inflation would go higher

And the $VIX rightly so jumped from 14 to 28, just a modest 100% jump in a few hours. 2024-12-19 17:49:16 +0000 UTC View Post

US 10 YR

Here's the culprit, the source of pain on the market right now.

The FED needed to cut rates yesterday like we all needed a hole in the head!

The US 10 YR had no choice but to breakout yesterday after further signaling that inflation is expected to rise again

The best the market...

$TSLA TOP 20

It is very clear here how effective the 1.618 Fib has been for Wave 3

In the last upload I said that it had overshot this level and it was not a concern but like a magnet, the 1.618 Fib pulls the price back down and I believe we are in Wave 4 now

There are a number of support lines in...

$SMCI

$SMCI has been making its way down through the Fib support levels but it has remained on the outside of the wedge as discussed before.

Standard support level to expect is the 0.618 Fib for Wave 2 and that remains at $29.12

It is crucial that support is found before going back into the...

$COIN

Testing the 0.38 Fib at $274 now which is the standard Wave 4 support level as we know and this Fib has not changed on the chart

$BTC is still above $100k, so if there is a final run to this year for $BTC then $COIN will likely follow the same route

I find it hard to believe that this...

$SOFI

I explained yesterday that a higher 10 YR is going to put pressure on the finance sector and they have felt in line with everyone else today and yesterday

$SOFI is just short of the 1.618 Fib for Wave 3 so it still may reach up to $18 but if Wave 4 happens now then the 0.38 Fib is at $12.95...

$UAL

The power of the 1.618 Fib for Wave 3 in clear view here.

From $40 to $103 and pulls back at the exact level we expected.

The 0.38 Fib is always the target so a pull back to $76 would be ideal before moving higher for Wave 5.

Remember airlines hedge their fuel, so they can lock ...

$IWM

Small caps pulled back strong yesterday but two solid points

• Pulled back at our expected Wave 3 level and

• Held at the 0.5 Fib for a Wave 4 pull back

  The standard pull back level is the 0.38 Fib but it is not uncommon to see a retest of the 0.5 Fib for Wave 4

  ...
  2024-12-19 14:30:28 +0000 UTC View Post

$JASMY

It could have been a bloodbath for ALT Coins over the last 18 hours but relatively speaking they have done ok

$JASMY made a lower low so it could not be starting a new impulse wave yet

Price is on the 0.5 Fib now so we need to see if this level will hold or the 0.618 Fib will be teste...

$HIMS

$HIMS was caught up in the market sell off too and when this happens we need support levels to deliver and this is what happened with $HIMS yesterday

Back to the 0.38 Fib for the 4th test since the 10th of December.

This 4th test was aided by the 200 MA on the 1hr chart and both aided...

SILVER - SAFE HAVEN -

People are very critical this morning of Silver when the chart shows a test of the 200 Day MA and holding at this level right now.

A test of the the 200 Day MA has been mentioned by me multiple times over the last few uploads

Instead of being critical of one of the better safe havens...

$NVDA

In spite of the sell off, $NVDA still managed to put in a higher low, mainly due to its strong start to the day yesterday

Price is up in the PM today as dip buyers who missed out yesterday are stepping in and some are adding again.

No changes to the plan here, a hold above $127 and th...

$SPY TOP 20

This is the same chart uploaded on Sunday.

I spoke about this last night, there is a breakdown below the rising wedge bottom line and the 50 Day MA now after yesterdays flush down, so today's session and tomorrow are very important now.

Bulls need to get back to the 50 Day MA and flip...

$BTC TOP 20

$BTC pulled back from the top line yesterday at $108k in this channel but as we can see, price is comfortably still in the channel, above the 2.618 Fib at $96.6k, above the psychological level of $100k and above the 50 Day MA now too.

Right now no support levels are lost but a test of resis...

$RLX - WATCHLIST -

Up +6% today after bouncing on the 50 MA on the 1hr chart today and we can see an ascending triangle formed here under $2.11

So a breakout and hold above this level and we could see a further climb next towards the First Target.

A retest of $2.11 and holding is vital here

Howeve...

$PEP - SAFE HAVEN -

$PEP continues to make lower lows here and has not found support while it moves in the middle of the 0.38 Fib and the 0.5 Fib levels

The 0.5 Fib is also at the blue support line too, so a drift down to this level at $148 is what I expect next.

Holding here or on the 0.618 Fib at $137 ...

$ABNB TOP 20

Not seeing the start of an impulse wave just yet

We have a test and bounce on the 0.5 Fib at $129 but I would expect either another retest or a lower low next with its current formation

So no add for me just yet and I will wait for a better entry

$UUUU

$OKLO has bounced in the PM and there is no changes to that chart

$UUUU is also looking at holding support on the 0.618 Fib at $5.50 too

A reversal here and $UUUU can make another attempt at breaking out of this descending wedge at $7, a breakout at this point and there is a clear rou...

$DG

Watching for a potential bottom now at the 0.78 Fib at $72, price is already at $76 after testing the $72 level

Price is also considerably lower than its 200 WMA which is at $185 right now too and its ATH level at $262

PE and FWD PE are sitting at 12, profitable and 5% away from its 5...

$NIO

It's getting quite boring here for $NIO as the bulls and bears slug it out on the $4.50 line now since the 12th of November.

Indicators are not giving us much either apart from some sideways movement is still expected.

For now, $NIO is nestled on the shelf, gathering dust for me.

$ACHR

Continues to move very well in this Wave 3 now and this pull back looks complete and should be confirmed once a higher high is made above $9.87.

$ARK own nearly 6% here and 10% of $BLDE which we are in so they believe in the thesis here.

I like both of them as exposures to the Smart F...

NESN - SAFE HAVEN -

Nestle has an RSI on the WEEKLY at 18 now....so this is as undervalued as $PLTR is overvalued

MACD is also showing largely oversold too but it is not showing that a bottom has been reached yet or any leveling off.

The dividend at 4% is very attractive too right now

I will keep a...

$ETH

We got our 5 waves to a new higher high and the pull back has happened fast already, so a 3 wave pull back to the white fibs as shown is what we expect before going higher again

After every 5 waves, there is an ABC pull back

The 5 waves higher moved very well

So again, the small...