The battleground area is clearly now at the blue line at $25.41, the 0.618 Fib and the 50 Day MA, there was a large flush down to just below the blue line yesterday but somehow the bulls managed to hold the price action from making a lower low or test the 0.618 Fib.
Positive move in the PM ...
2024-12-31 11:11:00 +0000 UTC View Post
$SPOT is a company that I will be watching closely in 2025 to add once it completes its ABC correction.
I really admire their Moat, their CEO and their Value.
Price is in the Wave 5 range now between the 2.618 Fib and the 3.618 Fib and retesting the 50 Day MA this week.
If this ...
2024-12-30 23:25:01 +0000 UTC View Post
Healthcare sector is under pressure right now but I believe this could be an opportunity shortly
A combinations of two things, the assassination of the $UNH CEO and the RFK JR effect have sent ripples through the sector and it is still finding its feet (support)
But the underlying fundam...
Price action has been drifting over to the breakout level now and we can see that the breakout level and the 200 Day MA will likely align at €8.80
A breakout and hold above this level and I believe AF can move back up to the blue line at €15 over the next 6-12 months....I believe AF is...
$KO is dropping down into the sweet spot now
This is the weekly chart above and the 200 WMA is at $60 right now and just slightly above the 0.618 Fib and the red support/resistance line.
So I am looking for a hold between $62 and $60 and I believe $KO will be a good contribution to an...
2024-12-30 17:14:26 +0000 UTC View Post
Tested the 0.5 Fib again today at our Wave 4 level, we can see that the 200 Day MA is just slightly below and above the 0.618 Fib so a test of this MA cannot be ruled out, for me I don't see a breakdown of structure yet and this has moved as expected.
If the $IWM losts its 200 Day MA and re...
2024-12-30 17:06:18 +0000 UTC View Post
$EL has been one of the worst performing stocks for 2024 and continues to search for support.
We can see that the descending channel has been a strict resistance and has not allowed the price action to breakout and reverse.
The 50 Day MA has been assisting this resistance too.
A...
2024-12-30 16:41:04 +0000 UTC View Post
$ASTS has come down to retest the 0.5 Fib again $20.50 again after holding support since October
We can see that the blue resistance level at $25.45 has been a difficult level for the bulls and the price has not been able to hold above this level.
A lower low is likely here next and w...
2024-12-30 16:34:59 +0000 UTC View Post
$SOFI has not rejected yet but the set up now is a small head and shoulders pattern and this usually signals that a top is in or shortly in.
We still haven't hit the 1.618 Fib but the US 10 YR being high will put pressure on this sector and we can see that $PYPL has held under its own 1.618...
2024-12-30 16:29:46 +0000 UTC View Post
$TLT is hurting, it is inversely proportional to the US 10 YEAR, the FED is sacrificing Bonds right now because clearly it sees this as the least damaging direction at the moment....but I believe there could be more at play here and I am constantly brought back to the Banks, particularly those th...
2024-12-30 14:07:52 +0000 UTC View Post
This set up concerns me so much that I am considering reducing my position again by -20% to just 20% of my original position.
All indications are point to me that this is in a vulnerable position and the likely scenario is a strong pull back to the white fib levels as shown.
I have m...
Continues to mimic $BTC and it too is holding below its 50 Day MA right now and just slightly below the 0.5 White Fib, I would not consider this a rejection but it is something that holders should be paying attention to.
I think $MSTR is very vulnerable if $BTC confirms its ABC correction ...
PM is showing a lot of red this morning but as we know, always take the PM with a pinch of salt, it is not a clear reflection of how the market will proceed for the day.
Support and resistance levels play the dominant role on how the market will behave.
Right now for $NVDA we have r...
As far as ideal set ups go $JASMY is looking very good....but it needs to hold now, the current price level needs to hold here and the set up is there.
The price is just sitting on the 50 Day MA and the 0.618 fib at $0.032
This is also the perfect higher low if this level can hold no...
2024-12-30 10:59:15 +0000 UTC View Post
The market pull back on Friday was strong and halted $HIMS momentum, so we want to see Subwave 2 of this final Wave 5 completing next.
We can see that a retest of the 50 Day MA is likely next at $26.10, this is also in between the small green 0.618 - 0.78 Fib support levels, so this is wher...
2024-12-30 10:53:30 +0000 UTC View Post
$ETH is still holding above its White 0.38 Fib after bouncing on the 0.5 Fib
It is also holding above its green 0.618 Fib from the smaller pull back.
The concern here is still that the price is below the 50 Day MA, so recapturing this level next at $3515 will be a positive development...
2024-12-30 10:33:19 +0000 UTC View Post
Very nice set up and a positive start to the PM now.
I already have a position here since adding at the start of the month after breaking out of the larger wedge, so a hold now above $2.11 and I will add again.
50 Day MA is about to cross the 200 Day MA this week so this is a further ...
2024-12-30 10:29:23 +0000 UTC View Post
The upcoming week, December 30, 2024, to January 5, 2025, features several significant economic events and data releases, despite the holiday-shortened schedule. Here's an overview of key dates and reports to watch:
Monday, December 30:
Pending Home Sa...
2024-12-29 20:05:25 +0000 UTC View Post
In spite of the rollercoaster 2 weeks for the market, the charts have not changed and it makes my job very easy, as very little is needed to update and I can focus more on preparing us for 2025 and build on the Top 10 List.
The 50 Day MA was tested again on Friday and we covered this on th...
It was a bumpy week but the price action is not looking concerning on the chart (in the immediate short term) price retested the rising wedge bottom line on Friday and bounced.
Price hit $517 and finished at $522 and the 50 Day MA was not needed as a test on the 1 Fib as it did the previous...
2024-12-29 19:36:21 +0000 UTC View Post
$V's strength is in a world of its own right now and looks very solid and locked into a strong trend of making higher highs and higher lows and not needing any moving average is assist it as it moves higher.
This has helped us guide through the market but it is also telling us that the mark...
2024-12-29 19:22:40 +0000 UTC View Post
Firm rejection at the 1.618 Fib on Friday again which is good to see because we do not have a 3 wave pull back for this Wave 4 yet.
We want to see a lower low and break below the $414 level and then the $400 level to make this attractive to add at the 0.38 Fib at $354
Right now it st...
I am of course very happy to see this bending down this week and showing some weakness
Big tests coming up next at the 50 Day MA at $100 and rising wedge top line
Losing this level should put this in a good position to drop down to our Buy Zone at $84 and we can see the 200 Day MA is ...
2024-12-29 19:16:01 +0000 UTC View Post
I continue to like what I see here with a strong resistance and now a rejection at the 200 WMA, which is also our Wave 5 target.
I expect the price action to move down to our Buy Zone over the next few months and this should be an attractive add, especially if you can get this below $77. 2024-12-29 19:13:14 +0000 UTC View Post
We are just waiting for the 50 Day MA to be lost now to trigger more selling and push the price down to our Wave A target at the 0.38 Fib at $77.
Losing the 50 Day MA and rejecting and I will trim my position and add aggressively in the Buy Zone and the sooner this can happen the better, I...
A very clear rejection now at our Wave B level at the amber 0.78 Fib at $450 and the price dropped right down in between the 50 and 200 Day MA this week but held.
$GOOG was in this position last month until they announced the power of their Willow Chip....$MSFT needs to remind the market wh...
2024-12-29 19:02:18 +0000 UTC View Post
$GOOG aligned with $AMZN on Friday and managed to hold above its respective support level at $193.
It is also looking a lot stronger now compared to $MSFT too.
$GOOG could very easily announce more details of their Willow chip and the market would get excited here again and push this ...
2024-12-29 18:58:29 +0000 UTC View Post
I would expect $DIS to continue moving down, the set up is not looking bullish here nor has the 50 Day MA been tested yet.
I really like the price action since the blue line at $84, so I expect this solid movement to continue in this ABC pull back
For me, I would need to see at least ...
2024-12-29 18:55:56 +0000 UTC View Post
Bulls are slipping here slightly, the Market Sell off on Friday has spooked the markets and crypto so it was unlikely we would see a rally over the weekend because we don't know what way the market will open tomorrow, so the price here stayed flat.....but it is below the channel and 50 Day MA, th...
2024-12-29 18:54:01 +0000 UTC View Post
The bulls know the significance of holding above the 200 Day MA and have been doing a relatively good job of it since the middle of November, the HSI chart remains strong so this will relieve the pressure on the bulls and help them keep the price above the 200 Day MA but I need to see more streng...
2024-12-29 18:50:41 +0000 UTC View Post