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AAPL has turbulence incoming - path is intactAs Bart would say, yo, what's up dudes? So, like, if you're checkin' out the AAPL stock right now, it's lookin' pretty gnarly. It seems like it's gonna go down more, but the real question is if we're gonna hit the top of the channel or not. Personally, I think we're gonna hit the median of the channel and then bounce from there. But, you know, you gotta be super careful right now 'cause futures just rolled and who knows what kinda turbulence that's gonna bring. So, keep an eye out and don't have a cow, man. Look at the wave master indicator. significant sell signal with ALL. FOUR. WAVES. in overbought right now. If AAPL breaks the median, then we've got one heck of a drop coming. The last time the waves looked like this? January 3, 2022 near ALL TIME HIGH .
NASDAQ:AAPLShort
by bitdoctor
Gallivanting-Barmey Annulment I have been absent from this coin for quite some time. Recently, I have entered the basket. I have seen a number of you Posting a codswallop of information, stating that this coin may return to the .035 threshold. As you can observe, we have a promising future here shortly. While indeed bitcoin has been dodgy, we were able to make a few quit this week nonetheless. This coin here has more promise than these newer filch coins. The quid forward. Cheers and good health to you all.
GEMINI:AMPUSDLong
by Captainroc333
3
May finally be time to get short CMGCMG has had a helluva run, but I am of the opinion that it is reaching the top of it's 3rd Wave up, sitting right at the 1.618 fib extension of Wave 1. Also very near current channel resistance trend line, which adds to the short idea. Personally I look for the pullback to drag CMG back down to the low 600's, around 615-620 area most likely. Crazy as it may sound however, I really do think this is only the 3rd wave up, and expect to see a 5th Wave extension, in this case quite possibly taking CMG all the way up to what some would say is the astronomical price range of low 1300's. Rough sketch of candle path on chart. In any event, I am looking for CMG to run out of gas very near current price area, and will be initiating a short position very soon, most likely before the end of next week. Stochastic has also been coiling very smoothly near its top range, and I look for a breakout to the downside to very nearly coincide with stock price decline. Happy hunting, and GLTA!!
NYSE:CMGShort
by UnknownUnicorn1314136
3
AMZN - The uptrend is deadAs you can see from the chart, the entirety of the move from above 1200 (I would even argue above 800) was absurd. The new trend is, and continues to be DOWN. I expect it will continue down until at least 1000. It will be re-evaluate there to see if it will remain in the decade-long positive trend, or if it will be more in line with the 20 year trend (target in that case will be ~500). Anyone who remains long will need to explain how AMZN will top 2100. I'm not saying it's impossible, but I just don't see any catalyst for topping 2100, and I therefore expect 2100 to be the long-term top. The only open question I see is how steep the downward trend will be. We can easily see some sideways action (if the markets remain positive and no negative news) between 1310 and 1740, OR we can see a steep drop (lots of catalysts out there too, the trade wars, regulations, the Justice Department splitting them up, etc). Tread carefully.
NASDAQ:AMZNShort
by lorenzocos
SPX500 bearish indicators on weekly chartWhile there has been some bullish sentiment regarding the 50ma crossing up above the 100ma on the daily chart this past week, on the weekly chart we see the 50 crossing setting up to cross downward over the 100. The last time this happened was 6/23/08. The saving grace of this chart is that it seems the price has moved up above the bearish channel it was previously in (in yellow on the chart), but not by enough to make me think it will stay there. There are some other things to consider. Volume is diminishing (red arrow), while price is advancing upward at a rate that is unreasonable to expect to last for very long. This is an indication that buyers and sellers are diminishing (trade volume). This could be an indication that there are those waiting to sell because they are hesitant to pull the trigger until they can claim the highest profit possible, so the price action moves upward still with a smaller number of bullish investors buying despite the warning signs. Without volume to confirm the price action this is considered weak market movement, whatever the reason actually is. Investors willing to buy are trailing off despite vastly outnumbering the sellers. I believe a sell-off is inevitable. Such a spike in price begs for people to take profit at some point. No economy, especially not one that seems to have so many economists and the IMF preparing for the worst, can sustain that level of growth. There is bearish divergence in the MACD. For those unfamiliar with the MACD indicator, it indicates bullish (convergence) and bearish (divergence) price movement. On the MACD indicator you can see the divergence setting in. As far as what this might mean, there are three scenarios I see as probable. The pink arrow pointing downward is likely. A pullback will happen and there are three different levels I see as likely it to be stopped. First is the the red dotted line. This is a continuance of the most optimistic trend of Obama's economy. It can be followed back along confirmation points to the lowest point of our current president's run in early March 2009. Not many people talk about this trendline as a major point of support, but there are plenty of confirmation points to allow one to regard it as such. The black arrow points to an approximate point for the pullback to end (if it does). I placed the pink arrow indicating a more severe approximate pullback point. This blue trendline started back at that same beginning in 2009, but it only has a few confirmation points. It’s not a line that indicates a huge level of support. It would be far better if price action reversed before getting anywhere near this trendline. The last line of support is the orange line below the blue one. There is only one other confirmation point along this line dating back to 2009 along this trendline. That is to say that this is the weakest line of support of the three. Taking into account the fact that the price war over oil rages on, China's growth is slowing, new home sales in the US are at a 12 month low, and the IMF is forecasting a dramatic slow-down in the growth of the world economy, the situation is precarious to say the very least. The current S+P rally started on oil production freeze rumors, but persists despite oil production fact. There are fundamental and technical reasons to fear this market.
FX:SPX500Short
by Incogniteaux