CPI data tomorrow will crash Crude tomorrow and keep it going on a downward spiral.
Double top has formed, SPY still has not realized the recession fears. Crude crashed from recession fears I believe SPY is next on the chopping block.
If you follow bear flag trend you notice that crude has followed in its path of it going lower.
QE 6, Trump will China's feet and we will have one of the best stock results for end of year. Highly probable of getting to low 300's by mid Oct.
The Indicy has already burned through all its resources to keep it propelled up near its all time high of over 26,000 points. Keep in mind that this market has recovered all those losses of those 4,000 points in the time span of 2 months. This index will crash and burn without mercy after being manipulated. We have a perfect example of what is to come. Early...
3rd large H&S forming for AMZN. The 3rd Head and Shoulders seems to be an ugly one that will set the stage for AMZN in the coming months. AMZN DOES NOT HAVE SUPPORT IN THE $1600S! So with that being said we are still on a thin line until we reach $1700. We will be safe once we reach $1700 but with slow economic growth this year this support will only be temporary....
3rd Head and Shoulders forming for MA and will surely come down hard to 180 target and might retest lows of 175s again. Credit section will fall this year and looking at financial banks to be caught on the slowdown since the economy will plateau and cause panic for financial markets. Next on my list is JPM and V stay tuned!
Mirror Image of last H&S that played out, this new one will should follow through perfectly as the last one.
Inverted H&S gives us the green light on AAPL showing strong signs of its comeback. XI and Trump are going to have to make amends since they had to be put on the spot at the G20 conference and global leaders are urging them to stop this global trade issue which can hurt the future of the economy. All these news of tariffs being stopped will give AAPL the...
25,000 support level lost. There's a small gap from here on out which will nose dive us to 23,000 for support again. There has been TWO Head and Shoulders which have perfectly formed in the past 3 months and have caused downturns as expected. The newest of the TWO Head and Shoulders has finished forming a week ago and I believe it's halfway from being finished...
Verizon has already has undergone its Head and Shoulder correction from $59.50 to $58 but what scares me is that its still trading under its 1st support level. Verizon might retest $58.00 price next week but if we go under there's a big gap down to $55. Lots of reward potential If you can call the right option on it. Puts at $55 looks tempting and rewarding. $55...
$108 price for MSFT was always a strong support level but it just caved in. $106 is not optimal for MSFT, It was only good in October because that was a new bottom for MSFT at the time but we have a newer low now which is $103 which I expect to see in the coming week(s). If no bounce with the new bottom of $103 next support will be $98.
We still haven't hit the bottom. February flash backs are coming back.
$19 support has been breached twice already. I expect heavy down turn and possibly revisiting $15 if $19 support is broken. AMD is in bear territory.
Noticed a trend with TWTR recently, It hates head and shoulders patterns. The 3 examples (last one being my prediction) show that with every Head and Shoulders formation Twitter always seems to have a price correction. Usually Head and shoulders is a good bull sign for a stock to move up in price but it isn't the case with Twitter, in fact its quite the opposite....
I'v been 3 for 3 with my Walmart calls/price predictions and gotten a pretty penny with my Walmart calls in the past few months. And I understand the movements of this stock like 2nd nature. My guess is that Walmart crushes earnings again for the 2nd time and makes the stock move up to $105 or its ATH again of $109. regardless this stock isn't going down just YET!...