ChartMeNot

ChartMeNot

Well NVDA has exceeded the 120 PoC from the last year, and other than the head and shoulders developing it looks rather bullish above that 120. But I would sell 140, or at least not buy. And if I'm buying I'd probably wait for 112. Think I will wait forever? 😂 Will update after we get some more data.

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This whole year has been sort of a fractal for 2020 through 2022 for AAPL. Kind of crazy if you look at it. Lots of 5 wave falling wedges this year, and actually 2022 was one big falling wedge, sort of. Expecting one more drop and then it's bull market back on. Can't believe I'm saying that but that's what the charts say.

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This is the most extreme US Treasury bond ETF. Basically pay some amount and get back face value in 25 years. Inflation would kill these, whereas deflation and falling interest rates will send this to the moon. Interestingly this pays a dividend in line with other bonds, I looked it up and it looks like the fund has to do this for tax purposes, but the underlying...

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See previous idea looking for bottom. I have not invested very much and got out when it was clear the downtrend was not holding. Also did not pay attention to this coming back last couple weeks. Up 4x from the bottom. Anyway looking at this again.

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See the similar harmonics at the last top. Just want to wait for price to hit the POC. Could overshoot a bit though.

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As you can see the SPX has closed the week at the 0.786 retracement of the entire move down from 2021 to 2022. This may be a point of support or it may be a fakeout, see the Schiff pitchfork and previous August high, which turned out to be a bear market rally.

ChartMeNot

As you can see, the Euro traded down to the 1.618 extension of the move up from 2020 low to 2021 high, and then from there traded exactly to the 0.618 retracement of the move down. The pitchfork from 2018 also confirmed both points.

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As pictured. This is also a possible double bottom.

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Just marking up this chart with some divergences between the price of gold and the XAU index. I was surprised to see that the ATH of this index was one year ago and it's still within the .618 retracement. Bearish.

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This is an idea for this stock bottoming in January and already pulled back, and about to start a wave 3 of 3 of 1st primary wave. Note that I am new to EWT and have not really looked into whether this fits into the model. It's just drawing some lines on the chart. With that said, look at the nice volume recently.

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The market has very low inflation expectations. This is a chart of 15 year TIPS over bonds of the same duration, and it's still in a downtrend. As soon as downtrend reverses, it's probably a good idea to go long commodities. (I'm sure there are better ways to chart this, but this is what I came up with)

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30-year bonds are yielding 3.2%, this is not a bad value if the Fed cuts long term growth, that's why everyone is parking their money here at this level. Now, if they pivot and we enter "stagflation", run away. Buying TMF (3x TLT) at this level NFA DYODD

ChartMeNot

Bull case: Gartley pattern, 786 - 886 retrace, AB=CD Everyone's bearish TSLA still holding up, yeah that's the ticket. Bitcoin holding 18k, yeah totally DXY overbought, bearish divergence (see below) Bear case: Broken trendline from covid lows through June lows End of quarter forced selling by funds Rosh Hashana apparently a big selling time S&P closed 3789...

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UPST is a story stock (AI, disruptive) with unfortunate macro headwinds. If the tech turns out not to be smoke and mirrors, it could be really disruptive. Possible buyout target, but unfortunately nobody wants to throw around 4 billion these days. Except Elon, LOL! No position yet. Already lost money on this and trying not to have "stock-holm" syndrome.

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This has been beaten down long enough. I'm assuming there is some tax loss harvesting going on end of year. There are waves and harmonics going on here, looks like a good support level. Trying to pick up these shares for 160. Let's see if I get filled.

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Gotta say this is tempting. So is proof of stake possible to compete with PoW? Economically I understand this just makes the existing holders constantly wealthier. Also there are pre-sales, etc. So, kind of a scam. On the other hand, the tech is pretty cool and transaction fees super-low. So this seems pretty competitive. Drew like 3 pitchforks on this chart,...

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This trend line is crazy. T-notes just bounced off it a few days ago. If it breaks the bear market is confirmed.

ChartMeNot

I will wait for confirmation before investing in this company. In fact, earnings are end of month. So we'll look for a good entry, either a breakout of this wedge or retesting the bottom. We'll see.