thienlovv

thienlovv Updated 

Let's Debate. I'm just giving an idea. Doesn't mean that I am correct. Why the market bounced today. If you pay attention of top 2 stocks like Apple and Tesla. They all look oversold at the moment but is it? I notice Apple has a nice better form than SPY. Notice Apple just hit 1.382 extension. I see it has 5 waves and each wave has 3 subwaves inside. I think...

thienlovv

Stock market is one type of psychology game. Less than a casino. More like a sport. Introduction: Note that this is for more reading for entertaining than educational. It's just based on my observations. Hope you enjoy. I always wanted to improve myself and keep learning. I believe there is always a lesson on the market. You always want to listen to the market....

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I love trading these patterns. They are my favorites when I trade. Sometime it's difficult to spot because they need to complete the formation. Diagonals aka wedges, usually people are confused with continuation triangle and get squeezed. Has 2 types: leading and ending. Leading has 2 entry points. If it breaks the first entry, wait for second one to enter an...

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I used RSI a lot and in my opinion short squeeze unlikely happen because RSI fell below 70. If it held at 70, there is much more chance of a squeeze. Now only hope is to hold above 50 so the uptrend may continue. And need RSI to try above 70 again. If not, at best I think we could see $8 max. For a squeeze to happen we need these conditions: 1) Short squeeze...

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DXY seems very bullish and likely to break the channel and approach to resistance R1. If R1 couldn't hold it, R2 will be next. DXY is targeting $122 in next 2 years. SP500 could be bearish.

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Elliott Wave Quick Cheat Sheet Note that I post a quick guide for beginners. I was struggled as a beginner but thanks to my mentor. (I post a quick guide here as sometimes I need to peek as for my cheat sheet) By now we all have learned patterns like Head and Shoulders, Wedge, Triangle, Double top, Double bottom, Pennant (literally a triangle or diagonal),...

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I am thinking the market could end in a few weeks. We could see a better picture in September.

thienlovv Updated 

While NVIDIA got new lower low from July, I think $129 is the key level for NVIDIA to hold. Second is we need RSI to turn around so we can get a divergence. Third is we need to get above the order block and hold above it. This is only chance for bulls.

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I think the next key for Tesla is if when we get a pullback and hold $272-$276. We could get retest $310. This is for bull case.

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PayPal was super bullish because people were spending during pandemic. Now everyone is back to work and the stock crashed hard as long with tech stocks like Upstart and Affirm. Will the stock keep going down? Here is the resistance and support I think we should watch. If PayPal breaks support at $69, it will slide to $42 like butter.

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This will squeeze all of the mothers of bears if this plays out.

thienlovv

Depending on SPY. I think AMC could go $24 max by Christmas if SPY performs well.

thienlovv

This chart looks ugly to me. It's all corrective. Assume Elon didn't buy Twitter. I think it could be going down to $20 in 2023 along with SPY.

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In the past, Hertz and Luckin Coffee went down hard and rumors that they filed bankruptcy. But the stocks back up. Not sure if how Credit Suisse plays out but the chart tells me that we could have a bounce if the stock holds at $3. Somebody needs to bail out and save the company?

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This is my alternative count. My previous analysis was invalid because the bottom formation at 0.618 fib retracement. I thought it would go lower but I was wrong. In this case if the bottom at $3882 was in, I think the next the target could be $4500 in November. We have a midterm election this year. I would wait for a pull back and find an entry to go long.

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I think we may have a bigger correction before reaching its top. I think we would have its top near midterm election.

thienlovv Updated 

TNX 10 year yield ran too hot lately but will it cool down? I think we need to watch it at 3.9% if it has a retracement from there.

thienlovv

While DXY keeps dominating, other assets are falling. I think Big Money are accumulating at these levels. Keep an eye at $1580 and that could be the bottom. I don't think DXY and GOLD are a pair, but I think Big Money would hedge into Gold when they are done with liquidity assets. Long term target: $2200+