abigreen

abigreen

Cannabis stock, Dept free company apparently. With reversal I would expect that it will finish Elliot wave with the 5th coming in next. My first target is 1.10 which is over 100%, so its ambitious, but very possible. It broke out of very long downtrend recently and with US changing its course on the sector, we may see great spike in the coming weeks,...

abigreen

It seams we completed 12345 waves and its time for ABC correction wave. CURA is in a strong uptrend and correction may be very small. One of the strongest names in cannabis sector with big potential for upside Important factor is that it broke 11.65 resistance after forming successful C&H. My entry would be around EMA 200 on hourly, which is around 11.60 and which...

abigreen

Short term bearish, long term bullish

abigreen Updated 

I think its only small pullback, max 5%, we are on the bottom of micro channel, but I get the feeling we'll brake it and open on Monday with 1% loss. Im bear at heart, and this bs has no end, and so I don't think this will extend to massive selloff. My target is around 353, but for that we need to brake 367 over the weekend. I am in VIX

abigreen

Well, shorting did not paid off for long time, but I think we are coming close to it. If SPY brake its long resistance line (red fat line), it will shoot up due to short covering, it may top at 400 in very short time. If it rejects, then short term shorting may be due. Strong pull back may happen at around Biden taking over.

abigreen

Weekly doesn't look hot, December Christmas meltdown or early Jan ? I think I know who may trigger that....

abigreen

We may have an attempt to brake downtrend at 279, if fails it will shoot down to 270 range. So first half a day I may scalp on the way up, then cash and wait.

abigreen

Since it didnt hold the fib 38 , I think we'll drop further to 16.60 area where daily uptrend is still in play.

abigreen Updated 

On one end Corona seams to be dragging the market down on the other elections are pushing it up. Pure gamble at this time, I am more bearish thought. Could end of elections be sale the news? Is relief package priced in ? Tried trading on 5min today, which was waste of time. I stay all cash, Until things get clear. Monday I expect big move Today as tradition we...

abigreen

Narrowing range, let see which way it will move next week. Whichever its going to be it will move fast. I think the way it will go is UP

abigreen

Looks like it. I think we'll top at 335 on Monday and fall to 328.

abigreen

Just a quick view on where I see SPY for the next 2 weeks

abigreen Updated 

I believe, ETH made double bottom on 1h and it has formed reverse H&S. Ideally we form C&H at the resistance and head higher from that

abigreen

Looks to me like abc correction was completed and as long support uptrend hold, we should start a new one.

abigreen

Back to school and work (if you still have one) can mark sale off signal. Most of the market is in red or flat, SPY fed pump and tech bubble is daily overbought significantly. First target is around 334 (20 SMA) next 320 past 50 EMA and final 200 EMA which should be around 310. November back to ATH is possible, bear market could start past elections. Just an idea.

abigreen

Its news based stock and with announced 70% dilution the stock is worth about .50 in my opinion. Chart shows similar pattern, I have buy order at .51 for starting position .

abigreen

Well, finally it dumped. The market FOMO was obvious sign, I entered yesterday SQQQ and regretted it as I should play VIX. Well, next time. Tomorrow should be green, I dont expect wave b to cross $207. When it does reach 207, back to shorting to wave C and then wait and see which way market wants to go. Most likely, with the help of feds, we'll start new bull...

abigreen

Ino again falling :). lost its short term uptrend and heading towards long term trend. The good news is : its still in the uptrend ! Buying will begin in around 10.40 zone, whee trend-line is. If that fails next support is at 9.60 Good luck ! PS Besides quick trades I don't hold position in INO