A number of people were looking for this yesterday and likely need reassurance that this is still moving in the right direction and we can see that it is.
$CELH impressively held above the 200 Day MA during the entire time that the market was in panic stations selling off at the end of March and the start of April, so I expect this MA to hold if there is a retest next t $33.
I belie...
2025-04-16 12:42:44 +0000 UTC View Post
I think $SHOP is struggling here because of the Tariff War, they make a lot of their money from small business selling products through $AMZN and a lot of these products are sourced in China and Asia, this is not all they do but it is a part of their revenue and an important part of their growth.
Price is also still under the 200 Day MA but like many of the bounces we are seeing so far, i...
2025-04-16 12:40:01 +0000 UTC View Post
Silver continue to push higher and recovery very strong, showing how great that opportunity was 2 weeks ago when it pulled back to $28.
Price is now back above the blue support line, the 200 Day MA and the 50 Day MA.
And routing towards the First Target again, we will also need to see a higher low here next too, so I have added the pull back levels from the First Target level at $33...
2025-04-16 11:05:58 +0000 UTC View Post
$AMD's bounce is slightly different to that of $NVDA, it bounced in 1 wave and has not made a higher high yet, so the pull back now we are looking at may be Subwave 2, so I have added in the small green fib levels to show where a higher low can come next.
$AMD has definitely been dragged into $NVDA's sanction in spite of not being involved, in fact, one would argue that this could be bull...
2025-04-16 11:02:59 +0000 UTC View Post
$NVDA chart is similar to what I have just explained on the $SPY chart.
Price is down -5.5% in the PM now too, in $NVDA's case, a break below $94 and the Wave B bounce breaks down and a lower low would likely be made next, I would still have this in Wave A however, it would be very fast to call this 3 wave bounce so far a Wave B but we will watch it closely.
Either way, if this pric...
2025-04-16 09:47:54 +0000 UTC View Post
This is the same chart I shared last and we have been expecting a higher high next to complete Subwave 5 next at the 200 MA on the 1hr....and then pull back to complete an ABC pull back to a higher low at $510.
Trumps announcement towards $NVDA yesterday evening is a concern, they have banned $NVDA selling H20 Chips top China, which means $NVDA expect to take a charge of $5 Billion for th...
2025-04-16 09:44:46 +0000 UTC View Post
Since we have looked at a lot of deep value positions today and lately, it is only right that we share the $EL chart once more.
It has made it all the way down to the $50 level which we have highlighted as a downside risk for some time now and it is the final Fib support level, losing this level and there is a rotten drop down to the 2009 GFC low at $9.
So far the price has bounced ...
2025-04-15 20:02:22 +0000 UTC View Post
A lot of people looking for this chart and I haven't looked at it for some time so when I brought it up I am kind of surprised why so many people wanted an updated when there is clearly no need for an update, there are no changes here
Price is testing the 0.78 Fib now at $52 and like $EL, it has been beaten down and had a very harsh ABC correction over the last 12 months.
Harsh in t...
2025-04-15 19:57:10 +0000 UTC View Post
$GOOG has bounced up to the 200 MA on the 1hr chart, in an overlapping 5 wave bounce
And has started its pull back today, so I have added in the green fib support levels to show where a higher low can come in next.
I believe $GOOG is still at least in Wave B now so I do expect a higher low to hold.
There has been a death cross on this chart too over the last week on the daily ...
2025-04-15 19:43:54 +0000 UTC View Post
Tariff War has taken its toll here on $LULU and the price has pulled back for a double bottom test so far.
This is an ABC correction for us and typically Wave C makes a lower low below the bottom of Wave A, so we can not rule out this happening right now.
$LULU's fundamentals are still strong but the obvious concern here will be how heavy the war will play out on their bottom line.<...
2025-04-15 14:52:12 +0000 UTC View Post
$AAL fundamentals and balance sheet are not as strong as $DAL and $UAL and that is why the price is down to its 2008 level now.
That being said, the pull back since 2018 has been harsh and unforgiving.
Price has tested the last Fib support level at $8 twice now, once in 2020 and this year.
I believe there is value on the table here once we see strength again.
I do hold a...
2025-04-15 14:26:44 +0000 UTC View Post
Illustration showing how a 3 Wave pull back for Wave A can still complete as an ABC correction overall.
So far the $SPY has pulled back in 3 waves, this much is clear.
Leading many to believe that a higher high can be made next and the pull back to $481 was Primary Wave 4 (Contrarian View)
But a Regular Flat Correction is common and it does catch many people out.
This is...
2025-04-15 12:27:11 +0000 UTC View Post
Sharing this again because we do have members in this group who believe we are in this count and I am not going to dispute them on this because I can see their reasoning.....the main difference between the two views is where Wave 1 started....many believe that the charts reset after the 2020 Covid Crash and many believe that this is one large cycle which began since the 2009 low after the Great...
2025-04-15 11:36:51 +0000 UTC View Post
I am sharing a lot of deep value positions this morning because we need to remember what we are here for
We are long term investors and should be taking advantage of strong companies that are completing their economic cycle and offering value again with a margin of safety and there are a lot of them right now.
We know that $KO has been performing very well during this market sell off this year and we choose $KO instead of $PEP when we put together the Top 10 list for 2025 to weather a market storm.
But now that $PEP has pulled back to the 0.618 Fib at $138 and has held so far, this is now offering an opportunity for those who feel they missed getting in on $KO at the start of the year.
Th...
2025-04-15 11:23:23 +0000 UTC View Post
$LVMHF is also deep in Wave C territory and is still searching to confirm support, with the price action battling on the 0.5 Fib at $573 now for support.
The price action is also in a bullish descending wedge which is on a lot of charts right now and some we have covered this morning.
The downside risk here is the obvious breakdown out of the wedge and testing the 0.618 Fib at $471....
2025-04-15 11:07:07 +0000 UTC View Post
$TGT for me is starting to move into that territory that it is too difficult to ignore at this price.
It is now deep into Cycle Wave C territory where this entire structure originated at the GFC low in 2009.
Price action is also in between the 0.618 and 0.78 Fib which means the price action pulled back even more so than the standard pull back level....offering more value.
Fund...
2025-04-15 10:55:57 +0000 UTC View Post
$ACHR is still in a good position here in this descending wedge and keeping with the dimensions nicely.
Price has held above the 200 Day MA and bounced on this MA too
Price is also back above the 0.618 Fib now too and testing the upper resistance level of the wedge at $7.50.
Breaking out of this wedge and holding and we have signal of a reversal but a rejection at this level a...
2025-04-15 10:48:21 +0000 UTC View Post
Observation found today on the Monthly chart with the MACD indicator.
$SPY chart has not changed in 9 months.
The Monthly MACD is showing a big concern here.
The last time there was a cross like this was in March '22 and the price declined until October '22. 2025-04-15 10:31:22 +0000 UTC View Post
$HIMS have announced this morning that they will report their Earnings on the 5th of May after the Market closes.
Yesterday was another comfortable day with solid price action and strength.
Price continues to hold above the 200 Day MA and the blue support line.
The RSI and MACD indicators are also starting to curl upwards too together which further confirms the strength of thi...
2025-04-15 10:22:58 +0000 UTC View Post
$BTC is above its 50 Day MA and routing to its 200 Day MA now at $87.6k, this is also the bullish channels breakout level too.
However, the bounce from $74k to $87.6k is only 1 Wave for me and a pull back after testing the 200 Day MA makes the most sense for me next, so I have added in the smaller white fib levels to show where a higher low can retest to....and I particularly like how the...
2025-04-15 10:07:44 +0000 UTC View Post
$MOS is once again back at the channel top line at $26.80 but this time the 50 and 200 Day MA are at this top line too, making this a strong confluence level
The good news is that if the bulls can flip this level to support and hold above $27 then this is a strong signal that a reversal is on and this could move very well to the upside, with the next targets at $28.36 and $32.
If we...
2025-04-14 19:55:05 +0000 UTC View Post
The bounce since $481 has been complex, the waves are overlapping which is more aligned with being a corrective bounce but since it can also be the start of a new impulse wave, waves are allowed to overlap and this is known as a leading diagonal.
This adds to the complexity of calling this bounce Primary Wave 5 or Wave B, nobody can confirm this right now, it is simply not possible, any ...
2025-04-14 19:43:25 +0000 UTC View Post
Back to 30 now on the amber line
Market is showing some calm and optimism that a deal can be made
Also showing that the market is getting either a little numb to all the chatter of tariffs and confidence that the place has not collapsed yet.
But we know that a Wave B bounce at the very least is due and smart money knows this too, so they are taking on some risk for this boun...
Yes it got caught up in the Tariff mess in spite of having very little to any exposure to tariffs or the US.
Price fell to $73 and has already recovered back to the 0.78 Fib at $84.
And still in the channel, I believe we can move back up to the 50 WMA and make another attempt at breaking above the channel at $94 next.
I am still holding my position and have had no issue doing ...
2025-04-14 14:08:50 +0000 UTC View Post
If you added at the standard support level on the 0.618 Fib and the 50 WMA at $30, then you were on the ball here.
This was a strong confluence level and looks very good now that Primary Wave 2 is complete.
Therefore the Primary Wave 3 target can now be found at the 1.618 Fib at $127.
Again, you are still very early if you missed the hold on the confluence level.
2025-04-14 13:04:34 +0000 UTC View Post
$ASML and $AMD are just about identical right now.
Both below their 200 WMA and holding in between their 0.618 - 0.78 Fib range.
They have also not been following the market to ATH's in 2025 either.
I believe exposure to either $AMD, $ASML and $DELL at this point is a balance risk v reward approach that favours the reward side for long term.
My chart has not changed and ...
2025-04-14 12:40:42 +0000 UTC View Post
This is certainly a high risk play but $JBLU as it is touching on its 2009 GFC low level at $3's.
A brand as strong as $JBLU at this level is quite remarkable, yes there has been weak management over the last few years and their acquisition of Spirit has knocked them back but I think their assets and price of slots that they own at JFK and Logan airport far outweigh their market cap right...
2025-04-14 12:28:22 +0000 UTC View Post
Who would have thought that a cult following energy drinks company was one of the best hedges against the market over the last month.
But it had pulled back deep to its 0.78 Fib in Feb, so its ABC correction was likely complete.
So it did not follow the market and moving very controlled now up to our Wave 3 target at $46.
No changes.
2025-04-14 12:18:06 +0000 UTC View Post
The $DELL chart is as standard as they come.
5 waves up, 3 waves down and holding on the 0.618 Fin at $76.
The clear message right now: You are still early
And still early with $AMD and $ASML too.
A higher low next here and retesting the 0.618 Fib at $76 over the next week and holding and you have you entry point to add.
After every ABC correction is complete, we e...
2025-04-14 12:14:18 +0000 UTC View Post