Profit-Taking As Micro Signals Move to Sell

Our micro1 signal went to sell early in the week and we booked our QLD longs for 6.
by Princely Mathew - 1 day ago

Looking Lower Before Nasdaq Bottom

With the hold of resistance and break back lower, my base case is that we are in the wave (ii) per the yellow path that I have been discussing for several days on the Nasdaq 100 (NDX) and Nasdaq Futures (NQ).
by Mike Golembesky - 3 days ago

Nightly Crypto Report: B-B-B Breakdown!

Here is our analysis on Bitcoin, Ether, GBTC and ETHBTC for short-term traders.
by Ryan Wilday - 4 days ago

Setting Up Another ATH Closing Print For Monthly Candle

The current holiday/shortened week will likely be focused on stabilizing in a high-level consolidation the gains made from last week as we head into this Friday’s monthly OPEX closing print.
by Ricky Wen - 5 days ago

World Markets: Potential for Local Tops

The DAX Performance Index and Euro STOXX 50 continued higher last week, as did the FTSE 100 until Friday's rollover, but I still see odds in favor of at least a near-term pullback.
by Garrett Patten - 1 week ago

Eyeing Top in DXY

Below 98.85 in the U.S. Dollar Index (DXY) would be a strong signal maintaining the top is in place.
by Arkady Yakhnis - 1 week ago

SPY At Top End of Trading Range

The Bayesian Timing System (BTS) still indicates we are in a trading range between the 310s and 330s on the SPDR S&P 500 ETF (SPY) for several more weeks, and we presently find ourselves near the top end of this range now.
by Luke Miller - 1 week ago

Charts of the Day: LYFT, TEVA, BBBY & More

Our Stock Waves Charts of the Day video features wave analysis on Lyft, Inc. (LYFT), Teva Pharmaceutical Industries Limited (TEVA), Bed Bath & Beyond Inc. (BBBY), Insperity, Inc. (NSP) and SunPower Corporation (SPWR).
by Zac Mannes - 1 week ago

Market Holds Support and Pushes Higher

After holding support overnight, the market pushed higher today and looks to be attempting to make another break over the previous highs for wave v up off of the January 31st low.
by Mike Golembesky - 2 weeks ago

Bullish Ahead of WWW: Wed of Week Before Options Exp Week

Most of our models are on buys now, even with the weakness we saw on Friday.
by Princely Mathew - 2 weeks ago

Short-term View on Bitcoin, Ether, GBTC and ETHBTC

Right now, I only have a setup to get us to $10,200 in Bitcoin, and it may be in progress as we speak.
by Ryan Wilday - 2 weeks ago

Surprise Surprise, New ATHs Fulfilled

The week’s low of 3322 on the Emini S&P 500 (ES) is still being treated as in since Monday.
by Ricky Wen - 2 weeks ago

Weak Internals to SPY Bounce

As the SPDR S&P 500 ETF (SPY) has bounced to the highest resistance band near 332, the probabilities have continued to indicate this bounce has weak internals and a trip back down to 315-320 continues to be the most likely outcome over the next 1-2 weeks.
by Luke Miller - 2 weeks ago

Where Fundamentals Meet Technicals: Be Careful with TSLA

If you've been a Tesla long during this run-up, it would be a good time to re-asses your portfolio's diversification and risk tolerance.
by Lyn Alden Schwartzer - 2 weeks ago

Metals Are Getting VERY Close

I think we may finally see fireworks in the metals over the coming weeks.
by Avi Gilburt - 2 weeks ago

Topping Pattern for Nasdaq

I would prefer to see this hold under the 9411 level if we are indeed topping in the expanded wave (b) count.
by Mike Golembesky - 2 weeks ago

Awaiting Rebound Rally

We should have some more bearish action ahead of us this coming week, but I think we should begin looking for bottoming signs very soon, at least for a rebound rally.
by Princely Mathew - 3 weeks ago

What Got Into GBTC?

An understanding of Elliott Wave theory explains why I wanted to see GBTC top and get a deep pullback before it hits $10.
by Ryan Wilday - 3 weeks ago

Completing The b-Wave

Last week the SPX topped 23 cents below our ideal 3338 target, completing wave (3) up, and then hit a low this week within 8 points of our 3225 target for the a wave of (4) down.
by Avi Gilburt - 3 weeks ago

SPX Holds Symmetry Support

Typically, if we do hold symmetry support, the target is the 1.272 extension, which would be 3365 on the S&P 500 (SPX). However, I still want you to be prepared for possible failure somewhere underneath the last high.
by Carolyn Boroden - 3 weeks ago

World Markets: Eyeing Corrective Pullbacks in DAX, FTSE & Others

In the DAX, we still need to see price break below the 13360 signal support to suggest that a local top has been struck and price is beginning a corrective pullback.
by Garrett Patten - 4 weeks ago

Sector Watch: Financials - XLF, JPM, BRK.B, BAC, & More

In this webinar we looked at the Financial SPDRs (XLF) and many of the largest components.
by Zac Mannes - 1 month ago

Resistance Repels Bulls

The bulls did not have enough juice to close above 3337 on the Emini S&P 500 (ES) for the closing print and the mythical creatures/bears got what they wanted for just a single day by closing around the lows of the day.
by Ricky Wen - 1 month ago

Still Over Support But Warning Signs Are Flashing

While we still have several levels of support to break across the board, we are starting to see some cracks in this market which is certainly making me cautious up here at these extended price levels.
by Mike Golembesky - 1 month ago

Indicators Remain Bullish, But...

I like the coming week for a turn/pullback to begin. However, price is the ultimate decider and we have to respect it as it continues to grind higher.
by Princely Mathew - 1 month ago