MikeMM

MikeMM Updated 

Sure tech can have another couple % up as the rotation is underway, but this chart looks quite convincing to me especially with the weekly bullish div on the macd. Then we have a bullish engulfing weekly candle... Atop of that, last week Cramer said this oil rally should be faded. Buffet has been buying oil (oxy) which is also an interesting play. Although he...

MikeMM Updated 

This will take years, if it is anything like prior cycles. During this time the stock market generally has a sideways motion (the indexes) (slightly higher highs and slightly lower lows over and over. it would then crash to 130 ish and settle out at 250 as the new paradigm. I am fascinated by oil, it seems like the adult bitcoin.

MikeMM Updated 

Theyre sniffing something out, anyway. were forming a bearish descending triangle... I suspect this breaks and brings us back to support. maybe lower.

MikeMM

Back to support I think... It was a good attempted breakout, maybe another time. I do think we reach a point of absolute scarcity due to lack of investment in a rising interest rate environment... Just putting on my tinfoil hat... it will be after the election.

MikeMM Updated 

Oil is mainstream newsworthy now, attracting all the spergs>> Invalidation would be simple, it breaks above the wedge. Target could be bottom of wedge, support highlighted green, or maybe even lower... but will go down that road if we are closer...

MikeMM Updated 

Id be a buyer down at those levels. I do think there's a coinflip chance we get it. so not shorting, but waiting in cash.

MikeMM Updated 

After failing to swing higher than the previous high, with every single bullish news event that could possibly happen, it really makes you wonder if it will even hold 30 bucks when it gets there... Ill take a shot at the double bottom, but I have severe doubts.

MikeMM Updated 

If we see a reaction at the completion, look out below. I dont think tech is going to go much longer without a pullback. The last few stragglers are fomoing in right now.

MikeMM Updated 

Rising wedge, weak bounce, 886 retrace? yes please.

MikeMM Updated 

The idea is that the bearish bat would be completed, and we would mark down to the take profits which are marked. Deliveries would cause the gap up. if there is no gap up then we have a potential gartley already completed.

MikeMM Updated 

Looking for big moves in energy. Natural gas looks fantastic. A key level from history has been defended, markup next?

MikeMM Updated 

It is hard to look at this chart and not take a position. I wish I saw it yesterday... We just sprung off major support.. Anyway, maybe we get a pullback, I will jump right in. Otherwise... I guess I missed out.

MikeMM Updated 

Looking for quite a large rally here, sure there are better plays IMO like First majestic silver, but this is a safer play. And I'm pretty sure if you're Canadian that you will get eligible dividends. Anyway, the chart speaks for itself.

MikeMM Updated 

This is the last shot at calling a top for this resilient infuriating stock. If this doesn't work, then I have no idea what will. Monthly MACD has Bear divergence, which can help the case here.

MikeMM Updated 

Looks like the bart is a real possibility here. This pattern is famous by now, you all know what it is.

MikeMM Updated 

Everyone who missed selling the top is now going to do so. This is their way out. Retest at the 886 is an eventuality IMO. I rode bottom to top, now top to bottom.

MikeMM

Looking for deep value again. Fib retrace is all you can throw onto this chart, since its an illogical mess.

MikeMM

Weve got a completed harmonic and a common retrace is in order. The 200 week moving average should act as somewhat a support, we may break through a little bit but thats normal.