aparkon

aparkon Updated 

Hi all, The market is driven by FOMO, a lot of retail money is being injected to several hyped stocks, AMC is one of them. AMC is totally going against the market sentiment (S&P) and will be back to where it was. There are few technical reasonings why AMC is good short or option play for today-tomorrow.. 1. Price is going up while volume is decreasing, which...

aparkon Updated 

Hi all, Poor baby is abandoned yesterday. Strong bullish signal...we have to watch two more things for the bullish confirmation. 1. NIO has to successfully defend SL1 when it re-test. If not, it will most likely go sideways or re-test SL2 / 50 SMA. 2. NIO consolidates between $43-$44 area creating Doji candle, we will see green candle day after. The...

aparkon

Hi all, We are at the end of the bull market, expansion cycle, whatever you name it, we are at near end. I know a lot of people on the Tradingview are awaiting the moment to short the market, and this may be it. People in the future may call this year's Christmas as red Christmas ...like Black Monday at 87. I really hope this zombie economy/market gets...

aparkon

Hi All, TSLA is currently forming a triangle wedge pattern. It's best to wait until the wedge breaks, but if you are impatient, I would short TSLA. TSLA has formed H/S pattern, with QQQ forming a triple top, I see there's more possibility the stock will retrace back to $320 level.

aparkon

Hi All, Tomorrow will be a very interesting market. We got strong hammer candle on VIX/full bearish red candle on the SPY. The interpretation of the two candlesticks is simple. A lot of buying activity is happened on UVXY price around 12, thanks to @jgm0706 who called $12 as a bottom months ago. On the other side, SPY, we have a full red candle...

aparkon

Hi all, Hope you all playing well in this volatile, abnormal, and preposterous market. UVIX and SPY are currently at possible reversal. UVIX: currently at demand area. 14.40 - 14.60 area is strong demand zone, we may see a reversal from here as SPY is also at a possible reversal area. Make sure to place SL below $14.30, we may see $12 if this area...

aparkon

Technical reasoning Elliot completed the cycle, from 0-5 and A-B-C. It Failed to move higher than 5, last high of the complete Elliot cycle. RS1 acted as the trendline, (5) was a false breakout. Fundamental risks Housing risk - In March 2021, government-mandated forbearance periods for millions of mortgages will end. No further assistance is proposed as of...

aparkon Updated 

Hi all, SPY has reached the upper downtrend band and most likely reverse its trend from here. UVXY has been holding green buy area strong even if SPY was rocketing recently. I believe long-waited UVXY will pop pretty soon, TP area is shown in the chart. Good luck all!

aparkon

Hi all, Possible cup and handle bullish pattern. Wait until UBER breaks RS1, and RS 1 becomes support.

aparkon Updated 

Hi all, Silver reached TP area yesterday and just broke uptrend line. Short-term trend reversal is expected. It will retest RS1 few times, exected to retrace to take profit area in the chart.

aparkon Updated 

Hi all, Silver finally found the bottom at 21 areas. Will see a short-term reversal from here. Wait for the pullback, enter around 22.30 area, Conservative and aggressive TPs are shown. Good luck!

aparkon Updated 

Possible bullish confirmation is seen, TP @ .5 fib level

aparkon Updated 

Today I've noticed two bullish confirmation which gives a high probability of trend reversal. 1. Hammer candle - This shows buyers start to take control over shorts, confirms 19 areas successfully acted as support. 2. Green volume picked up - buyers are increasing, another confirmation that many traders believe 19 is bottom. We may see a reversal...

aparkon Updated 

VIX is forward-looking data that tracks the premium of S&P 500 index options which expires in the European way. It does not necessarily move the opposite direction of the S&P, but it historically mirrored the movement of the S&P. Looking at SPY, in the 1-hr chart, it's trending down, lower highs and lower lows. 50-SMA acted as resistance at the last lower...

aparkon Updated 

TSLA enjoyed run fueled by Robbinhooders and Vision fund, but the glory days will be doomed. I believe the gap between fundamental and the price will be reduced this time, by around 50% decline at the current price level. If RS 1 acts as resistance on Tuesday market open, we may be able to take it as a confirmation to the downside. Possible price target...

aparkon Updated 

Possible GBP long, Demand zone is acting as support (not confirmed yet). we may see short term reversal If Cable hold this area.

aparkon Updated 

Possible SPCE long set up.

aparkon Updated 

The candle sits on 8/21/50 SMA, typical bullish pattern.