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Willn12416

SPX - SPYWhats up traders - Remember, on the bright side, a bear market is just a bull market turned upside down. Get ready to stand on your heads. I have long predicted that the SPX was destined to touch the 200W MA since we broke below the 50W. See my previous charts for verification of this. Now that i have patted myself on my own rump and acknowledged that my soothsaying has proved correct: On one hand, i would venture to say that a dump of this magnitude and speed, should spring back. . . However, we will have to wait until a few weeks in January to see what the traders really want to do. . End of Year Low Volume is in full effect. Treat Trends Lightly during this time. End of Year positions will be closed - as they may be being held open ONLY for tax implications . . which come January 1st will no longer be justifiable. IN short, i expect we may be have a burst upwards, but break back down . . I hope that the 200W MA remains a solid support line moving in to 2019, but we will have to wait and see on that one. A break in one direction or the other (yellow Channel Lines) would make room for a daily scalp IMO. PS. . . Im returning from a 3 day vacation (banning)
AMEX:SPY
by WillNixTrading
SPY - I spy, with my little eyeBullish action on low volume... Whats up Traders - Technical - Middle Term (We are in a Bear Flag) Shorter Term (We are in a Rising Wedge) Volume has been low on the breakouts . . we expect sellers to join the party Fundamental - Powell gave us a shot of adrenaline last week, as well as the NFP report. However, real problems still exist in the macro economy Slowing Global Markets Trade issues Companies Lowering Guidance Apple Lowered, we expect others will follow in suit. Best of luck traders
AMEX:SPYShort
by WillNixTrading
SPY (Fine Line Between Love and Hate)Whats up Traders Total Breakdown . . . December is slow and low volume, and the bulls just are there to prop up this fizzling market right now. I think our next major stops are: 255 SPY and / or FOMC news release on December 19 If the fed maintains their hawkish stance, be ready for MORE PAIN.if they even hint at dovishness, be ready for a rocket to the MOON. Dont gamble on the move, trade the news bounce!!!! Message me if you have questions.
AMEX:SPY
by WillNixTrading
4
SPX - ObservationsWhats up Traders - Just looking at the charts for previous signals and potential future signals. We see that in the last few weeks, day traders could have acted on two very common trading signals - - Hanging Man - Hammer pattern Both of these signals formed and were confirmed, and would have led to winning trades. Now that we are back to the resistance line of the descending triangle, we are hoping to see a DOJI on the daily bar for 11/29/18. With a down day on 11/30/18, we would view this as a bearish signal and likely enter a short trade. Anyway, hope this chart spurs some thought. Let us know if you have any questions.
SP:SPX
by WillNixTrading
NIO - The little (car) engine that couldWhats up Traders - As some of you know we love NIO. We are investors in this company, not traders.. With that said, there is a potential trade opportunity developing in the stock. Technical's - Cup and Handle Pattern - you could argue this is the 2nd cup and handle pattern forming, with the first one failing - or - you could argue this is all part of 1 large cup and handle pattern. Makes no difference. The price action is looking bullish in the short term. Look for breakouts (or breakdowns) in the coming days. Fundamentals - This company makes electric cars, based in China. One of their missions is to develop a community / cult following (just like TESLA) Click Here to visit NIO webpage. The company is not profitable yet. As a matter of fact, they took larger than expected losses, due to production increases. This caused some stock price volatility (surprisingly). companies dont become profitable over night. Tesla JUST became profitable. Click Here to visit earnings narrative / report
NYSE:NIOLong
by WillNixTrading
Bitcoin (XBT USD BTC) - Lower than Whale 'IshWhats up Traders (or HODL'ers), Technically Bitcoin (BTC)(XBT) is due for more pain. The hashed lines are nothing more than previous resistance / support hese are the areas we are targeting for short trades. Volume is increasing in this sell off - The serious first volume increase in a many months. Fundamentally I don't think much short of a major country adopting bitcoin as its national currency will stop the decline. Use Cases, Use Cases, Use Cases - That's what is needed. Crypto is not dead or dying. The money you invested in it is though (My ambivalent Insult to Fiat and you as a HODL'er). Remember Thanksgiving 2017 - Uncle Harry was telling you that Bitcoin was a pyramid scheme and you were going to lose all of your money? He was right, but for the wrong reasons. See previous charts for our other predictions to date.
BITFINEX:BTCUSDShort
by WillNixTrading
NFLX - Ready to FallWhats up Traders - Technical Analysis - The tea leaves Seeing a top heavy NFLX Chart NFLX Broke long running trend and burst up Price Burst has 'stranded' a lot of investors in the latest decline Expecting the January Price Gap to fill and quickly when it does Fundamental Analysis - NFLX gave a solid beat to earnings estimates The stock movement resulting from this was short lived Netflix is running into more and more competition in the space They are overvalued P/E with a negative future earnings outlook
NASDAQ:NFLXShort
by WillNixTrading
2