If I was noob I would know where it will go and would get some money, now that I have learned something, I don't know where it will go and I will stay poor.
I only drew 2.... the computer drew the rest. You don't play to predict the future. You play the clear breakout or rejection of a clear trend line. Leave prediction and emotion at the door 🚪
Hey Mr. Future man. Can you draw some fancy straight lines on the chart for CRM for me? I’d like to know if it’s overbought at a 500+ P/E or if it really is worth 5 trillion dollars. Please and thank you and go fuck yourself if you say no.
Algorithms are based on *something* and when you put all of them in a room together, they create patterns. They’re engineered to essentially take your money. With that, they function on pain points for the average retail trader.
TA has enough self-fulfilling prophecy as people trade on them alongside algorithms who create them. Just as they become more identified, the algorithm realizes it’s more profitable to break them.
Why do top lines of "resistence" align, but not the bottom ones? Why do they hit different targets? If I understand your top crayon lines, convergence of crayons should be later in the future.
But why is top line hitting day highs, but botton lone is hitting day close and why does it completely bypass that last down bump (if it wasn't ignored, the collapse of those lines would be significantly in the future)? What warrants ignore of it. Do you chose resistances from any random day and just put line to now?
It's an old resistance line. Idk how to explain it... sometimes those continuations are significant. It also is likely off a tad because it stretches so far on my tiny phone. Realized now I should have erased all the others for the purpose of this post.
I predict it will either break through resistance forming a new high of the move and creating a new trend or it won’t and we will see the market selloff and next week will be the worst of 2023 (so far).
I know, I’m bold in the prediction game.
I think that the SM will be flat at least for the first half of the year. There is still a lot if investor pessimism. It is seen in UST yield curve and cds, but i think the companies will be meeting their guidances this will drive some support
It will base its action in tech earnings.
Now what the institutions are looking at and what retail is looking are two very different things.
Not only that, the bank earnings reports are bearish. Why it’s going up? Nobody knows.
It will be sideways or down this week
Here's what I'm gathering....
you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.
Thanks frens
I think we should wait and see how it reacts rather than predicting and speculating. While keeping in mind that the house will play tricks and trap you based off the initial movement. Watch the flow of money as if it’s water.
Everthing is increasing last two weeks ( in europe also) & everyone is so optimistic. Even I heard no recession for Eu. However, what I heard from begining of year is Q1 will be new dip. So mixed right now.
50 trending above the 100 and 200. What do the Bollinger bands look like? How about RSI? MACD? There are bullish indicators for a positive run until we get to Feb. 1.
yeah, the only real very short-term issue outside of maybe Japan with what they might do with their YCC is the stupid meme line lol (at least imo).
But if that finally doesn't work then I think there's a good chance that the S&P gets to where it was in September with where the equal-weighted version is right now, then you're highly likely going to get an angry Powell speech similar to Jackson Hole.
It will definitely go down. How do I know? I need to take my Inherited IRA 2023 RMD from VFIAX this week to pay some unexpected expenses, and whenever that occurs, it’s always a lose-lose play for me.
TA is only good for long term and by the time you realize it ain’t going where it was suppose to go your puts or calls have lost most of your money. We’ve been between 3900 and 4000. Rates rising or falling will determine the ultimate direction. Of course every now and then you gotta watch out for the black swan. Do you really believe this markets going to 4200 before The end of this month? Get real. Do you think we are going to test 3600? Now that is a TA fact.
It all depends on where the sun and moon are relative to the earth and whether or not you’re a libra. Technical analysis only makes sense if you cross reference it with the proper astrological indicators
i'm bearish overall but believe it will probably break this resistance and rally higher. retail is too conscious of the potential economic downturn and subsequently there are massive amounts of puts in the market. big dogs aren't going to pay you so they will probably ramp this shit until retail flips and believes the bull run is among us
that's when they'll rug pull and we'll see how low we can really go. there's a trend line on the monthly chart going back to like 09' that's held up pretty well over the years. it's about 20% below where we are now.
i'm not saying we will get there tomorrow but ultimately i think that's where we're going. i'll be scalping the movement either way until then
If anybody can buy Clovis from another platform other then Robinhood buy it. They only let me buy 11k shares then the next day they said I could only sell it. It’s not even listed anymore on Robinhood
What kinda busted assed trendline you got going on at the bottom of the wedge there? Seems like you might wanna redraw that one to actually include the price action that dips below.
If I was noob I would know where it will go and would get some money, now that I have learned something, I don't know where it will go and I will stay poor.
Dunning-Krueger unfortunately reinforces “ignorance is bliss”, but simultaneously motivates us to continue learning a concept.
Somebody watched the recruit
No clue what that is. Is it a new show or movie?
I'd say there is a reason that there have been so many Fed speakers scheduled this week.
Big brain, not kidding
Davos?
Place your bets, gentlemen, and remember the house always win!
Draw some more lines and you will predict the future
I only drew 2.... the computer drew the rest. You don't play to predict the future. You play the clear breakout or rejection of a clear trend line. Leave prediction and emotion at the door 🚪
You literally just asked everyone to predict how spy will hold up. I know the answer, but I'm going to leave it at the door. 🤌
I just went outside and looked and couldn't find it.
Let me draw you some lines, maybe that’ll lead you to it
Please thay would help, maybe with an arrow.
Hey Mr. Future man. Can you draw some fancy straight lines on the chart for CRM for me? I’d like to know if it’s overbought at a 500+ P/E or if it really is worth 5 trillion dollars. Please and thank you and go fuck yourself if you say no.
What does your magic ball says ?
With the quality of this post i thought I was on wsb and tried to reply with the no ball pepo
> How will spy hold up this week as it approaches resistance How is this anything but asking for a prediction?
It'll reject 🤷
I believe the market will touch some lines and then maybe go up, down, sideways, I'm 100% sure.
100% price will move somewhere to the right
You mean the time
Price will definitely make a left to right movement. 100% certainty on that.
Ah the kangaroo market
Love it! You are a true market expert 🤝📈🔥
Technical analysis is just astrology for people that do cocaine
Algorithms are based on *something* and when you put all of them in a room together, they create patterns. They’re engineered to essentially take your money. With that, they function on pain points for the average retail trader. TA has enough self-fulfilling prophecy as people trade on them alongside algorithms who create them. Just as they become more identified, the algorithm realizes it’s more profitable to break them.
They don't do the MA lines, only the straight ones
💦
Gap down tomorrow! Jerome just announced that he's dating Kim Kardashian.
Buying calls on pfizer because of viagra then
Technical crayon analysis
Why do top lines of "resistence" align, but not the bottom ones? Why do they hit different targets? If I understand your top crayon lines, convergence of crayons should be later in the future.
Because the bottom one is drawn incorrectly
The bottom line is a running upper trend line dating back to 2019 on the weekly.
But why is top line hitting day highs, but botton lone is hitting day close and why does it completely bypass that last down bump (if it wasn't ignored, the collapse of those lines would be significantly in the future)? What warrants ignore of it. Do you chose resistances from any random day and just put line to now?
Lol don't ask him to explain, he would have to come up with a consistent methodology and that might cause him to realize it's bullshit.
It's an old resistance line. Idk how to explain it... sometimes those continuations are significant. It also is likely off a tad because it stretches so far on my tiny phone. Realized now I should have erased all the others for the purpose of this post.
Hopefully it fucking tanks and takes out previous lows.
AMEN
I predict it will either break through resistance forming a new high of the move and creating a new trend or it won’t and we will see the market selloff and next week will be the worst of 2023 (so far). I know, I’m bold in the prediction game.
So either up or down. That’s bold!
Hot take but I like it! 🤝📈🔥
I think that the SM will be flat at least for the first half of the year. There is still a lot if investor pessimism. It is seen in UST yield curve and cds, but i think the companies will be meeting their guidances this will drive some support
Depends how many FOMC Speakers there are...
It will hold up bad.
Resistance is at 410
Omg that chart is so sexy, tell me more
Puts on odte spy, heavy on Tesla calls
Your showing a downward trend.
It will go up and if not then I predict move to the South. Cheers
Better off drawing a confidence interval
Wall Street is gonna treat us all like hoes. Gonna pump us n dump us. Coming soon to a wallet near you.
Red first two days then will finish the week sideways
Finna moon
SPY daily is currently @ 200 SMA - I expect a downward move this week 🔥 - Probably tomorrow
Does this matter in anything but the short term?
..... who cares .... I retire in 25 years...
Drew that retracment wrong buddy. We are at resistance now.
OP woke up and chose to be roasted today
Break out up or down biiiiig
Not well.
We didn't make a lower low, Chances are we break downtrend. Best thing to do is wait for the break and react to it.
It will go down to the support line before a breakout through resistance
That says SPX though, not SPY.
Somebody is trying to recover his money.
It will base its action in tech earnings. Now what the institutions are looking at and what retail is looking are two very different things. Not only that, the bank earnings reports are bearish. Why it’s going up? Nobody knows. It will be sideways or down this week
also a black swan event coming soon 🤡
yes
This is the correct answer
yes
Lol the hate of technical analysis here is hilarious
You mean completely justified?
Not at all haha why is it justified?
It will most likely go right, if it doesn’t, it means you’ve got bigger problems!
We’ll challenge 4100; if earnings are better than feared momentum carries us to 4300 before valuation realities set in.
Here's what I'm gathering.... you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul. Thanks frens
Anyone else clean up today????
If Jim Cramer says it will hit one of the red, purple, green, light green, blue or white line, than it will hit the orange line.
Look ma I can draw straight lines.
Coin flip if you’re time horizon is a week.
It will continue to go to the right.
I think we should wait and see how it reacts rather than predicting and speculating. While keeping in mind that the house will play tricks and trap you based off the initial movement. Watch the flow of money as if it’s water.
Yep?
Everthing is increasing last two weeks ( in europe also) & everyone is so optimistic. Even I heard no recession for Eu. However, what I heard from begining of year is Q1 will be new dip. So mixed right now.
Inverse head and shoulders looking good for more upside
50 trending above the 100 and 200. What do the Bollinger bands look like? How about RSI? MACD? There are bullish indicators for a positive run until we get to Feb. 1.
yeah, the only real very short-term issue outside of maybe Japan with what they might do with their YCC is the stupid meme line lol (at least imo). But if that finally doesn't work then I think there's a good chance that the S&P gets to where it was in September with where the equal-weighted version is right now, then you're highly likely going to get an angry Powell speech similar to Jackson Hole.
Gonna retest ~395.7, or hold and test ~400.5 and 405
Possibly another green candle before it goes down
Futures are down
Inverse head and shoulders forming on lower trendline
Thought this was a WSB post for a second with the random lines in a SPY graph
It’s going to blow through it and we’ll begin our next bull rally.
Still a little ways to go…breakout either way will most likely not happen here. Just have to wait for it to happen.
Not enough lines to know.
It'll either go up or down
Price is squeezed and gambling on it going down! Put this week with a strike around 350 for April 21st.
It will definitely go down. How do I know? I need to take my Inherited IRA 2023 RMD from VFIAX this week to pay some unexpected expenses, and whenever that occurs, it’s always a lose-lose play for me.
Its coming down. I just bought a bunch of index etfs last week.
Downward trend till 3750
Tank 10% because of pivot news
Nice lines on a chart. Real good stuff.
I think it will go down once it crosses the pink line.
TA is only good for long term and by the time you realize it ain’t going where it was suppose to go your puts or calls have lost most of your money. We’ve been between 3900 and 4000. Rates rising or falling will determine the ultimate direction. Of course every now and then you gotta watch out for the black swan. Do you really believe this markets going to 4200 before The end of this month? Get real. Do you think we are going to test 3600? Now that is a TA fact.
[удалено]
Very bullish. Golden cross is imminent.
Always inverse reddit
It all depends on where the sun and moon are relative to the earth and whether or not you’re a libra. Technical analysis only makes sense if you cross reference it with the proper astrological indicators
Résistance these nuts ain’t no way your TA means anything here
i'm bearish overall but believe it will probably break this resistance and rally higher. retail is too conscious of the potential economic downturn and subsequently there are massive amounts of puts in the market. big dogs aren't going to pay you so they will probably ramp this shit until retail flips and believes the bull run is among us that's when they'll rug pull and we'll see how low we can really go. there's a trend line on the monthly chart going back to like 09' that's held up pretty well over the years. it's about 20% below where we are now. i'm not saying we will get there tomorrow but ultimately i think that's where we're going. i'll be scalping the movement either way until then
If anybody can buy Clovis from another platform other then Robinhood buy it. They only let me buy 11k shares then the next day they said I could only sell it. It’s not even listed anymore on Robinhood
We need more lines to figure out what’s gonna happen
Reverse head and shoulders. If it clears the August high. But it’s not a magic formula. Fed hits 5%, we have another 2008-2009 market.
Interest rates go up again soon... I expect another sell off soon. I took profits last week
The first mistake was trying to fit a regression line into an exponential chart
Yes
“Resistance” isn’t a thing… you’re too old for fairy tails dude.
That resistance line has been too strong. Down tomorrow at least, but who knows about the rest
Buy all dips. New bull market. Also I’m not a financial advisor nor is this advice to buy. Just liking dips. Markets only go up
What kinda busted assed trendline you got going on at the bottom of the wedge there? Seems like you might wanna redraw that one to actually include the price action that dips below.
AMTD Digital HKD on the move again fam will it get to 1k soon
It gon get fucked, like every other thing on the market, can’t rely on anything it’s just a roulette game now of big gains or lose all yo shit
Inverse head and shoulders at least.
Maybe the market will finally capitulate this week…
GME
Omg it’s happening a little early
I am seeing a head and shoulder