Jovan888

Jovan888 Updated 

Watching this red box area as highlighted on chart, if TLT starts to trade above this area again this sets up a beautiful failed breakdown setup for a move into 94, 100 and then 105-114. Need to clear 90 for the pattern to trigger/activate and then we go from there.

Jovan888 Updated 

Clear rising wedge here supporting a slow summer meltup continuation into 5555-5638 area before election / breakdown before election Plan is to play the wedge for continued upside into 5555+ Will flip short if 5179 is lost. If 5179 falls then a short to 4750-4820 begins.

Jovan888

Looking at this consolidation setting up / gathering energy to make a run at the long term down trend line. A spike over $6 should send us towards first red box around $7.50 and then a sharp run into $10-12 and ultimately the gap fill at 19.40 which lines up close to the long term down trend line.

Jovan888 Updated 

OXY here on a weekly trendline Bullish here at $56 to target 90.81 within a few months Personally grabbed Jan 2025 calls I think we either get a DIRECT bounce from this spot, OR we see a failed breakdown scenario first, but ultimately the target is the same.

Jovan888 Updated 

Went long here on GDX at 27.40 on this wedge retest. If you look at the weekly chart it appears an inverted head & shoulders is forming. I like this long with a LIS at 26.59, as long as that holds I think we move back towards 30.16 and then 33.

Jovan888 Updated 

SP:SPX bigger picture - no bear case until you have a few closes below 4400. Instead of trying to time the top - it will be obvious once the trend has changed - plenty of time to join then. For now - trend is still up in the bigger picture - UNTIL you get a few closes under 4400 and below this long term wedge. There is the potential to just melt up into new...

Jovan888 Updated 

AMEX:SPY Trading in this rising wedge since October. The wedge reaches it's apex near 510 level. SPY likely to peak at 510 area for a retrace to 451-456. If that falls then 436 and 420 likely follow.

Jovan888 Updated 

Disney bull flagging over the prior wedge breakout getting ready for a leg up into 100+ See chart for fib levels.

Jovan888

This is a multi-year consolidation here that is on the cusp of breaking out. Oxy over 66 triggers a breakout move into 73.14 where a multi-decade trend line will be tested. If bulls overcome that level the next target is 90.71

Jovan888 Updated 

SPX consolidating in a pennant here with a narrowing range going into Q1 of 2024. The range is compressing as we reach the apex of the pennant. Looking at 2 levels 4600 & 4000 If we can break 4000 with conviction this sets up a nice short to 3804-3818 and then 3491 If we break 4600 with conviction this sets up a move to ATH and 5179, 5331 Watching closely for...

Jovan888 Updated 

AMZN today bounced again hard off the 50SMA and the bottom of the channel. $135.04 key level for NASDAQ:AMZN As long as it holds that, it's on track to hit 147.69 and 152-156 (channel top) next. Regardless of SPY/QQQ pullback recently - this has had relative strength and while some like AAPL are losing their status - GOOGL & AMZN have alot of catchup to...

Jovan888 Updated 

I love the setup here on NASDAQ:ENPH as well. We got long around $79 back on first couple days of November, I think it's only just getting started. Over 94 target 101.51-106.19. Over 107 target 120(Gap fill 115.56) With some more time i think it could also retest 156

Jovan888

Currently undergoing a bottoming process at least to retest prior zone at $22

Jovan888 Updated 

U broke the downtrend here and setting up a bull flag over it, if it can clear 29 it likely targets the 200dsma next at 33.18

Jovan888 Updated 

COIN here did a nice breakout from a falling wedge - up to the 50sma where it rejected. Breakout trigger for this one will be over $86-87 for the next leg to 95-100. No active trade yet - i set alert for 87 and will enter long there.

Jovan888 Updated 

GOOGL has fired down out of it's rising wedge on the weekly. I would ideally want to see a backtest here to around 133-134 to get short to target 125.49 and 117.45 Setup is void above 136.95 (that would be the stop)

Jovan888 Updated 

We posted the short at 4600 however we covered at 4350 and then we reshorted at 4500. We are now observing a possible channel here - so we are watching 4265-4280 area as possible bounce area for dead cat bounce. Lower highs, lower lows - watching this carefully as long as it holds 4265 there is a playable bounce into 9/26 and shortly thereafter and then sell...

Jovan888 Updated 

Watching this pennant on NASDAQ:META daily (energy building for over 2months) - looking for over 308 for upside breakout to 313-316 then 324-326 or for a break of 297 for downside breakout to 285.66, 274.38 and 266.60