TheUniverse618

TheUniverse618

Hi ya traders, Everything sure looks bull huh? Bet you even heard some strong bears switching to the bull side recently. 600 is in the bag they say! That's usually a warning sign :) Anyways using fibs, trendlines, and patterns I show why I believe the Top could be in on the SPX. First the last three waves using fibs the 1.618's end right where we are now....

TheUniverse618

Hello traders. Today using simple trendlines and fibs I show why I believe we are gonna dip from here. We could still make it to 600 but we need to dip now from the top of a rising wedge trendline thats from August. Also the little dip in Oct has us reaching the 1.618 fib up from that which is a classic reversal point. Ok the question now is how big of a...

TheUniverse618

Hi Traders! Well here we are.. ATH... tomorrow is the 2007 ATH top anniversary 10-11-07. My idea is we get a pullback here to the .5 fib or double bottom around mid month. People will think we are crashing due to it pulling back on the same date.... Except I see us bouncing on a double bottom and off to the races.. Back to ATH around the election then we will keep...

TheUniverse618

Hello traders, I think with the ratecut we could be entering a bullish period at least till early October. I could see spy hitting 600 or at least 580. I still think it will go even higher than that after an early October pullback... and rally into/after the election. Will ratecuts due to inflation coming down and the economy seeming to be doing OK... at this...

TheUniverse618

Hi Traders, Man this market has been crazy... I haven't had a good track record lately but always remember I do this for fun... and we are human and can't get them all right. I try many different things so anyone who says oh thats stupid or you got it wrong..sure... but many I did get right as well. Well this newest one is my down targets if employment data...

TheUniverse618

Hello Traders. Well if you look at this chart I think its pretty obvious what is about to happen.. If not I think you might want to study some TA a little more. I show an obvious repeat pattern from 2021. So many things are similar (remember history often rhymes) which I show using Moving Averages... Plus I include multiple TA and Timeframe info that confirms...

TheUniverse618

Hi Traders! No not forever... Just for this retrace wave up... Showing different wave Fibs levels I show how they are all converging here as reversal signals. In other words according to them (and I confirmed with other TA) the down isn't finished yet in the markets. I see us at least forming a double bottom which would make for a more solid bottom to go back up...

TheUniverse618

Hello Traders.... Well here is my idea for BTC... I think we are gonna drop one more time...maybe 43K area... I show this fits using Elliot Wave in addition that is on a trendline support around that area... This also looks like 2021 when BTC peaked...came down... I show in yellow boxes..the bottom... before it does another peak higher than the first..but not alot...

TheUniverse618

This coming week will be big. I see us hitting my Target 2 (5400) maybe Monday or Tuesday. we have PPI on Tuesday and Inflation on Wednesday which should send us onto target 3. Will it be ATH or as I'm leaning towards go down near the April low around 5000 where the 200DMA is sitting. I think it wants to tag the 200DMA before moving higher... Bad inflation this...

TheUniverse618

Hello Traders, I am posting this Weekly Elliot Wave guide on the SPX to show what levels to watch for potential targets. Lets see how well this works into the future :)

TheUniverse618

Hello Traders, Well I expect more down in the markets this week... Premarket has already started and it down over 1% already. We had some bad numbers come in late last week after JPowell FOMC. I have labeled everything pretty clearly.. All news, earnings, and astro events. We have a double hammy starting off the markets this week. We have a bear new moon in...

TheUniverse618

Hello Traders.. Wow what a quicky nasty selloff.. That's ok it was needed to propel us to the magic 6000 number. You can see were on strong trendline support from November and a nice 50% retrace level was completed. So I believe the selloff is done... And we head back up now and see us peaking early September near 6000.

TheUniverse618 Updated 

Here is the NAS. I show the Full/Bear Moon Correlation as well. We just had a Full Bull Moon (Green Circle). I expect a bounce here which will also keeps the HL and start wave 5 up. Why? because this is an ideal place for wave 4 to end before the .382 fib. We are also on support and fib levels identify this as a possible reversal point. I think this wave 5 up will...

TheUniverse618 Updated 

Hi Traders. Here I show a longer range forecast and fib levels (targets) once bitcoin breaks out of the bullflag which I think is possible this week! Once it breaks out of the bullflag there is no more resistance above. We also have a Mega Cup and Handle Pattern so things could be about to get very interesting for bitcoin with it hitting 100K in a short period of time.

TheUniverse618 Updated 

Using Elliot wave, fibs, MA support, channels and more I show what looks like a local bottom for the QQQ. I expect the exciting wave 5 to begin next week and take us into Aug/Sep time frame. Many people are saying this is hit... always happens right before a reversal. These people take it to the limit so TA could also show a bear case... but once you put...

TheUniverse618

Hello Traders.. Well I think the time has finally arrived. Everything has lined up for this moment. I believe BTC is preparing to breakout of the massive Daily bullflag and hit ATH this week. Using Elliot waves it could fit perfectly with an ending wave 5 just above the ATH. Also we have a smaller bullflag and I show its target price. In addition I show fib levels...

TheUniverse618

Hello Traders. Using Elliot wave, EMA support, trendlines and more I show where I think NVidia is gonna head next. Semis have been beaten down recently and I think this is the bottom before resuming the bull trend. This is the point where if it drops more would signal bear and it likes to reverse at the last second I have noticed many times to fool bears. We also...

TheUniverse618 Updated 

Using TA like trendlines, Gann Trend, CMO, RSI Average, and wave trends when looking on the Weekly I see a big up move coming. I can also see an up move coming on other timeframes as well. Could it cycle down again before the pop...sure.. but it looks to be soon. What will cause the pop? Im not sure but in 2007 oil started a big up trend right before a rate cut...