merkd1904

merkd1904

Love it when things just work. From the lows of 2018 to the highs of 2020 the fib speed resistance got a perfect 50% retracement tag in NQ/NDX. Now, the question on everyone's mind is if this was "it" and i believe the answer is a resounding no. But, not before a possible retest of the .382 or even .236 and a new high. When we zoom out to the time cycle...

merkd1904

I created these charts back in July when I was first starting to delve deeper into time cycles and their prevalence in financial market's. What I found in July I considered profound. There were multiple, generational, time cycles that were all converging between last summer, and early 2022. Meaning they were all in one way shape or form signaling some sort of...

merkd1904

Sixth day in a row green, massively overbought, this is going to blow off top epicly here very very shortly. Look for when SPX tags the previous ATH's. Take coverrrrr

merkd1904

Sixth day in a row green, massively overbought, this is going to blow off top epicly here very very shortly. Look for when SPX tags the previous ATH's

merkd1904

So as i was getting prepped for my weekly video i created this chart and figured i'd share. It's a fib analysis our entire posrt COVID bull market mainly focusing on major pivot lows and the top we printed a few weeks ago. The rectangles and fib confluence zones, or zones in which one could expect to find support based on the Fibonacci sequence. I mainly focused...

06:21

merkd1904

That'd be strange, wouldn't it? Especially since we just saw a Wyckoff distribution less than 1.5% ago. I understand my method is low tech, but in general if it quacks like a duck, and acts like a duck.. Overall there's something differnet about this pullback. The pitch, character, and even overall look of it are off. Something is different about it and...

merkd1904 Updated 

Hey everyone, Figured i'd toss this up real quick. So what's the difference between the 2000 bull market(s), parabolic run and subsequent 50% bear market? Well, at this point it's one correction, 70 days, and 100%. The chart above is the fractal or "bars pattern" from 12/12/94 overlaid across the SPX starting from 02/16/16. It looks like this: With...

merkd1904

Mainly because they're essentially "too big to fail" and with the 1-2 punch of the 737 max grounding and then COVID the fundamentals seemingly are matching the chart. Starting in 2018 BA started printing a massive diamond top reversal pattern, and whether it be via coincidence or.. whatever, the stock was already breaking out to the downside, and retesting when...

merkd1904

We have now officially broken down out of the multi year rising wedge after getting almost to the exact apex of the drawing. The measured and or implied move for this rising wedge is roughly -1202.89 points or 26.64%. When we toss up a fixed range volume profile from our blow off top in 2018 to current price action it's apparent that we've just had one...

merkd1904

LMT is printing, and about to complete a MASSIVE diamond top after an 8 year nearly parabolic uptrend netting it over 350% or $345. The pattern suggests an implied move of about -44% for the symmetrical triangle if it breaks down, and -57% or roughly -$200 for the diamond top. If Tradingview's Fixed range indicator was working I'd have some volume analysis for...

13:54

merkd1904

So i was doing my daily update video today and came across a cool fractcal pattern and figured i'd make it my first TV video idea. On top of that i just give a quick around the horn for the ES chart i currently have up pattern and price action wise. Hope you enjoy.

merkd1904

AAPL is nearing the 100% target for the large triangle breakout from late June as well as a confluence of 100% price targets of various patterns left along the way. It is at current prices: .7% away from the price target from the small symmetrical triangle break from the past few days .54% away from the price ascending triangle breakout price target ...

merkd1904 Updated 

Everyone sees it. Everyone hears it off in the distance. They've fought it tooth and nail so far. Tried to fool, trick, trap, and frustrate and succeeded. But, there are some things that are inevitable. It's almost as if they're running from something, because they know once gravity takes hold, it's going to be hard to escape the grasp.

merkd1904 Updated 

But this is absolutely printing on the time and tick charts currently. NDX/NQ/QQQ has a really nasty habit of making people who play bearish patterns pay dearly. Not trading advice

merkd1904 Updated 

But this is absolutely printing on the time and tick charts currently. NDX/NQ/QQQ has a really nasty habit of making people who play bearish patterns pay dearly. Price targets marked. Not trading advice

merkd1904 Updated 

Rising wedge broke, perfect retest and rejection happening, so far. Still lots of trading lefft in the day.

merkd1904 Updated 

It really doesn't even need words and i've been saving it for later as i didn't want to seem too bearish as we were making new ATH's. But, we've shifted into a new cycle, they're out of room. The time is up. The wedge implies a 42% move from the highs, if it plays out. There is a .92 correlation between Fed assets, and the S&P 500. (hedgopia.com) The drug...

merkd1904

Just made the structure bigger. Jackson Hole with Jpow and the T word at center stage Friday. Tick Tock.