+-*The next sell signal on XLE/ERX (3x & 1x long energy sector etfs) will come on a break below the 79.80ish support level & should bring prices down toward the next & current final target around 78.20 (exact suggested BTC levels on ERX to follow). [continue reading…]
+-*Throughout the current bull market & previous bear market, the Total Put/Call Ratio has only dropped to such extreme levels 4 times, including Monday’s 0.56 reading. The previous drops in the $SPX that followed ranged from about 17% – 55%. Will it be different this [continue reading…]
+-*USO (Crude Oil ETF) is currently backtesting the wedge from below where a reversal is likely. Next downside target the 19.28-19.19 support zone.
+-*The expected bounce off the bottom of the initial target/support zone lasted a bit longer than expected but following the most recent backtest of the R1 level, a downside break of that key support level is highly likely to occur this week. The previous & [continue reading…]
+-*Yesterday I tweeted out that I was starting to scale into a short position in CURE (3x long S&P Healthcare Sector ETF) and with the markets poised to gap back down below the wedges at the open today, the intermediate & possibly longer-term bearish outlook [continue reading…]
+-*EA (Electronic Arts) will be added as an aggressive short entry here at the top of the wedge with a more conventional short entry or add-on to come on a break below both the rising wedge pattern AND the minor support level. T1 & T2 [continue reading…]