Ok, I’ve started uploading charts that explain the technical indicators and overlays I use in my charts to my website. I’ll keep uploading them but you can see what I have so far. :)
Hope this helps! $SPY $QQQ
The numbers and letters I add to my charts is known as Elliott Wave. Here is the book. You can buy it for cheap on Amazon. Yes, I know people hate this theory and that’s fine. It’s just a tool among many that I use. Knowing the basics of EW will help you understand my charts. I
My vehicle registration went from $75 to $275 in the state of Texas bc I own an electric vehicle. What the literal f*ck. “Electric vehicle fee”
@GregAbbott_TX
$TSLA
If the Fed doesn’t cool off the stock market SOON, they’ll be back at the end of the year raising rates AGAIN. They’ll have failed both mandates, inflation and employment. This is a fact.
$TSLA weekly. I’m going to go out on a limb and say Tesla is done here. My target for wave 3 is $60. [Disclaimer: It won’t go straight down. It could take 3-6 months.] ⬇️⬇️ Wave 3 was a 161% Fibonacci extension of wave 1. 🔥 $QQQ
$NVDA is also finished/almost finished here. Price is approaching the 61.8% retracement ($250), but I don’t think it will make it. My target for wave 3 is $70.
This might be too conservative. 😬
Shame on Jim Cramer for pumping this stock hard today. He is truly pathetic.
Speaking of cheat sheets, I made a cheat sheet years ago for the book, Encyclopedia of Chart Patterns by Thomas Bulkowski. It provides an image of every pattern in the book as well as the expected moves in bull and bear markets. I also have a few notes on select patterns. It took
$TSLA weekly. My next target is $350. Wave 4 might not be over yet; we need to see price hold the 100-MA. Once the correction is over, price will resume higher. ➡️➡️ When Cybertrucks begin to hit the streets later this year/next year, price will explode. Don’t miss out on this
If you’ve lost money on puts this year - and we all have - you can make it back on this $TSLA swing trade. First stop is $230. I expect $300-$350. A move similar to NVDA. 🔥Monday should confirm.
$SPY weekly ⬇️⬇️ - My target for wave 3 is $270. The market is in a very treacherous spot and you should think twice before buying any dips here. Protect your capital. 😘 $SPX
$TSLA weekly. That was one hell of a wave 4 correction. Technically, wave 4 can end here; however, I could also see a small push higher. Hard to predict if the minor 5th wave will be an extension. Regardless, this baby is going lower. Wave 5 will be shorter - target $65. Stay
$QQQ $SPY This is where we are in the cycle. Starting wave 3; which, should be the longest and most steep wave.
Side Note: People freak out if I give a range or increase my target by 200 pts. Look at the bigger picture! I’m sharing excellent calls here and if you can’t trade
$NVDA is also finished/almost finished here. Price is approaching the 61.8% retracement ($250), but I don’t think it will make it. My target for wave 3 is $70.
This might be too conservative. 😬
Shame on Jim Cramer for pumping this stock hard today. He is truly pathetic.
I’ve added a PDF version of my Encyclopedia of Chart Patterns Cheat Sheet to my website. 🥰🎉 I modified the size of the patterns for easier viewing, too! You can grab either format (PDF or PNG) via a link I’ll share in the comments section.
#rebelRD
$SPY $QQQ $TSLA
$SPY daily. Looks very bearish and I expect the selling to continue for the next few months. Maybe shorter time frame if the selling pressure increases. Way too slow w/ 1.5% moves. $SPX ⬇️⬇️ Next week we should see big red candles.
$TSLA weekly. Whether or not Tesla continues higher to $230 first or not is still yet to be seen; however, price will resume lower afterwards and my target is $62 - $85 for wave (5) or (A). 😉 ⬇️⬇️
$AAPL monthly. Other than after the ‘08-‘09 financial crisis, this is the longest period of time Apple has gone w/out checking in w/ the 50-MA. The medium-trend PMO is close to going negative.. which, is always associated w/ a 50-MA touch. Price headed to $100 soon.. then lower.
$BTC monthly. We appear to be starting intermediate wave 3 of 5 of A higher. ⬆️
➡️ Potential B wave targets:
$38k, $44K, and $50K. Price needs to overcome $38K first. 😉
➡️ Afterwards, I expect price to correct to $6K. This will be the bottom + if my count is correct, the next
I just uploaded a ton of Elliott wave graphics and charts in PDF format to my website for anyone interested. I scan them for studying purposes. Oh, and a small EW book, too. It’s all free. Enjoy! $SPY $QQQ
$TSLA daily. Still lower! ⬇️⬇️⬇️ My target for wave 5 is ~$70. This is an extremely ballsy call going into this CPI print tomorrow, so pls be kind if I’m wrong. ❤️
$TSLA daily + weekly (my price target is $85, but it won’t be straight down. Ignore time on bottom.
❤️❤️ Pls retweet my charts - I want to grow my account bigger than all my furu lurkers (i.e., big furu accounts that aren’t worth a sh*t). 😉😘😍 xo!
$TSLA weekly + monthly. I also see the start of wave 2 higher soon. Hmmm. Targets could be 262, 292, or 322. It’s hard to see price not bouncing off the 50-MA at least once.
$AAPL weekly. How is this bearish? It’s not. I invalidated my own count - publicly humiliated myself - to help warn other bears. I would not do that without major confidence. The markets are going higher. $QQQ
Meet Revel. My new favorite $tsla ride-sharing app. It’s not in Texas yet, but they’re all over NYC. The drivers I spoke with prefer the company over $uber + $lyft bc they’re paid employees + the car is provided to them by the company at no charge. The company also charges +
Trillion-Dollar Treasury Vacuum Coming for Wall Street Rally $SPY $QQQ
- The US Treasury is about to unleash a tsunami of new bonds to quickly refill its coffers.
- Post-deal supply surge will rumble through stocks to credit
- Already-eroded liquidity set to shrink by $1