MPW Mid-Week Update Posted: (1) a large W-C may have started, based on my primary count of SPX; (2) Also worth noting is that Korea's erratic stock index KOSPI has formed a complex H&S pattern, which is still working on the right shoulder. (3) check at https://t.co/0HwZdk2lns
$RIVN Rivian employess cannot sell their stock or even touch it until Aug. 4. Many of them take all bonuses in the form of the stock. IYKYK. Fundamentals don’t matter Pump it
I have been talking about this since 2023. Obviously since most analysts and new traders, only know how to compare past behavior, they think things will repeat ad infinitum no matter what. However, regardless of the seasonality, the cracks are present and Bitcoin has not perform in the way most people expected, different price behavior, extended, or shortened windows, halvings, etc.
This is a battle I have to deal with students every day, one thing is to be AWARE of the natural price behavior, and how it repeats over time, but what truly got us ahead of the crowd was reading the little nuances that shape the price action in the PRESENT, and FEW people can do that unbiased, with consistency. It is how we knew Bitcoin was going to explode in Oct 2024, and how we needed to leave the market for alts in Dec 2024, how to long 70K, and close 125K, not weeks but months ahead.
So I will repeat what I said on the post below, Bitcoin Is evolving, fuck arrogance, and the ego that pretends to know the future, deal with it. Right now it is absorbing the new information, and the setting the stage for the participants that will shape its future. That's why you always HAVE to keep evolving, studying, and adapting to the ever changing conditions of the world, the economy (KAIZEN).
The price structure is mixed, and complex, you can CLEARLY see the signs everywhere you look. Imho price will be ready to set things in motion again around October 2028, meanwhile I think it is just going to work on the foundation of that very next iteration, whatever that is after 2029.
You can normalize information and the past as much as you want, but decimal points exist, what was 6.18 before could be 6.19 tomorrow and even though that seems to be the same, it can move the ship to unexpected places. This is not new to me as I have been talking about these cycles at the Academy since 2019 consistently, but probably as time goes on a clearer picture starts to emerge.
One day at a time.
Time always speaks the truth.
That's the life of a trader.
https://t.co/5EnGiGNUPm 👺
$QQQ Daily update
Straightforward potential pathways in mega cap tech land:
1. Main count in white that the June low at $686+ holds in today's a-b-c Minor 2 bottom.
2. Break that June low and price could look to bottom in the blue fib zone given at the rising 200 day SMA.
Market is pent up. The upcoming move will be huge.
$NVDA NVIDIA Corp. Daily💾
I added $NVDA in my Roth today, here is why:
- Holding the 200 SMA
- Key S/R zone
- 16x Fwd PE / 0.33 PEG
- 85% Sales Growth Q/Q
- 213% EPS Growth Q/Q
- 63%! Net Profit Margin
Truly unparalleled fundamentals, at a cheap valuation, at the 200 SMA on the chart..
This is risk I will take 10/10 times
$NVDA
The launch pad is being assembled…. 🚧
Take off soon 🚀
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I am going to revisit this tweet when we are trading back at 236/240 ATH
This should be a glorious squeeze to come
Watch it IMO! 👀
$BTC #bitcoin
Ready to rip soon…. 🚀
-Can be counted as 5 down from 126K ATH
-Wedge on weekly +divergence
This confirms a bearish sequence but suggests some relief to come
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LONG TERM: I see this trading down to 44K/34K
A. B. C. D. E.
$SPX just printed all five waves of the triangle.
W4 done. W5 LIVE.
Clear this week's high, the breakout runs to 7700–8000.
Close below 7392 and it's a bearish triangle instead.
W5 starts now.
$SPX - Rebuttal
Another Bearish Candle (Hammer) at Upper Rail.
Which if not negated argues for further downside, the depth and extent of which remains to be determined. We do have a potential Coil pattern, therefore see if it can hold for a truncation at the red 30-average...
$SPX (cash)
It’s go time 🔜
5 wave structure up off of the 7290 low 👀
If true, we should SnapBack to 7540+ fast!
Pulling back right into daily demand
Ingredients for #squeeze are there!
HAGW!
$QQQ
The calm before the squeeze
-Capitulation at the lows (smart money active)
Smart money doesn’t sell the lows, they just bot the dip
-Corrective decline down
-Right into W4 retracement levels
Watch the SnapBack rally 🔜