@mkfilko @StonkChris He definitely drew the line in the wrong place, you’re correct. It’s the previous dips.
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Mike Feeley
209 posts
@StonkChris Can I ask how is it a divergence if the RSI is higher while it is making higher lows? I thought a divergence is typically characterised by higher lows on RSI and lower lows on the stock price. Thanks in advance!
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$NBIS daily doesn’t get much cleaner than this and is the clear leader in the AI data center space right now.
Textbook bullish divergence on the daily RSI while price continues to grind higher.
Looks primed for a move back to ~$140 highs, and a clean break there opens the door to a measured $180+ upside target 📈.
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@CernunnosCap Probably elevated shorting due to convertible arbitrage. Funds are delta hedging to stay neutral on convertible notes.
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$NBIS is the perfect example of how crazy this market is right now
🤯Almost 22% of the float is STILL short (44M shares)
Bears are playing with fire here. One solid breakout and this squeezes hard☄️
$IREN $CRWV $ORCL
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@daniel_koss @EndicottInvests Lmao I thought the same exact thing 😂
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So is $NBIS breaking out?
Help me understand TA gurus
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@CernBasher What is the incentive for Tesla not to undercut the middleman (you) in this equation by using their own Tesla-owned fleet?
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Well it’s a good thing I had a few calls to hedge my puts, because I was wrong. Now waiting for the 688 to 690 region to reset puts
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@AdamMancini4 I’m staying out. Targets already run and VIXperation today
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Yesterday we had a huge rally in #ES_F: 6808 Failed Breakdown was trigger with 6870, 6893, 6908 targets. We hit 6904 & dipped. Now, time to digest that move
I posted 7:30AM watch traps of 76. We trapped it, ran to 6893 1st target, dipped. 6908, 6923 remain above. Same downsides
Adam Mancini@AdamMancini4
Perfect trade in #ES_F. Trigger yesterday was 6808 Failed Breakdown. Targets was 6870 (hit). At the close, I posted 6893, then 6908 were next. We hit 6904 Plan today: Ride runner/wait for next bear trap. 6876 (watch traps), 6857=supports. 6893, 6907, 6923-26 next. Sell<57 to 42
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@AdamMancini4 @NandoEN1 I wonder if that would constitute a monster FBD but be more bearish for overall structure it seems
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@NandoEN1 Still valid! Wouldn't be if we took out the Feb low though
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There's 6870 next target tagged and has been the best pure intraday trading day in months for #ES_F. Non-stop setups. 6808 Failed Breakdown was long trigger given. Targets were 6822-24 (hit), 6838 (hit), 6874 (hit), 6870 (hit). 6893 next, then onto 6908, 6935.
Just ride runner
Adam Mancini@AdamMancini4
We've had so many setups today its time to protect gains now and not push luck. 6808 Failed Breakdown was long trigger given. Targets were 6822-24 (hit), 6838 (hit), 6864 (hit). 6870, 6893+ if #ES_F wants more. Just hold lotto runner. 6822-24, 6813=supports. New lows below 13
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@AdamMancini4 Hi Adam for my own education - it seemed we had acceptance at 08 at 10:20. We had dipped recovered, dipped and ripped through. However we still went lower shortly after. Was it just that I needed to wait a bit longer? Still caught the recent move, but want to get cleaner.
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#ES_F printing setups and points today in #ES_F & roughly a good setup every 20mins (unheard of). After selling to 6795 support, next trade was 6808 recovery as posted. Targets were 6813 (hit), 6822-24 (hit). Take profits lvl to lvl
6808 reclaim works back up. 6795, 6782 low
Adam Mancini@AdamMancini4
Volatility very high in #ES_F and enjoy while it lasts. After running to 6838, 6853+ targets off the 6813 overnight low Failed Breakdown, I posted 6813 fail sees 6795. We hit 6796. 6808 must recover to see 6813 then 6822-24 (squeeze above). 6795 fails, next down is 6782, 6760
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@AdamMancini4 I guess I’m confused how that is an IHS if you anticipate it resolving with a lower low?
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Big Picture View: Since Dec, #ES_F is stuck in a huge range with 6997 resistance. In it a large Inverse H&S formed since Jan 21st with 6822 support
Plan Next Week: 6850, 6822 must hold. Keeps 6954 live. Dip, then 6997. Breakout leg above it. 6822 fails, sell 6773 range support
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@upandown007 @AdamMancini4 Alternatively, if we recover next week, QQQ could be forming a 4 month flag…
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@AdamMancini4 You’re right, they clean bear flag I see is in QQQ. Nonetheless ES, SPX, Nasdaq, the structures look very bearish to me medium term. Plus many other factors and chart correlation
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Action slowed now & as posted work done in #ES_F: Same setup, everyday. 6822-24 Failed BReakdown was long trigger given live. Magnet was retest of the 6893 res shelf from yesterday. Its been highs all day
Hold runner as we recharge. 6907, 6926, 6936, then 6954 magnet next week
Adam Mancini@AdamMancini4
Runner paying heavily as we run targets. Today's squeeze was caused by the same thing as always (#ES_F never changes): Failed Breakdown, this time of the 6822-24 shelf given at 9:43AM. The target/magnet was 6893, been here for 1hr. 6907, 6926, 6936 bonus. 6954 is next big magnet
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@OnTheHooch @AdamMancini4 If I had to guess, yesterday was setting up a bullish div for today’s FBD of Sunday night. At least that’s the theory - need to see follow through which may happen with earnings after close
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@MikeFeeley20 @AdamMancini4 I thought we would’ve gotten a good squeeze after yesterday, but just a small part of the overall drop.
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Its a day traders market in #ES_F and tons of setups today as vol is back. 6930 reclaim was trigger given. Targets were 6940 (hit), 6949 (hit), 6964 (hit earlier). We then lost 6930 and flushed.
Downsides were 6883, here now. Bulls must reclaim 6887 to rally. 6872, 6861 below
Adam Mancini@AdamMancini4
Today's session is custom built for lvl to lvl day traders with good, fast, 2 way swings. 6930 reclaim was long trigger given. Targets were 6940 (hit), 6949 (hit), 6964 (hit earlier), 6978. 6930 lost again. Bulls must recover to resume up. Same supports (6911, 6897, 6883 below)
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@AdamMancini4 Incredible. I think I’ll take a break to go watch my paint dry
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6930 todays support and #ES_F definitely agrees and its becoming a magnet. 6920 reclaim triggered long ystd with 6930, 6949, 6964 (hit) targets. 6930 then became support all evening. We just trapped it, and now back
6940, 6949, 6964 remain above. Same supports to the downside
Adam Mancini@AdamMancini4
Finally the first daily injection of volatility in #ES_F. As warned, don't trade until volatility appears (elevator down sell). 6920 reclaim was last long trigger and we ran to 6930, 6949, 6964 targets. 6930 support. Watch for recoveries. 6916-20, 6911, 6897 below if we dip
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After action packed Monday, #ES_F now back to low volatility chop. Don't force. 6920 reclaim was yesterdays long trigger given live. Targets were 6930 (hit, broken, backtested from above 2x), 6949 (hit), 6964 (hit)
Bulls want to recover 49 now. 6930 (watch traps), 6916 below
Adam Mancini@AdamMancini4
Long paid. Yesterday #ES_F got an all day sell. These always end in a squeeze but only on a Failed Breakdown. 6920 reclaim was entry given. Targets were 6930, 6949 (both hit) Plan today: Hold runner. 6949, 6930 (watch traps)=supports. 6964, 6978, 6989+ next. Sell<6930 to 6916
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@AdamMancini4 If we recovered it convincingly in the next hour, would you take it? Or no, because it’s in the midday chop window?
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Note: Bulls obviously want to recover 6949 now. Same supports
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There's 6949 next support tagged *to the tick* in #ES_F. Sell algo is still on though in ES, give it its time. Bulls want to recover 6964 now to see 6978 (big res tested 5x), 6990, 7006+.
6935, 6920-25 are below 6949 now. Real sell starts only if 6920-25 fails per newsletter
Adam Mancini@AdamMancini4
Today started off eventful with an elevator down sell after yesterday's 120 point rally and retrace like this is normal. Last 2hrs have been chop, but lvls respecting. I posted bulls had to reclaim 6978 to rally & #ES_F tested 5x and rejected 6946-49, 6935, 6920-25 remain below
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@N7alphafarmer @AdamMancini4 I have the same issue. I end up longing at the end of the move and catch the reversal…
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@AdamMancini4 I don't understand how to stop buying the bull traps. I thought for sure we had acceptance at 78 based on NL visuals.
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Today started off eventful with an elevator down sell after yesterday's 120 point rally and retrace like this is normal. Last 2hrs have been chop, but lvls respecting. I posted bulls had to reclaim 6978 to rally & #ES_F tested 5x and rejected
6946-49, 6935, 6920-25 remain below
Adam Mancini@AdamMancini4
With yesterday's 120 point long in the books to 7022 bonus target in #ES_F, now its the routine retrace/elevator down sell. 6990 failure triggered down to 6964 as posted and stuck here for 30mins. Bulls must recover 6978 to see 6990, 7002, 7006+. 6946-49 backtest remains below
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With yesterday's 120 point long in the books to 7022 bonus target in #ES_F, now its the routine retrace/elevator down sell. 6990 failure triggered down to 6964 as posted and stuck here for 30mins. Bulls must recover 6978 to see 6990, 7002, 7006+.
6946-49 backtest remains below
Adam Mancini@AdamMancini4
After yesterday's 120 point rally from the 6899/6935 Failed Breakdown (which got to 7022 bonus), I posted little to do but wait for next elevator down dip, and finally getting it. 6990 fail triggered to 6978 as posted. 6964, 6946-49 next per newsletter Bulls must reclaim 78
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@Para_Capital Usually very bullish. Accumulation/consolidation before a big move. Personally I think we see the break today.
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Does anyone have any thoughts on the odd price action for $NBIS
It continuously builds (usually outside of market hours) pops over $100 and then gets violently ripped down towards low $90.
It keeps repeating this cycle like clockwork.
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