Change of Character

May 12, 2026 By in Artificial Intelligence, Dr. Elder, Semiconductors, SOXS, SOXS-26-03, SOXX, Wyckoff Leave a comment

Like a Chameleon

Several days ago, a Wyckoff characteristic was identified, ‘shortening of the thrust’, indicating the potential end of a move, link here.

Now, we have a ‘change of character’, another reversal potential.

As a reminder, we’re dealing with probabilities; each nuance adding to the next. This is not a forecast.

Semiconductors SOXX, 4-Hour

The chart shows a series of upward thrusts, identified by Elder’s Force Index (blue arrows), with a corresponding market move, the black arrows.

Question:

Before rushing to the answer below, what’s different about the last blue/black arrow pair on the far-right side?

Answer:

On every single arrow pair except the far right, price action ends higher than the previous 4-Hour bar.

Check with your own chart package to see if this isn’t true.

On the last arrow pair, the close of the 4-Hour bar is below the previous 4-Hour high.

The SOXX has changed character (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

SOXX Goes ‘Parabolic’

May 11, 2026 By in Artificial Intelligence, Semiconductors, SOXS, SOXS-26-03, SOXX Leave a comment

We’ve Seen This Movie Before …

Two days ago, was this comment:

“This move has gone parabolic, very much like the silver top and collapse from my perspective.”

Now, today, we have this, link here.

With that, let’s move on to the chart.

Semiconductors SOXX, Daily Close

Closing price action has gone (almost) as far as it can and still maintain ‘shortened thrust’ structure (not advice, not a recommendation).

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Affirm Reversal

May 10, 2026 By in AFRM, Up-Thrust Leave a comment

Fibonacci Retrace

The up-thrust reversal shown at left (black arrow), is at both a Fibonacci 50% retrace as well as 38.2%, on a longer time frame.

‘Normal’ market behavior is to come back for a test (not advice, not a recommendation).

If that happnes, we’ll cover more detail at the next session.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

SOXX, Net (up) Slows

May 9, 2026 By in Artificial Intelligence, Semiconductors, SOXX, Wyckoff 4 Comments

Wyckoff Concept

A Wyckoff tenet concerning directional moves, is ‘shortening of the thrust’.

As a move nears its end, net upward progress between thrusts, shortens.

On a closing basis, we see the SOXX launching ever higher but net progress after pullbacks, is getting shorter (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

CrowdStrike, Goes Vertical

May 8, 2026 By in Artificial Intelligence, CRWD, CRWD-26-01, Ox Talks Leave a comment

While The Narrative Unravels

Yesterday’s update on CrowdStrike, said that Fridays were typically biased to the upside.

Well, that’s what happened and a bit more than expected.

A.I. Narrative Blow-Out

Before getting to the chart, a reminder the A.I. narrative’s unraveling in real-time, big time, links here, and here (not advice, not a recommendation).

The chart shows going vertical into the close of the day.

Note the resistance zone.

CrowdStrike CRWD, Daily

As shown, volume and Force Index contract as price action rises into the resistance area.

We’re now on to the weekend.

One has to wonder, what A.I. implosion will happen next.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

CRWD, Penetrates Resistance

May 7, 2026 By in Artificial Intelligence, CRWD 1 Comment

Now, In Position

The last update on CRWD, was here.

Comments to posts in general, may provide more clarity.

From back March, we had this:

“Now, with all of that said, for me to enter short, I’m looking for something very specific. I’m looking for a certain kind of price action behavior at, or above the resistance area noted.

An up-thrust (in this case) or a spring has a unique kind of movement when watching in real time. Sort of a ‘last gasp’ type of action.

So far, I’ve not seen that in CRWD.”

Fast-forward to now.

Price action penetrated resistance on news, link here.

The important part, is what comes next.

As of today, we’re at 53-Days from the February 23rd lows; well within margin at this time scale for a ‘Day 55’ top (not advice, not a recommendation).

Fridays are typically biased to the upside. Let’s see what happens next.

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Uber at Resistance

May 6, 2026 By in DASH, Michael Bordenaro, Spring-to-Up-Thrust, UBER, Up-Thrust Leave a comment

Earnings Release

With anecdotal evidence the ‘gig’ economy is having trouble, link here, Uber is at resistance.

Earnings were released before the regular open; the response was a gap higher.

That gap and subsequent action, shown below.

Uber UBER, Daily

Volume was heavy, indicating the potential for continued upside (not advice, not a recommendation).

The chart shows we’ve just penetrated well-established resistance; now, slightly below the 38.2%, retrace level.

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

eBay’s ‘Island Gap’

May 5, 2026 By in EBAY, EBAY-26-02, Spring-to-Up-Thrust, Up-Thrust, Wyckoff Leave a comment

From, All-Time Highs

If it holds, it’s an island gap-down from all-time highs.

The repeating spring to up-thrust set-up, is also shown.

We’re still in a terminating, rising wedge, at the extremes.

We’re also at The Danger Point®, where the risk on a short position is least (not advice, not a recommendation).

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Booking, The Short

May 4, 2026 By in BKNG, BKNG-26-05 Leave a comment

As Expected

It’s been several days (here, and here), outlining the potential for downside in Booking, BKNG.

Today’s session performed as expected.

Entered short (BKNG-26-05) early, with a stop at the day’s high (not advice, not a recommendation).

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Booking … The Details

May 3, 2026 By in BKNG 1 Comment

Low Volume

Last Wednesday, BKNG price action penetrated the wedge boundary, then recovered.

The next day, downside pressure, closing below the trendline.

Then, Friday attempted an upside test.

Price action was weak and the volume was light.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279