Has one more gap to close at 413 .
Short term it's overbought and due for a
pullback, eventually I expect a pullback to its yellow trendline support...
My short term pullback would be to 404
Weekly finished with 3 white solider candle pattern which indicates a possible higher high on the weekly.
Daily structure is is an inverted H&S which finishes at 414
U can't be a blind bear until the uptrend is broken ..
QQQ has a gap to close at 323 that they'll get close.
Vix hourly is showing a tight bullish wedge about to breakout
Here's the dow jones.. there's a double bottom playing out here
Which should push it up another 1%
To sum it up, the week should look like a nike check, pullback then finish at 414
Short term it's overbought and due for a
pullback, eventually I expect a pullback to its yellow trendline support...
My short term pullback would be to 404
Weekly finished with 3 white solider candle pattern which indicates a possible higher high on the weekly.
Daily structure is is an inverted H&S which finishes at 414
U can't be a blind bear until the uptrend is broken ..
QQQ has a gap to close at 323 that they'll get close.
Vix hourly is showing a tight bullish wedge about to breakout
Here's the dow jones.. there's a double bottom playing out here
To sum it up, the week should look like a nike check, pullback then finish at 414
Comment:
Wait for a drop below 407.50 to short.
409 stop loss
This is why I didn't label this a "short".. it's because of the dow, more specifically the Health,banking and energy. Those sectors aren't parabolic overbought like big tech...
I wish they'd gap this up to 413 and got it over with.. as of now I'll have to wait for a entry.
409 stop loss
This is why I didn't label this a "short".. it's because of the dow, more specifically the Health,banking and energy. Those sectors aren't parabolic overbought like big tech...
I wish they'd gap this up to 413 and got it over with.. as of now I'll have to wait for a entry.
Comment:
This is why I said not to short unless below 407.50... Prior resistance is now support
Vix has broken out of its smaller wedge and retested it. Should see a big pop on vix tomorrow 21$
Maybe finish today with a harami then see what happens tomorrow
Vix has broken out of its smaller wedge and retested it. Should see a big pop on vix tomorrow 21$
Maybe finish today with a harami then see what happens tomorrow
Comment:
2 days outside its Bollinger bands..
Pullback starts tomorrow no matter what the open is
..
Dow jones also closed with 80% of its candle outside of its bbands
Nasdaq IXIC
They played games today using apple to prop the market up
But the nasdaq is at resistance showing a rising wedge I expect a pullback there to 11,936
The pullback starts tomorrow
Pullback starts tomorrow no matter what the open is
..
Dow jones also closed with 80% of its candle outside of its bbands
Nasdaq IXIC
They played games today using apple to prop the market up
But the nasdaq is at resistance showing a rising wedge I expect a pullback there to 11,936
The pullback starts tomorrow
Comment:
Vix is about to rip
Is about another ½% to 414 gap close on spy
And 322.81 gap close on qqq
To call it an exhaustion gap would be an understatement. If they don't close 414 gap before Jolts , wait until after jolts to see what happens.. I'm expecting a reversal shooting star candle today
Is about another ½% to 414 gap close on spy
And 322.81 gap close on qqq
To call it an exhaustion gap would be an understatement. If they don't close 414 gap before Jolts , wait until after jolts to see what happens.. I'm expecting a reversal shooting star candle today
Comment:
This is NQ (Nasdaq futures)
Notice the minor Invertered H&S that led to today's pop? The move is now completed ..
we should pullback to 13,200, but we need to break 13,200 for a double top to 13k..
I'm highlighting NQ because tech is pushing Spy higher
This is NQ (Nasdaq futures)
Notice the minor Invertered H&S that led to today's pop? The move is now completed ..
we should pullback to 13,200, but we need to break 13,200 for a double top to 13k..
I'm highlighting NQ because tech is pushing Spy higher
Comment:
Remember yesterday I said that 407.50 was support?
Today it's 409.. stay nimble if it doesn't fall below that area..
Today it's 409.. stay nimble if it doesn't fall below that area..
Comment:
Back inside channel
Next target 407.50
Below 407, 404
A few more fed speakers today , let's see what happens... double top playing out on qqq 1hour chart
Next target 407.50
Below 407, 404
A few more fed speakers today , let's see what happens... double top playing out on qqq 1hour chart
Comment:
Criminals trying to prop this up with Msft and Aapl.
Here's XLK the tech sector ..
Rejected at Fib area .236
Rising wedge
MSFT and aaple correction is coming Very soon
Here's XLK the tech sector ..
Rejected at Fib area .236
Rising wedge
MSFT and aaple correction is coming Very soon
Comment:
Vix
Break out is coming in the next 2 sessions
Break out is coming in the next 2 sessions
Comment:
Here's qqq 1hour chart..
You can see the double top, but the right top is forming a falling wedge. Careful if your short odte or 4/6
It could break support and flush but it could breakout too .
You can see the double top, but the right top is forming a falling wedge. Careful if your short odte or 4/6
It could break support and flush but it could breakout too .
Comment:
If spy closes under 409 that would be a bearish engulfing .
ADP non farm tomorrow Premarket
Then ISM at 10..
ADP non farm tomorrow Premarket
Then ISM at 10..
Comment:
XLK. Broke support.. tomorrow if Economic news is received bearish tech will dump hard
I've been short MSFT since 290 gap close..
My target this 281 gap close
Good luck on your swings ..
I've been short MSFT since 290 gap close..
My target this 281 gap close
Good luck on your swings ..
Comment:
Nq 1hour chart..
Could either be a double bottom or
H&S playing out here..
Either way, the best short is
Metal stocks
Bank stocks
IWM 170p
But if tech sells that would help..
Wait for a drop below 407.50 for an entry..
Could either be a double bottom or
H&S playing out here..
Either way, the best short is
Metal stocks
Bank stocks
IWM 170p
But if tech sells that would help..
Wait for a drop below 407.50 for an entry..
Comment:
407 support
409 resistance.
Only short below 407 IMO
Target would be 404
409 resistance.
Only short below 407 IMO
Target would be 404
Comment:
Qqq oversold on 15 min..
Nq oversold on 1hour..
Cover if your odte or 4/6 short..
I'm out of Msft.. and sitting on cash until tomorrow
Nq oversold on 1hour..
Cover if your odte or 4/6 short..
I'm out of Msft.. and sitting on cash until tomorrow
Comment:
Aapl wants 162.50
Until then market drags lower
The biggest thing is qqq is now in the process of a double top correction to 306.
Will probably close 313 gap and push spy to close 403 next
Long term it's a short but as a day trader you want to try to avoid gap ups against you..
Resistance on QQQ is 317.50 and 315.50.
I'd like to see a soft gap up on weekly jobs tomorrow and a continuation in selling
Vix is in lala land
Pushing up to resistance but not volume behind it.. maybe will have to wait until next week .
Until then market drags lower
The biggest thing is qqq is now in the process of a double top correction to 306.
Will probably close 313 gap and push spy to close 403 next
Long term it's a short but as a day trader you want to try to avoid gap ups against you..
Resistance on QQQ is 317.50 and 315.50.
I'd like to see a soft gap up on weekly jobs tomorrow and a continuation in selling
Vix is in lala land
Pushing up to resistance but not volume behind it.. maybe will have to wait until next week .
Comment:
#1 reason market just bounce was because the biggest sector XLK just closed its gap at 147 and bounced off support. Should see aapl and msft rebound some.
When XLK breaks 147 , the next leg down will begin
When XLK breaks 147 , the next leg down will begin
Comment:
Last update here ..
Dow jones which was holding support all morning is now
Health care and energy both prop up the dow so if health pullback we will see an offset from tech rebounds .
Dow needs to close above 33,250 or that's a bearish harami setup..
The best trade for a dow sell off right now is Boeing short below 208.. see my ideas.
I'm gone for today guys . See you'll tomorrow
Dow jones which was holding support all morning is now
Health care and energy both prop up the dow so if health pullback we will see an offset from tech rebounds .
Dow needs to close above 33,250 or that's a bearish harami setup..
The best trade for a dow sell off right now is Boeing short below 208.. see my ideas.
I'm gone for today guys . See you'll tomorrow
Comment:
Posted an update with an Idea under QQQ.. too much to repost here.
Comment:
XLV - Health sector kept the spy afloat .
It's also a defensive play when there is recession fear..
Today XLV finished right at fibonacci resistance and 3 days outside its Bollinger bands. Tomorrow Healthcare will pullback.
Energy rallied also XLE.
Looking at oul futures CL
You'll see 82 is tough to break over...
So I think XLV 90% pullback
XLE 60% chance.
Banks - XLF are the Wild card here.
Looks like a H&S on 1hour?
I don't think the sell is over .
Let's see how premarket shakes up after weekly job report
It's also a defensive play when there is recession fear..
Today XLV finished right at fibonacci resistance and 3 days outside its Bollinger bands. Tomorrow Healthcare will pullback.
Energy rallied also XLE.
Looking at oul futures CL
So I think XLV 90% pullback
XLE 60% chance.
Banks - XLF are the Wild card here.
Looks like a H&S on 1hour?
I don't think the sell is over .
Let's see how premarket shakes up after weekly job report
Comment:
Usual fawkery premarket.
Unemployment claims came in week So t
I was looking at QQQ premarket.. spy will only hold up if tech will!
Tech is bearish below 314...
I'd wait to short anything on the market unless QQQ breaks 314.
If QQQ doesn't break 314 then they might buy it up today...
This is why I didn't want to swing anything.
I'm not a bull or bear, I'm here to make money either way
Unemployment claims came in week So t
I was looking at QQQ premarket.. spy will only hold up if tech will!
Tech is bearish below 314...
I'd wait to short anything on the market unless QQQ breaks 314.
If QQQ doesn't break 314 then they might buy it up today...
This is why I didn't want to swing anything.
I'm not a bull or bear, I'm here to make money either way
Comment:
Qqq went down to 313 and they never broke it...
They will buy this up...
Calls for today
They will buy this up...
Calls for today
Comment:
Apple double bottom on the 1hour.. closing gap at 165.60.
Qqq will probably push back up to 317.50
Qqq will probably push back up to 317.50
Comment:
Qqq
Over 316.15 and they will push this back up to resistance via double bottom
317.50 -318..
Not worth it to me to short anything now.
Nflx closed its 333 gap
Nvda bounced off support
Tsla bounced off 180
Amzn held 100
Over 316.15 and they will push this back up to resistance via double bottom
317.50 -318..
Not worth it to me to short anything now.
Nflx closed its 333 gap
Nvda bounced off support
Tsla bounced off 180
Amzn held 100
Comment:
Nvda 275 calls
It's closing gap
Double bottom
268 stop loss
It's closing gap
Double bottom
268 stop loss
Comment:
Spy headed back to 409
Comment:
Whenever you see "HYG" move higher.. Tech will soon follow.. throw up a comparison layout of qqq over hyg
Comment:
Spy hit target of 409
Qqq hit target of 317.50
If you are shorted dated or ODTE tighten your stops..
If you are long dated, vix is at 18.70
Has a gap at 18.50 to close
And job report tomorrow ... careful with the swing.. Market closed til Monday
Qqq hit target of 317.50
If you are shorted dated or ODTE tighten your stops..
If you are long dated, vix is at 18.70
Has a gap at 18.50 to close
And job report tomorrow ... careful with the swing.. Market closed til Monday
Comment:
Maybe some EOD push.. aaple flagging here to close gap at 165.60
Comment:
How much lower can the vix go?
For the spy to close gap up monday I would say the vix would need to go to lower than 18.00 down to possibly 17.00
For the spy to close gap up monday I would say the vix would need to go to lower than 18.00 down to possibly 17.00
Comment:
Dow is struggling at 33,500 while tech is pushing still and thus spy is choppy.
The crazy thing is, the chip sector didn't even contribute today and the QQQ didn't even blink an eye...
So going long looking at the vix makes me anxious. But Google has broken out and will most likely close gap at 110 next week.
Msft want 296
So how do you short spy?
The crazy thing is, the chip sector didn't even contribute today and the QQQ didn't even blink an eye...
So going long looking at the vix makes me anxious. But Google has broken out and will most likely close gap at 110 next week.
Msft want 296
So how do you short spy?
Comment:
Look at XLY and TSLA 15min charts
Do you see the inverted?
no bull goes into Easter broke lol
Do you see the inverted?
no bull goes into Easter broke lol
Comment:
319 gap close on QQQ EOD
80% chance.
320 on qqq if apple breaks over 165
80% chance.
320 on qqq if apple breaks over 165
Comment:
There's bearish divergence on all 5min charts but they keep melting up
Rsi has been rolling sideways on
Qqq
Spy
Aapl
Msft
Meta
While price is rising..
Algo pump is in... save your shorts if you want last 5min better yet last 2min lol ..
Rsi has been rolling sideways on
Qqq
Spy
Aapl
Msft
Meta
While price is rising..
Algo pump is in... save your shorts if you want last 5min better yet last 2min lol ..
Comment:
XLE dragging.. double top forming and XOM (ExxonMobil mobile)
XLV Healthcare still over and will probably pullback early next week
Dow wants to dump Msft and Financials keeping it up
XLV Healthcare still over and will probably pullback early next week
Comment:
Qqq is literally at the top of its channel..
Bad place to chase a long IMO
Finishing the week with a spinning top candle ,Harami setup.
It's crazy how we finished the week the way we started with 5 tech names doing all the pushing and carrying. Like how is Qqq up almost 1% and so many tech names are red?
I bought meta puts at the open today, and got stopped out for a 12% loss.. then I hopped back into apple calls and rode it from 162-165...
All my home work told me to short this market today but that's the difference between a chartist and a trader; Traders pivot better because there's less ego attached when you're going with momentum.
Lastly here's NQ 1hour chart..
We're closing right at resistance here..
Which means if the job report goes south we tank Hard...
I'll do a new spy post this weekend . Peace
Bad place to chase a long IMO
Finishing the week with a spinning top candle ,Harami setup.
It's crazy how we finished the week the way we started with 5 tech names doing all the pushing and carrying. Like how is Qqq up almost 1% and so many tech names are red?
I bought meta puts at the open today, and got stopped out for a 12% loss.. then I hopped back into apple calls and rode it from 162-165...
All my home work told me to short this market today but that's the difference between a chartist and a trader; Traders pivot better because there's less ego attached when you're going with momentum.
Lastly here's NQ 1hour chart..
Which means if the job report goes south we tank Hard...
I'll do a new spy post this weekend . Peace
May is usually bearish like March and September.
399-413 for april?