Same Rising wedge here on Spy and nasdaq.
1st short target is 453 or 21ema...
I expect a bounce there followed by side ways trading to round off right shoulder for a H&S correction back to 420-430
This correction should be a 8% drop from 465 based on the size of this wedge
QQQ
Same wedge
Short entry 400-401
Will update this more later
1st short target is 453 or 21ema...
I expect a bounce there followed by side ways trading to round off right shoulder for a H&S correction back to 420-430
This correction should be a 8% drop from 465 based on the size of this wedge
QQQ
Same wedge
Short entry 400-401
Will update this more later
Comment:
When the indexes make new 52 week highs on low volume ,in its self doesnt make it bearish.... But it does mean that less and less investors are willing to buy at these prices..
Comment:
Qqq closing outside its daily Bollingerband..
Any gap up towards 400 and you short this motherfawker
Any gap up towards 400 and you short this motherfawker
Comment:
Qqq gapped outside bollingerband and will most likely close this gap today at some
398.76
398.76
Comment:
So .. Spy has closed its last gap at 464.60
Spx still has the same gap open at 4662
They could push spy up to 466 to close spx gap at some point in the day
Spx still has the same gap open at 4662
They could push spy up to 466 to close spx gap at some point in the day
Comment:
You see the tech sectors
XLK and SMH daily candles outside BBands...
This wont hold up here ...
Magnificent 7 will flush hard in the coming days
XLK and SMH daily candles outside BBands...
This wont hold up here ...
Magnificent 7 will flush hard in the coming days
Comment:
XLY daily chart..
As you can see price fell outside a rising wedge at 175 resistance...
From that, tsla has broken down and amzn is most likely to follow
Amzn 1hour chart
Rejected at resistance this morning..
145 next target
As you can see price fell outside a rising wedge at 175 resistance...
From that, tsla has broken down and amzn is most likely to follow
Amzn 1hour chart
Rejected at resistance this morning..
145 next target
Comment:
Lotto play
Aapl 192.5 puts
12/15 .22
Aapl 192.5 puts
12/15 .22
Comment:
Swinging aapl here... Tech finished its move.. iwm finished its move..
Everything is Outside Bbands now.. rate cuts are fully priced in By now .
Look at magnificent 7.. no new highs except for aapl..
.
Value stocks are the play if you're bullish
Theyll be rotating out of the tech
Everything is Outside Bbands now.. rate cuts are fully priced in By now .
Look at magnificent 7.. no new highs except for aapl..
.
Value stocks are the play if you're bullish
Theyll be rotating out of the tech
Comment:
Just went over sectors and indexes... expecting QQQ nack below 400 by EOD friday...
All indexes are now outside bollingerbands... im telling you, this wont hold.. i wouldnt be surprised to see 100% of the last 2 move wiped away by next friday
Adobe is the first victim..
All indexes are now outside bollingerbands... im telling you, this wont hold.. i wouldnt be surprised to see 100% of the last 2 move wiped away by next friday
Adobe is the first victim..
Comment:
Looks like they'll be pushing IWM back all the way to 199 which means Midcap,small tech, and banks will rally the most..
I dont think mega tech will do well
TTD calls over 75
Target 80$
I dont think mega tech will do well
TTD calls over 75
Target 80$
Comment:
NQ 1hour chart..
Trading inside a channel up until yesterdays parabolic move.. currently backtexting prior resistance.. if NQ falls back inside , we'll flush to support
Trading inside a channel up until yesterdays parabolic move.. currently backtexting prior resistance.. if NQ falls back inside , we'll flush to support
Comment:
RTY (IWM futures)
Top of the range...
Over the next 2 days we'll see if this is the end or beginning of small caps rally
Top of the range...
Over the next 2 days we'll see if this is the end or beginning of small caps rally
Comment:
The fact they are now rotating into and pumping energy sector tells you that this rally is on life support...
Aapl on plunge protection, most likely 200 will be last stop there ...
Big tech will be first to go followed by banks and cylicals...
IWM has one more gap at 201.00 that it may or may not go for ... becareful trading meme stocks, if IWM reverse all those small mid cap tech will tank
Upst
Roku
Sq
Rivian
Aapl on plunge protection, most likely 200 will be last stop there ...
Big tech will be first to go followed by banks and cylicals...
IWM has one more gap at 201.00 that it may or may not go for ... becareful trading meme stocks, if IWM reverse all those small mid cap tech will tank
Upst
Roku
Sq
Rivian
Comment:
400 incoming on QQQ.. needs to hreak back below that and 396 is next..
Warned about big tech...
Warned about big tech...
Comment:
Nq.. 100points more
Comment:
Qqq 15min chart..
Looking for a move down to 396 tomorrow if we gap down
Looking for a move down to 396 tomorrow if we gap down
Comment:
Banking sector looks the strongest.. both KRE and XLF
Both are extended but very bullish..
Both are extended but very bullish..
Comment:
Smh daily chart.. closed 3 days outside bbands .. propped up by Nvda ,AVGO, Qcom and Amat.
Looking for a pullback on chips starting tomorrow
Looking for a pullback on chips starting tomorrow
Comment:
Morning...
Futures up .. AGAIN
Nq 30min chart..
Narrow range since yesterday's close
At resistance here..
Es is even worse
Futures up .. AGAIN
Nq 30min chart..
Narrow range since yesterday's close
At resistance here..
Es is even worse
Comment:
I think we will retest 465 on spy.. if that Support holds then the marathon to ATH continues.
465 would be a retest of Spy trend line
IWM last gap at 201.00
465 would be a retest of Spy trend line
IWM last gap at 201.00
Comment:
Es 1hour chart..
Can we get an 80 point double top?
Can we get an 80 point double top?
Comment:
CL
Oil futures
80$ incoming
Oil futures
80$ incoming
Comment:
Nq 15min chart... broke wedge , then went back inside it.. if NQ trades onsidenwedge today , be prepared for a choppy day
Comment:
Choppy action... both ways..
Qqq top of yesterday's level at 406.00
If itmcant break over expect a flush back to 404
So far, boring quad witching....
Qqq top of yesterday's level at 406.00
If itmcant break over expect a flush back to 404
So far, boring quad witching....
Comment:
NQ 1HOUR CHART..
Same as qqq , pushed up to resistance here.
Same as qqq , pushed up to resistance here.
Comment:
Qqq 5min chart
.price action has formed a wedge here at 406.. still choppy trading .. ill be back on EOD
.price action has formed a wedge here at 406.. still choppy trading .. ill be back on EOD
Comment:
Pretty tame quad witching..
QqQ tagged 404 but left gap open at 403.30.
We could either head back for that gap or push back up to 406...
Another relay race, small caps and cylicals took a breather while a few tech kept everything afloat
QqQ tagged 404 but left gap open at 403.30.
We could either head back for that gap or push back up to 406...
Another relay race, small caps and cylicals took a breather while a few tech kept everything afloat
Comment:
Spy 15min.. heading into the weekend with a falling wedge here.. careful short
..
..
Comment:
Chip sector update..
Smh
Tagged resistance and closing with a gravestone doji
Smh
Tagged resistance and closing with a gravestone doji
Comment:
Just went over a few sectors ...
XLK (MSFT and Aapl)
XLV (Health)
XLE (Energy)
XLY ( Amzn and Tsla)
XLC (Googl, meta)
XLK
Rising wedge kicked off thrusday and retested friday with a pop on Msft. Looking for a follow thru sell .
XLV top of the range here... Healthcare is a big mover of the dow jones... rejected thursday and friday to retest uptrend
XLE
Weekly chart , bottom of the range here on support showing a falling wedge.. watch energy this week.
XLY daily chart
Retesting uptrend here ... extended and over bought but only bearish back below 175
XLC
Double top or ascending triangle?
71.50 is resistance here
68 is new support.
If XLC starts the week selling we could see this sector retest 68 again. A break below 68 and things get nasty
Overall 465 spy support and 400 QQQ support should be tested again this week.
XLK (MSFT and Aapl)
XLV (Health)
XLE (Energy)
XLY ( Amzn and Tsla)
XLC (Googl, meta)
XLK
Rising wedge kicked off thrusday and retested friday with a pop on Msft. Looking for a follow thru sell .
XLV top of the range here... Healthcare is a big mover of the dow jones... rejected thursday and friday to retest uptrend
XLE
Weekly chart , bottom of the range here on support showing a falling wedge.. watch energy this week.
XLY daily chart
Retesting uptrend here ... extended and over bought but only bearish back below 175
XLC
Double top or ascending triangle?
71.50 is resistance here
68 is new support.
If XLC starts the week selling we could see this sector retest 68 again. A break below 68 and things get nasty
Overall 465 spy support and 400 QQQ support should be tested again this week.
Comment:
Accidentally double posted XLE chart..
Heres XLY
Heres XLY
Comment:
Qqq 15min chart...
Resistance at 406.30... doesnt leave much room higher at the open so expect choppy and mix moves
Example. Aapl down and Amzn up..
Over 406.30 and 408 is next. If we reject at 406.30 then 404 incoming
NQ also at resistance... looks like a pennant but it can go either way
Spy 15min
Closed back testing a small wedge.
Over 470.50 and they will push for the 472
Gap close..
Under 470 and they retest wedge at 468.50
Resistance at 406.30... doesnt leave much room higher at the open so expect choppy and mix moves
Example. Aapl down and Amzn up..
Over 406.30 and 408 is next. If we reject at 406.30 then 404 incoming
NQ also at resistance... looks like a pennant but it can go either way
Spy 15min
Closed back testing a small wedge.
Over 470.50 and they will push for the 472
Gap close..
Under 470 and they retest wedge at 468.50
Comment:
Mid cap tech slumping big time this morning
Roku
Affirm
Upst
Meanwhile Oil and energy is breaking out
CVX daily chart. Gapping up over 50sma
Over 151.50 and i like the gap close at 155
Roku
Affirm
Upst
Meanwhile Oil and energy is breaking out
CVX daily chart. Gapping up over 50sma
Over 151.50 and i like the gap close at 155
Comment:
XLC almost at 71.50 it will be hard for meta to break above 342 if XLC doesnt break out
Comment:
As you can see the manipulation..
Dump SMH and XLK but pump XLC and XLY to keep things up on tech front... Hot potato
Dump SMH and XLK but pump XLC and XLY to keep things up on tech front... Hot potato
Comment:
Qqq pushing at resistance here 406.30
Will need to break across or you will see tech show weakness
Will need to break across or you will see tech show weakness
Comment:
NYA / NYSE
Falling wedge to close gap at
16,725
Chance they pump cylicals higher to close gap
Falling wedge to close gap at
16,725
Chance they pump cylicals higher to close gap
Comment:
Nasdaq, IXIC closed its last gap at 14,900
Comment:
Tech squeeze.. watch for the relay pass off to small caps and Financials tomorrow in day 48 of fawkery... most likely tech underperforms and some of todays movers pullback
Iwm still has 201 gap to close
Iwm still has 201 gap to close
Comment:
Spy 30min chart...
Ascending triangle or double top..
Normally with how overbought the ES and NQ are i would say this would be a double top
Ascending triangle or double top..
Normally with how overbought the ES and NQ are i would say this would be a double top
Comment:
Possible H&S on SMH and XLK 1hour chart .. let's see how tomorrow plays out
Comment:
Relay race..
NVDA most likely 490 gap close today..
Watch MSFT, if they push it pass 375, they will pump it as plunge protector.
Dont like spy calls below 474... above 474 and spy could see 476.30
Spy support is 471.. only like the short below that..
Inbetween is chop
NVDA most likely 490 gap close today..
Watch MSFT, if they push it pass 375, they will pump it as plunge protector.
Dont like spy calls below 474... above 474 and spy could see 476.30
Spy support is 471.. only like the short below that..
Inbetween is chop
Comment:
NQ 30min chart..
Normally when you see the NQ 2-4hour moneflow this Overbought there is at 2-3 percent pullback.. the fact they are propping this up still has me wondering if the low volume holiday squeeze i was expecting next week is already underway.
Normally when you see the NQ 2-4hour moneflow this Overbought there is at 2-3 percent pullback.. the fact they are propping this up still has me wondering if the low volume holiday squeeze i was expecting next week is already underway.
Comment:
The same money that went into NVDA yesterday will be rotated into another magnificent 7 to offset NVDA drag on the QQQ...
Qqq would have to break back below 406.30 to become bearish.
Resistance is at 408.71
Over that 411..
Below 406 and we close gap at 403.37
Qqq would have to break back below 406.30 to become bearish.
Resistance is at 408.71
Over that 411..
Below 406 and we close gap at 403.37
Comment:
Looking for the pullback here on meta at 353-354..
Horizontal line zoom out on the weekly resistance
Horizontal line zoom out on the weekly resistance
Comment:
YM1 dow jones futures..
Broke out ascending triangle here.. dow could keep climbing today
Tsla 258 resistance most likely it'll tag it today but can it break?
Broke out ascending triangle here.. dow could keep climbing today
Tsla 258 resistance most likely it'll tag it today but can it break?
Comment:
Meta respected 354 resistance.
Look at XLC .. 72.50 is gap resistance
.. i think googl and meta pullback like nvda tomorrow
Look at XLC .. 72.50 is gap resistance
.. i think googl and meta pullback like nvda tomorrow
Comment:
Qqq 15min..
Tagged ATH and top of the channel..
Now flush dammit
Tagged ATH and top of the channel..
Now flush dammit
Comment:
Nq 30min chart..
Rising wedge..
Its possible but we need to reverse here at 17,000
For a 2% flush
Rising wedge..
Its possible but we need to reverse here at 17,000
For a 2% flush
Comment:
Mid cap tech and small caps cylicals were weak yesterday.. today they outperform while big tech underperforms today...
Usually when this happens you could just long big tech at EOD for the ponzi relay but i think it all flushes tomorrow
Usually when this happens you could just long big tech at EOD for the ponzi relay but i think it all flushes tomorrow
Comment:
Ill be back on EOD..
I Shorted META at 353.30...
Looking for 347 back test..
I Shorted META at 353.30...
Looking for 347 back test..
Comment:
Nothing has change since earlier.. market was kept propped on low volume all around..
Covering here on Meta... wanted 347 but 350 is vibranium...
Covering here on Meta... wanted 347 but 350 is vibranium...
Comment:
Qqq at ATH resistance..
Dow jones 37,500 is now
resistance, over that and 38,000 is next
IWM stubborn still has 201.00 gap left open
Needs sellers to sell! If sellers on vacay we squeeze hire on algos
Dow jones 37,500 is now
resistance, over that and 38,000 is next
IWM stubborn still has 201.00 gap left open
Needs sellers to sell! If sellers on vacay we squeeze hire on algos
Comment:
Iwm closed final gap..
Good risk and reward entry for some shorts.. But i dont think anything gave a short signal today other than being over bought or at resistance
Good risk and reward entry for some shorts.. But i dont think anything gave a short signal today other than being over bought or at resistance
Comment:
SMH... 1hour chart
2 different perspectives..
Bullish perspective
Bearish
2 different perspectives..
Bullish perspective
Bearish
Comment:
December 20-27th 2021
Market (QQQ) squeezed on low volume 5 straight days 7% up...
Market (QQQ) squeezed on low volume 5 straight days 7% up...
Comment:
Morning... Premarket action so far has wiped away that last 10min pump from yesterday..
Qqq support at 407.85
Below that and we see 406.30,
Below 406 is 403.30 gap
Spy support at 473.76
Below that 472.50 or 472.00 gap close
So things that caught my eye this morning
Dirtbags finally dropped meta below 350 overnite, 347 support, below that 344 gap close..
Energy is still steadily moving up, XLE moves over 86.00 and things will ramp very quickly.
Googl opening up at 138.00 resistance it can either flush there or pop to 140.. (Might be the market plunge protector today)
Wont be on to late today... Holidays....
Qqq support at 407.85
Below that and we see 406.30,
Below 406 is 403.30 gap
Spy support at 473.76
Below that 472.50 or 472.00 gap close
So things that caught my eye this morning
Dirtbags finally dropped meta below 350 overnite, 347 support, below that 344 gap close..
Energy is still steadily moving up, XLE moves over 86.00 and things will ramp very quickly.
Googl opening up at 138.00 resistance it can either flush there or pop to 140.. (Might be the market plunge protector today)
Wont be on to late today... Holidays....
Comment:
Day 50 of fawkery... Cant stop, wont stop..
Atleast there were no traps, never broke support, just ripped from the open..
Sellers on Vacay until January
Propped amzn monday
Propped meta tuesday
Googl today
Msft next up back to 385 by friday
Atleast there were no traps, never broke support, just ripped from the open..
Sellers on Vacay until January
Propped amzn monday
Propped meta tuesday
Googl today
Msft next up back to 385 by friday
Comment:
Sup guys...
Look for a pullback to 406.30 on QQQ at the open... if it breaks that , 404.. if it bounces at 406.30 we head back to 408..
Look for a pullback to 406.30 on QQQ at the open... if it breaks that , 404.. if it bounces at 406.30 we head back to 408..
Comment:
Close qqq puts here at 406.30 for 80%
May or may not break 406.00..
Tomorrow they will melt this up for last day before xmas monday. This im 80% sure of..
Ill be back on later guys..
May or may not break 406.00..
Tomorrow they will melt this up for last day before xmas monday. This im 80% sure of..
Ill be back on later guys..
Comment:
Chop choppy day.....
Look at the vix daily chart..
Closed yesterday over 21/20sma for 1st time since Oct.
Now outside daily Bbands approaching and 50ema/ 50sma.. i think we see a Vix crush tomorrow back towards 21ema and a low volume market melt up..
Look at the vix daily chart..
Closed yesterday over 21/20sma for 1st time since Oct.
Now outside daily Bbands approaching and 50ema/ 50sma.. i think we see a Vix crush tomorrow back towards 21ema and a low volume market melt up..
Comment:
NQ 30min chart...
3 reason market may make a new 52week high today
1.Vix crush friday
2. Last day before Xmas, markets usually melt.
3.. a better than expect PCE
Just saying , dont be surprised at fawkery
Aapl 30min chart
Bounce off 20sma yesterday at 193.50
Bottom of its channel falling wedge
197 next stop
3 reason market may make a new 52week high today
1.Vix crush friday
2. Last day before Xmas, markets usually melt.
3.. a better than expect PCE
Just saying , dont be surprised at fawkery
Aapl 30min chart
Bounce off 20sma yesterday at 193.50
Bottom of its channel falling wedge
197 next stop
Comment:
Vix 30min chart
Possible H&S forming
Possible H&S forming
Comment:
Similar price action to last fridays opener.. Michigan inflation expectation in 20min
Comment:
Indexes are all near weekly highs ..
As you can see tech stocks stuggle if qqq cant break 410...
Doubt they flush this red but QQQ and spy need to break weekly highs to move up
As you can see tech stocks stuggle if qqq cant break 410...
Doubt they flush this red but QQQ and spy need to break weekly highs to move up
Comment:
Qqq below 408. And its a short.. between 408-410 is chop
Comment:
Spy 15min
Below 474.70
And this could flush to 473.50
I dont think 473 will break..
Similar situation as qqq..
Stuck between 474-476..
Volume will get lighter after lunch.. not a good place to open a position on any side
And this could flush to 473.50
I dont think 473 will break..
Similar situation as qqq..
Stuck between 474-476..
Volume will get lighter after lunch.. not a good place to open a position on any side
Comment:
Same chop.... beware of a last hour possible pop ....
Mix day for me, stopped out on aapl calls and scalped meta short..Im done for today..
Merry christmas guys
Mix day for me, stopped out on aapl calls and scalped meta short..Im done for today..
Merry christmas guys
Comment:
I'll be back trading next week...
Haven't looked at any charts.. but i have been getting your messages.. Nothing but algos usually until 1st week of Jan... So dont commit too heavy and stay nimble..
Happy new years
Haven't looked at any charts.. but i have been getting your messages.. Nothing but algos usually until 1st week of Jan... So dont commit too heavy and stay nimble..
Happy new years
While mid cap tech and IWM underperfom..
If IWM breaks over 188 , then 191 gap close is next.. pennant formed
The acutal larger move is an inverted H&S that completes at 191