Hourly downtrends confirm on all mega cap tech and QQQ/ SPY will see if bears are serious about confirming daily and 4h downtrend in the next couple trading days.
Hourly downtrends confirm on all mega cap tech and QQQ/ SPY will see if bears are serious about confirming daily and 4h downtrend in the next couple trading days.
MSFT suppressed by the 3.000 level of the golden section This chart shows the weekly candle chart of Microsoft stock in the past two years. The graph overlays the low point at the end of October 2022 against the golden section. As shown in the figure, Microsoft's stock has reached another new high this week, breaking through the highest point at the end of...
The NASDAQ100 is currently sitting at the 0.886 and 1.618 PCZs of big Bearish Shark and Bearish Butterfly patterns as the indicators hover around the overbought zones; we don't exactly have much confirmation yet that these PCZs will hold, but it seems like it wouldn't be a bad idea to position against the QQQ early on via some SQQQ monthly calls and perhaps...
NASDAQ:MSFT Here is TA based on EW, I have no idea it will work or not, I never use EW as my trading strategy, but it's good to have an idea based on it, if it works then we should expect at ATH.
- Even though we are quite extended on QQQ, bears still have no confirmed a hourly downtrend in the last 7 trading days that will be the first thing I will be looking for. - As of now continue to follow the trends
Our pivot point is at 104.23. Our preference "Target 91.60" then Upside $ 111.29 Comment The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands above its 20 period moving average (102.64) but below its 50 period moving average...
NASDAQ - BEARISH INTERNAL CYCLE Price it's on Panic Area (-0.382 - 0.00%) from Bearish Internal Cycle I Suggest open SELL positions / take profits from bought stocks listed on Nasdaq at current price - SL: ABOVE PANIC LIMIT AREA (17094.04) - TP 1: 12849.15 - 12231.24 (50-61 %) - TP 2: 10442.74 (100 %) ADDITIONAL CONFIRMATIONS: -APPLE Stock on same situation.
The Price looks like heading to the Daily Support Zone around 342.
- I cant stress enough to follow the trend on these stocks, there will be a time to short when we see daily downtrend confirming - FIRST STEP for bears is we need a hourly downtrend for anything to really happen - As of now all mega tech are still healthy
- I cant stress enough to follow the trend on these stocks, there will be a time to short when we see daily downtrend confirming - FIRST STEP for bears is we need a hourly downtrend for anything to really happen - As of now all mega tech are still healthy
Key News: UK - GDP (MoM) (May) USA - Initial Jobless Claims USA - PPI (MoM) (Jun) Despite relinquishing some of its gains, the Dow Jones Industrial Average concluded Wednesday's trading session on a higher note. This positive finish was primarily attributed to a decline in Treasury yields and a surge in the tech sector, fueled by data indicating the...
I am providing a crucial update regarding the recent news of the Federal Trade Commission's (FTC) decision to appeal against the proposed merger between Microsoft and Activision. This development has significant implications for the tech industry, particularly for those who have invested or are considering investing in Microsoft stock. The FTC's decision to...
As long as we have mega cap techs holding sideways and rest of the market breath catching up it is good for the bulls and we may continue to see grind up from the market overall. - Very first step i want to see from the bears is an hourly downtrend for me to even pay attention to a short swing. - entered YINN for lagger bull play.
As long as we have mega cap techs holding sideways and rest of the market breath catching up it is good for the bulls and we may continue to see grind up from the market overall. - Very first step i want to see from the bears is an hourly downtrend for me to even pay attention to a short swing. - entered YINN for lagger bull play.
It doesn't take ChatGPT to realize that a big ETF like this is a certain laggard in comparison to the top 10 blue chips that make it up
hello freinds this chrt we shows that this market will know an up trend one next days when i recommend buying with a fort probability with a fort probability good luck
Although QQQ closed flat today, lots of mega cap tech stocks formed daily downtrends, such as AMZN GOOGL AAPL, so we have to be open to QQQ having a slightly more pullback in the next coming days but breath in the market is really good today so its a good sign for the bulls as money rotates around.