Latest update for Apple. We may see some sort of recovery in July, which may see markets across the board move up. If we break the selling trend, it will have created a head and shoulders when selling continues downward. Again, this is a possibility, as selling might intensify.
Atlanta Fed has revised their Q2 GDP down to -1.0%, putting the US in recession. This...
Keep it simple, I will be back with more updates from now on. Meta is currently sitting at its channel support looking for either another touch of support. My bet is we head up to fill this gap. I will keep yall updated on the moves throughout the week.
SPY Daily providing brief directional opportunities for acute trades to the upside. Higher levels of conviction support the control held by sellers in the market auction; With a volume shelf last revisited and sustained notable in March 2021. After holding fair price of 377.03, the next critical level on watch for acceptance or rejection of fair value is 381.58,...
AMD 1D I AMD is testing support near our trend. We have a bullish divergence on the RSI and earnings coming up. If $70 holds we can see a relief rally into earnings.
TSLA 1D I Attempting to make a higher low on the daily, but still looks bearish below $685. Support at $660 and $625. Resistance near $685 and $710!
QQQ 1D I QQQ is trying to make a higher low....
Hello 🐋
Based on the chart after a long time, correction to the downside the price is close to the major support ✔️
if
the price doesn't break the major support to the downside we will see more gain from here beside, the range market is an acceptable scenario too 📖💡🚀
otherwise
we can see more gain from the previous low ❌🧨
Please, feel free to share your point...
The Nasdaq composite index did tag the 200 week average last week. This technical measure has proven itself as a trend filter and decent support throughout the history of the index. The measure was even support for several squeezes in 2008 before the shoe dropped in September of that year. Seasonal tendencies are also positive into mid-July.
-Jamie Saettele
This chart shows that there was a major trend reversal in the relative performance between Nasdaq stocks (QQQ) and S&P 500 stocks (SPY).
In May, the QQQ/SPY performance ratio reached an extremely significant bottom. It reached the 55-month EMA (orange line), which is also the base of the monthly EMA exp ribbon. Chartists use this base to detect significant...
A new update for Apple. We hit all of our targets with "Bitten Apple" chart. We saw this bounce coming. The market sold off too steep too fast, and we can always expect a pull back on these steep sell offs. This bear market rally may continue for a few more days before another wave of selling resumes.
The data supports a bear market and recession. The data...
Since last week I have been warning that there will be a short oversold rally after FED testimonies in Congress & Senate but the worst is not yet over despite retailers rushing to buy the dip & exchanges trying very hard to keep BTC above the impt 20k in order to prevent mass selling.
NDX Nasdaq 100 has been making a downchannel since it turned down after...
TQQQ - Still has some way to fall (within trend channel).
Given that this uptrend cycle started in 2011 is probably over given the new rate rising cycle, the bottom trendline channel will not hold either.
Indicators show nothing, overlay indicates whipsaw. Weekly options expiration, plus probably a short covering rally EOD. Probably not a good day to trade.
Gonna wait until Tuesday when it hits the green line. Maybe buy one or two MSTR puts EOD if Bitcoin looks like it might tank over the weekend.
SQQQ is the ETF that tracks the Nasdaq 100 ETF (QQQ) inversely. When tech stocks fall, SQQQ rises. Traders therefore use SQQQ to short tech stocks.
This is the first time, in its 12-year history, that SQQQ shows a fully red heatmap of the daily timeframe. A fully red heatmap represents extremely overbought conditions.
This is worse than the bottom in March...
This is the daily chart of SQQQ.
SQQQ is the ETF that tracks the Nasdaq 100 ETF ( QQQ ) inversely. When tech stocks fall, SQQQ rises. Traders, therefore, use SQQQ to short tech stocks, or to hedge against a collapse in tech prices.
There are several bearish signals appearing in the daily chart of SQQQ, which hint that we may soon see bullish movement for QQQ...
Today, the Nasdaq 100 index erased its gains from the preceding day, hitting all our previous price targets for NQ1! and QQQ. Therefore, we would like to update our thoughts on the index. We remain bearish due to fundamental factors pointing to a strong recession. However, technical factors also support this pessimistic thesis. Due to that, we would like to set a...
This is what I was talking about early this morning. MFI now overbought.
Still a possibility of a gap up tomorrow, but I would expect it to sell off after. More whipsaw.
As shown, pullback continues for the wave 2. Since the 61.8 has been passed, would expect the 78.6 is next. Overall stock is beatdown and would expect pullback to continue in this market environment.
