QQQ

KrisVT

The volatility in the QQQs today increased. Continue to look for a retest of the Monthly UBB before the next leg up.

jconnelly

This is one of the nastiest clusters of high timeframe Demark 9’s I’ve seen in years. 2week+9day+weekly, and a daily which will print monday the 10th. I also have a daily VIX TD9 Buy which will print monday the 10th. Entirely possible this drags out into late next week but I would be getting the F out of all risk before this weekend. Maybe they’ll blow the three...

revanthpobala

Double top or double bottom. Tech is overvalued though

Drabinova

It appears as though this would be an extraordinary end of the day.

KrisVT

The lower bound of the large Blue Diamond Channel has been serving as resistance. With QQQ outside it's Monthly UBB I am looking for volatility, in the past, a return to the UBB proved likely. If SPX loses the current resistance the next .5 channel down may be in play.

hungry_hippo

Not really sure which way this goes in the afternoon, plotted both scenarios. MFI touching overbought, but usually they pump then dump. Would seem weird to just dump in the afternoon, but the market has done it a couple of times in the past 2 weeks. FAANG socks look weak.... No positions besides SMSI for earnings tomorrow.

Dr_Roboto

Clearly in a corrective wave sequence. Last time I saw this was right before the S&P 500 made a 7% drop a while back. Question is where to next? More sideways at current level for a day or two, then something Moderate correction with more sideways waiting on stimulus before making a move Moderate correction with new motive wave to bubble to the market to...

KrisVT

I do not find any examples in the chart where this is sustained over the entirety of a month.

pro_msibi

Put a short sell and never forget to protect your account (SL)

Dr_Roboto

Wave analysis all the way back to the beginning of NASDAQ (zoom out and pan around). Focus on last major motive wave sequence. If my analysis is correct, then it looks like the NASDAQ may be at the end of its run. Also, I added the final motive wave from the dot com bubble over the current motive wave. As you can see, the NASDAQ is currently a bigger bubble than...

PontusTrader

It's so comical, AAPL respects daily bbands to the upside very well. Never mind the huge rising wedge there.

x05

Tech is back at it again with the overhyped, overvalued plays. Negative revenue? Pshh that's ok they're going to stop burning cash in 10-20 years just hold! 1500 P/E ratio? It better be above 1000 or it's not hot enough to buy! If we crash, it'll be back in a few months, wont take 10 years right? Good luck, become a millionaire today!

IndexVision

One month ago I´ve mentioned, that we very likely see 11.000 in the TVC:NDX . And maybe this was the last bull run. Read also my analysis about Tesla. The hype in Tesla describes it perfectly, that the market got crazy. Now we might see a phase of some cash outs and profit taking. July, August and September are also not the best monthS to be invested on the...

scheplick

A really simple chart that I want to share to show the outperformance of tech the last few months. The Nasdaq-100 is now up 23% YTD. 23%! Who saw that coming after the March crash? Not many. It will be interesting how much higher the tech sector can go, but it sure is fascinating to watch. In a way, it's the ultimate pain trade for a lot of the legacy investors...

TheGreatBatsby

Head and shoulders is playing out, didn't measure out moves officially, but eye ball is SPX - 3120ish, NAS - 9990ish, DJI - 25.6k. This pullback is HEALTHY, and much needed. Honestly ask yourself, was there any good opportunities out there today? I couldn't find anything interesting for the past 2 days, everything is over valued at the moment. Of course as...

aaronsmth5

QQQ will likely see a large pullback when the stimulus bill that is priced in does not pass as quickly as expected. It would be a perfect time to open short positions over the weekend...ya I said that, never thought I would say that. I suspect this MM pump on earnings for tech stocks will be a great exit point for those in power/insiders. I expect a healthy 15%...

SwingPyro

Exponential growth.. Just like Moore's Law Bearish argument can be drawn by Elliott wave. ie. "5 wave up is done need correctional 3 wave incoming"

JohnnyBullXRP

SQQQ - Currently sitting on the 1.618 (non-log) retracement from the last major swing low to high. - RSI showing some macro divergences - MACD as well #NasdaqIsABubble