Classic trend reversal retracement -Bear flag directly into one of the last imbalances (on 30m timeframe) - Breakdown to 393 area very possible in the next month or two - ~10% drop from current levels, would put QQQ squarely in correction territory - Upside is that 393 area looks to be a very strong (and fresh) support
The chart posted is what I see forming within the correction phase . as you can see the Dia and Iwm are showing some real sights of weakest the game of musical chairs one by one drop off So far best of trades Wavetimer
QQQ had a bad week last week after trying since February to break long term resistance of the Blue trading channel. There was a lot of momentum but ultimately after being squeezed between resistance of the blue channel and support from black channel midline, it was time to take profit for the big guys. Clearly, inflation readings and uncertainty about interest...
QQQ on the daily chart hit a hpivot high on 3/21 followed by a slight downtrend of 1-1.5 % overall this past week. Buying volumes are low. The Price Momentum Oscillator has reversed to bearish and the Raltive Trend Index has entered the chop zone and is heading bearish. Price is presently one standard deviation above the intermediate-term anchored VWAP....
The chart posted is in a well defined channel that is parallel we are now retesting it . if we were to Break it . that would be BAD thing . But if we break it and close back above that that would be a GOOD thing .We had the Vix cycle peak come in within 1.5 days of the 4/15/4/17 and we are setting up for Moves in Both directions . Trade it this way
NASDAQ:EA Entry: 127.24 Target: 128.85 Stop-loss according to your risk appetite. Not more than 1:1. Indicators also showing a bullish trend. Trade will become invalid if the stock goes below $ 125.11 first before the entry level.
Slight correction is expected but long term trend line remains with target price of USD520 by 2025
Instrument: QQQ Direction: Long Time Frame: 1W Upper Target: 100DSMA Lower Stop: ~413 (New Rel Low) Reference Weekly Monday Journal for basis.
I have zoomed out to larger timeframes on AMEX:SPY to come up with some larger / longer timeframes. Here is what I started with; the weekly chart (shown) then zoomed out to the Monthly Chart (not shown) to draw the February 2009 trendline. I came back to the weekly to find the March 2020 trend. I then looked that the latest run starting in October 2023. That...
Premarket levels have been working pretty good. Come join the team and bank!! Upside Targets: *419.98 - 421.07 - 422.90 Downside Targets: *418.55 - 417.29 - 415.22 Daily Trend Tracker *DXY - Bullish - *VIX - Bullish - *US10Y - Bullish
MARKET OVERVIEW A weak bounce in the market this week, which lifted stocks modestly off their lows though most stocks are struggling to recover a significant portion of their recent losses. Tonight, Meta Platforms ( NASDAQ:META ) is adding more downside pressure on growth stocks after it announced weak guidance numbers and the stock collapsed $75 lower in...
The moment alot of the bears have been waiting for. I think we will finally get a healthy pull back in the indexes. Watch the video for all the reasons why you should be in bear mode for a little while.
Upside Targets: *429.57 - 430.82 - 431.16 Downside Targets: Jan gap fill reject? *427.20 - 426.35 - 425.61 Daily Trend Tracker *DXY - Bullish - *VIX - Bullish - *US10Y - Bullish
NASDAQ:MAR Entry: $238.47 Target: $244.50 Stop-loss according to your risk appetite. Not more than 1:1. Indicators also showing a bullish trend.
This is the price action for AMD. If you have any doubts, make sure to DM here. I have discussed all the levels and my trade action as well. NOTE:SELLING PRESSURE IS WAY TOO MUCH
SPY on a 30 minute chart shows a rising wedge over the past week. Price is now under a nearly flat upper trendline of resistance while the support trendline is rising. The dual TF RSI indicator shows strength about 70 while the zero lag MACD shows a K /D line cross. Because of this I believe, SPY may retrace to 468 or the level of the Fib 0.5. Since SPY is...
The chart posted is that of the spy in which I posted back in March I have NOT changed the labeling as it was correct .We are at the end of wave A down and should see a rather sharp ABC rally back up to a min of 5150 and then a pullback followed by the last wave up I do think it can reach as high as 5330 this is the alt to my 5261. We are now one of the...
Make Trading Simple Again! Here are my 15 min qqq scalping zones. Upside Targets: Jan gap fill hold? *417.31 - 418.51 - 419.44 Downside Targets: Jan gap fill reject? *413.14 - 411.68 - 409.94 Daily Trend Tracker *DXY - Bullish - *VIX - Bearish - *US10Y - Bearish