If we use the Elliots Wave like in 2022, this is how it may play out. The selling has been steep enough to apply the Elliots Wave here. Catalysts for Oct is a hotter than expected CPI/PPI, especially with fuel inflation rising and fuel prices rising back near record highs. Bearish Technicals: (1-Week) - RSI - MACD - MFI ----- On the contrary, these moves...
Let's take a look at the Russel 2000. This index seems to be the only one between the Dow, Nasdaq, and S&P that is failing to break to new ATH while they are. What we're seeing is a triple top/triple resistance in Aug 2022, than again February 2023, and again August 2023 which was confirmed with a break down to the lows of October 2023 before more manipulation...
QQQ's price has approached the resistance trendline at the top of the trading channel since 2010. It's crucial to monitor this line for a potential breakout. If we observe an upward breakout followed by clear confirmation, it could resemble another "bubble" similar to what we saw in 2021. Otherwise, the price might continue its upward trend while trading sideways...
... for a 3.60 credit. Comments: Laddering out at intervals, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I've already got March, April, and May rungs on, so going out to June here.
Hi guys, -- I'm back with another weekly preview of NAS. US interest rates are at all time high and NAS is also touching its all time high as soon as US decreases interest even a little bit NAS could go up. projections are based on flag.
Back to bullish position removing hedges. Clearly any sort of hedging of a market moving up in a straight line is a losing proposition. The key is to not lose out too much be appropriately adjusting the amount of hedging based on market conditions. This is why it is important to be actively hedging.
... for a 3.96 credit. Comments: Targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit. Laddering out in longer and longer duration at intervals ... .
NYSE:TGI I have had my eyes on this one since the big volume breakout on December 21st. I did not want to chase it, so I have been waiting for a pullback and re-breakout. I have that this morning. See chart for notations. I started a one third size position here with a stop on any close below the breakout trendline. Ideas, not investing / trading advice....
On this 15-minute chart I have installed an indicator twice- to compare the relative strength of several symbols /stocks in its customization. One is set up for a 15-minute time going back 4 trading days while the other on the right 5 minutes with a lookback of only 30 minutes ( fully customizable). See comments in text boxes on the chart. I believe that...
... for a 355.08 debit. Comments: Buying a one lot and selling a -75 delta call against to emulate the delta metrics of a 25 delta short put, but with a little richer premium due to call IV skew. I already have February and March setups on, so setting up my tent out in April here.
$483 coming soon 💭... $470 by EOM.. I've got a repetition of July Top and Pullback in play here. Potential to lead to something much more serious.
00:00 QQQ Forecast 04:04 Sp500 ETF analysis 05:37 Nvidia Stock NVDA Forecast Technical Analysis Analysis 07:57 Tesla Stock TSLA Forecast Technical 09:32 Apple Stock AAPL Forecast Technical Analysis 11:26 Amazon Stock AMZN Forecast Technical Analysis 12:46 Microsoft Stock MSFT Forecast Technical Analysis 13:51 Meta Forecast Technical Analysis...
My dear subscribers, My technical analysis for QQQ is below: The price is coiling around a solid key level - 429.15 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 411.10 My Stop Loss - 437.47 About Used Indicators: By the very...
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the QQQ pair price action which suggests a high likelihood of a coming move down. ❤️ Please, support our work with like & comment! ❤️
Primary Chart : Palantir Technologies Inc. NYSE:PLTR on a daily time frame with key Fibonacci Levels drawn as well as support, resistance, the 21-day EMA, and a critical VWAP from the bear-market lows of December 2022 Palantir Technologies Inc. NYSE:PLTR , once a tech darling of the 2020-2021 bull market in equities, has achieved a substantial retracement now...
Amazon stocks are going up this year with solid 52.29% year-to-date gain, that is currently the 9th largest YTD result over all components of Nasdaq-100 ( NASDAQ:NDX ) index. Work hard, Have fun, Make history - And You're Done! - This is the official tagline of Amazon in 2023. The slogan refers to Amazon’s dedication to innovation and service enhancement....
0.786 from the previous high is a good shorting entry in my opinion. Magnificent 7 is done with their earnings(except NVDA), so I am not seeing much stimulus from big tech. Most tech stocks are not doing well, and I am seeing some extent of selloff in 1-2 months.
MSFT saw a nasty reversal today. Closing down more than the Nasdaq. All indices close negative = broad market selloff. Powell comes out hawkish & sends market lower. All eyes on Apple tomorrow!