Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the QQQ pair which is likely to be pushed up by the bulls so we will buy! ❤️ Please, support our work with like & comment! ❤️
It's Friday and a Triple Witching to boot! Well, IV isn't great here pretty much across the board for us premium sellers. Nevertheless, if you must play (and some of us gotta), here's what's shakin' ... . Broad Market QQQ, .8 IVR, 17.8% 30-day IV, with the shortest duration in which the <16 delta is paying greater than 1% of the strike price: December...
decided to make this particular post public, as a direct update to the last public midnight session (if you don't know what that is, you probably don't need to). >i've shared both the bull and bear idea, and having the time to really observe the markets over the last couple of week including every possible factor which i could think of, i've gotta say - things...
good eve' check out this beautiful pitchfork on the nasdaq. --- what i'm depicting here is a 2.618 expanded flat, which is an expanded flat with an extension in one of the legs. --- these are usually designed to push bears out of the market due to high short interest. unfortunately, what usually ends up happening is bears keep shorting, and the market keeps...
Back in December 2021, ADBE gave us a Bearish ABCD entry that led us into a Shark BAMM Pattern. Once it made it to the BAMM target, it bounced back up to where it is now. The interesting thing is that the PPO is looking like it's ready to roll over, and it happens to be at what would be a Potential Bearish 5-0 entry. If the PPO crosses below the upper extremes, we...
It is hard to believe but there is a lot to like about this NYSE:SHOP chart. What I like is that it has recently come back and touched the rising 40 Week MA (white). It Just bounced off the AVWAP from all time high (meaning that the aggregate of shareholders since that time are in the money). It is well above the 18-month AVWAP. And it is moving up through the...
AMEX:RSP is very interesting here and I have started a full-size position as I can easily define my risk with a stop just under the most recent daily low. See chart for notations. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
The Russel 2000 closed below the daily 200 MA today. It's never a good sign for the breadth in the market when the Russel starts breaking down. I think there's a strong likelhood we continue to breakdown, based off todays IWM price action. Small caps got rejected today at the pre market high and just kept selling all day. What makes thing price action bad is...
The S&P500 is on the verge of breaking down very hard. If we reject at the neckline tomorrow that is bearish. If we close above the neckline it is bullish. Either way a big move should occur once we know where we close. After a hotter than expected CPI, tomorrows PPI will be telling. If we get a hot PPI and hot Initial Jobless claims number expect...
... for a 3.28 credit. Comments: My weekly broad market short put in the shortest duration contract where the <16 delta is paying around 1% of the strike price in credit to emulate dollar cost averaging into the market without actually being in stock.
This stock gapped-down for no Reason. It beat on BOTH Earnings and Revenue. I bot and have Trailing Stop all the way up... Already in a Profit!!! Let's make Some $'s!
I have had my eyes on NASDAQ:APPN for sometime now waiting for a breakout past the upper area of resistance. Hasn't happened. Now it looks like it is running into 2 possible support areas where it "may" reverse and head back to the upper range and maybe even breakout. I don't know. having said that, I will be looking for a reversal trade in the next few days....
NASDAQ:ROKU had been basing for about a year before breaking out on Earnings on July 28th on massive volume. That was followed up with 2 more days of heavy buying volume. It has since pulled back near the original breakout area and forming a possible Bull Flag. And if you were to zoom out to a weekly chart, I can see this as being a Cup w/ Handle formation. I...
support and resistance - QQQ SPY & 7 mega cap tech forecast
support & resistance pt 1 QQQ SPY & 7 mega cap tech forecast
As we step into the second week of September, we've observed a promising start with some key indices showing positive momentum. NAS100 & QQQ Analysis: - The tech-centric NAS100 and QQQ began the week on a brighter note, showing green after a bearish week. - Tomorrow's Key Levels for NAS100: Watch for a potential break above the 15,500 level. A decisive move...
support and resistance guide DIS PYPL Stock Market & 7 Mega Cap Tech Forecast
support and resistance guide DIS PYPL Stock Market & 7 Mega Cap Tech Forecast