Part 2 of QQQ/SPY & 7 MEGA CAP TECH STOCKS Forecast analysis
Part 1 of QQQ/SPY & 7 MEGA CAP TECH STOCKS Forecast analysis
Looks to me that NYSE:YETI may be ready to make a move higher if the market rebounds. So far today it is shaping up to be an inside day (the day’s not over). This may take a few days or weeks to develop so maybe something for your watchlist. If it does not drop below and stay below the range established after earnings, I will look for a good long entry. If it...
TSLA used to lead the NASDAQ up until Oct. 2022. Now TSLA has lost its shine as a market leader and leading the way down. Currently, TSLA/NDQ is still in the corrective phase but the writing is on the wall. Just a matter of time according to the chart.
The chart posted has given what state is a very clear ALL GO for the LAST BULL MARKET LEG. This last leg will end into mid sept . I will post more but a min is 4666/4731 . This will mark the END of The bull rally from oct 2022 and we will then see a very neg cycle One in which you all do not want to in the market for . Use this leg to Sell all long term...
PART 1 SPY QQQ + 7 Mega cap TECH stocks Forecast Technical analysis
PART 1 SPY QQQ + 7 Mega cap TECH stocks Forecast Technical Analysis
This is my analysis for SPY and be careful and trade as per your risk tolerance. NOTE: MARKET SHOULD GO DOWN
QQQ - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long QQQ Entry Point - 364.07 Stop Loss - 352.75 Take Profit - 385.54 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
- Invesco's NASDAQ:QQQ uptrend continues to remain valid, despite last weeks close in red ; while its series of Higher Highs are now places of buyers interest due to price action retracements. Price levels to continue acting as Uptrend Supports during Rising Channel's uptrend resumption. It would take a catastrophy to plunge the price of NASDAQ:QQQ ...
Part2 long term OUTLOOK - QQQ SPY and 7 Mega Cap Tech Stocks
Part 1 long term OUTLOOK - QQQ SPY and 7 Mega Cap Tech Stocks
So you have this Local Double Harmonic setup with PPO Confirmation on the QQQ that is aiming for a 20-40% pull back which can be seen here: In addition to the setup above, you also have this longer term Ascending Broadening Wedge Pattern that goes all the way back to the beginning of 2016 and If the local Harmonic Plays out, we will likely hit the bottom Demand...
I pulled the 2 week QQQ chart. Do you see a pattern here? During an uptrend after two consecutive 2-week red candles, the price rallied strongly. It did not do so in downtrends. I guess we will have to wait a couple more weeks to find out if the Nasdaq is going to crash.
For whatever reason, the thing about traders is they don't like to go short and they don't like to buy puts. This is primarily because of being conditioned by the market makers during bull runs and bull impulses that it's just literally lighting money on fire. And so once a real correction begins, some people buy the dip the entire way down, averaging down,...
CBOE:SPX Is sitting right on the 10 Week MA (covered by sloping trend line) and on the up-sloping trend line 1. The next area of support comes in on the horizontal support line around 4290. Below that are both the 40 Week MA (white) and trendline #2. Visiting any of these areas would not negate the overall uptrend. Nothing says any of these will hold. They are...
Last month I posted a setup that made the argument that NVDA was trading within the Pattern Completion Zone of a Bearish ABCD visible on the Monthly Timeframe and that all I was looking for was a Monthly PPO Confirmation Signal which would likely be triggered by a Bearish Negative Monthly Candle within the Zone; this situation remains the same we are still trading...
Snowflake, a Nasdaq company, has earnings looming post-market, which has IV on weekly calls and puts juiced to 150%. Yet people are still gambooling on the next big instawin. The problem is you'll blow your account and won't need TradingView anymore and won't be able to have any fun in your community. Really, a far better proposition if you want 5 and 8:1 odds...