Looks like we still have some downside potential on US100. Today we failed to break the red sell zone. Looking for a further downside move tomorrow. Entry - 15447 Stoploss - 15500 (I would like to see a 30 min candle to close above that red box) First Target - 15390 Final Target - 15300 Let me know your thoughts. Happy trading!
If you remember from back in October 22' - The economic news media was on full panic mode. If you only listened to them, you would have been closing positions and preparing for more downside. Smart money did the opposite at that time. 1-5 Elliot Wave is something I had posted during the Oct 22' lows, expecting large demand at those levels. Now we are almost a...
- GOOGL MSFT ER Tuesday AH - META ER Wednesday AH - Many Big names starting to weaken
The main chart is the ratio between Futures on BTC and S&P500 👉 Bitcoin CME Futures contracts are equal to 5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR) 👉 E-mini S&P500 Futures contracts are equal to 50 x S&P500 Index Special remarks 😀 The Support Area and Resistance Areas are as highlighted on the chart. 😊 Since Bitcoin CME Futures were...
The world is "not optimistic" that the grain-export corridor that has allowed it to ship more than 30 million tons of crops amid the Russia - Ukraine tensions will be extended beyond July, the country’s infrastructure minister said Wednesday. The efficiency of the Black Sea corridor is faltering and crop volumes are declining. Even if prolonged, it won’t be as...
Current Status As of the latest data point on July 24, 2023, Tesla closed at $258.17. The Macro PVVM stands at 89.91, indicating a bullish long-term trend, while the Micro PVVM is at 35.25, suggesting a bearish short-term movement. Recent Trend In the past few days, we have seen a decrease in both the Macro PVVM and Micro PVVM scores. On July 18, 2023, the...
lots of weekly reversal patterns forming on these big names
- GOOGL MSFT ER Tuesday AH - META ER Wednesday AH lots of big techs shaping up enough room from its drop to shape up a daily downtrend now we will see how earnings come in to see if it shapes up.
- GOOGL MSFT ER Tuesday AH - META ER Wednesday AH lots of big techs shaping up enough room from its drop to shape up a daily downtrend now we will see how earnings come in to see if it shapes up.
... for a 3.25 credit. Comments: Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit which (ugh) is out in October. This is admittedly not an ideal environment in which to sell broad market premium, but will look to add on weakness and in shorter duration if I get an opportunity to do so.
This communication stock may play catch u [ to some of the overbought names. Relative strength when the sector is down is very positive.
Hourly downtrends confirm on all mega cap tech and QQQ/ SPY will see if bears are serious about confirming daily and 4h downtrend in the next couple trading days.
Hourly downtrends confirm on all mega cap tech and QQQ/ SPY will see if bears are serious about confirming daily and 4h downtrend in the next couple trading days.
Tesla is appearing to put in a weekly engulfing candle. This will be a bearish candle formation if it happens. If Tesla loses the 100 Weekly MA, bad things could happen.
NASDAQ:QQQ looks to be putting in a top here. If it holds, I think we have a long way down to go. I think we'll surpass last years lows and end up somewhere around the $200 range (where the green supports are). Let's see how it plays out over the next 6 months to a year.
Gold and silver broke above falling wedge bullish Natgas still chopping within it.
The NASDAQ100 is currently sitting at the 0.886 and 1.618 PCZs of big Bearish Shark and Bearish Butterfly patterns as the indicators hover around the overbought zones; we don't exactly have much confirmation yet that these PCZs will hold, but it seems like it wouldn't be a bad idea to position against the QQQ early on via some SQQQ monthly calls and perhaps...
If you haven`t bought the Santa Rally: or my 2023 forecast: Then investing in long-term options on the Nasdaq 100 (QQQ) with a strike price of $420 and an expiration date of 2024-6-21 presents a compelling opportunity for bullish investors. The convergence of artificial intelligence (AI) and the ever-growing technology sector is set to ignite the next...