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...
... for a 3.27 credit. Comments: Targeting the <16 delta short put in the shortest duration that's paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
- Even though we are quite extended on QQQ, bears still have no confirmed a hourly downtrend in the last 7 trading days that will be the first thing I will be looking for. - As of now continue to follow the trends
US100 is forming a nice ascending triangle pattern and looking for continuation on the upside. This could be a good entry to go long with decent Risk:Reward Entry - 15055 Stop loss - 14900 (I would like to see a 2hr close below this level to close the position) First Target - 15200 Second Target - 15500 Final Target - 15800 Please let me know your thoughts. Thank you
We are at a point where NVDA is trading at a Macro Monthly Bearish ABCD PCZ and all the Oscillators are sitting in overbought zones. If NVDA sees a negative monthly candle at these levels, it is very likely that these Oscillators will begin to come down again and signal Potential Bearish Action ahead; if we get such a signal at these levels, then I would typically...
Nasdaq has exhibited remarkable strength throughout this year, showing relentless momentum that seems unstoppable in its ascent to reach its all-time high. Following its recent breakout above the 15,500 level, the price is expected to target the range of 16,200-16,300, before eventually surpassing it to test the all-time high at 16,700. NFA
On the 30- minute chart, SPY is in an uptrend continuing from the end of the last trading week. I see this as continuing for the following reasons on analysis: 1. The Lorentzian AI machine learning indicator's last signal was a buy signal. Given its specific accuracy of 73% as the table reports, I suspect the uptrend will continue until a sell signal...