The tech sector is on a tear. NASDAQ:NVDA earnings set the tone last week and the AI craze is on. NASDAQ:QQQ had a bullish week, closing up +3.53%, bringing it up +8.76% on the month. Strong earnings, job cuts, and developments in AI technology has sent the sector higher. Technical Analysis: The last two weeks saw NASDAQ:QQQ break out of the rising wedge we...
- Support & Resistance guide for all 6 big tech stocks NVDA TSLA MSFT GOOGL AAPL AMZN - psychological 1 trillion dollar level for NVDA 405 - TSLA wedge pattern still in play - zero red flags on the chart for MSFT and AMZN need hourly downtrends to confirm for any signs of bears
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that nas100 is actually approaching a quite obvious previous weekly structure area which is now acting as resistance at the $15.000 level. You can also see that over the past couple of weeks, nas100 had a massively bullish rally and we are...
complete failure of proposed idea 🤣 Ongoing anal: until ES/SPX breaks out above 4300 and holds, I expect that we get more of the same: Tech and Semis, insomuch as they relate to AI, headed higher, while the rest of the market lags. However, there are hints of signs that the market wants to challenge the status quo and move higher, but more work is to be done.... BoLTA
🖼 Daily Technical Picture 📈 ➤ Traders hate weekends and public holidays, probably more so than losing trades. ➤ Equities were up strongly on Friday. I find it curious that with such strong bullish passion it failed to close above the recent high. I might be wrong, but it looks like a classic set-up: Buy the Rumour, Sell the Fact. The rumour is that the debt...
ProShares UltraPro Short QQQ seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the NASDAQ-100 Index.The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index...
NASDAQ:QQQ parallel uptrend continues into resistance. Holiday hangover next week should be light volume which favors the upside.
NASDAQ:QQEW Inverse head n shoulders ready to break out. it needs to consolidate next week before it can break out. equal weight nasdaq 100
Hey traders, In the Nasdaq, all we care about, until the tide reverses, is to look for long opportunities... On the back of an exhaustion-type entry setup with an attractive initial risk-reward, we've seen the market take off... With the structure in our favor as indicated via the OFA script, all we need is for price to lean back against its support zone to...
... for a 2.97 credit. Comments: I have remaining rungs on in July and August, so just rounding out third quarter rungs with one in September, targeting the <16 delta strike paying around 1% of the strike price in credit. I'll naturally look to add in shorter duration at strikes better than what I currently have on should we get further weakness and higher IV.
- Test for support in the 298-302 range by next Wednesday 4/19 - Then bullish move to 336 by May 22nd (5/22/2023) - Then another large pullback to test 300-306 range for support. Will re-eval from there, should be around 6/20/2023 when it retests the 300-306.
Way overbought on RSI and overbought on the daily as well. MFI is not there yet so probably a pump and dump Tuesday
Salutations, At this present moment, I find it challenging to elucidate the precise reasoning as to why the S&P 500 was poised to recede back to the melancholy depths of the pandemic lows. Nevertheless, I can confidently postulate the resurgence of a risk-on environment in the aftermath. ideally as we approach the yuletide chill of Christmas Eve at the...
Greetings, A mirror to my tableau painted for Bitcoin, I surmise that the Nasdaq is engaged in the theatrical rendition of a cycle degree fourth wave. Historically, these fourth waves are prone to a tactical withdrawal into the realm of the prior degree wave four territory. In this distinct instance, the territory in question lurks in close proximity to the...
🖼 Daily Technical Picture 📈 "I've got the magic in me Every time I touch that track, it turns into gold Now everybody knows I've got the magic in me When I hit the floor, the girls come snapping at me Now everybody wants some crystal magic" I'm borrowing those song lyrics by The Treblemakers from the Movie: Pitch Perfect. ➤ Equities did indeed gap higher to...
Didn;t hit overbought yet on RSI but damn QQQ looks like it printed an exhaustion gap, We'll see tomorrow.
Technicals: 1. RSI has already moved to overbought 2. MACD is peaking Fundamentals: 1. USD Debt Ceiling Resolution Strategy: I will be exiting when: MACD makes 2 days consecutive dips
NVIDIA Carried nasdaq to our base of our inverse head and shoulders, we can potentially see nasdaq forming a shoulder and then retesting the base (13930) if the base is broken then I would expect Nasdaq to hit 14200 close to the USA debt ceiling meeting - 1 June 2023, or if there's any positive news regarding the debt ceiling. With NYSE about to open we could see...