It appears that the A-B=C correction in the 5th wave down, in the #qqq, has completed. The #FED will make its #prepared #announcent of its #50 point basis increase. This #cycle low could be the basis of a huge #rally for the next #4 to #6 weeks. but ass always, we await for #confirmation. There has been a lot of talk for a much needed 75 basis point increase...
Market just finished 1 to 5 Elliot Wave Theory and we are forecasting it to finish it's ABC correction at 300 level and bounce up. Entry: 300.62 Invalidation: 267 Target: 362
the nasdaq100 has bottomed for a second time. will we see a double bottom reaction here where the bulls step back in to take control? or will we see a series of fresh lows ?
wave 1 structure leading into wave 2 support, H&S formation while holding true to wave 2? IM LONG!
QQQ is looking solid for a reversal here. Had a bullish engulfing candle to begin the 4hr yesterday and we have some solid hidden bullish divergence presenting itself. Should be good for a nice profit by the end of next week or maybe that last week of April. Good 1:3 risk-to-reward ratio too. Entry: $340.92 Stop: $334.33 Target: $361 (the gap fill)
NFLX is garbage and really never should have been in the same conversation as other big tech name, the so called FANG. To me the N was always NVDA. NFLX had it's growth period but really never should have been considered a big deal after DIS announced Disney+. Disney+ is where streaming is at currently. Another thing is the current societal environment. PEOPLE ARE...
All that needs to happen really is to get above Monday's high, and she will probably be off to the races.
No real analysis, we have come into an inverted shoulder area but we just spent 4 days in this range like we did previously. Be buying.
QQQ is finishing up its 4th wave pullback, and should begin to rally towards my target zone of the 2.382 - 2.618 fibonacci extensions, which corresponds to a price target of about 381-387 for Wave 5. After that, QQQ should have a larger degree 2nd wave pullback to about the 330-340 region, so you will have plenty of time to add to your position in the coming month or two.
We have seen a strong move on the market over the past couple of weeks, and really all the selling we have gotten looks more like a 2 day flag pattern. So I closed shorts and I am going long. For now long on the QQQs with Jan 2023 Calls. I'd imagine we do push back to ATH and when we get there, I'd expect the market to have serious thrust higher from shorts...
after the strength downward in the last days, today is a good day to buy because of the big strength of buyers today and after 4 red volumes today there is a green volume today and there is a big chance that the candles will return to resistance and the VWAP and it will break down another time due to the big strength : + 80 % if it rebounds on the VWAP it will...
Q's looking weak going into this week and max pain presenting itself. Ideally would like to create a higher low on the macro level to find a generational buy and bounce back to last weeks highs. Traders gonna trade and levels are in the video! Good Luck!
Hey Everyone, in this video we discuss the large swings we expect for 2022 and what might be setting up for the next few quarters on the stock market.
QQQ is looking like a nice range is developing with pretty clear levels. These levels will help you if you choose to use them. We know we will!
Looking to Fade 361/364 as its the bearish retest going into tomorrow. We will see where QQQ opens up, and if we can get that high to try a fade.
Having broken below the 200 day Moving Average for the first time since March 11th, 2020, after the the COVID outbreak news, the next real support for the QQQ us at the Daily Demand level between $350 and $352. I am expecting it to test that level before the FOMC meeting concludes on Wednesday, Jan 26th and then, hopefully if the Fed Report is not terrible in...
In lieu of causing max pain, it seems the controllers of the market have decided to stick another major knife into retailers the past few weeks. Looking for a reversal in the short term. Bull PT: 476 short term Bear PT: We have another 5-10% drop (highly unlikely)