DESCRIPTION: In the chart above I have included a macro analysis of AAPL & its congruent relationship with the S&P 500 INDEX. AAPL is to be consider one of the major players when it comes to overall US MARKET PERFORMANCE & is the reason why understanding AAPL's price action momentum is so vital. POINTS: 1. AAPL channel deviation where liquidity usually occurs...
Today's market is more volatile, so be careful to trade today.
DESCRIPTION: In the chart above I have included an update on a MACRO analysis of VIX VOLATILITY CYCLES. The creation of a set of new cycles is marked when VIX finds a new floor of support. POINTS: 1. Deviations have been adequately adjusted for VIX with a 7 Point difference between CHANNELS. 2. Price Action is currently resting at NEW FLOOR of 19 & Price Action...
Reaching the top of the volume shelf profile and weekly expected move. VIX 2hr and 4hr changing momentum on MACD to bullish for VIX while QQQ is turning to negative momentum. 320 on QQQ seems to be a resistance level that will hold. Expecting a pull back in preparation for the March CPI print with a large rally a few days before as we have seen at the previous CPI...
- $SPY and QQQ has been rotating around and currently not a lot of signs of bears. - if money is rotating around sectors that means there's no fear and money isn't all leaving the market. - But the market has ran up quite a bit so I am watching for a pull back and daily consolidation. - taking a short on the SOXX/ SMH sector, added SOXS
- SPY QQQ gapped up again but ended up closing within todays trading range, unlike yesterday bulls have a strong follow through after open. - PCE Data tomorrow morning 5:30am PST - QQQ closed around key daily resistance. - End of the quarter and month rebalancing tomorrow will bring lots of volatility - Will XLF / KRE join team bull or QQQ / SMH join team...
Welcome back! Let me know your thoughts in the comments! ** QQQ Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight...
QQQ has formed a clear H&S on the 5,15 & 30-min timeframe....expect a drop under 302 to start with....potential for near 296-298 range....
- QQQ double topped with Tuesday top, had a 15m bull flag during consolidation with no red flags until mid morning. - XLF increasing bear volume with zero bounce and very notable big money exiting. Fear creeped into the market - VIX up 20% - QQQ went from lead bull to bear when all sectors starting to drop at the same time after XLFs huge drop. dragging SPY...
On March 7th we have the Fed Chair Powell Testimony, that could reveal that the FOMC is going to hike the interest rates for a longer period of time, and maybe give us a clue if it`s the case for a 50bps increase after the next meeting. On March 10th we have the Non Farm Payrolls and Unemployment Rate that could also fuel a potential 50bps hike if they come better...
SQQQ price closing on 50.24 USD where on the breakout of resistance level 48.68 USD yesterday. Notice that having a huge buying volume to support the breakout (cup and handle pattern), this indicate it is a strong bullish signal where investor can consider to take "Long" position on SQQQ with current price (50.24 USD). To be conservative, can take 46.19 USD as...
Good morning traders! $QQQ is showing signs of bearishness with resistance currently sitting at $309. The current support level is at 297.75 and I'm closely watching for a breakdown to continue the bearish trend. Keep in mind that we are at a support level, so be mindful of potential bounce-backs. This could be a great opportunity to jump on the bearish trend....
Market is consolidating at the highs. After a vicious run the rally appears to be running out of steam. Looking to get short on any break of the upward sloping resistance line. VIX has also broken out and appears to be moving higher. Bitcoin is breaking lower as well. Has the speculative echo bubble finally popped?
I wanted to upload this video yesterday but it didn't as I slept early. Make sure to watch it & if you hav any doubts do let me know.
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We have been building in strength and have reacted positively to earnings thus far. Along with positive market news the push is continuing to trend upward. However we are approaching the 1 Year Resistance point at 295. This chart shows 3 possible options ending the month of January and going into Feb 1. My potential entry points for each trade depend on the Pre...
DESCRIPTION: In the chart above I have provided a macro analysis of QQQ. *IMPORTANT: Aside from SUPPLY & DEMAND POCKETS the main thing to consider is the distinct pattern we seem to have been following for the past 3 falls after rallies. Where PRICE ACTION seems to create this hook like formation before CAPITULATION takes place. POINTS: 1. QQQ exhibits a...