- NASDAQ:TSLA broke weekly support confirmed weekly downtrend - TSLA gap could be filled if we broke todays low of support - NASDAQ:QQQ bounced off of megaphone pattern support still trading within - QQQ likely break out of the range next week Tuesday 25th after big tech & MSFT reports earnings. - Still holding onto my SOXS position - check out my video...
I have covered ALL SHORTS TODAY BASED ON this chart I still have a second C wave up to end the double zig zag . I know we have two legs up that are equal to the high but the structure down is corrective and back to 50% I will allow for a last wave up but cycles are running on fumes !!!
Traders, In this video I discuss my stance on NVDA and its relative NVDS (-1.25 Bear Directional ETF). I also discuss some other bearish patterns I am seeing on the charting. This will be my last video on Trading View Unfortunately. Good luck out there everyone. OVER AND OUT
- NASDAQ:NVDA shaping up a H&S bearish pattern on daily time frame - NASDAQ:SMH / SOXX semi sector relatively weaker than NASDAQ:QQQ & $NASDAQ. that's why im still holding onto SOXS - When lead bull sectors starts to turn into more bearish we have to be careful with the other sectors. So far it is showing relative weakness but not too big of a divergence...
- CPI came in 5%, personally i think it was pretty much priced in due to us knowing well ahead of data release at 5.1% - PPI data tomorrow 530am EST - bank earnings pre-market Friday. - NASDAQ:QQQ & AMEX:SPY bear break, need SP:SPX to join SKILLING:NASDAQ tomorrow. - still holding my AMEX:SOXS , shorting the NASDAQ:SMH /SOXX sector
- Fed minutes Wed 2pm EST - CPI Wed 530 EST - PPI Thursday 530 EST - added initial positions for AMEX:SOXS looking to add more if we get flat or lower CPI data then 5.1%. shorting the NASDAQ:SMH / NASDAQ:SOXX sector. - we have been tightening up in an equilibrium since last Wednesday will very likely break tomorrow. - NASDAQ:QQQ / AMEX:SPY will be...
- Does QQQ hourly oversold mark the bottom of the daily consolidation low or bear take it lower tomorrow? - March 28 hourly oversold on QQQ marked the bottom of that consolidation and we had a large bounce. - SPY closed around yesterdays lows which is in the resistance zone - took profit on my SOXS this morning re-added on the hourly bounce. SMH/SOXX still...
- Yesterday's video i talked about SPY very likely having a pull back into this resistance zone - now daily consolidation is on its way for SPY, will QQQ join - looking to see if bulls will be buying up that hourly time frame oversold RSI, and market the low of the daily consolidation. - Still holding my SOXX short - SOXS 3x leverage ETF
- $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...
- SPY and QQQ have been very choppy due to sectors rotating around may potentially continue unless we start seeing XLF forming daily uptrends and joining team bull. - Or we see XLF / KRE go sideways and QQQ and SOXX/ SMH join team Bear. As of now there are zero red flags for QQQ and SMH daily time frame so i am slightly more bullish in my intra-day scalp...
- $SPY $QQQ bear had all its chances to bring QQQ down after a bear break this morning out of the tightening range we had in the last 4 days but bears couldn't follow through. - Want to see QQQ Bulls gain back its hourly uptrend and break above 308 area of resistance. - want to see XLF / KRE bounce for SPY & SPX to break out of its equilibrium bull. of course...
This chart Could be the next BIG issue. the low in oct was a PERFECT fib relationship and two golden ratio in time back to 2009 and march 23 2020 . I am short nvda and have been shorting sox and smh .I feel this is next to just fall apart
The SMH is triggering a intra day topping formation. This is likely to play out as money roates out of the overbouhgt tech/ semi space. NVDA, AMD are some of the leaders already showing weakness today. If Semis fall they will take this market lower.
- QQQ Equailibirum key break will be Monday which will determine which way SPY is going to move. - SOXX / SMH turning from lead bull into lead bear today, weakest sector since Dec 2022. May drag down QQQ if it continues. Will short this sector if it continues on SOXS. - SPY bulls want to see a hourly uptrend form, Bears want to see QQQ bear break Equilibrium...
AMD, like many semis, has been on a rip lately. However, it appears to be in a resistance zone at a Gann confluence line at 100.13 (like SMH and many other semis), which is also where it turned back earlier. The RSI(9) is overbought. I would see it going back to prior Gann line at 91.23. That line is also near the top of a bullish Ichimoku cloud. Perhaps a buy...
- QQQ equilibrium pattern is going to be key break for which direction market is going the next couple days, - XLF KRE bear break to new lows will break QQQ equilibrium bear and then drag SPY down even more. - Yellen flip flop - no deposit guarantee yesterday to today it will be. (the more they flip flop back and forth the more we see them as less confident)...
- Looking for a hourly Bear flag on SPY and QQQ after this huge move down. - XLF and KRE top watch to see if we break fear lows/52 week low. Fear would likely come back in if we do break the lows - looking for SOXX/SMH to go from lead bull turning into lead bear - Rate hikes is a head wind more for QQQ then SPY, so after Powell saying no rate cuts this year, we...