Down move is obvious. Overbought conditions, RSI maxed out about 1yr bull channel. 3 red days in a row. etc. Perhaps a B move, but if it's shallow the short is on.
Monitoring the volume of reversed ETF shows increased volume against S&P 500 and Dow Jones in the past week! I will monitor these for possible buy opportunities and benefitting from a possible market correction! a 3-5% correction could push these higher 9-15%..! They need to complete a reversal pattern above the green lines...
(Opinion only) Fed meeting next week; I think market pulls back next week ahead of tapering announcement.
Bearish divergence on $QQQ daily. With decreasing volume as we hit new highs, look for a breakdown from the rising wedge. Tech is due for another pullback imo.
On QQQ daily, price took a sharp bounce and has come up to resistance (lower yellow line). Today's small indecisive candle may be a warning sign. Also, RSI 14-day dipped below 33.33 (in oval) and so there should be more downside and RSI should stall between 60 and 66.66 (pink line). In place of QQQ puts, buying SQQQ is a good idea to hedge your account if you...
For it to go higher we have to melt up and go straight up SHIBU style. Can FED do it?
Scary looking chart isnt? But what if it turns? - You;'d enjoy 3 x the benefits Every bear is dead. After today. I might join the club or might be the next Michael Burry.
buy vix, hedge your 401ks, buy drv hedge your personal real estate investements.
Nasdaq continue to ride the 2010-2011 Peak's Upper Trend Line. VXN's range is disturbing as it broke the 19 level. 13s are now open for a potential blowoff. Banging its head repeatedly, it has been difficult to ease into a SELL position that can be held... new highs, larger negative divergences. Straddling the Upper Boundary on the Weekly chart remains the...
Ok... so - this post is a little bit different... I have tried to time SQQQ right for YEARS!!!! It hates me. It hates everyone... and for that reason I will short this for the rest of my life... You see all that red on the indicator below... I think it's safe to always short. SQQQ makes me so angry... LOL. (And watch... now it will be green tomorrow - jerk)...
I am a big believer of once the underlying asset breaks a support/resistance that it will test the next one (above/below). Here are my supports and resistances for TQQQ.
$SQQQ Analysis & Key levels I have WAY too many positions to be able to update on … So I’m just going to start posting the most recent support and key levels… Red = Key levels Green = resistance Blue = trendlines If you’re holding ONLY add at key levels. It is never wise to catch a falling knife without a plan. I played this one today and made like 4% 😬...
Chopping along on low Volume while the likes of Fanboi carnage is readily apparent... not a confidence builder. Tick Tock into Wednesday... chip chop the top. Even the Apes bought it, trendy. A throw-over would be the absolute perfect setup for this impending, incipient, unimaginable - decline. This week will be one for the books.
1hr MACD cross and BB sell signal + OBV bear signal at noon. The black dash is the 3wk bull TL supp, getting broken. Guess it's going back for test of 14930 volume shelf. Right now it's at local POC as well
We now hold 30,000 Shares of SQQQ @ 8.21~ 8.07 was the prior low, followed by 8.12. SQQQ will surprise to the Upside as NQ is wrecked.
VIX will move higher as Indices will front run their .382s Negative Roll Yields are always a warning, we alerted traders to this Important Condition on Settlement as V2/M2 exceeded V1/M1 by 8%. 22.50 is the level to watch for a breakout higher. August is a Negative time for the Indices. We maintain large Sell to Opens in AMZN, TSLA, TQQQ, NQ, ES, RTY, MNQ,...
If you zoom out on the Nasdaq using a 13D chart, you'll see a clear 5 wave sequence having recently completed. This argument is bolstered by both wave 3 and wave 5 which are 1.618 extensions of wave 1. Wave 3 and Wave 5 are both identical in length. Using this Wave count you'll also see a myriad of confluent fib levels, extensions, etc; but I'm trying to spare you...
If you zoom out on the Nasdaq using a 13D chart, you'll see a clear 5 wave sequence having recently completed. This argument is bolstered by both wave 3 and wave 5 which are 1.618 extensions of wave 1. Wave 3 and Wave 5 are both identical in length. Using this Wave count you'll also see a myriad of confluent fib levels, extensions, etc; but I'm trying to...