It doesn't get more obvious than this. We're probably headed back to 12k at the very least on a corrective wave. Fed GDP forecasts are really all you need to see to know lots of rate hikes and taxes coming soon. It's halving every year, and that's an optimistic estimate. Don't wanna spook the market. fred.stlouisfed.org
- both AMEX:SPY and QQQ confirmed Daily downtrend. - NASDAQ:QQQ finally broke out of its 3 weeks range bearish but the AH bounce - NASDAQ:MSFT good earnings bringing all tech stocks up - NASDAQ:GOOGL decent pop but faded most of its gains - NASDAQ:AMZN moving due to MSFT decent cloud report
- NASDAQ:QQQ falling wedge pattern is about to break likely break tomorrow. - QQQ & AMEX:SPY still trading in the same tight range for 3 weeks likely breaking this week with all the big tech earnings - NASDAQ:MSFT NASDAQ:GOOGL Earnings report tomorrow AH
what if we have a yield curve that hasn't been inverted this much in 40 years what if we've enjoyed 15 straight years of bull markets what if this is just the start of the correction what if I told you that I've tested 50 indicators and identified that this correction (on a weekly scale) thus far has matched identically to the START of the dot com bubble (on a...
NASDAQ:QQQ may be flashing a warning sign here. Rising Wedge Patterns often lead to a new down leg but not always. Looks like we have a breach to the downside on this wedge. Additionally, it looks like today’s candle is a Shooting Star. These too often are a sign of weakness. The good news is that it bounced off the 20 EMA (blue). If it loses the 20 EMA I will be...
- Resistance levels for NASDAQ:AAPL NASDAQ:AMZN NASDAQ:GOOGL NASDAQ:MSFT NASDAQ:QQQ NASDAQ:TSLA - double megaphone pattern on NASDAQ:QQQ likely breaking smaller one tomorrow - most big techs are trading under resistance expect AAPL if no one follows AAPL its likely coming back down. - i am more bearish here due to this kind of indecision whip saw...
- NASDAQ:QQQ & AMEX:SPY both are still in healthy daily uptrend no sign of red flags. - QQQ Daily EMA 12 is a good support guide - Still holding my SOXX short (in SOXS) due to relative weakness compare to QQQ - Earnings coming up for NASDAQ:TSLA and NASDAQ:NFLX BCBA:TSMC
- 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
The magnitude of this divergence is enormous. Other indictors are trending in the bullish direction We should see a nice pop for SQQQ
- 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...
- Fed minutes Wed 2pm EST - CPI Wed 530 EST - PPI Thursday 530 EST - i would be expecting us to chop into range into CPI and minutes - QQQ / SPY will be using stair stepping candles as a guide to how to trade when data is release.
Pretty flawless arc/consolidation- breakout to the upside for SQQQ & pullback on SPY?
Potential reversal identified based on August price action. We are at a tipping point for tech. Weekly technicals are oversold. MACD monthly remains negative. Jobs report and further Fed hikes may amplify this technical analysis may tip the scales and send tech plummeting. Good luck, Opinion - not financial advice
- AAPL downtrend resistance key level 166.84 zone - GOOGL closed right at resistance 108.63 zone - AMZN close at resistance 102.12 zone - QQQ closed right at resistance zone 317.89 -318.23 - Earnings coming up soon for XLF financial sector - Sold my SOXS today and took profit this morning back to all cash
- 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
If Momentum Reverses in the market and we start seeing weakness in Q2 this could provide target levels for long on the $SQQQ in the following weeks/months
- QQQ and SPY has a very strong bull move last 4 days with zero signs of bears but they move is quite extended and im looking for a daily consolidation to shape up - If the consolidation is healthy the bull move will likely continue so i will be watching how the consolidation shapes up. - SPY is approaching some key resistance around 410 area also potentially...