- 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...
We never officially declared the bear dead. We've just been CAUTIOUS BULL So far so GOOD! We mentioned that $NDX broke downtrend early JAN Recently broke another IMO this no longer feels like a BEAR TRAP Yes, conditions are terrible & REAL #economy is TRASH but markets are illogical
- $QQQ about to break its tightening range, this will be very important for TSLA, - currently TSLA does not have enough relative strength to hold up if QQQ breaks bear. so it will likely break bear with it. - Bullish pattern: Daily Inverse H&S Weekly Cup & Handle - XLF / KRE gapped up nicely but bear took over after cash open.
The bear is done with the cigarette break and is about to come back strong. I am seeing a re-start of the beginning of the correction, except with greater price magnitude. SQQQ is oversold and the MACD is about to turn up. Except an interesting next couple of weeks. This correction has several months to go. SQQQ could easily reach $50 and my most aggressive...
- 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...
As we come to a crossroads between a banking crisis, debt crisis and other catastrophic financial and geo-political events going on, SQQQ has set a new yearly low. I have sold my TQQQ and will start accumulating SQQQ at this price. Our CM_Williams_Vix_Fix Finds Market Bottoms indicator is signaling a heavy floor in this area. We just broke up from underneath our...
Market appearing to regain momentum, but I think it's a trap. Similar price action as when the correction began. Resistance is strong 12,800. The bear was taking a cigarette break as far as I am concerned. Buckle up and prepare for the last leg (DOWN) of this correction. I maintain an expected bottom of July 2023 Good luck Not financial advice
- 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...
Welcome back! Let me know your thoughts in the comments! ** SQQQ 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...
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...
- KRE and XLF still in a bear flag territory, Both are closing in on their tightening range and will break very soon either tomorrow or Wednesday. we will get a lot of volume and volatility once this breaks. - QQQ & SPY have a Triple top resistance, if XLF break bull SPY will very likely break that resistance, so will watching all 4 closely. - FOMC Wednesday...
NDX is at a critical inflection point It is testing the 200 Day EMA and based on comparison to prior price patterns, it will likely fail. This will trigger the next phase of this correction I predict a few more strong days for NDX to trap the bulls, and then the pins will reset for the aggressive downturn. I estimate the bottom will be July 2023. Not financial...
- 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...
After breaking 12 EMA 15min time frame yesterday bears have been suing it for full control underneath it. - at this price point SPY retraced over 60% QQQ retraced 50%. Burden is on the bulls to step up here. Bear still comfortable - if QQQ start dropping more than 50% retracement everything will start favoring the bears - Jerome Powell spoke today and now...
SQQQ is experienced a temporary downturn, and based on reoccurring trends, I suspect it will soon be followed by a strong reversal upwards. Good luck. Not financial advice. Trade at your own risk
Last week i mentioned the 15m 12 EMA guide for holding onto profits for both SPY and QQQ which we bounced off again this morning. After we broke the 15m 12EMA today i took a day trade on SQQQ and sold it close to the end of the day because we are still in a strong hourly uptrend and I do not want to hold overnight playing countertrend. Notes: - still need to...