- 7.5% move on QQQ/NASDAQ in 4 days. AAPL and MSFT now hitting key resistance, will be watching to see if it can break above or not for QQQ to continue. - likely a slight pullback hourly consolidation for QQQ before attempting another leg up. - after ECB hiked 0.5% this morning our rate hike of 25Bps increased to 80% chance this morning. - XLF hourly bullflag...
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...
- PPI data came in better then expected increasing the likelihood of a pause to 50-60% - XLF gapped down new lows but closed around cash open area, meaning there wasnt a lot of bear follow through after the gap down. The first sign bulls want to see is XLF holding its lows and start to bounce or even just going sideways is good for tech bulls. Bears want to see...
Didn't get the bottom but got most of this intraday rally. Went green & we covered all exposure done today. Very nice day! Could rally more but WE ARE DONE. Going to park in a few to hang out with the girls. $TQQQ $UDOW $COIN#UDOW #TQQQ #COIN #stocks #trading
We can see intraday that #banking exposure is less on the #QQQ vs #DJI Nibbled on #TQQQ this morning. Don't be surprised if it goes green today, at least short term. We may get some sort of push before EOD, doesn't mean risk is over. TRADING $QQQ $TQQQ #stocks
- CPI data tomorrow will likely determine if we can break that triple top on QQQ - money rotating around today to tech sectors no a complete FEAR day where money is leaving the market. - KRE / XLF ETF needs to bounce for SPY to bounce - 0.25bp current priced in at 62%, and a pause at 38% - if we break that triple, im looking for a daily bounce and would liking...
Early this open RSI looks ok & is oversold. Not buy much but it's been a good amount of selling Took advantage of this dib & went on buying spree. As we've been saying for some time, IN & OUT, scalps & short term trades. We've also been SELLING PUTS to help reduce risk by bringing premium in. If the premium subsides a good amount we cover. Not looking for home...
Yesterday pointed out that we were using cash on that dip We had sold decent amount couple days before from the longs of last week. Bought (Sold puts) $MSFT $UDOW $TQQQ $RUN $ZS and others With rates increasing & #FED staying hawkish how are we not going lower? Maybe not here but we've stated before MANY times that #markets don't work, especially now, the way...
- After this mornings hourly bear flag with no follow through from bears bulls try to play defense and we had a megaphone pattern play out in the morning. - QQQ was holding SPY up for the entire day, then the last 30mins bear sectors in SPY joined Bull sector QQQ. - need to confirm a hourly uptrend to set the daily higher low for bulls. - would like to see...
All this documented Check profile for more data --- 10am Yesterday--- 187 is support, going to start nibbling $TSLA here WITH TIGHT LEASH ------------------------ 1026AM updated Interesting that $VIX isn't moving Did the $TSLA & will likely just try & scalp some points $187 is a decent area Sold short March 17, 190 puts, were $9 bucks! $TQQQ done for quick...
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...
A deep technical analysis as to why I took profit on my 8000 shares of TQQQ and some mistakes I made on my trade that I could of done better. - Also what to look for on Monday, Monday is likely a buying the dip opportunity day for the next move up on SPY and QQQ, i explained what we should be looking for to be buying in again. - the weekly higher low is set and...
When viewed on the monthly timeline, you can see the similarities to the tech bubble. We've had a massive bull run over the past 10+ years. The market is due for a major correction and this is it. If the bears win over the next two weeks, you can be sure that we are going much, much lower. NDX 9000 or lower by Q2-Q3 to close out the correct. Buckle up and good...
We have been trading in range since last Friday, i am looking for volatility to come in very soon either tomorrow or Friday after we have been tightening up for some time. I am sightly more bullish because i am looking for a weekly higher low, if this isn't the weekly higher low i would get stopped out with a small loss at these levels as now we have a clear...
I am just shocked how identical these cycles repeat. Market manipulation or human nature? It is what it is...prepare for liftoff
NDX is overbought and is ready to drop The momentum has turned sour Weekly and Monthly moving averages are providing strong resistance The pattern repeats for every drop and is repeated now Based on models from 2001 and 2018, we are primed for the 4th drop The 4th drop is the most significant and will easily take NDX below 10,000 I predict the final bottom will...