Pls see profile for more info We limit data as it's copy paste We're cautiously bull $DJI, bit more on $NDX But there's reasons: #ECONOMY = TRASH Tons of good lost jobs Unemployment low but most BAD jobs & multiple jobs #DJI RSI negative divergence (slight weakening) #NDX RSI looks good & many green candles $DIA $QQQ #QQQ #Stocks
Nas100 - Rst 12180 Supp 10674 During a year period of downtrend, we notice that 10674 is the only area being strongly supported with trip bottom pattern. If this area does not broke, i do believe market wave will continue to move towards a big rounding bottom back to highest rst 16590 area. The risk to fail this recovery pattern will be the rise of CPI data....
Encouraging for $NDX Start top left, left > right, then bottom left Can u c cup forming? 30Min shows it best #NDX 4Hr Bullish crossover, strengthens daily Daily, struggling here, thick yellow line on last chart $DJI Inverse Head Shoulder still in play $QQQ $VXN $TQQQ $SQQQ
We're setting up for 2nd leg from yesterday's move Volume yesterday was good $NDX #NDX $QQQ $TQQQ $SQQQ $VXN
DESCRIPTION: In the chart above I have provided a macro analysis of QQQ. *IMPORTANT: Aside from SUPPLY & DEMAND POCKETS the main thing to consider is the distinct pattern we seem to have been following for the past 3 falls after rallies. Where PRICE ACTION seems to create this hook like formation before CAPITULATION takes place. POINTS: 1. QQQ exhibits a...
📈 What’s up investors! 📉 Welcome back to another one of 💡“Mike’s Ideas”.💡 I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!! I have 4 levels marked and colour coded on the Chart. These levels are: ⚪ White = Entry Point 🔴 Red =...
I think we are over bought! Prices have halted with a spinning top doji having formed and a candle after to confirm a possible pullback. We have room to drop back to the high volume node at $17 where smart money will make the next decision on direction. Not financial advice , DYOR
The market shall remain irrational and thus I will take the opportunity to go long at least for a scalp up to $18.70, if we see continuation there are some upper targets to note. The hull suite is giving a buy signal, rsi moving up and we are far from over sold. Not financial advice, DYOR. Stay Blessed.
This is a daily chart of the relative performance between the Nasdaq 100 ETF (QQQ) and the S&P 500 ETF (SPY). Analyzing this trend in relative performance can help us determine the strength of technology stocks relative to the broader market. Today, for the first time since 2021, the QQQ/SPY daily candle closed above the Ichimoku Cloud. The Ichimoku Cloud is one...
This is the bullish scenario for TQQQ i think we will hit the support at A but a reversal www.tradingview.com could take place at that point
www.tradingview.com [/urlOk so with the divergence on the 4 hr it is very possible wave 5 is complete, But we have a zigzag formation that has not been completed yet, C will mark the spot at 100% extension, if we were to reverse here these are some levels to watch. I know most people are bearish and so am i BUT the market has never tanked when people expected it...
So far my TA has been spot on, lets see if I can keep the hot streak, major imbalance in orders with the large gap, looking for a long to fill the gap then close PLEASE CHECK MY POST ON AUGUST 28TH www.tradingview.com This TA could easily turn bullish
I'm not going to bore you with economic data, we all know the fed will continue to raise rates until the economy shows signs of weakening. The fed WILL pivot and we will see the market turn. So a weakening economy should be bullish for the market.. sounds crazy but bad is good now.. Please if your expert at Elliot wave I www.tradingview.com would love to hear...
Well we talked about hitting this level in our last post and the target was hit, again I'm only looking for short positions. (Below 200 ema) Currently we are overbought on the MFI and if u look back this has marked a good opportunity to short the market. TSV started showing bearish divergence ADX validated the trend. Which is bullish but still a little early...
www.tradingview.com Forming a wedge just like we did in the past, we broke out and our target is $21.5 to $24.63 which is exactly 38% fib extension (wave 4), also if your into chart patterns we take the largest part of the wedge and we use it as a guide to take profit, it correlates with wave 4
VTI has a monthly bearish divergence in RSI. There is massive head and shoulders forming. Headlines coming about how money is flowing in. I believe they just want money to flow in so they can have liquidity to dump into. The market has had the most orderly decline this year that I know of. I still believe massive downside is in store for ETF's, blue chips that...
-As of the last 7 days, TQQQ shorts are capitulating whilst SPY shorts are increasing. The effect is a sideways crab market. -2 months before, SPY shorts capitulated and instead built a massive short position in TQQQ never seen before in size. It looks like the switch over from TQQQ to SPY is currently in progress. As for the prediction of TQQQ going to $24.2...
I'm gonna keep this short, 1. Extended wave 3 at 262% fib ex, @ $267 2. Shallow wave 4 retracement due to the extended wave 3 @ $284.16 3. Wave 5 is the same length of wave 1. @$261 4. Forming a descending wedge, waiting on a break out confirmation 5. Looking for WAVE A RETRACMENT BACK TO THE 50% FIB LEVEL @ $300 Extreme volatility in the AM