Two ATH's & a -20% bear market well within a full trading year - definitely one for the books. Outperformance of tech recently is as obvious as it was last year when $NDX was first major indice to get back to new ATH's. Either an A+ time to get short or just the start of another overly-bullish type phase to clone 2018
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I have been calling these...
Previous significant market top that formed a mini double top and drop looks to be happening again.
Monday we should see another gap down and continued follow-through selling, or at least next week which should create a spike in the vix as shown here: www.thetechnicaltraders.com
I like Pinterest as a product, but I don't participate in this IPO.
The main reason is the market doesn't like social networks IPOs:
Twitter, Snapchat.
My expectation is +30-40% in first trade day, maybe this will even hold strong at first quater, but then the financial result with estimates of -1.6 EPS will do the thing, -1.135 billion spending will make it...
Up Trending RSI
UP Trending MACD
Breakthrough near term level 183.25
Test at 188 - this will be interesting, I think it will break through after some initial resistance, but I will be watching closely. its going to be exciting!
NOTE: I was initially bearish and short the market until the break out around 175 - Mr Market has his own mind
Disclaimer NOT INVESTMENT ADVICE
Volume of last Friday was soo high and deep drop . down trend will continue for while perhaps will have some small bounce then to continue drop targeting 160 . also support above 152 if broken then quickly will go to next support at 147 if its broken then will go down sharply to area 120s (but not expected for now) most likely down trend started and ends up on...
NASDAQ:QQQ
CUANDO EL QQQ (ETF DEL NASDAQ 100) SE COMPORTA CON UN MISMO RANGO DE VOLATILIDAD ENTRE 5 A 7 JORNADAS, ANTICIPA GRAN AJUSTE DE PRECIOS INMEDIATAMENTE.
ESTO ES EVIDENTE CUANDO EL VXXB (ETF VIX) CAE MUCHO Y LOS PRECIOS DEL MERCADO NO AVANZAN DEMASIADO.
FlashPoint Trading was alerted to sell short /reversal signal shortly after the opening this morning on QQQ 15 min chart. After closer inspection, we noticed a Symmetrical Triangle or spring with 5 touch points. A dump below the up sloping blue line will likely try close the April 3rd gap around $182.90. Any additional selling pressure could see a decline to...
Blue: If this is indeed a rising wedge that is being honored by the markets. We often see that final wave up fail to reach the upper/lower trendline. Sure the markets are bouncing back once again today. How is big tech doing though? AMZN, FB, NFLX, NVDA, GOOGL all are lagging the market today. How much farther can we push without them?
Green: We could grind...
The thick purple line is the long term support line of this last bull run from June 2016. We are either going to hold here and blast off or fail and correct. Yellow is current support trend since January of 2019
If you compare this bubble when they keep short vix until implode, stock market has go parabolic since march 7 Using fang names like apple Amazon, fb, and my favorite bubble is microsoft, the vix is so low, and never im my entire life as a trade have seen non correlated yields with the stock market. and earnings not even release market keep ignoring data, just...
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NASDAQ:QQQ
