L2way

L2way

QQQ’s uptrend remains intact after a rough 2 month correction appearing in the tech sector. QQQ is seen retesting resistance close to its ATH which we should watch for a potential breakout, which would call for a new ATH in QQQ.

L2way

On the 1 yr 1 day chart we see bullish MACD crossover resulting from the recent inflow of cash to the tech sector. Got in some long calls this morning, hoping for a nice run to 220’s.

L2way

We have seen extremely bullish movement in the markets recently, specifically the NASDAQ. As shown on the chart, PYPL is ready for a larger leg down to the $255 price range according to the bearish MACD crossing, and what looks to be a bearish candle pattern forming.

L2way

The recent uptrend in PYPL is moving to $255 where there seems to be a strong resistance level. We should be cautious and watch what happens to the resistance at 255, if broken through and the trend moves higher I might be interested in placing OTM calls expiring 3+ months out. Conversely, if we see PYPL fail to close above 255 we could see a bearish move towards...

L2way Updated 

PYPL testing an important support, we could see the correction continue and present a great buying opportunity between $175 - $210.