WhatAmIDoingWithMyself

WhatAmIDoingWithMyself

QQQ tapped the old trendline that kept it down today as well as the 20 day. QQQ also has support on the RSI trendline and the RSI looks primed to pop, so this means QQQ is likely about to return to ATH soon.

WhatAmIDoingWithMyself

IWM coming in with the h on the a trendline support. The h is a pattern that is bullish. IWM touched the .786 fib and took a breather intraday. It is likely to keep going higher, watch 224ish. The RSI is also in a good spot with the trendlines ready to breakout of the downtrend. Looking bullish

WhatAmIDoingWithMyself

SPY looks good for continuing up with room up to 490 based off the May 2021 trend. 477 or the middle trend line is the spot needed to retake that trend. The RSI looks primed to breakout to the upside as well. The linear regression from the October bottom would suggest we are in the middle of the range and have can have a move up to 490 without any trend issues....

WhatAmIDoingWithMyself

SOXL has been on a downtrend for a little while, it is the 3x leveraged bull semiconductor ETF, so it is inherently risky due to being a 3x leveraged ETF. This is now the time to start dollar cost averaging into SOXL, whether it be shares or LEAPs, it is good medium-long term.

WhatAmIDoingWithMyself

Using the data for how SPX reacts after achieving a weekly RSI over 70, we are able to see a potential top was likely around April 27 near 4216.5 using the median of the data, the data going back to post the Great Recession, using this data, the next target down for a bottom would be about May 25 near 4029.8, which conveniently fits on a trendline from October and...

WhatAmIDoingWithMyself

IWM has dropped nearly 10% from its all time high a couple weeks ago, it is nearly in a correction. This week alone IWM has dropped 6.57%. There are a couple of things showing that this might be the bottom or at least a temporary bottom, the RSI trendline is right at the bottom of the channel, today we closed right at the trendline that held during the last minor...

WhatAmIDoingWithMyself

WMT dropped post earnings and has been on a downward trend ever since, it has touched its April highs today along with a fib, being oversold, and on a trendline makes it seem primed for a reversal soon. This is a good time to go long on WMT. I'm liking this trade.

WhatAmIDoingWithMyself

SNAP has formed a nice wedge and is getting ready to breakout of it. The fib arcs show a breakout is imminent as well. There were large flows for leaps a couple days ago at this level for SNAP. FB also has earnings tomorrow, so the ER runup can give a sympathy pump to SNAP as well.

WhatAmIDoingWithMyself

LI has been left behind from the other big Chinese EV companies as of lately. It has formed a very nice ascending triangle on the weekly. I posted price targets on the chart based on the fibs. I'm really fond of this chart.

WhatAmIDoingWithMyself

PDD is holding the trendline very well and has formed a very nice pennant the last couple weeks. It looks like PDD is going to breakout in the next couple days. PDD held the fib on Friday's close and is likely to breakout Monday or Tuesday.

WhatAmIDoingWithMyself

A general oversold play here, buy the dip. Price targets following the fibs, 60.50, 62.83. Low RSI indicating oversold also had a big flow for 6/18 60c recently, along with being at the fib, seems primed for a reversal.

WhatAmIDoingWithMyself

The chart is looking nice for SQ to breakout. The big thing in this play is also the rumors for SnP inclusion. If SQ is included, it will undoubtedly go to new all time highs. SQ defended the fib intraday as well.

WhatAmIDoingWithMyself

KO closed right on the fib, combined with the trendline support and the low RSI seems primed for a reversal up to around 49.96. It would be a decent idea for ATM call debit spreads imo.

WhatAmIDoingWithMyself

WMT is back on its September trendline. It is looking choppy lately, this is why call debit spreads ATM are a decent idea for WMT. It has semi low RSI as well. It seems likely to float around for a few days waiting for a potential breakout.

WhatAmIDoingWithMyself

TWTR has gotten knocked down recently, a big reason is the news lately hasn't been the greatest for twitter. TWTR bounced off the fib earlier in the week at open, Friday, it closed right at it. TWTR also has a low RSI, indicating oversold, under 30, it seems primed for a reversal soon. It has a gap that it can fill up to 51.48. That would be the next target for TWTR.

WhatAmIDoingWithMyself

Recently social media has taken a hit, FB was forming a wedge for a few months and broke out of it. Looking at FB here, it touched the fib and bounced hard on Friday. It was in oversold territory and still is relatively. The next price target I have on FB is around 266. This is an excellent spot to long FB.

WhatAmIDoingWithMyself

In a few days it seems likely that FUBO will breakout and pop.

WhatAmIDoingWithMyself

FDX dropped around $50 from its last earnings that it beat... The chart is signaling a reversal happening soon with support around 248 from a trendline. Combine this with the oversold RSI and how the market has worked lately... all signs point to buying the dip.