I went to pick my boat up at marina from service yesterday. I had conversation with owner somehow he started talking about Tesla and how he just sold a few houses because market was so hot took proceeds and bought more tesla. I asked him if he like Elon he said who’s that? 😂 he said I don’t give a f%^# that stock just goes up 🤦♂️. Tesla looks very bullish again...
More distinct pattern on NQ cup n handle ascending triangle inverse head and shoulders. This has broken out and can make new all time highs. Confirmation candle yesterday above previous resistance now support.
Ascending triangle and inverted head n shoulder with cup and handle all supper bullish formations on the qqq. Lots of uncertainty going on fundamentals are very bearish however with more stimulus and 0 rates can push this to break out above resistance and make all time highs. I’m holding a some puts however watching closely for a close/breakout above resistance...
We broke second level resistance with a retest then confirmation break of that previous resistance now current support. I’m currently long qqq as long as 40 wma d holds as support using as stop. Good luck
Closed short qqq today taking wait and see approach. Had inside candle with outside outside last three days. Reversal candle today on the daily hanging man like the top reversal candle on this swing down. I’ve noticed candles haven’t mattered much since March. I closed out short neutral for now. Confirmed break of resistance 10 ma took a small profit.
272.67 10 Ma daily currently hugging red
Line. If we get a candle break above tomorrow I will close short position and wait to see if candle confirmation the following day to resume short or start long position. I feel like we will get a overshoot to trap bulls and resume down but feelings cost money I always stick to what the chart is telling me
Outside candle close. Still short. Only concern would be to watch the Vix closed below initial support. Dollar held steady looks like it wants to break out. Looking forward to NCAA and NFL football 🏈 😃