miguelsique

miguelsique

So I was hoping that the bulls would continue to push the price of BA higher but has failed multiple times. seems like it does not want to break the 212 price. It has now formed a pennant heading to the downside. Seeing the premarket price action for BA, if the price opens below the pennant we can see boeing continue going down to 194-192 to fill up that gap or...

miguelsique

Good morning everyone. looks like futures are not looking good this morning as we see a 25 point loss so far from one day to the next. If you are bullish make sure to look at all possible bull traps as we see a possible evening star pattern forming in the daily time frame. Monday will for sure confirm if its the beginning of a downside trend. Todays price on...

miguelsique

Its important for spy to close inside the trendline it was in. if it closes out of the trendline we might see SPY go down another 2%. The voting decision of who will run the senate might be a heavy influence of where the market will head in the next couple of days. To be honest if it does go down it will only be momentarily as I see a sell off happening primarily...

miguelsique

Looks like BABA can face a little bit more downside before there can be a reversal. I am seeing BABA touching the 244 price area or the 200 MA before there can be a clear reversal. However, I would not go long yet even after that point has been reached because there could be a consolidation first the stock can decide where it will decide to move.

miguelsique

Nio has been going down for a couple of days now. To be honest most chinese stocks have been taking a hit including Giant chinese ecommerce stock BABA. When I look at NIO I am starting to see what it appears to be a morning star bullish reversal. Now there is not much confirmation at the moment, but first we need to see that the selling pressure diminishes more....

miguelsique

buy opportunity at purple area only if it holds price level

miguelsique

So far XRP is doing exactly as expected. if you seen my previous post i expected this move which of course a pullback was expected. it has to hold its current price level for just a few more trading days in order to make that big push. the selling volume has diminished so we are hoping for XRP to start that expected push some time next year january. This is a...

miguelsique Updated 

I buy ripple every week. I see so much potential long term. after Ripples big break through up to .70 cents it's been in consolidation mode.It obviously held that position in the .60 cents area. Regardless of that I do see XRP still retesting previous break through of .47-.51 cents before a push back up. With cash continuing to decrease in value we should...

miguelsique

good morning traders. so we ended the day, wednesday, as what it appears to be a bearish engulfing pattern. to further confirm this, today, we need to see another drop and sell-off. now the future indices looks like it will be up but seeing the nature of the market I believe it will be up in the beginning of the trading day but will not support and will end up...

miguelsique

So RKT is one of those new IPO of this year along with PLTR and SNOW. as we can see they have all made massive breakthroughs and made great bullish runs. my assumption is that these stocks have been tired out and the next one to make a bullish run is RKT. for the past two days we can see RKT stacking up a decent amount of volume. i mean look at the volume today....

miguelsique

right now I am long on AAL but not until i see a retracement back to that purple price area. We are currently overbought in almost all stock tickers so we might see a big pull back in all markets. but it will be short lived. this is healthy in the market. we also see a golden cross occurring so this indicates a bullish run but as i always say nothing is certain...

miguelsique

Still seeing AAPL consolidating a bit more before a big push up. we still need to see a bit more volume in my opinion. January should be an interesting month.

miguelsique

When I look at the market for this year I start to see a trend. The biggest sell offs are usually on the last month of each Quarter. March, June, and September. Will this trend continue for this month? It is still a bit early to say but if this trend remains consistent we will see a massive sell-off by next week as early as tuesday or wednesday. We also see that...

miguelsique

Zoom is still going down in my opinion. after the news of a potential vaccine, stocks that benefited from the pandemic are beginning to plummet. however, zoom is still a great innovative idea, which i do not see it going away any time soon even after the pandemic. based on technicalities, we are close to seeing a potential reversal once zoom is oversold. im still...

miguelsique

Many people have been posting on a triple top that might be occurring on spy but completely missed the double bottom formation that recently occurred. The "W" formation seen here indicates a clear double bottom. Now this double bottom is still no confirmation for a bullish run to new highs as we see a real possible double top might occur at its previous ATH...

miguelsique

Snowflake is not a stock I would trade because I see it more of a long term investment. however, I just wanted to do a technical on the stock just for fun. its getting ready to break out of the ascending triangle. before market closed yesterday there was a decent amount of volume which raised the price from 245 to 251. lets see where it goes from here.

miguelsique

So today we needed SPY to close higher then what it did in order for their to be hope for a continued upward move. unfortunately we were up by a decent amount only for the sellers to take control toward the last minute of the market. tomorrow buyers need to retake control and make an attempt to move SPY above 350 to get spy out of the possible downward channel...

miguelsique

pretty good profit today on spy. sunday i made these indicators and shorted spy since it opened below the trend line shown on the graph. the purple area shown on the graph has been consistently a key level to watch. I still believe that spy has more room to drop but if it rejects the 20 Ma i will not re-enter my shorting position and wait for a better set up. the...