Daily Report QQQ looks like it is coming in for a retest of the breakout. The 370 is a key resistance level because that resistance level also aligns with the fib golden pocket. If the price is rejected at 370 then QQQ will head down to the 452 support level. If it breaks the 370 resistance and closes above then QQQ will be done with its correction and head to...
Daily Report SPY had a great week so far but it looks like the bull run might be hitting a resistance. After a breakout to the downside on Jan 19 it looks like SPY is coming for a retest of the breakout. The key resistance level to watch is the 457 resistance. The 457 resistance level aligns with the 100SMA and the golden pocket fib retracement. If it closes...
Daily Report ARKK looking bullish in the short term. ARRK has a breakout on the RSI so it looks like it is headed to the 91 resistance level but before it can do that it has to break the downward blue trend line. I want to note that ARKK is still in a bear market so any run up will most likely be met with selling.
Daily Report A great come back for AAPL today and also bringing the market along with it. AAPL is now back above its resistance which now becomes support. It also went up with increasing volume which is a good sign. The next target for AAPL is the 176 resistance level before it goes on to create new ATH.
Daily Report AAPL jumped after hours due to earnings. It is currently sitting at resistance which is a very critical level. A break above 168 will put AAPL back in an up trend. I would be looking for a rejection at the resistance and come test the support at 163 before heading higher.
Daily Report SPY is trading in a sideways channel with wild swings. Support at 427 and resistance at 442. A break in either direction will set the trend for the market. A break above 442 can easily take SPY to 451 resistance level and a break below 427 will take it to 421 level. If the 421 level is taken out then most likely SPY is headed for a 20% correction.
Daily Report VIX looks like it is getting weak. After it broke out of the falling wedge it failed to go above the 33 level. Even on the indicator it shows that it is loosing momentum. My take is it heads down come here which will be good for the markets.
Daily Report VIX breaking out a falling wedge and closed the day doing a retest of the breakout. The critical level to watch on the upside is the $40 resistance level. If VIX breaks out of that level the market will take its next leg down. But if the VIX breaks the 27 support level then most likely bulls will be back in control and the market heads higher.
Crypto Report Looks like BTC getting ready for the next leg down to the 29K. With the feds increasing the rate is going put huge pressure on crypto. Until BTC can recapture a resistance level it is gonna continue downward. If BTC breaches the 29K support level it then opens the door for 20K. It is a tough time to be a bull.
Crypto Report BTC finally broke out as expected. It is now getting ready for a big move. It is now sitting right at resistance. The momentum is on the bulls side so I think it breaks resistance and head to the 39K resistance level. The 39K resistance level is a critical level to watch and it will be a good profit taking level. If the bulls can break through the ...
Crypto Report BTC looks like it is forming a bull flag. A breakout can easily take it to 39K resistance level. It is still bearish on the daily so this will just be a retest to the 39K level.
Intraday Report Looking for a SPY bounce? For that to happen VXX must break below 24.60 support level. A break below will give a good bounce for market.
Daily Report LVS looks like it is bottoming out. Will earnings finally make it breakout? A break above 45 resistance level can easily take it 54 resistance level. Earnings coming out on Jan 26.
Crypto Report It looks like BTC is headed down to the 29K support level before we can get some bullish reversal. But in the short term it does look like it might rally to the 40K resistance level to do the retest of the breakout before it heads lower. If BTC can get a close back above the 40K resistance level then that will be a failed breakout and it will head...
Daily Chart Report XLV got a nice bounce off support with increasing volume. But I would be very careful because it is still below the $129 resistance level and below the 200D moving average. For XLV to show some strength it needs to get above the $131 resistance level.
Daily Chart Report VIX after breaking out of the bottoming pattern; finally hit the full measured price target today. Since it got rejected nicely at the $40 level it is a since that it might head lower. The level to watch is the 27 support level. If the 27 is taken out the market will be back in a bull mode. There has been bearish put buying today on VXX which...
Daily Crypto Report FTM sitting at a very critical support level. The 1.82 support level also coincidence with the fib golden pocket retracement. If the 1.82 support level is taken out then it will be an easy ride down to the 1.29 and then 0.93 support level. FTM does seem to have a double top breakout to the downside with increasing volume so it might retest to...
Daily Chart Report JBHT looks like it's gonna start heading lower. All the indicators are showing some bearish trend and we also see some increasing volume on red candles for the past few days. If the 194 support level is taken out then it will head to 185 within days. The chart is only bearish for the short term. On the long term it is still in a bull trend.