range should tighten for 5g stocks (FIVG)weve retraced about to the .5 and if we see a bounce here a tightening range is the most likely scenario which is my bias long here according to qqe, rsi
Etfs
promising action in cybersec (CIBR)i think now that were over it, remaining over vwma after testing some higher low should be an easy task. this should lead the market up.
this is really simple; oversold bounce (ARKK)i dont think i need to spell it out for people when i say this is oversold, and should bounce. yes this thing really collapses when the market takes an unexpected turn down, but then it makes very predictable reversals. we should hit that vwma. whether it is resistance or not we shall find out.
two paths for nasdaq futures (TQQQ)in reality the tech boom is to blame for this correction. if we werent in such business with the market weight we are currently there wouldnt be a need for the drawdown in buying that we are. this could obviously co tinue, but my bias is still long after the current contraction and retracement. divergence from vwma, rsi and qqe signals strategies are long, and i have to say that the weekend looks promising as long as we stay away from negative headlines. the conflict is mostly priced in and xlv, xle, xli, utsl having a good day in relation to the rest of the market moving down shows healthy rotation, and does not spell a crash. defensive sector stock will accumulate and prices in tech will move up.
two paths for volatility (UVXY)theres a really bullish sentiment playing out on the daily, but technical indications are that we sell off a little in vix. ive circled the type of cross i want to see, and highlighted what could gappen if we dont complete the bearish pattern.
over $23 or under 16 in 1 week
PXJ LONGAMEX:PXJ
The Invesco Dynamic Oil & Gas Services ETF (Fund) is based on the Dynamic Oil Services Intellidex℠ Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Index is composed of stocks of 30 U.S. companies that assist in the production, processing and distribution of oil and gas. The Index may include companies that are engaged in the drilling of oil and gas wells; manufacturing oil and gas field machinery and equipment; or providing services to the oil and gas industry, such as well analysis, platform and pipeline engineering and construction, logistics and transportation services, oil and gas well emergency management and geophysical data acquisition and processing. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Guaranteed money (UVXY)If we break to new highs it's almost a guarantee that, provided we are hitting new lows in multiple important sectors like tickers xlf, qqq, spy, we take this over 19. The only real guarantee is that whatever high we hit in UVXY we are seeing lower prices soon. low 14s is where I'm drawing these hypothetical puts expiring a me to.e early March. This is based on the simple fact that indices didn't hold their lows, and there are really two scenarios that can play out: we set some lower low as support and bounce, or we continue lower. If we go lower there's really no support. If we bounce there's really very little resistance. Low availability of shares means we're not headed sideways.
This is the bullish picture for uvxy:
This is the bearish picture:
The forecasts show my limits of how far I would long or short based on a bull/bear move from current levels. The ghost feed is just one solution to how they could both hit. If you get the right signals UVXY is guaranteed money.
Bearish momentum should stay (TQQQ)Rsi needs to bullishly diverge further, so the drop in price should be larger. There's really little room to judge this as a lower low that could hold. Around 40 is an area that might induce bullish activity. I wouldn't look for a long entry right now, but there will be one eventually. This is damage that will last up to the monthly.
Vwma has turned down, and qqe is still short.
.618 retracement seems like its a buy for broader markets (SPXL)109.56 would be a great higher low to put in if we get bounce into the end of the week. i trust that if we keep cloaing over 105 on the daily that we will be back up at 123 in a couple weeks time.
this is big (TQQQ)i see a full recovery if broader market bulls can continue this turn around. should we find ourselves in a position where melt up is taking place, i think we have no choice but to go with that. the daily picture is shaping up in bulls favor, but the smart thing to do is wait for confirmation of the trend change.
Nifty high probability bounceWe gapped lower on S&P ES1! action, but we'll probably retest the upper channel bounds unless ES1! breaks lower.
Short the rallies.
Good luck and hedge your bets!
fiveg stocks set to turn around once again (FIVG)five g stocks benefit from the creation of fiveg lines. the sale of fiveg capable phones shouldnt drop, so id imagine additional 5g lines are going to be opened. this inflation and rate hike sentiment will get priced in, and we should see a bounce from technical levels.
cybersec stocks set to confirm eventual reversal (CIBR)cyber security stocks are like an insurance premium on data centers. the more sensitive the data, the more is paid in general securing it. this etf will do really well when tech is booming. tech should return soon, so cybersec sgould return soon. rsi is about to meet signal for the first time in more than a week. anchored vwap is flattening above price. qqe is long.
overbought vix (UVXY)i wouldnt want to be holding this thing long right now. were at 84 rsi hourly and a pullback from these levels seems like its in the works.
mid to high 15s is the target. even if we gap up and blast to the upside, i dont think were really in hot water unless spx breaks to new lows, and it doesnt seem like thats going to happen.
fat gap up in financials. what now? (XLF)either were aiming for closure of the gap, or continuation. since the gap is quite large i imagine we continue the bounce as over 40.50 is likely from the size of retracement.
self driving shifting back into autopilot (IDRV)the turn around in the nasdaq and big tech as well as related sectors and their respective etfs should also hit self driving. we should find ourselves breaking the downtrend soon.
seems a lot like volatility has returned as the norm (SPXL)theres a chance that getting back to all time highs may take a lonh time, and when we get there we may be heading into another drop. if volatility has returned as the new norm there is a lot of evidence to suggest that we wont see a stronger market than 2021 until at least 2023. should we make a second break to the downside whether it is sooner or later a touch of vwma monthly is not unthinkable.
vix churning lower, should spring back then decline (UVXY)this is a rapid consecutive forecast going into the end of the week
i dont foresee vix ending above week highs, but there could be bounce if we dont immediately continue lower on the daily
the forecast cluster represents output from the ghost feed
this is based on qqe, rsi, vwma
14.74, 14.24, 13.81 are key levels
oil could resume the boom (GUSH)wti is still in a weekly uptrend, and that could mean bulll
ish business for GUSH.
i think every time we hit a bottom in monthly oil futures we experience a period of upside with extreme volatility until that pattern of lower weekly highs during reversal breaks on the daily.
we are just near treating VWMA as support.
energy is another sector looking for a higher low (XLE)energy bullishness is another sector rotation play that makes me think were in a better place than some seem to believe. i think we will experience additional bolatility for the time being, but so will the markets at large. we should keep a decent uptrend, unless the pullback proves more retracement than risk tolerance for outflows can support.
the long and short of it is thag bulls have given themselves room to work with, even if we go sideways for a while.
nasdaq bear making moves under week highs (SQQQ)generally this etf is going one direction: down, but the weight may be lifted off its shoulders briefly as calls expiring next week are eliminated. if we cant break to new intraday highs i would imagine sqqq has one last trip above 40 only to get sucked back to vwma.
tightening range small caps broke bull (IWM)the tightening range broke to the upside. if we can treat the area as support we could continue higher into upper 202s
consecutive forecast for weeks ahead (TQQQ)i think we will see a lower high, followed by a lower low, but we will stay over the .382, and then continue higher
every period of volatility that dried up quickly or was extenuating in nature was v shaped, and every period that was more exaggerated or corrective in nature was cypher shaped.
we could bull cypher with a touch of support, but if we break it things will get much more serious quite quickly. if we break the 0 of extension the picture will clear up greatly for nasdaq bulls.
sundays session should be bullish continuation, and we should open higher monday and then begin the flush to new lows middle of the week of the 6th, unless we immediately continue higher over 59
