Bear Markets are Tough, If in Doubt Zoom Out!Looks like there is a little more upside after todays bullish close. Then the inevitable will happen... Eventually lol! This market is very frustrating at times but when I'm in doubt, I remind myself to zoom out! Looks like we have been trading in this falling wedge since right after the end of March relief rally when we tried to reclaim the 200 SMA. My thesis is that we have not traded narrowly enough in this wedge for a real break out to occur. We had a very similar bear market rally starting at my 1st finger I have charted, 24th of May. During that rally we pushed up about 12% or 1400 points, 12% up from last Thursdays low would get us up to the top of my second lower high circled. I am waiting for a rejection around this last move up to the 13,700 range I have circled before I open up a bigger short position on QQQ, by then we should be overbought and trading around 300-310 range. If this plays out I will take profit at the bottom of this wedge and keep some protective puts in my back pocket as I attempt to catch a falling knife cost averaging in to potentially catch a BIG rally into the GOOGLE split!
Feel free to give me your feedback, I am very new at charting and appreciate constructive criticism. Good luck and safe trading to you all!
-Jake T
NASDAQ:QQQ
NASDAQ:NDX
GOOG Alphabet Stock SplitGOOG 20-for-1 stock split is scheduled to occur on July 15.
Companies that that did stock splits statistically had outperform the market in the 12 months following the split.
I think we will se GOOG trading at $2350 ahead of the split.
Looking forward to read your opinion about it.
Google Forecast. What do you think?I share TWO of my IDEAS!
1. First Option (1 YEAR)
Is done by looking at the Financial Health, Historical DATA and
calculating its Fair Value Today
2. Second Option is a Longterm Investment. That depends on the Market and Growth of Google
Disclaimer;
NO ADVICE TO INVEST and TRADE SAFE!
GOOGL WARNING: If 2025 is lost, 1786 will be very fastGoogle is still in a big red channel downtrend sine the ATH at 3042 failing to hold even the median line last week. The lower red channel at 2025 will be tested.
If Google loses the 0.50 Fibo retracement, there will be a totally blank space (green box) until the next Fibo 0.618 at
1786. The decline will be very very quick. This capitulation most likely to happen after some impt catalyst
event. Then a reversal will follow after 1786 holds.
BULLISH CASE: if the black VWAP from pandemic low holds (also near 2025), Google will most probably just bounce off the lower red channel making a divergence with a slightly lower low before rally.
Not trading advice
Judgement Week for $SPX $SPY is Upon UsReally not sure what to expect, but the level of bearishness combined with a few gigantic stock splits ($AMZN splits Monday 6/6, $GOOGL 7/15, and $SHOP 6/22) could propel the marketing into the 4400 range. I believe that would be the MAXIMUM pain for bears, then continue down.
Reasons for my bullish short tern outlook.
1. $AMZN stock spilt on 6/6
2. Incredible amount of PUTS across the bored leading to a sense of over hedging
3. TTM Squeeze on $SPX daily looks primed to rip towards the upside
4. WeBull comments section is super bearish. lol
GOOGL dailyGreen zones are potential good area to average in shares.
+ Back over 20day SMA
+ Need to hold blue zone, confluence with 20day
+ Historically good moving average: 150 weeklySMA
- Still not above neutral
- Declining moving averages (resistance on a uptrend)
- 2 gaps remaining
- This yellow box can look like a distribution phase after a long run up, we would now need to wait a new accumulation phase to get back in
Alphabet (NASDAQ: $GOOG) Is World's Top Search Engine 🍲Alphabet Inc. provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play store; and Fitbit wearable devices, Google Nest home products, Pixel phones, and other devices, as well as in the provision of YouTube non-advertising services. The Google Cloud segment offers infrastructure, platform, and other services; Google Workspace that include cloud-based collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells health technology and internet services. The company was founded in 1998 and is headquartered in Mountain View, California.
GOOG BullishNot sure why no one is talking about GOOG at these levels. Such a sleeper tbh. 2333.33 is so programmed. I am full porting short terms calls on this. If it doesn't work out I will probably stop posting on tradingview because the market is totally rigged if Google keeps falling. Bless up !
Daily US Stocks Volatility Forecast 23 May 22 APPL, TSLA, MSFTApple 23 May 2022
For today, based on the last 30 days, the current implied volatility is around 2.63% movement.
So with a more than 78% chance we can estimate that the current daily channel made with 138 open candle value, is going to be:
TOP 138 + 3.6 -> aprox 141.6
BOT 138 - 3.6 -> aprox 134.4
At the same time, if we want to increase our probability, we can go for a IV of 3.94%
With this we can achieve over the last 5000+ daily candles, a 90% probability.
So in this case , our daily channel is going to be compressed within
TOP 138 + 5.4 -> aprox 143.4
BOT 138 - 5.4 -> aprox 132.6
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Microsoft 23 May 2022
For today, based on the last 30 days, the current implied volatility is around 2.63% movement.
So with a more than 78% chance we can estimate that the current daily channel made with 253 open candle value, is going to be:
TOP 253 + 6.6 -> aprox 259,6
BOT 253 - 6.6 -> aprox 246,4
At the same time, if we want to increase our probability, we can go for a IV of 3.75%
With this we can achieve over the last 5000+ daily candles, a 92% probability.
So in this case , our daily channel is going to be compressed within
TOP 253 + 9.5 -> aprox 262,5
BOT 253 - 9.5 -> aprox 243,5
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TSLA 23 May 2022
For today, based on the last 30 days, the current implied volatility is around 5.44% movement.
So with a more than 78% chance we can estimate that the current daily channel made with 665 open candle value, is going to be:
TOP 665 + 36 -> aprox 701
BOT 665 - 36 -> aprox 629
At the same time, if we want to increase our probability, we can go for a IV of 5.44%
With this we can achieve over the last 5000+ daily candles, a 90% probability.
So in this case , our daily channel is going to be compressed within
TOP 665 + 55 -> aprox 720
BOT 665 - 55 -> aprox 610
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Google 23 May 2022
For today, based on the last 30 days, the current implied volatility is around 2.7% movement.
So with a more than 78% chance we can estimate that the current daily channel made with 2180 open candle value, is going to be:
TOP 2180 + 60 -> aprox 2240
BOT 2180 - 60 -> aprox 2120
At the same time, if we want to increase our probability, we can go for a IV of 3.6%
With this we can achieve over the last 4000+daily candles, a 90% probability.
So in this case , our daily channel is going to be compressed within
TOP 2180 + 80 -> aprox 2260
BOT 2180 - 80 -> aprox 2100
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Volatility Weekly Movements Stock, Crypto & Others16-20 MayExpected movements for 16-20 May 2022
SPY/SPX
Current volatility expected for the next week is going to be around 4.52%
So in this case for SPY with almost 90% accuracy the next top and bottom are going to be:
TOP 420
BOT 383
At the same time for SPX/ES with almost 90% accuracy as well, we have the next top and bottom
TOP 4200
BOT 3840
----------------------------------------------------------------------------------------------
QQQ/NDX
Current volatility expected for the next week is going to be around 5.57%
So in this case for QQQ with almost 85% accuracy the next top and bottom are going to be:
TOP 318.75
BOT 285
At the same time for NDX/NQ with almost 85% accuracy as well, we have the next top and bottom
TOP 13100
BOT 11700
----------------------------------------------------------------------------------------------
DIA/ Dow Jones
Current volatility expected for the next week is going to be around 3.36%
So in this case for DIA with almost 90% accuracy the next top and bottom are going to be:
TOP 330
BOT 311
At the same time for MYM/YM with almost 90% accuracy as well, we have the next top and bottom
TOP 33200
BOT 31000
----------------------------------------------------------------------------------------------
Apple
Current volatility expected for the next week is going to be around 5.76%, however we are going to imply 7.2%
So in this case for Apple with almost 90% accuracy the next top and bottom are going to be:
TOP 157.7
BOT 136.5
----------------------------------------------------------------------------------------------
Amazon
Current volatility expected for the next week is going to be around 7.46%, however we are going to imply 9.3%
So in this case for Amazon with almost 80% accuracy the next top and bottom are going to be:
TOP 2471
BOT 2050
----------------------------------------------------------------------------------------------
Google
Current volatility expected for the next week is going to be around 6.01%, however we are going to imply 7.51%
So in this case for Google with almost 90% accuracy the next top and bottom are going to be:
TOP 2495
BOT 2145
----------------------------------------------------------------------------------------------
Russel 2000/ IWM
Current volatility expected for the next week is going to be around 5.22%, however we are going to imply 6.51%
So in this case for Google with almost 95% accuracy the next top and bottom are going to be:
TOP 189.6
BOT 166.44
----------------------------------------------------------------------------------------------
IBM
Current volatility expected for the next week is going to be around 4.29%, however we are going to imply 4.29%
So in this case for IBM with almost 85% accuracy the next top and bottom are going to be:
TOP 139.3
BOT 127.87
----------------------------------------------------------------------------------------------
BITCOIN
Current volatility expected for the next week is going to be around 13.82%, however we are going to imply 15%
So in this case for BITCOIN with almost 95% accuracy the next top and bottom are going to be:
TOP 34450
BOT 25500
----------------------------------------------------------------------------------------------
GOLD
Current volatility expected for the next week is going to be around 2.17%, however we are going to imply 3.25%
So in this case for GOLD with almost 80% accuracy the next top and bottom are going to be:
TOP 1870
BOT 1750
----------------------------------------------------------------------------------------------
EURUSD
Current volatility expected for the next week is going to be around 1.6%, however we are going to imply 1.89%
So in this case for EURUSD with almost 80% accuracy the next top and bottom are going to be:
TOP 1.061
BOT 1.021