SPY/QQQ Plan Your Trade July 3 ReviewThank you for all the great comments and suggestions. I love the fact that I'm helping so many traders find success with my research.
This video is really a recap of this week while we head into the 4th of July holiday and Friday's big Momentum Rally day.
Please take some time to review the other videos I have posted on TradingView to learn better techniques and refine your skills. You'll see me use these techniques over and over again on my charts.
Have a safe and fun 4th. We'll go get some more profits on Friday and into next week.
IWM
SPY/QQQ Plan Your Trade For July 3 - Early ConsolidationGood morning,
This continued video series highlights my SPY Cycle Patterns and attempts to teach you how to read these patterns and the price charts to plan your trades throughout the day.
Remember, I'm only looking for the best opportunities for trading profits. I plan to avoid any CHOP or sideways price action as it is not my style to scalp in and out of trades every 10 minutes.
I expect the upward price trend to continue, but it will happen later in the trading day (after Noon ET).
I expect the SPY/QQQ to consolidate in the early portion of the trading day - moving sideways and possibly pulling downward after yesterday's strong rally.
I believe that the price must attempt to consolidate into the channels related to momentum; then, the price may try to resume another momentum move higher.
So, I'm going to be patiently waiting out the first 2.5 hours of the trading day, looking for opportunities to buy into lower prices near 11-12 Noon ET, and expecting the markets to move into a momentum trend higher.
What I do may be different from what you decide to do as a trader. I'm just trying to help you see and plan for opportunities throughout the day.
Remember, Friday should be a very large price range day with a Momentum Rally pattern. It is not uncommon for that pattern's momentum to bleed into the end of today's trading day.
It should be a good day for traders.
Get some.
TSLA To The Moon?Tesla has had an amazinf rally in recent sessions.
We are now into major resistance. Hitting the weekly 200 MA
Hitting major downsloping trendline.
If we break this trendline a major bullish pattern is on watch. A weekly inverse head and shoulder pattern that could yield a 100% return.
If we reject here, a major bear pattern could take hold.
This level is so fascinating as it hinges on a major business milestone approaching in August.
The ROBOTAXI could be a game changer! Buy the rumour sell the news?
SPY/QQQ Plan Your Trade Review & Pre 4th ExpectationsThank you for all your comments, likes, and Boosts recently.
It's lovely to see my research helping so many traders.
I know some of you have recently been caught on the wrong side of market trends—this happens to the best of us. I've learned to wait out market activity I don't like and try to trade the bigger price swings, like the RALLY patterns yesterday and today.
You can't try to stand in front of the markets and force them to move in the direction you want. You have to stand back and catch moves that are opportunistic and present clear success opportunities.
This video reviews the past 8+ trading days, my SPY Cycle Pattern predictions, and what will likely happen over the next 7+ trading days.
In short, I expect the markets to slide into the July 4th holiday with a moderate melt-up trend and then move into a strong short squeeze on Friday (7/5).
This leads us to next week (8-12), where we'll get early Q2:2024 earnings data. I believe next week will continue the upward price trend - pushing the SPY above $560+.
The following week (15-19) is exciting. There is a very real potential for a moderately strong price correction on Wednesday/Thursday of this week, which could be a huge opportunity for skilled traders.
So, thank you again for commenting, liking, and Boosting these videos. I'll probably keep them going for a few weeks to help more traders.
Remember - focus on the facts/data and avoid the emotional side of trading. The markets always want to take your money. Find out how to wait for the markets to give you profit opportunities.
Plan Your Trade July 2 - The Big Rally Day Is Here.This continued series highlighting my SPY Cycle Patterns continues this week.
Today, the Rally pattern is in Trend mode. This usually suggests a powerful potential for a moderately large upward price bar on the SPY chart.
Although, this morning, we are seeing a moderately high pre-market price below yesterday's closing price. Does this negate the Rally pattern?
Nope. The pattern is fixed. It will either become successful or fail.
Remember, these SPY Cycle Patterns have a (roughly) 70% to 80% success rate. Thus, we can rely on them for guidance, but we must always prepare for potential failure (just like when making trading decisions).
I'm sticking to the SPY Cycle Patterns today. I'm not worried about the deep, lower opening price right now. However, this profoundly lower pre-market price could prompt a substantial"wash-out" event for the shorts when the market shifts to the regular session.
It seems that today is going to be a "make or break" day. Watch this video to see how I will play today's price action.
Go get some.
Innovation, Robots, Tech, Applied Tech Will SkyrocketI thought I would share some of my research for everyone to review.
Most of my work involves deep analysis of the markets related to shifting capital function, core fundamental dynamics, and future opportunities.
If you are following my SPY Cycle Patterns videos (the Plan Your Trade videos) - you already know how powerful my predictive models are.
Now, I'm sharing with you my belief that ignored, undervalued, and overlooked stocks/sectors are about to explode - and there are hundreds of symbols available for you to consider related to this move.
One of the most significant moves in 2025 and beyond will be the resurgence of innovation, robotics, technology, and applied functions related to the current/past technology boom. This is the 1990s (again) - leading to the second growth phase in new applications related to improved AI/tech capabilities.
You can profit from it if you take steps to prepare for the next 24+ months right now. All you have to do is watch this video, learn why I believe these will be some of the biggest movers over the next 24+ months, and then make your own decisions about what to trade.
Follow my research. My goal is to make you a better trader.
Right now, and for the next 7+ years, the markets will be the greatest opportunity of your life.
SPY Launching To $600+ - Then $730+. Get Ready.Have you been following my research?
Do you remember when I called a major base/bottom on 12-28-2022?
Do you remember when I stated, "The capitulation bottom will surprise traders" on 3-20-23?
Do you remember when I called for a "Tech-Bump" rally on 3-25-23?
Do you remember when I updated that peak potential to $425 on 4-26-23?
Do you remember when I stated, "The capital shift intensifies" on 6-25-23?
Do you remember when I warned of a China Credit Event/Crisis happening in 2024 on 8-20-23?
Do you remember when I warned, "US Markets May Double By 2029-30" on 4-21-24?
Now, almost 15+ months after all of these updates/warnings/videos, I ask you to take a look at what's happened in the markets and prepare for the biggest opportunity of your life.
Yes, I see the US indexes (SPY, Nasdaq, Dow Jones, and possibly the Russell 2000) potentially doubling (or more) before 2030-31.
Yes, I see the SPY rallying to levels above $730 in 2025, then stalling into a WAVE-B correction.
Are you ready for something different - factual data reported honestly and with a proven track record? Not hype. Not doom-n-gloom (CRASH posters).
My research is designed to help guide you through the next 10+ years of your life - protecting your assets, learning to become a more skilled trader/investor, and learning to rely on proven technology/concepts.
Are you ready for what's next? Maybe you need to try something different?
$TLT Breaking Four Year Downtrend?Looks to me that NASDAQ:TLT may be finally breaking a downtrend (Interest Rates Reversing Lower?). It is too early to tell for sure but it is an interesting development.
This could be a double edge sword. Rates coming down may be good for stocks short term but longer term it may well mean the bond markets are starting to see a recession ahead. That would not be good for equities.
This is may develop into a trade. All TBD.
KRE: Regional Bank Collapse?Financials have been demonstrating some interesting price action. We believe financials in the near term could be in for some choppy negative price action.
With yields now sitting at support during the recent selloff, banks haven't done all that well.
Were now at a point in the inflation fight where we could experience an upside move in inflation.
We just witnessed today the Canadian CPI came in much hotter.
To make matters worse, were at a time when central banks like the ECB, BOC, PBOC, BOJ are all loosening policy.
However this very laxy=daisy policy is what caused Oil to bottom on June 4th.
Oil has since moved up 13% in 2.5 weeks.
This will likely cause yields to have upward pressure since its inflationary to the economy.
If the US CPI comes in hotter expect no 2024 rate cut...banks would hate that. Im eyeing the head and shoulders breakdown.
$BITO Bitcoin ETF – Cup with Handle Formation?AMEX:BITO is a in a massive Cup w/Handle Formation. I was just going through weekly charts in sector ETFs, and this just popped right out to me. I do not have much to say about this except that these types of formations often lead to upside breakouts. Having said that I have an alert set on the upper downtrend line. Should that trigger, I will go to a lower timeframe chart to look for a low-risk entry where I can define my risk. Hope this helps.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Plan Your Trade 6/24/24 - Prepare For Rolling Price ActionThis continued video series focused on my SPY Cycle Patterns teaches you how to plan for future price swings and bigger trending days.
Today, I expect the SPY to stay relatively muted in trend—possibly moving downward overall. The Up-Down-Up (countertrend) pattern suggests that the price will want to move downward today, perhaps setting up support near $541.50 to $542.50.
I don't expect anything big to happen today as today's pattern is followed by three days of an upward price trend. That upward trend is your opportunity for profits.
Tuesday, Wednesday, & Thursday look like a bigger opportunity for long trades than Monday or Friday.
Friday's CRUSH pattern suggests a fairly strong downward price trend. I would be cautious of taking long positions on Friday until possibly the last 60-120 min of the day (if we see a short squeeze setup).
Please use this information efficiently. I'm trying to show you how to use my SPY Cycle Patterns to plan your trading and find the best opportunities.
I will have more info tomorrow as I continue this video series.
$TSLA Range Bound Trade?NASDAQ:TSLA I took a trading position in this yesterday at $169.55. The idea was that once I saw price rejection after the low of 167.41, it is a reversal play. There is still a good deal of resistance around that blue horizontal line. My idea or thought is that this has been range bound for some time as such it very well could go to that resistance area around $179 which is about a 5% move from my entry. I plan on selling some into that area and then decide to hold or sale if does or does not climb over that area.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
$MASI Cup with Handle Formation?NASDAQ:MASI This one has been in a longer-term downtrend which broke out in March then failed. When looking at the weekly chart, it looks to me that this latest formation can be classified as a Cup w/Handle.
In addition to the Cup w/Handle formation it has come down, tested and bounced off the 40 Week MA (White line) which seems to have acted as support.
I had an alert on the higher downtrend line as a trigger for a breakout of the Cup w/ Handle formation. It triggered today so I have opened a ½ size position with a stop on a close below the 40 Week MA. Which is a 4% stop. Now I can only manage risk, but I will look to add on follow through. All TBD.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
$CSLR Turn Around PlayNASDAQ:CSLR I have been long this for about 2 weeks adding along the way. This is a complete turn around play as there is a new CEO, COO and management team appointed. They have managed to renegotiated debt structure, most for equity swaps.
This is one of my rare situations that I have not set a stop as this could be a wild ride. So far, on average I'm up over 50% on averages up shares. I will be looking to add on just about any pullback.
My idea your money, do the research to see if the risk meets your trading style.
$TSLA Right at Resistance.NASDAQ:TSLA I had an alert set on the Area of Resistance Line on this chart. It triggered this morning and I have taken a ½ size position in anticipation of that becoming support. I do not know if it will play out that way so I have a stop under the 50 DMA (red) which would a 4% position risk. Should it move up and over the resistance area I will look to add. All TBD.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Next Week's IWM, 21 Day Pivot Standard Deviation RangeLooks like the medium term bias is to the downside for small caps, as we see the weekly pivot (red solid line) fall below the monthly pivot (dark solid line) with AMEX:IWM closing below both.
Both deviation boxes represent two standard deviations above and below the a moving monthly pivot. We may see demand in the lower deviation range if we fall to start off the week.
A rally to start of the week will likely be met with resistance from our pivot points and a fresh downward move from the 21 day moving average.
Investors that want to take advantage of this medium term bias could short volatility in the short term (June/July) for IWM using AMEX:TZA but bet bigger on long volatility in the longer term (September/January2025).
Take any short term gains to the upside and hold onto your short thesis heading into the second half of the year, into 2025.
$BOTZ Robotics and A.I. ETF – Double Top or Shakeout?Looking at this weekly chart NASDAQ:BOTZ has made a series of higher highs and higher lows, the definition of an uptrend. It did, however, fail to make a higher high in the last few weeks. The question is, is this an indication of a double top and ready for more downside or is it just a shakeout waiting to resume the uptrend? I do not know the answer.
I do like that it has been pulling back on light volume (no rush for the doors) and it just finished a 3 Weeks-Tight pattern. (If you look at the chart these are automatically calculated by the charting tool I am using and are marked with a white bar.) Looking back, you can see not all 3 Weeks-Tight lead to an uptrend. However, most of them do, so that is an edge, not a guarantee.
I do not like shorting stocks, so I look for edges to go long. It seems to me that continuing the uptrend is the path of least resistance. I have set an alert at $31.02 which was Friday, May 31 high that went just over Thursday, May 30 high of 30.99. This is a weekly chart so you cannot see those candles, if you look you will see that Friday’s candle looks to be a price rejection to the downside.
Should my alert trigger, I will look to go long with a stop just under Friday’s low of 30.35. And as always situational awareness is important to any trade.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Short squeezes are happening!Discussing some potential short squeeze candidates.
Some of these names have already bolstered huge gains and looking to potentially squeeze higher if price action holds firm.
All of these names need to be monitored in the near term for opportunities.
Shorts get nervous when stocks are moving higher.
AI, SPWR, CHWY, WOOF