US30Manually closed as this is going to be interesting but I'm watching for the close of the next two candles to determine what my next move should be.
Leverage
trend changing in vixUVXY is demonstrating higher lows and higher highs. the current pullback is likely a bounce in SPX, but if that fades we should see new low in indices with a new daily high vix keeping UVXY trending up. if were stronger in indices overnight and tuesday we should form a lower high and roll over UVXY. upper or lower horizontals are price targets, and dashed line is pivot. bottom or top of envelope are areas to close. over all the trend in vix remains bull until we breech new lows in uvxy, setting a lower high and demonstrating bear momentum.
BITCOIN! How low can it go? Well this last pattern wasn't holding up. The MACD on the 3 minute chart was collapsing heaving through most of that triangle formation. So it's like Bitcoin has a bad case of the shits right now. These 15-12-10K prices are looking more and more likely here. We are so deep in a bear market right now its not funny for Bitcoin. Funny for short traders like you and me though.
Don't catch that knife friends. 👍
TSLL 1.5 Leverage TSLA PLAY LONGNASDAQ:TSLL
TSLL has risen 16% above a double bottom this week. Minor Resistance will be support
once broken. Rising Relative Strength on the RSI shows no divergence.
Inflow volume is consistent with the price action.
I see this as a cheap play on the TSLA uptrend with multiple shares able to
scale in and take partials on the way out. TSLA is in a cup and handle approaching
a bullish breakout.
EOS PUMP!🚀🚀The ascending wedge has already made a pump and its going for it again, cuz normally after a pump it will dump a bit and pump back to it's high before a huge dump. You can follow this trade setup and make some profits🚀🚀💸. I will only enter if it closes close to my entry level and above the wedge : ) .
i like semiconductors correcting from oversoldsome meaningful bounce is taking place in big tech at least intraday, andsemiconductors as a lead bear are taking part. SOXL is trapped under yeasterdaysgap up, and todays gap up. ive marked outlong short pivot and drawn a bull and vear scenario. there is no bias, but i am long semiconductors when price is so low, at least intraday.
rangebound trading cant last bear flag or breakoutprice action daily nasdaq is ranging around the lows with the bounce not escaping vertical gravity, and the candlestick pattern forming either a bear flag or a bullish reversal. if we cross above pivot im looking at upper horizontals as resistance, and if we cross below it im looking at lower horizontals as support.
short at key resistance levelsthis ramge will continue to tighten, and we will likely get a bear break. above pivot target upper horizontals below pivot aim for lower horizontals. semiconductors have been a major focal point of this bear market, and they will be a big recovery story when we exit it.
looks like gap down and bounce could go both wayswere off the lows for the session in the nasdaq, nq1!, and ndx, and creating a slightly higher low than yesterday. we have retested sss moving average, and nearly crossed signal to the upside. if we fall beneath pivot i would look toward sss supply area, and lower horizontals. if we stay above pivot and TRAMA i would look for upper horizontals.
Near Long Counter Trend Fast TradeI am longing NEARUSDT using 5x leverage. Looks like a promising trade. Wait for entry and set a stop loss because this is a counter trend trade but risk reward is really good. If it is missed so be it. DO NOT CHASE IT! Invalid after time is out or SL is hit.
Not Financial Advise/ Just a trade possibility.
LABU 3X Leverage BIOTECHNOLOGY a potential Recession playLABU a 3x leveraged EFT in the biotechnology sector has diverse holdings.
My thesis is that biotechnology and healthcare are relatively unhinged from the broader general market.
Here I chart LABU / QQQ ratio to determine relative strength.
On this weekly chart, the ratio and so relative strength are at more than a 52 week low.
The MACD indicator shows the MACD and signal line ascending and below the histogram.;
moreover the MACD in green is running above the signal line. This favors a trend reversal.
All in all, this seems to be a setup for a long swing trade or investment.
I will take a trade in a call option with a strike 50% higher than current price
as I see a potential for a large percentage gain for LABU. The diversity of the ETF
will serve to mitigate some of the risk. A stop loss will be 1% below current price
with an expectation of more than a 50 % return in the remainder of the calendar
year but far more in the case of the call option scenario