SPY & QQQ Market Update | Support & Resistance Guide- SPY 1h &4h Equilibrium likely breaking in the next 2 days
- QQQ rising wedge getting really close to end of its pattern, continues to trade its the upper resistance of the rising wedge
- Retail Earnings Week
- Core retail sales data tomorrow 8:30am EST
Microsoft (MSFT)
Few Names holding up the Entire Market | Who's left to Buy? - NASDAQ:QQQ SKILLING:NASDAQ rising wedge continues to be in play
- NASDAQ:NVDA rising wedge looking to break soon
- AMEX:SPY still relatively weak
- volumes still low
- over 180 stocks hit 52 week low today while market was green breath is bad
MSFT Swing Short updateWe have hit our entry perfectly and have started to move down. Since we have already moved 2% Its good enough for moving stop loss slightly lower, but I would keep it above the recent high atleast couple of point higher.
Once we breach the while horizontal line and stay under it for a day or two I will move the Stop loss to breakeven after taking small tp and let the rest ride.
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MSFT Swing ShortWe have several bear divs on RSI. The whole move up from 274 to current high will be reversed as it happened on Decelerating volume. We have also tapped the PRZ of butterfly after filling the Gap at 312.
The PRZ of the butterfly has a large zone of reversal, that's why SL is slightly large for this move. Based on your risk appetite, you can either wait for a better entry or size your positions as per the SL , but we are at proper place to look for selling/Shorting opportunities here.
If you like my content then please boost and share this post. I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned. If you would like to learn from my experience then follow me on trading view to get notified on my trade, market projections and several upcoming technical analysis and in-depth tutorials on technical Indicators. You can also leave a comment and let me know if you want me to look at any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it.
Keep learning and Happy trading All.
Bullish Cypher C leg Short on Apple Target near $100Looking at the 3month chart of Apple. I see $180 max target followed by a massive C leg short of the bullish cypher pattern. The Apex of the triangle is around $140.00, This also likely signals the USA Economy True Recession (Reset), Dare I say Peak IPHONES... The D leg bounce of the bullish cypher (near 100) back to the B leg or the Apex near 140, if it rejects we fall to $56.00.
This is just a forecast, feel free to challenge me on this. Post a Chart, don't tell me what you're thinking.
MSFT Daily and hourly levelsMSFT daily and hourly levels I am watching to trade options with.
Nice flag/flat top break of that 307.8 during Friday's session. Pushed all the way up to 312 where is found some resistance. I am looking for a pullback to 307.85-308.56 zone to turn previous resistance into support and bounce higher. If we break under, we can test lows of this range around 304-305
NVDA AAPL AMZN GOOGL MSFT VIX QQQ Support & Resistance Guide- NVDA MSFT AAPL all near its key resistance levels
- VIX likely setting a daily higher low and may bounce from here due to it being in historic lows
- VIX is inverse of the market
- CPI Data Wednesday May 10th 5:30am PST
- PPI Data May 11th 5:30am PST
AAPL Key Resistance Levels | QQQ & SPY Analysis | CPI May 10th- AAPL in sell zone now lots of resistance above it.
- a little bit of a red flag was the huge move off the open and then complete sideways throughout the entire day
- QQQ double top at its recent highs
- SPY double top at FOMC reactions high
- CPI data May 10th 5:30am PST
- MSFT confirmed bull flag
MSFT - Getting close to major resistance.NASDAQ:MSFT is up 19% over the last month and is now coming to some major resistance.
We have the Double 1.618% levels from the previous 2 highs plus the 61.8% level from the ATH.
The measured ABCD is up just above 300 which is also a major FIB number 3.
We have just gone past equal tops in time.
If its similar to the last retracement then we should be looking at a move back to 250-270.
Big week ahead with a major turn point coming on Tuesday.
Enjoy the week.
MSFT - Broken Ceiling Falling Channel- MSFT has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- MSFT has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- In case of a negative reaction, the stock has support at approximately 277.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
What's going on $VIX?What in the world is going with TVC:VIX ?
Was short term bearish, was right (not posted here, sorry, see our profile)
However, we made case for longer term scenario
NASDAQ:MSFT NASDAQ:AAPL & others have PE 30+, crazy
BUT #StockMarket = IRRATIONAL
SP:SPX really looks like top retest is in play
May is 4th best month over last 20 years
Aprils IS the best month coming in @ 2.5%, & looking to close there again. Over 80% win in last 20 years!
#stocks
NASDAQ - Expecting a deeper pullbackHi there, traders!
After yesterday’s drop, the U.S. stock market got a breather on Tuesday evening as Big Tech earnings began to roll out, led by better than expected reports for Google and Microsoft.
Looking at things from a technical perspective, we do anticipate the price to continue dropping today due to some key trends on the Daily and 4H timeframes. If we see a consolidation underneath the 4H trendline, it’s likely that the price will continue to drop.
Remember, today is an important day for earnings reports, with Boeing reporting before the opening bell, and Meta and eBay set to report after the market closes. These reports have the potential to move the market, so keep an eye out!
We’ll be keeping a close watch on everything and will update you in the section below if anything changes. And as always, trade with care and let us know if you have any questions or concerns!
$SPY pre-market Resistance Rejection | $QQQ megaphone | $META ER- AMEX:SPY rejected from its pre-market highs and couldn't get over it then bears took over.
- NASDAQ:QQQ forming another megaphone pattern on 4h time frame
- NASDAQ:META Beat bullish earnings reaction
- NASDAQ:GOOGL fades all of its earnings gains and went red NASDAQ:MSFT held its gains.
- NASDAQ:AMZN earnings report tomorrow AH
$MSFT Analysis, Key Levels & TargetsNASDAQ:MSFT Analysis, Key Levels & Targets
I like MSFT… It’s just that I’m a bear at these levels…
I opened a put position… Aug 18th 300…. @ 17.53
And I’m looking for about 260-265 to take profit….
I have short put orders out also to hedge up on the dips….
So let’s see what happens… August 18th is 114 days out… and I’ll roll out and up if I have to….
I will keep this idea updated below… in the past I haven’t had a good system to update my ideas because I do so many trades in a day and it’s not always easy… but I think I figured out a way…. 💃🏻