Nasd
$QQQ Analysis, Key Levels, and Targets$QQQ Analysis, Key Levels, and Targets
REQUEST - here you are @lonehorse
QQQ has a very similar story to SPY… It’s trading above the cloud on the 4 hour (though it peaked up briefly at the beginning of the month - but there was a little bit more conviction today and some follow through from yesterday). It did not fill the entire bear gap, it was left open a little bit so if QQQ opens below this then it will become a resistance. If it opens above the gap then it’s getting into the cloud which often means a bit of sideways trading… Next resistance above that is the 200MA on the 4hr which conveniently coincides with the top of the cloud…
Both MacD and RSI point to a move higher in the next few days/weeks… I would just be mindful of the resistance levels… and the supports… And the weekly technicals are all showing a nice curl up which might give some momentum upward….
If that 300 psychological resistance breaks I could maybe see a run to 313ish… just remember that moves within the cloud can be sluggish and it tends to kill volume, which can be good or bad depending on what you’re trying to do…
The 200MA weekly has been a very very very strong support across the ENTIRE bull market… for now, that is MAX pain if it does go down… but I’m seeing a lot of bullish technicals so short term I think we see that move above the gap and towards the top of the cloud…
It looks like chaotic territory just in time for earnings season… I'd like to add that IF we see companies trading within their expected ranges... that in and of itself would be a bullish signal, I would think... because if we can see earnings not completely shaking the markets, like it has for the past year, even before the market turned in january... that would be a clear signal for me to go more heavily long
Best of luck… 💃🏻 (sorry that was so rambly... I just type without a filter LOL)
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
Change Healthcare Inc #CHNG long position target 16$NASDAQ:CHNG
Change Healthcare Inc #CHNG long position target 16$
Barrett Business Services #BBSI long target 72$
Ticker BBSI Barrett Business Services, Inc. USA, Staffing & Employment Services
Market Cap 381.26M
EPS (ttm) 6.11
P/E 8.30 EPS this Y 26.00 % Forward P/E 9.86 EPS next Y 55.29 %
PEG 0.55 EPS past 5Y 30.30 % P/S 0.40 EPS next 5Y 15.00 % P/B 2.36 EPS Q/Q -45.90 %
Dividend 2.37% Sales Q/Q 0.40%
Insider Own 3.20% Inst Own 81.00%
Insider Trans -8.40% Inst Trans -1.46%
Short Float 1.33% Earnings May 06/a
Avg Volume 70.08K
52W Range 27.25 - 95.64
IXIC update for 25 September 2019Daily Data Summary Suggests:
Current Daily Trend is Bullish
The anticipated upcoming trade range is between 8019.77 - 8135.03
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Neutral Bear
The strength demonstrated over the last 5 days is currently: Bearish
Price Consolidation has re-established itself between: 7935.6 - 8158.8
Current chart score suggests a Bearish Market is present.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
IXIC update for 24 September 2019Daily Data Summary Suggests:
Current Daily Trend is Bear
The anticipated upcoming trade range is between 7938.97 - 8048.22
If IXIC is capable of maintaining the current strength as of today, there is a projected daily target price of 7876.73
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Neutral Bear
The strength demonstrated over the last 5 days is currently: Bearish
Prices have broken through the consolidation low
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests a Bearish Market is present.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
IXIC Update for week ending 30 August 2019Week update for week ending 30 August 2019
In Bull territory.
Projected range for upcoming week 8127.94 - 7813.34
Price Projection:
HMA: Neutral Bull
Bull RSI: Neutral
Bear RSI: Neutral
BSI: Neutral Bull
5 RSI: Positive
Consolidation: In Consolidation between 7662.9 - 8325.3
Price-Trend: .3x ATR
Daily for 30 August 2019
In Bull territory.
Price Projection:
HMA: Neutral Bull
Bull RSI: Neutral
Bear RSI: Neutral
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 7730.8 - 8017.9
Price-Trend: .2x ATR
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
IXIC Update for 29 August 2019Daily for 29 August 2019
In Bull territory.
Price Projection: 8000.69 - 8051.02
HMA: Neutral Bull
Bull RSI: Neutral
Bear RSI: Neutral
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 7730.8 - 8005.3
Price-Trend: .3x ATR
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
IXIC Update for week ending 23 August 2019Week update for week ending 23 August 2019
In Bear territory.
Projected range for upcoming week 7913 - 7604
Price Projection:
HMA: Neutral Bear
Bull RSI: Neutral
Bear RSI: Neutral
BSI: Bullish"
5 RSI: Negative
Consolidation: In Consolidation between 7662 - 8325
Price-Trend: .6x ATR
Daily for 23 August 2019
In Bear territory.
Price Projection: 7555 - 7237
HMA: Neutral Bear
Bull RSI: Neutral
Bear RSI: Bearish
BSI: Bearish
5 RSI: Negative
Consolidation: Broken to the low
Price-Trend: 1.8x ATR
Spent the week neutral. The Weekly is still holding on to that neutrality within the consolidation range. Current strength is demonstrating a push through the floor toward a pocket of 7555 - 7237. Generally this pocket is formed due to the neutrality and can tighten if strength continues.
IXIC Update Week ending 16 August 2019Week Ending 16 August 2019
The week is neutral bullish, the daily is bearish.
Projected range for upcoming week: 7753 - 8053
Weekly Data.
In Bull Territory.
Price Projection: Daily Only
HMA: Neutral Bull
BSI: Bullish
Bull RSI: Neutral
Bear RSI: Neutral
5 RSI: Negative
Consolidation: 7662 - 8325
Price-Trend: .1x ATR
Daily Data for Wednesday 16 August 2019
In Bear Territory
Price Projection: 7946
HMA: Strong Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation: 7716 - 7907
Price- Trend: .7x ATR
IXIC Update 14 August 2019Daily Data for Wednesday 14 August 2019
In Bear Territory
Price Projection: 7587
HMA: Very Strong Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation:Broken to the low side
Price- Trend: 2.1x ATR
Prices are now 2.1x ATR away from the mean. Expect some mean reversion (return toward the MAs) before any further movement.
Attached yahoo finance article regarding the futures position for the 15 August 2019. This is an example of set-up for a reversion to the mean. We may start there and fall or we may start low and move high. What ever the case may be. Prices don't like being 3x or more away from the mean.
IXIC Update 13 August 2019Daily Data for Wednesday 13 August 2019
In Bear Territory
Price Projection: 8104
HMA: Bear/Cover Short
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Neutral
5 RSI: Positive
Consolidation: 8065 - 7833 (re-established)
Price- Trend: .1x ATR
The prices closed in a zone of indecisiveness - this generally suggests covering shorts as it waits for renewed strength to build.
In this area, while in consolidation, no more triggers will be acknowledged until the consolidation is broken.
The consolidation zone is very tight for this index. SO we will not have to wait long as the ATR (Average Trade Range) is ~109/day.
IXIC Update week ending 9 August 2019Week Ending 9 August 2019
The week is neutral, the daily is bearish.
Weekly Data.
In Bull Territory.
Price Projection: 7550
HMA: Cover/Bull
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Neutral
5 RSI: Negative
Consolidation: 8325 - 7662
Price-Trend: .3x ATR
Daily Data for Wednesday 9 August 2019
In Bear Territory
Price Projection: 7428
HMA: Strong Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation: 8041 - 7896
Price- Trend: 1x ATR
Projected range for upcoming week: 7735 - 8111
IXIC Update week ending 2 August 2019Week Ending 2 August 2019
Weekly Data.
In Bull Territory.
Price Projection: 7765
HMA: Cover the longs
BSI: Positive but declining
Bull RSI: Bullish but declining
Bear RSI: Neutral
5 RSI: Negative
Consolidation: Broken to the low side.
Daily Data for Friday 2 August 2019
In Bear Territory
Price Projection: 7425
HMA: Bearish
BSI: Bearish
Bull RSI: Neutral
Bear RSI: In Bear Territory
5 RSI: Negative
Consolidation: None
Projected range for upcoming week: 7869 - 8153
Strength for the coming weekThe weekly consolidation range was broken Friday.
Like the other indexes, we may see a return to the this consolidation range in the coming week.
Projections from the daily chart that are still available: 8194 - 8211.
Expecting the trade range next week to be 8055 - 8306.24