NQ hit 1.618 off the highs and 61.8 retracement off the lows. Must hold here and propel to 11800+ Moment of truth
Just 24 hours ago, we turned again bearish on the Nasdaq 100 index, which was quickly followed by a selloff of more than 3%. We also set price targets for NQ1! at 11 500 USD and 11 000 USD. We maintain those price targets as we remain bearish on the U.S. economy. That is because we think more rate hikes and economic tightening will drag the stock market to new...
MFI still oversold, RSI is not there yet. Expecting some whipsaw to end the week, overlay is just an idea, I doubt it tracks it perfectly since that dip was the SNAP tank last time.
NQ is setting up a fake breakdown imo and should be stopped at 11530 zone, 11500 is a must hold for today for any bullish setup going into the EOM Im expecting a good size rally starting today or tomorrow am, so a long setup from a bit lower is something what Im looking for
Disco Distro, over and over. It's ST in need of a bounce pounce at Bouncy House. 3xQs have support at 276 and 274.6. T3XQ's... ouch again. 11689 remains Resistance for Globex. Bulls hanging with MACD, the laggard. Gaps below, close. Maybe buy Russian Gold... Terrible Look overall needs a squeeze... Who buys Junk Co, Wall Street to engage the Slomo, Momo,...
On 21st June 2022, we abandoned our short-term bearish bias on the Nasdaq 100 index. Since then, the index has grown approximately 8%. However, we are again slowly turning bearish on the index as we think the current pricing starts to be attractive for short trade (re)entry. Despite that, we remain cautious and abstain from setting a price target for NQ1!. We will...
11901 to 12300 is the Implied, broader Range. The Range has been contracting. ______________________________________ Trade Safe, Good Luck. Expecting a pullback to support early NYSE.
Tech continues to be sold on every CT on the Micro TF. Yesterday - Healthcare, Energy, and Utilities were Bid. The remaining Sectors saw outflows towards X-HEU's. _____________________________________________________ SSO's for APPL TSLA AMZN NVDA META NIO AMD MSFT were heavily bod for Calls. The underlying Gamma Squeeze has 4 Days to perform. NQ, on...
I expect the price to rise due to the clear decrease in the sellers in the MACD indicator
As the IV begins to reel back into Month End, looking to begin scaling Puts for TQQQ. No rush, Bids in below. Patience. Trade Em Safe.
Bravo TV, off again by over a Trillion, no mention of the Junk Co sitting on Primaries @ $50 they cannot unload. FED MBS is $2.7 Trillion. Commercial Banks hold $3.13 Trillion in MBS. Get it together. ____________________________________________ NO BID is the current arrangement, 30 Year Mortgages up from 3 to 6%. The Fed's average Maturity is 7.1 Years,...
Must be a bottom. The largest drawdown in history. Yeah, bullish for certain. Bonds losing their collective Sh_t. Bullish. Money Heaven for the 711 WeBull, CoinBase, and Hoodies got plugged. Ma n' Pa - plugged. Apes... defeated, WSW aka Wall Street Wins is the new Reddit hashtag.
Give us the TOSS, please. We want to SELL this Junk Co. NQ performing like one of those captive Orca. Eating Training Wheel Trainers. It's post Solstice, the seasonals are weaker than Wet Napkins @ Taco Bell, but the DG's want to join the Chase. Although they remain non-plussed so far. Beaten with the Ugly Stick time after time will instill Fear. A couple...
SPX 500 - It's hard to say what's going to happen today after open. There are some signs of a bull trap but also some signs that a continued rally for Friday and into next week will commence. I can't really tell, so I give evidence for both. Good luck
Same cheeseball pattern, Algo ramp during low participation. Bottom Callers returned to YouTube one by one... oops. Powell's message isn't going to help, but the BOTs may make another at having him appear to be doing a "Good Job" by running Junk & Co higher after a Macro Dump last night. Housing is the new concern... and its quite large, rents are now projected...
Today, the Nasdaq 100 index erased its gains from the preceding day, hitting all our previous price targets for NQ1! and QQQ. Therefore, we would like to update our thoughts on the index. We remain bearish due to fundamental factors pointing to a strong recession. However, technical factors also support this pessimistic thesis. Due to that, we would like to set a...
The Riggers are teeing up the next Monthly pivot around July 15th. It should provide some great range. We expanded to 700 only to concede to 350 for Quad Squid. The VIX has a few lower gap fills in the 29s. __________________________________________________________ Oil needs to complete the Pullback to 104/105. TNX hopefully gets another BT of 3.220 and...
Tech is just facked. Whether or not it front runs Q2, is frankly silly. Apple isn't making Phones, Tesla isn't making anything but TeslaBots. Eron is reaping the winds of Political missteps. Couldn't have happened to a greasier Degenerate - #EronTurd. Doge Daddy, Pimp my Ride, Space Sex, Boring... The dude can't find love no mas. A Disgraced...