part 2 of QQQ/SPY Commodities & 7 Mega Tech Stockspart 2 of QQQ/SPY Commodities & 7 Mega Tech Stocks
NVDA
part 1 of QQQ/SPY Commodities & 7 Mega Tech Stockspart 1 of QQQ/SPY Commodities & 7 Mega Tech Stocks
Pt 2 | QQQ SPY & 7 Mega Cap Tech & Natural Gas Analysis no signs of hourly trend changes for the bulls on many tech stocks so still no signs of bottom yet.
Pt 1 | QQQ SPY & 7 Mega Cap Tech & Natural Gas Analysis no signs of hourly trend changes for the bulls on many tech stocks so still no signs of bottom yet.
Nvidia -> Is This The Top Formation?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
Looking at the monthly timeframe you can see that after Nvidia retested previous support and the 0.786 fibonacci retracement at the $110 level, there was a solid rally towards the upside.
Looking at the weekly timeframe you can see that Nvidia is still a little bit overextended and we could certainly see a weekly retest of the 0.382 fibonacci level which is perfectly lining up with previous structure.
After Nvidia broke down of the rising channel a couple of days ago there was not a lot of bearish follow-through and also daily market structure is not bearish yet - I am simply waiting for a better situation on Nvidia to then look for a new trading opportunity.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Natural Gas and Stock market 7 Mega Cap Stock AnalysisQQQ daily downtrend confirmed
SPY hasnt
SMH weaker today compare to QQQ
Natural Gas & SPY QQQ & 7 MEGA Cap Tech Stocks Analysisinside bar for stock market thursday low and high is key for me which way we break
7 MEGA Cap Tech & QQQ SPY Analysis- GOOGL MSFT ER Tuesday AH
- META ER Wednesday AH
- Many Big names starting to weaken
QQQ SP500 7 Mega Cap Weekly time Frame Analysislots of weekly reversal patterns forming on these big names
Pt 2 of 7 Mega Cap Tech stocks | QQQ SPY Analysis- GOOGL MSFT ER Tuesday AH
- META ER Wednesday AH
lots of big techs shaping up enough room from its drop to shape up a daily downtrend now we will see how earnings come in to see if it shapes up.
Pt 1 of 7 Mega Cap Tech stocks | QQQ SPY Analysis- GOOGL MSFT ER Tuesday AH
- META ER Wednesday AH
lots of big techs shaping up enough room from its drop to shape up a daily downtrend now we will see how earnings come in to see if it shapes up.
Part 2 of 7 Mega cap Tech stocks | QQQ Sp500 AnalysisHourly downtrends confirm on all mega cap tech and QQQ/ SPY
will see if bears are serious about confirming daily and 4h downtrend in the next couple trading days.
Part 1 of 7 Mega cap Tech stocks | QQQ Sp500 AnalysisHourly downtrends confirm on all mega cap tech and QQQ/ SPY
will see if bears are serious about confirming daily and 4h downtrend in the next couple trading days.
Is it Time to HEDGE? QQQ Sp500, 7 Mega Tech Analysis- Even though we are quite extended on QQQ, bears still have no confirmed a hourly downtrend in the last 7 trading days that will be the first thing I will be looking for.
- As of now continue to follow the trends
Part 2 of All 7 Mega TECH stocks | QQQ Sp500 TREND GUIDE- I cant stress enough to follow the trend on these stocks, there will be a time to short when we see daily downtrend confirming
- FIRST STEP for bears is we need a hourly downtrend for anything to really happen
- As of now all mega tech are still healthy
Part 1 of All 7 Mega TECH stocks | QQQ Sp500 TREND GUIDE- I cant stress enough to follow the trend on these stocks, there will be a time to short when we see daily downtrend confirming
- FIRST STEP for bears is we need a hourly downtrend for anything to really happen
- As of now all mega tech are still healthy
Part 1 of 7 Mega Cap Tech | QQQ Sp500 & My YINN playsAs long as we have mega cap techs holding sideways and rest of the market breath catching up it is good for the bulls and we may continue to see grind up from the market overall.
- Very first step i want to see from the bears is an hourly downtrend for me to even pay attention to a short swing.
- entered YINN for lagger bull play.
QQQ Bulls continue to buy the dip, Price Trend Guide- QQQ still above 12 ema
- Breath increasing in the market
- money continue to rotate around good sign for bulls
- no signs of real bear action at the moment
- CPI data tomorrow
Nvidia -> Slowing Down And Now?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
Looking at the monthly timeframe you can see that after Nvidia retested previous support and the 0.786 fibonacci retracement at the $110 level, there was a solid rally towards the upside.
Also on the weekly timeframe you can see that we had a juicy inverted head and shoulders reversal pattern and I pointed out all the reasons why I do expect the upcoming pump of roughly 120% towards the upside.
Looking at the daily timeframe now you can see that Nvidia is a little bit overextended is also slowing down with momentum so there might be the possibility that we will see a short term correction after Nvidia actually breaks the current uptrend line.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Part 1of 7 Mega Tech Stocks AnalysisAlthough QQQ closed flat today, lots of mega cap tech stocks formed daily downtrends, such as AMZN GOOGL AAPL, so we have to be open to QQQ having a slightly more pullback in the next coming days but breath in the market is really good today so its a good sign for the bulls as money rotates around.
Part 2 of 7 Mega Tech Stocks AnalysisAlthough QQQ closed flat today, lots of mega cap tech stocks formed daily downtrends, such as AMZN GOOGL AAPL, so we have to be open to QQQ having a slightly more pullback in the next coming days but breath in the market is really good today so its a good sign for the bulls as money rotates around.
