NVDA - Where is the TOP?NVDA once a darling this year, to be honest quickly turned into a villain buy sucking the all breadth of the market.
I normally don`t like log charts but when the name runs this fast, it is the only option. Run - bull flag run again, final target I see 160 with same expected move.
A decent upside, but let`s not forget NVDA is a 3T usd company. An upside of %30 or so will make it the 1st 4T usd company, will not join to this ride, just sharing where the top might be.
QQQ
SPY/QQQ Plan Your Trade For July 3 - Early ConsolidationGood morning,
This continued video series highlights my SPY Cycle Patterns and attempts to teach you how to read these patterns and the price charts to plan your trades throughout the day.
Remember, I'm only looking for the best opportunities for trading profits. I plan to avoid any CHOP or sideways price action as it is not my style to scalp in and out of trades every 10 minutes.
I expect the upward price trend to continue, but it will happen later in the trading day (after Noon ET).
I expect the SPY/QQQ to consolidate in the early portion of the trading day - moving sideways and possibly pulling downward after yesterday's strong rally.
I believe that the price must attempt to consolidate into the channels related to momentum; then, the price may try to resume another momentum move higher.
So, I'm going to be patiently waiting out the first 2.5 hours of the trading day, looking for opportunities to buy into lower prices near 11-12 Noon ET, and expecting the markets to move into a momentum trend higher.
What I do may be different from what you decide to do as a trader. I'm just trying to help you see and plan for opportunities throughout the day.
Remember, Friday should be a very large price range day with a Momentum Rally pattern. It is not uncommon for that pattern's momentum to bleed into the end of today's trading day.
It should be a good day for traders.
Get some.
TSLA To The Moon?Tesla has had an amazinf rally in recent sessions.
We are now into major resistance. Hitting the weekly 200 MA
Hitting major downsloping trendline.
If we break this trendline a major bullish pattern is on watch. A weekly inverse head and shoulder pattern that could yield a 100% return.
If we reject here, a major bear pattern could take hold.
This level is so fascinating as it hinges on a major business milestone approaching in August.
The ROBOTAXI could be a game changer! Buy the rumour sell the news?
SPY/QQQ Plan Your Trade Review & Pre 4th ExpectationsThank you for all your comments, likes, and Boosts recently.
It's lovely to see my research helping so many traders.
I know some of you have recently been caught on the wrong side of market trends—this happens to the best of us. I've learned to wait out market activity I don't like and try to trade the bigger price swings, like the RALLY patterns yesterday and today.
You can't try to stand in front of the markets and force them to move in the direction you want. You have to stand back and catch moves that are opportunistic and present clear success opportunities.
This video reviews the past 8+ trading days, my SPY Cycle Pattern predictions, and what will likely happen over the next 7+ trading days.
In short, I expect the markets to slide into the July 4th holiday with a moderate melt-up trend and then move into a strong short squeeze on Friday (7/5).
This leads us to next week (8-12), where we'll get early Q2:2024 earnings data. I believe next week will continue the upward price trend - pushing the SPY above $560+.
The following week (15-19) is exciting. There is a very real potential for a moderately strong price correction on Wednesday/Thursday of this week, which could be a huge opportunity for skilled traders.
So, thank you again for commenting, liking, and Boosting these videos. I'll probably keep them going for a few weeks to help more traders.
Remember - focus on the facts/data and avoid the emotional side of trading. The markets always want to take your money. Find out how to wait for the markets to give you profit opportunities.
2024-07-02 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
nasdaq e-mini futures
comment: What a bull day… Just straight up buying all the way up. Market did not touch the 15m ema once since 30mins before us open. Happy for everyone who were long since below 19970 and held. Still a lower high but given the strength of today, some follow through is expected.
current market cycle: Max bullishness & peak bubble territory. Literally the peakiest of the peaks. Mother of all bubbles. Will end over the next weeks. —unchanged
key levels: 19700 - 20100
bull case: Bulls want a measured move up from the strong buying today, which could bring this to 20600. Sounds insane but that’s what the chart is showing. First target for the bulls is till to make this a higher high again and for that they need to trade above 20273. If they do that, I don’t think this will be stopped until a much higher ath.
Invalidation is below 20100.
bear case: Not having much for the bears here. They just vanished today since US open. They need to do everything they can to keep this a lower high below 20273 or bulls will make a new ath. IF bears can reverse this, 20000 is the magnet we are oscillating around. I don’t have much fantasy how this market could do another meltup to be honest but price is truth and the chart is screaming “*explicit* your puts” and wants higher.
Invalidation is above 20273.
short term: Max bullish above 20273 for new ath but inner bear in me hopes this reverses again. I don’t have any open positions on this.
medium-long term: This climactic blow off top was the grand finale of this bull trend. Perfect break above multiple patterns which I expect is a bull trap and we will test the various support lines next before the new bear trend will unfold over the next 3-9 months.
current swing trade: None
trade of the day: just buy anywhere around the us open and hold. 15m ema was not touched once.
Thin AIR OEX I am now 33% long puts The sp 100 has reached into the fib relationship of a major top the sp 500 has Entered the min 5510 to 5531 RSI bearish setup I had hoped and the word is HOPED we print 5554 /5585 BUT cycles are running out and the Fang sector aka AAPL targets and msft in the lower end of super cycle targets .are being met . SOX has reach a perfect 1.618 and we saw the turn a second time . this shows the math is in control and that the fractals forming . Wavetimer I am now long march 485 qqq puts and spy 565 560 puts and RCL
Plan Your Trade 7-1-24 - Get Ready For A Rally.This continuation of my Plan Your Trade video series highlights the potential price rotation we'll see today with the big CRUSH pattern. Next week, I believe, will result in a substantial rally phase throughout the week of July 4th.
Today's counter-trend rally pattern will likely result in an early trading rotation, leading to an upward price trend that will build momentum throughout the week. Remember, we have a holiday on Thursday that may pause the rally a bit late Wednesday.
This new swing into a Rally-Rally-Rally phase with the SPY Cycle Patterns is fantastic for day traders and intraday swing trading.
Watch the video today and prepare for the big moves this week. Overall, nothing has changed. Price is rotating into a rally phase ahead of Q2:2024 earnings.
Learn how my SPY Cycle Patterns can help you plan and prepare for market direction and trends.
Do you know anyone who can accurately predict price setups/trends 2 to 4 weeks into the future? Well, you are watching me do it right now.
Let me know what you think in the comments.
Go make some money today.
$TLT Breaking Four Year Downtrend?Looks to me that NASDAQ:TLT may be finally breaking a downtrend (Interest Rates Reversing Lower?). It is too early to tell for sure but it is an interesting development.
This could be a double edge sword. Rates coming down may be good for stocks short term but longer term it may well mean the bond markets are starting to see a recession ahead. That would not be good for equities.
This is may develop into a trade. All TBD.
Plan Your Trade 6-28 - Today Is The Big CRUSH DayThis continuation of my Plan Your Trade video series highlights the potential price rotation we'll see today with the big CRUSH pattern. Next week, I believe, will result in a substantial rally phase throughout the week of July 4th.
Today's big CRUSH pattern will likely result in a fairly deep downward price move in early trading, followed by a period of basing/stalling before we may see a fairly strong rally phase/squeeze into the end of trading today.
These types of price swings are fantastic for day traders and intraday swing trading.
Watch the video today and prepare for next week. Overall, nothing has changed. Price is rotating into a rally phase ahead of Q2:2024 earnings.
Learn how my SPY Cycle Patterns can help you plan and prepare for market direction and trends.
Do you know anyone who can accurately predict price setups/trends 2 to 4 weeks into the future? Well, you are watching me do it right now.
Let me know what you think in the comments.
Go make some money today.
Plan Your Trade - 6-27-24 : SPY & QQQ ExpectationsThis continuation of my Plan Your Trade video series highlights the potential price rotation we'll see over the next two days, leading to what I believe will be a substantial rally phase throughout the week of July 4th.
The next two days will likely represent some huge price swings - first upward, then downward on Friday.
These types of price swings are fantastic for day traders and intraday swing trading.
Learn how my SPY Cycle Patterns can help you plan and prepare for market direction and trends.
Do you know anyone who can accurately predict price setups/trends 2 to 4 weeks into the future? Well, you are watching me do it right now.
Let me know what you think in the comments.
Go make some money today.
Nasdaq is gonna crash in the next two weeks! SAME PATTERN!CAUTION: AWESOME OPTIONS PLAYS AT THE END OF THE POST! NFA ;-)
Look at this weekly chart and don't tell me that this is a repeating fractal!? The same color trend lines are almost the same length to a T. The upper trend line channels are gonna be the same distance, which extrapolates this going south for a very long time. (check out my AMEX:SILJ thread to show the repeating fractal line up)
Now of course these lines aren't gonna be what happens, you can see there was some out of the ordinary channel reactions on the downtrend last time.
I personally think that Biden is gonna mess up the debate, then pardon his son and leave the presidency while Kamala will tap Hillary Clinton as VP (via Ford Agnew redux) and then pardon Biden for any crimes done in office or out of office.
The markets will melt down, the FED will cut rates, maybe by 250 basis points since they keep going larger with their reactions to contain the ponzi scheme.
I'd buy puts right now, 400 December Puts for 4.10, sell them for 5x for a nice Christmas/New Year's present.
OR you can go the supersize route and buy puts on TQQQ for 42$ for the $25 strike price (it'll go lower imo) for a 25x return, if the price goes down to $15, that's around a 4200% return!! NFA ;-)
Also this shows the road forward, via a Livermore Accumulation Pattern. So we go very UP for the long term.
QQQ: Key Levels and Potential Scenarios (D&W charts).Daily Chart:
On the daily chart, QQQ has recently hit an all-time high of 486.86, marking a significant resistance level. This milestone suggests a bullish momentum, but it's essential to watch how the price behaves around this level.
There's also a noticeable gap at 468.14, which often acts as a magnet for price action, serving either as support or resistance. Currently, the price is hovering around the 473.82 support level, which, if maintained, could signal continued bullish momentum.
Additionally, the 21-day EMA is another critical support level; staying above it would further validate the uptrend. Should the price break above the all-time high, we could see new peaks. Conversely, losing support at 473.82 might lead to a sharper pullback, potentially down to 460.58 or even 449.34.
Weekly Chart:
Looking at the weekly chart, a shooting star pattern has emerged, typically a bearish signal suggesting a potential reversal. This pattern indicates that despite reaching new highs, there was significant selling pressure, hinting at a possible decline.
The 21-week EMA, however, shows that the longer-term trend remains bullish as the price is still well above this level. If the price confirms the shooting star by dropping in the following weeks, it might signal a deeper correction.
Maintaining above the 21-week EMA would still suggest a strong underlying bullish trend, despite short-term bearish signals.
Conclusion:
In conclusion, while the QQQ shows strong bullish signals, indicated by new all-time highs and support levels on the daily chart, the shooting star pattern on the weekly chart warrants caution.
If the price holds above 473.82 and the 21-day EMA, the bullish trend is likely to continue with potential for new highs. However, if these supports fail, we might see a correction down to the gap at 468.14 or lower. Overall, monitoring these key levels will be crucial in determining whether the QQQ continues its upward trajectory or enters a period of correction.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Correction: Counter Trend Break Away Pattern on 6-26This is a correction video representing the Counter-Trend mode of today's BreakAway pattern.
I created the first video thinking this was a Trending pattern.
Counter-trend patterns tend to reflect a reversal of price direction related to the last 3~5 days price trend.
In this video, I go over how I view Counter-Trend patterns vs. Trend/Carryover patterns.
Look for initial weakness in price followed by what I believe will be a strong rally phase this afternoon.
Here we go...
Plan Your Trade 6-26 - SPY BreakAway PatternGood Morning.
This continued video series highlighting my Proprietary SPY Cycle Patterns is designed to help you understand how to prepare for, and trade expected market trends.
The SPY Cycle Patterns are predictive. They represent shapes/trends of future price bars on the SPY that can help traders understand where opportunities may exist for trading. They can also help you stay away from consolidation/congestion periods.
In today's video, I highlight how the current BreakAway pattern in Trending mode suggests the SPY will rally a bit today. I expect the SPY to close above 545.50-546.50 as the bullish base/support level holds today.
There is a bit of downward pressure on the SPY this morning. It will be interesting to see if my expectations are accurate or not.
Remember, the SPY Cycle Patterns are not 100% accurate all the time. They are only about 80-85% accurate in most cases. Big news events or outside factors can drive prices in ways that do not align with my SPY Cycle Patterns.
However, these SPY Cycle Patterns are generally very accurate in terms of how to plan/prepare for trading opportunities 3 to 10+ days into the future.
I hope you enjoy it. Please leave a comment and tell me if you see value in these videos or what you think.
2024-06-25 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
nasdaq e-mini futures
comment: Bulls got their expected pullback but on the daily it’s an inside bar. We are in a trading range and the market is probing for the fair price currently. Bulls want back to the highs again and bears want a second leg down to test the big bull trend line 19500ish. I expect more sideways price action tomorrow because I don’t think bears want bulls to get above 20000 before a second leg down. Above 20050 I’m wrong and we will probably get a retest above 20200 before another leg down.
current market cycle: Max bullishness & peak bubble territory. Literally the peakiest of the peaks. Mother of all bubbles. Will end over the next weeks. —unchanged
key levels: 19700 - 20100
bull case: Daily inside bar for the bulls, which means trading range. The buying today was reasonably strong that bulls will try for 20000 tomorrow and if they can get above 20060ish, most bears will probably give up. Current small bull trend line from 19725 has to hold though.
Invalidation is below 19830.
bear case: Bears shorted new highs and despite the 1% gain, market was two sided. Bears also kept it below 20000 which is the obvious price that both sides will fight for. Bears would need to break the bull trend line from 19725 by either breaking below or sideways out of it. Since bulls are again in massive BTFD mode, sideways will probably the best bears can get tomorrow. If they fail at 20k, I don’t think they will fight for 20080 much harder and they could give up for a quick melt to 20200+ again.
Invalidation is above 20080.
short term: Neutral 19900-20000, bearish below, bullish above
medium-long term: This climactic blow off top was the grand finale of this bull trend. Perfect break above multiple patterns which I expect is a bull trap and we will test the various support lines next before the new bear trend will unfold over the next 3-9 months.
current swing trade: None
trade of the day: Buying the double bottom bar 16 + 4. Bar 4 was a huge huge bar and you had to get long there.
$BITO Bitcoin ETF – Cup with Handle Formation?AMEX:BITO is a in a massive Cup w/Handle Formation. I was just going through weekly charts in sector ETFs, and this just popped right out to me. I do not have much to say about this except that these types of formations often lead to upside breakouts. Having said that I have an alert set on the upper downtrend line. Should that trigger, I will go to a lower timeframe chart to look for a low-risk entry where I can define my risk. Hope this helps.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
QQQ What Next? SELL!
My dear subscribers,
This is my opinion on the QQQ next move:
The instrument tests an important psychological level 480.05
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 463.65
My Stop Loss - 489.72
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
Plan Your Trade 6-25-24 - Base Rally DayThis video continues my series on planning your trade around my SPY Cycle Patterns. Today is a Base Rally pattern. I suspect the price will attempt to climb above $544 and may attempt to rally above $550 over the next few days.
This is an excellent opportunity for traders to swing for the fences with long trades.
Time your entry. If the price fails to rally above $544 in early trading, we may see a strong rally later this afternoon.
Tomorrow is a Breakaway pattern in counter-trend mode. I suspect we'll see a bit of a downward price swing tomorrow after today's strong rally. Then, another push to try to rally above $550 on Thursday.
Plan your trade. Learn how I can help you stay ahead of these bigger price swings.
Plan Your Trade 6/24/24 - Prepare For Rolling Price ActionThis continued video series focused on my SPY Cycle Patterns teaches you how to plan for future price swings and bigger trending days.
Today, I expect the SPY to stay relatively muted in trend—possibly moving downward overall. The Up-Down-Up (countertrend) pattern suggests that the price will want to move downward today, perhaps setting up support near $541.50 to $542.50.
I don't expect anything big to happen today as today's pattern is followed by three days of an upward price trend. That upward trend is your opportunity for profits.
Tuesday, Wednesday, & Thursday look like a bigger opportunity for long trades than Monday or Friday.
Friday's CRUSH pattern suggests a fairly strong downward price trend. I would be cautious of taking long positions on Friday until possibly the last 60-120 min of the day (if we see a short squeeze setup).
Please use this information efficiently. I'm trying to show you how to use my SPY Cycle Patterns to plan your trading and find the best opportunities.
I will have more info tomorrow as I continue this video series.