QQQ THIS IS THE ONLY BULLISH WAVE STRUCTURE The chart posted is the NAZ 100 this is the ONLY bullish wave count left as the 7/11 2024 major cycle turn has come .I AM POSTING this as a WARNING To All and that the Presidential cycle calls for a another Up leg That is it NOTHING outside of this .We had record call buying and leveraged LONGS in the ETF market . into july 11 time cycle
QQQ
SMCI four-hour chart shows confluence.NASDAQ:SMCI shows a bullish cup and handle on the four-hour chart, as well as a bullish Gartley harmonic. Point C of the harmonic lined up with the lower four-hour 100 linear regression channel and provided the best entry. The middle of the four-hour 100 linear regression channel coincided with the handle of the cup, as well as the weekly 20 SMA, which provided another excellent entry with more confirmation.
$QQQ to bottom sub $250?QQQ had an impressive run, however, that run is now over and it's time to look at shorting this thing back into the ground.
As you can see, momentum has already flipped negative w/ the first red weekly heikin ashi candle.
I expect a sharp pullback here into the election and I think we'll bottom under the $250 sometime before the end of the year.
Let's see how it plays out.
AMZN weekly chart looks intact for continuation.NASDAQ:AMZN weekly chart shows that it is holding the previous all-time high breakout at $191.70. It is also holding the weekly 5 SMA, which would provide a good entry to average up on the swing after taking profit last week. Jeff Bezos selling at $200+ needs to be cleared out before the stock can continue higher, and it appears that he has sold about 33% of the total 25 million shares planned based on SEC filings.
SPY/QQQ Plan Your Trade - SPY Seeking Support for Base/BottomHere is a quick video highlighting the News Event-driven price action today.
My SPY Cycle Patterns don't predict or operate off news cycles. They are based mostly on Fibonacci/Gann research/cycles.
Today's price action is a great example of when patterns fail to predict price trends accurately. But one has to understand that today's price movement is like throwing a huge rock into a tiny pond—it makes big waves.
That is how traders are interpreting the TSLA news today.
Even though the previous quarters were slightly worse than Q2:2024, traders anticipated any negative news that would push the markets downward (it appears).
My analysis has not changed. I'm looking at the price and thinking, "Boy, this is going to be an incredible bullish reversion setup for skilled traders."
In order words, when the selling pressure stalls/stops, prepare for a big rally above $556-557 on the SPY as a reversion move.
Earnings are sometimes challenging to trade through. Big news can throw some big price swings as data hits.
Buckle up. It will be interesting to see how the price reacts through this week's and next week's end.
Based on my SPY Cycle Patterns, I'm still preparing for a bullish rally phase.
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AMZN is at weekly and daily demand zones.NASDAQ:AMZN is at key weekly and daily demand zones which have held up for the past several months. The daily 100 EMA and weekly 20 EMA have served as strong demand zones on this entire move higher after last earnings season, and we have been swinging the stock long from these levels in the $170s, before scaling out at $190 and $200 targets. This dip into $182 is a great level to reload equity that was sold into targets for a potential move back to highs. The trade will be invalidated if it builds below these levels; however, entry here provides favorable reward-to-risk ratio.
SPY/QQQ Plan Your Trade For 7-24 - Harami~Temp BottomGood morning all,
Boy, my friendly group of traders was reviewing the TSLA and GOOG data last night for any signs of weakness or strength.
The earnings data did not settle well with traders, and the markets were a bit lower this morning. But, simultaneously, I'm trying to tell my followers to let the dust settle after yesterday's data.
I was taught "it is a market of stocks - not a stock market". Don't think of it as a single unit - it is multiple (thousands) of stocks competing for your investment dollar.
And, as I'm still reading the data, I believe the US stock market is healthy and efficient in terms of earning power and future expectations.
Because of my expectations, I'm urging my followers to consider something somewhat unique. Today's SPY Cycle Patterns should be a Harami pattern, but tomorrow's is a Temp-Bottom.
I suspect the Temp-Bottom pattern may blend in with the Harami pattern today - setting up a very clean type of double-bottom or price base for the SPY/QQQ.
My data suggests we are moving into a reflation/recovery phase (higher), but the news/data (earnings) has shifted price action to the downside. The base/bottom is playing out today and tomorrow as the price attempts to find/bounce off support.
We'll see how today plays out. Please pay attention to my warning related to today's downward price trends. There is a lower gap that could get filled on a deeper downward price trend - but I'm looking for new or recent lows to set up a Base/bottom today. Then, I expect solid reflation/upward price trending over the next 5~10+ trading days.
SPY/QQQ Plan Your Trade 7-23 EOD Wrap-up - Tomorrow's HaramiToday's Flat-Down pattern could not have played out any better. My SPY Cycle Patterns predicted today would reflect a moderately flat trading range that drifted downward - sure enough, that's precisely what we saw today on the SPY.
Now, we move into tomorrow's Harami pattern. Although we may see a broad price high or low (price volatility), we are nearing the APEX of a moderate price FLAG pattern. Price can become very volatile near these areas as price attempt to break away from a tighter price channel.
I expect the open-close range to stay very narrow tomorrow. The high/low range may be bigger than today's total candle range, but ultimately, I think tomorrow's open-close range will be very tight and narrow, possibly setting up a Doji-type candle.
In the broader sense of the SPY Cycle Pattern trends, we are moving into a basing/bottoming setup that should resolve to the upside on Thursday/Friday. So be aware that the recent lows may be a great opportunity to setup for the Thursday/Friday base/bottom SPY patterns.
I know many of you are relying on these patterns, and I started this to prove that my technology works and can provide greater insight for traders. Now, I have to decide whether to continue doing this or take a break.
I have enjoyed teaching my techniques and systems to everyone, and I love the comments. However, I also want to protect my technology and resources.
So, I would love to hear from you guys. Do you want more of this? Do you want me to continue this for another few weeks?
Let me know what you guys think.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade - MENT Pressure System: Building SuccessHave you seen my Plan Your Trade videos yet? Maybe you should take a break and watch a few of them.
Part of my effort to help traders involves building a new Pressure System - designed to deploy some of my favorite Fibonacci price constructs and the latest tools.
One of the new tools I've been working on is the MENT Pressure System. I would like to make it adaptive (self-adapting to price trends/rotation), but that may take another 10+ days of work.
I just completed an update in which the Pressure system is applied to Bollinger Bands to help traders develop trigger confirmation and find better trade triggers.
My belief is that using my SPY Cycle Patterns along with something like this new Pressure System should provide a clear advantage for day traders and swing traders.
When I suggest the SPY Cycle Patterns are Basing/Bottoming (like I've been suggesting since late Thursday (7-18) and into Friday (7-19), traders need to understand I'm hinting that price is transitioning into a basing/bottoming phase - looking to shift back into a bullish price structure.
Ultimately, I would love it if traders could use my SPY Cycle Patterns and my MENT Pressure System to pick the best trades (staying away from count-trend trades and learning to trade what I call "the Sweet Spot."
I welcome any feedback you may have after watching this video.
It is a lot of fun to receive your comments and suggestions. Together, I hope to build as many followers as possible and help as many traders as possible.
Let's GET SOME.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade - 7-23 - Price Consolidates Before RallyGood morning,
This is the Plan Your Trade video for July 23, 2024.
Please watch this video to learn why you may want to consider the next 36+ hours as a STAY AWAY type of trading range.
The SPY Cycle Patterns suggest the price will consolidate today (23) and tomorrow (24) before attempting to move into a solid Rally phase on the 25.
I believe the next 36 hours should only be played by skilled day traders. When the price stays choppy and in a very tight range, there is minimal opportunity to catch moderate swing trades.
Remember, any price move below 554 on the SPY chart will likely be rejected higher - setting up multiple base/bottom levels over the next 36 to 48 hours. Those moves below 554 may become solid entry levels for my expected Bullish rally phase on the 25th and beyond.
This is one of those lessons where the patterns show very tight price ranges over the next two days. That reflects a minimal opportunity for day traders.
But remember, we are basing/bottoming ahead of the 25th+ rally phase. So, this still presents an excellent opportunity to plan/prepare/execute a broader trading plan.
is this signalling a market crash? The yield curve invesrion remains in place for the longest historical inversion run.
This cant be good right?
History shows once the spread between the 10 & 2 corrects back to normal / un-inverts you usually get a sell signal in the market.
We are observing a massive bullish wedge pattern unfolding and looks poised at any moment to breakout.
The un- inversion breakout usually happens quickly and sharply.
SPY/QQQ Plan Your Trade For 7-22 - Making Your Own DecisionsMorning again,
This morning, I received many questions from subscribers and other members asking, "What should I do?" Should I buy, wait, or what?
I won't tell you guys what to do every 10 minutes. I deliver this research, the SPY Cycle Patterns, and other content to help you make better trading decisions.
I put together this video to better explain my expectations about the morning rally and subsequent pullback.
This is very important because my job is not to tell you when to trade and what to do. My job is to teach you the skills to make your own decisions.
Honestly, if you don't know what you want to do regarding trades, don't take any trades at all. Wait it out a bit.
I know all of you want to know what's going on in my head, but it is illegal and unethical for me to tell you what you should do regarding trading.
I deliver the most precise content I can - ensuring you see and understand what I believe is likely to happen. From there - you make all the decisions.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
QQQ My Opinion! BUY!
My dear friends,
My technical analysis for QQQ is below:
The market is trading on 475.22 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 487.32
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
SPY/QQQ Plan Your Trade - 7-22 - Pressure System ImprovementsThis is a short video showing you the progress I'm making on the MENT Pressure System for daytraders.
When I started this project, I was looking for a way to help daytraders understand trending, pullbacks, targets, and moderate price rotation.
I knew some of the techniques I use could help, but I wanted to create a visual solution to allow traders to SEE the opportunities, trends, and other setups. So, I decided to try to create my own solution.
After about 4+ days of coding and playing with PineScript (only putting about 1~2 hours a day into the project) - this is the current project and how it works.
The one thing I'm very pleased with is the Fibonacci Price Theory module. It does almost everything I wanted it to do right now.
Currently, I'm working on better identification of triggers, targets, pullback "Air" and other features.
I just wanted to show it off a bit and to highlight the new Adaptive MA system - which I think will help identify the missing components.
I welcome your feedback.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trae For 7-22 - Topping PatternGood morning,
I hope all of you had a wonderful weekend.
Today, we start the trading week with a Topping pattern on my SPY Cycle Patterns. That means we should see the SPY/QQQ rally higher, attempt to find a resistance/peak price level, and then roll downward (moving away from that resistance area).
Over the past four weeks, I've been amazed at the accuracy of my SPY Cycle Patterns. Can you believe I've been able to predict more than twenty trading days into the future—calling rallies, selloffs, tops, bottoms, and congestion periods almost perfectly?
Sometimes I get the "well, you were wrong about WHATEVER" type of comments from viewers.
I may have been wrong about one or two things in my expectations related to how price would move, react, or trend. But, I challenge anyone to attempt to accurately predict 3+ weeks of future price trends, action, direction, or expectations as I do. If you think you can do any better than what I'm doing - go ahead and give it a try. Let me know how it works out for you.
Again, I'm not suggesting my SPY Cycle Patterns are 100% accurate, but I've never seen any other technology or AI like it. Nothing on the planet can predict the SPY/QQQ future price moves like my SPY Cycle Patterns and my own skills applied to interpreting them to reflect accurate future expectations.
We have one more week to go with the SPY Cycle Patterns, and then I have to decide if I want to continue giving this away or not. Hearing all the great comments has been fun, but I want traders to understand this is a premium solution. This is not the average comment/suggestion you get from someone else.
In my opinion, and you can make this decision on your own, this proven technology appears to work better than anything else I've ever seen. There is no place where you can see 2~3 weeks into the future for the SPY/QQQ and have any confidence in the data presented.
Get ready. We have 2~3 days of basing/consolidation before we shift into a moderately strong bullish breakout/rally phase near the 24~25 of July.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade 7-20 - PineScript Project FeedbackI've been playing with this little project for about 7 hours now (off and on). Pinescript is fun once you get the hang of the syntax and how it expects objects/booleans for most of the conditionals.
Overall, I think this project is moving along nicely, but I wanted some feedback on the visuals.
I'm trying to create something that will help daytraders see and understand broad trends arising from shorter-term price swings.
I get a lot of questions related to how/when to identify key market price reversals - so I'm trying to develop a way to help traders understand and see where opportunities exist for better trades.
Watch this video and let me know if you see anything I can do to improve the visuals or color controls.
I want this to SHINE so people fall in love with it.
Thank you.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade - Building Solutions For Better TradersTo help as many traders as possible, I took on the task of trying to build a Daytrading Pressure monitoring system to identify better trends, pullbacks, and swing trade setups.
This example video was created after only about 5 hours of work on the script (debugging/testing), and I still have about 6+ more days of development before this script may be ready for public use, but...
Look at the results I've been able to achieve so far.
My work trying to recreate my Fibonacci Price Theory concepts is proving very valuable. I've created three unique FPT constructs (Standout, Unique, Ultimate), and I believe teaching this concept will greatly improve trading results for many people.
Next, I will work on my Pressure Indicator (near the bottom). Right now, it only reflects 3-bar rotations in pressure. I want it to be adaptive and dynamic, so I have some work cut out for me over the next 6+ days.
Ultimately, this tool (and others) could help thousands of traders better understand FPT and the scope of price moves at various intervals.
I aim to create a PineScript tool/utility to significantly improve traders' overall results.
I welcome any feedback you may have at this stage of development.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold