QQQ
SPY/QQQ Plan Your Trade For 12-2: Tmp Bottom PatternToday's pattern suggests the SPY will attempt to move a bit higher after finding support in early trading.
The one BIG event over the past 5+ trading days is the SPY rallying above the Ultimate High level - breaking into a confirmed Bullish price trend.
This is part of what I'm trying to teach you: the patterns, techniques, thinking, and logic behind my decisions are based on mechanical price structures/processes. Once you understand the structures and price patterns, it is simple to try to understand.
Fibonacci Price Theory teaches you to follow price as the ultimate indicator - measuring and marking ultimate, unique, and standout highs/lows as trigger points.
AnchorBar theory teaches us to watch for breakaway or breakdown bars as precise indications of price trend direction/momentum.
The Excess Phase Peak patterns represent a more nuanced price pattern that can assist us in determining the current "phase" of the markets and how we can expect prices to react to that phase.
If you understand these three concepts, I believe you, as a trader, can unlock any price action and determine what type of trend we are currently in for any symbol/interval and where your opportunity lies for potential trades.
I will continue to delve further into trading and teaching techniques to reinforce these techniques in the future.
Stay cautious as the markets are still struggling to find a post-election trend.
The Anomaly Event is still likely, but the probability of such an event has fallen to about 30-40% overall.
Get Some.
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#TheStrat Weekly/Monthly Setups For DecemberSPY - Closed previous D/W/M close to HOD after making new ATH, so the D/W/M all finished bright green. No evidence of sellers anywhere since every TF above the 60 is currently green. 60 closed slight green, but this can easily be justified as eod corrective activity since all 60 min candles before the last one of the day were green, and every TF above the 60 is green. Going into the new week and month, we can expect buying to continue until we see a lower low on the D, but the real sign of buyers vanishing / sellers gaining control for me will be a Lower Low on the weekly.
Main Monthly Setups To Watch:
Bullish :
DKNG - 1-2-2 Q revstrat in force, 1-3 M, 2-1 W
PM - Hammer 3-1 M
BA - Counter Hammer Failed 2D M
MRK - Hammer M at Downside Exhaustion Level
Bearish:
MU - Shooter 1-3 M, Failed 2U W
ZIM - Rev Strat M at Upside Exhaustion
Main Weekly Setups To Watch:
Bullish:
RTX - 3-1-1 W
PLTR - MoMo Hammer W, Inside D
GOOG - RevStrat Hammer D, Inside W
Bearish:
GAP - 3-1 at Exhaustion
COIN - 2-1 W, Failed 2U D
PINS - Shooter RevStrat Week, Shooter Inside D
RDDT - Inside W (11 Consecutive Weekly HLs)
SQ - Red Inside D/W at Q Exhaustion
BTC loosing momentum DEC1 2024 read notes The goal here is not to hit $100,000 . Don't get diverted from the goal. My goal is to book profit right at the target of $100,000 & exit. It can do $101,000 & you will be very happy as your accounts will be green but trust me highest probability is that it will touch $100,000 and get down as it is loosing momentum for sure.
Keep your Stops tight.
QQQ A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for QQQ below:
The instrument tests an important psychological level 505.79
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 - 502.68
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
AAPL: 2025 Strategic Outlook: 75%+ BUY/HOLD🔸Time to update the AAPL outlook, this is 2D price chart, we are
currently entering overpriced zone and limited upside in AAPL
going forward.
🔸AAPL price action is contained within rising bullish price channel
established since 2021. Havin said that we've entered premium / overprice
zone and I'm expecting limited upside going forward over the next few
month. Risk/reward is favoring a pullback/correction before a healthy
uptrend can resume in 2025.
🔸Recommended strategy bulls: expecting pullback/correction to start
in Q1 2025, 20/25% pullback is normal and therefore we may hit
170/180 USD in the correction stage of the bull market in AAPL. Bulls
should wait for better prices / reload zone near 170/180. TP BULLS
is 260/280 USD. this is obviously a setup for patient traders, do not
expect overnight gains in this market. good luck!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
100% upside The Best Level to BUY/HOLD TSLA🔸Hello traders, today let's review 4hour chart for TSLA. Strong push
after the Trump elections victory recently, however expecting limited
upside immediately going forward TSLA facing strong overhead
resistance at 360/415 this will cap upside short-term.
🔸Almost 100% gains off the lows with this recent bullish rally,
so expecting pullback/correction on profit taking intro key S/R zone
at 360/415 usd. Having said that chart pattern looks strong and I expect
more future gains in TSLA after the pullback.
🔸Recommended strategy bulls: wait for TSLA to pullback after we hit
overhead resistance at/near 360/415 usd, best reload zone bulls is
265/275 usd this is also an area with liquidity gap so will get re-tested
before the bull run resumes. Final TP bulls +100% gains 500/550 USD.
🎁Please hit the like button and
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Holiday Markets and All Markets Spot CheckLimited trading for the remainder of the week in the US with Thanksgiving
We've notched a few all-time highs in the US markets but without any major surges. Low volume and light activity have been pretty apparent as the post election rips have settled down somewhat.
US data still in line before FOMC on Dec 18. Current FED Watch Tool showing a 64% probability of the FED still cutting 25 bps before end of year. This will be an important message from the FED to the markets on how the FED plans to adjust monetary policy in 2025 (pause, hold, cut, hike).
DXY and USD related crosses showing signs of nice movement (weaker dollar). Let's see if that is a stronger reversal pattern with follow through as many USD pairs are at strong support/resistance levels to show some reactions.
I'm not aggressively positioning on anything currently. If the melt-up continues, it's pretty easy and steady gains. If we have any flinch or pullback before end of year, I'll have my hedges in profit to help offset drawdowns. The best path for me is management both ways and inexpensive protection to the downside.
Thanks for watching!!!
2024-11-27 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
nasdaq e-mini futures
comment: Market tested the 50% retracement to the tick and reversed up. It also closed above the daily 20ema, so bulls remain in control but barely. Clear triangle on the daily chart and it has room for 1-2 more days but it could also break out big time tomorrow.
current market cycle: Bull trend but also nested triangle on the daily chart
key levels : 20500 - 21500
bull case: First target is a break above 2100 and we would likely see giving up by the bears then and no more resistance until 21340. If bulls fail here and the bull trend line from August breaks, market is free to crash down to 18000.
Invalidation is below 20500.
bear case: Bears need strong follow through selling below 20700 or we won’t see lower prices. 20850 is around the mid point of the triangle and my line in the sand for bears. If they manage to keep it below, we could test down to 20700 and maybe break below.
Invalidation is above 21000.
short term: Neutral. Either wait for a bigger breakout or play the range.
medium-long term: If we stay above 20500, will likely rally more into year end before a bigger correction.
current swing trade: Nope
trade of the day: Selling the US open. Market traded below the 2m 20ema for 240 points down.
5 SPIRALS DUE 11/29 to 12/2 The chart posted is the updatedThe chart posted is my SPIRAL turns focus point it is 11/29 to 12/2 I feel rather strong that the markets are set for the NEXT TIMING TURN I AM RATHER BEARISH As you can see I am labeling the wave count and have NOT changed anything . Best of trades WAVETIMER
SPY/QQQ Plan Your Trade For 11-27: BreakAway PatternHappy day before Thanksgiving, everyone.
Stay safe this holiday and remember to share hugs and love with all the people that are the most important in your life.
Trading will be there tomorrow and the next day - always.
Family, health, and loved ones always come before trading/work.
Today is a Breakaway pattern for the SPY. I suspect the SPY will still struggle near the 600 level and possibly REJECT into a downward price trend over the next 5+ trading days.
The QQQ is showing a very clear Flagging formation whereas the SPY is showing more overall strength.
Gold and Silver make a big GAP move higher. This is nice to see. I still believe Gold will attempt to rally above $3000 before the end of 2024 and Silver will attempt to rally above $35 before the end of 2024.
Bitcoin is now moving into a projected consolidation phase. The pending breakdown phase may see Bitcoin move down to the $74k to GETTEX:82K level. Buckle up.
Remember, we are going to have Thanksgiving holiday and shortened trading hours. If you have not already moved a large portion of your capital into CASH, you could be taking unwanted risks.
Get some.
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$INTC In Uptrend?NASDAQ:INTC It is looking like this old dog might be ready to move higher. Since the August 24th ER Gap Down, Intel has been putting in a nice base. In doing so it has established an uptrend and is well into the gap. I have an alert set just above the 21 DMA (teal blue).
If it triggers, I will take a long position with a stop under the most recent low which will give me a great risk reward entry. Let’s see what happens.
SPY/QQQ Plan Your Trade For 11-26 : Inside-BreakawayAs we move closer to the Thanksgiving holiday, I want to remind traders that low liquidity is likely to drive extreme price swings throughout the markets this week and next.
Many traders are already "taking a break" from the markets right now - so please trade with CAUTION. Trade smaller positions and don't get trapped in anything you can't handle.
The markets will close on Thursday and have a half day on Friday. That means we are going to go about 3.5 days with no trading into early next week. Are you ready for that?
If not, get into a position where you can settle in through the holidays and relax. Come back to the markets on Monday/Tuesday next week.
I expect the SPY/QQQ to attempt to reject near the recent highs (yesterday) and for Gold and Silver to move into a bullish recovery phase after yesterday's selling pressure.
The one thing I would warn trades about today is the potential for a low-liquidity BREAKDOWN in price for the SPY/QQQ as well as Gold & Silver.
If there is some financial (US Treasuries) or breakdown event that prompts the markets into some type of Flash Crash - everything will go down.
I'm not saying this IS going to happen - but it COULD happen.
So, be prepared just in case.
Bitcoin is struggling to find any support throughout this downtrend. I suspect the $72-$77k level may be the final support for BTCUSD.
Buckle up. We could be in for a wild ride.
Get some.
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Custom Crash Index Indicates Global Markets Are PanickingI believe the global markets are panicking related to Trump's pending inauguration and the fact that the US Fed may have to keep interest rates elevated through a US austerity process.
If you understand what this means, you'll clearly see why the US Dollar is trading above 106 and why Gold/Silver have moved downward recently.
The process of the US moving into smaller government with potentially $1.?T in excess capital means the US would move into a dynamic BEAST of a global economy. Able to pay down debt, restructure government agencies to become more efficient and lean, while pushing global economies closer and closer to having to clean up their own mess.
This is what I call the Predatory Fed.. and will likely prompt some very big price moves over the next 4-5+ years.
Get some.
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SPY/QQQ Plan Your Trade For 11-25-24 - Carryover TrendToday's pattern is a Carryover in Trend mode. Obviously, this is a holiday week, and because of low liquidity, I expect to see moderately wild price volatility.
Stay cautious, as price moves could be exaggerated this week.
Gold and Silver are still attempting to break higher and trading in a consolidated sideways price channel.
BTCUSD pauses into the holiday week.
This would be a good week to pause, read a good book, and avoid the risks in the global markets.
This shortened trading week will likely result in very wild price swings.
Stay cautious.
Get some.
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Gold Spot intraday setup. The Pushmi - Pullyu animalRemember Dr. Dolittle? He was a vet who could talk to animals. One of the rarest was the “pushmi-pullyu,” a llama with two heads (one head was where the ass ought to be).
The pushmi-pullyu was a gentle creature that did not like to be stared at. And yet the other animals in Africa convinced him to go with the good Dr., and be put on display in Europe, because Dr. Dolittle was a kind soul who needed money to look after all the animals in his “care”.
It's gone a bit since Gold explosion last week, due to Biden's gaffe to authorize the yellow/blues regime use US-made missiles inside Russia's legal area, while the rods of Russia's retribution hanged like the sword of Damocles over all of Europe, on the basis of reciprocity.
Last week Gold spot added +153 US Dollars just in 5 Days. That was the best in history ever 1-week return, since January, 1980. Additionally, in percentage points Gold spot added +5.97 percent in a week. It was the 3rd best 1-week return over past decade.
Gold spot in Euro OANDA:XAUEUR at the same time continues its gain 11th straight month in a row.
The main intraday graph is for Gold spot OANDA:XAUUSD , and it indicates that Gold has retraced a bit to its key $2670 level (that was discussed in earlier published ideas), and ready to take Adv. again, since Trump-a-rally rolled out into the all-the-world fart.