QQQ Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for QQQ below:
The price is coiling around a solid key level - 448.71
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 464.38
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
QQQ
$SPY Sharp Decline?! $503 Target, $493 possible 8/21, then $520Thats right folks. Your's truly with another quick thought on where I think we're headed, and FAST!! Assuming we repeat the First Half of 2022, I want to say that the next 10 days will produce a dump and a bounce. Do be careful if you're long this market. All signs point to a flash crash to $493 and then a mean bounce to retest $520. Don't forget, cash is a position. I like to keep things simple with my charts for the most part. ATM, I am looking at the 10D chart. I like the 10D chart because it has hidden divergences on RSI that prove extremely useful. As the days go on, it will get easier. Those that doubt will always learn the Hard way. Paytience will always prevail. After $520 bounce, I would assume a slow bleed to $480 into the election for a new low, followed by an Election Rally back to $530 before we come back crashing down. All of this will come with time and I'm writing it down so you can see my thought process. Everything takes time.
Drop to $503-$494
Hard Bounce to $520
Slow Bleed to $480, Previous ATH Winter 22'
Bounce to $530 for a Retest of Previous Support should we break. Good Luck out there
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ALERT! Healthcare Stocks? $UNH 70% decline! Sub $200 possible. I've been watching and keeping this quiet for a while now and I am now extremely confident of this trade. NYSE:UNH headed for the dumps as technicals show signs of a 70% decline ahead in the next year. This is a developing trade and I do not have any news to support this drop however, I am certain. The Weekly is currently in a bear flag the same exaact way. After a huge run, UNH looks to be running out of steam. The RSI matches around 70 on the 10D timeframe and the MACD is also coming from a negative area into bullish territory, yet the bearish divergence is clear imo. I will be glady entering long puts up here. I will continuously update this trade. See you Next year. Use this chart as a reference to current chart.
$SPY $537 Fair Value Gap fill incoming imoFVG sits below at $541.61-$536.89 ..... Current 6 count could prove bearish into the 7th count on 10D chart. Very interesting chart showing what would essentially be a Bearish Harami off this Inside Doji. The 10D candle starts tomorrow 7/23 and ends 8/7 so basicaally accumlate as many puts as possible between then and now. If we move above the Open on the Doji at $554.54, then we can start talking about bullish behavoir. For now though, the gap above at $566.7 was rejected and I will be looking for a downside move from here to $540 as previously noted in a recent session. Chao.
VIX | Economic, Geopolitical, and Market DevelopmentsTVC:VIX
Key Points:
FOMC Decision:
Rate Hold: The FOMC maintained the federal funds rate at 5.25%-5.50%, indicating caution due to persistent inflation (Home) (Home).
Market Volatility:
VIX Surge : The VIX rose to 23.38, reflecting increased market fear and uncertainty driven by economic and geopolitical factors (Home).
Japan's Economic Challenges:
Policy Adjustments : The BOJ raised rates and ended yield curve control but maintained a relatively accommodative stance due to muted inflation.
GDP and Inflation : Japan's GDP contracted by 0.5% in Q1 2024, and core inflation stood at 2.5% year-over-year.
Europe's Economic Landscape:
ECB Rates : The ECB's interest rate is at 3.75%, with slow growth expected amid ongoing inflationary pressures.
Geopolitical Tensions:
Iran-Israel Conflict : Escalating tensions impact global oil prices and market sentiment (Council on Foreign Relations).
Russia-Ukraine War : The conflict continues to pose significant geopolitical risks, affecting global markets and humanitarian conditions (S&P Global).
US-China Relations : Ongoing strategic competition and trade tensions shape global dynamics (EL PAÍS English).
Cybersecurity Threats : Increasing frequency and severity of cyberattacks threaten national security and financial stability (S&P Global).
Global Elections:
2024 Elections : Major elections in the US, UK, and EU contribute to geopolitical complexity, potentially reshaping policies and market responses (EY US).
Summary:
The global economic and geopolitical environment remains volatile. The FOMC's decision to hold rates reflects caution amid persistent inflation. Market volatility, indicated by the VIX surge, is driven by economic concerns, geopolitical tensions, and mixed corporate earnings. Japan faces economic challenges despite policy adjustments, while Europe contends with slow growth and inflation. Heightened geopolitical tensions, particularly the Iran-Israel conflict and Russia-Ukraine war, alongside significant upcoming elections, add layers of complexity for investors and policymakers.
Well NOW US $ YEN broke my target BUT144 area coming upUS $ YEN broke my target and seems to want to drop to 144,60 as you can see there are two targets for MAJOR support . BTW this is the ONLY REAL REASON the markets selloff . They the reason TECH is been wreaked . So we should see support coming in soon .
SPY/QQQ Plan Your trade 8-2 - The Kamala-Crush ContinuesIt's been quite a while since I've seen -3%, -4%, or even -6% on my screens.
These are HUGE price swings, and I'm still having trouble identifying why the global markets feel a major crisis has suddenly hit (unless it is all related to Kamala Harris).
This update shows you why I believe the US markets must attempt to find support near this 50% pullback range. If we can't find support at the levels I highlight on this video - then all bets are off and we could enter a much deeper price correction.
I'm still looking at the data, earnings, and other news. I see nothing that says CRASH.
I see US companies preparing for a tough summer - but still making profits.
I see the US moving into a hotly contested election.
I see consumers still spending (moderately).
I just don't see a CRASH event yet. So, I believe this is all a large panic move.
More later.
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