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...
Makes sense for NASDAQ:NDX to get a bounce here as it is at the 1st Support level after the December breakout & it is Oversold. NASDAQ:QQQE = Equal Weight #NASDAQ100 Never broke its ATH & it is Oversold on the daily chart. Weekly charts put it in the middle of the range. RSI needs to stay here to remain bullish. $ Flow has slowly waned.
$QQQW is the equal weight NASDAQ:NDX and it is at an all time high, forming a cup. The question is, "Will it form the handle & breakout"? TVC:RUT is in an uptrend but facing trouble at resistance. This shows that breadth is not as bad as they paint it to be. However, it could be a lot better. AMEX:IWM
The chart posted is the clearest of all the charts outside of my trow model
The chart posted is that of the QQQE I am using this as a filter as to what is still ahead based on the cycle low due oct 4th week 2022 the panic low . the market has just reached a level based on AAII models and put call to make what should be a nice bottom to trade the long side I will be buying trow todat as of this post we held 127 which is wave A x...
I wrote last week of a crash cycle I was looking for anywhere from 11.8 min today we fell short at 9.47 % of which that is a .786 of my drop of 11.8 % I am no longer bearish . the QQQ .I HAVE MOVED TO A NET LONG AND IF WE BREAK DOWN INTO 362 I WILL BE 100% NET LONG BUT DOUBT WE will see this . I now am looking at the drop has ending a wave 4...
QQQ VS QQQE has started to show a very clear move out and is just stating to hit the Big mega caps names . I DO NOT have any sign of a bottom now ! the line in the sand is at 375.91 in the QQQ and I would think that we will see the QQQE breaking the neckline of its head and shoulder pattern that has formed .Cycles are neg now till late jan to...
T10 yr is near my 1.75 target . and really no move in the put/call the vxn hit a target but no puts buying so i thing vxn could see a 41 handle . minor gain in calls ndva a 2 point gain and broke even on msft . I HAVE covid and this is so hard even to type this back to bed .
For I.T. traders a gift tHE HEAND SHOUDLER targets near.382 will you buy long then the time comes to quote mr walter . I did march 23 on margin . best of trades I did say this would be a very high vix year
QQQE (equal-weighted) looks like its relative strength versus QQQ (market-cap weighted) is about to turn around. There is close to a 5% gap between QQQ and QQQE. I believe that gap closes and then QQQE begins to outperform. The big names have seen their day in the sun, it's time for the rest of the tech stocks to shine. This also gives equal weight to the...
Watching this ETF offers an interesting inside. Cutting through the noise of the mega tech euphoria we can see the underlying weakness. The price action suggests a solid breakdown of the wedge. The day session is not over but the current weakness is alarming. 04/18/2019
The Nasdaq-100 equal weighted index put a strong bearish bar on Friday suggesting a false breakout pattern. From the price action perspective this could lead to a retest of the middle part of the box as a first target and potentially bottom of the box as a second target. As a reminder the index tracks Nasdaq 100 companies equal weighted. It means it reflects the...
Nasdaq equal weighted index hit all time high. The index is helpful to watch. When it hit all time high it presented a short term opportunity in Nasdaq futures (NQ1!). The index is equal weighted, it means no large caps like AMZN, AAPL, and such could skew the real picture. 03/18/2019