LRCX LONG SETUP There are two specific wolfe wave setups on the 78 min (AH+ON) and Daily time-frames. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green and blue perforated lines, as shown in the chart. The projected targets for the 78 min and daily setups are 378 and 605,respectively.
SMH
FB - INTC V.2 FB options degenerates are back, surprise.
Put Volumes dominating the Volume although O/I is split.
297.50 @ 1,357
300.00 @ 5,886
305.00 @ 1,854
310.00 @ 2,873
312.50 @ 556
315.00 @ 1,273
317.50 @ 819
320.00 @ 3,540
322.50 @ 1,210
325.00 @ 1,672
Semiconductors, Comm, Telco, Software - are being used to push to the NA
to Price Objectives @ 15513 - 15517 as the VXN broke its Lows and is making
New Lows for the Day.
Range break leads to higher Price Objectives.
We are SOH until FB reports.
EBON PLTR BLU CPNG LUL ASML GVP REDU SMH Cloud Poppingwww.tradingview.com
This is my Watch List for all the stocks in my 200 list that are popping the cloud. Red Flag means already has a green Candle and either ready to go or watiing for a solid green candle with no wick to signal your in. No flag means red or in the cloud and waiting for Green Candle No Wick to close outside of the cloud to signal. These are all good for a 1:1 or 2:1 Position based off the last node or if you cant find that...the bottom of the cloud as a stop loss. Some of these will follow a 45 degree angle up over a week or more time frame....If you want to take out profits and leave runners on these that would be a good way to make sure you dont leave anything on the table. I would also look at other stocks in the sector of whatever one you take interest in. if you see it doing the same move and going up in a 45 degree angle then this stock most likely might be following suit.
I am not a financial advisor do not blindly jump in on any of my trades without doing your own DD. This method is using a cloud I custom set the parameters to and piggy backing that off Wyckoff Method as this would be the last dip into liquidity or the first push after the spring (Accumulation or Absorption of the float) Also the Curve which would be (the spring or Launch) and the Key algo which is the path drawn in white.
by iCantw84it
10.23.2021
ASML - Chips feel the DIPWhen the Globes largest Semiconductor FAB, dumps 4% in one day...
It might be a warning sign of Price action ahead.
We continue to position into a Put Calendar Spread for the SMH
from 240 - 270.
We will begin to acquire 400 Puts within November 19 through
December 17 Time Range.
We believe there is an opportunity beginning today and are acting
on what we see as the potential for downside to the 231 Level.
SMH - The TECH MaestrosYou have to laugh, as Retail was piling into the NQ/MNQ @ 71, 75, 82, 88, 90, 92, 95 on the SELL.
The BOTS simply waited for the 3:59 arrival to run all those stops at 410 - 420.
Usually, they wait until 1 second after 4 and run it vertical @ until 4:02 PM EST.
By 4:05 PM EST - a new high off the Ledge @ 15428.50.
Ya see, all the Baby Seals were thinking - "Bruh, uh... last time we were at 399 we fell 100 Points,
it's probably a good idea to Sell this now... fer sure" - the Problem is, the AIQC knows this... and
you see the results.
It knows how to read forums in nanoseconds and observe your behaviors, it sees the ENTIRE ORDER BOOK.
As odd lots of Micros for MNQ went flying by... it was painful to watch as the clubbing
was being set in motion, sad really. It's cheating, but then this entire game is one big cheat.
They win, you lose... Someone has to lose... not everyone gets a Trophy.
You sell when it is, not until... keep it simple.
The sure thing bruh, yeah, naw, it's stacked against you.
Why wait when there's fresh blood in the water, the Mako's did not hesitate, chewed to chum
bits during a 1 Minute Bar.
Baby Seals clubbed again in Semi CONductors of which there is very little Conducting going on
or ongoing for that matter.
Fires, Water Shortages, Green Agenda... Yada Yada, pick any excuse.
There is a shortage of Chips, Globally. Although one would never, apparently never, have a DIRECT
Effect upon Price of Said Chippers.
NQ to 15517 will only add Insult to Injury.
Winsome, lose some - Literally.
Chips N' NO Dip:
AMAT + .99%
MU +.54%
AVGO + 1.445%
TXN + 1.7%
INTC + 1.54%
QCOM + 1.83%
ASML + 1.62%
NVDA + .40%
TSM + 1.40%
Semi's rocked the Bang Bus after being rocked for weeks on end.
AS the VXN dipped into new lows for the Day, it did not matter a Whit... NQ Made new highs
after it reversed and closed 28 ticks off the lows... AIQC... it's a Hunter Killer.
Sweet Ginger Brown... it's a mess out there, they are entirely desperate to get this up and lickety-split
as indicated.
What's the Rush?
We're going to find out soon enough, and it will not be Good.
Here's that word again............
P A T I E N C E
- HK
SOXX 1 year trendSemiconductors/chips continue to be an essential part of everything around the globe.
For a year, we have maintained an upward trend, which is being tested today.
There are clear outperformers in the industry, but it is clearly been working for all of them as a whole.
When we have touched the trend line in the past, we have had a 50 point gain, which has happened through 2 weeks approximately. That gives us a target of around $505.
MU - consolidating , possible falling wedge pattern Micron looks to be consolidating on the daily chart heading into earnings Tuesday after market. The POC - (point of control) could be target $80, after earnings with 8% move expected.
The Oct 1st options data shows a put/call ratio at .55 . The Oct 15th $75 and $80 calls have over 28000 Open interest.
Looking to go long breaking above $75
ES - Channel Surfing 2hr - NQ YM RTY SOXS TQQQ TLT ZN ZB ARKKFriday's WRR was symptomatic of how the Order Book and Market @ depth can be
rung like a Bell - Every stop was smoked.
We held 493s @ 12 after peeling off the same ahead of Thursday. A solid and comfortable
buffer of 8 Handles giving us a 501 B/E - Stop was 96, the reaction level and prior PO.
Wrecked in minutes, All positions took the poker, hot.
NQ was the leader into Thursday close, making a lower low on the Hourly, while finishing
Friday @ new ATHs. The only trade taken in NQ was the initial higher high @ 428 to 390 on
80 MNQ scaled in from 426. This Sell became the fuel for the next stop run higher. Retail
Traders entered and reentered the Sell all day only to be crushed under the Futures bid.
The Semis bid took SOXS to new lows, ending our position on Stop - our largest loser in
17 months.
TQQQ stopped .38 below entry. TLT ZN ZB closed @ 0.12%+ ARKK Stopped at ~ Entry and on
and on it goes... stop stop stop run. 1st losing day in 17 days and a large loss on SMH's.
______________________________________________________________________________
ES Chart illustrates the higher targets - and lower 4441/4444 Support - 80 Handle range.
What it does not show is the following - Market on Close orders were followed on in
Globex - the Sell imbalances... were immense.
Perhaps those in the know, knew the Drone Strike retaliation was on Deck.
It is clear we are in a Large topping process, with stop run after stop run the tool in trade.
Where this terminates now is a WAG.
The very moment everything lines up in a large SELL, the rescue operation doubles down
and makes New ATHs on expanding divergences.
Frustrating in the extreme as it requires very large drawdowns, unacceptable drawdowns
on Capital.
Hedging DEC SELLs with SEP Bids Intra-Day has worked, although the Risks in continuing this
balance is so extreme, we are going to remain in CASH with an extreme negative position
structure.
SOXS - Thank you We began entries today, given the degenerate squeeze brought to us by
FED wingmen Black Rock and VanGuard.
We'll embrace the .382 level when it trades, even should it fall short in
the 18s, it's 200% off the Wall.
A close over 6.98 will see further additions.
Out first adventure came off an average of 6.12 :)
Hunt, Kill - Profit.
xoxo - Hunter Killer
QQQ - 363 the Level for breakdownClose under 363 on 3XQ's and the reversal will be fulfilled.
Targets below are significantly lower/
SMH may try to make up some ground on a FAB Funding for USA.
Short lived BS Noise.
ES has trade sub 4441, should it close beneath, we have
a confirmed reversal.
VIX has a Micro target today of 20.55 for SEP CT.
TLT will complete Gap Fills.
DX remains stubbornly tight 92 - 93.
Energy Complex seeing Crude Oil in 57-62 range after RTs complete.
6501 held for now, we closed SELLs in heavy position from 6956.
Now it's a waiting game on War Drums.
SOXS - .382 Test Ahead @ 18.72200% Upside here.
Large Volume on Lows.
Panic reversal has setup.
NQ will be the first to fail on Inflation Trade.
FED told us so this week and last.
Digi $'s come home to roost a bit.
Hot CPI assures a D U N K in time, as CON.fidence in BTD
begins to fail.
Volumes at extremes, Divergences at extremes, Valuations at extremes.
Correction ahead for NQ/TECH/SMH as Semis see Geopolitical Risk.
Micron internals improvingTechnical Analysis
From the beginning of May, MU has been kept in a range; however:
RSI has been making higher lows where price has been retreating at the same support level.
OBV is confirming the uptrend in volume within the consolidation range.
These two bullet points support a bullish case for MU.
Trade analysis
I expect MU will try to test the roof of the consolidation range at $85.5 approximately; after, a re-test of the 50sma as support could signal a potential buy.