PALANTIR:New Beginnings On The Horizon NYSE:PLTR is now set for new beginnings as a major cycle has ended for this stock.
Recently the price has been ranging in the the 8.6-11.4 area which is a high demand area ideal for the current accumulation phase .In fact there is a great probability for the bulls to take the lead and push the price significantly up , taking advantage of the nice potential of PLTR .
Although many technical indicators are already anticipating a rally, it is more reasonable to wait for a close above the 12.6 as a confirmation before the entry .
After the confirmation ,the price is likely to reach the first target ,and potentially the second and the third targets if PLTR succeeds to close significantly above the first and the second target areas successively.
For the trade management It is advisable to :
Close 50% of the position when the first target is hit and move the stop to the entry area .
Close 25% when the second target is hit and move the stop to just below the first target area .
Close the remaining 25% when the third target is hit .
The 9.5 level would represent a reasonable stop level which has the advantage of being tighter than the 8 level despite the latter offering more freedom for the movement of price .
FERVENTLY BROUGHT TO YOU BY MANHATTAN STOCKS .
ALL REQUESTS ,SUGGESTIONS AND REMARKS ARE WELCOME .
TECH
AAPL - Market Structure Shift a Bearish CaseApple has broken daily market structure at ~167$ and has been drifting lower since the start of the year. From a technical perspective, the asset appears to be heavy which is sweeping recent lows one by one.
Downside targets I am looking at are:
Target 1: $146.5
Target 2: $138.2
I am looking for a quick move lower to sweep these two lows. If Target 2 is swept then that opens up Targets 3-6.
Over the longer term I am thinking the price will continue lower with the listed lows as targets. I am thinking the second half of the move lower is likely not going to be a straight shot down. Expect chop as the price continues to decline which will likely tempt buyers into the market as short term retraces higher occur.
Target 3: $122.2
Target 4: $116.2
Target 5: $107.3
Target 6: $103.1
SPY COULD FORM A MACRO WEDGE - INTEREST RATESGet your tin foil hats ready for this one folks. It's a long shot, but just throwing this perspective out there to see how it lands in a few weeks.
SPY loves to form wedges, especially after the breakout of other patterns.
In this case, SPY was forming quite the strong channel since September, until it broke out in January (see chart below)
Now that it has broken out, and volatility is at its highest, one potential outcome is SPY / SPX forming a wedge to calm the storm.
Here is where it gets interesting - charts also love symmetry. The price action on one side of a pattern often times matches the price action on the opposite side as well (time is a factor that affects how this looks on the chart, either squeezing or elongating the trends)
Before SPY dumped in January, it had a stair stepping, wedge-like pattern on it's way up - which took 200 days to reach ATH from $415 (a key level). SEE BELOW
Now here is where the tinfoil hat comes on. So far, SPY has mimicked the double bottom formation first seen on the left side. SEE BELOW
Notice both form a 'W' shape, with the left side having less volatility, and therefore having more time to form price action (30 days)
The right side having more volatility, formed a similar pattern in 10 days. 1/3 of the time
This would make sense if we also look at the volume, which is on average 2.4x higher than last September / October.
Following this same logic, we should reach 415 in approximately 1/3 the time it took for SPY to reach ATH from 415 (200 days mentioned previously.)
That means it would take ROUGHLY 66 days to reach 415 from ATH -- March 11 -- The Friday before the first released rate hike and when the FED will release their interest rate plans. This would put the March 15 - 16 FOMC meeting right at the vertex of this wedge.
The MACD also confirms this in a way. If SPY continues its current MACD trend on the Monthly, it should approach baseline in March, flipping red (Take a look at SPY chart, and what happens when the monthly MACD flips red without a catalyst like the FED meeting.)
It also means we could see a more volatile spike to around 460 in the very short term (first week of February or so) and then a trend down from there.
What are some problems with this perspective? It's based entirely off of connecting dots that may not even be there. Also, with all of the news and volatility happening right now, SPY could do something completely un-organized and un-predictable, but it doesn't hurt to try.
This post was written largely for fun, and I'll keep the analysis in the back of my mind. However, I do not plan on basing any of my strategies or trades on the idea alone.
Let's see how poorly this ages ;)
- Thanks for reading!
$AAPL Key Levels, Analysis & Targets$AAPL Key Levels, Analysis & Targets
Well, target 1 was hit this morning so I started a small position…
I do believe we will see at least Target 2 & 3 also so I’m not going in too heavy at the moment…
This is the first time that AAPL is under the 35EMA on the weekly since 2020, and 2019…
I am very much looking forward to this swing… and I’ll be looking for around 25% when all 3 targets are hit…
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IF YOU'RE ADDING TO LONG POSITIONS:
ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.)
I start every position with .5 - 1% of my account and build from there as needed and as possible.
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
QQQ QQQ bear scenario ..
QQQ would have to close below 319 which I don't think it will after finding support there now.
LVLS near 280-295 would be a great long term bottoming area in the tech names if we get any further downside due to slim possibility, poor reaction to FED decision this upcoming, or from no more QE in markets.
334 to the upside will be our next major resistance to watch iMO. currently 324.
$NLOK: Putopia HedgeRegardless of what deals are made regarding forces, long NLOK offers a pretty solid hedge against any impending cybercrimes that may linger as a result of the current geopolitical conflict and the citizen's reactions there of. This company is also much less exposed to the drains of inflation compared to numerous other stocks on the market.
$SOFI is oversold 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today my team entered digital finance company $SOFI at $10.25 per share. Our take profit is $12 with a stop loss at $9.75.
Our Entry: $10.25
Take Profit: $12
Stop Loss: $9.75
If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ indecisivenessAfter its rebound, the NASDAQ index is in a small range of 13800 to 143000. It appears to be trapped in a zone and break out or breakdown will follow a decisive move. When that move will happen?
Have to wait for it and watch it happen... then we will know.
Daily technical indicators suggest a skew to the downside, but the 4H technical indicators indicate a potential bounce up.
Let's wait and see what develops...
NASDAQ under the microscopeWas just looking at the NASDAQ futures and the price actions over the market holiday yesterday amidst the hype and concerns over Russia-Ukraine issues.
In the NQ1! 4H chart, recent multiple failures of the 55EMA (4H and Daily) technically projected downside for the NASDAQ (amongst other equity indexes). There appears to be a cyclical fear pattern over the last month, and in this current cycle, it should peak down today. Am expecting a spike down type of peak, that tests the support, breaks it somewhat and then a likely rebound ensues (as previously posted that NQ1! should be testing support).
That's what the technicals are hinting to me anyways. There is a near support, but I am looking at possible spike down to 13,000 in the coming days.
Longer term still looks volatile, and longer term target is still lower for now. Absolutely plausible for a major DCB and then a massive turn of events.
I do have a date in mind though... 10 MAY 2022. Watch that date!
Stay safe and well!!!
sell MSFT tradeHigh probability trade for NASDAQ:MSFT stock. I recommend opening 2 positions . 1st Position with Stop loss and take profit as shown here .the 2nd position has the same stop loss but with 261 take profit , when the first position closes and hits the take profit , move the Stop loss to entry price for the second position and wait for it to hit 261 or wait for a take profit update in this post .
This is a high probability trade with a great potential risk reward superior to 5 . In the markets There is never a 100% win probability .The idea is to have the odds in our favor and to be much more right than wrong .
NAS100 to Rally Towards 17200Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The NASDAQ 100 Index (NAS100) is currently testing resistance, after declining a little over 8% in the month of September into early October. In mid-October NAS100 broke the downtrend trendline and steadily rallied back towards 15720 resistance. A clear breakout from this resistance level established in early September should take NAS100 towards 17200. A failure in this potential breakout will be known if NAS100 declines to 15260.
On the Daily Chart NAS100 is making a leg higher with the uptrend intact.
Technical Indicators
Currently NAS100 is trading above its short (50-MA), medium (100-MA) and long (200-MA) term fractal moving averages. There have been positive crossovers on these MAs, indicating a bullish trend. The RSI is also above 50 with the KST making a positive crossover. These technical indicators are implying that the uptrend for NAS100 will continue.
Recommendation
The recommendation will be to go long at market, with a stop loss at 15260 and a target of 17200. This produces a risk/reward ratio of 2.99.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to the NAS100.
SPX Correction (ABC Wave Pattern)So far, Elliott Wave Theory has done an excellent job of predicting the recent bear market. There was a clear five wave pattern down from A. B has retraced exactly 0.618 (the golden ratio) of A so far (it's possible B isn't yet completed). Assuming that 4595 holds, Elliot Wave Theory predicts that the C wave will extend to one of the levels shown in the chart. If C extends farther to 161.8% of wave A, the ABC correction pattern is invalidated and a five wave pattern is in progress. This would be the "crash" scenario.
All tips are appreciated:
ETH: 0x13cd45d7d282ee0ee4635645cce2e2a566d9bed8
POST SHOW. GJ FOREX Mystery Train and Nasdaq Bull? Emergency Meeting . GJ FOREX Mystery Train
Price is 156.506. Hella bounce outa zone with monthly price history. bounce off the 18ma. Daily almost looks like a hammer. Could be a hammer. However the oscilators look bearish. Simple STORSI bearish, MacD bear. Can look at some others if we want but on the daily big bear. So do we fill in this bear wick? Do we bounce? Previous few days still bearish. Still haven't seen a 52 MA match. We'll see. Weekly COT for launch suggested some are looking bearish.
NAS is what it is. Just wants to stay bull til its not. 14470.
I am looking for more bearish action but we'll see if they delay those moves longer into news. Depends on who's earnings are up. I'm in a fat finger short. Alerts set hither mostly lower on Smalls STIX, Tech Futures. I'm getting REKT. Huge dumb fat fingers.
Gold. I'm out of my other fat finger short. Decent profit. Could fall off the ciff here at 1853. But could continue it's march into the 2000s. I'm not entering at these hours. Price has been hitting extremes at key London hours.
FX & Bitcoins reminders in the video.
10amish 2/15/22
atm
NVDA earnings gamble ($250)Do you like risk?
Do you like NVDA?
Do you live on the edge?
Are you dumb with your money?..
Then this is the chart for you!
NVDA closes a gap at 228, and the charts are leading right to that gap closing on the 16th. Anyway, if that gap does close on the 15th or 16th, and earnings are good (AH on the 16th), why not take a chance up to $250 and maybe even higher, I'd probably say a max of 261.86.
Anyway, I drew a line, because those are fun sometimes.