$NFLX | WEEKLY WATCHLIST 11/8Netflix is one of the few counts I have that look to have a potential significant local top put in. Looking for a corrective wave 4 to take place here and would be very healthy for the stock. Wait for confirmation first.
TECH
$MU | WEEKLY WATCHLIST 11/8Monthly cup and handle forming, this is a long-term view. Nice falling wedge breakout looking for upside from here.
$GOOGL | WEEKLY WATCHLIST 11/8Risk/reward here is quite low for upside. If you aren't already in from when I shared Google before, I would wait for a pullback to enter long.
NAS100 NEW ATH 16368! NAS HAS BEEN ALL GAS NO BREAKS FOR THE LAST 30 DAYS (Q4 BULL RUN)
Tech is at an all time high world wide with WFH continuing as well as vaccine mandates that have citizens returning to office.
The recent crypto run can be said to be a fuel to the NAS fire. TESLA going to 1K+ is another great indicator of a healthy nas bullish trend.
I would love to see a slight pullback to my blue liquidity box 15600s before the rocket to 16300s!
OCT was all green for NAS with a full-body close with no top wick.
Currently 450 points away from this short term goal. Does nas want 17-18K to close 2021?
(NAS IS UP 3400 YTD)
Let's all buy a metric shit ton of $CRM and get rich.This is a chart of $CRM. The bars pattern is of $FTNT. You can do this with $ADBE and a number of other tech stocks as well. You'll probably notice $ADBE is leading, I'm betting $CRM will follow. Both will catch up to $FTNT.
The structure is ready, we've been drawing this bull flag forever. We've lost all hope in stocks. Biden flushed everyone out that is scared of a little tax bump but only poors worry about taxes... they sold the bottom. It's time.
NQ - Larger Potential Structure / 10 Steps to Trading AbsolutionExploring Structure to the Daily TF from a number of perspectives, this
particular one began to increase in Probability.
It is not strictly conventional - it does however make far more sense than
the Alternate Draws/Structures reviewed.
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What dear reader brought about the pursuit for "alternates" - ?
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The Death of Convention in both, Investing and Trading.
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Step 1: Powerless
"Hello my name is __________ and I am a Degenerate Gambler
at the Casino Royale.
Placing oneself within an abiding construct - Box checked.
The Casino is nothing more than a Wealth Transfer Mechanism
with distortions at extreme Levels unseen in prior Equity Market
Manias. As it has been for decades.
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Step 2: Power of Restoration
Not happening, the Global Economy continues to Dive deeper into
the morass of Collusion, Criminal Activity, Cons, and Corruption.
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Step 3: Higher Power Understood
Playing the "Game" is something, 5 decades later... I was never good
at or even cared to be with one exception - Capital adherence to the
Power.
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Step 4: Moral Inventories
Be kind, be just, and be a positive Force within Humanity, it is all we
truly have.
If you have knowledge of material importance from your Life experience,
you are obligated to share.
Why this place exists, an obligation to fellow Humans, Apes and fellow
Degenerate Gamblers at the Flamingo.
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Step 5: The Wrongful Addmissions
What works, what does not. Self Interest at work and play.
Someone must Lose for us to Win. This is rather painfully obvious,
and yet a bitter Pill.
It is Trading 101.
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Step 6: Surrender of Defects, Admission
We all have our Blemishes. Moral Compasses aside, you either
Win or Lose, to every Choice in Trading - there is indeed a Consequence.
Transfer of Capital is the Objective
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Step 7: Removal of Shortcomings
Humility - a warm and fuzzy place. The bosom of Humanity. Unfortunately,
in order to survive "Transfers" - you are either a predator or prey.
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Step 8: Amend Harm
A long list at this point, too long to complete. For every gain, someone's life
is invariably changed in some way, small or large.
Your gain can be another's rent, car payment, food bill, utility payment,
kids college fund... Choice/Consequence - Absolution.
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Step 10: Absolution
Having a spiritual awakening certainly is not required. It's a bit late stage for
this event.
Stay at home has created a large Pool of Degenerates (Inexperienced) who have
run out of Rope, well the majority who couldn't afford to have their lifeline
removed.
It has been, too late again.
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Why is any of the above non-sense remotely relevant?
Good question dear reader.
Here is my perspective (Not answer, cuz I sure as F_ck don't have one you'd enjoy
reading).
We are in the Lates Stages of the "Greatest Bull Market in History" from the perspective
of Purchasing Power, Choice, Freedoms, and a list that would take months to complete.
Attempting to "Trade it until the lights are shut off" is about all I got.
From this Degenerate Gamblers perspective, the Jumbos are simply using Leverage
via Options activity to move Price Higher within the Confines of Gamma/Delta...
We appear to be setting up a "Correction" in November as the Potential for an accident
is present, probable, and prescient to this Tea Leaf reader's tired eyes.
If the above Wave Structure is closer to reality, November should be a solid month of
movement down, in both Scope and Scale.
We cannot see how the Jumbos are positioning in Dark Pools, it remains a mystery
amongst all the manipulations and distortions.
9/9 Completes on Monday, extending it... again within the present Indications is going
to a difficult task, as Counter-Party Risk - is quite large for all those Option Writers
who in order to gain Delta... own a copious amount of OverPriced Equities.
If 4/5 was not met and we remain in 3/5 on the Larger TF, there should be a sizeable
10-15% correction approaching as we reach the Upper Treend Line Indentitifed in the
Chart above.
- HK
$NVDA | REQUESTED TAAfter an INSANE run today, Nvidia looks like it needs to cool down a bit. Going long at this region presents a lower risk/reward than I'd ideally like to take. Things to note are the extended MACD and 2.618% fib extension to potentially conclude wave 3.
Pullback into $255-270s would be ideal to build a base for the 5th wave higher!
$CYBR: The Future Is NowCYBR is setting up for a massive weekly/monthly move and I think it's important that traders get positioned for the potential move. Earnings were significantly better than estimates and I suspect they still have plenty of room to grow
$GOOGL | TRADE IDEAGoogle gifting us with a new ATH today. All eyes on the previous ATH level of $2973. Need a daily close over this key level to confirm continuation towards my wave 3 target of $3032!
$QCOM | UPDATEAll targets HIT and gap nearly filled after a monster move from earnings! Idea was shared when QCOM was trading at just $130 resulting in over 20% move in equity.
Congrats if anyone played this one!!
$AMD | TRADE IDEAAdjusted my AMD count and this one makes more sense to me now. Looks like a larger nested 1-2 count instead of a 3-4 from the falling wedge area. This makes the count much more bullish and aligns a bit better with current price action.
As long as $118 low holds, I expect $146 target.
$ROKU | WEEKLY WATCHLIST 11/1Make or break level for Roku here. We must see a strong bounce this week ($25+ bounce) or else it looks quite rough for the outlook of this one...
$QCOM | WEEKLY WATCHLIST 11/1 Didn't have time to do a full Elliot Wave Theory analysis on this one, I apologize for that. However, very clear supply/demand zones labeled, while trading within a wedge. Extremely attractive bullish inverse head & shoulders shown on the chart, looking to potentially confirm and breakout early in the week.
The only thing holding me back from this is the fact that Qualcomm reports earnings on November 3rd. Setup is extremely good on this one, so I may make an exception and possibly day trade this one before earnings. Not looking to swing until after earnings is reported.
$NVDA | WEEKLY WATCHLIST 11/1One of my better counts that I'll be watching develop. We have hit and rejected the 1.618 fib extension wave 3 target of $257.32. I anticipate some distribution to occur this week near this level before an ABC major wave 4 retracement takes place. This should take us anywhere between $226-242 (I know this is vague for now since not much clarity yet) and should expect a bounce somewhere in this price range. Once we can confirm all of this is correct thus far, I will then consider starting my long swing for the wave 5 target of $290-300. Patience is a must here and we will most likely be tracking this setup for 2-4 weeks.
$GOOGL | WEEKLY WATCHLIST 11/1I alerted a Google long debit spread last week and those printed in the end of the week! Expiration is this Friday so please take caution. Looking to potentially roll profits into a new position depending on how price action looks early in the week. An amazing breakout and reclaim of the longer term daily channel.
Last week, I said it was KEY that we get a daily candle close above the previous ATH level of $2925.04 which we did get. Looking for continuation this week to reach my wave 3 target of $3032 before a short wave 4 retracement and 5th wave higher. Really loving this setup as this leads big tech.
$BABA | WEEKLY WATCHLIST 11/1Not my favorite setup into the week... but still worth mentioning here. A possible wave 1 is in and looking to retrace on this wave 2. I have indicated my ideal buy box in the $148-155 range is best. If we can hold there with volume, I will consider taking a small long swing, targeting the mid $190s area.
$AMD | WEEKLY WATCHLIST 11/1Looking like a potential local top may be in here with a pretty convincing reversal daily candle. Expecting quite a bit of choppiness for the next few weeks/month to retrace and build a base for a fifth wave higher towards my $138 target. Patience will be key on this to wait for the right setup to present itself. Worth keeping on your radar if the retracement happens quicker than anticipated.
$AAPL | WEEKLY WATCHLIST 11/1After reporting their earnings last week, Apple fell to the $147-147 level and currently trading within that range. I still believe we will see a continued corrective wave to complete either a wave 4 or wave 2. (Hence why the recent peak/following potential low have two number labels) It is currently unclear which is the correct label, however the outcome is still the same. Expecting Apple to come down to the $142-145 range for an optimal buying opportunity to take a long swing. Sitting on the sidelines until then.
Like always IDK MAN, but ENJ gon pomp Sheesh boi if you listened to my mana call you'd be rich and callin' yo ex by now.
Donations would be lovely and for once they would go straight to my spot account whatever you think i should hold Ill make an address and send it to me <3
much love for the follows and likes guys!
S/t NFLX route@wardaK This one is for you. You asked what's my current though on NFLX S/T.
I believe we see NFLX show some sign of consolidation possibly after it goes towards 700 pysc lvl.
Expect Support to be held from 662-672 to be held and bot up for the next rips.
Market leader iMO -- alongside FB , TSLA , COST
Facebook ($MVRS Dec 1st)Have you ever seen Black Mirror?.....Well go watch that Live Zuckerberg dropped today. Imagin playing GTA San Andreas whi......nvm just check it out. On the weekly timeframe, we are oversold and on the bottom part of the histogram. The previous high was broken with a retracement of 61% that looks like it may be completed for the time being. It seems like price is fighting the 20 day ema on the 4 hour and the 200 ema on the daily. I would like to see price retrace the previous high up to 38% minimum. Facebook has been "FACING" a ton of scrutiny.....they switched they name and finessed the game. I respect it......not advice.
WATCHING $AAPL - Key Levels and Analysis WATCHING $AAPL - Key Levels and Analysis
Apple. Apple. Apple… I do love apple… however, Up 184% in a year on falling revenue makes no sense… Technicals don’t like it either.
I would like to see 130 by EOY - I would be comfortable starting a position at 130…
Also... a lot of the charts are looking like this right now... technicals look weak from the long
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
