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TECH

Micron TechnologyIt looks like there may be a new support being made at the 50% retracement level of the previous low on the weekly which could be a good going forward for long term holders. If this new support is confirmed and that the previous high was broken, we could be patient enough for a retracement up to the previous anywhere between 38% to 61% respectively. I know the semiconductor situation hasn't been solved yet but things happen and I believe in this company enough to burn time charting.
NASDAQ:MULong
by Redimere_91
INTC - Provides Intel on the State of Affairs in MANUAfter a run ahead of EPS, the 46.07 ended up another Ghost in the ALGO Machine. EPS for Intel, another Disasater after FAB MANU ASML's ugliness, Lucky for ASML the Dippers were all too anxious to Bid it back up erasing 1/2 its losses from 805. Earnings Season has added more complexity to the Mix. NQ made a run for the top of the Range @ 15513/17 - only to unload to its Prior close by ZERO. It gave back all the gains on INTC... all of them. These are the challenges to EPS, volatile and setting up for the unseemly news from Chips. Today's Intel Dip buyers were dunked to the 52.50 Level on the DOM, the scene of prior High Crimes and Felonies. As Semi's continue to report, they will continue to reveal Q3 was indeed a disaster, lots of Fudge, no Walnuts. Today's EPS was TECH heavy, tomorrow is Freaky Friday - the most overused Day of the Week to Crush the VX Complex. With the 400 Ticks of CF ahead, it will, no doubt be challenging. Trade Safe, it is very dangerous at present. Timeframes are in Conflict, complete conflict. Weeks end will begin to resolve this when we see where the Weekly Candle closes. Last Week's close = 15134.50.
NASDAQ:INTC
by HK_L61
2
QQQ Gap fill play or rally to 380The Q's have had a beautiful breakout of this falling wedge, which is slowly becoming one of my favorite patterns to play, which we played on HUT, DOGE, RBLX, and AMC recently. I will make a video about that pattern soon. We have seen most tech stocks take off the last few days, which we can attribute to the whole tech industry (QQQ) in a small bull run here. I unfortunately did not catch this breakout move at the time, however, I will be waiting for the pullback down to the 368-370 area where we can hopefully find some support. I will be playing the Q's when they get back to the breakout level of around 370 and will be playing either side, with the idea of filling that gap at 360 or retesting resistance at 380, I believe it will be the gap fill play however. Problems: With that breakout, QQQ did leave a gap at 360, where we should have to fill before we can go any higher. RESISTANCE LEVELS: 380 = mental and previous level of resistance 382 = ATH Support levels: 370 = previous level of resistance, can hopefully find support there in the near term before going down and filling that gap at 360$ below 370, I think has to go down to at least 360 in order to fill that gap
NASDAQ:QQQ
by GringoRiley
VXN - NQ Volatility Weekly - Significant Falling WedgeWhen in doubt, Zoom Out has been suggested for as long as we have been trading. Alexandra reminds me of this tried and true Axiom when Counter-Trends Develop. Confirmation in the Weekly Time-Frame supports the BULLs, of this there can be very little doubt, it is a large falling wedge of extreme range. It looks terrible for the SELL. And yet we saw 1343 Ticks come off the NQ within the downtrend, barely a blip to the Upper Trend Line only to fail again. A ~6% move down in NQ generated a 50% move in VXN. Institutions/Funds profited from their Put buying Spree as Implied Volatility had been crushed again. Step and repeat... same as it has been for a long time. There are always anomalies in Weighted Indexes - TSLA by example was falling down the mountain and kissing dirt... BUT... implied VX in TSLA was rising quickly as PUT Buyers began to double down, triple down, and begin a degenerative campaign against the Heavy Weights who hold Tesla. Tesla is a Protected entity and has a decidedly large weighting within its Index. For 12 straight days, Put Buyers were smoked, used as lighter fluid for a relenting grind higher and higher. Anomalies occur, the Heavy Weights always catch the Bid to prop, and when there's fuel a match is merely a few feet away. Once again the Tesla Dumpster Fire was put out with Gasoline. With the VXN feeling the Crush, having broken 23.52, 22.12, 21.32, 20, and 19.73, then 18.60. It's a beat down that only the Chevchenko's can deliver. So where is the Lower Boundary, we'll know as we head into EPS and VX Settle. More importantly, where is the UPPER BIoundary as it serves to provide indications as to whether 4/5's completion ends there or an Overthrow of this Weekly Trendline can occur, signaling much larger issues ahead as 5/5 completes. We shall see, it will take a monumental effort to keep this in check as Yields are quite clearly a threat to the TECH Complex. There are a large number of Additional Threats beyond Yields. We are entering a cautionary period for TECH, as we maintain it will fail. By all appearances, one would expect the exact opposite, and there is the challenge. Trade safe~! - HK
CBOE:VXN
by HK_L61
3