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Tech Sector Setting Up for Big Monthly Bearish PullbackWe have a Bearish Engulfing on the Monthly along side with extreme amounts of RSI Bearish Divergence and soon the MACD will be crossing bearishly for the first time since 2018. In the past the monthly bearish crossing has lead to at least a 30% correction back down to the 55 Month SMA. One last thing to note is that if this Monthly Candle continues down a little further and closes below the open of October 2021, this pattern will be upgraded from just a simple Bearish Engulfing to being a Bullish Three Line Strike visible on the Monthly Timeframe which is a very bearish pattern as One Month would have Erased the gains of the Prior 3 Months and at that point you almost have a Guarantee that the Tech Sector will see a much more Sustained Correction the Downside.
AMEX:XLKShort
by RizeSenpai
NASDAW Futures Future Sneak PeakThe NQ1! appears to have come to a significant milestone, one that has been repeated 4 times since 2006. And each time, IF you had bought into the NASDAQ / Technology ETF, it would have been significantly wonderful in the next 3-4 years. It appears that this milestone had just happened again two days ago. Now, what does this mean? I will leave that to you to decide. Maybe we can revisit this post next year and go "Wow, the fifth time..." Btw, the events are coded to present markers when certain combinations of Bollinger Bands are exceeded. ENJOY!!! PS. Sneak peak to the projections I do, marking out 19 Jan as a top and the next incoming date is there too... #justsaying
CME_MINI:NQ1!Long
by Auguraltrader
2
AAPL: Next few months in my uneducated opinionI have had the blue lines drawn out since around April or so, and I have now gained to confidence to showcase my work. I believe very soon AAPL, and many other stocks, will be hit with some bearish sentiment (whether around anti-trust or inflation, I do not know). This is my idea for what will happen: -Short term AAPL will hover around the red circle and follow the green line I drew. -AAPL will hit a new ATH (around the EOY rally). -AAPL will then trickle off down a bearish slope to find a new support, below any of the levels we have seen this past year. Hopefully stonks only go up, but this is my bearish outlook on the tech powerhouse known as Apple.
NASDAQ:AAPLShort
by blewis08
$MP - Could this be best investment of 2022? This might be the best play of 2022 Clean count, Fib time confluence, incredible relative strength since Oct, just broke ATH and found support at 21 EMA. "picks and shovels" play in EV space gives exposure to growth landscape w/o the risk. This company is the only domestic rare earth mining play giving it particular geopolitical importance over the next decade as the West competes with China for these vital resources needed for all modern technology. Until Redwood Materials goes public, $MP might be the best investment for exposure to rare earth miners.
NYSE:MPLong
by ir-rizzle
$MSFT short term bounce wouldn't be a surprise The amount of bearish takes on the market have grown rapidly as of the past week, many traders are chasing shorts to the downside (I don’t believe this is smart as your risk/reward is poor.) otherwise known as shorting in the hole. If a contrarian view point holds true the market will provide a bounce next week stopping these traders out, after that can re-access price action. We are extended off the moving averages and a bounce back into them would not be surprising. The gap has filled and there is 300 psych level just below, in the short term I think a bounce is likely. I would take a long over previous days high, lets see how this pans out. Also to note: QQQ has held key support zone so far.
NASDAQ:MSFTLong
by PriceActionRules
100sma is being tested for the 10th timeMSFT has tested and bounced of the 100sma 9 times, since September 2020. In all of the 9 tests, RSI was in the 30s, but not oversold. It is currently at the same level. Besides the multiple tests of the 100sma, we have three tests of the bottom of the horizontal range (drawn with purple horizontal lines). We could potentially see a fill the gap situation short-term. I think it is a great place to buy. Placing layered stop-exits to preserve gains. Risk-reward-ratio is over 4, for a better understanding of the trade, check the Long Position projection to the right of the chart. Good luck.
NASDAQ:MSFTLong
by dorfmanmaster
MercadoLibre: Selling a retest of a double topMercadoLibre - Short Term - We look to Sell at 1262.00 (stop at 1345.00) Posted a Double Top formation. Previous support, now becomes resistance at 1261.00. We look for a temporary move higher. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1261.00, resulting in improved risk/reward. Our profit targets will be 1037.00 and 763.00 Resistance : 1262.00 / 1709.00 / 1970.00 Support : 972.00 / 755.00 / 630.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:MELIShort
by Saxo
$NDQ #QQQ $QQQ pulling a Wu-Tang patternlooking at the 1hr chart, there is a classic W pattern formation going on here. December was a tough month for tech, and looks to be finally recovering. This weeks moves show a break above the prior down channel, with tightly wound consolidation. TBH I see this going in either direction, but with the tax loss harvesting done for 2021, my money is on volume buy-ins this month, with a beginning of a reversal in March when tapering is ending and rates are set to go up. NFA
TVC:NDQ
by corgicapitalllc