QQQ Falling Wedge Pattern | MSFT GOOGL Earnings Prediction | - NASDAQ:QQQ falling wedge pattern is about to break likely break tomorrow.
- QQQ & AMEX:SPY still trading in the same tight range for 3 weeks likely breaking this week with all the big tech earnings
- NASDAQ:MSFT NASDAQ:GOOGL Earnings report tomorrow AH
TQQQ
$QQQ $SPY Weekly Analysis Future Outlook | Support & Resistance - NASDAQ:QQQ & AMEX:SPY both are still in healthy daily uptrend no sign of red flags.
- QQQ Daily EMA 12 is a good support guide
- Still holding my SOXX short (in SOXS) due to relative weakness compare to QQQ
- Earnings coming up for NASDAQ:TSLA and NASDAQ:NFLX BCBA:TSMC
PPI Data | Bank Earnings | $QQQ Bear Break | - CPI came in 5%, personally i think it was pretty much priced in due to us knowing well ahead of data release at 5.1%
- PPI data tomorrow 530am EST
- bank earnings pre-market Friday.
- NASDAQ:QQQ & AMEX:SPY bear break, need SP:SPX to join SKILLING:NASDAQ tomorrow.
- still holding my AMEX:SOXS , shorting the NASDAQ:SMH /SOXX sector
Apple Is this market ready to break? This was a significant rebound, almost unimaginably unrealistic... 5-weeks of straight rallying through the tidal waves of bad economic news, rate hikes, QT, geopolitical tensions, ect...
Let's see what holds for August and September, which are two months that aren't great for stocks. If you do short, go to at least the end of September.
RSI and MACD are supporting a sell off. MA puts Apple at $160, and the Lower price of BB is $151. Was this a giant head and shoulder?
First shoulder December 2021, head at March 2022, and now the right shoulder at August 2022? Hmmm
CPI Data | FOMC Minutes | $QQQ tightening Range- Fed minutes Wed 2pm EST
- CPI Wed 530 EST
- PPI Thursday 530 EST
- added initial positions for AMEX:SOXS looking to add more if we get flat or lower CPI data then 5.1%. shorting the NASDAQ:SMH / NASDAQ:SOXX sector.
- we have been tightening up in an equilibrium since last Wednesday will very likely break tomorrow.
- NASDAQ:QQQ / AMEX:SPY will be using stair stepping candles as a guide to how to trade when data is release.
TQQQ - Resistance be Support [SHORT TERM]
- TQQQ has broken the floor of the rising trend channel in the short term, which indicates a weaker initial rising rate.
- TQQQ has broken up through resistance at 27. This predicts a further rise.
- TQQQ is assessed as technically positive for the short term.
Reversal?Potential reversal identified based on August price action.
We are at a tipping point for tech.
Weekly technicals are oversold.
MACD monthly remains negative.
Jobs report and further Fed hikes may amplify this technical analysis may tip the scales and send tech plummeting.
Good luck,
Opinion - not financial advice
$QQQ $SPY Full Bull control but its a little extended.- QQQ and SPY has a very strong bull move last 4 days with zero signs of bears but they move is quite extended and im looking for a daily consolidation to shape up
- If the consolidation is healthy the bull move will likely continue so i will be watching how the consolidation shapes up.
- SPY is approaching some key resistance around 410 area also potentially shaping up a daily H&S we'll have to see how it trades around 410 Next week
- i will be on team bull until bears show me signs of weakness during daily consolidation.
$NDX outperforming & held Fibonacci levels$NDX is still moving well
Fibonacci levels have HELD well many times since OCT
Originally when we called BULL
Next Fib level is 78%
The most likely target sine there is no MAJOR resistance along the way
12Month #NDX is interesting, no?
#stocks $QQQ $TQQQ $SQQQ
Daily $QQQ Market Breakdown, Potential Bull flags in Tech Sector- SPY and QQQ have been very choppy due to sectors rotating around may potentially continue unless we start seeing XLF forming daily uptrends and joining team bull.
- Or we see XLF / KRE go sideways and QQQ and SOXX/ SMH join team Bear.
As of now there are zero red flags for QQQ and SMH daily time frame so i am slightly more bullish in my intra-day scalp trades. Wont be holding anything overnight until we get a clear direction in the market i am open to both bearish or bullish trades just want a clear direction.
$QQQ $SPY BEAR LACK Follow Through, Key Levels to Watch- $SPY $QQQ bear had all its chances to bring QQQ down after a bear break this morning out of the tightening range we had in the last 4 days but bears couldn't follow through.
- Want to see QQQ Bulls gain back its hourly uptrend and break above 308 area of resistance.
- want to see XLF / KRE bounce for SPY & SPX to break out of its equilibrium bull. of course vice versa for the bears.
- zero red flags on the daily time frame for SOXX / SMH / QQQ
$TSLA Price Action Breakdown, $QQQ Future Price Outlook- $QQQ about to break its tightening range, this will be very important for TSLA,
- currently TSLA does not have enough relative strength to hold up if QQQ breaks bear. so it will likely break bear with it.
- Bullish pattern: Daily Inverse H&S Weekly Cup & Handle
- XLF / KRE gapped up nicely but bear took over after cash open.
2023 Looks Very BloodyStocks look poised to head sharply lower through the rest of this year. The banking crisis has been snoozed like your alarm clock blaring at you first thing in the morning. The thing is you only get about 5-10 mins before it blares at you again. More bank failures are coming. Most banks are holding treasuries with unrealized losses and myself and others are combing through balance sheets and finding weak players asking to collapse.
This summer looks very negative. My hunch is the debt ceiling issue is going to compound the bank crisis. There seems to have been no progress made at all between Republicans and the White House over the last couple months and we only have 2-3 more months before this becomes a catastrophe. Myself, along with many others, believed initially that this was a non-issue, but the charts are saying otherwise. Perhaps we should not dismiss this as impossible. It could be a black swan that's right in front of everyone's noses but they don't think it is worth inputting into their risk calculations yet.
The rally from the October lows is not impulsive. There is no wave count to be made that is bullish there and the upward action has cut back into previous highs a couple times so there are many reasons to believe further downside is much more likely.
It is going to get a lot worse before it gets better folks.
I hope you all have your seatbelts on and some money in Volatility.
There won't be a warning. One morning we'll just wake up and 6 more banks have announced stress and people will start freaking out. Volatility will spike 40% in a day and people will rush in.
Good Luck.
PINS ARE RE-SETTING- BUCKLE UPThe bear is done with the cigarette break and is about to come back strong.
I am seeing a re-start of the beginning of the correction, except with greater price magnitude.
SQQQ is oversold and the MACD is about to turn up.
Except an interesting next couple of weeks.
This correction has several months to go.
SQQQ could easily reach $50 and my most aggressive estimate is $90+ by the time correction hits bottom.
Good luck!
Not financial advice.
$QQQ Equilibrium In Play till Monday. $SPY need 1h trend change- QQQ Equailibirum key break will be Monday which will determine which way SPY is going to move.
- SOXX / SMH turning from lead bull into lead bear today, weakest sector since Dec 2022. May drag down QQQ if it continues. Will short this sector if it continues on SOXS.
- SPY bulls want to see a hourly uptrend form, Bears want to see QQQ bear break Equilibrium and drag SPY down.
- XLF / KRE gapped down and bounced all day, big enough bounce now for bulls to try to form an hourly uptrend, but before that bulls has changed nothing on the daily timeframe.
Long SQQQ @ $32.50As we come to a crossroads between a banking crisis, debt crisis and other catastrophic financial and geo-political events going on, SQQQ has set a new yearly low. I have sold my TQQQ and will start accumulating SQQQ at this price.
Our CM_Williams_Vix_Fix Finds Market Bottoms indicator is signaling a heavy floor in this area.
We just broke up from underneath our Keltner Channel, which is a sign of a potential reversal.
With SQQQ's lowest low being around 28.00 there is only so much support under us, but I do believe this is a good time to accumulate.
Our momentum indicators are showing a slowed movement in SQQQ's price move downward.
While the markets are extremely bullish right now, what goes up must come down. I believe this large pump is all a facade and we're going to see a turning point soon.
Conversely TQQQ is double topping and momentum indicators are showing a slower movement in trading momentum and volume.
We'll check back in as soon as we see this play out!
"IT'S A TRAP"Market appearing to regain momentum, but I think it's a trap.
Similar price action as when the correction began.
Resistance is strong 12,800.
The bear was taking a cigarette break as far as I am concerned.
Buckle up and prepare for the last leg (DOWN) of this correction.
I maintain an expected bottom of July 2023
Good luck
Not financial advice
$NASDAQ $QQQ $SPY closed near key resistance, FOMC 2pm EST- NASDAQ QQQ and SPY closed near resistance QQQ im looking at $311 daily time frame triple top.
- FOMC 25BPS tomorrow 80% chance, need to see in Powell's speech if this is our last hike or we get a pause, also information on the banking situation too.
- XLF is going to be key factor tomorrow for SPY's direction, went completely sideways today will break strongly in a direction tomorrow.
- i am slightly bearish here since we are right at key resistance but FOMC can change that in an instant, for ex we get a pause after this hike then we are very likely breaking that resistance if that happens i am bullish and going long.
KRE / XLF / QQQ / SPY Triple Top Resistance into Wednesday FOMC- KRE and XLF still in a bear flag territory, Both are closing in on their tightening range and will break very soon either tomorrow or Wednesday. we will get a lot of volume and volatility once this breaks.
- QQQ & SPY have a Triple top resistance, if XLF break bull SPY will very likely break that resistance, so will watching all 4 closely.
- FOMC Wednesday 0.25BPS is still around 70% chance, what bulls want to see is Powell saying we are pausing after this hike, Bears want to see more 0.25BPS hikes.