- NASDAQ:QQQ SKILLING:NASDAQ rising wedge continues to be in play - NASDAQ:NVDA rising wedge looking to break soon - AMEX:SPY still relatively weak - volumes still low - over 180 stocks hit 52 week low today while market was green breath is bad
- NASDAQ:QQQ rising wedge pattern hitting resistance top this morning, - NASDAQ:GOOGL 's AI event helped market bounced off todays intra-day low - GOOGL talked about NVDA a little in its event making NVDA pop a little bit - NASDAQ:NVDA also close to its top of the rising wedge - CPI came in 4.9% estimate was 5% so came in slightly cooler - PPI and jobs...
- NVDA rising wedge resistance rejection, a lot weaker today - QQQ bounced off double bottom with yesterdays low - NASDAQ double top resistance still holds - CPI Data 5:30am PST tomorrow - PPI Data 5:30 PST thursday
- NASDAQ did not break 13370 last Mondays High even though QQQ did we want to see both break as a bull - AAPL completely sideways today - NVDA testing the top of my rising wedge resistance - SPY a lot weaker than QQQ potential lower high might set
- NVDA MSFT AAPL all near its key resistance levels - VIX likely setting a daily higher low and may bounce from here due to it being in historic lows - VIX is inverse of the market - CPI Data Wednesday May 10th 5:30am PST - PPI Data May 11th 5:30am PST
- TSLA looking to fill its upper gap - if we do fill gap looking back to test 186 resistance level - if QQQ can break to new recent highs than it TSLA will have a good chance to test 186
- AMEX:UNG AMEX:BOIL VANTAGE:NG Still trading within my falling wedge pattern is getting tight so likely breaking soon - Bounced off of quadrupole support Friday - couple of resistance level right above us may test the upper falling wedge resistance next week
- AAPL in sell zone now lots of resistance above it. - a little bit of a red flag was the huge move off the open and then complete sideways throughout the entire day - QQQ double top at its recent highs - SPY double top at FOMC reactions high - CPI data May 10th 5:30am PST - MSFT confirmed bull flag
- AAPL short under 170 long over 170 - Regular trading hour for AAPL will be key to the direction, lots of calls bought for 170 - SPY double bottom today key level of support - QQQ bounced off key support at 315 - AMEX:KRE made new lows XLF still weak
- FOMC Summary: 0.25bps hike today, Powell saying no cuts this year may made the market a bit red but he said that last time too. I personally think it was because market participants this time wanting to hear a pause due to it being so price in but he didnt say any of that so market went down. - QQQ bounce off of Key support yesterday but broke below today - ...
Red flag 1: SP:SPX & SKILLING:NASDAQ did not break close above Key resistance yesterday New fear low in AMEX:KRE regional banks, fear of snowing balling into something substantial NASDAQ:AMD poor Q2 guidance down 6% AH dragging NASDAQ:NVDA to break its 280 support. FOMC 11pm PST tomorrow 0.25 hike 90% chance. Shorting NASDAQ:SOXX in AMEX:SOXS
- Personally i think NVDA is overvalued but markets can stay overvalue for longer than you think and vice versa - if we do get a quick reversal here from NVDA than it would be a bull trap right no zero signs of that. - strong 15m EMA 12 guide for NVDA - NVDA outperforming SMH and QQQ - NASDAQ broke above resistance no follow through - SPX did not break above...
- Natural Gas falling wedge is my support and resistance guide - Currently Daily & 4h Neutral trend - 2 key support below and 2 key resistances above.
- TSLA trading in between 2 large gaps - which gap it will fill will likely be determine by which way NASDAQ will move to - NASDAQ & SPX closed right under Key Resistance - if we fill the above gap then we are looking back at 186 resistance
- Both SPX and NASDAQ close right under resistance - NYSE:FRC potentially get take over by government that means it would likely get delisted meaning goes to 0 - currently neutral daily trend for SPY & QQQ need to see consolidation soon. retracement size will be key here
- AMEX:SPY rejected from its pre-market highs and couldn't get over it then bears took over. - NASDAQ:QQQ forming another megaphone pattern on 4h time frame - NASDAQ:META Beat bullish earnings reaction - NASDAQ:GOOGL fades all of its earnings gains and went red NASDAQ:MSFT held its gains. - NASDAQ:AMZN earnings report tomorrow AH
- both AMEX:SPY and QQQ confirmed Daily downtrend. - NASDAQ:QQQ finally broke out of its 3 weeks range bearish but the AH bounce - NASDAQ:MSFT good earnings bringing all tech stocks up - NASDAQ:GOOGL decent pop but faded most of its gains - NASDAQ:AMZN moving due to MSFT decent cloud report
- 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