We’ve got an interesting setup here! Price just closed in a 4-hour supply zone, but I’m not jumping in yet. No solid buy signal has popped up, which makes me think we could see another dip. There’s a gap lurking below that still needs filling, and I have a feeling we might head down to take care of that first. What I'm Watching: This week, my eyes are on the...
The percentage of stocks above the 5-day moving average hit 96% ⚠️ We have seen a cooldown every time the tech got this over-extended in a short period of time. 6 years of data on this chart suggest a meaningful pullback/correction is coming. Simple yet very effective. This time it's going to be no different. Image NASDAQ:QQQ CME_MINI:NQ1! AMEX:SPY INDEX:NDFD
NASDAQ:NVDA price is consolidating in a 4hr bear flag. Semis in general looking weak. Expecting a breakdown soon. Target 400/395
NASDAQ:AAPL Just a range breakdown and retest imo. Daily demand below. Expecting a one more low before a bounce. Bulls needs to hold that demand or 150 gonna come fast.
CME_MINI:ES1! CAPITALCOM:US500 CME_MINI:NQ1! CAPITALCOM:US100 Hourly consolidating in a bear flag. Incomplete bear count and looking for a one more low for Wave 5 followed by a big bounce. Not a buyer of first bounce after the big sell off. One more low and stop out early bulls and trap late sellers and send it higher.
AMEX:SPY SP:SPX CAPITALCOM:US500 CME_MINI:ES1! All downside targets met. Now it is time to see some upside action imo 📈 It was a fun ride down from the top. Almost down -10% in 2 months. Shorts are looking tired down here, and no interest in shorting now as long as the bulls are protecting the lows. Expecting a big bounce soon to fill the gap above.
NASDAQ:RIVN Daily printed shooting star on high volume after rejecting weekly supply zone. Also rejected high volume node. Massive volume gap below. Expecting a huge sell off as long as stays below 28 level targeting 16/15 support zone.
NYSE:BAC Lowest daily in over 3 years and a massive open gap below. Huge weekly uptrend breakdown. Expecting another -10% downside from current levels to fill the gap. There are very high chances that bank of america revisits COVID lows.
AMEX:SVIX AMEX:SPY SP:SPX CAPITALCOM:US500 CME_MINI:ES1! SVIX bear flagging and consolidating in a bear flag. SPY doing the same. Wave 5 next targeting new lows followed by a big bounce.
Daily bouncing off demand after a massive sell-off. Low holds, and we can see a small pump into daily supply above, where shorts can get another chance to short it with a target of new lows. Weekly looks like it's just working on a massive Head and shoulder topping pattern and should be resolved after the Santa rally. Will continue to update if there are any...
AMEX:SPY SP:SPX CME_MINI:ES1! CAPITALCOM:US500 Incomplete bear count and expecting new lows for wave 5 of W3 followed by a big bounce. Watching new high into supply above or flag breakdown to get a entry.
NASDAQ:AAPL Daily 21/100 death cross. Expecting low prices going forward.
AMEX:XLK Weekly structure changed, and the price is in a huge volume gap. Weekly head and shoulder breakdown and pops gonna get sold back down IMO. First target hit and is now aggressively approaching the big target, which is the massive volume node around 150 🎯
Weekly uptrend broken and printed bearish engulfing on high volume. Massive volume node rejection. The Price is now is a huge volume gap with a support around 13600. Expecting the pumps to get sold back down and retrace 50% rally from October lows.
Daily consolidating in a bull flag for wave 4. We will likely see new highs on this name, followed by a big pullback soon. 179.32 breakout level with a target of 183 187 where we can see some fresh pool of sellers showing up and pushing the price down back into 150s.