JerryDaniel

JerryDaniel

The potential upside for SPY could be around 1% to 2.5%, pushing it to the 590-600 range. However, with the market in overbought territory, signs of an ABC correction are starting to emerge. This correction could lead to a 5% to 10% decline, potentially stretching into the next year. Despite two years of strong bull market gains, we haven't seen a significant...

JerryDaniel

With the upcoming election, geopolitical tensions, and economic uncertainty, could the current bullish trend turn into something more alarming, like a black swan event? While the chart shows strong bullish momentum, I'm noticing a rising wedge pattern, and the 572 level is critical. If that doesn't hold, the 566 level should act as strong support. However, if that...

JerryDaniel

So TWTR is a downtrend and bears are in full control over the stock for a long time now and it's overdone. It starts to fall without any mercy since Oct and it's down 36% from that month without even a dead cat bounce What I noticed is that -41-42 is holding as it double bottom around that price range - a relief rally or dead cat bounce is going to happen...

JerryDaniel

From Sep 2 FB is on a down trend but recently it is gearing up for the bull run. If FB able to move beyond 344 range, it will hit all-time high in no time I'm counting last week and first week of Jan to have this bull run. If that's not going to happen then it will go side way till Jan 23 Earning then the earning will decide the future of FB.

JerryDaniel

FB is already gone through a 20% correction when tech like apple or Netflix or MSFT was hitting an all-time high. Few reasons were - the uncertainty of how much resource is allocated to the new projects on Meta's - technically once your downtrend low volume selling will keep you down if you enter a downtrend of more than 10% - low volume selling is not...

JerryDaniel

This level has to hold around 304-307 if not then it might go down below 300 to 295ish

JerryDaniel

PYPL - is already on a bearish trend It has gone below 200MA and the last time it did was the Infamous 2020March crash. Last time it finds support after 24% (below 200MA) and this time it is already gone blow approx 10% below 200MA and the support line is around 212is which again another 9.45% down from the current level. Also, RSI is around the support...

JerryDaniel

This is nothing to do with Chart anymore, its politics and Chinese pressure on the big firms. Technically speaking it should hold around 145-150 range, but this could change in an instant if there is positive news from China.

JerryDaniel

This chart is from last Aug to this Aug. Last Aug SPY went up to break the upper trend line till Sep 3rd with similar low volume but from Sep 3rd it went to a correction of 10% -11%. This year we are in a similar setup, SPY pushing higher with low volume and the upper trend line is about to break we could see SPY hit around 460+ by Sep first week before we see a...

JerryDaniel

Not sure if this going to happen but let just see since the 2011 SPY has had a smooth sail even through March 2020 correction it followed the upper trend line and slowly going at an angle with a decent gain but now the upper trend line has broken it went up straight into a steep angle. To respect that long-term move, at some point in the future a correction of...

JerryDaniel

If SPY keeps on going to the moon, when it comes to selling off we could see a 10-15% drop. When Dow is dropping Nasdaq is taking over this switch is pumping the SPY. Not a healthy trend, if we look at the weekly chart every indicter shows that market is overbought and very expansive. Still not have the courage to short the market but keeping cash is the...

JerryDaniel

Interesting could it go up or fail like Apple

JerryDaniel

Nasdaq might test the support which looks like 3% down from at present level. Market sentiment is against Tech, which is pulling down the Nasdaq. Unless ppl start to see potential in Tech this carnage will continue. Long-term NASDAQ is gearing up for a bullish trend in a high-interest rate market.

JerryDaniel

Nasdaq is showing uptrend support on the daily chart. so today's correction is one leg down if it holds then we can see an uptrend.

JerryDaniel

Looks like apple slowly finding some support and showing a trend reversal. As the earning is going to be released on April 29 Apple might start to reverse it down trend. Possible price target before earning 150+ ? ?

JerryDaniel

IS THIS POSSIBLE ??

JerryDaniel

sometimes you have to zoom out and look back. with this, I strongly believe NASDAQ might have another 3% downrange around 11979-12K