QQQ couldn't stay above $280.63, a major support, yesterday and closed below it on the daily. QQQ has some more downside. There's always a possibility we can see Covid lows due to this recession period. Interest rates are getting higher and higher which means less people will be able to afford to buy homes, the housing market will be seeing some downside too in...
QQQ has been trying to break and hold it's new resistance of $290.55. I also see a bearish diamond pattern forming. I will be entering in at $291.55-289.62. I will wait till after 12pm EST just in case there is a retracement. It is now 11:29 am EST 09/20/2022. Jerome Powell will also be speaking later this week so I will be holding this until Friday. I am...
Spy gave us a ride earlier this week lol. I lost 43% but made it back on the ride down. Gotta love the stock market. If SPY closes under $389.92. Entry: 391.90-389 1st target: $385 2nd: $380 Always a chance of a bull trap but this chart is breaking down. Beware and set a S.L
MMM hit it's resistance of $125 but, couldn't break it. Bull trap seems to be over. I am in a put. My entry was $123.30 Entry: 123-122.85 1st Target: 117 2nd target $115 I put my S.L at $124 I believe it'll hit this resistance this time.
If SPY closes under $389.90 we should see $380 in the next 14-30 days. Entry: 389.50-390.50 S.L: 392.11(If it hits this, i'm getting out and waiting to get back in at $394.05) 1st Target: $384.95 2nd Target: $380.92
Spy has been downtrending for the past week so I don't see it breaking the trend it's making any time soon. Entry: 397.61-399 1st Target price : 394.05 2nd Target Price:$389-388. I believe we'll see $380 in the next 30 days. The stock is downtrending overall. Be aware of possible false breakout in the next coming days to $401-405 Get in when you feel is right
Ford has been in the consolidation stage for the past 30 days. It seems to be reaching the descending stage. ENTRY: 14.89-14.95 1ST TARGET: 13.66 2ND:12.04
I think this is a great short. Entry: 55.80-56.03 1st Target Price: $49-48 2nd Target Price: 43.50 S.L: low 57s(57.00-57.50)
The market looks bloody this week. Im done with siga for this week. I'm looking at SPY for a put atm.
I'm buying a call if it closes above $22.65. 22.65-23.00 is a good entry point. MUST close above $22.64 to gap up to around $25-$26(Good exit price)
This stock has been downtrending all year so it may have just found it's support but we need to wait since there isn't much data for this chart to go by. If it closes below 29.30, it'll break lower to $26.30 If it closes above $29.90, it'll go to $33.19
If this closes above $40 today, we may see $45-48 😁
EDRY just came to the end of its double bottom and now i'm watching the build up. I'm waiting to see what it does after this build up/accumulation time. We need to be patient to see whether to go long or short, in a long-term position. To short: It needs to close under $15 on the daily chart for a short to $11. To long: It needs to close above $21.50 on the...
I want to update my chart for the records. I had to update my support and resistances. RCMT hit its resistance of $28.82 and has now been downtrending for a couple of months. It's still in the descending phase. It's breaking below $17.50 today so, I don't see it gaping up and going crazy. I'm going to buy a PUT at the price $17.80-17.30(safe target price area)...
RCMT hit its resistance of $28.82 and has now been downtrending for a couple of months. It's breaking below $17.50 today so, I dont see it gaping up. I'm going to buy a PUT at the price $17.50-17.30(safe target price area)
I wanted to show an updated chart for Ford. I do see it pushing up some more and staying on the yellow trend line I drew. If it closes above 16.59, on the daily chart, it will most likely will go to $19.12. It it closes under $16.59, we can see a little downtrend back to $15.50. Im neutral for now. I'll be watching to see where this closes today.
Dish has been accumulating for the past two months. It looks like it is about to enter its advancing stage so it needs to close above $20.35-21 on the daily chart to see it go to the next resistance of $23. I believe it's up from here but, we'll see. Wait till it closes above $20.35-21
Pega seemed to have reached its bottom for the past 5 years. I do believe that if PEGA closes today above $43-$43.15 on the daily timeframe, it will head to $47-50 this week.