Previous supports (green circles) are acting as resistances for the price to go up vs 3 previous resistances (red circles) that could act as support once breached the trend lines 20EMA & 500EMA acting as a dynamic resistance at the actual level The rejection candle today indicates that the price is not holding and a possibility to get to the lows again Bull trap?...
Analysis of QQQ to both scenarios in the short term
A long video... but this levels really could help you to read the actual market This is not financial advice, only my analysis & ideas Trade by your own knowledge and risk management Happy trading
After today's big pull back the NDQ Daily Candle closed below all other previous candles so the price is to continue to go dow at the next dynamic support of the daily 500EMA & 500SMA, maybe a little run to previous resistance (green line) but my target is the red box and support at 13200... This is not financial advice, only my ideas and analysis Trade by your...
Until closing the week filling the GAP... Then completion of the double top pattern... FIGHT! If the BEARS wins... to the bottom of the channel If the BULLS wins... to the resistance were the double top was broken This is not financial advice, just my ideas... Trade by your own risk management and knowledge Happy trading
After this AMAZING 16.5% in 11 days rally QQQ should correct to 350 and bounce to 365 if the BULLS win a that level an uptrend for next week but if BEARS win the next target could be 320... This is not financial advice, only my analysis and ideas... Trade by your own risk management
Touched twice the uptrend channel and it´s WAAAAAAY above the weekly 20EMA so it is likely to back off a little to te previous channel support at 100 This is not financial advice Trade by your own risk management Happy trading
Just breached the resistance completing the double bottom pattern Next target could be 21.50? This is not financial advice and it is posted for education purposes only Happy Trading
An update of my first published idea with trend lines since 2008 and the actual EMA´s and SMA´s to match them So the 50EMA was breached in the weekly for the SP500 so the next stop is likely to be the 100EMA... Trend lines could help you see "THE BIG PICTURE" over the years from past support & Resistance levels to make your own conclusions and analysis This is...
A breve analysis from SPY and how to play with the EMA indicators to match some of the previous bottom lines and fast recoveries This is not Financial advice and it is made for educational purposes only Happy trading
The head & Shoulders pattern is difficult to become effective and more difficult to be complete in a 100% range, so (in case this H&S could de effective) the 80% could be more likely to complete... giving a second DIP at 400 (Aprox) making the GAP filled from 2021 and making a QUICK comeback taking all the Stop Losses (again) like Jan 24th and Feb 24th crossing...
If the Green Trendline is breached then maybe you missed the DIP, but will you SHORT it? The MACD indicator shows Bullish as there´s a crossing comming... but the Trendline resistance could be too much... What Do u Think?
Until passing to the right side of the green Trendline we are still in a downtrend, just an idea and this is not financial advice, happy trading!
Dividing the SPX/NDX is the blue line and compared with the NDX (Orange line) SPX/NDX shows the correction in the .com bubble 2000 at same level of support than actual market... Just my idea, but the graphic is self explanatory
If today´s closing is below current support the next support goes down to 23,800, the lines shows the dynamic resistances met
After breaking the 4120 support for the first time the correction could be to the next average support trendline making sense with the weekly 20EMA probably bounces up in the 200SMA in 4050 aprox as a dynamic resistance, but it doesn't appear to have much past structure to hold it to keep forward
When breaking the green line the market corrects since 2008, In this moment the green line is way passed and the new limit for support could be the bottom blue line, just highlighting the similarities between the 2020 market in March and 2021 March