Sorry about the messy chart, but I will try to explain my thought process when looking about where we are headed. If you go back and watch our videos/updates from the past couple of weeks, our consistent target has been 330 for the QQQ. We went above that, and I said that the optional target now is 350, in the event the rally continues. We put a top in around...
What a week for the overall indexes, alot of action to the downside, but a promising close on Friday to potentially show some signs of life. Though we did make a lower low, below the 311 level, the double bottom pattern is still "fine" per say, but some positive divergence would have been nice to see. Going into Monday, and the next week, looking for a break out...
Definitely has some potential, considering the solid hold of the support part of the trend channel. I do have a position in this, so please note that I am biased to some regard. If the previous low can hold, then the target will be around the 28-30 range. Disclaimer: The proceeding content is informational only and based on information available when created. It...
Considering QQQ's volatile activity the past couple of weeks, I would like to break down a couple factors I am considering for this week's overall outlook and the weeks to come. First, long term, I still believe 350 is our number to reach. Based on the extensions we have projected, I still think we have more room to go to the upside. Second, in terms of today's...
On today's video, we discuss the trend change in the Qs (short term), and how the outlook has changed going forward for the next couple of weeks. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial...
After earnings released for Palantir, decent move to the downside, posing a better opportunity if we are still bullish overall. Based on where the stock has been during the Gamestonk hype, I believe a return to the previous high is a potential, if not exceeding the previous high. Disclaimer: The proceeding content is informational only and based on information...
Chart looks very similar to the NASDAQ in terms of how high it has gone off the Feb highs. Considering this bullishness, I have drawn a very shallow wave 2 retracement once the 5th wave has filled out, and also from a fundamental perspective, countries like China are recovering at a much more rapid rate than compared to the US, for example. The wave 2 retracement...
I have a position in some individual names, but am using the ETF as an indicator of the overall sector. Looking bullish coming off the lows put in earlier in last week, potential 1-2 start of the lows. Target is the previous high, but if we clear the previous high, potential to continue rally. Also just considering the amount of volume and interest in the...
More of a trend analysis rather than Elliott Wave, but just looking historical, IPOE seems to have a strong bullish move when approaching the bottom of the trend channel. Looking for maybe 1 dollar lower. Positive div on the MACD is also constructive. Disclaimer: The proceeding content is informational only and based on information available when created. It is...
On today's video we discuss the indecision and corrections we are beginning to see in the QQQ etf and overall market, and how that can potentially play a factor going into the next couple of weeks. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal...
Compared to other Lithium names, this one has relatively been dormant. Considering the fundamentals behind EVs and the need for Lithium for batteries, this has potential for a multi-year, potential multi-decade play. Technicals also look good for a 1-2 start, looking for a slight pullback. I personally do not have a position yet, but this is definitely something I...
XL has been trending sideways for some time now, as long as the previous lows / consolidation range holds, potential for a bullish move is still on the table imo. In not entirely sure about the fundamentals of the company, but I believe it is an EV play, so there is definitely some potential from a fundamental standpoint. Disclaimer: The proceeding content is...
Unlike some of the other bitcoin names that have cleared the previous highs by quite a bite, HIVE is still lagging behind. If BTC begins to pick up in the next couple of days, could have the potential to begin some more moves to the upside. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an...
On today's video we discuss Bitcoin's all time high, as well as Papa Elon and how TSLA could perform over the next few weeks. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives...
On today's video we talk about the critical resistance the QQQ is approaching, as well as the metals and overall expectations going forwards. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial...
Potential for a 1-2 start in XSPA , if previous low holds, and/or consolidation remains flat, any move to the downside invalidates the potential for a bullish case. Target for the 5th wave is 8. Also some positive divergence on the MACD which is supportive of a bottom in place. Disclaimer: The proceeding content is informational only and based on information...
AMC looks like it completed 3 waves off the high from the yolo pattern we saw earlier during the GME rally. Potentially could be beginning a 5 wave move to the upside after the rally today, target for a pullback is sub 8. Target for wave 5 is around 16. Disclaimer: The proceeding content is informational only and based on information available when created. It...
Like we have been talking about in past videos, the target to get to is 330, for a potential retest of the resistance zone and a turn to the downside. Targets on the downside are 270, but ultimately a decision will have to be made at the current level. Either we see a sharp turn back to the downside, and potentially seal the deal on a double top, or we continue to...