cerealpatterns

cerealpatterns Updated 

semiconductors are on an upward trajectory,and a sell the news event has marked new highs in 3x leveraged semiconductor bull etf SOXL. as long as we remain in this uptrend the market will have no trouble with a third drive to the upside, but during which i would be looking for signs of exhaustion, as some kind of daily topwick could form around rhe $20 area. if we...

cerealpatterns

weve bounced off signal sss and qqe has printed a long entry, we may rebound a little btcusd as the dollar drops some with broader markets targeting the 23600 zone

cerealpatterns

i think a counter trend rally to the upside may attempt fractally out as bulls stutter in defense and eventually get fakedout in reversal from the lower timeframes up to the higher by fibo timezone 5, 8 and 13

cerealpatterns

weve hit overbought on the hourly, and nasdaq has consolidated above a pivot point marked out by the lower end of that early june range from the last rally. if we break down below that pivot i would look to bounce on one of the lower horizontals as support, and if we stay above that pivot i would target those upper horizontals until were overbought on the daily.

cerealpatterns

the nasdaq 100 is showing that it can reach for the highs, and is on the verge of breaking out above major resistance to levels not seen since early june. continuation seems likely, and i have critical levels of support and resistance marked out as horizontal lines where it may pause, or bounce. sss is green and qqe is long. if we get over one of these lines i...

cerealpatterns Updated 

weve only seen this low in uvxy 3 times, they were all this year, and they all happened with broader markets in a downtrend. all im seeing right now is buys on uvxy, and if the selloff continues with multiple sectors like xlf, xlv, spy, qqq, iwm, and especially soxl hitting new lows of the day at the same time its almost a guarantee that vix pops once again at...

cerealpatterns Updated 

sss signal has gone back to red kn the hourly, and if we loose mid 28s were probably headed for mid 26s. if we regain the uptrend holding mid 28s and closing over low 29s id imagine we will revisit those premarket highs hitting 30 soon.

cerealpatterns

this ideais simple. if we hold $20, we will break above $56.89 closing the gap left over from april 4th. what could be better? the doomsayers and prognosticators are all pointing toward recession, but where do you see the pain? its all in the past, and the worst may be behind us. only time will tell, but if this face ripper of a rally continues, bears will be...

cerealpatterns

SVXY has printed an outside down day and this usually marks the top in inverse vix. that means vix is in for a spike as weve seen begin today. normally indices make headway when vix is at the lows, but vix has been popping with indices failing resistance pointing toward a false breakout in broader markets. if we fly higher in UVXY breaking fridays high id imagine...

cerealpatterns Updated 

the reversal pattern is in if we close above the key levels marked out. we have tested this sentiment a few times in the past month, but each time its proven resistive. if that pattern turns green and we close in a bullish pattern breaking out of this wedge to the upside daily id imagine were in for the upper horizontals, and if we stay with sss and qqe in the red...

cerealpatterns

if the price keep riding signal lower, its a good chance were in for fresh lows. if signal goes green and price suddenly crashes through it to the upside its a good long weekly.

cerealpatterns Updated 

weve strongly supported a level twice but each time we were equally rejected as previous lows tested as resistance, slightly trending lower woth green days in red territory. themost likely scenario is if we retest recent highs as resistance, and make a lower high compared to a tightwning range over the past week or more. 25.82 is a lever to watch for a bull break...

cerealpatterns

SQQQ is having bull readings from qqe and sss signals strategies. holding 52.62 and breaking 53.78 would open the road to high 54s if signal remains green in the bear nasdaq etf.

cerealpatterns

we may get a second dip around this sss movingaverage as qqe has returned toshort, and a right shoulder may be forming around a potential 11952.5 neckline. sss bands have tirned red and indicate we may dip, but id imagine dips are still for buying unless we roll over

cerealpatterns

if we break out in tqqq above the 28.50 level, id be long targeting the 32.33 area. if we break down below 24.10 however id look to short it down to around 20.11. nothing fancy here but you can see we are on the verge of breaking out in the nasdaq, and if we fail this resistance area it will probably take us much lower.

cerealpatterns Updated 

SQQQ TRAMA and VWMA have turned up, and are following the price higher. stiff resistance in the nasdaq along the downtrend line has proved a supply area in the index is sapping momentum out of the bounce. the last time this happened we had a return to the bear market, and SQQQ saw gains of around 8%. id like to see SQQQ RSI get overbought before i count it out,...

cerealpatterns

a gap down in the nasdaq makes the most sense to me at this point, and i would guess that if we buy that up and defend the $23- high $22s we sould revisit TRAMA and get VWMA to change directions targeting high $23s - low $24s which is also around the .618 of the daily bounce retracement

cerealpatterns

using order flow analysis and a volume profile you can see that a lot of action around the upper 24s has led to a bounce in the nasdaq and TQQQ 3x is a great way of capturing that. if we hold $24.58 and break $24.81 we should see that $25.86 level again no problem. envelope is flattening out, so id imagine this bounce has legs as long as were not seeing outflow on...