QQQ as it relates to IWM is forming a cup with handle formation. QQQ reached levels against the IWM not seen since the Dot Com Bubble, then immediately bounced off finding heavy resistance. Big tech has suffered at the expense of small caps since that time. If the cup with handle pattern is valid, we would see a rotation out of small caps and back into big tech....
Russell 2000 is coming into heavy resistance at 220. There is the 3.618 from the great financial crisis and the 1.618 from the Sep 2018 to March 2020 correction. In this chart, which is set to LOG scale, we have broken above the 20-year trend line for IWM. Given the heavy resistance at 220 (5% up from here as of today), the major trend line, and the fact that IWM...
If it holds the 1.618 from the previous all time-high to all-time low at 67.94, it's a buy. Daily closes below that level should be the stop loss. If it corrects to 48, buy with both hands.
70.26 is the recent correction 61.8 fib level. If it holds this level, buy. At this time at 75, if you are a believer in it, buy now. Stop loss is 67. The time is wrong if it gets below 70 for two daily closes. This has a lot of room to run until the 61.8 from the all-time high.
GDOT is coming into the .618 retracement from the recent high in 2018 and the lows of March 2020. It is following a nice trend line up as well. Look for it to break 62.90 before going long. Tight stop at 62 as if it can't hold the 62.90 level, the trade is wrong.
NLS has pushed against the .618 Fib retracement from the all-time high to the all-time low. It is also making a giant 15-year cup with handle potentially as well. Look for it to clear 28.53, restest and resume higher to buy in. It is forming a short-term bull flag as others have pointed out, which could be the catalyst that pushes it over 28.52.
Look for BTC to break $30,500 where there is significant resistance from Fib extensions and a long-term cloned trendline from the run up before going long. After 31k, be comfortable participating in this market cycle.
INTC is approaching the .618 Fib from the all-time high during the dot com bubble at 52. Also it is following a downward trend line it can't break since July 2020. Look for it to break that trendline, then hold 52 to buy. Note how it has held the .5 retracement from the all-time high since Dec 2017. Tight stop loss: If it can't hold 52, the trade is wrong....
Using the .618 from the all-time high to the recent lows, holding above 101 is a strong bull indicator for ABBV. Stop loss: below 100 the trade is wrong.
Based on Fib retracement from all-time highs, look for resistance at the 750 level at the .5 then 908 at the .618. Look for break above, retest and resumption at both levels to keep the bull market intact.
Holding 18 and the .618 Fib retracement from the all time high is huge.
Look for IIPR to get above 200 and resume up trend to go long.
1.618 from 2017 all time high and 2.618 from June 2019 high all stacked up a 30k. Break above there, retest and resumption up will be huge.
If LMT can get above and hold 375, which is the 61.8 retracement of the Feb 2020 correction, it will also break the upper trendline from the bull pennant formation. Stop Loss at 339: It has held the .50 retracement at 341 from the Mar 2020 lows to the Jun 2020 highs, which is bullish. If it breaks this, the trade is wrong. Profit targets: 417 (conservative)...
Alphabet has come back to retest a long term all-time trendline since its IPO. If it holds, look for resumption off to go long. We may already be at the retest, resumption right now. Profit target is at heavy resistance at 2050, which is the convergence of multiple Fibonnaci extensions. Stop loss is 1650 which is 5% from here. If it loses trendline support...
FB has formed a bull pennant, but it's also coming into 3 huge long term Fibonacci levels represented by the white arrow: 1) 1.618 from March 2020 correction, 2) 1.618 from the July 2018 correction, and 3) .618 from the August 2020 correction. If it breaks the 280 level, holds/retests and resumes up, go long. Potential profit targets: look for resistance at 305...
LTC is coming into a key level which is the convergence of the 61.8 Fib retracement from the May 2019 correction and the 1.618 extension from the Feb 2020 correction. Look for it to break and retest as support to go long at 121 as it did the week of 14 December at 84.50. Take profits at 146 (look for the same thing to happen as it emerges from a cup with handle...