jakelikesstocks

jakelikesstocks

I hope you all are having a wonderful Saturday. This is an attempt to give context to recent price action, and a technical analysis chart to support the theory. My goal is to get thought provoking ideas that may help to give some context on what we are experiencing in the markets. NASDAQ:QQQ

jakelikesstocks

Hi All! Spotted something I wanted to chart out for you all to see. Quick Update: Since we had our huge sell off in September, we really haven't traded much between 286 and 291. Sure, we did fill in the gap between between Oct 15th and Oct 19th but when we look at the larger time frame, we realize we've only traded in that area just 4 out of the last 65 trading...

jakelikesstocks

To help understand the technical analysis. I've also added a volume profile to the right side to show how many contracts have traded in a certain area. When there is low liquidity at certain price levels, price can easily jump that price into a new range, in our cases we created a few gaps. What happens is usually price will retrace to those levels to fill them...

jakelikesstocks

Hello, Here is an updated SPY chart for everyone to consider. My analysis is on the chart but here are a few things I'm concerned about Bull Concerns: Bulls got news today but wasn't able to break a crucial technical level. (350-351) We have several gaps from our parabolic move that we will need to fill. It looks like we may be respecting a technical downtrend...

jakelikesstocks

Spy looks to be in a tough position here at 3515-3525. It's trying to break through but on the 15minute chart, this attempt doesn't have as much behind it as it did earlier in the day. This could possibly show the bulls are losing their momentum. However, if bulls are able to recapture that momentum via news break or technical break, we could be looking to make a...

jakelikesstocks

Over the last few days, we've seen a massive run up in the equity markets. This has been fueled by a potential "nirvana" situation for the stock market with a D-House, R-Senate, D-President. However, Trump is clearly going to fight this and take this to court, which could take months. This could apply pressure on the markets as we become unsure of who our next...

jakelikesstocks

Hello, Here I've analyzed the PCCE (Put/Call Ratio Equities) in the monthly time frame. Something extremely concerning is taking place for the coming months. We are close to hitting .45 on the put/call ratio which is in extremely overbought territory. What this means is when we are in this level, all of the buying power in the market is already in the market. We...

jakelikesstocks

Quick update on how ZM opened up today. It looks like we are breaking out of one of our biggest concerns, the rising wedge we developed over the last few days. I'll continue to update this chart as it looks like we could be regaining our important trendline structure. NASDAQ:ZM

jakelikesstocks

Here's a brief analysis of the spy on a 1 hour time frame. Recently the bulls have been in control, but are they over extended? We have been in a downtrend for quite sometime. When we finally broke out of it we gapped down and began forming a cup. Right now that cup is extremely over extended and our MAD indicator is showing the beginning of a trend change to the...

jakelikesstocks

Today Zoom had a huge day which indicates this stock may remain strong no matter who is elected. This is may attract more buyer attention as people look for safe stocks. However, it's been considered this stock is overvalued. With the recent 25% sell off and possible stay at home orders on the horizon, we might see investors start piling back in. My analysis is...

jakelikesstocks

In this chart we are using the Moving Average Delta (MAD). The MAD calculates the difference between the price and the moving average. Using these two data points helps us see price movements that are normally difficult to see. The MAD may signal a trend change when the line begins to turn toward 0, the steep of the curve represents velocity of the movement. ...

jakelikesstocks

The bulls failed to capture 338 which had become an important intraday level for them. After rejecting for the 3rd time, that's all the bears needed to hop in. Since then the bears have maintained their control but they have work to do if they want to take us negative for the day. Price action will likely remain volatile through close but I don't expect the...

jakelikesstocks

Zoom might have reached the bottom of their sell off, however we should be cautious entering positions with the current set up. We have the bears and bulls fighting for dashed green trendline. So far, the bulls have been able to buy up the green zone, however, even though we see a small uptrend over that last few days. We have a negative delta divergence on the...

jakelikesstocks

Today we've seen an impressive case for the bulls on that last day of the Election. This has been a great performance from the bulls as they continued to push price higher and higher with little resistance from the bears until we hit 338, about an hour into market open. Bears gained a little control as bulls rested and look to be preparing another rally, trying to...

jakelikesstocks

Futures opened up green but have been inside of a rising wedge. Usually these breakout to the downside, which played out beautifully here. For now it seems the bulls have lost their momentum but as I was typing these we even started breaking down further. My next target is my marked support. We could get bigger moves now.

jakelikesstocks

@cptWORLD Gave some great insight on zoom so I went back to review and adjust accordingly at the the end of the day. The bears failed today which I wasn't expecting until the last green trendline. This made me adjust my buy zone up slightly to 430-455. However, we need to see tomorrow and over the next few days how price reacts to this trend. Right now we are...

jakelikesstocks

Here we have several bull patterns on the dollar futures. First we established and broke out of a bull pennant, Then we moved onto another bullish pattern, inverted head and shoulders, and now we've developed a cup. Is this a handle that formed on the cup? Whichever way you look at it, this is very bullish price action on the dollar. What I'm looking for is...

jakelikesstocks

Hello, I've been charting the VIX as we have entered an unusual uptrend. I didn't notice this until a deep some deep analysis and found the confluent trendline that has been keeping price down on the VIX. Well, we broke out of that pattern and are attempting to reestablish bull trendlines. I'll update this daily until the charted trendlines are no longer in...