thetrader1234

thetrader1234 Updated 

Looking at the chart, the selloff has gotten ahead of itself, falling faster than it rose. This will likely lead to a steep recovery in price quickly just like the other 2 times as depicted on the chart. Net, still see downside, but ill be grabbing some calls for about 1 week out.

thetrader1234 Updated 

After reviewing the QQQ chat for LONG term, it seems net neutral. It would seem that a 2 year high going forward has already been written. Looking ahead now, it seems to be bullish. IDK check my other analysis from March 31 when I said stocks were going down. I dont usually expect such nice timing, but all in it seems downhill. Long term, with inflation on the...

thetrader1234

Each time it has hit my upper orange predictor line it has dropped from there. I think it will break the blue 315 line and find itself at 300 here soon. I am not "short" because I could still see the head/shoulder I predicted a while ago, but it would be fascinating. Hedge accordingly. (orange lines are drawn before the stock's movement, blue lines are based off...

thetrader1234 Updated 

I made a few adjustments for the massive market volatility. It seems we are still heading lower. Market may stall/recover in these next few days, but I expect to be lower 2 weeks from now, short of any amazing news.

thetrader1234 Updated 

Looking at the QQQ chart, there seem to be 3 main ways it can go from now until mid April. It wont let me include an image, but look for the first bear flag or bull flag in the coming weeks on the 1 year chart. from there, expect it to continue until mid April. Feb - April should be similar trend bear or bull, but overall similar. Expect March to be potentially...

thetrader1234 Updated 

Did I publish this? I meant to yesterday, It goes along with my QQQ analysis. Not much to it, just a clear rejection line catching support at lower levels.

thetrader1234 Updated 

Looking back, not changing any lines, it seems the selloff is happening too fast. Orange is from before, I may add a new pink line in the coming days if necessary. It seems a little steep on the selloff. The market these past few months, except for April 6th, have not represented a true balanced market and that is concerning. looking forward longer term I also...

thetrader1234

We have been paying the price for exceeding the minimum trend set by the dot com bubble. All three main lines are parallel. It is also worth noting that there is likely support at various levels and a straight crash is not likely, but SPY really seems to have gotten ahead of itself and has a lot of downside / sideways trading left before the ups continue.

thetrader1234 Updated 

I just cant deny the fact that finding patterns is a real thing. It is just logical that the current downtrend will either become oversold and bounce up. It simply is most likely that it takes a bounce. I want the selloff long term, I say a year from now we are lower, but 5 months from now, we could be up 20% or down 20%. What I do know is that the stocks should...

thetrader1234 Updated 

The market looks overbought near term, especially QQQ. I dont usually post analysis unless it is compelling, and here, you have a head and shoulders pattern meeting another head and shoulders pattern on the potential last shoulder of the first, to bring about the last shoulder of the second. I am holding stocks, I cant predict the future, but I am hedging because...

thetrader1234 Updated 

Before you become upset that its a line chart, understand that it looks much more confusing with 2 sets of candles. How to make Free Money In The Past: When GOOG is higher than GOOGL, short GOOG and go Long GOOGL, when they meet exit both and take the payday. There is no guarantee they ever meet again, but if either of them should be trading higher, its GOOGL not GOOG.

thetrader1234 Updated 

It looks as though the SPY is beginning a head and shoulders, I posted this earlier, but I mistimed the first down by 3 days, so I have shifted my original arrows, and now have added a prediction for the second shoulder.

06:02

thetrader1234

Looking at support and trendlines real time can have a big positive impact on live trading success. Here, I live traded SQ and explained how.