AAPL: 25% Correction / Liquidity Gap at $175🔸Hello traders, today let's review 12H price chart for AAPL/Apple.
This is advanced technical trade setup based on historic price fractal.
🔸AAPL currently entering distribution at the top stage with
distribution defined by the ABCD fractal. Same price fractal
was observed in the market in Dec21/Jan22 before a subsequent 25%
market correction in AAPL.
🔸ABCD ongoing distribution defined by range highs at 230 USD
and range lows at 205 USD. Once we complete the ABCD structure
expect a sharp mark-down in price / correction from point D into
point E near 175 USD liquidity gap / open gap will drag price down.
🔸Recommended strategy AAPL traders: Advanced traders may
short AAPL / buy May 2025 LEAP put options. No valid strategy
currently for the bulls, it's best to wait until liquidity gap gets filled
later in Q1/Q2 2025 before buying low at/near 175 usd.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
QQQ
ES Setting Up Excess Phase Peak Pattern - Stay Cautious Today.This price volatility has setup some very interesting price patterns on the chart. Particularly multiple Excess Phase Peak patterns on the ES chart.
My analysis suggests the ES must attempt to find support above the 5738 level, otherwise the ES (and NQ) will likely attempt to move downward into the #3, #4 and #5 stages of the Excess Phase Peak pattern.
This short video highlights how to use the Excess Phase Peak Patterns for your trading.
Stay cautious today. Price is very volatile and it is likely that we are seeing capital react to external news (again).
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
TSLA: 125% gains Best Level to BUY/HOLD 🔸Hello traders, today let's review 4hour price chart for TSLA.
Currently a mixed package overall with limited upside potential,
I don't recommend entering any buys at current price.
🔸Ongoing accumulation since May 2023, significant lows printed
in April 2023 / 2024, so I'm tagging April 2025 as a potential reversal
for TSLA / bottom buying near range lows totally makes sense.
🔸Accumulation range defined by range lows at 175 usd
and range highs at 255 usd. premium prices below at 145/165
and above at 280 and 305 usd.
🔸Recommended strategy bulls: expecting pullback based on measured move projection set to extend further down towards 175 usd. currently
trading at 250 usd, no entries recommended on buy side. This is a
trade setup for patient traders. may take more time to develop.
conservative target is 350 USD, so +125% gains off the lows.
🔸Finally, check out the TSLA related story below and let me know
in the comments section if you'd like to get more updates like this.
Don't forget to follow/like/comment, this is much appreciated.
Year 2030. Tesla coupe safely lands on Mars. Exploration mission
starts in April 2030.
▪️ In this fictional tale in 2030, Tesla founder Elon Musk and his wife Grimes make a historic landing on Mars, marking a new era in space exploration.
▪️ Upon arrival, they establish a settlement called "New Teslaville," aiming to turn it into a sustainable colony for future generations.
▪️ Their first day involves setting up essential infrastructure, including solar panels, an oxygen generator, and a Mars rover.
▪️ The next day, they plant a Tesla flag on Mars, signifying humanity's first successful landing on the red planet.
▪️ On day three, Musk shares a heartfelt message about the importance of space colonization for humanity's survival.
▪️ After a successful first week, they receive a message from Earth, indicating the start of the "New Mars Era" and their status as the first Martian settlers.
▪️ The couple ends their week by enjoying the Martian sunset in a Tesla coupe.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
SPY/QQQ Plan Your Trade For 10-3 : Reversal Rally DayOver the past few days, I've posted 4-5+ videos highlighting my SPY Cycle Patterns and how these help traders plan and prepare for future price action/trades.
Today's Reversal Rally pattern should prompt a moderately strong upward price move in the SPY/QQQ. I'm expecting the SPY to attempt to rally up into the 572-573 range today - maybe a bit higher. The QQQ may attempt to rally up into the 487-489 range today.
Gold and Silver are working through a Temporary Bottom pattern today. This pattern usually starts with a moderate downward price move (setting up a base) and then rolls upward. So, I expect Gold to attempt to move back up to the 2680-2685 level today, and I expect Silver to rally up to the 32.12-32.25 level today.
BTCUSD is stuck in the Excess Phase Peak setup's downward (rolling base) pattern. This rolling base will likely take more than 2-4 days to resolve before we'll start to see BTCUSD move into the FLAGGING stage of the Excess Phase Peak pattern.
This suggests BTCUSD will struggle over the next 4 to 7 days before resolving into a moderate uptrend (the FLAGGING stage) - leading to a make-or-break price move sometime near October 15-19 or so. That make-or-break move could be huge depending on how BTCUSD resolves the end of the FLAGGING phase.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
10/2 Friday will decide your crypto fate.Overview:
The AMEX:SPY opened lower than yesterday's close, continuing its bearish trend, but managed to recover and end the day in the green. However, the MACD on both the daily and 4-hour charts shows a bearish divergence, indicating potential weakness ahead. Tesla took a significant hit, dropping by 3.5% and ranking among the day's biggest losers.
NASDAQ:QQQ also saw a decline, though less severe, as it isn’t facing the same pressure from all-time highs as other sectors. Tomorrow, the FED will release the latest initial jobless claims data. If claims come in below the expected 220,000, this could indicate an improving labor market, which would make it harder for the FED to aggressively cut interest rates. So, if you want that rate cut, maybe submit that jobless claim!
BlackRock ended its 7-day Bitcoin ETF buying streak, selling $13.7 million worth of Bitcoin today. This is roughly half of the largest amount they have sold in one day, which was $38.9 million.
BTC TA:
W: The situation remains unchanged from yesterday. BINANCE:BTCUSD is still sitting below critical levels that could have shifted the trend to bullish. Geopolitical tensions and a strengthening U.S. job market are likely to keep the weekly candle in the red.
D: Wednesday's candle formed a red doji, with both the open and close below the crucial $61.4k weekly level. Early Thursday price action briefly touched this level before pulling back, confirming it as a resistance. The MACD and RSI are still working through the aftermath of the divergence seen during the bull trap, showing no signs of trend reversal. A short-term pullback to the $62.5k-$63k level is possible but more evident on lower timeframes. Neutral.
4h: RSI is in the oversold zone, and the MACD histogram shows the downtrend is losing momentum. It took significantly less volume to push the price lower to $60k, suggesting a potential short-term bullish move toward the BB MA at $62.5k.
1h: London traders triggered a mass sell-off in the last two hours, pushing BTC down 1.46% and rebounding from the $61.4k resistance level. Have you copied these key levels to your chart? The next question: Will $60k hold, or will it break in the next few minutes?
Alts Relative to BTC:
Major altcoins like SOL, NEAR, and ETH have all broken their lows and are heading toward their early September levels. TAO and FTM, which performed well last week, are not immune, declining by 7%. Only SUI is holding steady for now, but for how long?
Bull Case:
If Jerome Powell reports on Friday that inflation has cooled, it would confirm a slowing economy and pave the way for further interest rate cuts. This could spark the 6th bull wave, sending crypto prices soaring once again.
Bear Case:
This week could continue to see prices fall further, potentially marking the end of the 2024 crypto bull run.
Fear and Greed Index:
The index stands at 36.22, well into the Fear territory. Historically, when the index dips below 40, it's a signal to start buying some blue-chip altcoins, even if you're a day or swing trader. We recommend having a separate account for long-term investments. Remember: Be greedy when others are fearful.
Prediction:
If we can dodge the bullet of World War III and the market remains unaffected by major macro events, we could see a correction to the $62.5k-$64 k level.
Opportunities:
Short the last standing king of altcoins - SUI.
SPY/QQQ Plan Your Trade 10-2 End Of Day Review.For those of you following my research and SPY Cycle Patterns, this video helps to understand where we are within the SPY Cycle Patterns (and also the GOLD Cycle Patterns) while providing context and information related to future trends.
I suspect the price will follow my "Buy Here" and "Sell Here" levels very closely, as this week's price rotation seems very clear.
Most traders should have no problem trying to understand where opportunities exist after the recent Harami and CRUSH patterns collided into one bigger downward sweep of price. Over the last few days, the Israeli/Lebanon conflict became a focal point, and prices reacted to this news.
Now that the issue seems to have passed (a bit), the markets will return to doing what they do.
Watch this video and post any questions you may have.
The rest of this week should be a great opportunity for skilled traders.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade 10-2 CRUSH Pattern UpdateThe SPY is searching and seeking support early in trading today.
I believe this attempt to find support will fail, and the price will continue downward, attempting to find lower support.
Watch this video as price attempts to identify direction and trend.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
$CMG Ready to Add a Quick 8%?
NYSE:CMG has quite a few technical indications that it is getting ready to make a measured move to around $63 a share. Longer term $70 seems to be an area where this upcoming move may encounter quite a bit of resistance.
See the chart for notes. I am looking at this as being a “W” pattern and while the right side of the “W” is shallow, I think it qualifies “in spirit.” You can see the measured move I have put on the chart. And we have a series of higher lows and now a flat base to launch it’s next move from. If it fails here the stop should be below the most recent higher low, around 56.80.
I am long $CMG.
Ideas, not investing / trading advice.
SPY/QQQ Plan Your Trade For 10-2 : CRUSH Pattern TodayPlease take a minute to watch this video related to my SPY Cycle Patterns and today's CRUSH pattern.
Although I expect the markets to find support over the next 2-3 days and resume the rally higher, today's CRUSH pattern will likely prompt the markets to sell downward, looking for support.
I've clearly laid out the rotations I expect for the SPY/QQQ, and Gold/Silver in this video.
I've also shown why I believe BTCUSD will struggle to move away from the $57k to $61k level over the next 10 to 15+ days. It is likely trapped in a rolling base/bottom pattern, moving into the Flagging stage of the Excess Phase Peak pattern.
The markets are struggling for direction right now, but I believe the outcome for the SPY/QQQ is still bullish and I believe Gold and Silver will make a very big move higher into the end of this year.
Bitcoin is another story. It is searching for support and may break downward if this Excess Phase Peak pattern unfolds correctly.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
10/1 Bull trap is confirmed. Monthly level $64k didn't hold.Overview:
The AMEX:SPY started the day with a large red candle, erasing all of Jerome Powell's optimism from his speech yesterday. Early in the session, before the Federal Reserve even released its report, the market was already sliding, triggered by more-than-expected job openings. Within the first 60 minutes of trading, all of last week's gains vanished. Adding to the downturn, trading volume surged, surpassing yesterday’s levels, signaling increased selling pressure.
As is typical, the Nasdaq NASDAQ:QQQ experienced more significant swings, hitting its lowest point of the day, which coincided with the highest point from last Wednesday’s rate cut announcement. This underscores the volatility in the tech sector.
All eyes are now on Friday's unemployment rate report, where the market expects a figure of 4.2%. Should the report show lower unemployment driven by improving labor conditions, it may compel the Federal Reserve to keep interest rates high. Such a move could further dampen the growth of risky assets like stocks and cryptocurrencies.
Tuesday marked the first day of negative ETF flows for Bitcoin. Major players like Fidelity, Bitwise, and ARK Invest dumped approximately $250 million worth of BINANCE:BTCUSDT . Meanwhile, BlackRock continued its seven-day buying spree, leaving many to wonder: Do they know something retail investors don't? Or perhaps they aren't as "smart money" as often assumed? Only time will tell if loading up at the 60k level was a wise move.
Despite initial hopes, Bitcoin has not yet proven itself as a safe haven asset like gold or Swiss francs. In times of heightened geopolitical tension, such as the recent events in the Middle East, risky assets like Bitcoin and altcoins tend to suffer the most.
BTC TA:
W: In just two trading days, Bitcoin’s weekly candle turned red, dropping the price below the $64 k level, which coincided with both monthly and weekly resistance. Up until Monday, there was still hope for a potential fifth bull wave if BTC could recover the $64 k level after the initial drop. However, continued selling pressure wiped out any bullish momentum.
D: Monday's bearish prediction proved correct, with Bitcoin dropping by 3.98% on Tuesday. This sell-off is significant but not unprecedented, as larger price movements occurred in early August with losses of 5.70% on August 2nd and 7% on August 5th. Are we seeing a repeat of early August? September's first week wasn't particularly bullish either, with prices briefly touching 56.9k. Unfortunately, the current MACD setup looks eerily similar to the lead-up to the August 5th crash. Currently, BTC is hovering around the 61.5k level, which was drawn weeks ago as a key support.
4h: The RSI is now oversold, but the MACD has not yet shown any bullish divergence. There is potential for a short-term recovery to the 63.5k - $64 k level, but sentiment remains cautious. Short-term bullish.
1h: On the 1-hour chart, the RSI has started to rise, moving toward the 50 level, indicating a neutral stance. No clear divergences have formed.
Altcoins Relative to BTC:
Earlier in the week, altcoins were outperforming Bitcoin, negating any concerns of a bull trap. However, they have since retraced to their respective moving averages without front-running this recent BTC crash. Altcoins are moving in sync with Bitcoin, showing no major divergence.
Bull Case:
BlackRock could be proven right, continuing to buy at the 60k level. Should Bitcoin dip to the $58-60k range, they may accumulate even more, reversing the bearish sentiment and forcing retail traders to halt their selling.
Bear Case:
The fifth bullish wave has officially failed, confirming a massive bull trap. If BlackRock's strategy fails, retail investors may see a significant wipeout.
Fear and Greed Index:
The Fear and Greed Index dropped to 39, officially entering "Fear" territory. Historically, entering the fear zone has led to steep declines:
07/04: The market dropped 6% the next day.
08/04: A 15% drop occurred the following day.
09/03: A 9.25% decline within three days.
Prediction:
The bull run appears to be invalidated. After three weeks of growth, BTC is now likely to correct down to at least the 61.4k - 59.1k range by the end of this week.
Q4 Kickoff - US down, VIX Up, Oil Drama, China RipQuick video recap to highlight what's the latest and greatest in the markets.
Oct 1 - Happy Q4
US Big Tech in "big red" today
US Energy in "big green" today - thanks for a wild bid on USOIL
China continues to rip "green" and it's playing catchup quickly
US will have to deal with employment news, inflation news, earnings news, all before the US Election and Nov 7 FOMC Rate Decision (expecting another 25 bps cut)
Major levels to the downside if there's a US market pullback, FOMC lows, gap fills, and up trendline levels (50 period SMA, 100 period SMA, 200 period SMA) but we'll see
Stay frosty out there :)
Thanks for watching!!!
SPY/QQQ Plan Your Trade For 10-1 : Amazing Harami PatternI wanted to create a video highlighting some of the success my SPY Cycle Patterns have had over the past few weeks and months for all of you.
Many of you don't comment on my videos but follow my research intently. I see my videos getting 250 to 400+ views daily - so I know many of you are seeing my content. And that makes me happy because I'm doing this to help you become a better, more skilled trader.
Yet, after the last few days of price rotation, and particularly today's big news day, I'm absolutely amazed that if the SPY closes above 750.45, we may end up with a true Harami-Inside price pattern.
I want all of you to consider something for just a few minutes. My SPY Cycle Patterns are built on Fibonacci and GANN technology, which attempts to map out price patterns in a matrix. From this matrix, I can develop complex lookup engines (an inference engine) that attempt to map the current price pattern with known data from the matrix.
By doing this, I can map out any construct or type of price action/pattern that happens within price—now, in the past, or in the future. And, with my complex inference engine, I can map the Fibonacci/GANN structures nearly forever into the future.
For example, here are the SPY Price Patterns for the first two weeks in November 2036...
11/1/2036 Top/Resistance
11/2/2036 GAP Potential
11/3/2036 GAP-Reversal
11/4/2036 GAP/BreakAway
11/5/2036 Break-Away
11/6/2036 Carryover
11/7/2036 Inside-Breakaway
11/8/2036 Break-Away
11/9/2036 WeekendGap/WeekdayFlat
11/10/2036 GapUp-Lower
11/11/2036 GAP/BreakAway
11/12/2036 Harami-Inside
11/13/2036 CRUSH
11/14/2036 GAP Potential
11/15/2036 Top/Resistance21
What amazes me is that these patterns are predicted more than 3 to 5+ years before the actual price moves.
Like today's Harami pattern, I'm amazed that my SPY Cycle patterns could attempt to accurately predict a Harami-Inside price pattern 3+ years in advance of it happening.
I don't know anyone on the planet who can do this research and attempt to accurately map out future price trends/moves/setups like this.
Watch this video and see why learning to use my SPY Cycle Patterns is absolutely incredible.
I'm going to work on a QQQ version next.
Let's go get some profits together.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
$DDOG Wedging / Volatility Contraction Pattern (VCP)NASDAQ:DDOG gets an upgrade this morning from DA Davidson to “Buy” driven by strong cloud solutions and expanding security management. That could be a fundamental driver.
On the technical side, NASDAQ:DDOG has been basing for about 10 months and has now formed a VCP or Wedging pattern. That is the positive thing on the chart. The negative on the chart is it is below the 40-week MA in yellow and there is a downward sloping 50 DMA, red. Taking all these things into consideration I have an alert set on the upper downward sloping trendline. If it can break that I will look for an entry with a tight stop below the most recent low and just under the 50 DMA. All TBD.
SPY/QQQ Plan Your Trade For 10-1 : Harami-Inside PatternToday's video spends quite a bit of time going over the next 8+ trading days and why I expect the markets to continue to move upward - with the SPY targeting 595-605.
What is important to understand is that outside new events can disrupt my SPY Cycle Patterns. So, this new move by Israel to encroach into Lebanon may present some real disruptions in price activity.
But, ignoring that potential news suggests my price patterns will show price ultimately wants to melt upward.
My own personal opinion is the world has already discounted The continuing conflicts between Israel and these terrorist groups. I believe the world already knows Israel will do what is necessary to prevent further rocket/other attacks from these groups. And that's that.
So, I don't see it being a big distraction for the markets.
In fact, I see it as the natural order of how things must play out to reach a conclusion.
And I see the world's global markets moving higher as a result of these conflicts and the pending US elections.
Follow my research and ...
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
9/30 Market Surge: SP500, Crypto, and Whale AccumulationOverview:
The AMEX:SPY closed strongly today, spurred by dovish remarks from Jerome Powell during a press conference. Powell signaled that the economy is cooling and reiterated the Federal Reserve’s commitment to achieving 2% inflation. As a result, 61% of traders now anticipate a 1 basis point rate cut in November, while 39% expect a 2 basis point cut. The AMEX:SPY had been gradually sliding earlier in the day, but Powell’s comments fueled a rally, allowing the index to engulf Friday’s red candle. Trading volume for the SPY ETF more than tripled during the press conference, reaching levels similar to Wednesday, September 18, when the recent rate cut was announced. Bullish.
The tech ETF NASDAQ:QQQ didn’t manage to engulf Friday’s candle but still saw a solid rally, accompanied by trading volume that was 10x higher than usual.
BlackRock continued its buying spree, acquiring $72.2 million worth of BTC, which is below their usual $118 million purchases. Over the past six days, BlackRock has accumulated nearly half a billion dollars worth of BTC and an additional $100 million of ETH. Is this how whales are dollar-cost averaging into the market?
BTC TA:
W: BINANCE:BTCUSD saw a sharp sell-off originating from Asia early Monday. Despite this, it remains above the Bollinger Band MA at $62.8k. The point of control for the current bull move is at $63k, with key weekly and daily resistance at $64k. BTC must hold within the $63k-64k range to maintain the bullish trend; failing to do so could signal one of the year’s largest bull traps.
D: The recent correction has halted precisely at the point of control, where the most trading activity occurs. However, the RSI remains overbought at 73.4, and the MACD shows bearish histogram divergence. Bearish.
4h: On shorter timeframes, RSI has moved into oversold territory. Additionally, the VWAP oscillator has crossed above the 0 line, signaling short-term bullishness. A rebound to the $64.7k Fibonacci 0.618 level is possible. Bullish in the short term.
1h: Price broke through the weekly and monthly resistance at $64 k but is struggling to maintain this level due to significant selling pressure. Neutral to bearish.
Altcoins Relative to BTC:
Top altcoins have started pumping again after Monday’s correction. Coins like SUI, APT, and FTM posted gains of more than 7% by early Tuesday. These altcoins have proven that the recent correction was not a bull trap and are leading the market in this cycle. Even if BTC remains range-bound, altcoins could continue to pump, interpreting the situation as a non-bear market scenario.
Bull Case:
The bull trap has been avoided, and the market has resumed its uptrend. With additional liquidity expected from future rate cuts, the correction is seen as a temporary pullback. The Federal Reserve's dovish stance increases the likelihood of more liquidity flowing into speculative assets like crypto.
Bear Case:
The market may still be caught in a massive bull trap. Altcoin buyers at these levels could find themselves overexposed if the broader market falters.
Fear and Greed Index:
Currently at 47.89, the index has pulled back from the "Greed" area and is now just below the midpoint of 50, indicating a neutral sentiment in the market.
Prediction:
If BTC fails to reclaim $64 k , sentiment may shift bearish in the near term. Conversely, reclaiming this level could pave the way for further upside, with a first target of $67k.
SPY/QQQ Plan Your Trade For 9-30 : 2 Week ExpectationsThis video highlights two weeks of SPY Cycle Patterns and what I believe is the most likely outcome over the next 10+ trading days.
I urge traders to stay cautious as the current capital shift (related to the Fed rate cut) is transitioning. This is a process where capital is actively seeking undervalued and ignored global market sectors.
This transitioning process may mute some price action related to the US markets and forward expectations. This is almost a certainty related to the pending US elections only 30+ days away.
I'm suggesting the current melt-up trend will continue until a potential topping pattern setup near October 18-24. I still believe a topping pattern is likely just before the elections which will send the markets moving downward. Traders must be aware of this topping pattern's potential downward price move.
I do see a solid upward price move in the SPY/QQQ over the next 7 to 10+ days. There is a CRUSH pattern on Wednesday this week, but the next two weeks show identical SPY Cycle Pattern setups.
I believe this week will be somewhat volatile for traders. But the next two weeks will be rock solid to the upside.
Gold and Silver will contract a bit in early trading this week, but should start moving higher on Wednesday/Thursday. Gold will target $2750 and Silver will target $33.50-34.00.
Bitcoin is rolling, just as I expected, to the downside. I believe BTCUSD will fall to 59k-60k before finding support. I also think BTCUSD will stay rather muted throughout the end of this year (at least into and through the elections).
Here we go—another week of opportunities.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Stock Market | TSLA NVDA AAPL AMZN META GOOG MSFT AnalysisQQQ Forecast
Sp500 ETF analysis
Nvidia Stock NVDA Forecast Technical Analysis
Apple Stock AAPL Forecast Technical Analysis
Microsoft Stock MSFT Forecast Technical Analysis
Google Stock GOOGL Forecast Technical Analysis
Amazon Stock AMZN Forecast Technical Analysis
Meta Forecast Technical Analysis
Tesla Stock TSLA Forecast Technical Analysis
QQQ A Fall Expected! SELL!
My dear subscribers,
This is my opinion on the QQQ next move:
The instrument tests an important psychological level 486.76
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 468.18
My Stop Loss - 497.10
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
Opening (IRA): QQQ October 18th 430 Monied Covered Call... for a 424.60 debit.
Comments: Re-upping in the Q's after profit taking ... .
As with my IWM position, I'm not being as aggressive as I usually am from a delta standpoint. This is because I've already made money in the cycle and want to give myself a little more room to be wrong since we've had somewhat of a bodice ripper from early August lows. Selling the -84 short call against stock, resulting in a setup with a net delta of around 16.
Metrics:
Buying Power Effect/Break Even: 424.60
Max Profit: 5.40
ROC at Max: 1.27%
50% Max: 2.70
ROC at 50% Max: .64%
Will generally look to take profit at 50% max/roll out in-profit short call if there's a sell-off and the setup's net delta converges on +30.