An Idea showing some of the best performing stocks GOOGL AAPL AMZN NFLX V PEP MSFT MCD I find it interesting how they are all converging to the same point. Do you find this observation to be bearish or bullish? Or nothing at all?
$NFLX - is it time to buy? Could be time to buy - we got triangle pattern, now I look at individual stocks whilst comparing it to the indices of NQ and I am bullish I am buying dips and taking look at FAANGS short term buy looks could be good opportunity. Q2 2022 earnings on Tuesday. Watch out Take care TJ
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
Although I biased bearish for the past year, the markets are clearly oversold and, furthermore, appear to be showing consolidative pattersn. FAANG index is also showing bullish consolidation. We have a falling wedge and a strong bullish RSI convergence. I believe the recent downturn was also an ABC move. So, in short, although we are down a lot, we have a...
Hello Fellow U.S. Investor/Trader, Here's a Technical outlook of S&P500! Chart Perspective S&P500 is forming ascending broadening wedge pattern after rejecting the resistance area. Furthermore, The MACD indicator created a death cross, which confirmed a potential downside momentum to the target area. There are also worsening macroeconomic conditions such as a...
Hello Fellow U.S. Investor/Trader, Here's a Technical outlook of NASDAQ! Support our content by smashing the like and follow button, you also can share your opinion in the comment section below. NASDAQ is forming the head and shoulder pattern near the EMA200 line. Furthermore, The MACD indicator created a death cross, which confirmed a potential downside...
Netflix Short Term - We look to Buy a break of 210.00 (stop at 158.96) The bullish engulfing candle on the daily chart is positive for sentiment. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. Further upside is expected to close the gap between 248.70 and 333.22. Our profit targets...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
Outperforming all indices to the downside. Bounce probably soon but nothing major if this is a C wave. Look for that 130 area and under by next week.
Follow up to previous aapl posts - Buy in June and enjoy the beach
Looks like 150 resistance area has held so far, also median line of this pitchfork I found. Target still under 130 by June1 unless they can rally over 150 by end of week, then it's something else.
NVIDIA Short Term - We look to Sell at 179.80 (stop at 197.51) The primary trend remains bearish. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected. Our profit targets will be 141.02 and 130.00 Resistance: 180.00 / 190.00 / 200.00 Support: 170.00 / 160.00...
Hello guys, hopefully you all traders are surviving this painful 2022. Well done if you survived , otherwise learn and move on. At the end, you will make it one day. Ok let's jump to the chart if you know me, Long term fib retracement in red, weekly in blue and daily in Pink. What did I do, I took the high and low from 2020, everyone likes to refer to...
Ideal short entry today. Down to 120 area by early June if I'm right. Panic selling hasn't started just yet.
Stock market and some big tech names I'm watching closely. Don't expect any sort of capitulation until 3500 levels. Hope you enjoy the video :)
The rush to bonds by the big funds will be breathtaking. As you may or not know I have been extremely bearish on big tech for a few months, now we are seeing that come to fruition. This chart is qqq divided by bonds (bnd etf). As this comes down, it indicates that bonds will retain or gain value vs tech. This may be the most important financial rotation in our lifetime.
MSFT today cut cleanly through a very important support line, as well as below the neckline of a massive Head and Shoulders pattern. Not much to say, it should look to retest the broken zone, and that would be an ideal time to go short, or buy puts with, preferably, two months to expiration or sell calls. In bear markets even the leaders take hits.
I'm thinking the indexes bounce and the baba baby with it. 109 after earnings likely if I'm right, with follow through over a few weeks it could retest 128 area and if it goes nuts, 150, but that's a long shot at the moment.