Welcome to SPY weekly. I have discussed the levels where you need to trade and go long. If you have any doubts feel free to DM me
NOTE: TRADE AS PER RULES
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** QQQ Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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- SPY 1h &4h Equilibrium likely breaking in the next 2 days
- QQQ rising wedge getting really close to end of its pattern, continues to trade its the upper resistance of the rising wedge
- Retail Earnings Week
- Core retail sales data tomorrow 8:30am EST
- SPY and QQQ have been very choppy due to sectors rotating around may potentially continue unless we start seeing XLF forming daily uptrends and joining team bull.
- Or we see XLF / KRE go sideways and QQQ and SOXX/ SMH join team Bear.
As of now there are zero red flags for QQQ and SMH daily time frame so i am slightly more bullish in my intra-day scalp...
- XLF holding triple bottom support 15m, holding above yeseterdays low bounce off of it 3 times today, first initial sign for the bulls. Now bulls need the hourly trend change for XLF back to an uptrend to help SPY
- QQQ's drop may seem a lot today due to how fast we pulled back from the morning but we are still way above 0.386 fib retracement on daily therefore...
- CPI data tomorrow will likely determine if we can break that triple top on QQQ
- money rotating around today to tech sectors no a complete FEAR day where money is leaving the market.
- KRE / XLF ETF needs to bounce for SPY to bounce
- 0.25bp current priced in at 62%, and a pause at 38%
- if we break that triple, im looking for a daily bounce and would liking...
- After this mornings hourly bear flag with no follow through from bears bulls try to play defense and we had a megaphone pattern play out in the morning.
- QQQ was holding SPY up for the entire day, then the last 30mins bear sectors in SPY joined Bull sector QQQ.
- need to confirm a hourly uptrend to set the daily higher low for bulls.
- would like to see...
Last week i mentioned the 15m 12 EMA guide for holding onto profits for both SPY and QQQ which we bounced off again this morning. After we broke the 15m 12EMA today i took a day trade on SQQQ and sold it close to the end of the day because we are still in a strong hourly uptrend and I do not want to hold overnight playing countertrend.
Notes:
- still need to...
A deep technical analysis as to why I took profit on my 8000 shares of TQQQ and some mistakes I made on my trade that I could of done better.
- Also what to look for on Monday, Monday is likely a buying the dip opportunity day for the next move up on SPY and QQQ, i explained what we should be looking for to be buying in again.
- the weekly higher low is set and...
Yesterday I talked about how bears had no follow though at market open and bulls took over after we broke above resistance and that we will very likely get another bull move today higher.
- Both SPY & QQQ were trending on the 12 EMA super strong and did not break below it at all
- bull 100% comfortable holding their positions throughout the entire day with zero...
Yesterday i talked about 3 scenarios where one of them was we break below the double bottom support at 290 area for QQQ and bears have no follow through and we V shape.
Essentially its exactly what happened bears had a nice overnight drop and pre-market control, the moment market opened bulls took over filled the gap within the first 30minutes.
- Red flag for...
This is a quick update on my investment in Marathon Digital Holdings, Inc. -
This video shares my experience trading MARA as a retail investor.
The markets have shown to be quite volatile in the past weeks and many people are speculating that due to inflation, negative GDP growth and the FED's policies along with the repercussions of COVID lock down and the...
Q's looking weak going into this week and max pain presenting itself. Ideally would like to create a higher low on the macro level to find a generational buy and bounce back to last weeks highs. Traders gonna trade and levels are in the video! Good Luck!
