I wager #TECH is still the place to earn better gains going forward. It also doesn't carry the risk of #Financials and it is not dragged down by slow growth "stable" companies like utilities. Bleeding edge has always been the place to grow your money and with #AI manifesting itself for the next wave of user growth along with #CRYPTO you need exsposure to...
QQQ is under pressure on this path. I will looking for a short under the support! These are the keylevels to watch for a scalp trade. But carefful beacause the trend still bullish for now.
... and there is momentum indicating that there is more downside, extending beyond the last low. Weekly chart ended the week with a marubozu type candlestick where the close is at or near the low, suggesting downward momentum is strong. This is seen in the daily chart where the breakdown occured on Thursday and strongly pushed down to then Friday very near the...
Same story again and again for qqq's. Let's see if it will play out.
Just an update that a few technical and correlation points suggest that the NSDAQ is likely to break down below 13K. First up, the breakdown from the consolidation zone was very strong with a gap down and runaway to form a long down candle. No lightening of momentum observed yet. Next, there appears to be a potential for crude oil price spike. In order for such...
In a follow up analysis of the recent favourite, the NASDAQ futures NQ1!, it appears that a possible higher low above 13K has been registered and it is now consolidating below 13,360 (yellow line). Any effort above has been met with swift downdrafts (red ellipse marking the upper tails). If this continues, a breakdown below 13K is expected, and currently is...
Gap and Trapuibto the Larger Correction. QQQ's remind me of the Tesla's that abruptly apply Brakes for no apparent reason. Speaking of TSLA, let's see if they can Jam it higher to 996. We will be SELLING Tech on any further Impulse Higher to the SELLZone. ____________________________________________ Prosperous Trading - HK
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STILL LOOKS HEALTHY don't you agree??? Comment yay or nay
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The trend line has been tested 2 times before and after the test the trend is bulllish. So this gives me an idea that after this third time the market will shoot up. So Imma buy with a small lots...
still in my NDX short via SQQQ . PA has fallen from the ascending triangle and now its only a matter of when IMO. I think once we reopen the economy in June then it will be time for the bulls to sell as all the online order hype will be ending and store's will start reopening.
NASDAQ now appears to be in the fourth wave as predicted in the post below. This is what I had said: "...the second fourth wave could start in two weeks (between 17-24 February) from around 9700." What's next? The fourth wave can take a number of shapes but if it is a just an ABC correction, then wave A may already be complete and we could move up in wave B...
EW corrective wave after an impulsive wave. In the middle we have a nice head an should der formation. Monthly and weeks charts left a doji candle. No need to stand against the trend.
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$QQQ Nasdaq Double Top - Bearish Hanging Man Candlestick
After covering our last trade the NQ is still selling off. We will establish new positions on bounces. For now these will be smaller positions. As we have mentioned...snap back rallies can be violent. Remember NO TRIGGER, NO TRADE!