- Looking for a hourly Bear flag on SPY and QQQ after this huge move down. - XLF and KRE top watch to see if we break fear lows/52 week low. Fear would likely come back in if we do break the lows - looking for SOXX/SMH to go from lead bull turning into lead bear - Rate hikes is a head wind more for QQQ then SPY, so after Powell saying no rate cuts this year, we...
Welcome back! Let me know your thoughts in the comments! ** SQQQ 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight...
Welcome back! Let me know your thoughts in the comments! ** 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight...
- KRE and XLF still in a bear flag territory, Both are closing in on their tightening range and will break very soon either tomorrow or Wednesday. we will get a lot of volume and volatility once this breaks. - QQQ & SPY have a Triple top resistance, if XLF break bull SPY will very likely break that resistance, so will watching all 4 closely. - FOMC Wednesday...
- QQQ double topped with Tuesday top, had a 15m bull flag during consolidation with no red flags until mid morning. - XLF increasing bear volume with zero bounce and very notable big money exiting. Fear creeped into the market - VIX up 20% - QQQ went from lead bull to bear when all sectors starting to drop at the same time after XLFs huge drop. dragging SPY...
After breaking 12 EMA 15min time frame yesterday bears have been suing it for full control underneath it. - at this price point SPY retraced over 60% QQQ retraced 50%. Burden is on the bulls to step up here. Bear still comfortable - if QQQ start dropping more than 50% retracement everything will start favoring the bears - Jerome Powell spoke today and now...
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...
✅In this video, we talked about Bitcoin, SQQQ and SPX . I see a great potential in this short trade. My 3 reasons are 1) Double Top 2) TD9 Sell Signal 3) Megalodon Institutional Investor Strong Sell Signal Take it easy. ~Bo Bugra Sukas ✌️
Thanks for watching. Please support my work by sharing this video with other investors and traders. Don't forget to smash that like button here and drop a follow. See you guys tomorrow. Take it easy. ~Bo
Thanks for watching. Please support my work by sharing this video with other investors and traders. Don't forget to smash that like button here and drop a follow. See you guys tomorrow. Take it easy. ~Bo
Key things to take away from this: Fed cut rates to 0%. Trump's positive talk with interest rate cut on Sunday was not enough to pump the stocks. TD9 is still giving a bear market state. Day traders can sell any selling opportunities if they think the bear is on. Take it easy team. See you on the next one. ~Bo Bugra
Have a great day all!
VIDEO Showing where the markets should move next - DOWN