MSFT confirmed a daily downtrend GOOGL broke 52 week highs
- GOOGL MSFT ER Tuesday AH - META ER Wednesday AH - Many Big names starting to weaken
lots of weekly reversal patterns forming on these big names
- GOOGL MSFT ER Tuesday AH - META ER Wednesday AH lots of big techs shaping up enough room from its drop to shape up a daily downtrend now we will see how earnings come in to see if it shapes up.
- follow the trend on these stocks, there will be a time to short when we see daily downtrend confirming - FIRST STEP for bears is we need a hourly downtrend for anything to really happen - As of now all mega tech are still healthy
As long as we have mega cap techs holding sideways and rest of the market breath catching up it is good for the bulls and we may continue to see grind up from the market overall. - Very first step i want to see from the bears is an hourly downtrend for me to even pay attention to a short swing. - entered YINN for lagger bull play.
- QQQ still above 12 ema - Breath increasing in the market - money continue to rotate around good sign for bulls - no signs of real bear action at the moment - CPI data tomorrow
Although QQQ closed flat today, lots of mega cap tech stocks formed daily downtrends, such as AMZN GOOGL AAPL, so we have to be open to QQQ having a slightly more pullback in the next coming days but breath in the market is really good today so its a good sign for the bulls as money rotates around.
lots of mega cap tech stocks & QQQ shaping up their Daily time frame lower highs pivots if we break Thursdays low many of them will form their first daily downtrend in a long time .
I still believe a correction is coming and I believe tech will outperform to the downside once again. In the video I look at various megacap stocks and show how many of them are at important resistance levels. Could we sell off and go higher anyway? Yes. Could we ignore all of these indicators and levels and just blow up through them? Yes, possible but not likely....
- QQQ did not set a new high after this move which is the first time in a while so theres a chance for bears to set a daily lower low but they need to show up fast or we are likely heading back to 52 week highs - Team Clear Bull: TSLA AAPL MSFT - Team Middle META AMZN - Team indecision: NVDA GOOGL - no Team Bear until i see some notable downtrends confirming on...
GOOGL back to team bull. Every mega tech is back to team bull expect NVDA formed an hourly downtrend and AMZN still chopping around
- QQQ still doesnt have a hourly downtrend confirming so daily lower high is not set. - SPY weekly bullflag confirm, so far no follow through yet but we ran out of time so it doesnt count as a rejection for me until i see hourly downtrend - TSLA potentially shaping up an equilibrium - NVDA bull break above 420 back into its all time highs sideways chop zone - AMZN...
- QQQ still doesnt have a hourly downtrend confirming so daily lower high is not set. - SPY weekly bullflag confirm, so far no follow through yet but we ran out of time so it doesnt count as a rejection for me until i see hourly downtrend - TSLA potentially shaping up an equilibrium - NVDA bull break above 420 back into its all time highs sideways chop zone - AMZN...
QQQ have started a upward channel on March 24, 2023 On the daily chart above the yellow arrow shows the beginning of the support of the channel.After zooming in on the 1 hour chart, you can see the channel overall structure. I do understand we all trade differently. But the way I chart channels are with at least 2 trend lines.This give me an understanding of when...
- TSLA stock forming daily H&S pattern - NVDA stock 420 support needs to hold for bulls, bear would likely break this level if we even get a slight red day on QQQ - AAPL 2D EMA 12 still full bull control although its starting to feel slowly at this ATH range - AMZN nice bull break Thursday looking like its consolidating sideways - GOOGL back into its chop zone...
Hello everyone, I will be releasing my autocorrelation oscillator indicator. This is a video that goes over its functionality, its theoretical underpinnings and its pragmatic use. A brief synopsis is it operates on the idea of market randomness and efficiency. In an efficient market, it should be random. However, frequently anomalies happen where price becomes...
- QQQ healthy pull back last 3 days and bounced hourly uptrend will be the guide - SPY same with QQQ hourly uptrend is the guide - NVDA relative weaker compare to QQQ - TSLA potential 4h head and shoulder - AAPL ATH closed still the strongest tech , 2D EMA 12 full bull control - AMZN bull break out of its consolidation - GOOGL bounce back into its side ways...