QQQ is right at the neckline of the head and shoulders.
I personally think it's a bit pre-mature for a breakdown. I think we are going to bounce a bit here into the CPI release and get a bit of a squeeze out of all the people who are jumping on shorting this early.
The recent uptrend is on a knives edge at the moment. If I were a bull I would have my stops tight because the moment that trendline the indexes have been just holding breaks there will be an impulsive move lower in probably a matter of weeks.
I am looking to go short after the CPI / Fed meeting next week because I think it will cause the last push higher on the...
In my opinion 2022 Has been one big bear trap for PMs.
When the Fed does the 50 point hike next week I expect an impulsive move higher on silver followed by a quick drawdown that will base around 21-22 early next year.
If the fed keeps lowering the rate hikes silver will be at 28$ by the end of next year and open the possibility of a squeeze to 50$
This trendline on the US10y log has been extremely strong.
Many durations on bonds have been breaking their downtrends by an amount that is getting a bit scary because of what that would mean for the economy going forward.
People have been talking about the recent yield curve inversion. But not much about how almost all yields on the curve have nearly put in a...
I think Carmax could actually run past the upper white trendline with how hot the used car market is right now might be worth keeping money in even if it hit PT.
Last summer I said Boeing would end the year around 250 so that was pretty close.
Right now Boeing is sitting at a good entry for a retest of 250 with the possibility of a gap fill.
But I also think the whole market is due for a fairly large correction this summer which could take Boeing back down to the mid 100's
Clearly a cyclical structure to the squeezes on NKLA.
Short interest is mid-high @ about 25% right now but the structure of this trade is so strong I think it will force the last of those shorts out and NKLA can finally capitulate under 12$
I see some people locking in some profits and possibly triggering a good panic selloff with the low volume underneath this symmetrical triangle.
Short entry at 3100 is a good R/R .
Exit by the end of sept or by take profit/stop loss.
The short squeeze on kodk today confirms a 2 week short squeeze cycle.
The next squeeze would be on Sept 29th If KODK gets shorted and sold back down to 6 it's probably worth loading up on the days leading up.
