again with another overbought insurance play tonight with a potential entry on the 1 min 5 min and hopefully if we complete the 15 minute. if it fractals all the way up to the hourly we could have a nice pullback from these levels. 43366 could be a target, 43525 is a mid level target. if we really pull back 43303 is a level that sticks out. i think smart money is...
the turn around in the nasdaq and big tech as well as related sectors and their respective etfs should also hit self driving. we should find ourselves breaking the downtrend soon.
i dont anticipate the trade in semiconductors to slow down, and i think graphics cards are a safe bet to deliver value over time. nvda is expediencing somewhat of a turn around while the nasdaq lets up pressure. nvda should benefit from risk asset inflows.
theres a chance that getting back to all time highs may take a lonh time, and when we get there we may be heading into another drop. if volatility has returned as the new norm there is a lot of evidence to suggest that we wont see a stronger market than 2021 until at least 2023. should we make a second break to the downside whether it is sooner or later a touch of...
nasdaq futures should continue their recovery, but remain volatile into the end of the week. by the first part of next week we should have a break, qnd it would be nice to see a bull break. a break of the lows isnt impossible though, and well cross that bridge when we come to it.
this is a rapid consecutive forecast going into the end of the week i dont foresee vix ending above week highs, but there could be bounce if we dont immediately continue lower on the daily the forecast cluster represents output from the ghost feed this is based on qqe, rsi, vwma 14.74, 14.24, 13.81 are key levels
the worlds largest and most widely used cryptocurrency is back on the charts again with a qqe long entry that has paid off immensely. if not continued immediately this pullback from lows could end, but as long as we stay over vwma it should lead to higher weekly lows followed by continued rally.
wti is still in a weekly uptrend, and that could mean bulll ish business for GUSH. i think every time we hit a bottom in monthly oil futures we experience a period of upside with extreme volatility until that pattern of lower weekly highs during reversal breaks on the daily. we are just near treating VWMA as support.
energy bullishness is another sector rotation play that makes me think were in a better place than some seem to believe. i think we will experience additional bolatility for the time being, but so will the markets at large. we should keep a decent uptrend, unless the pullback proves more retracement than risk tolerance for outflows can support. the long and short...
generally this etf is going one direction: down, but the weight may be lifted off its shoulders briefly as calls expiring next week are eliminated. if we cant break to new intraday highs i would imagine sqqq has one last trip above 40 only to get sucked back to vwma.
the rest of the ev and self driving market should bounce, and this should cause the individual stock to bounce. if we break this tightening bottom bull it should spring up to upper 990s
tilray brands is another one of those stocks that has seen booms, and since declined to an extreme. we are far from changing the daily trend, but the hourly turn around looks like longs could take a whack at the lower 5s and upper 5s trading in the range that they are with a potential sell climax.
novavax blew up after announcing it was making a covid vaccine. they eventually parléd this into a montly uptrend that lasted until september '21. since then it has seen a major decline. the stock is attempting to end that now, or at least find a temporary rally from new multi year lows. this could lead to a short squeeze zipping the price back up towards weekly...
there is a reversal within a reversal, and this will cause volatility. the larger reversal is intact though and we can expect higher weekly lows followed by a break of the bounce high.
the tightening range broke to the upside. if we can treat the area as support we could continue higher into upper 202s
this fib timezone 5 that weve entered is a significant change in the sequence of up/down-in/out. multiple regression suggests we are in this range for a while. if this area is anything like ftz 1 we will have a dead cat bounce followed by a price floor beneath that area and a massive cup and handle on the weekly.
i think we will see a lower high, followed by a lower low, but we will stay over the .382, and then continue higher every period of volatility that dried up quickly or was extenuating in nature was v shaped, and every period that was more exaggerated or corrective in nature was cypher shaped. we could bull cypher with a touch of support, but if we break it things...
the grouping of retail longs and its mothership, Robinhood are showing bullish divergence from oscillators and oversold conditions in rsi. the relative strenght based qqe signals strategy has put in nothing but shorts and faile long entries. the chances of the strategy continuing to make money short is low. elliott wave sage of youtube has released a video...