SPY/QQQ Plan Your Trade For 9-25 : Carryover in Carryover ModeToday's carryover trend will likely prompt a moderate meltdown in the SPY and QQQ. Pay attention to how the QQQ is still transitioning away from the shorter-term (blue) Excess Phase Peak pattern while the SPY has broken both the long-term and short-term Excess Phase Peak patterns.
In my opinion, this suggests the markets are still struggling to move higher overall.
The recent Fed rate cut will prompt the markets to shift attention towards more undervalued stock sectors. This will prompt a fairly broad-market rally phase to settle into place.
However, the US elections, which are only about 35 days away, act as an "uncertainty factor" for the markets.
Thus, we have a very interesting dynamic. The markets want to transition into a fairly broad rally while uncertainty and concern related to US policy and leadership are becoming increasingly contentious.
This translates into volatility, and I believe the markets are set up for a DEEP-V type of Flash Price move over the next 30 days. This is why I'm urging traders to stay cautious of a big volatility event after October 10-14.
In the meantime, the SPY and QQQ should attempt to rally a bit higher, and Gold will try to reach $2710-2720.
BTCUSD, on the other hand, looks like it will roll downward, targeting the $60,150 level.
Get some.
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QQQ
GOLD Makes A Big Move Targeting $2720Even though my Gold Cycle Patterns suggested Gold would consolidate a bit in early trading this week, the big breakout move today shows just how undervalued Gold really is.
Yes, my Gold Cycle Patterns did not predict this upward price move clearly.
This is an example where my patterns/expectations did not match exactly what price did. it happens.
You could say my expectations were a bit behind the trend or the trend was a bit ahead of my expectations - but either way this move surprised me.
Clearly, gold is making a big move and my upper target is 2710-2720.
Today's move will likely stall out near 2685, then contract to levels near 2670-2675.
Remember, Gold really wants to rally up to 2710-2720+. So, you have quite a bit of time to play this move efficiently.
Get some.
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SPY/QQQ Plan Your Trade For 9-24 : Counter-Trend BreakawayToday's counter-trend Breakaway pattern suggests the markets will attempt to move downward (counter to the current Bullish trend) and attempt to find support.
I believe the downward price move in the SPY will target the 565-566 level for a low today - setting up a solid reversal rally phase going into the rest of the week.
We didn't see much downward trending yesterday - so, today could be the day the markets attempt to flush downward a bit.
I'm still urging traders not to overreact to this minor downward price move (potentially today). My analysis suggests the SPY is still on a path to target 595-605 before Oct 10th or so.
Gold/Silver will likely move downward today - setting up a nice base before the next rally phase higher. The strengthening US Dollar will continue to put pressure on Gold/Silver - but I don't believe the US Dollar will rally above 102 at this point.
BTCUSD appears to be rolling over into a consolidation phase. I believe we could see $60k to $62k before the end of this week as a base/bottom.
Now if not the time to be foolish. Just sit back, time your entries, and prepare for the next rally phase in the markets.
Get some.
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SPY/QQQ Plan Your Trade For 9-23 : GAP Breakaway PatternToday, I believe the SPY will consolidate downward after last week's Fed rate cut. I believe the next move for the SPY/QQQ will be higher, but I feel the markets need a pause phase to settle before moving into the rally phase near Wednesday (9-25).
Overall, I believe the SPY/QQQ and Gold/Silver will pause in early trading this week, then move into a continued rally phase as the markets digest the Fed rate cut.
Remember, this 50bp cut won't translate into any real immediate move of 2-4%. The way the markets work is they transition into the opportunities created by the rate cut. That means we'll see technology and speculative stocks attempt to bounce higher going into October 14-15 - maybe a bit further.
But, I do expect a wave of selling to hit just before the elections - so I'm warning everyone to stay cautious after October 11-14 as I believe the likelihood of a moderate Flash-Crash (Deep-V) type of event is very high.
Right now, the markets seem like they want to settle and attempt to break away from recent resistance areas. This is more evident on the QQQ chart.
Your opportunity to buy into lows over the next 2-3 days will allow you to really benefit from the next upward rally phase.
BTCUSD appears to be stalling/topping and will likely roll downward towards the 58k to 60k level over this same time. BTCUSD needs to settle into the next low before attempting to make another move higher (probably very late in October - after October 25-28).
Get some.
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Nothing More Than What I See!!!Well folks, I really put it out there today... 4 chart expectations...
Last but not least, let's talk about NASDAQ:QQQ I am about a week late to this party and may have to readjust sooner than later on this one...
I laid out some support levels in dark blue...
Looks like Sloping Support is in tact...
Visual test of Triple Top, does it break upward from there???
Anyone ever heard of Higher Lows???
I am Very Comfortable snagging NASDAQ:QQQ 494C expiring 9/27 on another Run To ATH
Again, I don't know a darn thing... I'm just sharing what I see... Sorry for yall, the optometrist says I need glasses!!!
I am by no means a professional investor, stock analyst, or financial advisor... I am a tier lower than an amateur beginning trader, so please do not jump into any recommended trades without doing your own research!
QQQ: Bearish Continuation is Expected! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the QQQ pair price action which suggests a high likelihood of a coming move down.
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Stock Market | TSLA NVDA AAPL AMZN META GOOG MSFT AnalysisCurrently a cautious bull
QQQ Forecast
Sp500 ETF analysis
Nvidia Stock NVDA Forecast Technical Analysis
Apple Stock AAPL Forecast Technical Analysis
Microsoft Stock MSFT Forecast Technical Analysis
Google Stock GOOGL Forecast Technical Analysis
Amazon Stock AMZN Forecast Technical Analysis
Meta Forecast Technical Analysis
Tesla Stock TSLA Forecast Technical Analysis
QQQ The Target Is DOWN! SELL!
My dear followers,
I analysed this chart on QQQ and concluded the following:
The market is trading on 482.42 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 465.55
Safe Stop Loss - 492.36
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
Why The Fed Lowered Rates - My Opinion Part IIThis is Part II of Why The Fed Lowered Rates - My Opinion
The only reason the Fed lowered rates by 50bp this week is because the global markets are reeling under pressure from a strong US-Dollar and a strong US economy.
Without any relief, the new POTUS would enact new policies and push them through Congress, and the US would start another spending spree—pushing the US-dollar-based assets even higher and driving the capital flow into USD-based assets even further.
That capital flow is harming foreign economies, and global central banks have been trying to fight the tide of a very strong US dollar for more than two years.
If the Fed had not lowered rates, we would likely start to see severe pressure on global central banks and possibly even governments/economies over the next 24-48 months.
This is a way for the US Fed, and thus the US economy, from potentially being dragged into a global contagion event after 24+ months of reducing global money flow/function.
Simply put, the US Fed gave in to global central bank concerns related to a strong US economy/Dollar compared to their weaker currencies/economies and the pressure being exerted by a decoupling global economy.
Even though the lower US rates may provide some relief for the global market, the pressure on global currencies/economies may adapt to this "new normal" and continue to squeeze global central banks.
Time will tell.
Get some.
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Why The Fed Lowered Rates - My Opinion Part IThere has been a lot of speculation as to why the Fed lowered interest rates by 50bp.
My opinion is the Fed realized the pressure of a stronger US-Dollar and stronger US economy, headed into the POTUS election accompanied with new spending/policy related to a new POTUS, could put the global markets under extreme currency/economic pressures.
So, in order to provide more breathing room for the global economies, the US Fed decreased rates, taking a bit of pressure off currency rate divergences and allowing global central banks a bit of room to manage their economies against the 900-lb Gorilla (which is the US economy/US-Dollar).
In short, the US Fed needed to alleviate pressure put on the Global markets because of the 900-lb Gorilla US economy.
Not to save the US economy from an internal crisis...
But to save the world from a crisis of their own making. A Global Credit/Debt crisis has been brewing since before 2008.
The US Fed "gave in" and decided they had to decrease rates to reduce the risk of a foreign market contagion event (currencies/debt).
In my opinion, that is the only reason the Fed lowered rates.
Get some.
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SPY/QQQ Plan Your Trade For 9-20 : Breaking Up/Down PatternAfter watching yesterday's rally phase (which I believe was a relief rally driven mostly by foreign markets), I believe today's price move will be somewhat muted.
Yes, today's pattern is a Breaking (UP/DN) pattern, which suggests we may see some type of volatility event today. But overall, I believe yesterday's big price move was a volatility event, and today, the markets will struggle to identify a trend. I believe price will struggle for direction/trend today, and because of that, I'm urging traders to move assets away from the markets heading into this weekend.
I think it is better to move assets into CASH and prepare for trading next week. There is no reason to attempt to pick a position or trade heading into this weekend when we really don't know how the global markets will react to news or conflict events worldwide.
So, the best option today is to try to identify a few early trades, then move your assets into mostly cash and wait it out (till Monday).
I don't expect the markets to do anything besides consolidate below yesterday's highs.
Gold made the move up to 2635-2640 today - perfect. Pull profits today and wait for the next move.
BTCUSD is a bit higher today, but I believe it will pause - just like almost everything else today.
The global markets are still digesting the rate cut. We'll see what happens early next week - but today will probably be a stalling/pause in trend.
Get some.
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SPY/QQQ Plan Your Trade For 9-19 : Top-Resistance PatternToday's pattern is a Top-Resistance pattern.
After yesterday's Fed rate cut and the reaction, overnight, by the global markets, this top pattern suggests the markets will find a peak today and roll downward, away from that peak level.
Overall, I'm not too worried about a major crisis top today. I believe the Fed has unchained the US/Global markets a bit with the 50bp rate cut.
My custom indexes show the US/Global markets have moved into a new US-Dollar-based demand phase at the same time we are seeing a valuation-base and speculative-based price appreciation phase.
That means we are the following is taking place:
_ US Dollar is still stronger than most other currencies and demand for US-Dollar-based assets is still dominant.
_ Price appreciation is based on a renewed valuation accumulation phase. This is where traders see the US stock market as moderately undervalued and begin to accumulation based on discounted valuation levels.
_ Price appreciation is also based on a new speculative trend phase - showing more of a RISK ON mode where traders are chasing the upward price trends a bit more aggressively.
Putting all of that together, ahead of a US POTUS election event and the recent decrease in FFR, I think we are seeing a perfect environment for a MELT-UP trend to continue into a moderate early Santa Rally.
The one thing that could derail this momentum is some unexpected or crisis event that pops up out of nowhere. So be aware there are still risks.
Now, let's sit back and enjoy a rally day while we wait for confirmation of the breakaway high (FPT breach to the upside).
Get some.
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Iconic Failed Bullish move on SPX?If the S&P500 gets rejected at this level, it has the power to be an iconic selloff.
Now before we get to “bear’d up ” understand the SPX is still holding above the key short term daily moving averages and holding higher lows. The long term trend is still up.
Now to go back to being bearish. This FOMC interest cut was a big 0.50 BP which is not what most were expecting.
The rate cut that everyone was so bulled up on ended up backfiring in the markets face. The market sold off and reversed lower. Historically this is a phenomenon we can observe throughout previous rate cutting cycles.
Along with a buy the rumour sell type of day, the candle formation om the SPX are appearing to be higher volume reversal candles. Today session almost completed bearishly engulfed yesterday’s session.
These 2 candles have also proceeded to be trading at New All Time Highs before failing to hold and reversing Lower.
Is NVDA the catalyst for the market?NVDA just had a bearish crossover of the 20 & 50 MA (Daily chart)
Last time we saw this bearish moving average formation was in early August.
NVDA proceeded to fall sharply in the coming days.
All eyes on the market leader. All eyes on the QQQ.
Will the Q’s be the demise of SPY?
If Nvidia sees anymore weakness you can be sure it will have other semis following suit.
Risk to reward in the near term is clear.
What To Expect After The Fed rate Cut: 9-18-2024 (Fed Day)This video is really designed to teach you some basics about Fibonacci Price Theory (FPT) Analysis. I wanted to show you how I see the charts using FPT and why, sometimes, I might be seeing things differently than you do on the charts.
In my world, there are simple constructs that are evident on every chart. Supply & Demand zones, trending/flagging, and most importantly Fibonacci Price Theory constructs.
Fibonacci Price Theory is the basis of all my analysis. It is the ground-level structure I look for in price on all charts. Then, I move to more advanced indicators and other analysis types to develop a Success/Failure outcome (trend/trade expectation).
What I do is not hard to understand - it just takes practice.
Fibonacci & Gann techniques are infinitely adaptable to any type of price action. I use another technique I call the Tesla Price Amplitude Arcs which often help me identify where/when price events may happen - but that is for another video (maybe).
Ultimately, it comes down to understanding the structure and intent of price action (either success or failure) and how to position your trades for that success or failure of any price event.
There are really two types of traders: trend traders and counter-trend traders.
Trend traders try to catch the explosive price moves as trend events.
Counter-trend traders try to catch major reversal levels in price and try to profit from counter-trend price moves (reversals/reversions).
Using FPT, you can learn to execute both type of trading styles and improve your ability to see the market trends/setups more clearly.
I hope this video helps you learn to become a better trader and helps you understand my Plan Your Trade videos more clearly. At least you'll be able to understand how I see charts and what drives much of my thinking related to chart.
Get some.
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FOMC (FED) 50 bps Cut - What's Next???FED cut 50 bps today (as CME FED Watch Tool predicted), but it was one of the closer toss-up probabilities at 55% to 45% odds.
Today's 50 bps leaves room for more to come and the market is anticipating 10 cuts in 11 FOMC meetings out through 2025.
The market's resilience has been impressive, but until the market is satisfied with more "good news" on employment, inflation, and earnings growth...fresh all-time highs and rips may prove elusive in the near term.
Thanks for watching and enjoy the video!!!
SPX6900Real stocks r cringe
A memecoin like SPX6900 has the potential to "moon" due to several factors intrinsic to the nature of memecoins and the dynamics of the cryptocurrency market. Firstly, memecoins often capitalize on viral marketing and social media hype, which can drive significant interest and investment from retail investors. The name SPX6900 could itself be a clever combination of elements that resonate with internet culture, potentially amplifying its appeal. Furthermore, if influential figures or communities within the crypto space endorse SPX6900, it could lead to a rapid increase in its visibility and perceived value. Finally, the speculative nature of cryptocurrency investments means that many investors are constantly on the lookout for the next big opportunity, and a memecoin with a catchy name and strong online presence could easily capture their attention, driving up its price substantially.
QQQ continues to test major resistanceQQQ rallied up its resistance and tests with false breakout
Volume increases over day before yesterday as resistance is tested again
RSI trends downward and stays below SMA
QQQ has been trending downward since August and now trying to break through its major resistance. Generally September and October are not great months for the market so extra caution must be taken during this time
SPY/QQQ Plan Your Trade For 9-18 : Gap Potential & Fed DayThis video pretty much covers everything I've been telling all of you over the past 5+ days.
Yes, I'm planning on waiting out the consolidation/early trading today and waiting through the Fed decision. There is no reason to jump in front of a moving train attempting to change its direction or speed. You just get run over and beat up.
So, I'm going to take a break this morning, watching the markets and waiting for the Fed rate decision.
While I did look at some data points this morning, the one thing that caught my attention was the Mortgage Refinance Index. That index has jumped more than 45% over the past 12-16+ months while mortgage rates are still above 6%.
I believe this is an indication that ARM borrowers are under some pressure now (after roughly 36 months) to refinance and are dealing with higher rates. 2024-3 = 2021.
Those hot to buy anything after the COVID pandemic may have signed into ARM loans with a 3-year rate guarantee - which may now be rolling into fully adjustable rate loans. That would push the refinance index higher as these homeowners attempt to wiggle their way into something more realistic than the 6.5 to 7.5% rates on their ARMs now.
In my opinion, this is the only thing that may prompt the Fed to lower rates a bit - the pressure on a small segment of home owners in ARM loans that need some relief.
We'll just have to wait and see what happens today.
Get some.
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9/17 Expectation of two bases points cut increased to 65%. Overview:
The VANTAGE:SP500 closed higher despite forming a red daily candle, signaling potential intraday weakness or selling pressure, but the broader trend remains positive since the overall price closed higher than the previous day. This pattern suggests buyers were active, but sellers took control after the market opened, creating a bearish candle even with upward movement. Similarly, the NASDAQ:QQQ didn’t break previous highs but printed a similar candle.
While BlackRock and Grayscale stayed on the sidelines, all other major funds loaded up on BINANCE:BTCUSD , pushing the day’s total to $186.8 million, 84% higher than the average BTC ETF volume of $102.3 million. Ethereum ( BINANCE:ETHUSD ) continues to struggle, with Grayscale selling ETH even on today’s green market day.
Retail sales rose again, showing that the U.S. economy remains on solid ground, keeping recession fears at bay. According to the CME FedWatch Tool, the number of traders expecting a 0.50% rate cut has risen to 65%, compared to 50% at the end of last week and just 10% in early August.
Technical Analysis:
W: Despite recent gains, BTC remains in bearish territory, trading below the BB MA. Price touched the $61.4k weekly level during the Asian session but retraced. A rate cut could be a positive event, keeping BTC in its current range without major sell-offs. Some altcoins may see 10-20% gains.
D: BTC held the $58.4k level and bounced, signaling possible growth after the rate cut.
4h: BTC briefly hit overbought RSI at the $61.4k resistance level but was rejected. MACD shows a bearish divergence, but this may be overshadowed by the upcoming rate cut.
1h: Overbought RSI is cooling off now.
Altcoins vs. BTC:
Another day of divergence among altcoins. BTC grew by 3.6%, while ETH followed with 2%. SOL printed a doji candle, but NEAR outperformed with a 6.4% gain, bouncing off its support. SUI and TAO saw strong gains of 12.2%.
Bull Case:
The lack of a large sell-off by whales suggests confidence heading into the rate cut. BTC has been climbing since September 6th, and if the rate cut injects liquidity into the markets, some of that money may flow into risky assets like crypto. A postponement of recession fears could also lead to higher interest rates for longer, but this means more disposable income available for speculative investments.
Bear Case:
Despite the rate cut, the economy is slowing down, and a 0.50% rate cut represents only a 10% decrease in the current rate.
Fear and Greed Index:
The index rose slightly to 37.91, reflecting cautious optimism ahead of the rate cut.
Prediction:
Short-term bullish for BTC, but expect range-bound movement or a drop in October.