ARM Short . US Stock122 below weak , already tl break
if yesterday low below sustain then very weak
121/119/116/114/112 target
QQQ
AMZN Short , US Stock174 below weak
172.50/171/170 can test easily
170 below 164 will be next level where it can go
SE Short . US Stock76.50 below weak
75.50/74.50/73/70/67 can test
support break then it will be weak
SPY/QQQ Plan Your Trade For 9-4 : CRUSH Blends Into Rev-RallyYesterday's price move was clearly a CRUSH pattern I expected on Monday. Because of the holiday trading schedule this week, I believe the CRUSH pattern blended into Tuesday's trading - resulting in today's pattern being a blend of the Rev-Rally pattern on Tuesday and the Up-Down-Up pattern for Wednesday.
Overall, I believe the CRUSH pattern removed a lot of downward price pressure and set the markets up for a bigger upward move starting on September 9-11.
At this point, I believe the US markets will attempt to find a base/support and transition into the end of this week by "looking for support—then rallying away from support."
So, I expect the US markets to find a critical support level today or tomorrow, then begin to form a base and rally away from that support level.
Let's play what is in front of us on the charts and Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
QQQ falls back into bearish territoryQQQ past breakouts above shows it was false by selling off in a massive way with strong volume
Failed to hold above new support downward trend
Failed to hold above major horizontal support line
closed with hammer candle on high volume. This last item we dont expect to be a major turned around point back to bull. It should just be rise back up horizontal resistance before selling off again
Comparing with SPY we see that it has now for the first time broke its flat trading today and break below key support with strength. The confirmation between the indicates the bears are back in control
Is SMCI a buy? SMCI has lagged NVDA and many other semis.
Were now approaching a critical area...its make or break!
positive Daily divergence provides some hopes that were close to a near term bounce however after today semiconductor selloff the whole complex was shattered.
The fact that SMCI remained green while NVDA was down 10% should be a small win in itself...
The question is can it hold and build on this?
I do think its better positioned for a long than most semis.
No confirmed technical breakdown has occurred yet
Members Daily Analysis Markets get bludgeoned!
Commodities under pressure / Nat gas strong
Yield curve still inverted.
Vix flying!
Long Bonds sniffing out recession
SPY/QQQ Plan Your Trade For 9-3 : Reversal Rally Today.Today's SPY Cycle Pattern is a Reversal Rally.
After yesterday's CRUSH pattern (on the Labor Day holiday), we should expect the indexes to persist in a moderate rally phase (or melt-up) today.
I believe yesterday's CRUSH pattern played out very nicely on the ES.
Today's Reversal Rally pattern should result in the ES attempt to move back to 5653-5660.
For the SPY, that will be a move back to 563.00 to 563.40.
Overall, I believe today will show a solid attempt to move higher (melting upward) as the price slides into the end of this week very sideways/flat.
Starting on Sept 9-10, we should start to move into a rally phase for the SPY/QQQ.
Sit tight until then. These intra-day swings are perfect for day trading Gunslingers.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
September Effect - Up/Down/Sideways - How I'm Trading ItSummer trading is officially done and the market will be news sensitive leading up to the big bad FOMC Rate Decision on September 18.
August's monthly candle is a wild one with a massive wick to the south and the bulls pushed the SPY within a whisker of all-time highs, Dow to several all-time highs, Nasdaq into a nice bullish recovery posture, and Russell the same (higher lows).
6 Central Bank Rate Decisions in September
US News on Employment and Inflation all rolling out before the FOMC
I'd like to see a seasonal dip or pullback to offer more accumulation opportunities before a run higher. Let's see how it plays out.
Stock Market | TSLA NVDA AAPL AMZN META GOOG MSFT AnalysisQQQ 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 gives more strength to its bullish turn aroundToday QQQ started with another gap up breakout for the 2cd day in a row. Stock retraced then rallied again in the late day.
Stock gapped up again doing another breakout weakening the week long sell off trend.
Retracement that was expected sold off less and at slower pass than the day before
Late day smart money jumped in and pushed the stock to higher highs
Volume experienced a massive spike in last moments of trading which can be indication of price exhaustion. This should cause a temporary pull back next trading day
Overall the bull thesis for QQQ is getting stronger each day.
SPY shows more interest in rallying than beforeSPY is starting to show more signs that a breakout above the flat trading its in is coming
We see increased volume over peaks of previous rallies indicating agreement with pushing up prices
RSI's SMA starts to break through the 50 line
comparing to the QQQ, its experiences another false breakout above for the second day in a row. Showing the tech sector is attempting to turn around to the upside
SPY continues to still trade flat but show more confidence in its small rallies than previously
QQQ looks to break into bullish territoryQQQ again breaks out above the longer resistance line to test new more bullish grounds
For the second day in a row QQQ breaks above the long term downward resistance line
This breakout is accompanied with increased volume over yesterday while trading in the higher zone
RSI breaks above SMA during this time
RSI's SMA been flat to trending slightly updward
The bulls are looking to be taking over in the near future showing further weakness in this sell off.
US Markets Cleared For A 13% to 24% Rally - Get SomeThis video highlights why I believe the US markets are ready to make a big move higher over the next 12 to 24+ months.
Many people suggest the markets will crack or crash, or we will experience some black/grey swan event. I'm afraid I have to disagree with this belief.
Yes, there is always a chance we will see some market event. However, to disrupt the US/global economy, there would have to be some event that disrupts the world, not just one or two smaller countries.
I do believe the US is making a broad transition into the 21st century, and new leadership (Govt) is required to make that happen.
But I also believe the seeds have been planted for exponential growth over the next 10-20+ years - and many traders are too focused on the crash dummies to see the real potential.
Watch this video. Share your comments if you like.
I believe we will see pullbacks and rotations on the way up - but I don't think we'll see any big crash event until after 2031 (or later).
Get some. This is going to be BIG.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 8-30 : Carryover In Counter TrendToday's SPY Cycle Pattern suggests the SPY will attempt to trend moderately strongly to the upside (if my research is correct).
The counter-trend mode of the carryover pattern suggests the price trend will be opposite of the last 2-3 bars - so a potential upward price trend today.
The carryover pattern suggests that price will behave very similarly to what we've seen over the past 2-3 days—moderately trending.
So, I expect the SPY to attempt to rally the 563-564 level and hold above recent lows.
The QQQ should be similar—attempting to break away from the downward price channel, then consolidating into early/mid-next week before attempting to move higher again.
Gold is within my breakout range (over the next 2~5 days), and I believe the 2564 level needs to be broken (upward) for the 2593 level to become the next target. We are still seeing active support near 2511.
Bitcoin should move back to the upside, trying to target the $62.8k level over the next 5+ days. The Flag formation in BTCUSD is holding up well.
Happy Friday everyone.
Let's make today a great day and prepare for next week.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
