The long thesis for SOXL, Semiconductor 3x Long. With Crypto, AI, Automation etc we will soon come to view Semiconductors as a fuel for computational power. Just like we need gas for cars and electricity for all the rest the next phase of the economy is running off of Computational Power at a mass global scale. The internet was the mass explosion of...
I'm Bullish on BTC in general, hold it and other cryptos. However the divergence in price action on MSTR vs BTC had a massive shift when the BTC ETFs hit the markets. Makes me wonder if MSTR could be considered a Leveraged BTC long . like a 2x or 3x ETF
Direxion Daily Technology Bear 3x Shares forms bullish "Continuation Wedge" chart pattern "Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily Technology Bear 3x Shares (TECS:NYSE). This bullish signal indicates that the stock price may rise from the close of $22.4 to the range of $31.00 - $33.00. The pattern formed over 17 days which is roughly...
Direxion Daily Dow Jones Internet Bear 3X Shares forms bullish "Continuation Wedge" chart pattern "Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS:NYSE). This bullish signal indicates that the stock price may rise from the close of $20.30 to the range of $27.00 - $28.50. The pattern formed over 15 days...
iShares China Large-Cap ETF forms bullish "Megaphone Bottom" chart pattern "Megaphone Bottom" chart pattern formed on iShares China Large-Cap ETF (FXI:NYSE). This bullish signal indicates that the stock price may rise from the close of $29.91 to the range of $32.10 - $32.60. The pattern formed over 26 days which is roughly the period of time in which the target...
iShares Silver Trust forms bullish "Head and Shoulders Bottom" chart pattern "Head and Shoulders Bottom" chart pattern formed on iShares Silver Trust (SLV:NYSE). This bullish signal indicates that the stock price may rise from the close of $21.94 to the range of $24.10 - $24.60. The pattern formed over 35 days which is roughly the period of time in which the...
Direxion Daily CSI China Internet Index Bull 2X Shares forms bullish "Diamond Bottom" chart pattern "Diamond Bottom" chart pattern formed on Direxion Daily CSI China Internet Index Bull 2X Shares (CWEB:NYSE). This bullish signal indicates that the stock price may rise from the close of $50.19 to the range of $61.00 - $64.00. The pattern formed over 25 days which...
Invesco Dynamic Oil & Gas Services ETF forms bullish "Continuation Wedge" chart pattern "Continuation Wedge (Bullish)" chart pattern formed on Invesco Dynamic Oil & Gas Services ETF (PXJ:NYSE). This bullish signal indicates that the stock price may rise from the close of $4.85 to the range of $6.00 - $6.30. The pattern formed over 16 days which is roughly the...
im just looking at value area swing comparison and its showing alighment with volume weighted anchor that says if we stay over the average price we will be at top of band that lines up with all three indicators.
using this order flow/volume zone and volume weighted average strategy theres clearly still a bearish bias on the outlook for the nasdaq hourly. im guessing we come up to touch the resistance zone/averages and back down to do the same to lower levels.
Vanguard High Dividend Yield ETF forms bullish "Continuation Diamond" chart pattern "Continuation Diamond (Bullish)" chart pattern formed on Vanguard High Dividend Yield ETF (VYM:NYSE). This bullish signal indicates that the stock price may rise from the close of $110.96 to the range of $130.00 - $134.00. The pattern formed over 452 days which is roughly the...
its been a hell of a couple weeks for the semiconductor stocks. weve blown through resistance with a vengence, and pretty much havent stopped for anything. the problem is the rest of the stock market hasnt responded with the same bullishness. just like i was in soxl coming off the top of the channel, im now in soxs coming off the bottom of the channel.
rainbow, slope and range adaptive averages show we are coming off top of range and headed for a retest of slow moving average. this lays out the targets, and im hoping to stay on top of that region.
looks like we cup and handle, and that takes us briefly over $27 in this short nasdaq fund. as long as we are over vwap this thing is a buy.
if we see downside in semiconductors and rotation between sectors tha is slower and more masured leading to slower losses in indices, and the countertrend movement breaks out into a larger rebound i would call this the beginning of a broader market recovery. the inverse is that we traverse slightly lower, and extend backwardation with resistance around estimate...
BACKGROUND: SOXL (3x ETF) created a great reversal pattern back in JUNE - JULY 2022. It's tempting to ignore it because it ultimately failed on 8/26/22. Nonetheless, it was a great technical entry point when the price broke above $17. CURRENT PRICE ACTION: The reason I'm pointing out what happened in JUNE - JULY is because SOXL ETF is forming another BULLISH...
SQQQ reached support. This is in line with the resistance that is seen on the e-mini Nasdaq100 $NC1!. Maybe time to consider some of this as part of a long hedge play or a pure short play.
weve strongly supported a level twice but each time we were equally rejected as previous lows tested as resistance, slightly trending lower woth green days in red territory. themost likely scenario is if we retest recent highs as resistance, and make a lower high compared to a tightwning range over the past week or more. 25.82 is a lever to watch for a bull break...