SPQ/QQQ Plan Your Trade For 7/10 - Gap Up/Higher PatternToday's Gap Up/Higher pattern in Trend mode may provide a strong price rally attempt after yesterday's somewhat non-existent Momentum Rally pattern.
I believe the lack of price movement yesterday resulted from markets waiting for Powell's comments and not wanting to get too far ahead of themselves.
Today, I believe the markets will resume trending to support the continued bullish price move and possibly make up for some of the missing price trends from yesterday.
We'll see - one way or another.
We need to see a solid upward opening price gap today - leading to a moderate melt-upward type of trend. Today's price trend may be explosive - even though we have limited data/news.
Remember, if you like my research, content, and info, share, boost, like, and visit my website to learn more.
Get some.
IWM
PRTS - Penny stock about to launchPRTS is a car parts online seller. During covid boon, the company grew agressively, so is their share price and market cap.
Since then, not much dilution, 600m NR, P/S is below 0.1!!
Issue is profitability, the company does not have a debt issue, current cash and current profitibability and FCF can last years so no dilution to be expected.
In July, they started a TV commercial campaign, insider buy at 1.09 level for 100k usd. I mean for me this is an obvious play, but at 1.10 below, ride to 2 usd easily. Even then P/S will be still 0.2 and with their transformation of product portfolio, if they post a profitable quarter end of the year, easily we will x3 here.
I put enough money that I will not be sad if I lose. I think we are at the floor prices but anything can happen, this is not classic mag7, yet I see a very nice risk reward with stop loss at 0.95
SPY/QQQ Plan Your Trade July 7 thru July25 - 3 Weeks AheadThanks for all your comments and boosts.
Remember, it is almost impossible to predict price range/movement 3~4 weeks in advance accurately - as I'm trying to show you with this video.
What I see happening over the next 3+ weeks is a continued rally phase for about five days, then an exhaustion peak sets up (a Last Engulfing pattern), followed by a short (2~4 day) contraction in price, leading to a FLAGGING pattern (sideways), before price attempts to move higher again on July 24~25.
If my analysis is accurate, there are two or three very opportunistic trading moves over the next three weeks. Additionally, for day traders, we will see some considerable price volatility start to set up after July 15.
Many of you have asked how I'm able to do this accurately. The simple answer is that I've been training myself to use my SPY Cycle Patterns and research/TA skills to attempt to "see into the future" with some degree of accuracy. Of course, I'm not 100% accurate all the time, but I think I provide incredible value for skilled traders.
Knowing what to expect over the next two to three weeks can provide incredible insight into planning and trade decisions. That is what my SPY Cycle Patterns are all about.
Combine that with some skills related to TA and Fibonacci Price Theory, and I think anyone could attempt to do what I'm doing on this chart with some practice.
I will state this as clearly as I can... When my analysis aligns with YOUR analysis (regarding price trends/direction/range), I believe you can be more aggressive in your trading style. Otherwise, if I tell you, the price will be choppy and consolidated, cut your allocation levels to 25~50% and trade only for quick price objectives.
I fully believe in waiting for prices to develop the best opportunities and not trying to trade every day.
I'll be updating this outlook every morning with short videos.
Go get some.
SPY/QQQ Plan Your Trade Update - Markets Will Retrace 7/15-7/20Afternoon everyone,
As I continue to prepare more research for all of you going further into July, I wanted to share my belief that the SPY/QQQ will retrace shortly. I expect this retracement to happen near 7/15~7/20 and possibly last 1~3 weeks.
Price trends don't always go straight up or straight down. That's why you must learn to take advantage of my research on these types of trends.
When the markets hand you this type of opportunity, you must be ready to pounce on these easy moves.
I try to teach everyone the hardest thing to learn is patience. You have to wait for the markets to give you these opportunities.
Watch this video to learn what to expect next week and the potential for a parabolic price trend going into the end of 2024.
I'll return with a new Plan Your Trade video for Monday and beyond.
Have a safe holiday weekend. I know lots of people are already traveling and visiting family.
SPY/QQQ Plan Your Trade July 3 ReviewThank you for all the great comments and suggestions. I love the fact that I'm helping so many traders find success with my research.
This video is really a recap of this week while we head into the 4th of July holiday and Friday's big Momentum Rally day.
Please take some time to review the other videos I have posted on TradingView to learn better techniques and refine your skills. You'll see me use these techniques over and over again on my charts.
Have a safe and fun 4th. We'll go get some more profits on Friday and into next week.
SPY/QQQ Plan Your Trade For July 3 - Early ConsolidationGood morning,
This continued video series highlights my SPY Cycle Patterns and attempts to teach you how to read these patterns and the price charts to plan your trades throughout the day.
Remember, I'm only looking for the best opportunities for trading profits. I plan to avoid any CHOP or sideways price action as it is not my style to scalp in and out of trades every 10 minutes.
I expect the upward price trend to continue, but it will happen later in the trading day (after Noon ET).
I expect the SPY/QQQ to consolidate in the early portion of the trading day - moving sideways and possibly pulling downward after yesterday's strong rally.
I believe that the price must attempt to consolidate into the channels related to momentum; then, the price may try to resume another momentum move higher.
So, I'm going to be patiently waiting out the first 2.5 hours of the trading day, looking for opportunities to buy into lower prices near 11-12 Noon ET, and expecting the markets to move into a momentum trend higher.
What I do may be different from what you decide to do as a trader. I'm just trying to help you see and plan for opportunities throughout the day.
Remember, Friday should be a very large price range day with a Momentum Rally pattern. It is not uncommon for that pattern's momentum to bleed into the end of today's trading day.
It should be a good day for traders.
Get some.
TSLA To The Moon?Tesla has had an amazinf rally in recent sessions.
We are now into major resistance. Hitting the weekly 200 MA
Hitting major downsloping trendline.
If we break this trendline a major bullish pattern is on watch. A weekly inverse head and shoulder pattern that could yield a 100% return.
If we reject here, a major bear pattern could take hold.
This level is so fascinating as it hinges on a major business milestone approaching in August.
The ROBOTAXI could be a game changer! Buy the rumour sell the news?
SPY/QQQ Plan Your Trade Review & Pre 4th ExpectationsThank you for all your comments, likes, and Boosts recently.
It's lovely to see my research helping so many traders.
I know some of you have recently been caught on the wrong side of market trends—this happens to the best of us. I've learned to wait out market activity I don't like and try to trade the bigger price swings, like the RALLY patterns yesterday and today.
You can't try to stand in front of the markets and force them to move in the direction you want. You have to stand back and catch moves that are opportunistic and present clear success opportunities.
This video reviews the past 8+ trading days, my SPY Cycle Pattern predictions, and what will likely happen over the next 7+ trading days.
In short, I expect the markets to slide into the July 4th holiday with a moderate melt-up trend and then move into a strong short squeeze on Friday (7/5).
This leads us to next week (8-12), where we'll get early Q2:2024 earnings data. I believe next week will continue the upward price trend - pushing the SPY above $560+.
The following week (15-19) is exciting. There is a very real potential for a moderately strong price correction on Wednesday/Thursday of this week, which could be a huge opportunity for skilled traders.
So, thank you again for commenting, liking, and Boosting these videos. I'll probably keep them going for a few weeks to help more traders.
Remember - focus on the facts/data and avoid the emotional side of trading. The markets always want to take your money. Find out how to wait for the markets to give you profit opportunities.
Plan Your Trade July 2 - The Big Rally Day Is Here.This continued series highlighting my SPY Cycle Patterns continues this week.
Today, the Rally pattern is in Trend mode. This usually suggests a powerful potential for a moderately large upward price bar on the SPY chart.
Although, this morning, we are seeing a moderately high pre-market price below yesterday's closing price. Does this negate the Rally pattern?
Nope. The pattern is fixed. It will either become successful or fail.
Remember, these SPY Cycle Patterns have a (roughly) 70% to 80% success rate. Thus, we can rely on them for guidance, but we must always prepare for potential failure (just like when making trading decisions).
I'm sticking to the SPY Cycle Patterns today. I'm not worried about the deep, lower opening price right now. However, this profoundly lower pre-market price could prompt a substantial"wash-out" event for the shorts when the market shifts to the regular session.
It seems that today is going to be a "make or break" day. Watch this video to see how I will play today's price action.
Go get some.
Innovation, Robots, Tech, Applied Tech Will SkyrocketI thought I would share some of my research for everyone to review.
Most of my work involves deep analysis of the markets related to shifting capital function, core fundamental dynamics, and future opportunities.
If you are following my SPY Cycle Patterns videos (the Plan Your Trade videos) - you already know how powerful my predictive models are.
Now, I'm sharing with you my belief that ignored, undervalued, and overlooked stocks/sectors are about to explode - and there are hundreds of symbols available for you to consider related to this move.
One of the most significant moves in 2025 and beyond will be the resurgence of innovation, robotics, technology, and applied functions related to the current/past technology boom. This is the 1990s (again) - leading to the second growth phase in new applications related to improved AI/tech capabilities.
You can profit from it if you take steps to prepare for the next 24+ months right now. All you have to do is watch this video, learn why I believe these will be some of the biggest movers over the next 24+ months, and then make your own decisions about what to trade.
Follow my research. My goal is to make you a better trader.
Right now, and for the next 7+ years, the markets will be the greatest opportunity of your life.
SPY Launching To $600+ - Then $730+. Get Ready.Have you been following my research?
Do you remember when I called a major base/bottom on 12-28-2022?
Do you remember when I stated, "The capitulation bottom will surprise traders" on 3-20-23?
Do you remember when I called for a "Tech-Bump" rally on 3-25-23?
Do you remember when I updated that peak potential to $425 on 4-26-23?
Do you remember when I stated, "The capital shift intensifies" on 6-25-23?
Do you remember when I warned of a China Credit Event/Crisis happening in 2024 on 8-20-23?
Do you remember when I warned, "US Markets May Double By 2029-30" on 4-21-24?
Now, almost 15+ months after all of these updates/warnings/videos, I ask you to take a look at what's happened in the markets and prepare for the biggest opportunity of your life.
Yes, I see the US indexes (SPY, Nasdaq, Dow Jones, and possibly the Russell 2000) potentially doubling (or more) before 2030-31.
Yes, I see the SPY rallying to levels above $730 in 2025, then stalling into a WAVE-B correction.
Are you ready for something different - factual data reported honestly and with a proven track record? Not hype. Not doom-n-gloom (CRASH posters).
My research is designed to help guide you through the next 10+ years of your life - protecting your assets, learning to become a more skilled trader/investor, and learning to rely on proven technology/concepts.
Are you ready for what's next? Maybe you need to try something different?
$TLT Breaking Four Year Downtrend?Looks to me that NASDAQ:TLT may be finally breaking a downtrend (Interest Rates Reversing Lower?). It is too early to tell for sure but it is an interesting development.
This could be a double edge sword. Rates coming down may be good for stocks short term but longer term it may well mean the bond markets are starting to see a recession ahead. That would not be good for equities.
This is may develop into a trade. All TBD.
KRE: Regional Bank Collapse?Financials have been demonstrating some interesting price action. We believe financials in the near term could be in for some choppy negative price action.
With yields now sitting at support during the recent selloff, banks haven't done all that well.
Were now at a point in the inflation fight where we could experience an upside move in inflation.
We just witnessed today the Canadian CPI came in much hotter.
To make matters worse, were at a time when central banks like the ECB, BOC, PBOC, BOJ are all loosening policy.
However this very laxy=daisy policy is what caused Oil to bottom on June 4th.
Oil has since moved up 13% in 2.5 weeks.
This will likely cause yields to have upward pressure since its inflationary to the economy.
If the US CPI comes in hotter expect no 2024 rate cut...banks would hate that. Im eyeing the head and shoulders breakdown.
$BITO Bitcoin ETF – Cup with Handle Formation?AMEX:BITO is a in a massive Cup w/Handle Formation. I was just going through weekly charts in sector ETFs, and this just popped right out to me. I do not have much to say about this except that these types of formations often lead to upside breakouts. Having said that I have an alert set on the upper downtrend line. Should that trigger, I will go to a lower timeframe chart to look for a low-risk entry where I can define my risk. Hope this helps.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Plan Your Trade 6/24/24 - Prepare For Rolling Price ActionThis continued video series focused on my SPY Cycle Patterns teaches you how to plan for future price swings and bigger trending days.
Today, I expect the SPY to stay relatively muted in trend—possibly moving downward overall. The Up-Down-Up (countertrend) pattern suggests that the price will want to move downward today, perhaps setting up support near $541.50 to $542.50.
I don't expect anything big to happen today as today's pattern is followed by three days of an upward price trend. That upward trend is your opportunity for profits.
Tuesday, Wednesday, & Thursday look like a bigger opportunity for long trades than Monday or Friday.
Friday's CRUSH pattern suggests a fairly strong downward price trend. I would be cautious of taking long positions on Friday until possibly the last 60-120 min of the day (if we see a short squeeze setup).
Please use this information efficiently. I'm trying to show you how to use my SPY Cycle Patterns to plan your trading and find the best opportunities.
I will have more info tomorrow as I continue this video series.
$TSLA Range Bound Trade?NASDAQ:TSLA I took a trading position in this yesterday at $169.55. The idea was that once I saw price rejection after the low of 167.41, it is a reversal play. There is still a good deal of resistance around that blue horizontal line. My idea or thought is that this has been range bound for some time as such it very well could go to that resistance area around $179 which is about a 5% move from my entry. I plan on selling some into that area and then decide to hold or sale if does or does not climb over that area.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
$MASI Cup with Handle Formation?NASDAQ:MASI This one has been in a longer-term downtrend which broke out in March then failed. When looking at the weekly chart, it looks to me that this latest formation can be classified as a Cup w/Handle.
In addition to the Cup w/Handle formation it has come down, tested and bounced off the 40 Week MA (White line) which seems to have acted as support.
I had an alert on the higher downtrend line as a trigger for a breakout of the Cup w/ Handle formation. It triggered today so I have opened a ½ size position with a stop on a close below the 40 Week MA. Which is a 4% stop. Now I can only manage risk, but I will look to add on follow through. All TBD.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
$CSLR Turn Around PlayNASDAQ:CSLR I have been long this for about 2 weeks adding along the way. This is a complete turn around play as there is a new CEO, COO and management team appointed. They have managed to renegotiated debt structure, most for equity swaps.
This is one of my rare situations that I have not set a stop as this could be a wild ride. So far, on average I'm up over 50% on averages up shares. I will be looking to add on just about any pullback.
My idea your money, do the research to see if the risk meets your trading style.
$TSLA Right at Resistance.NASDAQ:TSLA I had an alert set on the Area of Resistance Line on this chart. It triggered this morning and I have taken a ½ size position in anticipation of that becoming support. I do not know if it will play out that way so I have a stop under the 50 DMA (red) which would a 4% position risk. Should it move up and over the resistance area I will look to add. All TBD.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.