QQQ
QQQ Set To Fall! SELL!
My dear subscribers,
This is my opinion on the QQQ next move:
The instrument tests an important psychological level 462.97
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 450.36
My Stop Loss - 470.53
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
QQQ: Expecting Bearish Movement! Here is Why:
Balance of buyers and sellers on the QQQ pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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Trade Like A Sniper - Episode 26 - QQQ - (8th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing Investco QQQ Trust (QQQ), starting from the 4-Month chart.
If you want to learn more, check out my other videos on TradingView or on YT.
If you are interested in private coaching, feel free to get in touch via one of my socials.
QQQ Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for QQQ below:
The price is coiling around a solid key level - 451.74
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 455.42
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
$BOTZ Robotics and A.I. ETF – Double Top or Shakeout?Looking at this weekly chart NASDAQ:BOTZ has made a series of higher highs and higher lows, the definition of an uptrend. It did, however, fail to make a higher high in the last few weeks. The question is, is this an indication of a double top and ready for more downside or is it just a shakeout waiting to resume the uptrend? I do not know the answer.
I do like that it has been pulling back on light volume (no rush for the doors) and it just finished a 3 Weeks-Tight pattern. (If you look at the chart these are automatically calculated by the charting tool I am using and are marked with a white bar.) Looking back, you can see not all 3 Weeks-Tight lead to an uptrend. However, most of them do, so that is an edge, not a guarantee.
I do not like shorting stocks, so I look for edges to go long. It seems to me that continuing the uptrend is the path of least resistance. I have set an alert at $31.02 which was Friday, May 31 high that went just over Thursday, May 30 high of 30.99. This is a weekly chart so you cannot see those candles, if you look you will see that Friday’s candle looks to be a price rejection to the downside.
Should my alert trigger, I will look to go long with a stop just under Friday’s low of 30.35. And as always situational awareness is important to any trade.
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.
QQQ Will Collapse! SELL!
My dear subscribers,
This is my opinion on the QQQ next move:
The instrument tests an important psychological level 458.03
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 442.80
My Stop Loss - 467.33
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
$TAN Solar Starting to Shine?AMEX:TAN ETF looks like it has started a nice move. I got in on this one May 9th as it broke above the downtrend line for the second time since the gap up May 3rd. It came close to stopping me out on May 21st, but it held above my stop. I was rewarded on May 22nd with a massive volume surge, due in part by the big move on $FSLR. It looks to me to be at an area that may prove to be resistance. I am expecting some consolidation here (just because I expect it, doesn’t mean it will happen). If it can consolidate a bit and then break above that area, I will look to add to this position. I have a two-thirds size now. I think it can run to the $54 area from here. 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.
$QQQ Quick Market Crash from TOMORROW (or Fri) Till June 4th1. Everything fits perfectly into place from a Fibonacci POV.
2. Jamie Dimon (who likes to give passive bearish opinions) said today that he thinks Private Credit debt investments, like BCRED, Pimco Flex Cred, which are basically Privatized bonds, could become an ugly nightmare for grandma's or innocent investors, that are trying to get their money out and can't because of liquidation limits. Liqudation limits have been put on the Private REITS already (BRIET and Starwood Capitol REIT). But Private Credit Funds are made up of the same bullsh NYSE:T as in the movie "The BIG SHORT", those are collaterized debt obligations, that's right.
3. Interest rates, specifically the %-!) Year Treasury rates have SPIKED the last 2 days and mortgage rates will certainly follow suit, making home buying even harder. (again).
This will cause an already shaky real estate market, even shakier.
"SHAKE SHAKE SHAKE, Shake yo Booty"
4 This Bearish correction trend should start sharply with the initial drop ending at around Tues, June 4th, at approximately between 10am - 1pm.
5, In total, after a B wave up, we could see a bear market into Middle to End of July.
6.
a. My bearish trade will start with Credit Call Spreads, Aug 19th expiration, with the short calls at 0.25 Delta, the long calls will be around 0.10-0.05 delta.
b. Then I may take 1/2 of all that premium and start buying deep OTM puts with same expiration, and then just buy and sell those into July, but keeping the Credit Call spread in placed till 21 DTE, approx July 20th, when they should be near worthless.
Is Bitcoin a leading indicator of inflation?INDEX:BTCUSD Bitcoin is regarded (in some circles) as both a store of value and an inflation hedge.
But what if Bitcoin is a leading indicator of inflation?
In the chart shown, we can see the various Bitcoin peaks over the years preceding local peaks in US CPI (orange). The US interest rate is in blue.
The last 4 peaks in US CPI YoY have occurred between 6.4 and 8.5 months after a peak in Bitcoin's price.
Specifically:
June 2016 high - 37 weeks (8.5 months) later at 2.7%
December 2017 high - 28 weeks (6.4 months) later at 2.9%
June 2019 high - 31 weeks (7.1 months later) at 2.5%
November 2021 high - 33 weeks later (7.6 months later) at 9.1%
It's also worth noting that the sequence of highs is the same; both BTC and CPI have a lower high, a higher high, lower high, then higher high.
The peaks in 2011 and 2013 coincided with CPI highs 15 and 26 weeks later, but 2016/2017 was the time when crypto first entered the public's awareness.
So why does this happen? Do Bitcoin whales buying lambos stimulate inflation?
I'm joking, but I genuinely don't know, and I hope someone can explain lol.
I've wondered if it's a case of correlation in that rising inflation is usually a sign of easy financial conditions—the ideal conditions for a risk asset like BTC to pump—with Bitcoin being the first to benefit as the ultimate risk asset (at least in the world of mainstream finance). I'm not sure though.
The most concerning thing is the implication. We recently just made another all-time high in Bitcoin, but CPI sits at 3.4% at the time of writing, having moved sideways for almost a year now.
As for whether this is a crazy coincidence, or me reaching to an astronomical degree, I don't know.
The average period of time over these last 4 periods is 32 weeks, or around October/November time. The only catalysts I see are the US government spending money like it's going out of fashion and rising commodity prices.
I'll also note that there doesn't seem to be any correlation with lows in inflation.
Personal opinion on inflation:
US inflation is stalling, rising, and falling across different measures. Producer prices, services inflation, annual PCE, and some core measures are tilting up. The only real decline recently has been core CPI.
It's also interesting to note that 1 and 5-year Michigan inflation expectations are 3.3% and 3%, respectively.
Multiple Fed officials have been hawkish lately:
Fed's Barr: Q1 inflation was disappointing, it did not provide the confidence needed to ease monetary policy.
Fed's Mester: Inflation risks are tilted to the upside.
Fed's Bostic: It would not surprise me if it took longer to get to 2% inflation in the US than elsewhere.
Given that we've reached a peak in interest rates (for the time being) but inflation has been moving sideways for around a year now, something has to change.
It could be argued that monetary policy still needs time to work, but that doesn't really mesh with measures of inflation stalling or rising over the past year. Wouldn't the lag effect continue working to drive inflation lower? Likewise, why would the US economy be growing as fast as it is?
One or more of three things will need to change: inflation, unemployment, or interest rates.
Unemployment is at 3.9%, low by historical standards but rising since early 2022.
Inflation, especially with what we've seen here, may also be on the rise soon.
If the main lever the Fed has is monetary policy, it faces a dilemma. The data doesn't support a rate cut right now, while unemployment is rising slowly. If inflation begins to rise again, it may need to hike interest rates—not ideal when Joe desperately needs one for the upcoming election.
This scenario of high inflation and high unemployment—stagflation—is what JPMorgan's CEO, Jamie Dimon, has been warning of :
'It’s a warning Dimon has issued before, previously saying he fears America is headed for a repeat of the 1970s when everything “felt great” and then quickly about-turned to a period of high unemployment and inflation paired with low demand, also known as “stagflation.”
Appearing at AllianceBernstein’s Strategic Decisions conference on Wednesday, Dimon said he simply can’t see how the past five years of massive fiscal and monetary stimulus could result in anything other than this scenario.
As it stands, the US dollar looks ready to surge higher and clear 2023 highs:
While SPY and BTC, adjusted for inflation (CPI figure taken from first day of trading), sit below their 2021 highs:
I am aware that the human tendency to look for patterns and confirmation bias may be clouding my judgement. However, in my view, the market is severely underestimating the risk of higher inflation and a potential interest rate hike, which I believe will drive the dollar higher throughout the rest of 2024.
According to the Bitcoin chart, another wave of inflation could be back above 7%+. I personally find that hard to imagine, but second round effects in the 1970s saw inflation shoot past its previous peak. Deutsche Bank has drawn parallels with the 1970s .
Long-term views:
Long USD, Oil
Short risk assets (equities, crypto)
Unsure on gold and silver but skewed lower
For these views to be truly validated, I would like to see:
TVC:DXY above 105.75
NYMEX:CL1! above 84
AMEX:SPY below 494
NASDAQ:QQQ below 414
INDEX:BTCUSD below 56,500
This is not financial advice, nor a recommendation. I wrote this to bring attention to something strange I'd found, and strongly encourage you to do your own research. Thank you for reading.
Sine Curves and NasdaqSharing a quick chart art analysis of sine curves over the Nasdaq.
If this kind of pattern continues, we should see the start of a sideways move over to the second half of the sine curve after which, the move to the top continues. If the pattern holds true, we can expect a retracement in the 40% to 30% range sometime in an 18 month timeline.
Short and BTFD on the transition across during the Summer
Long in the Autumn for the final leg up
Note that the first two sine curves complete on a 2 year schedule and are part of a similar inflation regime. This current sine curve looks set to extend to 4 years with significant inflationary attributes.
I think this is interesting because it is not a click bate doom scenario nor is it a full guns blazing BTFD scenario.
Anyhoo... it's chart art. Take it for what it is.
$WMT 10D, $56 incoming, Tower Top BreakdownTower Top Breakdown in the works. Seems like whatever or whenever it happens, it will be close to next Friday. Remain Bearish unless new highs are established. Seemingly easy Trade here. MACD in same positioning as well as RSI. Seems like WMT doesn't get much volume in general. Not necessarily a bad thing. Options could pay well here.
Members Daily Analysis - May 22 2024Markets Sold off: IWM (Small caps) underperformed.
Most commodities hit on the downside: Gold, Silver, Copper, Oil
Natural Gas surging & squeezing
NVDA pumping on earnings: Our SOXL calls will print.
SemiConductors i'll be trading tomorrow. NASDAQ:ON , NASDAQ:SMCI , NASDAQ:ARM