SOFI ANALYSIS APRIL 3 2024This is my analysis for SOFI . I have clearly explained the price action and why I feel the need to wait for further price action.
NOTE: WAIT FOR FURTHER PRICE ACTION
QQQ
So goes Apple so goes the market? The old wall street adage! so goes apple....
Were at a pretty interesting level.
Are market makers going to make this breakdown in apple easy?
A head & shoulders breakdown is now on watch for a confirmed break.
This does imply a decent down move and will undoubtedly weigh on markets if it happens.
Keep an eye on the second largest company in the world.
QQQ top wave count wave C down has ended in wave B LOW QQQ chart posted so far we have dropped in a 3 wave decline and to .667 pullback NOT what I like to see but still it is 3 waves down This should market wave B down within the 5th wave diagonal . This should lead to a rather weak rally to just edge out the high at 449.48 and could see 451/452 still But I will not be long calls in QQQ for now . But I have moved into 40% net long spy calls this morning at 10 am up from the 10 % . Best of trades WAVETIMER watch for april 8th TURN
TSLA 1 MARCH 2024I feel TSLA has started breaking resistances. Let's wait for the momentum to kick in but no shorts should be traded in it.
you can average down here.
NOTE: AVOID SHORTIN TESLA
NQ 4H Analysis - Range BoundThe SEED_ALEXDRAYM_SHORTINTEREST2:NQ 4H is currently in a range, marked by a shifting structure to the downside. Despite attempts to regain momentum, buyers have been unsuccessful, as demonstrated by the annotated sweep on the chart. We are now in a holding pattern, waiting for a direction to be chosen. While the overall trend remains bullish, we are in a cautious phase due to the market forming a balanced range.
There is a bullish internal structure flip, followed by a notably bullish 4H bar. However, the sweep above previous highs indicates that buyers were not ready to drive prices higher. Attempts to rebound on every previous internal lower high fell short, leading us back to where the internal structure flip occurred.
Buyers emerged again off of the internal structure flip high, but unless a higher low is formed and prior highs are finally surpassed, it seems that the momentum is dwindling. This could potentially signal the onset of buyer exhaustion and early indications of a larger timeframe pullback at the beginning stages.
QQQ Is it topping before a crash or setting up a correction?QQQ is on a weekly chart. Only the pundits, soothsayers and headline readership volume seekers
know for sure. Will not the upcoming elections prop things up? Buy in March April and May
and then go away? Is this spring coming up roses or instead dandelions?
SPY WEEKLY 1 APRIL 2024Spy weekly is here and if you have any doubts do let me know. I have discussed all the possibilities in this analysis.
NOTE: DO NOT SHORT
$QQQ Day Trade breakdown As a day trader one of our best trigger levels come from the previous day low/closing price. Well this happened to be both here on QQQ and we have a steep correction into $443 level which was the previous day low/close. We see the bear flag form back into resistance and we look to take it short here for a move further to the downside.
Is NQ Ready for A Markdown?Using the Wyckoff cycle, NQ could be indicating it's ready for a markdown phase.
Spy is looking bullish Spy is looking bullish at cmp.
Targets were discussed in spy weekly.
This is a swing trade with SLs 513 hourly candle closing.
QQQ The Target Is DOWN! SELL!
My dear subscribers,
QQQ looks like it will make a good move, and here are the details:
The market is trading on 446.21 pivot level.
Bias - Bearish
My Stop Loss - 452.09
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 435.52
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
QQQ (Nasdaq etf) - Potential Bearish Momentum - WeeklyQQQ (nasdaq etf) has been uptrending for over a year (2023 to 2024).
However, signs of a potential pullback in the long-term charts are showing with the price and rsi oscillator.
In the long-term, a potential pullback may occur in the price, and the price could fall down to $426, $419, $400, $394 support levels.
Long-term resistance levels are: $460, $470, $480, $500.
QQQ etf volatility and trend can be affected by FOMC Interest Rates, Corporate Earnings, Consumer Sentiment, and Global Event Catalysts.
A major bearish catalyst or a series of bearish events would be needed to reverse the price back down.
Note: Without bearish events, the price of QQQ could continue rallying to new all-time highs.
$ARKK - VCP (Volatility Contraction Pattern)AMEX:ARKK Mark Minervini made famous the VCP as a set-up. It is also simply a wedging pattern that can break either way. However, where there was a previous uptrend, like in this chart, the direction of the break is usually to the upside. The path of least resistance is a continuation of the previous trend.
ARKK had a move of over 60% from the Oct 30th low to the Dec 27th high. It pulled back about 18% from that high and has been digesting since and is now down less than 8% from that most recent high.
As in life there are no guarantees on this. But here is my plan, I have an alert set on the upper downtrend line. Should that trigger, I will look to go long with a stop either below that day’s low or a close below the 20 EMA (White). All TBD.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NQ_F / QQQ Descending Triangle Into Demand / FOMC Analysis We see NQ forming a descending triangle into a key demand zone of 18165-18075 along with a key support zone of 18100-18060 that's been holding for some time now. With FOMC tomorrow, this will be a key zone, along with the descending pattern.
Below 18060 puts targets below into play.
Break above the descending triangle puts ATH back into pay.
Nasdaq, Semiconductors, Natural Gas, Bitcoin: FOMC reviewDiscussing the sell off in semis today.
Potential reversal in Nat gas
Bitcoin & crypto selloff.
FOMC tomorrow: No rate cut.
Will Powell come out hawkish tomorrow? its looking likely he will based off of the BOJ rate hike. Oil surging doesn't help the dovish case.
Commodities breaking out doesn't help the inflation fight.
QQQ Falling Out of Channel on Quad Witching DayQQQ is down over 1% today and falling out of the channel it's been in since October. It's quad witching today so could not be a coincidence that the market might be changing phases. An obvious spot for support would be the 50 EMA down between $425-$427.
