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$QCOM Volatility Contraction Pattern? (VCP)NASDAQ:QCOM has gotten a lot of bad news over the past few months, and it’s share price shows it. However, the chip sector is doing well, and you cannot count QCOM as down and out. After setting a low on August 5th it has now put in a series of higher lows and is tightening up (coiling) which is forming a VCP. I like this technical setup and have an alert set in case the price moves up and over the downtrend line. Note that there seems to be a heavy area of resistance just above the horizontal line area. If I take this as a trade the chart clearly shows where my stop is going to be for a low risk reward trade. All TBD. Here is some news helping NASDAQ:HON but who are they going to for AI solutions? Honeywell International Inc. HON shares are trading higher on Wednesday. The company expanded its collaboration with QUALCOMM Incorporated QCOM to create new AI-enabled solutions for the energy sector. However, there is also concern that NASDAQ:AAPL iPhone sales are not great, and they use QCOM chips. AAPL is also developing their own chips. But QCOM chips are used in the auto industry and many other industries as well.
NASDAQ:QCOMLong
by jaxdog
SPY/QQQ Plan Your Trade For 10-21: Gap Potential PatternToday's pattern suggests an opening price Gap is likely. Given the markets are trading slightly lower this morning, this Gap potential plays very well with my Roadmap trading outline from last week. I highlighted the need to sell out of positions last Friday and look to buy into the Gap Potential pattern today. If the markets rally off this opening gap pattern, we could see a nice move in the SPY up to 587-588+. Gold and Silver are rallying again. But be aware today is a TOP pattern for Gold/Silver. That means both Gold & Silver will attempt to identify resistance and move away (lower) from that resistance level. Bitcoin looks to have moved into the Ultimate Peak level on an intermediate-term Excess Phase Peak pattern. Additionally, the deeper low sets up a longer-term Excess Phase Peak pattern that suggests Bitcoin has entered the Consolidation Phase (#3). Because of this, I suspect Bitcoin will fall below the FWB:67K level and potentially move into broad consolidation for a minimum of at least 5-6 weeks. These Consolidation phases in longer-term Excess Phase Peak patterns can be brutal for traders. The volatility of these consolidation phases can present real challenges and last about 50% of the time it took to Flag. Given this information, we may see many weeks of consolidation within a range in Bitcoin - possibly lasting into December 2024. This will be a tough week for traders. Try to stay aware of the bigger picture and play the rotation headed into next week. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDLong
by BradMatheny
5
Are we setting up for a 5-10% pullback pre-election?AMEX:SPY looks exhausted here and everyone is extremely bullish at the highs. Sentiment is at extremes and we have demark combo 13s that triggered at the end of last week. On top of that, we've been moving up in a rising wedge that looks set to break down. Also, if we look at the chart, there's an imbalance in price action as we have largely gone straight up since the August 5th low and the area I've highlighted hasn't been retested at support. All this leads me to believe that we should see a 5-10% pullback in the next couple of weeks prior to the election. Why in the next two weeks? From a candlestick perspective, we're starting a new 2D, 3D, 2W, 3W candle today which leaves the possibility open of a trend change to start today. I expect the move to play out before the election. I'm playing this idea solely through volatility calls which I averaged into Wednesday-Friday last week. Let's see if it plays out.
AMEX:SPYShort
by benjihyam
SPY Technical Analysis! SELL! My dear subscribers, SPY looks like it will make a good move, and here are the details: The market is trading on 584.57 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 577.22 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. ——————————— WISH YOU ALL LUCK
AMEX:SPYShort
by AnabelSignals
3
$NQ outlook headed into OCT. 21 WEEKMarket structure still shows us that it is bullish based on Technicals. No catalyst yet for a big bearish move/correction/pullback. Friday ended as an inside bar /1 / harami. Means an explosive move is coming. Got a 2-1-2 going into Monday. The overall market structure is still bullish with higher lows and higher highs. Rejection off the order blocks from April time frame and the SEPT bounce off the imbalance created in AUG. There's no real catalyst 'yet' for a big bearish move. I'd watch how Sunday night's global opens and see what transpires during the London session of NYSE:ES SEED_ALEXDRAYM_SHORTINTEREST2:NQ Similar to my NASDAQ:QQQ post a week ago, price is still respecting the upward trendline which is now annotated with the green triangle. Watch for price for the rest of OCT attempt to take out ATH (Liquidity) at 20983.75 and potentially reverse/stall at 21,000. Why that number? Psychological level along with where many algos most likely set their orders along with those who went short at ATH set their stops ABOVE entry. THIS IS NOT FINANCIAL ADVICE but an OPINION. #SPY #MSFT NASDAQ:AAPL #AAPL NASDAQ:AMZN #AMZN NASDAQ:QQQ #QQQ #ICT NYSE:ES #ES SP:SPX #SPX #thestrat SEED_ALEXDRAYM_SHORTINTEREST2:NQ AMEX:SPY #NQ NASDAQ:MSFT NASDAQ:TSLA #TSLA NASDAQ:NVDA NASDAQ:AMD #NVDA #AMD
CME_MINI:NQ1!
by SADnation
$SPY Outlook for OCT 21, 2024AMEX:SPY headed into this week is an inside bar / 1 / harami. Means an explosive move is coming. Got a 2-1-2 going into Monday. The overall market structure is still bullish with higher lows and higher highs. There's no real catalyst ' yet ' for a big bearish move. I'd watch how Sunday night's global opens and see what transpires during the London session of NYSE:ES SEED_ALEXDRAYM_SHORTINTEREST2:NQ There still a GAP downside that was not completely filled last week. #SPY is in this rising wedge pattern and been respecting the TL (Green/Red). The pivot for SPY will be 583.99 - 584.55. If the bulls hold above that, you will see 585.39 get taken and then potentially 586.12. Failure by the bears to stop the move up and 587/587.35/588 will be on the path. If the bears take control and break the pivot zone, then you will see 583.67 / 583.2 / 582.6 / 582.33 and 581.82 / 581.5 / 580.9 Market Structure starts to change with a break of 582.16. A true MSS comes at 565 break. Keep in mind, there is a divergence between NASDAQ:QQQ and AMEX:SPY This is NOT FINANCIAL ADVISE! #SPY #MSFT NASDAQ:AAPL #AAPL NASDAQ:AMZN #AMZN NASDAQ:QQQ #QQQ #ICT NYSE:ES #ES SP:SPX #SPX #thestrat SEED_ALEXDRAYM_SHORTINTEREST2:NQ AMEX:SPY #NQ NASDAQ:MSFT NASDAQ:TSLA #TSLA NASDAQ:NVDA NASDAQ:AMD #NVDA #AMD
AMEX:SPY
by SADnation
SPY Loosing Momentum ! SPYLOVERS DONT PANIC ! Its OKAfter several weeks of analysis, the price reached its all-time highs twice, creating a new extreme. Att his moment is what i call in a no man's land zone. But what do I see in the overall structure? If you can clearly identify the yellow upward channel, I want you to split it in half, and we will analyze the two parts. In the first half, we have an active price movement, with clear fluctuations between support and resistance. The high volatility causes the price to move in waves, perfectly respecting support and resistance. But if you can manage to identify the second half, up until the end of the channel, you'll see that the price shows signs of exhaustion. Exhaustion, how? When the price stops having that volatility everyone is looking for, and begins to slow down and starts moving like a worm along the edge of the channel’s support, showing small candles and, above all, losing momentum. (In the chart, I want you to identify the price exhaustion by marking it with a small symbol of a worm crawling along the channel's support.) This type of behavior happens frequently when the price is losing momentum. In this type of scenario, I am more than certain that we will soon see a move where the price might break out of the yellow channel. Most likely, we will see the price make its natural retracement. After achieving two all-time highs, I believe it's time for the price to take a break, either to consolidate or make a quick decision. Nevertheless, I am expecting the price to make its natural pullback in the coming week. We’ll see if it happens. Best regards, and thank you for supporting my analysis.
AMEX:SPY
by RocketMike111
$TSLA - BEAR FLAG $174 PT, Medium Term PT $138 at Double BottomBear Flag is setting up nicely like the previously bear flag. Length of Pole - Measured downside move to a price objective of $174. There is also a major gap that hasn't been filled. The stock will eventually fill the gap with a support at a double bottom of $138. Overall, Tesla is more bearish and than bullish. Short on further downside. Fundamentally, it is trading at an egregiously overvalued Forward PEG of 6.53 and a forward PE of 81 while growth is expected to be stagnant YOY with no concrete evidence of renewed growth for the next year. Even if you assume the company gets back to 50% growth next year, its current valuation on forward PEG and PE would still be overvalued and would need time to grow into its valuation.
NASDAQ:TSLAShort
by TheTradingStar
1
10/17 Give us a healthy pull back. Overview: The AMEX:SPY continues its upward trajectory, hitting new all-time highs. The bullish momentum is supported by more companies exceeding earnings expectations this week. Despite rising unemployment and persistent inflation, corporations are posting record profits. It’s a reminder that the stock market and the economy don’t always move in sync. The NASDAQ:QQQ , representing big tech, is hovering near its all-time high but struggling to break through. The Federal Reserve reported fewer initial jobless claims at 241k, a decrease from last week, but still higher than the average over the last three years. The CME Watch Tool now indicates a 9.3% chance of no rate cut in the next meeting on November 7th, influenced by these labor market figures. Meanwhile, a surge in BTC ETF purchases has been observed throughout the week. Yesterday, BlackRock acquired $309 million worth, nearly tripling its average of $117.4 million. This marks their fourth consecutive day of buying. Even Grayscale joined the action. Altogether, $1.854 billion flowed into BTC ETFs this week. This could either mark the peak of the sixth bullish wave or set up a breakout from the year-long bullish flag pattern. BTC saw an 8% rise this week, making it one of the top five best-performing weeks of the year, including February's pump following BTC ETF approval. However, the volume remains lower than expected. For a full trend confirmation, we need institutional whales to join in. If we are indeed breaking out of the bullish flag, the volume should match levels seen at the beginning of the bull run in October and November 2023, when weekly volumes were 80-100% higher than this week. BTC Technical Analysis: W: On the weekly chart, BINANCE:BTCUSDT candle wick has reached July's open and close but hasn't tested its highs around $70k. A close above $68.2k this week would be a bullish signal. We still have Friday, but the weekend isn’t likely to bring much action. D: BTC has been at the upper Bollinger Band for four consecutive days without any correction or pullback. The candles are reminiscent of the week of September 3rd, which saw an 8.5% pump, followed by a fake breakout and an additional 4.54% rise before a sharp decline wiped out all gains within ten days. A healthy pullback could target the $64-68k range—but of course, the bullish sentiment says, "No pullbacks on the way to the moon!" 4h: The current pump started at the key 2024 level of $62.7k, rising in three waves. The third push had lower volume, signaling a price-volume divergence. RSI has exceeded 70 twice and is now trending down, showing divergence with the price. On-Balance Volume (OBV) and Cumulative Volume Delta (CVD) also indicate divergence. Without a clear shooting star candle with high volume, nothing is confirmed yet. We might see some sideways action over the weekend before a possible breakout on Sunday evening. 1h: Bearish. Alts Relative to BTC: ETH, SOL, and NEAR are showing weakness. None have reached their July peaks like BTC, and they have all pulled back after this week’s pump. Quick question: Does MKR have a bottom? Bull Case: If we continue breaking out of the bull flag, the pump could extend into next week, with potential gains of another 6-8%. If Trump wins and crypto rallies, rates could be cut in November and December, bringing them down to 4.25-4.50%. Bear Case: We could continue oscillating within the $58-70k range, and we are currently at the upper end. Fear and Greed Index: Currently at 58, still Neutral, but it touched the Greed level of 60 yesterday.
COINBASE:BTCUSD
by EvgenCapital
SPY/QQQ Plan Your Trade For 10-18 : Tmp-Bottom PatternHappy Friday, Today's pattern is a Tmp-Bottom pattern for the SPY Cycle Patterns. This pattern usually acts as price attempting to find immediate support in early trading, then moving into a moderate melt-up rally. After yesterday's big opening gap (higher) on the SPY, I suspect the SPY & QQQ will attempt to rally back to those highs and possibly attempt to break those highs today. In other words, I believe yesterday's opening price high was a reaction price level where price ran into immediate resistance. After watching price roll downward and now attempt to melt upward in overnight trading, I interpret this move as "failing to continue to establish new lower lows". Thus, price then shifts into a mode of "must attempt to make higher highs". If my analysis is correct, we'll see the SPY/QQQ melt upward off the Tmp-Bottom pattern and possibly attempt to move up 1.25-1.50%+ today. Gold and Silver are playing out very nicely - still moving in a solid rally phase. Bitcoin continues to consolidate sideways. The length of time Bitcoin has consolidated could present a very big breakout or breakdown pattern over the next 2 to 5+ days. So, be aware that any move away from the #3 & #4 consolidation phase of the Excess Phase Peak pattern could resolve into a very big price move for Bitcoin. Currently, I suggest the downward price move has a slight advantage - simply because of the failed new highs (price rejection). But, that could change in an instant with a confirmed higher high/higher close. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDLong
by BradMatheny
3
SPY/ES1! Flagging In Bullish Carryover Trend - Squeeze PosssibleCheck out the APEX FLAGGING formation in the SPY and ES chart; they are aligning perfectly. If my analysis is correct, the SPY and ES should move into an upward price squeeze after the Flag Apex volatility period (roughly 20+ minutes) is complete. That means the SPY and ES should move into a more defined upward price trend as we close out the day today - possibly carrying into tomorrow. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
CME_MINI:ES1!Long
by BradMatheny
5
SPY/QQQ Plan Your Trade For 10-17 : CarryOver In CarryOver ModeGood morning, Great to see the ES/NQ rallying higher this morning - in perfect alignment with my SPY Cycle Patterns & predictions. Gold & Silver are also moving slightly higher - but remember My Gold patterns suggest Gold & Silver will consolidate a bit in early trading today. BTCUSD is a really interesting chart, in my opinion. The multiple Excess Phase Peak patterns are playing into a potentially very large downward price move. Pay attention to all of the content in this video today because we are moving into the end of this week - which means we need to prepare for the volatility that starts next week. As I keep suggesting to everyone, trading is about attempting to time the best opportunities for success. Knowing when something may happen that creates an opportunity, setting your risk levels, and going for it. I wish I could tell you, "Trading is like picking red or black". It's not. Trader's have to develop almost a 6th sense to be able to see and visualize what is most likely to happen in the future. My tools help me see into the future a bit, but a lot of my analysis comes from within my head. Anyway, the best way for you to learn these skills is from someone who can mentor you and show you what they are seeing on the chart. Teaching you the skills to improve your own abilities to make better decisions. That is what I'm doing. Over time, you will learn to use these techniques to make better decisions and become a better trader (at least that is my objective). Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
5
2024-10-16 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr Indexes - Bears hoped for a second leg down and build decent selling pressure but bulls bought the dip. Nothing unexpected and we likely continue sideways at the highs until bears give up again or more bulls get exhausted and want to secure profits. Technically I expect another leg down but we could retest the highs first. Don’t overstay your welcome in positions. comment: 5850 was the low yesterday and bears could not break below. Weak bears gave up and we closed around the 50% pullback from Tuesday’s selling. Where does this leave us? Nowhere. 5890ish is the worst place to trade now because it’s the exact mid point of this trading range. Wait for strong momentum or until we reach one of the extremes again. These bullish earnings should have taken the market higher by now if you ask me. So there is a decent chance we are forming a credible top. 5850 - 5920 is the current range and until we see the MAG7 earnings, it probably won’t break out of it. current market cycle: bull trend (bull wedge) key levels: 5850 - 5920 bull case: Bulls bought the dip, no surprise there. They want 5900+ next and they will probably continue to buy 5850. No more magic to this. Since it was a bullish close, bulls are very slightly favored higher tomorrow but I would not buy 5886 right now. Invalidation is below 5850. bear case: Bears tried and failed. They have to make the market more neutral and trade sideways until more bulls want out of their position. BTFD is still strong. Anything above 5850 is bullish and bears have to scalp. Earnings will probably set the next impulse to either side. Invalidation is above 5920. short term: Neutral inside given range. medium-long term - Update from 2024-10-13: Very rough guess for the remaining trading weeks in 2024. Spike up, decent correction (~10%), nasty (blow off top) year end rally if earnings hold in Q4. Don’t trade based on that guess. current swing trade: Nope trade of the day: Long the double bottom with yesterday’s low. Very obvious trade that worked greatly.
CME_MINI:MES1!
by priceactiontds
SPY/QQQ Plan Your Trade: 10-16 UpdateLearn to watch for signs of major market contagion by watching key sectors. In my opinion, the biggest sectors: Like Transportation, Financials, Gold, and Crude Oil, will lead any major market collapse - often by 7-10+ days. This videos highlights what I believe most traders need to watch in terms of understanding when/where opportunities are for long trades while attempting to gauge risks related to any type of broad market collapse event. Spend some time looking over this custom Crash Index and let me know if you see any correlations related to when the SPY/QQQ move more than 7-8% downward in any sudden price moves... (XLF+IYT+GDX+XOP)/4 Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:XLFLong
by BradMatheny