QQQ opening near the top end of its triangle. Looking for a break above which should lead to a move up to ATH. We also have a longer term trendline that will be potential resistance shortly above. If we can clear all of that, I'd look for a rejection at ATH for a potential long on the trendline retest as shown above. If it can't break, downside target would be...
Here's a broadening wedge on the 1hr. I have posted about the previous supply zone I expect to flip to demand starting around $544.45, also a previous ATH and there's a gap in the area. Ideally it would move down into demand and tap the lower trendline at the same time. I think anywhere in the $540 - $545 area would be a good spot to long with a stop below...
Nice looking chart here on GOOGL IMO. I'm mainly focused on the two secondary trendlines. One is an uptrend and the other is a previous downtrend that has been broken. Price just tapped both of these trendlines at the same time and held after a recent sell off. This looks like a great spot to long if you ask me, but it could be used for a short if it falls below....
BTC still hovering near $100k, so that is obviously going to heavily influence COIN.COIN traded mostly sideways in the back of November and looks ready to move. We are right in the middle of the range right now so maybe not the best entry, but if you buy time it's not so much of a problem. First upside target will be the previous swing high around $335. Downside...
Only a 15m chart, but this thing has not slowed down at all. Forming another bullish pennant/wedge. First upside target would be the previous swing high and I'd expect that to hold as support if it does get broken. If we get a downside break, will be looking for potential long entries on the trendline test below.
Yet another new ATH for SPY today. Still flat on the session. It's been some pretty brutal chop for the last few hours. It remains to be seen if SPY will be able to break above this trendline or not. If it can, I'll be looking for dips and retests for longs. Otherwise, downside target is $600 and then $596 if it keeps going. Hard to pick an upside target with...
I would say this is a very bullish looking chart for SQ. Big gap up above its falling wedge. I'd expect more upside, but so far it failed to sustain above $94. $94 will be my main level here. The context is bullish so I'll stick to the long bias for now, but I wouldn't be excited about longing it now under $94. If it can reclaim and sustain above I'll be looking...
Quick flush on NVDA here after it broke below $140. Coming in to the $131.50 area now, must hold for bulls. I'd expect it to hold until it doesn't. $125 seems likely if it can't hold here.
Piggybacking off of last week's idea on this one. TSLA continues to look unstoppable, nice bull flag breakout last week that rejected where you'd expect. Now we're seeing some more bullish consolidation and a smaller pennant. This pennant is not the cleanest, but either way it's quite a bullish looking chart IMO. This is just a 15m, you can zoom out or see old...
AAPL recently broke below a longer term uptrend but has mostly moved sideways since. Now we have a clean looking wedge forming on the 1hr. It closed right around $230 last week, price has had a hard time moving above lately. It'll be a key area to use for directional bias in the short term. I'll be looking for puts targeting about $216 if we fail at $230 and...
INTC is set to gap up and open near the top end of its bull flag. If it can open above and stay above I'll look for longs for a move up to $26.40. Ideally we'd get a retest of the flag before moving higher, but that may never happen. There's also a lot more upside potential if it takes out $26.40 as well. I'd consider this invalid if it can't remain above the top...
I'm not much of a speculator anymore, but if I were to speculate on what may be the biggest return in crypto outside of BTC and some random meme coins that pump crazy amounts, I would choose XRP. I have reasons, but it's just speculation and not that important. For the chart, pretty neutral IMO. Big time triangle is forming though so we should get a better sense...
Bulls recovered nicely after giving up $95k. We have a couple of shorter term bull flags on the 15m now as it approaches $100k again. The last one led to a nice breakout and we're sitting at the top end of the current one. A breakout above could be the beginning of the final run to $100k. If it fails and falls back below $95k, next stop would be the recent low...
MSTR has been trending down since late last week, but is now coming into an important area of support around $370. There's good potential for bulls to hold here which should lead to a breakout above the channel and a move back up towards $490-$500. If it can't hold $370, that's not great but it would still have potential trendline support below along with previous...
Decent little sell off this morning, ES coming into trendline support, important for bulls to hold it here. If we bounce I'll look for a move back up to the trendline above for a potential breakout. If it breaks below and can't hold 6k, I would definitely avoid longs until around 5950 at least.
BTC is trying to hold its uptrend line after a brief move below. If it can hold here and breakout above this wedge, first target and potential short entry is around $95.6k. Second target is the trendline above, if it can take that out, it will pave the way for a move back up to ATH and $100k. If it can't hold this trendline support or reclaim 95.6k, downside...
Futures are moving lower after Trump's post about tariffs, I don't think this news is significant, but we could move down tomorrow on technicals alone. Currently trading below today's low of day, we had a pretty big rejection this morning and couldn't hold above 6k or 5990. If we do not reclaim 6k overnight or shortly after open tomorrow, bulls may be in trouble....
We're still riding this trend up since early November. We have retraced nearly the entire election move, but bounced at the top end before moving down to fill that gap. Some important areas and scenarios I think are likely: #1 - A move up to supply/ATH/upper end of the channel which leads to a rejection. The channel holds after a small pullback and we go on to...