MuggaMatrix

MuggaMatrix

I see a somewhat double rejection at 500-501 on the Daily. Right now, we are hovering around the Upside of this trend Channel & resistance level 516. I’m looking for a buy up to 519 then a reversal To 516 for double bottom to Break out of the trend we’ve been in. If we fail to a double bottom at 516 And Sell through 516 we remain in a Weekly down trend for . 519...

MuggaMatrix

Downwards trend Channel which Upwards Started at 497 Support. While we remain inside the trend channel, look for a break above 519 level and retest for a buy up to 526 and Take Profit. Watch for reversal at 526 , break and retest 526 to consider more trending upward movement. Reversal at 526 we Sell Down to 497 For the Rest of the week .

MuggaMatrix

A 52 week high was made on Monday, December 16 at $539 on QQQ . The fed Powell released the news he’s cutting rates by a quarter of a percent which caused the market to plummet ,Banks also manipulating the market to get into these buying opportunities. We are currently failing to break above 520 , also struggling to fully break below 515 . We will continue to sell...