Shampiki

Shampiki

The Dow Jones is forming a textbook head and shoulders pattern on the 1-hour timeframe. If the neckline breaks at 440, we can expect a downtrend toward 425, aiming to fill the significant gap in that area. The stop loss is set at the shoulder level of 445, with the ideal short entry below 438. Key support levels along the way are marked in blue.

Shampiki

After gapping down last week, we consolidated for the remainder of the week and successfully filled the gap. February is likely to be a bearish month. There’s a possibility that a double top has formed, and if we fail to break last week’s high while dropping below 600, a sharp decline could follow. Key support levels to watch if SPY moves lower next...

Shampiki

IWM has been consolidating for 10 consecutive days, indicating a lack of strong buying interest despite an attempted breakout. If the price falls below 224, the next key support level is 214. If 214 fails to hold, the next major support is at 204.

Shampiki

Spice recently tested its previous high, but the volume appears too weak to sustain the level. A pullback to at least 585 seems likely in the last week of January 2025. If 585 fails to hold, the next support level is around 575.

Shampiki

IWM is currently in a clear downtrend, forming lower highs and lower lows within a declining channel. A significant selloff could occur in the final week of January, potentially driving the price to establish another lower low. A solid trading strategy to capitalize on this trend would be selling call credit spreads or buying puts to align with the bearish momentum.

Shampiki

SMH may pull back to fill the gap above 230 before breaking out. Volume has been looking weak for bulls. So a retracement may need to happen before we have another breakout above resistance and run to retest all time highs

Shampiki

SPX has a gap to fill between 5370 and 5400. If we make a trade lower July first we will fill that gap before seeing new highs. Macd, RSI divergence and Stochastic RSI are all showing downside Momentum. After the gap fill if SPX stays above 5470 it may get

Shampiki

Bitcoin has been consolidating for 6 days a break above the blue line will lead to more volatility. There could be some resistance at 68200 and pull back to retest the blue line. Above 68200 the next resistance will be 73800

Shampiki

If qqq can stay above 444 on the daily timeframe, I can see us making a run towards 460 anytime before April 05 2024, the best entry for a trade will be above the previous high at 448.

Shampiki

AMD is on the verge of a breakout. Its a very good buy right now if it can stay about 183. We may face a bit of resistance on the way up at 193. Above 193 our Next target will be 203, 213 and then 227

Shampiki

Apple has been on a down trend since it made a new high at 200. If it breaks out of that channel around 177 and stays above 177. It can start an uptrend. Major support and resistance levels have all been identified on the chart.

Shampiki

QQQ touched support today and the dip got bought, if we can get back above 439 this week, we should 446-448, if we go above that zone then QQQ can start trending again towards the top of the green channel

Shampiki

Spy has been trading in an ascending triangle since Feb 23. The market will get more volatile once we breakout of the triangle. A break to the dwownside can see us fill the gap above 497 before making new highs

Shampiki

Netflix will likely have a pullback based on recent price action next week Mar 11-15, 2024. Below 590, my target price for the pullback is around 550-555 support.

Shampiki

The green channel is the daily channel on spy and the blue channel is the weekly channel, spy has hit weekly channel resistance around 414, if it gets rejected there and if we break out of the daily channel to the downside, we can trade lower to support around 490. The trend has been getting weaker, the last couple of weeks, a break of a green channel will be a...

Shampiki

We hit a major trendline resistance on QQQ today March 08th If we break below 433, the next major support is around 421. A break of 417-421 can see us trade lower towards 395