Tom_the_Moon

Tom_the_Moon

1. Neutral - correction within a midterm bull market 2. Resistance: 321, 326 first 3. Support: 310, 303, 295 4. Gap not filled: All Yellow Zones 5. QQQ has a lot of gaps not filled above and below. Now it is out of the yellow uptrend tunnel, which moves into a correction and consolidation. I expect a potential ABC correction with 300/295 as support. 300 can be a...

Tom_the_Moon

1. Neutral - in a correction trend 2. Resistance: 230 3. Support: 214, 206 and 197/200 (Strong) 4. Gap not filled: All Yellow Zones 5. IWM has already finished a 5 waves uptrend in the orange trend tunnel, currently it is a reasonable correction to me. It is currently in the middle of the correction zone, so both resistance and support can be a consolidation zone...

Tom_the_Moon

1. Resistance: 14175, 14600 2. Support: 13713, 13226 3. Gap not filled: All Yelle Zones 4. NQ already had a bad MA cross last Friday (MA5 and MA10). If we simply target support, they will be MA20 and MA30. The yellow gap zone can be a strong support as well. I’d expect a consolidation for NQ for a while. Meanwhile, we may continue to see sector rotation among NQ. ...

Tom_the_Moon

1. Resistance: 31644, 32300 2. Support: 31060, 30600 3. In the next a few weeks, we may see DJI consolidate for a while between the resistance and support lines, until we see a clear direction. The light blue zone is a consolidation zone for now. However, if DJI stays consistently above 30600, we’d see another run up later. Among sectors and companies within DJI,...

Tom_the_Moon

Resistance: Light Blue and Orange lines Support: 13889, 13709
Gap not filled: All Yelle Zones Thoughts: NQ is reaching higher as well in overnight futures and it broke the blue uptrend zone, which we may see IXIC holds above the blue line as a support. However, there are still resistance above from the light blue and orange lines. Due to indicators (eg. RSI), be...

Tom_the_Moon

Resistance: 31200, 32300 Support: 31090, 30648 Thoughts: From the futures we know the indexes have been extremely green overnight, which may lead to a gap up again next week. As we see DJI closed around 31458 next to the pink resistance line last Friday, we may see DJI holds above the pink line as a support, and is about to go for another push up until it reaches...

Tom_the_Moon

Resistance: Yellow line and pink line Support: 29977, 29577 DJI is reaching higher recently, and I expect resistance between yellow line and pink line in the next 2 weeks. If it reaches higher next week, be careful for any pullback.

Tom_the_Moon

NQ: Resistance: Blue and Orange lines Support: 12965, 12655
Gap not filled: All Yelle Zones NQ is reaching higher recently, and I expect resistance between the blue line and orange line in the next 2 weeks. The closest gap is 13428 - 13542 (yellow zone), and I expect small pullback to there as well. Should still be careful on the market in Feb.