gigavest

gigavest

We're seeing huge put volume that continues to test the trendline resistance based on my previous $SPY analysis and based on the timing of this post, we just saw a huge bump from that same trendline. $QQQ also went red today and is fighting intraday support. Stay cautious as we could still move upwards in the near term, but I fully expect us to trend lower within...

gigavest

On Friday, we saw $AAPL, $AMD, among other tickers like $MSFT, $NVDA, and $TSLA weigh down on the S&P 500. All of these tickers currently weigh on the bearish side and have affected the S&P 500 and NASDAQ. $AAPL has been retesting the blue S/R level at ~$150 and failing to move above it. Definitely a VERY bearish setup, however, anything can happen and there is...

gigavest

We recently saw a huge big green candle and then gapped down on Friday. Both of which retested the top of the wedge and failed to get over. That itself lends to bearish sentiment and is a bearish move in the making. While the green candles look bullish, the price action has yet to get back over the top of the wedge and until it does, the price emphasizes a bearish...

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We are in a pennant right and the bottom of the pennant is part of the wedge from my previous analysis. As you see in the pennant, it'll likely test the sides and eventually break out. From here we have a couple scenarios: (1) we either break above the top line of the pennant and visit the downside from there or (2) it could go straight down. The scenario where it...

gigavest

$AAPL is one of the largest holdings in the market and has been rejecting the strong $150 level. There's a head and shoulders intraday formation on the 15m. I love the short setup here and believe it to be optimal risk to reward. Make sure your risk is intact and be sure to set your stops if you do get into this for a weekly.