miguelsique

miguelsique

Crazy day in the market these past few weeks. My bearish view finally coming into play. After Fridays performance however, I do believe we will have a small relief bounce. Bulls may attempt to fill the gap up at 400-402 area. Currently will start scaling out of my long position at 397. This market is not to be swinged. Current market conditions show that anyone...

04:04

miguelsique

interesting area we find ourselves in the whole market cap. I have not been trading much as of late, but i am beginning to get back into the game. TOTAL market cap has a huge H&S pattern which can cause another 30% drop in the market. Do not catch a falling knife wait for a bullish reversal pattern and always seek confirmation.

miguelsique

Fundamentals are strong. love this project, however, I am leaning more bearish. nonetheless if we have a reverse here or a consolidation we must break above that purple box. if we do not consolidate there or reverse here we may expect the worst. price could go as low as 3 to 2.80 which i will be buying heavily. safe trading everyone. we are not done with the...

04:42

miguelsique

comment your thoughts below. let me know if you agree with my analysis. Again we can not be biased and be just perma bulls.

miguelsique

We either bounce from here or we continue the downside until we hit the bottom of the trend. my SPX prediction was on point a few weeks ago. we hit way above 4800. we can possibly begin going up from here but if we go below that red line we can reach the lower trend line of the channel in red. worse case scenario we touch the lower red line that which was a...

miguelsique

Alerted that roku reached my buy area. Looking for roku to start accumulating and find support around the green area. we could just reverse from here but would much rather see a period of consolidation. regardless this area can be a great place to begin accumulating shares or leaps.

miguelsique

ready to go donw a bit more after several failed attempts to go higher. seeing a price of 85-90 before we can begin moving up to the real rally.

miguelsique

The S&P looks like its beginning to curl to the downside. After this elevator up in the market we should expect a healthy pull back. what is a healthy pull back exactly? A healthy pull back is any where between 1%-3%. It is crazy if anyone thinks that stocks just go up. pull backs are necessary to go higher. If this plays out we can definitely see November be a...

miguelsique

Will BA follow the market or will this be a bull in a selling market? Everything is pulling back right now, which is expected considering the strong rally. BA however, considering everything going down more than 3%, went down only .80%. BA still held critical levels. it back tested the downtrend it broke out of and wicked off the upper channel, also 5 SMA (yellow)...

miguelsique

The red circle was the formation to be cautious for a reversal. anyone going long might have gotten trapped because they did not seek confirmation. Red line, which also aligns with the 50 SMA was the level to hold. the Red arrow pointing showed the confirmation of SQ breaking down. when will SQ stop dropping ? who knows but if my levels are accurate, we may see...

miguelsique

PYPL has been on the down trend for the past 4 weeks. do not try to buy the dip on this thing you might just get cut by catching a falling knife. I see just a bit more downside before i can start accumulating leaps around the green box. why in the green box? know how to use fib retracement levels and you can find the best possible point of reversals. for now I...

miguelsique

This one is a Sleeping giant! There is so much indications to go long on this bad boy. EDIT is a true sleeper but when it moves get ready to hit the gears on full throttle. We are seeing tons of accumulation on the TTM indicator it is only a matter of time before the squeeze goes into play. Earnings are right around the corner and good and clear divergence showing...

miguelsique

Loving this set up as well on SPCE. It has been dropping hard for the past few weeks, but I feel like we finally bottomed on this one. Still be very cautious however, we still have support at 14 and 16. however, 18 is a strong demand area which it obviously bounced off from. the Lagging span is now above price which gives confirmation of a reversal. Additionally...

miguelsique

I am really loving this set up on Snap. More than that FB set up I posted earlier. I am seeing more consolidation for at least end of the week but i am sure this will be one you to keep your eyes on. my first PT is highlighted in purple just above the break out of the wedge here is where i sell 60% of my position and let the rest ride up toward my final PT just...

miguelsique

Short below this bearish flag formation. invalid if set up is broken. I am seeing a possible long opportunity at 69 for now playing it short and will play long if price holds around 68-69.

miguelsique

AMD has been a monster but i think it is time for a cool off period possibly even a pull back which is healthy. If price falls below 119 I am entering short for a price target toward 112. Stop loss above 121.

miguelsique

If you all saw the AH action on AMZN after it reported earnings you know it was not that great. two scenarios we might see. AMZN will resist and hold above 50 SMA or AMZN will drop toward that 3200 area which i will be heavily BTD. I am leaning more toward the scenario in red which will also form an IH&S implied move on that sucker would be an 8% move on break...

miguelsique

FB,.. not a stock I normally trade but definetly will attempt to catch the dip. I am not bullish yet. and i see some more downside before we can finally catch the bottom. when a price is below the 200 SMA it is never good specially in the daily time frame. however on the weekly time frame we can see price bounce off the 50 sma. will be closely watching for now...