qnp

qnp Updated 

The underlying conditions? Over the last several weeks, we've had a rapid increase of value in equities, volume as a result of primarily retail volume. This past thursday, CBOE recorded 68 million contracts traded - an all time record in volume. There will be a hangover from the gamma squeeze, one which is unprecedented. The market makers were forced to hedge the...

qnp

You're welcome We have our market contagion, similar to Enron in 2001 and Lehman Bro's in 2008. The collapse of SVB, SI and the inevitable end of a certain type of "investing". If a recent rise of TSLA from $102 to $221 over a month representing over 110% incline is a stairwell up, Let's play jeopardy "What is an elevator down?"

qnp

DJI just broke the 50-day moving average, the first trigger of the forced selling in October 1987.

qnp

" 1. What is the Parabolic Arc? Parabolic Arc chart patterns are generated when steep rise in prices are caused by irrational buying and intense speculation. Parabolic Arc patterns are rare but they are reliable and are generated in mega bull trends. These patterns trend gradually making higher highs and lower lows in the beginning stages but can be volatile in...

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.... lol

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Trump's Buy Tweet on Feb 24, 2020 twitter.com Trump's Buy Tweet on June 3, 2020 twitter.com

qnp

HIGHLY WEDGED ON WEDNESDAY - HAPPY WEDGEDAY ! I am expecting we drop the same length of extension in the body of a rising wedge - overextending below 0.25 fib

qnp Updated 

A Must-see chart on the Semiconductors, very similar to my SPX count. Just as with the other drop prior, we could see a double top here on the 4-hr. If this has a double top, I might try to find bearish positions in other names such as INTC. I am simply just re-charting what I've seen on Bloomberg. Link to the video: www.youtube.com

qnp Updated 

We've been having many, many bullish days for the last several weeks. Clearly, the buyer is slowly becoming exhausted. I see both the Elliott Wave Theory and Rising Wedge playing out. Based on these two trends, I see a possible target of SPY 240-260 range in the next couple of weeks.

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MY target is 70-80 range

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This is my uneducated guess

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NYSE:TWLO TWLO got rejected at ~117.50 today and the daily volume continues to decline. Related to my previous idea, we are still in a downtrend (until proven otherwise). The expanding bollinger band suggests a big swing is imminent. I am on the short-side. As seen in the chart, TWLO has been following clean and stair steps down and after every failure of...

qnp Updated 

A lot of weakness trickling downthe entire market and that weakness began with the tech sector. I've been fortunate to be on the right side, shorting small caps such as $ROKU, $TWLO which has seen explosive growth in the last year. Since the drop of December 2018, I've been waiting and scoping out potential short opportunities as it was clear to me that we have...