The reversal from $313 area has been sharp and now it is moving towards its bigger support base of $290-$292. Expect a short bounce from $290 area and if it fails to hold then next support zone is far down to $280
QQQs have been on a tear after clearing the downtrend line. Now approaching the 200 ema around $327 which should act as a resistance and give it a pause. Till the time it holds the upper level support area of $315 on a pullback/consolidation, the setup will remain bullish. If $315 breaks and it stays below that, will look for retest of $305 support
$AMZN moving towards its downtrend line. Good results tomorrow could take it to fill its last earnings gap area of $131-135. Will watch for immediate lower support at $117 and then $110 area if the earnings miss estimates
QQQs have had a nice 3 day move clearing its downtrend line. If it consolidates here for a few sessions and holds $300 area, will then look for it to then move towards next target area of $315. Next week will be crucial with big tech earnings (AAPL, GOOGL, META, AMZN etc.) along with the Fed
$SNAP is hovering at the bottom end of its last quarter earning gap. Good numbers can easily see the gap being filled towards $21 area. On the downside the previous low of $12 will be key level
$TSLA moved the trendline resistance of $765.80 initially in After Hours but has failed to hold it there. If it doesn't break above that area in coming days then expect a move lower back towards $700 zone. If it clears $765 resistance then expect it to move towards $795 area
$NFLX results being taken in good stride as it broke above near term resistance of $207.50. If that level holds over the next few days can expect an attempt to test the lower level of the big gap it made after Q2 earnings
Yesterday's $AAPL warning put a dent on the rally and QQQs swiftly moved back from the $296 resistance area. Now the pattern of higher lows needs to sustain for the index to prove the bottom is in for a while so will look if $280 holds or not. A breakout above yesterday's pivot of $296 will be keenly watched for further bullish signal with NFLX, TSLA and SNAP...
Holding the ascending trendline well to target the breakout above $91.50 zone towards next level of $120
AMC gave a nice downward push after failure to breakthrough the trendline resistance. Will now look to go long near the $20 area for a scalp. Failure to hold that will lead to next area of $17.25ish which might act as a bigger support
Strong results and move setting up similar to $CAR though not as much short interest so stops should be tight. Looking at the chart if $198.50 holds or gets reclaimed after initial flush then can target move beyond previous highs of $212.50
It seems to be consolidating above $125 on the hourly chart pretty nicely. If it defends $125 till Monday noon session, will look to go long to play the breakout over $135 as lots of shorts seem to be piling up due to low HTB cost and high valuation chatter
AMC has finally broken above $50 mark and now I will look for it to consolidate in the $49-$50 area for a potential bull flag and then a break over next level of $55. If it gets below and stays below $49, then we can retest early $40 again
The stock has seen positive momentum over past 2 days and looks set to break out. Once $332 is taken out with strong volume, look for it to retest its ATH
The tape has been heavy over the past 2 days and it looks set to retest $185 area. If that breaks with strong volume then $170 area will be next target
After 6 days of continuous rally, the tape finally showed exhaustion. Should test $212-$215 area on the downside. Break below that with volume can take it to $200
It has rallied for 5 consecutive days and did not close today above the prior high. Looks set for a short term pull back towards $700 area. If that breaks with volume look for $680 to act as next support
After few down days, it finally woke up to clear yesterday's lows and make an igniting candle. Expect this to move towards $1777 and if that clears with volume to target $1794 next