QQQ coming into huge resistance🍿Price target near 424NASDAQ:QQQ coming into huge resistance🍿 Price target near 424 Would you be shorting into resistance? Will it get reject at resistance or breakout?Shortby JK_Market_Recap1
clear oversold market structure bitcointhe network has provided a ver liquid structure to the downside. now that is contracting, i believe we will revisit the sell heavy area as a contraction of the bear move according to this market structure POC VAL.Longby cerealmarketUpdated 0
weekly distribution gainthe daily market may top out again, but for now as long as we are above VAH consolidation levels the reversal trend may remain intact. the ability of this market to recover fully is still very much in question, but for now the daily levels in major equities are reading a technical squeeze. the daily trend could still retrace to VAH, and very well may sell off POC or 4hr value gap areas according to market structure.Longby cerealmarketUpdated 0
S&P bulls attempt to regain control but they are not there yetLast week, using oversold bounce, buyers attempted to regain control over the price. Their effort was somewhat successful, as they managed to establish both a higher low and a higher high on the daily chart. However, they failed to set a weekly low, which was a challenging task given the magnitude of the previous week's range. This indicates that bears still maintain control over the weekly (and monthly) timeframes, suggesting that we should expect to see more selling pressure in the short term. The immediate objective for bulls is to test the price above last week's high ( 509.9 ) and to close the month within March's range. They must also protect the last higher low ( 497.5 ) or the last weekly low ( 495.5 ), or else their progress will be undone. The short term outlook is mildly bearish. Watch out for volatility on Wednesday as important economic data is released and FED announces decision over interest rate Disclaimer I don't give trading or investing advice, just sharing my thoughts. Shortby hermes_trismeUpdated 2
risk profileyou can see risk profile change on bearish rotations of yields and the dollar with bottoming of bonds and market reacted as so today!by wetzelnoah31224
Multiple bear flags present target 7.70 necklineAMEX:DUST Gold 3x bear etf has multiple bear flags present on this chart, there's a smaller bear flag/rounding top inside the larger bear flag. In fact, there's an apex of the triangle present as well. 1hr/2hr are overbought. In addition, AMEX:DUST has failed to take out the premarket high from Yesterday, and it's failed to also recapture or retest today's intraday high. I'm short from $8.41, if gold can retest 2305-2308 that would signal a breakout and retest of NFP high of 2320.. I'm monitoring the last 15min of the close very carefully. AMEX:DUST , premarket low was 7.96, and it open at the 8.03 area. 7.70 dust price puts spot gold above 2350-2360 range...Shortby moneyflow_trader222
USO: Heading down to 200MAUSO (crude oil ETF) is trending down toward its 200-day moving average, coinciding with a previous pivot up within this range and slightly below it. This commodity tends to make dramatic moves so wouldn't be surprised if it made a sudden drop along the way and then bounced, but the channel range may serve as the upper bound. Until it can break free of this sideways or downward price action is more likely.Shortby cch31111
Level to watchWe are in the middle of a bulls rally. But still in bearish territory. The 510 level is going to be very intense to watch. If the bulls manage to break up and consolidates above 510 bears are dead. I'm not shorting anything yet. I'm just sitting and looking at my long positions. by ArturoLUpdated 114
VNQ H&S ?Keeping an eye on US Housing as a H&S might be under development. unconfirmed for nowby darkmode0
Opening (IRA): IWM Sept/Oct 160/150 Short PutsComments: Going ahead and rounding out Q3 rungs here with IVR at 82.7. September 20th 160: filled for a 1.99 credit October 18th 150: filled for a 1.61 credit Will look to manage shorter duration rungs as I come to them ... .Longby NaughtyPinesUpdated 2
QQQ Scalping Zones Paying Off on a Friday!! 5/3NASDAQ:QQQ : Put Support, 420 HVL & HVL 0DTE, 426, Call Resistance, 438by QuantumEdgeAnalytics0
IWM target 181 ?????We now have the right shoulder of a large head n shoulder top in IWM we could now see the next move under 191 best of trades WAVETIMER stagflation anyone !!!!by wavetimer1
$XBI Breaks Out of DowntrendAMEX:XBI I put this trade on yesterday morning as it broke above the short term downtrend line. However, I closed it near the end of day as the whole market was giving up its gains. (I did make a small profit). I am now back in it again as it regains the 20 EMA (green). My stop is just below today’s low which also corresponds with the 20 EMA. It looks like there “could” be resistance in the area it is trading today. I think if it can get over yesterday’s high, we could see it test the 50 DMA in red above. That is about $4 above where it is trading currently. All to be determined. I did have a trade idea on this back on March 17th. Link to that idea below. The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking. Longby jaxdogUpdated 0
Possible Wave E has ended this is the ALTThe chart posted is Low odds BUT must be looked at as the wave structure and the cycle s turn may 8th is nearing .I Am net long spy msft gld dia I have changed my positions and added this morning near the low in GLD I am also looking to buy BITCOIN I have target 56200 to 55900 but we may not get to it . by wavetimerUpdated 113
Opening (IRA): TLT July 19th 86 Short Put... for a .98 credit. Comments: Adding to my TLT position on weakness here, targeting the strike paying around 1% of the strike price in credit. I already have rungs on in April/May/June, so am adding a smidge out in July. With QQQ and SPY knocking on ATH's, holding off on my usual broad market plays to await weakness and/or higher IV.Longby NaughtyPinesUpdated 1
Opening (IRA): QQQ September 20th 430 Short Put... for a 4.34 credit. Comments: Adding a rung out in Sept at the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging Into the Q's. I already have rungs on in June, July, and August ... . Will naturally back-track into shorter duration if I can get in at strikes better than what I currently have on.Longby NaughtyPinesUpdated 1
Opening (IRA): QQQ August 16th 370 Short Put... for a 4.30 credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the Q's. Adding at a strike better than what I currently have on in August ... .Longby NaughtyPinesUpdated 3
Opening (IRA): IWM August 16th 170 Short Put... for a 1.78 credit. Comments: Starting to round out my Q3 rungs here on weakness and higher IV, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Already have June and July rungs on, so going out to August here.Longby NaughtyPinesUpdated 1
Opened (IRA): IWM June/July 182/180 Short PutsComments: Added at strikes better than what I currently have on in weakness, targeting the <16 delta strikes in the respective expiries paying around 1% of the strike price in credit to emulate dollar cost averaging into the small cap ETF. June 21st 182: Filled for 1.89 July 19th 180: Filled for 2.22 I also briefly looked at QQQ and SPY, but couldn't get in at strikes better than what I currently have on, so am leaving those positions alone for now.Longby NaughtyPinesUpdated 2
Opening (IRA): IWM June 21st 175/July 19th 170 Short PutsComments: Targeting the <16 delta strikes paying around 1% of the strike price in credit to emulate dollar cost averaging into the small caps ETF. Adding here on weakness, better strikes than what I currently have on in those expires. Filled the June 21st for a 1.75 credit; the July 21st 170 for 1.76.Longby NaughtyPinesUpdated 0
Opening (IRA): IWM June 21st 185 Short Put... for a 1.87 credit. Comments: Targeting the <16 delta strike in the shortest duration that pays around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. The ROC %-age isn't tremendously sexy here, so primarily doing this to keep theta on and burning while I work shorter duration, higher IV underlyings (e.g., SMH, XBI, GDX/GDXJ, etc.).Longby NaughtyPinesUpdated 0
Opening (IRA): XBI June 21st 82 Short Put... for a 1.90 credit. Comments: Selling a put here, since the resulting cost basis if assigned shares would be lower than the cost basis of the position I've currently got on now. The full position is now a June 21st 82/88 covered strangle (i.e., short put, stock, short call). Will look to take profit at 50% max. Metrics: Buying Power Effect/Break Even/Cost Basis in Shares if Assigned: 80.10 ROC at Max as a Function of Buying Power Effect: 2.37% ROC at 50% Max as a Function of Buying Power Effect: 1.19% Delta/Theta: 23.36/2.42Longby NaughtyPinesUpdated 0
Opening (IRA): SPY September 20th 430 Short Put... for a 4.34 credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into S&P 500 ETF, adding at a strike better than what I currently have on. As with my other broad market, will look to generally take profit at 50% max or -- if assigned -- sell call against at the strike price my short put was at.Longby NaughtyPinesUpdated 0