SPXS
CPI Data | FOMC Minutes | $QQQ tightening Range- Fed minutes Wed 2pm EST
- CPI Wed 530 EST
- PPI Thursday 530 EST
- added initial positions for AMEX:SOXS looking to add more if we get flat or lower CPI data then 5.1%. shorting the NASDAQ:SMH / NASDAQ:SOXX sector.
- we have been tightening up in an equilibrium since last Wednesday will very likely break tomorrow.
- NASDAQ:QQQ / AMEX:SPY will be using stair stepping candles as a guide to how to trade when data is release.
$QQQ $SPY Full Bull control but its a little extended.- QQQ and SPY has a very strong bull move last 4 days with zero signs of bears but they move is quite extended and im looking for a daily consolidation to shape up
- If the consolidation is healthy the bull move will likely continue so i will be watching how the consolidation shapes up.
- SPY is approaching some key resistance around 410 area also potentially shaping up a daily H&S we'll have to see how it trades around 410 Next week
- i will be on team bull until bears show me signs of weakness during daily consolidation.
(WARNNG) Extreme Bear Volume in $XLF, Shorting next hourly LH- QQQ double topped with Tuesday top, had a 15m bull flag during consolidation with no red flags until mid morning.
- XLF increasing bear volume with zero bounce and very notable big money exiting. Fear creeped into the market
- VIX up 20%
- QQQ went from lead bull to bear when all sectors starting to drop at the same time after XLFs huge drop. dragging SPY down too.
- lots of negative news and sentiment regarding banks and how much they dropped SI down over 80% in just two days.
- Bears now in total control.
- huge drop in XBI & IWM as well.
SMH might go from lead bull to lead bear tomorrow
looking to short the next hourly or 15m lower high pretty much almost on any bounce if we get a bullish reaction to data tomorrow during PM will be shorting that bounce.
DJI, SPY, NDQ, BTC, NVDA, SPXS, VIX17 minute video. A lot of information packed in here.
I don't like typing things out when I have 20 things to say, so I'm not really going to do that.
TLDW; Things look bad.
If this video was useful to you, boost the idea so that more people find these the ideas and join the the streams everyday at 9:15 EST: 15 minutes before the market opens.
Legacy and Crypto Video market overviewGeneral thoughts and TA on legacy and crypto markets. Would love to hear any comments or if you'd like me to chart a specific asset. Thanks
SPXS - SPY Hedge Bullish - Shakeout Before BlastoffChart Details
Small pullback today.
Bullish EMA cross and Bullish 10Week Cross stacked up. Very close to crossing will confirm bullish trend.
Gap fills to $15/$16 conservative estimate.
Weekly trend confirms bullish trend. RSI on Weekly confirms pattern breakout.
Stop $12.50
Target $15
About Me
www.moneypatterns.com
Options Strategies, Video Technical Analysis, Instant Alerts, Specific Options Order Entry Details, Daily Updates, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area!
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts and on www.moneypatterns.com
$ES_f $spy $spx $spxs Day Trading Index Price Gaps Made EasyThese morning gap trades happen nearly every week providing a steady stream of winning trades.
VIDEO analysis on small cap stocks, bearish but at fib supportVIDEO analysis on small-cap stocks, bearish but at fib support for a bounce as of today
Small Cap Stocks with Bearish daily and weekly chartsThe Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future.
Recently, we posted a research article about the Head-n-Shoulders pattern setting up in the $INDU. Again, the IWM chart is also showing a very clear Head-n-Shoulders pattern with critical resistance near $159.50 and support near $144.25. Our researchers, at Technical Traders Ltd., believe this right Shoulder will prompt a downside market move towards support near $144.25 before a downward sloping wedge pattern sets up. This first downward price leg will setup and congesting wedge formation that will, eventually, break to the upside and drive market prices higher.
We authored a research article about this pattern setup on February 17, 2019. You can read it here.
Skilled traders watch all the charts to assist them in identifying characteristics that can assist them in understanding price moves, key support/resistance levels, and price patterns. This IWM chart should be on everyone’s radar at the moment. Where the IWM finds support, so will the other US stock market indexes.
The IWM setup indicates we may only see a 5~7% downside price swing before support is found. We’ll have to watch how this plays out over the next few weeks/months to determine if the $144.25 level is true support or if the lower $137.00 level will become support. Either way, the downside price swing appears poised to unfold over the next few days/weeks – so be prepared.
Please take a minute to visit www.TheTechnicalTraders.com to learn how we can help you find and execute better trades in 2019. We have already positioned our clients for this move and we believe we can help you stay ahead of these markets.
Short Play Setup for $SPX $ES_F $SPXS $SDS $SPXUBroad market setting up for another leg down after this week's short covering pop and overly bullish sentiment.
See More Videos at www.TheTechnicalTraders.com
SPY closes strong on huge bull volumeBulls definitely showing they're not going to roll over here.
Key levels:
S: 279.00 - lose that and we lolk for healthy 4hr and daily consolidation
R: 281.10, then a lack of resistance until 286.91
We've now bounced over half way from the low of the dump back to all time high
