SQQQ
VXN - NQ VolatilityNasdaq continue to ride the 2010-2011 Peak's Upper Trend Line.
VXN's range is disturbing as it broke the 19 level. 13s are now open
for a potential blowoff.
Banging its head repeatedly, it has been difficult to ease into a
SELL position that can be held... new highs, larger negative divergences.
Straddling the Upper Boundary on the Weekly chart remains the trade
for NQ.
It has lost all momentum, making a lower low in trend - only to reverse
and make new ATHs.
Semiconductors were the leader for NQ - MU AMD INTC NVDA AMAT AVGO
TXN QCOM ASML TSM all had large CALL BUYING to wreck the NQ Sellers.
SOXS holders as well, a large destruction of Price to new lows.
The RANGE is extreme, the Upper Trend Line now 10 years in uptrend,
remains the Sell Off Level.
Position - 0
$SQQQ is my nemesisOk... so - this post is a little bit different...
I have tried to time SQQQ right for YEARS!!!! It hates me. It hates everyone... and for that reason I will short this for the rest of my life...
You see all that red on the indicator below... I think it's safe to always short. SQQQ makes me so angry... LOL. (And watch... now it will be green tomorrow - jerk)
Ok... back to my normal charting...
#ShortForLife
$SQQQ Analysis & Key levels$SQQQ Analysis & Key levels
I have WAY too many positions to be able to update on … So I’m just going to start posting the most recent support and key levels…
Red = Key levels
Green = resistance
Blue = trendlines
If you’re holding ONLY add at key levels. It is never wise to catch a falling knife without a plan.
I played this one today and made like 4% 😬 and it was shady... I’m sure I should just always be short here… LOL
STILL… my target is 9.30
I hold no position right now but I kinda wish I held from yesterday but that’s against my rules for this one… it’s burned me too many times…
Have fun, y’all!!
ES - 9-10% downside continues to build as VX completesChopping along on low Volume while the likes of Fanboi
carnage is readily apparent... not a confidence builder.
Tick Tock into Wednesday... chip chop the top.
Even the Apes bought it, trendy.
A throw-over would be the absolute perfect setup for
this impending, incipient, unimaginable - decline.
This week will be one for the books.
VIX - Delta "Change" - 22.50 Level with Negative Roll YieldVIX will move higher as Indices will front run their .382s
Negative Roll Yields are always a warning, we alerted
traders to this Important Condition on Settlement as
V2/M2 exceeded V1/M1 by 8%.
22.50 is the level to watch for a breakout higher.
August is a Negative time for the Indices.
We maintain large Sell to Opens in AMZN, TSLA, TQQQ,
NQ, ES, RTY, MNQ, MES, M2K
We Bought to Open SQQQ & VVX.
We sold 11 SPDR ETFS with the larges Bias to Consumer
Discretionary as we indicated Demand has peaked. The
A50 is a clear warning sign as we indicated last week.
Nasdaq Completes Super Cycle Wave 5 -with Fib Confluences GaloreIf you zoom out on the Nasdaq using a 13D chart, you'll see a clear 5 wave sequence having recently completed. This argument is bolstered by both wave 3 and wave 5 which are 1.618 extensions of wave 1. Wave 3 and Wave 5 are both identical in length. Using this Wave count you'll also see a myriad of confluent fib levels, extensions, etc; but I'm trying to spare you a convoluted chart.
To me this says we are at a super cycle top and have completed Grand Super Cycle wave 1. At the Nasdaq's recent all time high, we cleared the 2.618 of wave 1 by less than 2%.
If you even remotely respect the Elliott Wave guidelines,, you know what this means. There really isn't a downside limit (well, the all time lows around 50 in 1974) and this likely means we are entering a years or decades long Wave 2 correction.
Nasdaq Completes Super Cycle Wave 5 -with Fib Confluences GaloreIf you zoom out on the Nasdaq using a 13D chart, you'll see a clear 5 wave sequence having recently completed. This argument is bolstered by both wave 3 and wave 5 which are 1.618 extensions of wave 1. Wave 3 and Wave 5 are both identical in length. Using this Wave count you'll also see a myriad of confluent fib levels, extensions, etc; but I'm trying to spare you a convoluted chart.
To me this says we are at a super cycle top and have completed Grand Super Cycle wave 1. At the Nasdaq's recent all time high, we cleared the 2.618 of wave 1 by less than 2%.
If you even remotely respect the Elliott Wave guidelines,, you know what this means. There really isn't a downside limit (well, the all time lows around 50 in 1974) and this likely means we are entering a years or decades long Wave 2 correction.
Nasdaq Head and Shoulders: Trade StrategyPlease see my previous post for an explanation of the technical signals shown. The post is linked below.
In my opinion, this is the best way to utilize the technical information. My vehicle of choice would be SQQQ, which would give a potential profit/loss of 10%/-2.5%.
Possible Setup for Triple Top on NASDAQEarly days on this idea, obviously.
It could blast up to higher highs and invalidate for sure (this market is anything but predictable).
For the record, I'm neither a bull or bear, just an agnostic who likes to make money. Feel like this chart could be useful for bulls to consider for stops and bears to consider for shorts.
I'll be tracking this.
NQ1! Multi-timeframe analysis and *POTENTIAL* DOWNSIDEThursday June 3rd NQ1! Analysis
1D Analysis
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Part 1:
Part 2:
1W Analysis
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1M Analysis
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Support summary compilation (Anticipating a crash- buying levels/ swing levels)
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Fibbs + VPVR + supports
Cleaned
References & Credit
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Carpenoctom - ichimoku senpai (1W mean reversion)
Fib cluster idea from Carolyn Fib Queen (1D fib projection)
BTC Inverted Cup and Handle - and NASDAQ correlation to BTCA lot of opinions floating around about how BTC will do in the next while.
Opinions aren't as reliable as charts.
Inverted cup and handle is incredibly close to being confirmed. The potential drop is huge.
Based on the pronounced correlation between NASDAQ and BTC lately (BTC as a leading indicator), this could be a huge mess for equities.
Upside vs Downside
You can see what the Nasdaq has been doing for the past few days - nothing.
There is serious overhead resistance. Unless it breaks through the easiest path is a 61% retracement and fill the gaps below and try again.
Again if the trendline get broken all bets are off.
Nasdaq is better at filling gasps better the SPX.