$SPY $QQQ - Pay very close attention to the volume completely drying up here..
Market makers are running out of gullible buyers, and just as surely, early bears are all tapped out on this weak rally.
The perfect storm to sell markets off and catch the general crowd both ways ⚖️
$SPY $QQQ – Based on recent developments and price action, it looks like the markets are taking a brief pause before potentially selling off aggressively this week.
Personally, I wouldn’t want to be long on any stocks following today’s tape.
$TSLA - If you ask me, the stock is currently setting up for a record rally in the books. This is one stock I’d personally avoid going short of near term (imo).
$SPY $QQQ - Sunday’s overnight gap down was driven by panic selling, indicating that bulls’ fear levels are highly elevated.
Current price behavior suggests that the (real) selling has yet to begin.
Not to mention, the impending correction is cyclical and long overdue ⚖️
Just then, as everyone is getting complacent and no one expects it, a very sharp break lower will occur (watch for heavy volume).
Bulls will attempt to buy into that break, albeit unsuccessfully. On the days that follow, all hell will break loose ⚠️
$QQQ $SPY - Despite recent selling pressures, the markets are showing familiar patterns typically seen before a significant gap up / rally.
Based on my analysis, we could see this rally carry markets to new highs, followed by a steady grind higher.
$QQQ $SPY - Personally, I’m watching general markets for a rally and hold to new all time highs (near term) before a bigger systematic (cyclical) break lower occurs.
$QQQ $SPY - Personally, I’m watching general markets for a rally and hold to new all time highs (near term) before a bigger systematic (cyclical) break lower occurs.