Chart_Guy

Technical Trader - analyzing historical patterns & trends Examples are provided for illustrative purposes only and should not be construed as investment advice

[Chart_Guy @Chart_Guy]

Generated with @grok imagine

[Chart_Guy @Chart_Guy]

$qqq $spy $dia $iwm $eem $tqqq
The market sell off Friday was largely mechanical driven,
The jobs data triggered the Gamma flip , igniting the massive decline, coupled with options expiration.
Mechanics are now set to perform the opposite on Monday - could be one the largest rallies ever.
We'll see?

[Chart_Guy @Chart_Guy]

$QQQ $SPY $DIA $IWM $EEM $TQQQ
STOCK MARKET-
Something to think about-The worst single-day declines (like -20% Black Monday 1987 or COVID drops) were often followed by strong bounces within days/weeks

[Chart_Guy @Chart_Guy]

@CryptoNobler Nonsense,the market is set up for a bounce Monday

[Chart_Guy @Chart_Guy]

$QQQ $SPY $DIA $IWM $EEM $TQQQ
Nasdaq 100 futures chart- at the close Friday
Held the May lows
(pretty dramatic -2,000 point drop from Wed. high)

[Chart_Guy @Chart_Guy]

$QQQ $SPY $DIA $IWM $EEM $TQQQ Extreme oversold conditions at the Friday close creates the most compressed bounce setup for Monday.
Nasdaq 100 chart-

[Chart_Guy @Chart_Guy]

$QQQ $SPY $DIA $IWM $EEM
cautiously buying some dips here , carnage is extensive

[Chart_Guy @Chart_Guy]

$QQQ $SPY $DIA $IWM $EEM $TQQQ Nasdaq 100 now down just about -1,000 points - semi stocks getting destroyed

[Chart_Guy @Chart_Guy]

$QQQ $SPY $DIA $IWM $EEM $TQQQ
Nasdaq 100 down over -900 points

[Chart_Guy @Chart_Guy]

$QQQ $SPY $IWM $EEM $DIA
Nasdaq 100 futures -look like the start of a major correction

[Chart_Guy @Chart_Guy]

$QQQ $SPY $DIA $IWM $EEM What a crazy day , there's really no reason for the dramatic turnaround

[Chart_Guy @Chart_Guy]

$QQQ $SPY $DIA $IWM $EEM $SMH $SOXX
Market decline - semi stocks

[Chart_Guy @Chart_Guy]

$SOXL good chance tomorrow we test the 199-200 area

[Chart_Guy @Chart_Guy]

$QQQ $SPY $DIA $IWM $EEM
NASDAQ chart- a .38 Fibonacci retracement brings us down to the 50MA- coincidence ?

[Chart_Guy @Chart_Guy]

$QQQ $SPY $DIA $IWM $EEM Traders need to be aware this may not be just a one day pullback but the start of a much larger correction.

[Chart_Guy @Chart_Guy]

$SOXL Max-pain tomorrow near gamma flip makes for a dangerous trade scenario for Friday

[Chart_Guy @Chart_Guy]

$AVGO semi stocks priced beyond perfection - are finding out just slightly beating earnings is not enough.
stock can easliy fall to 400 or just below

[Chart_Guy @Chart_Guy]

$SOXL the absurdity of it

[Chart_Guy @Chart_Guy]

$QQQ $SPY $DIA $IWM $EEM They keep buying OFTM calls and dealers are forced to keep hedging , it has turned into an endless cycle feeding the Gamma squeeze dynamic.