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$QQQ Daily. Like $SPY, $QQQ looks to have put in a local bottom. Bounced off monthly demand and upside targets are 292, 300 (gap fill) 305, 309 and 314
Key low to hold is 277
$NDX $NQ_F $XLK #SPY#Nasdaq $AAPL $MSFT
$AMZN requests
Close to a 5 wave structure complete
After 5 a counter trend move comes (correction)
HTF demand ~99-94$ area(point of interest)
If this demand holds, relief bounce comes likely taking stock back to 130
Close to a BOUNCE opp soon
BEAR LONG TERM
80$ imo
Maybe, but it feels like market wants to test higher first.
Even if we rally >420 & ultimately fail we could still get down there.
But if short covering rally gets out of hand there’s no guarantee we go lower. So just take it one day at a time 👏🏼 & 👀 on FOMC
The TTM Squeeze combines Bollinger Bands & Keltner Channels
This helps identify when a stock is consolidating and signals when prices are about to break out/down.
Here are a couple of setups I like:
$MA Mastercard
$SEED Origin AriTech
Charts @trendspider