$QQQ lagging behind $SPY but I feel it's time to show its strength.
Either bounce off the completed gap, or close the gap below at $712-$713.
Either way, higher incoming me thinks.
$TSLA Another position I have on for tomorrow.
Formed a nice demand zone between 390-392, tested it several times with good reversals.
Should get to 415-419, or higher.
Could reject at 408, and test demand again. I'm a buyer there for now until proven wrong.
Earnings coming up, so buy the rumor sell the news.
Played out quickly, and then re-played it out even stronger.
Looking for a pullback into $748-$750 OVN, and then continue higher tomorrow.
OR sustain levels, and retest the $745 level again.
So far July has been chop suey, however building pressure for upside breakout.
Holding nothing OVN, added to long-term positions.
See you in the AM.
Chart below for tomorrow.
$SPY
$SPY Ddin't respect my level and over-extended higher (don't complain about that).
$748-$750 support level. Bounce from there and go higher, or retest $745.
Watching into the close.
Favoring higher.
$SPY levels for today:
750 — call wall. Rejected here 30 times since June. 31st time's the charm?
745.97 — yesterday's pivot. Above = bulls have the ball
740 — put wall + 50SMA. Buyers showed up here yesterday, they'd better show up again
Negative gamma = fast moves both ways. Jobless claims 8:30. Iran headlines free of charge.
$SPY $QQQ
Long & strong here.
We are back to bombing Iran during the ceasefire for the Iran war that is not a war because Iran bombed a vessel for crossing the Strait of Hormuz that they don’t control yet apparently control.
Not sure how they bombed the vessel because we have totally and completely obliterated their military and beat them in the war that is not a war like 40 times now.
I’m so glad that Trump ran for president to end forever foreign wars otherwise I might start thinking this war that is not a war that we won like 40 times is starting to turn into another forever foreign war in the Middle East.
Good thing Pete Hegseth, Secretary of the Department of Defense, I mean War, is headed to Israel to take orders from, I mean ask for advice, on how to totally wipe out Iran, I mean bring peace.
I’m totally sure no one in the executive branch or donors will do any sort of insider trading based on super duper secret military decisions.
You know the kind based on intelligence that Congress is going to fuse with Israel’s military after they all vote to pass the National Defense (war) Authorization Act.
Because this is exactly what we all voted for when we said Make America Great Again.
BREAKING: The surge in illegal immigration under the Biden administration reportedly triggered a 30% increase in home prices and a 20% rise in rents, per Federal Reserve papers.
99% of traders will read this and keep scrolling
The 1% who stop already know:
You don’t lose to the market
You lose to the version of yourself that couldn’t wait 10 more minutes.