Lifetime channel of $SPY 1M log.
Been seeing a lot of fintwit compare this time with ‘00/‘08 separately but looking back it was a decade long move that ended with a double top.
$QQQ $SPX $AAPL $TSLA
$NQ/ $QQQ bounce was expected: daily oversold + 200sma retest, amplified by #KOSPI and Situational Awareness risk-appetite commentary.
Key watch: Does $ES still need its own 200sma test for a true bottom?
If $SPY 729.75 base holds, we can wipe that scenario.
$SMH 544 holding ⇨ strong bounce continuation in the days to come
Most people get into trading for the same reason: make some extra money and improve their life
Along the way most people focus however on how to make that money as fast as possible. This is the wrong approach. The approach should be how can I get to a point quickly where I can relatively consistently be green every month. Start there.
When you start on average, even $100 a day can make a decent difference to your life at the end of the year. It can pay some bills, a few extra payments on your mortgage, a vacation or it gives you options to invest in yourself
People forget to account for the fact that losing money is not only lost capital, lost time but also causes a lot of added stress mentally. It affects your daily life, your mood, things at home. This only leads to more spiraling in an effort to make money back. Some never get out of this loop.
But if you want my advice, just give yourself time and grace. None of this is easy which is why most cant make it. But if you are patient both with yourself and overall, after the initial learning phase you will get to a point where you can make that 100 bucks with relative consistency. From there on, its just numbers, then you shoot for 200, 500 etc. On a monthly level thats 10k, so 6 figures in annual income. That alone for a vast majority of people is a game changer. 500 bucks a day.
So dont lose sight of the long term picture here. We go through the initial pain so we can enjoy the fruits of both our labor and the time we put in. Dont do a disservice to yourself by being short sighted or just focus on making money today or tomorrow or this week. Think about how you can do so for 20 30 40 years.
When you think in those terms, taking 3-5 years to get decent is not a big sacrifice. As in all things in life, operate under the right frame and don’t have unrealistic expectations.
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$NQ $QQQ $ES $SPX
Short squeeze setting up 🚀
Launch pad being constructed 🚧
Look at this COIL —> with contraction comes expansion
-Right into daily demand/common W4 retrace levels
Late 🐻 gets rocked 🔜
Algorithmic Ranges is our PO3 engine for TradingView.
Probably the deepest PO3 tool in the ICT space.
500 likes → we release it free.
Like + RT if you want it.
i was playing around with Edgeful and i found something insane
this stat has a 99.6% winrate 🤯
mark out the 8-9 am range on NQ:
- 40.7% chance it takes out either high/low
- 59% chance it takes out BOTH the high & low
only 0.39% chance it consolidates
high probability level to target when taking trades.
proven by 12 months of historical market data
6/16 update: $SPX $QQQ
Getting that expected retracement for W4
FOMC on deck tomorrow
Should be the price accelerator to push QQQ SPX to nATH for W5 up