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GDX: Long-Term Bullish - Early Entry at Fibonacci SupportOn the weekly chart, GDX appears to have found support within a major Fibonacci retracement zone following the correction from the January high. Current setup: The recent low reacted near the 0.50 retracement of the broader bullish impulse. Price has broken the shorter-term bearish trendline, providing an early bullish signal. GDX is now testing resistance around $93, roughly the 0.50 retracement of the January-to-August decline. The larger support zone remains approximately $85.27–$65.46, with $80.17 representing the level I am using as the key secondary/add entry. This is an early entry , not yet a fully confirmed breakout. I would like to see GDX establish a higher swing low and break the red dotted resistance line before considering the longer-term bullish structure confirmed. If price pulls back and holds around $80.17, I view that as the better risk/reward location to add with higher conviction. A retest of the larger descending trendline or the fibs would materially strengthen the setup and could open the path toward the major long term Fibonacci targets at approximately $113.04, $136.93, and ultimately $154.80. Risk: A failure of the current breakout followed by a loss of $80.17 would weaken the near-term setup and increase the probability of a deeper retracement into the larger Fibonacci support zone. A loss of the 100-week EMA and the recent July low near $70 would be substantially more concerning. A subsequent break of the major long-term Fibonacci support around $65 would represent a serious deterioration of the long-term technical structure. Below there, the next major support I am watching is around $56, where the June 2025 price structure converges with the rising 200-week EMA. Macro risk remains important. A renewed rise in real yields, a stronger dollar, higher oil/inflation expectations, or a reversal of the recent yen/intervention dynamics could pressure gold and miners and invalidate the timing of the trade even if the longer-term thesis remains intact. Bias: Long-term bullish. Short-term cautiously bullish. This is an early-entry setup awaiting confirmation.confirmation.
AMEX:GDXLong
by jonlorquet
2
$MAGS, this is how these market patterns typically play out.CBOE:MAGS , this is how these market patterns typically play out. The next major market inflection point, from bull market to bear market, could be a once-in-a-few-years opportunity. No one knows exactly when the trend will turn. I’ll analyze the stock market hour by hour, day by day and week by week, watching market structure, momentum and sentiment for signs of a major trend reversal. CBOE:MAGS NASDAQ:QQQ AMEX:SPY #SwingTrading #StockMarket #MarketCycle
CBOE:MAGS
by Swing_Trader_Saan
Research 10.08.2026🌏 Markets: AMEX:SPY +0.28 0.04%(pre/m) NASDAQ:QQQ +0.89 0.12%(pre/m) 🆕 Economic News: The US corporate earnings season is continuing. 📈 Gap Ups Reaction to earnings/guidance: NASDAQ:NESR NASDAQ:AAON NASDAQ:PLUG NYSE:SDRL NASDAQ:CECO NYSE:EMBJ NASDAQ:RDNT NASDAQ:CAMT NASDAQ:AXSM NASDAQ:BTDR NYSE:INSW NYSE:FERG SET:CRC Other news: NYSE:TDY Teledyne is acquiring NASDAQ:VREX Varex Imaging for $1.1 billion. NASDAQ:ABCL Announces Positive Top-Line Phase 2 Clinical Trial Results for ABCL635, Demonstrating Significant Reduction in Frequency and Severity of Vasomotor Symptoms and a Favorable Tolerability Profile The optical manufacturer continues its rally : NASDAQ:AAOI NASDAQ:LITE NYSE:COHR NASDAQ:SPCX Stock Jumps Again After Lock-Up Rally, retail investors turn sellers for first time since IPO. NASDAQ:MRNA : FDA approved its mFLUSIVA for adults 50+—Phase 3 showed 26.6% higher efficacy versus standard vaccine NASDAQ:META CEO Mark Zuckerberg called for lower U.S. barriers for open-source AI models to compete with Chinese rivals, Meta launches new AI model. Apple NASDAQ:AAPL says Mac users in China can connect to Alibaba's NYSE:BABA Qwen AI service 📉 Gap Downs Reaction to earnings/guidance: NASDAQ:MNDY $B NASDAQ:SGRY NASDAQ:LIF Other news: Jefferies downgraded Apple NASDAQ:AAPL to Underperform from Hold. -- Amid a severe shortage of AI chips, Apple has started testing chips from Chinese manufacturer CXMT — WSJ. NASDAQ:INTC Announces Proposed $15 Billion Common Stock Offering. NYSE:NET Announces Proposed Private Offering of $2.175 Billion of Convertible Senior Notes NASDAQ:SIMO offering of $800mln. ‼️ Additional NYSE:GME GameStop raised its bid for eBay NASDAQ:EBAY to $56 billion. At this point, GameStop owns nearly 10% of eBay shares and is seeking to acquire the entire company. The US Q2 2026 earnings season continues. -- Among the companies that have already reported, 76% have beaten revenue expectations, above the 5-year average of 70% and the 10-year average of 68%. -- 86% have beaten EPS expectations, above the 5-year average of 78% and the 10-year average of 76%. -- FactSet JPMorgan raised its year-end 2026 target for the S&P 500 to 8,000 from 7,800. 📋 List of tickers involved: NASDAQ:NESR NASDAQ:AAON NASDAQ:PLUG NYSE:SDRL NASDAQ:CECO NYSE:EMBJ NASDAQ:RDNT NASDAQ:CAMT NASDAQ:AXSM NASDAQ:BTDR NYSE:INSW NYSE:FERG SET:CRC NYSE:TDY NASDAQ:VREX NASDAQ:ABCL NASDAQ:AAOI NASDAQ:LITE NYSE:COHR NASDAQ:SPCX NASDAQ:MRNA NASDAQ:META NASDAQ:AAPL NYSE:BABA NASDAQ:MNDY $B NASDAQ:SGRY NASDAQ:LIF NASDAQ:INTC NYSE:NET NASDAQ:SIMO NYSE:GME NASDAQ:EBAY Best regards – hi2morrow team.
NASDAQ:QQQ
by hi2morrow_team
SPY Is Coiling Under 776 With Conviction Fading.SPY Is Coiling Under 776 With Conviction Fading. The trend is intact but a warning is building. SPY has held near its high, trading 774, still just under the 776.81 level - but the 4H conviction surface has cooled to bottom-quartile even as price holds the highs. That divergence, price at the highs while conviction fades, is the same pattern that preceded earlier turns. An NR7 is compressing here too. The trend line at 765 still holds, so this is not a reversal - but it is the first caution flag since the breakout. Neutral. Resistance: 776.81 - the high Key resistance: 778.00 - open air above Current price: 773.94 Support: 769.04 - first support Key support: 765.71 - the trend line Structural floor: 759.67 - the prior high Two paths from here: It breaks 776.81 and the divergence resolves up. If SPY pushes through 776.81 and the surface rotates back up, the fade was just a pause and the trend continues to 778. Price can pull conviction back up when it breaks. The fading conviction caps it. Bottom-quartile conviction at the highs plus an NR7 is exactly the setup that has capped SPY before. A rejection at 776.81 and a loss of 765 would signal the rest the whole board looks due for. The divergence is the tell. SPY is coiling under 776.81 with conviction fading at the highs - the first real caution since the breakout. Above 776.81 the trend resumes; a break of 765 with this divergence would be the start of the pullback. Watching the surface. Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS Study, not financial advice.
AMEX:SPY
by virDeStatera
Gold Miners (GDX) Approaching Key Support ZoneGold and gold miners are now approaching important support zones that could define the next major market move. The weekly chart of the VanEck Gold Miners ETF (GDX) highlights a critical area where the ongoing wave 4 correction could potentially find support before the next impulsive advance begins. GDX is approaching an attractive support zone formed by the 2021 all-time highs, the 38.2% Fibonacci retracement level, and the upper line of the base channel, which all converge around the 70–68 region. If this area holds, we could see buyers step back in and trigger the next impulsive move higher into wave 5. However, while this support zone offers a potentially favorable setup, bullish confirmation would only come with a decisive break back above the trendline and the 90 level. Until then, the market remains within a corrective phase, with the next major direction likely determined by how price reacts around this key support area.
AMEX:GDX
by ew-forecast
SPY Aug 10: 775 Wall, 770 Trap Door SPY is sitting in a spot where I think the 15m matters more than the headline direction. The 1H trend is still constructive. We had the run from the 730s into the mid 770s, then a controlled pullback, and buyers stepped back in around 768–770. Price is now back near 773–774, so bulls haven't really lost the larger structure. But I don't see this as a clean breakout yet. For me, 775 is the level that needs to move. The 15m is showing a tighter picture. SPY recovered from roughly 770.9 and is now grinding back toward the top of the recent range. RSI is around 62, which is healthy enough for continuation and not stretched. What I like is that buyers are still holding the higher lows. What I don't like is that price is pushing into resistance while GEX is sitting positive. That can make the first breakout look stronger than it actually is. The dealer map is pretty clean here. 775 has the strongest nearby upside positioning. Above that I have 776–777. Underneath, 770 is the big pivot, followed by 769, 768 and then 765. With positive GEX, my expectation is more controlled movement unless SPY can force its way through the upper strikes. Dealers can dampen volatility around these levels, so I wouldn't be surprised to see SPY spend time rotating between 770 and 775. That's the range I'm starting with. If SPY pushes into 775 and immediately rejects, I'm not chasing calls. That could easily rotate back toward 773, then 772. But if the 15m starts closing above 775 and the pullback holds it, that's different. Then I'm looking at: 776 - 777 and potentially a larger continuation if 777 starts accepting. The downside is also pretty straightforward. As long as 770 holds, I still give bulls the benefit of the doubt. Lose 770 and fail to reclaim it, and the intraday character changes for me. Then I'm watching: 769 768 and eventually 765 if selling starts expanding. I think one of the easier traps tomorrow could be buying a fast move through 774–775 without waiting for confirmation. That area has everything needed for a fake breakout: nearby resistance, positive gamma and traders already expecting continuation. So my setup is less about predicting green or red at the open and more about seeing which side of 770–775 dealers are forced to defend. My map: Above 775 and holding: 776–777 773–775: decision / possible pin area 770–773: still constructive, but range behavior Below 770: 769–768 Below 768: 765 starts becoming realistic The 1H still favors the bulls. The 15m says momentum is rebuilding. The GEX map says don't underestimate 775. For the daily trade, I want the 15m to confirm the move. A wick through 775 doesn't mean much to me. Acceptance above it does. Right now, 775 is the wall. 770 is the line bulls don't want to lose.
AMEX:SPY
by BullBearInsights
Going Over Q's, long Natural Gas, Profits taken on FridayIn this video for my subscribers I go over my thoughts on the Q's and what I'm personally looking for and mapping out ideas of what could happen and What I would do. We also go over natural gas and I went long using a double leverage AMEX:BOIL ETF but I entered with 0.5% of portfolio as a starter position. I also cover two charts that I decided to take profits on NYSE:PFE I'm sill holding Moderna NASDAQ:MRNA as it go news and the bear flag looks like it can fail. Big moves come from failed moves if it has follow through / NASDAQ:SOUNW Great profits on those charts! Amazing to see sound do that 75% from the lows!
NASDAQ:QQQ
by JuvenalGomez
Weekly Bias — 10 AugustThe setup into this week is still bullish, but CPI/PPI now create the first meaningful test of whether last week’s rally was a durable rates-driven reversal or simply a relief move after the weak jobs/inflation sequence CPI is Wednesday, 12 August at 8:30 EST; PPI is Thursday, 13 August at 8:30 EST Last month’s CPI was exceptionally soft → headline CPI fell -0.4% MoM versus -0.1% expected, while core CPI was 0.0% MoM versus roughly +0.2% expected Headline YoY dropped to 3.5% & core to 2.6% The softness was heavily energy-driven, but shelter was also only +0.1% & core services excluding energy were flat This matters because the hurdle for another bullish inflation surprise has moved lower The published consensus currently clusters around Headline MoM 0% to +0.1%, Core MoM +0.2%, Headline YoY 3.3%–3.4% & Core YoY 2.4%–2.5% The Cleveland Fed is even softer on headline inflation The prediction-market distribution is particularly interesting Kalshi currently makes +0.1% headline the modal outcome at roughly 36%, with 0% close behind around 33%; for core YoY, 2.5% has the highest probability, followed by 2.4% I'd define the actual market “whisper” as approximately Headline +0.1/Core +0.2%/3.3%–3.45 YoY/Core 2.5% A print merely matching +0.1%/+0.2% is probably not enough for another explosive upside move by itself The market has already moved toward that outcome June PPI was similarly weak → headline fell -0.3%, while the narrower BLS measure excluding food, energy & trade rose just +0.1% Energy goods fell sharply, including gasoline Current published consensus is approximately +0.1% headline PPI & +0.2% core PPI, with headline YoY expected to fall toward roughly 5% from 5.5% My working whisper is PPI headline 0% to +0.1%, Core PPI +0.1% to +0.2% & PPI YoY ~5%–5.2% I'd put less weight on PPI than CPI unless PPI produces a large upside surprise Wednesday can establish direction & Thursday either confirm or invalidate it The most likely outcome, roughly 45%, is CPI around +0.1% headline/+0.2% core, followed by similarly contained PPI, which is benign enough to preserve the post-NFP narrative without giving the market a huge new dovish catalyst 10Y initially lower/contained → QQQ tests ~$728 → SPY retests ~$777 → IWM tests $303 If CPI comes in 0%/+0.1% or softer, particularly if core is only +0.1%, I'd expect a much stronger duration rally, since it's the scenario capable of producing QQQ $730 → $735 → $738, SPY cleanly through $777 toward $780–$785 & IWM through $303 toward $305–$307 The dangerous outcome is headline ≥+0.3% or core ≥+0.3% After the weak NFP report, the market is effectively positioned for the combination of weaker growth & benign inflation A hot core CPI would break that combination The first reaction should be yields higher, growth multiples lower, with QQQ likely suffering the most A +0.3/+0.3 type CPI would make $718 → $715 → $710/$707 my immediate QQQ downside sequence A genuinely hot +0.4 core print would put the $704–$700 region back into play The market is pricing a lot more event risk into QQQ than SPY, exactly what we would expect around this macro setup — 14 August expiration, using the ATM straddles QQQ ±14 or ±2% → $709–$738 SPY ±9 or ±.2% → $764–$783 IWM ±5 or ±1.6% → $297–$306 That QQQ upper expected-move boundary at roughly $738 is striking because the 1H chart has an existing major swing reference at $737.62 A very clean options/technical confluence QQQ doesn't need an extraordinary move to reach $738 this week It's almost exactly the option market's +1σ boundary Across the complete August chain there are approximately 1.3M call OI vs 1.4M put OI, for a raw put/call OI ratio of about 1.1 Looks mildly defensive until you examine where the options actually sit The major August call concentrations $700 — 109K calls $730 — 80K $740 — 64K $705 — 55K $750 — 54K $735 — 52K $760 — 52K The important upside architecture is therefore extremely obvious $730 → $735 → $740 → $750 Matches the technical chart almost perfectly Meanwhile much of the put OI is substantially farther OTM $680 — 100K puts $700 — 93K $650 — 66K $660 — 56K $690 — 50K $670 — 50K So I don't interpret the modestly >1 put/call ratio as bearish directional positioning, since lot of that is tail protection More importantly, when I delta-weight the entire August chain, the net option exposure remains substantially positive rather than negative; in other words, despite all of that downside protection, the economically meaningful directional positioning is still tilted upward For 14 August specifically, the largest upside gamma/OI concentrations are $725 → $730 → $735 → $740 The strongest are approximately $730 & $735, with $735 the largest individual call-OI strike at 13.6K contracts & $730 around 10K Makes $730–$735 the key acceleration/pinning area If QQQ clears $728.54, there is very little mystery about where the options market wants to test next, $730 → $735 If CPI is sufficiently benign to push through $735, then $740 becomes the next natural dealer/positioning magnet On the downside, the strongest near-price put concentrations are approximately $715, $710, $705 & $700 Almost identical to the technical support ladder This is unusually clean alignment For Friday expiration I calculate approximately QQQ 25Δ put IV → 19.3% QQQ 25Δ call IV → 17% So downside puts carry about a 2.3 volatility-point premium IWM shows almost the same thing, around a 2.1 vol-point downside skew, while SPY's downside skew is smaller at roughly 1.2 vol points Means protection is being paid for, especially in QQQ/IWM, but it is not an extreme “crash is imminent” signal It's exactly what I would expect ahead of CPI/PPI after a sharp recovery SPY is the technically strongest of the 3 The 14 August chain has an enormous $775 call concentration — roughly 89K contracts just in Friday expiration Across August, $775 remains the dominant call strike with about 158K calls Makes $775–$777 a genuine pin/breakout level If CPI is benign & SPY establishes above $777 rather than merely sweeping it, I believe the positive gamma structure can suppress volatility & pull price toward approximately $780, then potentially $785 SPY's Friday expected range is only $764–$783, meaning the market is not pricing a major collapse despite Wednesday/Thursday event risk IWM's Friday expected range is roughly $297–$306 The main upside call clusters are $300, $303 & $305, with larger August positioning extending into $310–$315 The downside book is much heavier than QQQ's — August put/call OI is above 3, but again much of the put inventory sits well below spot around $285–$295 I'd interpret that as substantial hedging beneath an otherwise improving small-cap structure The key IWM signal this week is therefore simple — $303 acceptance → $305–$306 expected-move test If IWM breaks $303 at the same time SPY breaks $777 & QQQ takes $728, that is much stronger evidence of genuine broad risk-on continuation than a QQQ breakout by itself There are several reasons I remain bullish, but not aggressively so The 10Y is still elevated around 4.7%, above its rising 50d average around 4.5% However, VIX is only around 15 & has fallen beneath its short-term average Breadth is back above 50%, while SPY & IWM are sitting directly beneath their highs There is one yellow flag → SMH/QQQ remains materially below its recent MA trend, meaning semis aren't providing the kind of relative leadership normally associated with a full NDX melt-up Meanwhile IGV/QQQ has started turning upward, suggesting leadership has shifted somewhat toward software Supports continuation, but probably a more selective continuation Monday–Tuesday Consolidation/grind around QQQ $718–$728, with positioning building ahead of CPI Wednesday benign CPI Initial push through $728.54, then $730–$735 Thursday benign PPI Confirmation allows QQQ to probe approximately $737–$740 Friday Retail sales & sentiment determine whether the breakout holds or gets faded Retail sales are also due Friday, so the week's event risk doesn't end with PPI The market's +1σ QQQ target is basically ~$738, so my highest-probability weekly endpoint isn't $750, it's approximately $730–$738, assuming inflation behaves 55% bullish continuation — QQQ $728 → $735 → $738/$740 25% range/chop — $715–$730 20% bearish inflation shock — $715 → $707 → $700 I still wouldn't start this week with a naked bearish QQQ thesis The higher-edge directional setup is long on acceptance above $728.54, targeting $735 → $738/$740, invalidated by a failed breakout back below roughly $723–$724 The higher-edge put setup remains the opposite QQQ sweeps $728–$735 around CPI, yields spike & price then loses $718 followed by $715 Would be a genuine macro-driven failed breakout rather than simply fading an extended chart For CPI itself, I'd pay particular attention to core MoM Headline +0.1$ is already well anticipated The difference between core +0.2% and +0.3% is likely far more important for QQQ than whether headline prints 0% versus +0.1% The market is priced for benign inflation & continued upside, but not a huge dovish surprise QQQ has room to $735–$738 within its normal weekly implied move The bullish thesis becomes materially stronger over $728.54 & materially weaker below $715; $707–$700 is the true bearish structural break Notably, the August chains reinforce those exact levels rather than contradicting them This is a meaningful earnings week for QQQ/AI infrastructure, even though the mega-cap reporting cycle is largely finished The market sensitivity is concentrated in AI compute, networking, optics & semi equipment Mon 8/10 RKLB, ASTS — high-beta/speculative growth; useful risk-appetite Tue 8/11 SMCI — major AI-server / NVDA ecosystem Tue 8/11 CRWV — major AI compute demand + hyperscaler CapEx Tue LITE — AI/datacenter optical networking demand Wed 8/12 NBIS — AI cloud/GPU infrastructure demand Wed 8/12 CSCO — networking, enterprise AI and datacenter spending Wed 8/12 COHR — optical/datacenter networking Thu 8/13 AMAT — critical semi CapEx/memory/foundry demand The highest-impact cluster is SMCI + CRWV Tuesday night → NBIS Wednesday morning → CSCO Wednesday night → AMAT Thursday night CRWV is expected to show extremely rapid revenue growth, while CSCO & AMAT estimates also imply strong YoY growth Makes this unusually important because earnings overlap directly with Wednesday CPI & Thursday PPI The market gets both sides of the valuation equation simultaneously → AI earnings determine the earnings-growth narrative, while CPI/PPI determine the discount-rate/yield narrative Cool CPI + strong SMCI/CRWV/NBIS → strongest bullish combination Falling 10Y plus confirmation of AI infrastructure demand would support continuation of the recent growth/tech rally Cool CPI + weak AI earnings → mixed Lower yields provide valuation support, but disappointing AI demand could prevent QQQ from fully exploiting the macro tailwind Hot CPI + strong AI earnings → tug-of-war Earnings support semis/AI, but rising yields compress multiples This could produce large intraday rotations rather than a clean index trend Hot CPI + weak AI earnings → highest downside-risk combination You'd simultaneously lose the lower-yield narrative & get an AI-growth disappointment The market enters this week after a very strong prior week, with the NDX reportedly up about 5.2% & the S&P 500 about 3.6%, so that raises the hurdle for merely "good" earnings; especially, in the high-beta AI names — treat Tuesday after the close through Thursday as the real event window, rather than viewing CPI/PPI in isolation
NASDAQ:QQQ
by pakoumal
4
QQQ: Week of August 10th Going to try using my Monte Carlo thing to see how this pans out. Interestingly, it aligns with my forecast levels fairly well. Anyway, levels are in the chart. Outlook on the week leans more sideways than any over-arching, rip your face of move like last week (based on projections). 711 is your immediate downside target and 728 your immediate upside target. Overall bias is fairly neutral/catious going into this week just based on the sheer size of the move we saw last week (Based on my opinion). Those are my thoughts, safe trades everyone!
NASDAQ:QQQ
by Steversteves
GLD: Week of Aug 10See levels and key areas for this week: After you click the link, click “Grab this Chart” at the bottom/right of the chart or Load Live Bars on far middle-right. “Grab this Chart” opens a copy of the chart environment, but it doesn’t automatically save as a permanent layout in your dashboard. Once the chart opens, you need to manually save it as your own layout by clicking the cloud/save icon at the top of TradingView , “Save As”, name the layout. After that it will show up in your saved layouts/dashboard going forward.
AMEX:GLD
by ryani8877
USO (Oil Proxy): Week of Aug 10See levels and key areas for this week: After you click the link, click “Grab this Chart” at the bottom/right of the chart or Load Live Bars on far middle-right. “Grab this Chart” opens a copy of the chart environment, but it doesn’t automatically save as a permanent layout in your dashboard. Once the chart opens, you need to manually save it as your own layout by clicking the cloud/save icon at the top of TradingView , “Save As”, name the layout. After that it will show up in your saved layouts/dashboard going forward.
AMEX:USO
by ryani8877
SMH: Week of Aug 10See levels and key areas for this week: After you click the link, click “Grab this Chart” at the bottom/right of the chart or Load Live Bars on far middle-right. “Grab this Chart” opens a copy of the chart environment, but it doesn’t automatically save as a permanent layout in your dashboard. Once the chart opens, you need to manually save it as your own layout by clicking the cloud/save icon at the top of TradingView , “Save As”, name the layout. After that it will show up in your saved layouts/dashboard going forward.
NASDAQ:SMH
by ryani8877
RSP/SPY Ratio (Market Participation): Week of Aug 10See levels and key areas for this week: After you click the link, click “Grab this Chart” at the bottom/right of the chart or Load Live Bars on far middle-right. “Grab this Chart” opens a copy of the chart environment, but it doesn’t automatically save as a permanent layout in your dashboard. Once the chart opens, you need to manually save it as your own layout by clicking the cloud/save icon at the top of TradingView , “Save As”, name the layout. After that it will show up in your saved layouts/dashboard going forward.
AMEX:RSP
by ryani8877
Market Rotation Cheat Sheet: Week of Aug 10See levels and key areas for this week: After you click the link, click “Grab this Chart” at the bottom/right of the chart or Load Live Bars on far middle-right. “Grab this Chart” opens a copy of the chart environment, but it doesn’t automatically save as a permanent layout in your dashboard. Once the chart opens, you need to manually save it as your own layout by clicking the cloud/save icon at the top of TradingView , “Save As”, name the layout. After that it will show up in your saved layouts/dashboard going forward.
AMEX:XLE
by ryani8877
SpyI think there's a slim chance at a minor new high next week then from Mid August into September we continue selling TVC:DJI Monthly and weekly RSI +70 Daily RSI negative divergence Bearish ascending broadening wedge I don't think a new high comes on TVC:DJI , I think we have a 5% draw down back to support and when that goes we sell back below 50k NASDAQ:QQQ Pushed up to resistance here Zoomed in you can see Vol fell off a cliff here at resistance and lastly looks like we just retested diamond support. NASDAQ:QQQ monthly candles Junes was a dragon fly doji reversal July confirmed June's topping candles Usually by the End of the 2nd week (August 15) You will start to see the monthly trend play out. If we hold under 725 Then this market is finished. If NASDAQ:QQQ pushes above 730, then we will make one more high to 737-740 but like I said, as we get closer and closer towards the end of the month you will start to see things follow what has been a bearish trend TVC:VIX has been Cuckish lately, we tagged bottom of a downtrend and most likely we will spike back to 20 in the next week or so AMEX:SPY daily RSI.. Divergence was hit Thursday and spy pulled back If we open up above 775 Monday then they will likely push this to 780 by Wed, from there I am bearish If we open up below 767 then 760 comes and below 760 is death. 767-773 is chop and traps
AMEX:SPYShort
by ContraryTrader
14
TQQQ: Structural Retracement within Active Bearish SequenceNASDAQ:TQQQ is currently navigating an active downward leg originating from Point B, with the primary sequence target at red C near $44 remaining open and unreached. Despite the recent upside push, the broader market structure remains oriented downward as price works through this ongoing corrective phase. Price is presently executing an upward retracement, pressing directly into the red BC area between $72 and $76. This push represents a key structural test within the larger move, as price interacts with immediate local supply before determining the next directional expansion. Unless price manages to extend beyond Point B and completely shift the macro context, the dominant structural trajectory favors a path toward the lower objectives. A continuation downward keeps the open red C destination and the primary grey WCL zone firmly in focus.
NASDAQ:TQQQShort
by SmellyTaz
QQQ Trading Opportunity! SELL! My dear friends, QQQ looks like it will make a good move, and here are the details: The market is trading on 723.03 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 703.22 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
1