QQQ was rejected off the top of my bounce target zone on the 60-minute time frame. Last week’s lows around 326 remain a key near-term support level that would likely trigger more downside if taken out.
The recent sell signal on SOXX (semiconductor ETF) is still intact as it remains below the primary uptrend line & appears poised to break below a bear flag continuation pattern, should it continue down from here.
GSHHY(Guangshen Railway Co.) has broken out above the 10.55 resistance level, triggering an objective long entry/buy signal with a stop somewhat below that level although it will help to see additional buying/volume as well as a solid close above that level today. Keep in mind that pink sheet stock= higher risk & return potential so best to keep position size on the smaller size or pass if this type of aggressive trade does not mesh with your trading style, risk tolerance, and objectives.
Nice reversal on PTON from where it was highlighted as another objective short entry or add-on near the highs of Friday’s bounce with a continued move down to the 72ish target still likely.
The next sell signal on TSLA still to come on a solid break and/or close below 660, especially if both QQQ & SPY also break below the recently highlighted support levels.
MARA (Marathon Digital Holdings) is currently testing the 28.93ish support with the next sell signal to come on a solid break below it.