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S&P 500 Index Tracking ETF

Nasdaq 100 Futures Close on Wedge Backtest

Not much new to report since the market update video published earlier today. The Nasdaq 100 Emini futures basically spend most of the regular trading session backtesting the 60-minute rising wedge pattern from below following the overnight & early morning session breakdown. NQ 60-min 2 June 18th Also worth noting is the fact that 4 of the 5 FAAMG stocks; AMZN, GOOGL, MSFT & FB, once again did most of the heavy lifting for the Nasdaq 100 with green closes ranging from +0.48% to +2.10% with AAPL closing slightly red at -0.05%. The effect of the top-heavy FAAMG stocks [...]

2018-06-18T16:44:53+00:00 Jun 18, 2018 4:44pm|Categories: Equity Market Analysis|Tags: , , , , , |0 Comments

Stock Market & Semiconductor Sector Analysis

Technical analysis highlighting some recent developments & key levels on the US stock market & semiconductor sector via SPY, QQQ, ES, NQ, SOXX & XSD as well as some of the leading semiconductor stocks. playback speed can be increased in the settings to reduce video duration

2018-06-18T12:18:21+00:00 Jun 18, 2018 12:18pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , , |3 Comments

Nasdaq 100 Futures Break Support

Nasdaq 100 Emini futures went on to break down below the bearish rising wedge in the overnight session which is likely to be the catalyst for more downside this week, whether on not /NQ backtests the wedge from below first or not. NQ 60-min June 18th S&P 500 Emini futures continue to move lower since last Wednesday's rising wedge breakdown with a move down to at least 2744 still likely in the coming sessions. 60-minute chart: ES 60-min June 18th

2018-06-18T09:29:51+00:00 Jun 18, 2018 9:29am|Categories: Equity Market Analysis|Tags: , , , , , |2 Comments

QQQ Testing Support, SPY Gaps Below Support

QQQ is testing the minor uptrend line/rising wedge pattern with a sell signal to come on an impulsive break and/or 60-minute close below. QQQ 60-min June 15th While QQQ is testing support following the post-opening dip, SPY gapped impulsively below the 277.92 support today which opens the door for a move down to the 274.30 area. The 277.92ish level should now act as resistance on any kick-back rally while any move down to the 274.30ish support/target would most likely flip the 60-minute trend on SPY to bearish with QQQ most likely following suit & going on to break below [...]

2018-06-15T09:57:09+00:00 Jun 15, 2018 9:57am|Categories: Equity Market Analysis|Tags: , , , |1 Comment

QQQ & SPY 60-minute Charts

Watching the market trade the last couple of days leading up to an FOMC meeting is like watching paint dry. So far this week, the broad market (S&P 500) has put in two candles so small you almost need a microscope to see them, moving slightly higher by a mere 1/4th of 1% so far this week. As a type this, we have exactly 24 hours to go before the FOMC rate announcement & subsequent statement is released tomorrow so I'm expecting more of the same until then. $SPX daily June 12th With that being said, here are the [...]

2018-06-12T14:15:20+00:00 Jun 12, 2018 2:15pm|Categories: Equity Market Analysis|Tags: , , , |6 Comments