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$SPX closed below the 100 DMA for the the 1st time since the downtrend in Q1. Despite the bounce into the close a weekly close below the 100 DMA is enough to confirm that it made an intermediate term top on Oct 6. The 200 DMA that's currently at 7310 may be in play in November.
$SPX closed below the 100 DMA for the the 1st time since the downtrend in Q1. Despite the bounce into the close a weekly close below the 100 DMA is enough to confirm that it made an intermediate term top on Oct 6. The 200 DMA that's currently at 7310 may be in play in November.
$QQQ - The trading range I mentioned yesterday was invalidated today when it broke below 700 and made an intraday low at 683. The 200 DMA is at 680 but given the bounce into the close it may not be hit next week. It's likely to bounce to 700 or even to the 100 DMA(719) next week.
The worst October in history for the Nasdaq 100 index was in 1987(-27%), but other than the cases which OddStats has mentioned, there was another worse October, in 1997(-7.07%).
xitter.gq/OddStats/status/211613…
I have good news and bad news for $silver bugs. The good news is that it has reached $50. The bad news is that it's not bottoming at 50. The 81-84 trading day cycle indicates that the earliest it may bottom is November 9. The lowest level it may drop to is the Oct 2025 low(45.55)
A violent reversal that it will take it from $50 to $70. Then another violent reversal will take it from $70 to $28.
xitter.gq/hajiyev_rashad/status/…
CyclesFan retweeted
500 Milhões de Europeus, esperam que 300 Milhões de Americanos os protejam contra 120 Milhões de Russos que nem conseguem derrotar 40 Milhões de Ucranianos enquanto, não percebem, que estão a ser invadidos por 2000 milhões de Muçulmanos que se dizem perseguidos por 9 milhões de Israelitas!
$QQQ was down 1.4% today. Last week I posted the possibility it may be forming a similar trading range to the one that preceded the decline into the March low. After AMZN's disappointing earnings it looks like we'll see a decline to the bottom of the range near 700 tomorrow.
$AMZN hit the 200 day MA earlier today. Potential scenarios for post earnings tomorrow:
1. Selloff and retest of the June/July lows at 225-226.
2. The start of a rally to a new ATH, or at least an initial strong bounce that may lead to a retest of the June/July lows in November.
At the moment Google is down 8% after earnings and is trading around $298. We'll see how it goes tomorrow.
xitter.gq/CyclesFan/status/21144…
$GOOGL is close to breaking the July low and I think it will break it eventually, if not next week then in November. The A=C downside target is $291.
Kalshi and Polymarket betting odds are not reliable. They are based on fake suppression polls.
xitter.gq/KalshiPolitics/status/…
$QQQ - The intraday high was 715. 715 is where the gap from Thursday is and it acts as resistance. Trading above 715 will take it back to 728. I don't see it trading higher than 728 this week. On the other hand there's the important support at 700. Breaking it will lead to 680.
