UPDATE July 21
Well the QQQ blew past 301 in line with the futures running over 12500. But what do the charts say now?
$E-mini NASDAQ 100 Futures(SEP4)(NQmain.US$ That separation of the candle from the trendlines is an almost guaranteed bearish sign, but how long can the bear be delayed is the question.
$E-mini NASDAQ 100 Futures(SEP4)(NQmain.US$ That separation of the candle from the trendlines is an almost guaranteed bearish sign, but how long can the bear be delayed is the question.
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/542701512f5c3010b995348310c4ba9a.jpg/bigmoo)
$Invesco QQQ Trust(QQQ.US$ 320 as my top. I started shorting today, ~303.3 is a good fib wave extension, but the charts say this can go up a little more, especially if it cools off as it goes. 311 then 314 then 320 are the levels I'm watching for reversals
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/4f5065f9007f3cfd847d47283dc0e6f8.jpg/bigmoo)
$Crude Oil Futures(SEP4)(CLmain.US$ Bouncy Bouncy, steady climb up or a pop... Or a decline? anything is possible but I bet on up. 106 ish. 88 is the low, anything above that I'm bullish.
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/82132a514e773f58859126b5407a3c7d.jpg/bigmoo)
$Schlumberger(SLB.US$ Was thrown overboard this morning, the daily is still bullish going into earnings Friday premarket. I have a hard time believing that this is going to selloff going into earnings where they are going to have MONSTER earnings.
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/abe6fa4129e23ad5b23f82f7050dd777.jpg/bigmoo)
$Cleveland-Cliffs(CLF.US$ Dropping dollar means steel goes up.
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/0b3e1535095030f79a18ab661df0333a.jpg/bigmoo)
$Alibaba(BABA.US$ The 9MA (blue) caught the 150(cyan) next up is the 50MA (green). It can hang around this price range for a while, or Baba drop and recover.
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/faad869fd1a73f1ab9e6ec6e21e27251.jpg/bigmoo)
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/9c6d30cd8fb735769c966f0ea8c08241.jpg/bigmoo)
this is mislabeled it should be 2 hr.
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/f450de9815c137c9ae88a3c8890f8c07.jpg/bigmoo)
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/e12998383d9d30e09fd03b9efd9e2260.jpg/bigmoo)
$USD(USDindex.FX$ Lower dollar is good for steel and multinationals
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/35d08e3e65a4341eac949e36eb6218ce.jpg/bigmoo)
$Microsoft(MSFT.US$ a component of QQQ, so let's see what it may do to get a better idea of QQQ. Triangle forming. 9MA caught the 50MA so a good time for a pullback.
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/47cb77da73033879befa0bdaef9dfe3f.jpg/bigmoo)
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/89a12221c6da32efa6007362ff0d11c7.jpg/bigmoo)
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/9244bcd7e31c316faa1fba4f6463c548.jpg/bigmoo)
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/4d5e6efffb6f35b7842be4501434c976.jpg/bigmoo)
Futures
VIX looking bullish towards open.
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/921877d9c98a38e9b61a99f2a7de9460.jpg/bigmoo)
a little bullish, let's see if it holds.
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/b414ee2de86537078e3a2bcbce269076.jpg/bigmoo)
NASDAQ 1 hr Bollinger bands are "pinching" gearing up for a break, is it down or up?
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/a5e3b4b9540b33f1a97d7b06a0c171c1.jpg/bigmoo)
looks like a bearish divergence is forming, will it hold near open or turn bullish?
![UPDATE July 21](https://ussnsimg.moomoo.com/feed_image/70624085/bd73df95996a3e4897429392dcf20c87.jpg/bigmoo)
Off to work, down the mountain,
As always good luck![]()
As always good luck
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Butcher71 : Awesome charts as usual!
W Chiang : Yield dropping
icezzz : NQ still look bullish? Thought of sell some Sqqq but getting lower n lower
iamiam OP icezzz : why sell it, you will just want it back, we are so close to a top, it might even be as I type.
Thelord iamiam OP : I also suspect we are at a top, but was wondering what could be the catalyst for market to dump
icezzz iamiam OP : market so bullish these 2 weeks, start to doubt my decision. anyway I hold n wait. Patience is key.
always looking fwd ur TA. Thanks
Thelord icezzz : Are you net long or net short
icezzz : Sqqq buy at 53. Waiting go up n sell
bwjx : IMO the next major pullback or dip will be a good chance to close shorts and go long. I think a recession will come, probably after the SPY challenge its ATH in the coming months.
Thelord bwjx : Maybe it has already started to rocket. Yields and oil already dropping