iamiam wrote a post · Feb 9, 2023 20:42

Update Feb 9

Busy busy busy, a lot going on for me today, plus I got bit by a dog that came after my dogs, so this is going to be quick.

UP?!?

Keep in mind that jobless claims come out an hour before open, so a possibility of a giant wet blanket reversing the market is possible. I believe we are going up anyway. My indicators have just turned bullish, and it looks very strong.

$E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$

This could drop to 12444 or 12333. Jobless claims could do that. there is a nine count to a reversal, and RSI is getting high. iam not worried/counting on those indicators, but a selldown would not be shocking. Preferably, we continue to run up. If NQ breaks 12786, then we can run up towards 13000

$Invesco QQQ Trust (QQQ.US)$ needs to break 311.2 to be bullish. A failure, and it should eventually find 299, maybe lower. if we break 311.2, I have the run going to 318 on this push, with a top target of 324-330

$Tesla (TSLA.US)$ 220-230+

$Snap Inc (SNAP.US)$ This still fits a Livermore Accumulation Cylinder.... SNAP to it!!!

$Alibaba (BABA.US)$ Let's keep it up!

$Cleveland-Cliffs (CLF.US)$ 23.3+++

$Marathon Digital(MARA.US)$ Looking to make a move, it can go either way. The RSI is cool and could provide the room for a strong bullish run, should the market run on jobless claims. The structure could ultimately fail as it is forming a head and shoulders, I forsee at least a false breakout before any sell down.