UPDATE June 22
Another leg down?
After a rebound?
Divergences on every indicator, except the MACD fully. I like the 14970 as a temporary bottom. That doesn't mean we couldn't go to ~14940 before a rebound. If we bounce, I suspect we bounce up to between ~15220 and 15340.
on the 30 min, now we see the full MACD divergence. this looks like it wants to bounce. if we don't get a bounce, that would be bad.
the QQQ is similar
There are no divergences on the 2 hr, but it has reached a 9 count to a reversal. I did think a bounce to 368, but now I lean towards a bounce up to around 365/6. downside support would be 359 then 355.
on the shorter 10-minute time frame, there are multiple levels of bullish divergences. Both short duration and a longer duration.
A few tickers iam in
Maybe a bounce today, then more downside to ~230
Reached a 9 count on the 2 hr time-frame. There are no bullish divergences on this time frame, but there are on smaller time frames. This has reached a 9 count and is oversold.
Everything is reaching a 9 count, which means the selling has been persistent and needs a correction. A correction is not guaranteed, just likely. I'm looking for a bounce back up to 260, but it's tesla, it can do a wild crazy move either way.
This is on a longer bull run, it's trying to brak out.
Love that Deere!!!
Buying the dips, 450-500!!! looking for a pullback here. I'm up over 1000% on this lovely green monster. I sold one batch of options yesterday for 4500, up from the 380 I paid! i have another batch of options that are up from 199 to 2400 that im looking to roll. That's why you jump these early!
9 count to a reversal with bullish divergences
Another quick post. The market is rotating. I'm looking for rebounds in tech before more selling. Powell is speaking again, so anything can happen.
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
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Ben 23 : Thanks for sharing. Do you see a possibility that commodities and China mkt rebounding while Nasdaq and big tech continue to sell off? Chart looks too bullish to be a bear on Commodities and China stocks.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
faithful Mole_9063 : Any thoughts on Sofi? They seem to be defending the 8.4 - 8.6 range pretty well this 2 days. With the looming college debts coming, where do you see this going forward(
rawrrrbucks : Thank you for your analysis… it’s much appreciated. What’s the significance of 9’counts for Tesla, QQQ and intel?
iamiam OP Ben 23 : yes that is exactly what I see. but not gold or silver
iamiam OP faithful Mole_9063 : I sold out of sofi. I think they get a bounce, but I wouldn't be all in it yet. I would only day trade it until this correction is over
iamiam OP rawrrrbucks : 9 count just show exhaustion. meaning it's gone too far in one direction and profit takers should come in.
rawrrrbucks iamiam OP : Ah. Never heard of that before. What do you feel would be a good size correction? perhaps 20-30% off of the high, Before another run?
faithful Mole_9063 iamiam OP : Thank you!!
iamiam OP : 5-10%
rawrrrbucks iamiam OP : Thank you!
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