In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of AAPL. We presented to members at the elliottwave-forecast. In which, the rally from 19 April 2024 low is unfolding as an impulse structure. Showing a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the stock & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: AAPL 1-Hour Elliott Wave Chart From 6.23.2024 AAPL Perfect Reaction Higher From Blue Box Area Here’s the 1-hour Elliott wave chart from the 6.23.2024 weekend update. In which, the short-term cycle from the 5.23.2024 low ended in wave (3) at $220.20 high. Down from there, the stock made a pullback in wave (4
Hello everyone! Today i want to share some technical analysis with you!1. $SPDR S&P 500 ETF Trust(SPY)$ The mother of all wedges. 👀 2. $Tesla Motors(TSLA)$ closes back above its 200-Day SMA for the first time since January 10th...We are so incredibly back. 🔋 3. $Apple(AAPL)$ The bigger the base... 🍏4. $Snowflake(SNOW)$ Bull RSI divergence + Insider buying was a thing of beauty.5. $Marathon Digital Holdings Inc(MARA)$ Squeeze it 🍋 Follow me to learn more about analysis!!https://x.com/TrendSpider
SPX Daily Chart - Decline quickly bought recovering the 10DMA
$S&P 500(.SPX)$ The shooting star has not been invalidated yet, but as long as big tech keep soaring this market will remain in buy the dip mode and very risky to short.Breadth continued deteriorating today, which is consistent with tech driving the market. The SPX equal weight index fell 0.81% while SPX gained 0.27%.Some tech equities had weak performance but $TSLA continues validating long timeframes setups and $Microsoft(MSFT)$$Apple(AAPL)$$Amazon.com(AMZN)$ roared.July is a bullish month, so this week will be key to validate or invalidate topping setups brewing since mid June.I’m on vacation enjoying family tim
The forward P/E ratio of the S&P 500 is approaching levels seen during significant peaks
The forward P/E ratio for the $S&P 500(.SPX)$ index is the current price of the index divided by the estimated earnings per share for the next 12 months. It is used to assess the valuation of the S&P 500 index based on anticipated earnings.Currently, the forward P/E ratio of the S&P 500 is approaching levels seen during significant peaks.Not the case for the equal weighted index though.Something to be mindful about.Again: Approaching. $SPDR S&P 500 ETF Trust(SPY)$$NASDAQ(.IXIC)$$Invesco QQQ(QQQ)$$E-mini S&P 500 - main 2409(ESmain)$
Prepare for higher volatility, things are about to turn!After a relatively calm first half of the year, and overall a pretty good time for most markets — things might be about to get a bit mucky heading into H2.The historical pattern is for volatility to rise into the second half of the year.As a matter of fact, we are basically right on the cusp of the seasonal turning point (the average level of the VIX tends to rise from now through Oct/Nov).But seasonality is just that: an average of the past. The way I look at it you should bring in seasonal information once you have an existing strong thesis and have it help to round out and build conviction… or alternatively as a prompt to check out the bigger picture in the first place.So let’s look at the situation now:--Valuations: US large cap s
Nike has Fallen 57% from Its All-Time High. Don't Catch the Falling Knife.
Nike $Nike(NKE)$ has dropped 56.72% from its all-time high of USD 177.51 in 2021, with its current share price at USD 76.83, reflecting a 22.34% increase from its COVID-19 low of USD 62.80 in 2020. I maintain a neutral stance on Nike for several reasons: 1. Muted Growth: Revenue is projected to decline by 3% and 5% for FY2025 and FY2026, respectively, while Operating Income is expected to decrease by 7% and increase by 13% for the same periods. Nike anticipates a 10% year-over-year sales decline in the next quarterly earnings release due to a slowdown in the Chinese market and weakening global consumer demand. 2. Flaw in Direct-to-Consumer Strategy: Nike aimed for 60% of its revenue to come from direc
$Tiger Brokers(TIGR)$ my goals are simple 55555. Annual goal is to invest and earn >5% interest gain. Gym goal is to gain >5% of muscle mass. Personal goal is to save >5 % of expenditure. Think of 5 things that im grateful for a day. And leave office at 5pm every Friday! 55555 everyone !
My option trading results for June. May look small for many people but is a great step to me. Let's see how it goes in July[Cool] #option beginners #option strategy
$Nike(NKE)$ plunged nearly 20%, and it could have been worse if not for a buyback. What went wrong with the world's No. 1 sports brand? Will the current pessimism in the secondary market continue to spread?If we look at Nike's core product, footwear, we can see its business model in recent years and how it has missed out on the popularity of running culture.Ignoring grassroots running communities. Compared to emerging brands in recent years such as New Balance, Hoka and Asics, Nike seems to have little interest in promotions such as community running events. For this grassroots style of marketing, Nike appears to be overly confident in its brand and reputation, and its lack of presence could lead to its alienation from the core running community.Ni
$Tesla Motors(TSLA)$ 2th July - Deliveries numbers announcement and 17th July Tesla earnings. Get prepared for the big surge [Miser] A visionable CEO and products ride on future AI and clean energy trend, stock price now is just passed by EMA200, is really at cheap bargain. Deliveries numbers although is estimated being lower for this quarter. But the ability to see the downside of the business and find way to improve is something that worth the applause. Furthermore, no matter who will win the election, Tesla will benefits from both candidates, Mr Biden or Trump.
Amazon’s $2 Trillion Milestone: How AI and Logistics Lead the Way! 🌟📦
$Amazon.com(AMZN)$ has surpassed a $2 trillion valuation. AWS is a driving force with advanced AI capabilities in cloud computing. In e-commerce, Amazon enhances logistics but faces competition from Temu and SHEIN. It responds by focusing on customer experience. With AWS, AI, and e-commerce/logistics strategies, Amazon is likely to maintain its market leadership.
🌟🌟🌟$Chewy, Inc.(CHWY)$ has joined the ranks of Meme stocks after Keith Gill aka Roaring Kitty disclosed a 6.6% stake in the pet supplies retailer founded by Gamestop CEO Ryan Cohen. Chewy has dropped 6.6% on Monday to USD 25.44. It had climbed as much as 18% in the premarket session after Keith Gill revealed that he owned 9 million shares of the company in a filing. Last Thursday he posted an image of a dog on his account on X which led to the brief spike in Chewy shares. Chewy brings together 2 prominent figures in the meme stock craze - Keith Gill and Ryan Cohen. Ryan Cohen was Chewy's Founder and is now the CEO of $GameStop(GME)$ . He was also an investor in Bed Bath &
$XAU/USD(XAUUSD.FOREX)$$Gold - main 2408(GCmain)$ Last trading day Monday (July 1): international gold / London gold shock closed up, although still in the 60-day average below, but also running with the 5-day average above, suggesting that the market trend will continue to shock fluctuations. Specific trend, the gold price since the Asian market opened at 2326.77 U.S. dollars / ounce, the overall maintenance of about 8 U.S. dollars in space oscillation, and with the 13 o'clock midday session recorded an intraday low of 2318.45 U.S. dollars, and then the opening of the European session, the bulls began to force, continued to rebound, touched the day's high of 2338.19 U.S. dollars in the end
Netflix Stock (NFLX) Buying the Dips at the Blue Box Area
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Netflix (NFLX) Stock published in members area of the website. Our members are aware of the numerous positive trading setups we’ve had among stocks and indices recently. One of them is NFLX, which made a pullback that concluded right at the Equal Legs zone (Blue Box Area). In the following text, we’ll delve into the Elliott Wave pattern and trading setup. NFLX H1 update 06.24.2024 Netflix stock is currently in a wave ((iv)) pullback, unfolding as an Elliott Wave Zig Zag pattern. We’ve labeled the pullback as (a) (b) (c) in blue. The pullback is still incomplete at the moment. The stock should ideally see an extension down toward the blue box-buying zone: the 666.26-653.38 area. W
TQQQ - The current trend zone is Bullish, suitable for Buying and Holding
$ProShares UltraPro QQQ(TQQQ)$ Long-term strategyThe current trend zone is Bullish and Investment position suitable for the trend zone is Buy and Hold.The trend within a Bullish zone is divided into an 'Uptrend' in the upward direction and a 'Correction Trend' in the downward direction. In the Uptrend, there is a strong upward flow with occasional downward movements, while in the Correction Trend, there is a fluctuating flow involving limited or temporary downward movements and upward fluctuations. Investing in this zone is associated with high expected returns and a low risk of decline.In a Bullish zone, the potential for strong buying pressure is maintained, leading to a robust upward trend and a relatively mild correction trend. When viewed thr
$Salesforce.com(CRM)$ has been a rollercoaster ride for investors in 2024. The stock price surged 67% last year, but year-to-date it's down 2.6%. This recent pullback coincides with an interesting development: shareholders rejecting the company's compensation plan for top executives, including CEO Marc Benioff. As a trader, this news creates an interesting backdrop for analyzing the technical chart. Salesforce CEO Marc Benioff Looking at the chart, a rising wedge pattern has formed. Rising wedges, often bearish in textbook, can be bullish or bearish, so it's important to identify potential entry and exit points. In this case, the price is nearer to the top of the wedge. If the price breaks down and falls back, I'll be closely watching the $245 leve
Global stocks close higher, opening higher for second half of 2024 🇺🇸 S&P 500: 0.27% 📈 🇺🇸 Nasdaq: 0.83% 📈 🇪🇺 Stoxx 600: 0.32% 📈 🇯🇵 Nikkei 225 Index: 0.12% 📈 🇭🇰 Hang Seng Index: 0.00% 📈 🇨🇳 CSI 300 Index: 0.48% 📈 * U.S. stocks ended higher, with the S&P 500 $S&P 500(.SPX)$ up 0.3% and the Nasdaq $NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ $Nasdaq100 Bull 3X ETF(TQQQ)$ rising 0.8%, supported by technology stocks, as stocks pulled ahead ahead of a key monthly jobs report later
Last week, LCU (+0.59% in USD) and SQQ (+0.20% in SGD) and $CSOP DIV ETF S$(SHD.SI)$ (+0.19% in SGD) gained, while SRT (-0.42% in SGD) and $CSOP Star&Chinext50 S$(SCY.SI)$ (-4.35% in SGD) fell. $CSOP LOW CARBON US$(LCU.SI)$ gains can be attributable to financials, industrials and healthcare by sectors. By geography, gains were led by Japan, South Korea and Singapore. In terms of individual firms, gains were mainly driven by Toyota Motor Corp, Samsung Electronics and Mitsubishi UFJ Financial. $Toyota Motor Corp.(TOYOF)$ rose after being raised to outperform from neutral by Macquarie analyst. Samsung Electron