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FNGD

FNGD retrace to $8.50 before target of $10.51, coil/fakeout/pumpFNGD to go back down to $8.50 before target of $10.51 Nxt I'm expecting a little retracement back to $8.51 with buy limits set from 8.88 down to 8.51 Take Profits at $10.17 and $10.51 Expect to retrace again and coil up. People will be talking about bears taking over, but the Santa rally will cheer bulls up and give them hope... meanwhile we are playing both sides. Into 2024: Due to everything going on and how much this market has tripped everyone up and out, I expect a double fakey to occur. FNGD will appear to be pumping (bears winning on FNGU and S&P) then the bulls will appear to take control and the descending triangle on the S&P will appear to have a breakout to the upside only to fail. People will say its due to a news event, but the Operator/Fed is planning this. Equities will retreat to safety of Bonds. S&P will Fall, and lay off employees, people will beg for the Fed to cut rates and when they do Bonds will explode then Gold then after Equities and Crypto Capitulation we will rebuild on the scorched earth. BUY BUY BUY WHEN THERE IS BLOOD IN THE STREETS IN MARCH/APRIL 2024!
AMEX:FNGDLong
by itsmrpizzatoyou
SPLK popped on earnings. Can it continue? SPLK had a very impressive beat on earnings and traders responded with buying pressure to push price up more than 15%. The question now is whether SPLK can sustain the new interest or will it fade or drop. My analysis is that best on the short term volume profile compared with the longer term is that there was a lot of trading at the top as new but late buyers competed with short sellers on price and so the price rise stalled. As a result I see price consolidated here and suspect that short sellers will push price down from here. I will have SPLK on watch for a stock short trade and put options as it is apparent that traders overreacted to the earnings beat. Price is still above the POC line on the stort term volume profile. Once it drops below, I will look for a short entry on the 3-15 minute time frames.
SShort
by AwesomeAvani
1
FNGU- Technology Titans CounterTrend LONG on ReversalFNGU on the 4H chart is in a trend down within a parallel channel. The previous trend down from the top of the channel to the bottom was 29% while the counter counter-trend up from the bottom of channel to the top was 18% over 7 days. Presenly the trend down from the upper channel is confirmed by the two RS lines near to the 50 level and the Awesome Oscillator with a down going signal. Trade plan - I will trade FNGU short ( or FNGD long ) until it is at the bottom of the channel. Upon reaching it and mindful of a fake breakdown. I will watch for reversal signs on a lower TF and upon finding them in the MACD or Bollinger Bands or VWAP bands I will close the trade and so long instead.
AMEX:FNGUShort
by AwesomeAvani
FNGU- the leaders of the pack will come back first LONGFNGU is triple leveraged ETF of the titans of the NASDAQ; I expect it to come back front of volatility in the market quickly as its constituents are the leaders here. I hope to exploit this for 10% before COB for the trading week in the next two days.. A volume profile and mean anchored VWAP using metrics employed by institutions and those executing with blocks of voume. Analysis and target levels are on the chart for pureposeful brevity. Trade on !
AMEX:FNGULong
by AwesomeAvani
Is it time to short the big banks with BNKD again?As shown on the 4H chart BNKD, a triple leveraged ETF inverse to big bank stocks has had ups and downs reflecting the chaos in the banking system with some failures and federal support or takeovers. Online banks are thriving while some smaller regional banks are challenged with a portfolio of bonds and treasuries bearing low yields. Price is presently at the same level as the high of December 22 and low of April 23. This level is acting as support also allowing for a narrow stop loss for a long trade. Price is below the high volume area of the long term volume profile which equates to the fair value area. Accordingly, BNKD is oversold and discounted below fair value into the undervalued range. It is below the mean anchored VWAP line and in the area of one standard deviation below that line. The zero-lag MACD shows an early impending cross of the lines under the histogram another suggestion of a reversal I will take a long trade with the stop loss directly below the horizontal support line by $ 0.25 while the first target just below the confluence of the POC line and the mean VWAP @ $.13.90 while the final target is $ 15.60 near the top of the high volume area. I see this as a safe long trade with a high R:R and profit potential.
AMEX:BNKDLong
by AwesomeAvani
Lot of indicators on here flashing RedI normally wouldn't post this on SPX but I get the impression there are a few that would appreciate this info and I don't feel like I've contributed enough to this group. Going parabolic is nothing new, finding the top is. That overbought indicator has been accurate 8 months in a row on this stock, going in on FNGD is either going to prove to be a short small loss or a short term big gain. Any and ALL Opinions are appreciated. I have 1/2 dozen other charts on this stock that reinforce this idea, I just need to figure out how to share more than one chart yet lol.
AMEX:FNGUShort
by z3m25
8