UPDATE May 17
it's squeezing, but only the Nasdaq and select stocks.
we hit and passed 13500, that is now a weak support. 13330 is the major support. above that is BULLISH.
This will aqueeze until it's done. VIX, dollar, and other headwinds do not matter. This is a car with no driver. It will run until it's out of gas.
upside target up to 13740, 13640 nearer term. minor support is 13500 and NQ remains bullish over 13330.
the stocks iam in
It took a hit yesterday and dropped on the Home Depot report, this is not a retail stock in the classic sense like Home Depot. this is a new wave secret tech and AI stock.
this hasn't dropped since the run, it goes sideways and up. Upside target to 150, but 122/124 near term.
My upside target is still 120 upwards to 130, depending on how much it can squeeze.
Actually my favorite chart, 245 is the upside target. support is 236.
The huge breakout on Friday has now cooled and is starting to curl up. it has let the Moving Averages catch up to try and push for a new high (above 234? - yep!![]()
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My money Yo-Yo when it drops I buy, when it pops I sell. Looking for footing and with ao many shorts this could hit 220+ with a good run.
Under 13.90 I buy. looking to breakout if the 14.30 range to push towards 16. As an engineer, I can say that structure base is solid and is looking to build on it and run.
A stock iam watching.
If price can get above the mid bollinger 192.5 then we could get that push up to challenge 200 again before 210.
QQQ
I day trade the Qs. I rarely hold overnight and nothing that isn't paid for (already secured profit, so using "free money")
As long as price stays above the mid bollinger on the hourly, I remain bullish.
Bollingers are pinching down, price is above the mid bollinger, this should breakout and resume the uptrend, at least to near open. Support is 327.3, 327, 326.40 and 325.75. Upside is my target of 330, we could break that to near 331.
I am only bullish to make money, I do not believe this is a new bull market. I believe we have a big downside remaining. But Nasdaq is squeezing, so iam not shorting a runaway freight train. I will buy puts but only hold that day. This market is nothing I want to be holding anything long-term. Yet.
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
I got this one out fairly early today. I could've put more time and made it "better" but I'm gonna get some gardening in before open ![]()
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102235596 : Hey @iamiam for QQQ, how long do you think the squeeze will last for? It doesn’t seem like the drop will happen this week at least - looking to start scaling in on puts.
Butcher71 : QQQ 331 doesn’t correlate to NQ 13740 - so how does that work ?
iamiamOP Butcher71: two different targets
iamiamOP 102235596: hard to tell. these run until they are out of gas. hard to tell when that is. when it fails it should retest the failure for a good entry on puts
Violets : Man
razo2 : market maker want to pull all retail investors into this crazy upward market. wait till JP says he is going to cut rates, lol.
iamiamOP razo2: they are cunning. but if you know what is happening it great money making
razo2 iamiamOP: I day trade already.
toomanyscammers : wait...but didn't u mean that u were bearish on 15 may. or maybe I misinterpreted lol
iamiamOP toomanyscammers: I'm still bearish. but the market is not
I play the market not my feelings or predictions. so I've been long since friday
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