$QQQ
$QQQ settled at 508 in a megaphone. MA crossover turning bearish Gap fill to 496 is on. Trump tariffs news postponed gonna give us a chance to go up and test the fib 0.618 - 512.86
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25$QQQ right shoulder invalidated.
$QQQ $QQQ right shoulder invalidated. That H&S setup got smoked. Bulls defended hard above $515. Now watching if we build for a higher move, or just a fakeout.

$QQQ Clear head & shoulders forming on the 1H.
$QQQ $QQQ Clear head & shoulders forming on the 1H. Rejection at trendline + neckline in play. If this pattern plays out, $500 is the next magnet. Let’s see if bears show up. 👀

$QQQ (Invesco QQQ Trust) pushing right into trendline resistance
$QQQ $QQQ (Invesco QQQ Trust) pushing right into trendline resistance. Would prefer a pullback here to build structure potential for an inverse H&S if it sets up. Still a great move off the lows, but no need to chase.

I'm seeing a battle setting up on $QQQ
$QQQ I'm seeing a battle setting up on $QQQ too.
Tight price action right under that 489.50 fib resistance.
If bulls can clear and flip it, could get a squeeze.
If not.....lower highs might seal the deal for a deeper pullback.

Insider Trading!!!
Today ain't my day. I discuss my background as well as add another diary entry to my YouTube channel.
I am trying to grow this portfolio WITHOUT selling, and I do not know how realistic this goal is. All in all, I know that the recent increases in the prices for $VOO (+0.16%) , $SCHD , $SCHY , $SCHG , $VYMI , $VUG (+0.17%) , $DGRO , $QQQ , and $TQQQ have increased a good amount.
However, out benevolent tech dictatorial oligarchs have really not released any positive news. Therefore, I am quite hesitant to invest in big tech at the moment. Maybe in the near future, big tech will be selling at more palatable prices.
I am trying to manage my money as best as I can. I see the underlying shifts etc but who knows exactly how much the US can lose while the rest of the planet gains???
Follow me for unbiased and straight to the blood commentary as well as information. I am a type of devil, but at least I am predictable...
$QQQ looks clean for a continuation push into 495–500
$QQQ looks clean for a continuation push into 495–500+ if the current breakout holds. If bulls push early week, sellers may step in at 495–500. Red rejection candle at that level = bear play resumes. Bullish

Happy FriYAY!
Happy Friday and great work on surviving another week! Today was an incredible end to a fantastic rally:
- The S&P 500 is up, $VOO (+0.16%)
The Dow is up, $SCHD
The Nasdaq 100 is up, $QQQ
Furthermore, USA jobs data came in stronger than expected, and American investors are continuing to be bullish in the country. European investors, however, have withdrawn their capital from the US and are hesitant to come back.
Meanwhile, European defense companies continue to rally as the EU is starting its defense industrial complex.
Its been a good day for the Magnificent Seven, except... $AAPL (+0.57%) . This is due to $SPOT (+4.37%) 's successful lawsuit against the tech giant's monopolistic store practices.
I am discussing all of this and more in my May 2nd market update video. Have a great weekend!
Death cross eminent🙃 we are cooked 🍗
If Ghostbusters ever taught us anything important, it was that something bad would happen when you cross streams, but guess what? $QQQ didn't listen and the 50-day moving average crossed the 200-day moving average from below, creating a so-called "death cross".
This is a technical chart pattern that indicates the transition from a bull market to a bear market and basically confirms that we are entering a bear market no matter how much Donald Trump tries to boost it.
The latest death cross in the Nasdaq $CSNDX (+0.07%)
happened in March 2022 and sent prices plummeting 25% over the next 7 months, stayed flat for about 5 months and then a "Golden Cross" which is basically the opposite and occurs when the 50 day moving average crosses the 200 day moving average from above, happened around March 2023 and we all know the crazy rally that followed. 📈
Although none of the crosses are completely reliable as a sole indicator for predicting market trends or making investment decisions, they are useful tools for identifying potential trend changes.

Small correction: at the death cross, the SMA50 crosses the SMA200 from above, not from below! You can already see that in your chart. 👍
And now all together: "We're all going to die, get ready! The signs are clear, it's coming soon!" 🎶🎶🎵🎶
Trump Tariff News:
Yay! Exciting news about Trump's tariffs is once again causing a stir on social media! 😄 Finfluencers are predicting a rollercoaster ride for the stock market. Sure, there could be a dip today and maybe even on Friday (if you're short, here we go! But fear not, many countries are gearing up to lower their tariffs, which will increase US tariffs and promote global free trade. That's my take on it. In a few days you will look back on this situation and see that it turned out exactly as expected, all half as bad. Don't let other finfluencers stress you out, they only focus on short term declines without seeing the big picture. 😄
Stay calm and invest in solid companies. The market has a history of bouncing back from challenges and this time will be no different. Remember, investing is a marathon, not a sprint, and these ups and downs are just temporary noise. Stick to the fundamentals of the companies you trust and you'll likely come out a winner. Patience is key, and sometimes it's best to just stay where you are.
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