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[SP500, QQQ, TSLA, AAPL]
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Sincerely,
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If you have any comments or questions, COMMENT below and I will respond or make a video!
#stocks #stockmarket #investing
🔥Patternology Lab MERCH🔥▶ https://patternologylab.creator-spring.com
💰Get 2 FREE stocks💰valued up to $1850 on: https://act.webull.com/k/uU2v7otrgyGi/main
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2. Open an account at TD Ameritrade, use the link: https://start.tdameritrade.com/select ➡ Then choose Individual Brokerage (under “Most Common”)
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MY FAVORITE DAY TRADING BOOK
📚 https://amzn.to/2YY1LU1
My Studio Equipment:
🎤: https://amzn.to/2NQFu4g
📸: https://amzn.to/38t1Cek
💻: https://amzn.to/3eZDuCP
📺: https://amzn.to/2YZZDeJ
My Trading Desk: https://amzn.to/2YVCBW8
How I pick Stocks:
https://youtu.be/O5yWKChL44E
How To Make $500 A Day:
https://youtu.be/OOSpjACXKD8
How To Trade Stocks:
https://youtu.be/f5RuDrFQj0w
How To Trade Call and Put Options on ThinkorSwim:
https://youtu.be/f5RuDrFQj0w
DISCLAIMER AND WARNING
In all financial markets, the opportunity to make money comes with a risk that must not be neglected. Always stay aware of the risks and be willing to accept them. Never trade with money that you cannot afford to lose. We are not your financial or investment advisors. We cannot and will not be held liable for any actions you take as a result of our opinions and the content in this channel, any of its social media platforms, or websites. The information provided on this channel and on its social media platforms is purely for informational purposes only, and they are meant to be taken as opinions. Always stay skeptical and do your own research before participating in the financial markets. Nothing in this channel are recommendations, all the content provided are our humble opinions only. The performance of chart/candlestick patterns discussed on this channel is not necessarily indicative of future results. Technical analyses are not absolute and are prone to change due to future market events. Investing in any market is very risky and the risk for significant losses is substantial.
[SP500, QQQ, TSLA, AAPL]
Into this video. I'm going to be sharing with you at the top three stocks to keep on your watch list for this upcoming week. All right. I'm also going to be doing an update on the overall market, so let's dive right into it.
All right? Right off the bat, we have the NASDAQ over here and last week last week was a turbulent week. All right. We started out at around like 15 000. it went up on Wednesday right here.
ferocious breakouts all the way up to 14.4 K And then we dropped immediately and we closed the week at exactly 15K. Once again, Um, big picture. Like big picture. the market is not looking that great.
Um, it's really, really not the weekly closed. Very bearish. There is a lot of room. Yeah, there's a lot of room down here, which is a bit worrisome, right? And also, if you look at that Wick right there, there's a lot of shorts who piled up on posts or who are, um, who are shorting just a NASDAQ in general right in this Scandal right there.
So the situation is in the favor of the Bears So this week I would say proceed with caution. Um, day trading is still a bit more favored compared to swing trading all right now looking at it from the five minute. Again, for those of y'all who watched last week's well Friday's video again I Released that video in the morning on Friday I Told you guys to watch the market for a bounce into this region. right here.
This red box at 15 000 followed by a massive rejection all the way down to 14.6 Okay, um I was partially right on that one. I was right about the the pump like the green move before the red move I was right about that but it didn't drop all the way through just 14.6 K like I wanted. Um, it went all the way up to 14.75 which is all right. Like the the magnitude of the move was just which is huge and at that specific point it was looking like there was going to be a bounce.
Let me show you guys all right. So this is the Discord So right when this is at like 9 18 a.m central time on Friday right when it got through that Red Zone again I was looking for a rejection and then everything started. We got the rejection and then everything started to collapse and collapse and the price target for QQQ was down to like 358 and this thing was just dropping and dropping again. Price: Target 14.5 K And then when it got really really low when it got really really low at around like 1004.
it seemed like buyers were stepping in and that was the low of day Again, as I mentioned right here at 1005 right? So looking at looking at how everything unfolded down I think it's still gonna go lower I Think it's going to go lower. There is a gap on the Futures it's going to get filled. The gap on the Spy didn't get filled yet right? that Redbox is still there. And if we go on to the one hour, all right here.
we're gonna zoom out. Let's go into the four hour. Actually, it's a lot better. So this is the four hour chart and the Gap is right there.
and now if you look at it, just the whole thing. We have a left shoulder right here, followed by a head right there and Then followed by a right shoulder right here. I Actually literally just seen it right now. So um, there's a neckline right there at 436. So once that break and I do think it will break I don't know what day I think I'm thinking I think tomorrow, if not tomorrow, then probably Tuesday All right. but once a break, the 4 30 is next. So I'm not too anxious to go long on anything right now. maybe for a day trade for a moment.
but all of these little pups that may occur during the week are most likely going to be rejected. So watch the overall Market to get underneath 430 at some points this week again. I'm not sure which day that depends on how we open and how we go day by day. That's where I release daily videos.
All right. So um, I'll put out another video later this week, obviously. So now let's look at. let's look at the video first.
talk the first stock to look at. is in the video and again in last week's video on Friday I Told you guys to watch the video for first for Ronaldo feeder to 450 but obviously it took two days to get there on Friday right? It chopped a little bit at the open and then once the NASDAQ kind of rejected off of that 15K This one also rejected 475 and dropped all the way down to 450 in like 25 cents. So congrats to anybody who was able to make some money on this one. One of her members was actually able to take a day trade on it on Friday right here and managed to turn around 500 dollars into six thousand.
All right, Netting them pay 550. Um, fifty five hundred dollar game on that specific drop right here right? So now where is the video going to go next? 4 30 The box is still there as you can see. See that little box right there. it's going to get filled.
When is it gonna get filled when the neckline on the NASDAQ break? All right. So watch these two things. A lot of these accents to move together and this one is not looking too safe, especially on the it's not looking too safe yet. Yes, yes.
All right, it's going to get filled again. Like I said before, these gaps are like magnets to the price, especially when we start leaning closer towards it. So watching the video for a drop to 432 specifically at some points either Monday or Tuesday Now the next stock that we're gonna look at, that one is still cooking I Say that because it's not quite done yet. it's it's Lee Li Now Lee had a massive move all the way up to 45 dollars.
All right. and now now like I mentioned this one I think it was two weeks ago to watch it for an initial drop to 38 dollars I mentioned it in the morning video between this day and this day is then chopping ever since, but it's shopping in a fashion that I actually like if we're low on the one hour, right? Like if we just look at this portion right here I'm thinking that we're gonna drop to 35 dollars at some points. All right. I Got my alert at 38.18 Again, every single time is testing is bouncing off. It's testing. it's bouncing off. it's testing. Notice how the highs are getting lower and lower and lower and the base is staying the same.
That's a descending triangle that's cooking. All right. Watching it for a short to 35 eventually it's gonna break I Think it's gonna break at the same time. That spy who already knows that goes.
yeah, the spot. despite bridge to the neckline I Think they're all gonna happen at the same time. It will be very easy to like. Just watch out for it and try to recognize it.
but watch Lee for a draw at some point. Again, it could be early or it could be Friday All right, but at some point it's going to drop. especially when the bell rings. so keep that one on watch.
Now the next one let's see here we got time. um the next one that I want to share with y'all that one is leaning. it's it's a bit bullish. Um well let's let's just look at it bubble right here.
It formed a bullish pennants intra day on. Friday there was some money to be made over here. All right, not a whole lot I Thought it was going to go to 91 but I started struggling up here. all right then I changed my mind about it.
now. could it pop to 91 tomorrow? Possibly like usually it wouldn't surprise me if it did. it wouldn't surprise me if it did. Looking at it, big picture is oversold like the majority of the Chinese stocks are very much oversold.
that right shoulder Again, let me just make this a bit taller right here. that right should be after the left shoulder head then right shoulder. It's getting a little too wide for my liking I Don't like it when it's getting too wide I Thought the move was going to um continue up here to like 120 by that time. but obviously everything with the overall Market kind of changed right? So you have to move with the market in a way follow the trend of the overall market and this one definitely did sold off.
So I'm watching it. um that Gap at 84 still kind of worries me. uh if um like if I'm looking to go long, this Gap worries me I want this Gap to get taken care of and I think it's going to get taken care of this week. Right now it's just collecting long swings like long biased traders who are trying to swing for 100.
I think it's collecting them slowly before flushing them out when it gets below 86. and then after it drops and then two drops to 84 dollars before we actually reverse and move towards 100. but that's I'm just waiting on that one for it to do exactly what I think it will do. So I would just say be very patient with Baba and with JB Alright, that's my thoughts on these talks.
The last one that we're gonna look at is Qualcomm Now with Qualcomm that one didn't do too well through earnings. it had earnings in the beginning of August they collapsed all the way down to 115. dropped a little bit and then formed a descending triangle right here. Not the cleanest descending triangle that I've seen. Um, Lee is a lot cleaner, but this one formed and it broke down below 115. and now it's stopping a little bit at some points, like watch it for a break below 108 to go down to 101. there is a gap down there on a daily right there. There's a little Gap at 104 and there's another one below it that dates way back way way way back from like these regions right here.
so watch for that. All right? That's my very honest opinions on all of these stocks. and that is the end of the video. Again, do not forget to demolish that like button and also don't forget to subscribe if you are new to the channel and to hit that notification Bell That way you don't miss out on future uploads right? If you like to be part of a private disco.
Community We can get all of this information in real time as I see them. You can find that as the first link in the description of the video below just a reminder. Pre-market analysis videos are released from Monday to Friday 15 to 20 minutes before the Market opens to have access to those. you can click on the join button and click on morning videos all right Now if you haven't followed me social media yet, you can find me at Paul Lingua and the Technology Lab on Instagram and on Twitter.
Lastly, if you're interested in, if if you're interested in getting started in the stock market, there's some basic step-by-step directions in the description of the video below. Step one to step three, it only takes about 10 to 15 minutes for you to have all the tools you need start trading immediately. You can also get some free stocks up sending up with Weeble using the third link in the description of the video below. Once again, my name is Paul and Duma with an analogy lab where we trade patterns and patterns only and I will see all of you in the next video.
Will check them out carefully. Thanks for the update.
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