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TECH

VXN - NQ Volatility Weekly - Significant Falling WedgeWhen in doubt, Zoom Out has been suggested for as long as we have been trading. Alexandra reminds me of this tried and true Axiom when Counter-Trends Develop. Confirmation in the Weekly Time-Frame supports the BULLs, of this there can be very little doubt, it is a large falling wedge of extreme range. It looks terrible for the SELL. And yet we saw 1343 Ticks come off the NQ within the downtrend, barely a blip to the Upper Trend Line only to fail again. A ~6% move down in NQ generated a 50% move in VXN. Institutions/Funds profited from their Put buying Spree as Implied Volatility had been crushed again. Step and repeat... same as it has been for a long time. There are always anomalies in Weighted Indexes - TSLA by example was falling down the mountain and kissing dirt... BUT... implied VX in TSLA was rising quickly as PUT Buyers began to double down, triple down, and begin a degenerative campaign against the Heavy Weights who hold Tesla. Tesla is a Protected entity and has a decidedly large weighting within its Index. For 12 straight days, Put Buyers were smoked, used as lighter fluid for a relenting grind higher and higher. Anomalies occur, the Heavy Weights always catch the Bid to prop, and when there's fuel a match is merely a few feet away. Once again the Tesla Dumpster Fire was put out with Gasoline. With the VXN feeling the Crush, having broken 23.52, 22.12, 21.32, 20, and 19.73, then 18.60. It's a beat down that only the Chevchenko's can deliver. So where is the Lower Boundary, we'll know as we head into EPS and VX Settle. More importantly, where is the UPPER BIoundary as it serves to provide indications as to whether 4/5's completion ends there or an Overthrow of this Weekly Trendline can occur, signaling much larger issues ahead as 5/5 completes. We shall see, it will take a monumental effort to keep this in check as Yields are quite clearly a threat to the TECH Complex. There are a large number of Additional Threats beyond Yields. We are entering a cautionary period for TECH, as we maintain it will fail. By all appearances, one would expect the exact opposite, and there is the challenge. Trade safe~! - HK
CBOE:VXN
by HK_L61
3
ROKUIF QQQ can comply and move forward higher ROKU can explode Even with weakness though i believe the main leaders in tech currently would be ROKU / NFLX .. NFLX does have upcoming ER so this could be reason as to why it's strong going into the new month while QQQ has been shaky and moving towards the downside. Expect ROKU and NFLX to continue with great strength and surprise. IF Roku gets above 340 this opens the door to 370-420 range. Monthly iTM calls could pay NICELY if we catch some steam on this one LIS 316
NASDAQ:ROKULong
by tslatrades
NQ - Profit Objective Hit - LTL of DTVXN & VIX will set the possibility for a Counter-Trend. VIX Above 22.15 - the SELL Remains. VXN - Draw it up Lows to Highs on Daily. The .618 and .500 are S1 / S2. We will see if the Larger Objectives below trade into Friday or the CT Develops today. We are anticipating a CT end of the week at the latest. Again - 10Yr Yields, DX, News will provide VX. Contact with the Lower Trend Line of the Downtrend can Squeeze...as VX Roll/Settel is 12 Trading days away
CME_MINI:NQ1!
by HK_L61
2