What HJTrades said in this video:
- QQQbullishmid-termHe calls QQQ's position just under the 200-day moving average a do-or-die spot, but argues another March-to-April-style crash makes no sense given NVDA is already down about 32% over six straight red weeks. He leans toward a weekly close back above the 200-day confirming the low, with 686 as a minimum target and a push to all-time highs over the following weeks, while repeatedly stressing caution and waiting.Source
- DIAneutralshort-termThe Dow printed an inside day and sits above the 200-day moving average; no direction is stated.Source
- DIAneutralHe only notes DIA printed an inside bar and is above its 200-day moving average while IWM is trying to reclaim its own. No directional call is made, so the view is neutral.Source
- SPYbearishshort-termHe notes SPY is still above the 200-day but says it probably will not hold if it comes back to that average, and he doubts a brief one-week dip below it, expecting a longer stay underneath. Upside needs a reclaim of the 755.42 to 764.40 prior-high zone; downside levels are 744.86, 741.03 and 732.71.Source
- SPYbearishshort-termIf SPY comes back down to the 200-day moving average, he believes it probably will not hold.Source
- SPYneutralshort-termSPY printed another inside day; he is simply waiting for an upside or downside break of yesterday's range, with the prior all-time high at 764.40 the key upside area.Source
- QQQbullishshort-termWith QQQ at a do-or-die 200-day MA test after six weeks of selling and NVDA already off a cliff, he leans toward a reclaim this week with a minimum target of 686.Source