What HJTrades said in this video:
- QQQbearishshort-termQQQ is at a do-or-die test of the 200-day moving average with the weekly cloud already red; historically losing this area leads to large drawdowns, so risk should come off below it.Source
- SPYneutralshort-termAfter three down days SPY is finding buyers and he doesn't expect much further downside without some relief first; it still holds the weekly 21 EMA.Source
- IWMneutralshort-termIWM will either reject or reclaim the weekly 21 EMA at 285.26, with a resolution out of its consolidation likely by end of week.Source
- AMZNbullishshort-termAmazon posted its second daily close above the 200-day, which in his framework marks the end of the decline; a break over 255.36 should bring 260 to 265.34.Source
- MSFTneutralshort-termMicrosoft is back up to the 21 EMA where it broke down; he is just watching for a break over 529.63 without committing to a direction.Source
- AAPLbullishshort-termApple is at the weekly 21 EMA; if it holds he sees a bounce back toward this week's high near 345 by next week, otherwise a multi-week base before breaking up.Source
- GOOGLbullishshort-termGoogle swept last week's low as anticipated, offering lower entries; a break through 286.43 should push toward $300 with targets at 310-315.Source
- TSLAneutralshort-termTesla's 4-hour chart is starting to roll over but it still consolidates above the 9 EMA and 200-day; only a break over 410.85 resolves the range.Source