$SPY Bingo! SPY hit the 765/770 & 775 Point & Figure Chart targets! (5x3 H/L P&F chart) Next targets are 800/825 & 825! Beware a P&F chart reversal in and around targets to signal the end of the current trend and a period of consolidation. But so far so good!
$QQQ $QQQ Point & Figure Chart trend line rebound rally on its way to next P&F chart targets of 765/770 and 785. (5x3 P&F) So far great rebound rally but beware any P&F chart reversals to signal the end of the current trend and a period of consolidation. P&F charts are great because there is no time on them only pure price movements! The are specific formulas to calculate price targets so applied mathematics work really well on P&F charts!
$QQQ & $SPY Still going strong after the AI Volatility Breakout signals on the hourly Cloud Chart! Top end of the Cloud, Cloud Span A is a major support zone! As long as the QQQ and SPY remains above Cloud span A the rally will be ok on the hourly chart.
More info on the AI used: https://www.metastock.com/alphaharvestf
$CRWV CoreWeave: AI trade up +78% since the Cloud Chart support rebound trade and AI generated Vol Breakout signal! Now reached the Cloud target resistance zone! StarMine data indicate very high credit/bankruptcy risk! CRWV needs to raise more money!
A review of the StarMine data and the AI & Cloud Chart trade signals with support and resistance zones identified!
$CRWD CrowdStike: 134% rebound rally moving closer to the 240 target! BUT CRWD very extended from Cloud, now in high risk zone! Keeping trailing stops in place at these extended levels!
A review of the daily and weekly AI and Cloud Chart signals for CRWD as well as a review of the StarMine data to highlight the bullish case and the risk in the bearish rankings!
IXIC Nasdaq Composite Index: Downside risk towards Cloud Span A as old high resistance zones keeping the lid on the rally up to here! Beware seasonality.
NDX NASDAQ 100 having a hard time to maintain support at Cloud Span A , top end of the Cloud! Downside risk! NDXE Nasdaq 100 equal weight index: Looking good so far and getting closer to upside targets! NDXX Nasdaq 100 index excluding tech: Looking hot with old highs as next resistance targets!$HACK Amplify Cybersecurity ETF: Very extended on the weekly Cloud Chart. Updating trailing stops to new level on daily as per chart.
Great rally after the AI Vol Breakout trade signals, but consolidation risk is high at elevated levels with the 3rd wave move nearing completion. Risk management is key!
Daily Cloud Chart:
