Updates for Tuesday November 26, 2024

Click here for Signal Trades spreadsheet.

Updates 4 PM ET - Tuesday
Sold per alert Tue morning because bull swing is running into strong resistance.  See original reason behind entry here.

Updates 12:20 AM ET - Tuesday

Brief updates tonight due to scheduling conflict.

VIX and VIX futures are still dropping which means they are still providing bullish tailwinds for equity.

On Nov 19, NQ 4-hour chart shows its MACD cyan line crossing above its signal orange line.  This indicator was signaling that a new bull swing was getting started on that date.  This pattern is still intact, so NQ is technically in a bull swing.

On Nov 21, VX (VIX futures) 4-hour chart shows its MACD cyan line crossing below its signal orange line.  This indicates that volatility was going to drop.  This pattern is still intact, further confirming that NQ bull swing is in effect, 

As anticipated, NQ did dip early Monday, but NQ managed to bounce at  20755 and is likely to keep marching up.  

​This bull swing may run into resistance at the following levels.

• NQ:  21700
• TQQQ:  85​
• SOXL:  32
• TNA:  59

Our personal trade plan
After a couple of fumbled attempts, we bought TQQQ at 77.46 with the goal of exiting at 85.  Click here for Signal Trades spreadsheet.
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Disclaimer
The information presented here is our own personal opinion. Consider it as food for thought.  We are not offering financial advice. We are not promoting any financial products. We are not registered financial advisers or licensed brokers. We make no guarantee that anything will unfold according to our projections.  You are proceeding at your own risk if you follow our trades.​​​​​​​​