Updates for Wednesday December 4, 2024

Click here for Signal Trades spreadsheet.

Updates 1:50 AM ET - Wednesday

Volatility may rise a bit
​VX 4-hour chart below shows its MACD cyan line starting to cross above its signal orange line while VX is still dropping.  This is a typical pattern prior to VX basing and spiking.  We would not be surprised if VX bases around 14.5 and then spikes up to 15.8 for a quick trip.

NQ
While VX bases, NQ may do a quick dip and then one more surge.  Look for these levels.

• Support zone:   21208 - 21250
• Resistance:  21500

TQQQ

• Support zone:   82.2 - 82.8 
• Resistance:  85.5

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​SOXL

• Support zone:   28.5 - 29 
• Resistance:  32

TNA

• Support zone:   53.3 - 54 
• Resistance:  58

Our personal trade plan
We may have exited TQQQ too soon, but our personal schedule prevents us from monitoring trades closely this week.  Click here for trade results this week.
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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.