GDX Correction Concludes, Anticipating Minimum 3-Wave UpsideThe short‑term Elliott Wave view in the Gold Miners ETF (GDX) shows that the rally from the July 17, 2026 low unfolded as a five‑wave impulse. This move ended wave ((1)) at $105.67, completing the initial bullish cycle. The ETF then entered a correction in wave ((2)), which is forming as a possible double three structure. From the peak of wave ((1)), wave A declined to $94. A rebound in wave B reached $101.83, followed by wave C, which dropped to $91.19. That decline completed wave (W) in higher degree.
The ETF is now correcting the cycle from the August 26, 2026 high in wave (X). This correction is unfolding as a zigzag structure and should precede another leg lower in wave (Y). As long as the pivot at $105.7 holds, the risk of further downside remains. Another leg lower cannot be ruled out if the double three structure continues.
Despite near‑term weakness, the broader trend remains bullish. An alternate view suggests the correction against the July 17 low may have already ended as a simple three‑swing zigzag. If this scenario is correct, the ETF is positioned to resume its advance and break to new highs. This framework highlights two paths. The primary view favors additional consolidation before the next rally. The alternate view points to immediate strength and continuation of the larger bullish trend. BOND Break Out?💣 Bonds Near a Major Breakout — And It’s Not Bullish for Risk Assets
We’re approaching a critical breakout zone in bonds.
At first glance, you might think: “High demand for U.S. debt? That’s great! Higher bond prices, lower yields, cheaper interest payments!”
That’s Trump-math logic — the same kind that says prices are “down 300%.” 😅 You can only go down 100%, folks. No matter where the price goes!
Here’s the real story:
For bond prices to surge, investors must be running from risk. Big money managers don’t dump billions into a $250k FDIC-insured savings account 😅 — they rotate into Treasuries when fear spikes.
That’s a double whammy:
1️⃣ Reducing margin
2️⃣ Stocks and other risk assets get liquidated.
When this rotation accelerates, expect risk assets to crater — the “buy-the-dip,” “crypto-Lambo bros,” “GME, AI memers” & "Colorful Chartists" crowd gets ANNIHILATED!
All of that from this one silly chart? No, there is no single holy grail of an analysis chart. Just a piece of the puzzle.
Smart money is moving to safety. Don’t get caught holding the bag. Keep an eye on this chart!
Thank you ALL FOR getting me up to 5,000 followers!! ))
Click boost, follow, comment nicely for more authentic, no BS, raw analysis. Let's get to 6,000 followers. ))
Long
$GLD — Maximum Confluence at 400, Compression Says Coiled, Not TA choppy day, but a tried curl over 400 plus the @ripster47 5-12 and 34-50 clouds.
All the confluence is sitting right here at 400.
That's the thing worth paying attention to. The 5-12, the 34-50, and the MTF clouds have all compressed into the same zone as the 400 psych level and the key level. When every reference point on the chart stacks into two dollars of price, the market has stopped trending and started coiling.
Compression like this doesn't resolve quietly. The longer everything sits on top of each other, the bigger the move when one side finally wins. That's why the right play here is a framework, not a prediction.
One caution on today: the reclaim happened on below-average volume. That's why it reads as a tried curl rather than a confirmed one. A close above the cloud that nobody paid for is a level being tested, not taken. Same story as all week — neither side is committing size.
The plan stays exactly the same
Above 400 — bullish bias
395 to 400 — neutral bias
Below 395 — bearish bias
No guessing inside the middle band. Let the edge decide it.
AMEX:GLD
GLD, Gold, EMAcloud, Confluence, VolumeSpreadAnalysis, KeyLevels, Range, TechnicalAnalysis 
Long
Long
$QQQ — Absorption Confirmed, Swing High Still UnbrokenClean green candle. NASDAQ:QQQ closed 721.45, up 0.63%, finishing at 96% of its range — right at the high. Volume 48.48M against a 30.63M average.
Yesterday's bar left an open question: was that heavy-volume narrow candle absorption or distribution? Today answered it. Price held the reclaim and closed at the top of its range. Supply got absorbed.
One caveat on the volume, and it matters
Friday was quarterly options expiration — triple witching. That inflates volume mechanically, regardless of what anyone believes about direction. So 158% relative volume isn't 158% more conviction.
Monday's volume is the real read. The honest signal in today's bar is the close at 96% of the range, not the size of the volume bar underneath it.
Where price actually stopped
High of the day was 721.73. The swing high from Sep 8 and Sep 11 is 721.89.
Price stopped sixteen cents short and closed below it. The swing high hasn't been taken.
Worth being precise here — there are now two levels stacked within three points overhead: 721.89, then 724.20. This zone has rejected price twice already in September.
What the range still says
NASDAQ:QQQ has been chopping between roughly 686 and 748 since July, and between 700 and 724 for the last three weeks. Price is at the top of that range, not through it.
724.20 is the level that ends it. Until a close clears it, this is the high side of a range, not a breakout. 730 only becomes live after that.
Levels
Above: 721.89 is the swing high and the first real test. 724.20 ends the range. A close through it on volume above 31M is the trigger — and that needs to show up on a normal session, not an expiration day.
Below: 715.08 is Friday's low and first support. The @ripster47 EMA clouds sit at 712-714, and a close below kills the reclaim.
The setup is constructive. The level is right above. Let Monday show whether the buyers were real or whether Friday was just expiry flow.
NASDAQ:QQQ
QQQ, Nasdaq100, Absorption, VolumeSpreadAnalysis, KeyLevels, TripleWitching, PriceAction, TechnicalAnalysis Long 
$SPY — Hammer at Support, But It's a Signal to Watch, Not to BuyThat's a hammer candle on $SPY.
Price dipped to 757.97 during the session, buyers stepped in, and it closed at 761.69 — right near the high of the day. The lower wick is almost ten times the size of the body. Sellers tried to push it down and got taken out.
That's the cleanest bar in three weeks. Every session since early September has been heavy volume with almost no result. This one finally closed where it needed to.
AMEX:SPY is still holding above 760.57, the level it reclaimed yesterday. Price is trying to curl the 5-12 @ripster47 EMA cloud but closed in between — not through it yet.
One thing worth flagging on the volume: Friday was quad witching, the September expiry. Volume came in at 164% of average, but a large part of that is mechanical — options and futures expiring all at once, not conviction buying. The signal here is where the candle closed, not how many shares traded.
The trigger from yesterday was 763.57, and it never came. High was 762.00. No long taken.
Levels
Tomorrow: over 762.00 opens the door back toward 763.57, then the 766-768 zone. Below, 760.57 is the level to hold, then 757.97, then 756.70.
Hammer at support is a signal to watch, not a signal to buy. The follow-through is what matters.
AMEX:SPY
SPY, SP500, Hammer, VolumeSpreadAnalysis, KeyLevels, QuadWitching, PriceAction, TechnicalAnalysis Long 
Short 
Short 
It's either this week for NASDAQ/NQ1! OR It's going to be bad !!
After Weeks of Weakness, Is Nasdaq Finally Preparing for a Breakout?
I have been sitting on sidelines from 26th Aug 26, QQQ/NASDAQ meanwhile showed weakness & went into distribution since then, All this time till date there was no hope that QQQ/NASDAQ is gonna get's it's strength back anytime soon but as of this week's closing, A potential re-accumulation has set up for QQQ/NASDAQ in the upcoming future on 1W timeframe,
I strongly think for NASDAQ/QQQ/NQ1! next week is gonna be very significant as I strongly think it's going to give us one sided move to the upside, This is just a mare forecast/planning but it has a very high likelihood that it's going to happen, However if that doesn't happens it's a bad news..
So here's my simple plan for myself, If NASDAQ/QQQ/NQ1! starts to go in the direction which I have made plans for it, I am going to start trading stronger stocks for longs, If that doesn't happen, Then as usual, You'll find me on sidelines.. Long 
Long
Long 
Long
Long
Long 
Daily Noise vs Weekly Reality $SOXX $NDXLooking at the daily charts right now can give you whiplash. Between the intraday swings and the choppy back and forth under short term moving averages, discerning a clear immediate direction is tough. If you are only watching the daily candles, it feels heavy and threatening.
However, stepping back to the weekly timeframes paints a completely different picture.
The Leopold Shock Factor
A massive chunk of the recent erratic price action was blown up by the Leopold event. When big exogenous shocks hit the tape, they create emotional volatility spikes and distorted liquidation wicks that make daily trendlines look messy. Once the headlines digest, markets usually revert right back to their underlying structural trends.
Institutions Are Not Really Dumping Here
The volume profile confirms that dynamic. While volume has been lighter and mixed, we are simply not seeing aggressive, panic driven institutional selling across the weekly bars. The huge dumping volume you typically see at catastrophic market tops is no longer showing here. Instead, what we are seeing looks far more like consolidation and digestion after a massive multi month run.
Weekly Structure Is Still Standing
On the weekly view, the broader picture remains constructive. Both semiconductors and the tech index came down to test their key rising weekly moving averages and found responsive buyers. The wicks bouncing off those rising averages show that dynamic support is being respected, not broken.
Weekly momentum has cooled off from overheated levels and is stabilizing right around mid range territory, which is normal behavior during a healthy bull market consolidation.
The Game Plan
The daily chop makes it easy to get shaken out or trick yourself into thinking the sky is falling. But on the higher timeframes, tech is simply doing what it has done throughout this entire secular advance: tagging its primary rising trend support and shaking out late leverage.
Holding a solid cash cushion keeps you completely safe if broader macro conditions worsen, but as long as those rising weekly moving averages hold, betting against this secular tech trend offers very little margin for error. Let the weekly candles close before jumping to conclusions. Research 18.09.2026🌏 Markets:
AMEX:SPY -1.89 -0.25%(pre/m)
NASDAQ:QQQ +1.53 +0.21%(pre/m)
🆕 Economic News:
09:15 USA – Industrial Production
09:30 USA – Fed Bowman Speech
📈 Gap Ups
Reaction to earnings/guidance:
Other news:
NASDAQ:PURR and NYSE:BLSH Jumps as SEC Approves 'Innovation Exemption' for Tokenized Stock Trading
Citi raised NYSE:STUB to Buy but lowered its price target to $7 from $9.
CRYPTOCAP:BTC is rising despite The collapse of the Clarity Act and a Federal Reserve interest-rate hike. SEC and and Commodity Futures Trading Commission said they would still write crypto rules, with or without legislation. NYSE:BMNR NASDAQ:MSTR NYSE:CRCL NASDAQ:HOOD
NASDAQ:COIN Just Embedded Its Rails Inside 4,000-Plus Community Banks
NASDAQ:GOOGL Brain Co-founder Calls AI Extinction Warnings ‘More Science Fiction Than Science
NYSE:GLW to raise display glass substrate prices 15% from 4Q26
SoftBank Raises FTMO_OANDA:ARM Margin Loan to $25 Billion as AI Bets Grow
NYSE:GF and NASDAQ:MRVL have announced an expansion of their multi-year collaboration to raise manufacturing capacity for silicon germanium (SiGe) technology at GlobalFoundries' Burlington, Vermont facility in the US.
📉 Gap Downs
Reaction to earnings/guidance:
Other news:
NASDAQ:XENE submitted a regulatory filing for its lead drug (azetukalner) — which could bring its first commercial product to market — but this positive news was overshadowed by a clinical setback: the company paused trials for major depressive disorder and bipolar depression due to neuropsychiatric adverse events.
Wells Fargo cut NASDAQ:NFLX to 'Underweight' from 'Equal Weight,' lowering its price target to $57 from $80, according to a note cited by TheFly. The firm's core concern centers on the streaming platform's content.
SAUDI ARABIA INFORMED EUROPEAN REFINERS THAT THEY WILL NOT RECEIVE OIL NEXT MONTH — BBG.
-- Energy stocks continue their losing streak. NYSE:FRO NYSE:SHG NYSE:BP NYSE:XOM NYSE:CVX NYSE:SHEL EURONEXT:TTE NYSE:EQNR
‼️ Additional
Today marks the largest Triple Witching expiration in US equity market history, according to Citadel Securities.
NYSE is exploring the possibility of 24/7 on-chain trading through an alternative trading system (ATS) that is currently under development.
The US State Department approved the sale of 48 F-35 fighter jets to Saudi Arabia in a deal valued at $24.3 billion. NYSE:LMT
The FAA has authorized NYSE:BA to continue selling 777F freighters beyond 2028.
NASDAQ:SPCX plans to conduct the first orbital flight of its lunar Starship on September 28.
🏢 IPO
NASDAQ:ETRA – Electra Therapeutics
Company develops precision medicines for immune-mediated diseases and cancer by targeting SIRP proteins on specific immune cells. Lead candidate ipsoprubart is being developed for secondary hemophagocytic lymphohistiocytosis (sHLH), a severe immune disorder, and is currently in a global Phase 2/3 registrational trial. The company also has earlier-stage programs for T/NK-cell cancers and chronic immune diseases.
Price: $15.00
Shares: 23.3M
Raised: ~$350.0M
Market Cap: ~$941.4M
LTM:
Revenue: $0
Net Income: -$85.5M
Key point:
Ipsoprubart has FDA Breakthrough Therapy and EMA PRIME designations, while the IPO was upsized from 21.67M to 23.33M shares.
Comparable public companies: NASDAQ:ARGX , NASDAQ:IMVT , NASDAQ:ROIV , LSE:APLS , NASDAQ:KYMR , LSE:TERN
NASDAQ:OIG – Orion180 Insurance Group Inc.
Company provides homeowners and private flood insurance, primarily in coastal markets across the southern U.S. Orion180 is the second-largest E&S homeowners insurer in the U.S. by direct written premiums and distributes products through more than 14,000 independent agents. Its MY180 technology platform automates underwriting, pricing, policy administration and claims using real-time data and machine learning.
Price: $12.00
Shares: 20.0M
Raised: $240.0M
Market Cap: ~$1.19B
LTM:
Revenue: $153.1M
Net Income: $26.8M
Key point:
IPO priced at $12.00, significantly below the original $15.00–$17.00 range. The company reported ~$601M in managed premiums and an average direct loss ratio of 36% since inception.
Comparable public companies: NYSE:HCI , NYSE:UVE , NYSE:HRTG , NASDAQ:ROOT , NYSE:LMND , NYSE:ALL
📋 List of tickers involved:
NASDAQ:PURR NYSE:BLSH NYSE:STUB CRYPTOCAP:BTC NYSE:BMNR NASDAQ:MSTR NYSE:CRCL NASDAQ:HOOD NASDAQ:COIN NASDAQ:GOOGL NYSE:GLW FTMO_OANDA:ARM NYSE:GF NASDAQ:MRVL NASDAQ:XENE NASDAQ:NFLX NYSE:FRO NYSE:SHG NYSE:BP NYSE:XOM NYSE:CVX NYSE:SHEL EURONEXT:TTE NYSE:EQNR NYSE:LMT NYSE:BA NASDAQ:SPCX NASDAQ:ETRA NASDAQ:ARGX NASDAQ:IMVT NASDAQ:ROIV LSE:APLS NASDAQ:KYMR LSE:TERN NASDAQ:OIG NYSE:HCI NYSE:UVE NYSE:HRTG NASDAQ:ROOT NYSE:LMND NYSE:ALL
Best regards – hi2morrow team.
QQQ Technical Outlook: Critical Price Levels, Support Resistance📊 QQQ TECHNICAL OUTLOOK
Critical Price Levels • Support • Resistance • Price Structure
⚡ KEY LEVELS AT A GLANCE
🔴 721.86–724.13 MAJOR RESISTANCE | 🔴 718.00–720.00 RESISTANCE | 🟢 713.00–715.00 SUPPORT | 🟢 709.00–712.00 SUPPORT | 🟣 700.00–705.00 MAJOR SUPPORT
QQQ is trading at an important technical junction following Thursday's strong rebound. The immediate question is no longer simply whether momentum is bullish or bearish.
The key is how price reacts at these clearly defined levels.
🔴 718.00–720.00 | IMMEDIATE RESISTANCE
This is the first major technical battle.
Thursday's high near 718.04 puts QQQ directly underneath this resistance area. Buyers now need more than a brief push through the level.
A move above 720 becomes technically stronger when price can:
BREAK 720 → HOLD 720 → ATTRACT CONTINUED BUYING
A quick move above resistance followed by an immediate reversal would instead suggest that sellers are still defending the area.
🔴 721.86–724.13 | MAJOR RESISTANCE
If QQQ establishes itself above 720, attention shifts immediately toward 721.86–724.13.
This is the next important upside zone.
Sustained acceptance above this region would strengthen the short-term price structure considerably and could indicate that buyers have regained greater control.
🟢 713.00–715.00 | FIRST SUPPORT
This is the first defensive zone for buyers.
If QQQ pulls back from resistance but holds 713–715, the rebound structure remains intact.
That would leave QQQ potentially consolidating between support and resistance rather than immediately signalling a bearish reversal.
Holding 713–715 = rebound structure remains alive.
🟢 709.00–712.00 | SECONDARY SUPPORT
If 713 breaks and QQQ cannot quickly reclaim it, attention shifts toward 709–712.
This becomes an important decision zone.
A strong reaction here could indicate a deeper pullback within the broader rebound.
Continued weakness through the zone, however, would increase the importance of the major support underneath.
🟣 700.00–705.00 | MAJOR SUPPORT
This is the deeper structural support zone.
Unlike a minor intraday level, this region could have greater significance for the overall short-term structure.
A decisive break followed by sustained trading below 700–705 would materially weaken the current rebound structure.
🚦 QQQ PRICE ROADMAP
🟢 ABOVE 720 → Watch 721.86–724.13
🟡 713–720 → Consolidation / Decision Zone
🔴 BELOW 713 → Watch 709–712
🔴 BELOW 709 → Watch 700–705
🟣 BELOW 700–705 → Reassess the broader rebound structure
📐 TECHNICAL CONFIRMATION
One of the most important distinctions in technical analysis is the difference between testing a level and gaining acceptance beyond it.
Touching resistance ≠ Breakout
Breaking resistance ≠ Confirmed breakout
🟢 BREAK + HOLD + PARTICIPATION = STRONGER CONFIRMATION
The same principle works in reverse at support.
A brief move below support does not carry the same technical significance as a breakdown followed by continued acceptance below the level.
🎯 BULLISH • NEUTRAL • BEARISH
🟢 BULLISH
QQQ holds 713–715, breaks 718–720, and establishes itself above 720.
Next technical focus: 721.86–724.13.
🟡 NEUTRAL
QQQ remains between approximately 713 and 720.
That would represent a decision/consolidation zone, with neither buyers nor sellers establishing decisive control.
🔴 BEARISH
QQQ loses 713 and fails to reclaim the level.
That shifts attention toward 709–712, with deeper weakness bringing 700–705 back into focus.
💡 TECHNICAL TAKEAWAY
The objective is not to predict where QQQ must go next.
The objective is to identify the levels where the market itself begins revealing the answer.
🔴 718–720 = BATTLE FOR UPSIDE CONTROL
🟢 713–715 = FIRST BULLISH DEFENSE
🟣 700–705 = MAJOR STRUCTURAL DEFENSE
PRICE → LEVEL → REACTION → CONFIRMATION
Let price come to the level.
Let the market show whether the level holds or fails.
Then evaluate the direction.
For educational purposes only. Not financial advice.
