ETF market
TQQQ: Is This The Bottom?Sure it is ladies and gentlemen at least for this coming bounce that is around the corner.
This aftermarket move down is a gift from the Gods for a good entry.
We have our Daily and 4hrs TFs Bullish Setup and entering our Buy Zone, NO IFs or BUTs.
We have another retrace after this coming bounce so just make some money and get out.
How high it will go? that nobody knows but probably to test the $70.00 area.
Play it right.................Play it safe............Play it The Numberfive Way.
Boost...................Follow......................Share................Comment.
$SPY & $SPX — Levels and Scenarios for Wednesday, August 5, 2026🔮 AMEX:SPY & SPCFD:SPX — Levels and Scenarios for Wednesday, August 5, 2026
📊 Key U.S. Economic Data (ET)
8:15 AM | ADP Non-Farm Employment Change | Forecast: 68K | Previous: 98K
10:00 AM | ISM Services PMI | Forecast: 54.5 | Previous: 54.0
4:30 PM | President Trump Speaks
⚠️ For informational purposes only. Not financial advice.
📌 #ADP #Employment #ISMServices #EconomicCalendar
Technical Analysis – EWYEWY is showing signs of a constructive trend reversal after correcting from its June highs. The recent decline unfolded within a descending channel, while the broader primary uptrend remained intact as price continued to respect its long-term ascending trendline.
Over the past few sessions, EWY has broken above the descending trendline, signaling that the corrective phase may have ended and that buyers are beginning to regain control. The strong bullish candle accompanying the breakout increases the probability that this move represents a genuine shift in momentum rather than a temporary overshoot.
From a momentum perspective, RSI has also broken its multi-week downtrend line and is recovering toward the neutral zone, a classic early indication that bullish momentum is rebuilding. This positive divergence between price structure and momentum strengthens the breakout thesis.
If the breakout is confirmed with sustained closes above the recent resistance area around $170–$172, the ETF could target a retest of the previous highs near $200, with additional upside potential toward the $220 region based on the broader uptrend.
Structural Context
Beyond the technical setup, South Korean equities continue to benefit from improving sentiment around the AI semiconductor cycle. As the home market of global technology leaders such as Samsung Electronics and SK Hynix, the ETF is well positioned to benefit from sustained demand for advanced memory chips, AI infrastructure, and high-performance computing.
Conclusion, the combination of:
A breakout from the corrective downtrend,
A successful retest of the long-term rising trendline,
Improving RSI momentum,
And favorable semiconductor fundamentals,
suggests that EWY may be entering the next leg of its primary uptrend. As long as price remains above the breakout zone, the technical bias continues to favor a bullish continuation scenario.
QQQ crash rest of the year down to 500.Jesus said, "Never trust anyone that tells you that the sky is falling. Unless, of course, that person is Fraggle_Rock on Tradingview" This passage is not known by many because it only exists in the bible in hell, which they don't teach you in Sunday School. I predicted on February 27th the drop to 555 and the massive rebound from there. I also included the drop back down to 500 after that blowoff top. I predicted the move down to 660 and the rebound. Now I'm predicting that the end is here. Next stop is 500. I don't know what the trigger will be, but I think it's obvious that it will most likely be a war, however, that is irrelevant. It was all planned long ago. 500 here we come. Get your shorts in NOW. TODAY.
QQQ Weekly Top: Is This Jan 2022 Again?Everyone's reading this week's drop in QQQ as a dip to buy in a strong uptrend. Here's what that read misses: the weekly signal already flipped down, price closed under the level it had been defending, and the whole structure rhymes with the January 2022 top.
QQQ printed a -4.16% weekly bar and closed at 695.33, back under the 1st Warsh FOMC key level at 731.62. That level is the median of the price range around a wrecking-ball new Fed chair's first FOMC, so it bakes in the whole event: the expectations going in, the reaction on the day, and the digested read once analysts and real flows had weighed in. It is where the positioning of everyone trading that regime reset settled, which is why the tape keeps defending it. Losing it on the weekly close is the tell. From here the weekly signal projects a sequence of targets stepping lower: 665.25, then 609.61, 558.37, 511.44 and 468.45. This is not happening in isolation. SPY closed the same week under its own Warsh line at 745.41, so the Nasdaq is leading the whole complex down as the AI-capex trade re-rates.
The path from here is two-sided. As long as QQQ holds under 731.62, the targets stay live and the January 2022 analog is the roadmap into the fall, first stop 665.25. The way this call is wrong is simple: a weekly close back above 731.62 reclaims the level and puts the buyable-dip read back on the table.
The weekly signal already turned. 731.62 is the number that proves it wrong.
Cheers,
Ivan Labrie.
$SMH: Resistance $582-588NASDAQ:SMH : AI trend is still going strong.
In time, SMH will make a new high. The short term resistance is between the Measured Move target of $582 and the 50% retracement at $588.
Plan: I'll look to sell weekly covered calls on some of my SMH shares when SMH is close to $588.
Top of the RangeWe're at the top of the range and likely break above the previous highs today. I think the break above the old highs will not stick and we will reverse, but I could be wrong so you have to play it carefully.
Mega caps are pulling back already and I believe they (and the market) will come down hard over the next few weeks.
Bull Flag Breakout Underway — Small Caps Ready for the Next Leg?After a strong impulsive advance, IWM (Russell 2000 ETF) spent several weeks consolidating inside a textbook bull flag, allowing momentum to reset without breaking the broader uptrend.
Price is now attempting to break out of that consolidation.
🔍 What stands out?
🚩 Bull Flag Breakout
🟢 Took Support from the Fib Golden Pocket
The recent consolidation developed as a controlled pullback following a strong rally.
Bull flags are among the most reliable continuation patterns, often leading to another impulsive move once resistance gives way.
🎯 Immediate Resistance
The first obstacle lies at the previous swing high near 301.63.
A decisive breakout above this level would confirm renewed bullish momentum.
🚀 Upside Objective
If buyers reclaim the previous high, the next measured objective sits near 319.14.
🟢 Key Support
The bullish thesis remains valid as long as price holds above 290.18.
Losing that level would weaken the breakout structure and increase the probability of a deeper pullback.
🏢 Some High-Quality Russell 2000 Constituents
Many innovative growth companies begin their leadership cycles in the Russell 2000 before graduating into larger indices.
🤖 OUST — Digital LiDAR
🧠 INOD — Enterprise AI & Data Engineering
☁️ AVPT — Cloud Software
🛡️ RBRK — Cybersecurity
📡 VECO — Semiconductor Equipment
⚡ TARS (high-growth biotech )
These are exactly the type of innovative companies that often outperform when small-cap growth enters a leadership phase.
💡 Key Takeaway
A bull flag represents consolidation, not necessarily weakness.
If IWM confirms the breakout above its previous high, it would strengthen the case for continued participation in small-cap stocks, potentially providing a favorable backdrop for many of the higher-growth names already on your watchlist.
This analysis is for educational purposes only and reflects my interpretation of price action and market structure—not financial advice. Always do your own research and manage risk accordingly.
$TLT VCP BaseTLT is an ETF that tracks 20+ year Treasury bonds. When its price falls, interest rates are generally rising. Last Friday, TLT undercut its October 2023 lows.
If you expect rates to keep rising, you would likely expect TLT to continue declining. If you believe rates are near a peak, you would look for TLT to reclaim the October 2023 undercut and eventually move above the VCP wedging pattern.
This has been a very long basing pattern, lasting more than two and three-quarter years. I expect it to eventually reclaim the lower baseline and break out of the wedge, though I do not know when. I have set an alert on the lower trendline, and if it triggers, I will trade it as an undercut-and-rally setup.
Keep in mind that if the Fed raises rates, TLT will likely continue trading lower. However, the market sets longer-term rates, not the Fed, even though the Fed heavily influences the bond market.
From a longer-term perspective, I do not see long rates continuing much higher from current levels. That said, this is only my opinion, and the market does not care what I think.
As always, if this idea provides value, make it your own and trade or invest according to your own rules. After all, it is your capital at risk.
SPY TRADE IDEA AUG 4,2026 BRADROC TRADING LLC SPY Trade Idea – August 4, 2026
Here's what I'm watching today...
SPY is sitting at all-time highs, and I think she still has room to climb if buyers stay in control.
At the opening bell, mark off the pre-market high and pay close attention to volume. If buyers can push through that level and hold, I'll be watching for a move to 764–765 possible move to 766.25
PUT IDEA
If SPY falls back below 758, I wouldn't be surprised to see her trade sideways between 758 and 757 while buyers and sellers battle for control: sellers can break below 757 and stay in control, I'll be watching for a possible move back to: 749, 748.75
let price confirm the move before jumping in. Based on the time you have on your contract, don't be afraid to take profits along the way.
Quick Reference
CALL
Watch: Break & hold above the pre-market high
TP1: 764.00
TP2: 765.00
TP3: 766.25
RANGE: 757.00 – 758.00
Watch for consolidation if SPY loses 758.
PUT
Entry: Break & hold below 757. Look for a possible $8 move
TP 756, 755, 754.25, 752.50, 749-748.75
Disclaimer
My goal is to keep these trade ideas simple without all the complicated trading terminology that can overwhelm newer traders. Take the levels I provide and compare them with your own chart, making sure to mark any additional support and resistance levels you feel are important. This is not financial advice—it's simply how I see the market based on my own analysis. Always do your own research before entering any trade. Trading involves risk, so manage your risk, take profits along the way, and trade responsibly. @everyone
Research 04.08.2026🌏 Markets:
AMEX:SPY +2.51 0.33% ATH (pre/m)
NASDAQ:QQQ +7.18 1.03%(pre/m)
🆕 Economic News:
08:30 USA – Balance of Trade
10:00 USA – Factory Orders
10:00 USA - JOLTs Job Openings
16:30 USA - API Crude Oil Stock Change
📈 Gap Ups
Reaction to earnings/guidance:
NASDAQ:PLTR NYSE:CAT NYSE:MCD NYSE:MRK NYSE:OKE NYSE:BP NYSE:TM NYSE:PFE NASDAQ:AEIS NASDAQ:WIX MYX:CTOS NASDAQ:WGS NYSE:PAY NYSE:IT NASDAQ:ZBRA %ON $Q NASDAQ:ENTG NASDAQ:JAZZ NYSE:AME NASDAQ:TSEM NYSE:ADM NYSE:CMI NYSE:FIS NYSE:LDOS NYSE:NRG NASDAQ:IDXX NYSE:EC NYSE:MPC NYSE:WMB NYSE:APO
Other news:
The Trump administration is preparing restrictions on imports of Chinese components used in data center construction — RTRS.
-- US stocks of data center component suppliers are rising : NYSE:COHR NASDAQ:AAOI NYSE:FN NASDAQ:LITE NYSE:CIEN NASDAQ:MRVL NASDAQ:CRDO NYSE:UMC NASDAQ:ALAB
The US Federal Aviation Administration certified the Boeing 737 Max 7 after an almost decade-long delay. NYSE:BA
NASDAQ:SNDK , NASDAQ:SKHY Stocks Gain After Launching New AI Memory Standard
Truist Securities upgraded NYSE:GLW Incorporated to Buy from Hold
📉 Gap Downs
Reaction to earnings/guidance:
NASDAQ:POWL NYSE:SPOT NASDAQ:BRKR NYSE:APTV NASDAQ:ADEA NASDAQ:CIFR NYSE:FMS NYSE:DOCN NYSE:ROK NASDAQ:STRL NYSE:SNN $W NYSE:DD NASDAQ:CCEP NASDAQ:BNTX NYSE:RVTY NYSE:PNW NYSE:MUFG NYSE:VVX NASDAQ:HUT NASDAQ:VRTX NYSE:HSBC NASDAQ:FANG NYSE:WAT NYSE:PGR NYSE:APO
Other news:
JP Morgan downgraded NYSE:NKE to Neutral from Underweight / PT 40$
Bezos sold $4 billion worth of Amazon NASDAQ:AMZN shares yesterday.
‼️ Additional
NYSE:FERG will replace NASDAQ:EA in the S&P 500 today on markets closing.
Goldman once again reaffirmed its S&P 500 year-end 2026 target of 8,000.
-- Tom Lee, head of Fundstrat, believes this year will be highly successful for the S&P 500.
Huawei’s leading semiconductor specialist warned of looming physical limitations that Western chipmaking giants, including Nvidia NASDAQ:NVDA , are set to face.
NYSE:MA completed its acquisition of BVNK to expand its stablecoin payments infrastructure.
📋 List of tickers involved:
NASDAQ:PLTR NYSE:CAT $MACD NYSE:MRK NYSE:OKE NYSE:BP NYSE:TM NYSE:PFE NASDAQ:AEIS NASDAQ:WIX MYX:CTOS NASDAQ:WGS NYSE:PAY NYSE:IT NASDAQ:ZBRA NASDAQ:ON $Q NASDAQ:ENTG NASDAQ:JAZZ NYSE:AME NASDAQ:TSEM NYSE:ADM NYSE:CMI NYSE:FIS NYSE:LDOS NYSE:NRG NASDAQ:IDXX NYSE:EC NYSE:MPC NYSE:WMB NYSE:APO NYSE:COHR NASDAQ:AAOI NYSE:FN NASDAQ:LITE NYSE:CIEN NASDAQ:MRVL NASDAQ:CRDO NYSE:UMC NASDAQ:ALAB NYSE:BA NASDAQ:SNDK NASDAQ:SKHY NYSE:GLW NASDAQ:POWL NYSE:SPOT NASDAQ:BRKR NYSE:APTV NASDAQ:ADEA NASDAQ:CIFR NYSE:FMS NYSE:DOCN NYSE:ROK NASDAQ:STRL NYSE:SNN $W NYSE:DD NASDAQ:CCEP NASDAQ:BNTX NYSE:RVTY NYSE:PNW NYSE:MUFG NYSE:VVX NASDAQ:HUT NASDAQ:VRTX NYSE:HSBC NASDAQ:FANG NYSE:WAT NYSE:PGR NYSE:NKE NASDAQ:AMZN NYSE:FERG NASDAQ:EA NASDAQ:NVDA NYSE:MA
Best regards – hi2morrow team.
SPY's Break Was Real - Ran To 759.SPY's Break Was Real - Ran To 759.
The 748 break held and ran. Monday the caution was that SPY broke 748 on a bottom-quartile surface - a divergence that had trapped breaks all month. This time it did not trap: price held above 748, the conviction surface rotated all the way up to maximum, and SPY ran through 753 and the 755.66 highs to 759.55. The divergent break resolved bullish and the surface caught up to price. Credit where due, the break was the real thing. The flip side is that it is now extended into new highs with euphoria showing, so this is not the spot to chase. Neutral.
Resistance: 759.67 - the high
Key resistance: 765.71 - next shelf up
Current price: 759.55
Support: 755.66 - the prior high, now support
Key support: 753.22 - first support below
Structural floor: 748.00 - the broken ceiling
Two paths from here:
It holds the breakout and extends. With conviction now maxed and the range resolved up, holding above 755.66 keeps the path open toward 765. A confirmed breakout that holds its breakout level is a trend, not a trap.
It reverts after the euphoric run. Maxed conviction and euphoria at new highs is stretched, and the run from 748 to 759 was fast. A loss of 755.66 and then 753 would signal the breakout needs to backfill. Extended moves mean-revert.
SPY's 748 break was the real thing - it held, the surface confirmed, and it ran to new highs. The honest note is that we stayed Neutral through a break that worked, and it is now extended. On any pullback, 755.66 holding as support is the level that matters.
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice.
SPY: Price Approaches A Significant Resistance ZoneThe SPDR S&P 500 ETF Trust (SPY) traded higher, driven by strong mega cap tech earnings, easing geopolitical tensions, and falling oil prices. The ETF recently hovered around a day's range of $748.80 to $758.58.
Technical outlook:
SPY is on bullish momentum, moving on partial consolidation with support and resistance. Price have been ranging on this horizontal for a couple of over two months now, in respect to the structure. Price is currently at the resistance level, as we anticipate a short term retracement.
Key Outline:
A clear pullback at this point, activate a sell position down to $730.45, as next potential support.
Thanks for reading.
Long Expanded Tech SoftwareGood morning traders,
# Long Investment Thesis: iShares Expanded Tech-Software Sector ETF (IGV)
## Investment Thesis
The **iShares Expanded Tech-Software Sector ETF (IGV)** provides diversified exposure to some of the world's highest-quality software and cloud computing companies. The ETF benefits from long-term structural trends, including digital transformation, artificial intelligence, cybersecurity, cloud migration, and enterprise software adoption.
Software businesses typically enjoy attractive economics, characterized by recurring revenue, high gross margins, scalable business models, and significant free cash flow generation. As organizations continue to digitize operations and increase technology spending, software remains one of the most resilient and profitable segments of the global economy.
## Why IGV?
### 1. Structural Growth
Software is expected to remain one of the fastest-growing industries over the coming decade, supported by:
* Artificial Intelligence adoption
* Cloud infrastructure expansion
* Enterprise digital transformation
* Cybersecurity spending
* Data analytics and automation
* Subscription-based Software-as-a-Service (SaaS) models
These secular drivers are largely independent of short-term economic cycles.
### 2. High-Quality Businesses
IGV holds many industry leaders that demonstrate:
* High return on invested capital (ROIC)
* Strong free cash flow generation
* Asset-light business models
* Pricing power
* High customer retention
* Significant switching costs
Many constituents have established durable competitive advantages and long operating histories.
### 3. Attractive Business Economics
Compared with many other industries, software companies generally exhibit:
* Gross margins above 70%
* High operating leverage
* Limited capital expenditure requirements
* Strong cash conversion
* Consistent earnings growth
As revenue scales, profitability often improves disproportionately.
### 4. AI as a Multi-Year Catalyst
Artificial Intelligence is likely to increase demand for software rather than replace it.
Software vendors are embedding AI capabilities into their products, enabling:
* Higher productivity
* Premium pricing
* Improved customer retention
* New revenue opportunities
The broad adoption of AI should support long-term earnings growth across many IGV holdings.
## Key Risks
Investors should also consider several risks:
* Elevated valuations during periods of market optimism.
* Higher sensitivity to interest rates compared with value-oriented sectors.
* Slower enterprise IT spending during economic downturns.
* Increased competition and technological disruption.
* Regulatory scrutiny affecting large technology companies.
Despite these risks, the long-term demand for software continues to be supported by powerful structural trends.
## Why Hold IGV for the Long Term?
IGV is well suited for investors seeking exposure to innovative, high-quality companies capable of compounding earnings over many years.
Rather than relying on the success of a single software company, the ETF provides diversified access to the broader software ecosystem, reducing company-specific risk while maintaining exposure to long-term industry growth.
From technical perspective, check 200MA on a daily timeframe
Regards
Josep
TECL: Is the correction creating a new opportunity?The Direxion Daily Technology Bull 3X ETF remains one of the most volatile ways to gain leveraged exposure to the U.S. technology sector. Long-term fundamentals continue to be supported by investment in artificial intelligence, cloud computing, semiconductors, and strong earnings from major technology companies. If the sector maintains its momentum, these factors could fuel the next bullish leg.
Technically, price is holding the key $150-152 support zone, where buyers previously stepped in. After a deep correction, the chart is building a recovery base, while CCI is leaving oversold territory, suggesting that selling pressure is fading. As long as support holds, I expect a move toward $227, followed by $340. A break below $150 would invalidate the bullish scenario.
$SPY & $SPX — Levels and Scenarios for Tuesday, August 4, 2026🔮 AMEX:SPY & SPCFD:SPX — Levels and Scenarios for Tuesday, August 4, 2026
📊 Key U.S. Economic Data (ET)
10:00 AM | JOLTS Job Openings | Forecast: 7.44M | Previous: 7.59M
⚠️ For informational purposes only. Not financial advice.
📌 #JOLTS #JobOpenings #LaborMarket






















