43 maybe even 38.2This is a journal, not advice. Levels come from Martin Armstrong’s Socrates platform, read off screenshots, and screenshots are sometimes wrong... check the date on yours. I have no position in UGL as of Oct 21.
LongETF market
Long
Where Do We Go From Here ?There are 2 key groups that drive the indices — and they have different jobs.
GROUP #1
Job: Hold the Market -Indices Up Until the Fed Cuts.”
— TECH (THE STEEL I‑BEAM)
AAPL • MSFT • NVDA • AMZN • META • GOOG • TSLA • AVGO • AMD • CRM • NOW • ADBE • NFLX • GOOGL
These 14 tech stocks are NOT being bought. They’re being recycled and babysat by Vanguard, Fidelity, and T. Rowe Price using the same $545B of daily volume.
Their job right now: Act like a steel I‑beam and hold up the S&P and
Short
QQQ: 718.32 is the flush line, 724.55 the reclaimWednesday drew one line and tested it twice. QQQ flushed in the morning to 719.72, built a double low at 720.30 into midday, and accepted above 724.55 — a level that capped price all morning — closing at 725.21, near the 727.95 high. Then the evening took it all back: overnight QQQ slid through the level to 719.47, and Thursday opens below the line, sitting on 718.32, the first support. The test now runs the other way — 718.32 is the flush line, 724.55 is the reclaim.
What Wednesday proved: loc
$SPY & $SPX — Levels for Thursday, October 22, 2026🔮 AMEX:SPY & SP:SPX — Levels for Thursday, October 22, 2026
📊 Key U.S. Economic Data (ET)
8:30 AM | Unemployment Claims | Forecast: 200K | Previous: 199K
⚠️ For informational purposes only. Not financial advice.
📌 #SPY #SPX #UnemploymentClaims #Employment
Price keeps moving. Why don’t these levels?SPY sells off on October 14. In the October 15 session captured here, price dips around the lower amber line and rebounds toward the white one. The candles move; the reference lines stay flat.
That is how daily pivot points work: the levels are calculated from the previous session’s data, rather than following each new 15-minute candle.
What builds the levels?
This example uses Traditional daily pivots. P, the white central pivot, averages the previous session’s high, low, and close. The fi
Education
B wave looks completeIf it's an ABC, C will be next and continue selling into November. This rising wedge may finish today or tomorrow.
Short
SPY fades to 764 by Thursday noon? How to grade the last callThe setup, in numbers: price sits near 772 on the hourly chart. A forecasting model's current path slopes toward about 764 by Thursday noon, wrapped in an error band that widens by roughly 0.9% per hourly step. Its previous call, made near 765 early Tuesday, also pointed lower.
The last-call check is simple. Before trusting the new path, grade the old one. Did price stay inside the old band? Did it lean in the forecast's direction, or against it? Here the earlier call pointed lower from the 765
Using Sector ETFs to Spot Changes in Market LeadershipIf you have an interest in momentum trading, understanding the ebb and flow of sector leadership is an important part of the process. Sector ETFs offer an efficient way to analyse sector strength and weakness, allowing us to use our technical analysis skills to look beyond the simple performance rankings provided by bar charts and heatmaps.
Rather than just identifying which sectors have performed best, we can study the quality of their trends, how momentum is changing and whether the underlyin
Education
$SSPC will trade at $9 againGreetings,
- I am in this trade with a small 200 share position ($1200)
- NAS100 is printing all time highs and is bound for a red season
- That alone will drag down NASDAQ:SPCX from $175 for a retest of $150 (15% drop)
- On the 2x ETF, thats a 30% capture.
- Remember young John Conor from T2 hacking the ATM? "EASY MONEY"
- Cheers ya'll. God blesses!
Short
QQQ Remains Under a Bearish Bias, With Potential for a DeclineMarket Structure: Bearish (Lower High – Lower Low) NASDAQ:QQQ
After forming a swing high around $762.85, QQQ underwent a structural shift from bullish to bearish.
- The price formed a series of lower highs at the $758, $754, and $746 levels.
- A strong bearish impulse broke through the $734–730 support zone.
- The decline continued, testing the $707–710 demand zone.
- The price subsequently rebounded toward the $722–724 range but failed to form a higher high, which would have confirmed a tr
Short
TrianleSPY 15m - neutral read:
- *Structure:* Broke prior downtrend into a strong impulse, then transitioned into sideways / higher-low consolidation.
- *VWAP / Trend:* Price is hovering around VWAP, holding above the rising white trendline that connects higher lows since the break.
- *Pattern:* Small flag-type consolidation after the impulse, now tight choppy candles indicating balance, not strong momentum either way.
- *Volume:* Elevated on the breakout, then muted/flat during the consolidation phas
Pre-market — Wed Oct 21, 09:05 ETDay call: RIP-DAY (selective, AI-led). NQ +0.7% — SPCX +8% (Q3 rev +161% YoY, Tesla/SpaceX merger committees) and SMCI +11% on a raised guide are driving AI names; mega caps flat-to-mixed. Favor TREND continuation on the AI leaders; Sniper only on fresh flushes. No macro no-chase flag today (Fed blackout). META + TSLA report after the close → scalp-only, no weeklies on either.
Top picks (Layer A — 30m bull div + completed 4h SMI cross, verified on zoomed 4h): NVDA, AMD, QQQ, AVGO. SPY is a stru
Research 21.10.2026🌏 Markets:
AMEX:SPY +1.98 +0.26%(pre/m)
NASDAQ:QQQ +4.86 +0.68%(pre/m)
🆕 Economic News:
Nasdaq futures lead gains as SpaceX and Super Micro results revive the AI trade; Netflix slides on a soft outlook
07:00 USA – MBA Mortgage Applications
10:30 USA – EIA Crude Oil Inventories
13:00 USA – 20-Year Bond Auction
Fed in blackout period ahead of the Oct. 27–28 FOMC meeting
After the close: NASDAQ:META , NASDAQ:TSLA , NYSE:IBM , NASDAQ:TXN , NASDAQ:LRCX , NYSE:SAP , NASDAQ:C
SPY Is Above 770.09 Premarket After Two Days Inside The Box.SPY Is Above 770.09 Premarket After Two Days Inside The Box.
SPY closed yesterday at 769.05, 1.04 under the 770.09 floor, after trading both edges of its 765.52 to 770.09 box, and is near 770.70 premarket - back above the floor, but premarket only. The 4H traffic light is green with a bullish structure; the hourly light is red with a sweep anti-signal active and a bearish structure, and IMP scores 0/5 on both. The timeframes still disagree.
Resistance: 772.29 - yesterday's high
Key resistance:
XLV beyond its second monthly target, 177.53 now the line to holHealth Care (XLV) closed Tuesday at 179.82, up 2.4% and beyond its second October monthly target at 177.53. Monthly, quarterly and yearly biases all point up. The next level is the quarterly target at 186.28, which sits above the current Regular Term MFR Range (top near 183.45), so a long-side process takes profits in front of it rather than adding here. The line to hold is 177.53 on a daily close: a close back under it would cancel the breakout.
QQQ fell 5.5% from its top. Why my indicator didn't sellQQQ closed at 717.63 on Tuesday, 5.5% below its Oct 6 top.
My free Risk-Off Ladder is still 100% invested. That's by design.
It only sells when 2 of these 3 alarms are on:
1. VIX in its top 20% of the past year: off (VIX 17.31).
2. QQQ closes below its 200-day average (about 676): off.
3. QQQ is more than 15% below its 1-year high (about 648): off.
Today: 0 of 3. A 5% pullback is normal noise, and the ladder is built to sit through it.
What would make it sell:
- VIX closes above about 19.5 an
$SPY & $SPX — Levels for Wednesday, October 21, 2026🔮 AMEX:SPY & SP:SPX — Levels for Wednesday, October 21, 2026
📊 Key U.S. Economic Data (ET)
No high- or medium-impact USD economic events scheduled.
⚠️ For informational purposes only. Not financial advice.
📌 #SPY #SPX #StockMarket #Trading #TechnicalAnalysis
Long
Better imageZoomed out showing the double bottom. Posting to show better context.
Adding words because the algo won't let me post with few words.
Long
RAM Double bottom at support RAM showing a double bottom at $7.80 suppprt. Seems to be holding and forming a solid floor.
Fundamentals are solid, but leveraged symbols can be wild. Let's see how we pan out.
Long
SPY has been hovering below its fibonacci extension levelSPY has been hovering below its fibonacci extension level since AUG, and the macro backdrop/ this season's earnings have been looking fundementally weak. Unless major reinflation or debasement pressure come about, I dont see the index going much higher, - Target 635 AMEX:SPY
Short
XLC vs SPX (Weekly)Relative value chart of how XLC is performing against SPX. Could be interesting to watch given we are now into Q4 2026 earnings season.
CME_MINI:MES1! CME:SCMCS1! CME:XNFLX1! CME:XMETA1!
Expect to see a tightening consolidation over the next couple of weeks.
BB indicator starting to contract, possibly showing that an explosive move could happen tactically as well.
MACD still within the bearish environment however bullish divergence has been noted along with a slowing of momentum
Education
SPY chop to 768.71 by Wednesday? Read the band, not the lineThe shaded cone on the right of this 1-hour chart is an error band around a model path. The path itself is flat: it ends near 768.71 at about 3:00 AM Pacific on Wednesday, Oct 21, with the full range between -0.11% and 0.00% of the current price. That is a neutral read, so today's lesson is the band, not the line.
The band starts at about ±0.25% per hourly step, the model's calibrated error estimate, and it widens with time because each step adds fresh uncertainty on top of the last. Error compo
Education
Three flushes, three confirmations: the QQQ demand bounceTuesday's open was a flush, not a breakdown. QQQ came in soft — pre-market low 712.51 — and the opening minutes undercut it to 710.65, straight into the top of the 707–712 demand zone that has been on the map since last week. That zone is the story of the day: it was tested by forced selling, and it held.
The turn had a structure, not just a bounce. At the 710.65 low the 5-minute printed a bullish divergence with absorption showing in the flow, and the 5-minute momentum cross out of the washout
Long
SQQQ | Q3 2026 - Day ChartKevin Xu bought $45k worth of shares of SQQQ 3x Short at $38.49 saying "don't hate me when I'm right".
The first short represents Kevin's entry. He is a Swing Trader with a short watchlist of stocks to trade.
The Investors who bought long-pants at $38.50 area want price to go to the next weekly level of resistance, which is $46. 23. - an area Kevin could have considered shorting from.
