The market continues to be strong, with no signs of the action slowing down. The QQQ (Nasdaq) is at a point where the lower timeframes are slightly overbought; however, what might prevent a pullback is the weekly Squeeze that fired long on Monday. In the video below, I’ll walk through my roadmap of the QQQ that could push other tech names like GOOGL and MSFT higher.
Get a breakdown of the GOOGL setup in less than 60 seconds below! 💙 Like & retweet if you enjoyed!
Stay Focused,
Taylor Horton
Taking a look at the Big 3 Squeeze, GOOGL is as good as it gets!
Google (GOOGL) has an active squeeze, Big 3 buy signal, green A+ label, and a perfect 10 out of ten Big 3 Squeeze rating. The key is to watch the Nasdaq (QQQ). If the QQQ’s squeeze can fire long and push price to $400+, then big names like GOOGL, AMZN, AMD, and others could see a push higher as well.
In the video below, I’ll review targets on the QQQ and big tech names, as well as my open position on TSLA.
Until December 1st, get 30% off my Compounding Growth Mastery subscription with Simpler Trading’s Black Friday Sale! Use the code: BFS23 at checkout. I look forward to seeing you in the room and sharing my market analysis, trade alerts, and more!
Stay Focused,
Taylor Horton
After this week, I’m still waiting for the market to pull back. For now, it’s a game of patience. Microsoft (MSFT), Amazon (AMZN), and Meta (META) have weekly squeezes to watch out for next week.
Let’s review my top squeezes in today’s video:
Stay Focused,
Taylor Horton
Don’t forget to follow me on Twitter, where I post trades I’m currently watching out for. Check out my recent trade below trading overnight options on /ES:
2/2 so far this week on $ES_F overnight trades (CCS) (posted in the @simplertrading rooms)
Closed P/L = +$1,260
Weekly goal = +$5,000(still waiting on dips to potentially get swing-long $AMZN $MSFT $META) pic.twitter.com/yVkH9uZorY
— Taylor Horton (@taylor_horton24) November 7, 2023
The key here comes down to waiting for a dip in the Nasdaq (QQQ). This could lead to actionable setups in META, MSFT, or AMZN. We’ll review all three setups in the video below using the Big 3 Squeeze indicator. We’ll also review the daily chart of the Dollar (DXY) as it plays a big role in the markets over the next few weeks.
Stay Focused,
Taylor Horton
The Dollar (DXY) is showing signs of a potential big flush lower. Momentum is back above the zero line, there is a daily squeeze, and price is below the daily 21 exponential moving average (EMA) and 50 simple moving average (SMA). In addition to the bearish lower time frames, all of this combined could signal the daily squeeze will fire short. If the dollar continues to flush, this should also be positive for the equities.
In the video below, we’ll review the market conditions on the Nasdaq (QQQ) and big tech names like META, AMZN, and TSLA.
Stay Focused,
Taylor Horton
