Sonny

HACK with an extremely bullish setup. CRWD earnings last night were phenomenal and they are showing that AI is creating a feedback loop between exposing more cyber security problems which is giving them more revenue ironically with more problems to solve. Everyone though it would be the opposite.

Technically there is a big hidden bulllish divergence with price making higher lows while RSI makes lower lows. It bounce on the impulse gate in blue which is also bullish, failing to even retrace towards the golden pocket as we would normally expect. With that in mind it looks like wave 3 has now started and considering this is a macro wave 5 it could be really powerful.

I will be looking at going long PANW tomorrow on a pullback. They have earnings on September 1st and if they are anything like CRWD they should be great. I ma looking for a retracement towards 366 at 0.618 retracement of this wave 1. I will be looking to close my short there also.

BUYING FNGD

Same analysis as SQQQ below - additional colour is the potential for the yen carry trade to unwind into the OPEX window. We already saw a major signal last week that this is now beginning in earnest. And the idea that authorities can prevent this is frankly laughable. So the fact they are openly recognising it is a massive tell imho.

People also mistook the monster move up last week as bullish when it was merely a function of negative options gamma regime. Those reflexive buyers are now exhausted and have left the underlying positioning bery unstable, a break below the PUT wall of QQQ at 700 and the volatility will be to the downisde for risk.