With earnings quieting down and tariffs headed toward resolution, the markets are headed toward new trading opportunities, one way or another. Next week will be a key week as far as our patterns go, as stock indices are giving off signals of trend reversal, while two mega long picks, TSLA, and Bitcoin, are on the verge of pattern recognition Buy Signals. For us, it's time to get ready to put capital to work. There are 5 to 10 baggers staring at us and it makes no difference to me which way it goes, I'm ready for them all. QQQ - Key Reversal Pending QQQ sitting on support which if holds, bolds well for the two longs pending. If support fails, there is a deep dive coming. It's one or the other and the clock is ticking. TQQQ Puts - These are well situated should QQQ break down over next few trading sessions. TSLA After briefly popping above $300, TSLA has settled back into the $290's. A close above $305-$310 portends new highs above $488.50 due this summer, i.e., fresh TSLL calls - Pending. TSLL - Calls for a Summer Rally Requires TSLA close above $300-310 for a potential 5-10 bagger. Bitcoin Bitcoin's fate may be irrevocably tied to QQQ (and TSLA). If QQQ support holds, Bitcoin is going to $160K. If not, QQQ is dropping well into the $300's. If Bitcoin can close any day above $105K: IBIT Jun Calls There are 5-10 baggers possible in both bullish and bearish patterns over the weeks and months ahead. More details tomorrow in the Weekend Update.
