$QQQ $NQ_F Possible ABC

By Justiceisfalse2

Updated

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Daily and weekly charts hitting fib extensions and key MAs and no space left on %r down

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CNN fear greed hitting 9-10
money.cnn.com/data/fear-and-greed/

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O/I for QQQ Mar.20'20 200 Puts = 106,491 at 14:05 ET
Should give a backstop

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This from Sentiment Trader:
sentimentrader.com/blog/an-extreme-in-extremes/?utm_source=Daily+Report+Lite&utm_campaign=13beaa5de5-An_extreme_in_extremes&utm_medium=email&utm_term=0_1c93760246-13beaa5de5-1266740977

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Safe haven Gold doesn't seem to be agreeing to this drop after it hit its targets from the last daily bull flag

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Bonds could have a bit more to push

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VIX gave us a good heads up

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catching a bid at clutch levels

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And then there is the whole Repo market liquidity (or lack thereof) which comes in to play

mcoscillator.com/learning_center/weekly_chart/fed_pulling_back_from_repos_at_the_wrong_time/?utm_source=McClellan+Chart+In+Focus&utm_campaign=068361d997-email_cif_2020-02-28_fed_pulling_back_from_repos_a&utm_medium=email&utm_term=0_9e79f8200f-068361d997-151456849

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Hat tip to Jesse Stein @InsiderBuySuperstocks for the great analysis since Jan'20 and the below post from Feb.7'20

stocktwits.com/InsiderBuySuperstocks/message/193987197

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So far, right on schedule

Trade active

$17.00++ or 9% move in 1 session.....
Gotta take some off.
That's pretty intense....

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Juicy

Trade active

Enough vol in this mkt to make everyone happy!
To be this looks like the "B" is not going to be as strong as initially thought.
Got a test of the 220s on QQQ - could be it for now....

10ema daily seems to be keeping everyone in check across the board as we work on inside weeks for the most part

Bonds look like there is another push in there

Oil as well with the 10ema

Gold actually held the 50ma.
Strong mkt there

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Looks like this is what we may see unfold:

Another POV with volume levels and active historical prices:

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For chart above:
Although occurring a lot faster, so far it looks similar to the Q4 2018 #shitshow
A. Leg of ~16% down
B. Correction of ~50% of move
C. Leg that may reach ~20-25% total correction coming in to confluence with the fib extensions and the volume supports?

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ES_F tractor beam......

Trade active

CNN Fear/Greed printing a 3!
money.cnn.com/data/fear-and-greed/

IMO we are close to peak pessimism and craziness.
However perhaps not at the low print in prices yet

Trade active

CL_F very attractive at these levels
Oil has lead the market for quite some time.

$CL_F $USO very attractive at these levels

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Hard not to start buying these:

Weekly 200 in play on ES_F
Oscillators MAXED out across the board

1.618 extension reached on (182.51 pre-mky)

CL_F showing value

Justiceisfalse2

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