This is a classic bull market—smooth and trendy. However, it has become a cautious bull, moving within a much wider range, similar to what we observed after March. Especially in July and August: For the Nasdaq, it was down by 17%, but it has since recovered within a two-month period. Is this good or bad? It really depends on how we've positioned ourselves. If...
When the Bank of Japan hiked its interest rate at the end of July, global markets went into turbulence. We will discuss what currency carry trade is, why the yen carry trade has caused this global volatility, and, importantly, whether the market will resume its uptrend. Micro E-Mini Nasdaq Futures and Options Ticker: MNQ Minimum fluctuation: 0.25 index points...
How will the market perform if either Biden or Trump wins? That should be an easy question to answer, as we can track the market performance on the first day each became President of the United States. Micro E-Mini Nasdaq Futures and Options Ticker: MNQ Minimum fluctuation: 0.25 index points = $0.50 Disclaimer: • What presented here is not a...
Today, I will share how I plan my trades for the second half of 2024. I am not trying to make any predictions here, as no one knows the exact day or hour. However, when a big move or turnaround begins, we will be able to recognize what is about to come. Micro E-mini Nasdaq Futures & Options Ticker: MNQ Minimum fluctuation: 0.25 index points =...
The March CPI was reported at 3.5%, higher than expected on April 10. This development triggered a sharp decline in the stock market, with a total drop of 8.5% from the recent high. Could this downward movement signal the onset of a major bear market, or is this sell-off simply a retracement, setting the stage for the bull market to resume? We will explore this...
4H short term bearish; medium term bullish; long run bearish so expect dump after all time high this time.
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & Unusual Market Volume Detector (UMVD) Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of...
It looks like NQ should break the weekly highs here and it should be looking backwards be a strong push ahead but because of the current market conditions this could simply be a liquidity grab before going back downwards especially if interest rates are raised next quarter. Would I swing here for the long run? Absolutely not! Wait for some kind of a confirmation...
So after yesterdays rip that was projected on our previous anaysis we also hit the resistance target and reversed as projected. As usual bullish news doesn't change how much money is available and willing to be spent on the market and often times just moves price to a projected sell wall faster and is followed by longer consolidation. The short move to the...
As projected in our previous chart the Nasdaq has seen quite a rip to the upside but like all good things it must eventually come to an end. Looking at the 4hr chart for MNQ we can see price has completed a perfect ABC measured move ending right high time frame resistance with overbought oscillators starting to show divergence on smaller time frames. Being we...
Looking at the nasdaq futures market we can see price has been down trending for approximately the last month. While this down trend will probably continue a significant squeeze / retrace of the trend at some point should be expected. The question is when would we expect to see this correction. This is an hourly line chart on the log scale for micro nasdaq...
10 minute lesson idea about using sizing for risk management and identifying high probability turning points in the stock indices and treasuries.
Depending on whether nq stays at this level until 12:48 there will be a 2:1 intraday short on the cards
As we sit right now it looks like the NDX might gap on the open. I'll be live trading streaming this week so tune into that, also update idea as week unfolds. If we start on the upside the zone what we're watching is the August 2022 4D key level at 13,639. A reach for the market would be the 4D extreme zone between 13,900 and 14,100 or so. On the downside we...
I know it's so simple you can't believe it! Is it magic? Is the Devil running the Stock Market!?! Nope, what you're seeing is the all-pervasive 50% Principle in action! www.investopedia.com "It states that if an asset drops after a price increase, it will lose between 50% and 67% of recent price gains before rebounding. " So over any given range, the retrace...
If you are short, stay very cautious. This base/bottom in the NQ may be the start of a breakout rally phase after months of consolidation below a strong downward sloping trend line. Far too many people are failing to understand the market dynamics at play right now. Shorts are getting slaughtered as the reversion/reflation trade is happening. Follow my...
If you trade the MICROS, like me, then you'll want to be cautiously aware of a key Flag/APEX pattern setting up in the MNQ. Any breakout above the PURPLE resistance channel may prompt a strong upside price rally after February 12th or so. Pay attention to the volatility over the next 10+ days as the ES/NQ/YM are likely to struggle and become wildly volatile as...
On this chart are the reaction areas for the NQ, MNQ, NDX at least for the first part of the week. I wanted to release this before the Sunday open because it might help for the overnight session. All levels or areas have short descriptions. I published this on a 30m chart (structure) because it really provides a good mix between my standard intraday (5m)...