Looks like we got ourselves an IHS! High hopes ! High targets! Watch for crazy streaks to catch. Not financial advice.
NQ looks like it's heading to overbought, should hit it tomorrow. Probably some weakness as it gets rejected by the resistance but eventually it has to break through because the market is pumptarded, lol. Overlay is pretty much a guess, market appears to be trading on bond yields, and that's hard to predict. I might just look at yields and place day trades...
NDX has been forming a very interesting pattern since mid-February which is very similar to September-October price action. First, price formed a small bearish reversal pattern at the highs (Bearish Double Top in September/Bearish Head and Shoulders in February) which was followed by a >10% correction to the downside Following the sharp correction to the...
Trend: Daily/Weekly/Monthly: Mixed/Down/Mixed Levels given, scenarios mapped out. I consider this 3 instead of 4 scenarios. 1a and 1b are largely similar. 3 scenarios: 1a) Globex open and we rally, hitting my Friday's target 12939, before a pullback. We hit new lows at 12605, sucking in all the bears (all this should happen by Tuesday) before a rally higher 1b)...
NQ1! MFI went oversold, but we know it can stay that way for a while. AAPL looks weak too. Decided not to trade today, bailed out of PCAR calls. Probably just wait until Monday to see what happens. I expect more whipsaw next week. Friday afternoons are usually bullish, but there's never any continuity on Mondays so keep that in mind.
Popped right into resistance pullback retest. Will get rejected and head lower.
The pattern is no longer clean and reduces the chance for a clean break. The bond market reacted to FMOC with higher yields. This is in the middle of a range from my view and requires a bit of a wait for clear trending direction.
🔸 Leaning Towards Bullish after we see a pullback near 13140 previous resistance before pushing higher. 🔸 NQ Long Above 13175, PT @13250's, 13284 (Yesterday's High), 13350-13370's. 🔸 NQ Short Below 13134, PT @13100, 13000, 12938. 🔸 Make sure to wait for confirmation before entering.
It is normal for the markets to move in waves. The NQ one hour time frame is still in an up trend. The market is making higher highs and higher lows. It looks as if the market may be forming a low that could be higher than the last low before pushing up towards the Fibonacci extension. Looking for counter trend line breaks for entries will be a good idea when the...
Well, NQ sold off just as soon as I posted that it was overbought today, so you're welcome. Looks to me like MFI needs to go oversold before it bounces, not really sure which way it goes so posted 2 overlays. Asia quit pumping NQ so that's bearish. Market is getting more selective about what it pumps, so when in doubt, short garbage or something totally overbought.
wicked the neckline (supported by the 2-hour MBB) - on watch for the overnight session. This will provide an indicator for the front running sentiment before the Dot-Plot.
This is a perfect example of a breakout of a down wedge and the power it hold. You could have taken this trade on a breakout or a retest of the wedge. The target target price is equal to the widest part of the wedge.
Strange, Asians pumping only NQ, Dow and small cap futures are red, ES is basically flat. Should be overbought sometime tomorrow.
Trend: Daily/Weekly/Monthly: Up/Mixed/Mixed Hammer week but weakness persist. Expect it to lag SPX and RUT still. 3 possible scenarios:1) If 13027-95 holds, look for shorts targeting 12417-41 support zone. This zone should offer a bounce to 12771.2) We have a fast rally from open to 13275, or even 13621 zone by Tuesday or Wednesday, where we see a sharp...
This isn't a good sign, it's already hit my dip target and MFI is overbought again. Yields rising once again. Looks to me like it might break this next line again. Leaning bearish.
They're just ramming it into supply zone now, the desperation of the move up is clear. 13,300 is a good short area, I think we get a 5 wave down from there to 11,800.
I’m bullish overall for NQ- see link. But ii take advantage of a little pullback from breakdown of up wedge (though I would like to have seen a bigger candle or higher volume breakdown). Also I always look for confluence for support or resistance and you can this here.