The powerhouse of stock, TSLA, has been getting hit hard giving a great opportunity to buy on sale. currently we can see that its in a pennant on the 1 HR and but decreasing TTM_Squeeze and possibly a bearish cross on the the MACD. Given that the market seems to want to continue upward I think Tesla will help push it. Waiting to see how tomorrow moves, If it...
Not really tracking any overlay I can find. I expect it to drift sideways then pop, but it could just melt up. I don't see an opportunity to short until it hits the pink line. The only thing you can do here is daytrade based on expected direction, I flipped some calls today. Probably not trading tomorrow.
The NQ one hour time frame broke the down trend line and entered into the buy zone. The market is now in an up trend. The goal is to look to buy low prices in the buy zone towards the daily up Fibonacci extension price point 14895.50 Entry: Counter trend line break bullish in the buy zone. STOP: 12559.00 Short term limit: 13433.00 Longer term limit:...
Nasdaq looks to be respecting upper trendline resistance. Look for excuses to get short. RSI giving me nothing.
Not a good sign for tomorrow. If you're bullish, wait until tomorrow, if your bearish maybe buy some puts EOD
I have entered long ar 12733 I will explain more soon but I want to put this up.
Hello Traders, NQ is looking to consolidate within a minor resistance trendline that has been holding for nearly 6 hours now. Breaking above and holding the trend and we'll retest yesterday's highs @12850-12860's. Under 12720's and we'll find a retest of the previous resistance near 12610's previous breakout. Long Above @12795 , PT...
this is one of probably many possible scenario's for NQ you reach a new all time high. Though it is still far away from even establishing a new up trend, if it does break out to the up side this may be the path. I may be putting the cart before the horse as breaking an established trend takes a lot of energy. Also you can see some bullish divergence forming. I'm...
People keep asking if the tank is over... I dunno, but here's an overlay of last Sept.
Only index future where MFI did not go overbought. Not really sure what to make of this... Not chasing it though, maybe wait until tomorrow.... and short if it does go overbought?
NQ in particular due for big pullback/correction as tech sector is severely overbought. Reasons for further downtrend - descending wedge which may likely hold price action for quite some time. bottom edge of wedge is lower side of parrallel channel. - descending triangle which is a continuation pattern very often. - weak pivot. - incredible RR ratio. - with trend trade.
NAS continues to work through the confirmed 8 hour H&S . Echoes of the pattern are moving through technology with multiple confirmed H&S patterns on the board. On the right side of the screen shows NAS price fade off the channel fib bumper and roll-over, onto the consolidation channle. On the look out for premarket liquidity rampsand subsequent distribution at the bell.
Looking bearish now.... A/D going down. If it goes down, no bounce until it's oversold again....
Get ready, QQQ about to take off vs the others. Here is the QQQ vs IWM chart.
Nasdaq 100 has broken the inner support levels... This is one of the last support levels I see. If the market breaks below here, we could see a larger than normal bear push... If the buyers are to take control, now is the time. I plan on watching the one hour time frame to see if the market can push into the buy zone.
No indication of direction at all but yields are up again
Faded the gap on AAPL for beer money, but didn't stay for the tank, lol. Oh well. The play of the day would have been TSLA put son open,. Wow, Too late to chase it. In any case, we got the double bottom I promised. yields are actually going down, so I think the market bounces in the afternoon. Overlay shows that it could gap down Monday anyways, so staying...
NQ has confluence support and hit the 12,200 target. It is a good long here