Anything can happen but this week was a big week for me and trying to figure out what the market wants to do. There are just so many signs that say down I felt like I needed to post an update. Let me know what you think in the comments!
Nasdaq was the leading index this year and we found out why pretty recently. The FAANG index was being propped up by nonother than SoftBank with a $5Bn options positions on big tech. SoftBank got their hands on OTM calls for big Tech which did a few things: 1) Forced the options market makers to hedge the position against them meaning they had to buy the...
Contract - CME_MINI:NQZ2020 - High - 10829.25 - Low - 10785.25 Current Stats - Gap: NA - Session Open ATR: 328.71 - Volume: 59k - Long-term (Daily) Trend: Bearish Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of...
OverBought conditions and a substantial failure to maintain new highs, dint get a secondary test, that show a Lack of demand on the NASDAQ, Bc and AR reactions Results in a range bound conditions Cause Building Needed Change of Character reaction into Demand Line
After falling to its lowest level in almost 2 months the Nasdaq managed to bounce and print a bullish hammer on D1. Longer term uptrend identified by D1 Ichimoku cloud remains in tact. Market leaders Apple and Amazon also showed positive price action. Entering long with SL at 10610, targeting a move back towards prior highs around 12450.
Contract - CME_MINI:NQZ2020 - High - 10985.50 - Low - 10955.00 Current Stats - Gap: -0.13% - Session Open ATR: 323.45 - Volume: 35k - Long-term (Daily) Trend: Neutral Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully...
we have a spring box or we can say squeeze that's mean . the market will go up
This is why I said I'm bearish for Monday, and not going long over the weekend... Chart pattern looks incomplete despite NQ being oversold. ES, YM, and RTY did not go oversold yet. Afternoon rally appeared to be all short covering, every stock with high short interest (W, TSLA, BGS, etc) finished green. Overlay is 2018 end of year tank made to fit. Patterns...
Contract - CME_MINI:NQZ2020 - High - 10939.75 - Low - 10852.00 Current Stats - Gap: N/A - Session Open ATR: 324 - Volume: 35k - Long-term (Daily) Trend: Neutral Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of...
Short term sell setup, target around 10,500!
So essentially Short if after open it goes to H3/Pivot FIRST. target the L3 (tp some and maybe beyond but take some profit) Long if it goes to L3-L4 first. and stop loss just beyond L4. Target H3/Pivot (same thing but opposite. do this if it is the first move post open
We have a high probability that NQ will rise. And specially if the vwap and the first resistance is broken
Looks to me like it's headed to oversold again because the algos don't care about price levels or "support". Support might hold today, but best guess is that they gap it down with futures Monday. The market can't go up until AAPL gains traction, AAPL is the market, Keep an eye on it. I've got NKE puts for earnings but I pretty much lost every earnings bet so...
Contract - CME_MINI:NQZ2020 - High - 11099.50 - Low - 11050.00 Current Stats - Gap: N/A - Session Open ATR: 315.79 - Volume: 51k - Long-term (Daily) Trend: Neutral Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable...
Nice tank, my puts are happy. So NQ already bounced off of oversold, MFI is way oversold. Flipping my puts on open. There may be a little more downside because ES MFI is not oversold yet. I guess I should plot that for you guys too. In any case, not chasing this drop. Also, there were a lot of open gaps on this drop, so we may see another bounce up soon,...
Contract - CME_MINI:NQZ2020 - High - 11289.50 - Low - 11242.75 Current Stats - Gap: N/A - Session Open ATR: 321.22 - Volume: 56k - Long-term (Daily) Trend: Neutral Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable...
Honestly, I thought we were going to double top.... Not saying this is going to happen, but if NQ breaks support, the next real target is the old top. If you;re super bearish, the index has thrown a huge megaphone, and the target is the bottom orange line. THe only way I can see that happening is if Biden gets elected, so don;t go around buying weekly puts...
Asia dropping, but NQ hit support and you know the Euros will bounce. Wouldn't be surprised if the market gaps up on unemployment numbers again like last week, lol. One of my followers pointed out the open futures gap from Sunday night. That needs to be filled so we're headed down there, question is when..... tomorrow, Fri or Mon? Ignore the indicators, this...