NQ touched overbought and AAPL and TSLA can't seem to go green premarket. Looks bearish, another pump and dump perhaps?
Not sure when this will drop, before or after the Fed meeting.....
Tomorrow is Thursday, the weakest day of the week.
Contract - CME_MINI:NQZ2020
- High - 11463.50
- Low - 11446.25
Current Stats
- Gap: N/A
- Session Open ATR: 313.97
- Volume: 31k
- 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...
Contract - CME_MINI:NQZ2020
- High - 11304.75
- Low - 11262.50
Current Stats
- Gap: +0.03%
- Session Open ATR: 317.14
- Volume: 19k
- 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...
📍 S&P
This illustrates the total downside unlocked in S&P in the 5-3-5 sequence, but also note how unlike the Down the lows are set to hold. An innovation play. Tech avoids the development of destruction because 2,368 looks pinned and unavoidable for a test. As you can see the small caps => mid caps => large caps as usual in the end game flows.
Dow:
...
Contract - CME_MINI:NQZ2020
- High - 11180.50
- Low - 11082.75
Current Stats
- Gap: +0.27%
- Session Open ATR: 327.46
- Volume: 20k
- 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...
Nasdaq 100 CFD: There are some important technical points to consider before starting off the new week. The 10,950 inflection point was a previous resistance and is now acting as a new support. While it is not a major level, this is a very risky point to be short this market or tech stocks at least for the early part of next week.
There is a short signal in...
Unlike the initial COVID drop, the algos are still in control. All I can gather is that the algos are still doing the pump and dump, but there are no buyers when they dump.
We got a bounce yesterday because RSI got oversold, and we dropped today because MFI got overbought. I don't expect a bounce tomorrow simply because nothing is oversold yet.
Be careful...
Looks like the rally is done for the day, but no indication of gap direction for tomorrow.
My 2108 AAPL chart which has worked well says gap up then a drop tomorrow. Indicators show nothing to contradict that, so that's what I'm expecting.
No overnight position except couple of earnings plays.
TSLA is a small range , great RR play on the break of the range on either side.
Break and hold above 370 for a test of 400
Break and hold below 348 for a test of 320 and lower
My primary bet is for a short continuation if i had to take one, open for both sides of play
We saw that tech had led the majority of this rally, retail or not. the tech rally was the center of attention. Which is focused around the largest tech companies we all know.
Facebook, Amazon, Netflix, Google, and Apple. Together they have a Market Cap of over $5.6Trillion. Making up over 35% of the Nasdaq Index. If we include the honorary FAANG member,...
Contract - CME_MINI:NQU2020
- High - 11028.50
- Low - 10935.00
Current Stats
- Gap: 0.34%
- Session Open ATR: 298.63
- Volume: 52k
- Long-term (Daily) Trend: Bullish (Short-term 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....
These charts show how NDX cleans up unfinished business and the SPX is not.
This is also true in /NQ Futures vs /ES/ - which makes it easier to trade as of late.
Personally I enjoy trading the NASDAQ more than the SPX or its derivatives.
The NQ will let shorts out - added volatility creates bigger ranges for swing trading.
What really matters is the NASDAQ is respecting Points of Control and Gaps more than the Spoos. The S & P still has three unfilled gaps from August the NDX has none!
Todays price action was nothing...
