There is a long term trend going back to April - this has been tested multiple times. As we continue to make highs on divergences we can have an expectation of where we might fall back to. The maximum percentage over the trend line was 11% - we are currently at 5%. Perhaps we'll get to that 8% this upcoming week - this could be good spot to short back to...
I'm just gonna throw a random arrow at the next blue line because it worked last time (it's actually a copy of the arrow). Project to hit target Monday, probably one of those down Thu, up Fri, down Monday whipsaw pattern. TRead carefully if you're not already into some puts. Looks like futures may already bottom out and reversed for the night. All depends on...
Divergence here on the S+P at all time highs, right at the top of the rising wedge. We also have an bearish engulfing candle on the hourly Looks good to short down to the break of the rising wedge, stop at ATH
Here we can see a nasty bearish engulfing candle on a Friday with extreme divergence as well. We can expect a drop to at least the first support zone here from entry 11500. Stop at the ATH If the stop goes then great, what a great opportunity to go long
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POsted a pennant Friday, appears to have broken upwards, expect it to at least retest the top, if not break out this week. MFI moving up, rotation appears to be over.
Contract - CME_MINI:NQU2020 - High - 11294.50 - Low - 11283.00 Current Stats - Gap: N/A - Session Open ATR: 216.32 - Volume: 10k - Long-term (Daily) Trend: Bullish 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...
Upwards target is double top, downwards target is gap support from Wed gap. Ignore technical indicators, this is a 15 min chart
MFI touched overbought so I dumped my ULTA calls for a decent 1/2 day return. ES MFI also went overbought. Realigned the overlay, appears to be flat the rest of the day. Feeling a bit bearish but overlay indicates a Euro pump tonight because it's Friday tomorrow, lol. They'll pump futures to get past his double top. That's what always happens. I think they...
📍 The best move, since the highs are defended from the earlier developments is not really to get into the heart of the issue. Rather we need to discuss the configuration and how to build the trade around the freefall. LYV (Live Nation Entertainment, Inc.) is particularly exposed to pockets of further lockdowns which we are already starting to see in some states....
Contract - CME_MINI:NQU2020 - High - 11129.75 - Low - 11105.75 Current Stats - Gap: N/A - Session Open ATR: 235.27 - Long-term (Daily) Trend: Bullish 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 making your...
It's tracking my overlay and appears to be headed into oversold territory. I would expect a bounce even if it doesn't rally, but there's always a chance it can cascade and drop down to the next blue line. For now I expect a gap down (or sideways) tomorrow and bounce.
Shiller vs. Spx for Aug 11th, 2020
New overlay.... NQ MFI almost oversold, looks like RSI might be headed that way too. Then they pump again as usual. Dow and small caps are overbought, so if they drop, SPX and NQ will go with it... I think. Looks pretty bearish for the beginning of this week. Had some PCAR and AAPL calls over the weekend, flipped all of it this morning, AAPL on open, PCAR just...
A comparison of the SPX , NDX, NYA , BKX , & IWM indexes for August wk2 2020. 17:29:46 (UTC) Sat Aug 8, 2020
A lot of Acknowledgement today that SPX filled the gap from the February Crash - it was noted that 'its as if it never happened.' I sold today at the red arrow on the /NQ Futures - and I was considering where exactly to target so that's why I drew up this chart - thought it was worth sharing. As the /ES and SPX slowly grind higher and pulverize volatility...
This is the channel I have identified all along since March reversal. I have bought every dip and called it in my ideas. This upside still has new highs to make. Buying everydip since March had been a Win.