Here is NQ chart I posted on other site. Main support is at 10940-45, resistance is a bit over 11350 If SPX is after the gap close of 3748 and holds 3744 on the closing level, then NQ should bottom around 10950 zone as well. I had 2 targets for the NQ 11094 and 11060, first already broken. LIS is at 11034 More updates to come
Nasdaq Weekly Volatility Analysis 19-23 Dec 2022 We can see that currently the implied volatility for this week is around 3.87%, DOWN from 4.12% from last week With this in mind, currently from ATR point of view we are located in the 82th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to...
After a crazy, news heavy week, I expect price to begin bullish, and end bearish. Next week, we have the Consumer Confidence, GDP, and PCE releases. It will be interesting to see if we do in fact see a santa rally to finish the year off. In ICT fashion, I expect the high of week to be made on tuesday / wednesday.
Pay attention to the very real possibility that the current GAP will be filled early this week as price attempts to find a base/bottom after last week's selling. I expect moderate volatility and a change of trend as we move closer to Christmas. Initially, we'll see some moderate downward price pressure, then we'll see a shift upward near the end of this...
CME_MINI:NQ1! A Head and Shoulders pattern was identified on the 4H timeframe. This pattern was identified in confluence with a bear flag pattern on the 1H timeframe. Price then broke just below the flag. I believe that NQ will see more downside. After I zoomed out further, I noticed that we spiked from a demand zone November 10, 2022. Perhaps NQ will retrace...
Everyone is bearish tech AFTER a 30% decline and just in time for the birth of the next great narrative: THE AI MEGATREND. This is arguably as important to future growth as the smartphone. It sounds crazy now, but think on it for a bit and I bet it starts to make sense. If you are shorting tech HERE, only God can help you. REPENT and ride this HATED RALLY to NASDAQ 20K.
Getting close to a maj support here. Wondering it this will close at it, then it will be super hard going into tomorrow. Either it gaps down and the trend is gone or the trend wins and at least we get a small pop
See Chart For Analysis. I like the area for buys on lower timeframe but i first need to see confirmation.
Markets are digesting the Fed rate increase and consolidating in an uptrend. Watch for Flag support near 3930~3932. Bias should still be BULLISH right now. Protect your capital as we move into end of year trading. Don't get aggressive with trades. Follow my research.
Want to buy a dip from the 2pm news for a rally into 2.25-35pm high I will short that high and hold into Fri
The reflation trade in the US stock market (Wave-5) is about to explode above the GREEN resistance line. Far too many people continue to believe the US markets will collapse on some Fed/Economic crisis event. What they don't understand is the US is in a different position right now. Yes, deflation trends may continue for REAL ASSETS (homes, cars, commodities,...
This big rotation to the upside, after the CPI number, presents a new $4018 support level on the ES for traders. The Fed rate decision tomorrow may send markets briefly below this level, but watch for a reflation trade to setup after the Fed comments. If my research is correct, a melt-up trend has already been established. I expect the US Dollar to melt back...
Yesterday, prices rose across the board, with Nasdaq 100 index rising almost 5%. This move came amid a dovish interpretation of Jerome Powell’s speech by the market. As a result, the abrupt price action invalidated our assumptions about the potential top of the bear market rally. Illustration 1.01 The daily chart of QQQ is displayed above. The yellow arrow...
Will it be a fakeout bull trap or a start of a new move up 6% or so Im short into tomorrow, thats my bet, I might regret it tomorrow, might not. My cycles project low on the 15th and the 19th, I have to follow my system
If Santa fulfills our wishlist this year, Nasdaq should sink into the orange target zone to hit the bottom of the orange wave ii, before heading back North to surpass the resistance at 12 145 points and continue the upwards slope. Should Nasdaq carry on with the downward trend and cross the support line at 10 636 points, it would activate our alternative scenario,...
QQQ Weekly Volatility Analysis 12-16 Dec 2022 We can see that currently the implied volatility for this week is around 3.44%, down from 3.62% from last week according to DVOL data With this in mind, currently from ATR point of view we are located in the 79th percentile, while according to VXN, we are on 40th percentile. Based on this, we can expect that the...
Here are the SPY Cycle Patterns for this week. Expect more sideways melt-up trending as we head into the Fed rate decision and key economic data. Traders will start to shift into early 2023 expectations this week (after the Fed). Check out my other posts. The markets are not expecting anything extraordinary right now - more of the same. The Fed rate decision...
#ES 60 Min Zones for this week. Support: 3912 & 3960 Resistance: 4018, 4058, & 4101 Trigger Zone: 3990~3995 I expect a melt-up to continue as expectations for 2023 settle into the EOY trends - likely attempting to break resistance at 4058 & 4101. Follow my research.