There is H&S on 4h timeframe and quite visible C&H on 1h Tomorrow the price is set to get above or below the range. Can it it a squeeze into CPI or we finally get below 11400. Below 11400 will bring 11200 as next target. NQ is the most bearish looking chart compare to ES and DOW 4h chart coming next in this thread
Unfortunatly NQ dont want to go higher so i need change BIAS for short according to rule that everyeach accu look like distribution and oposite. So i found redistibution on Daily TF
Check the vol of today's move, its nothing! Typical Fri low vol grind If the price stays elevated, we should grind up into Mon am. But I will not be long if it will be a wall move into the close (last 10-15 min big up candle). I have a turning day on the 12th, will it be a strong move down or a gap and crap, I dont know, but we are getting close! I have a short...
$NQ - What an interesting area! We are at key support, lets see if these levels hold - if they don't as recession fears grow...I'd expect it to go towards the next support. Enjoy, Trade Journal
I dont want to see that support box broken. If it breaks next level will be below 11400 Im long some ES and about to start NQ longs Mind your sizing on long size, its a bearish trend day, ideally we reverse into the close
-price inside pivot point 4hr demand -Price above 200MA -looking fro buys -a lot of retail traders have this area on the chart so I would be a little concerned about that and could see price go below. + price has been going nowhere but up for 45 days so a pullback is healthy. -Need to see lower timeframe confirmation.
$NQ - Looking clean! A break to either direction...You must understand the theme today, we wait with patience until a direction is proven! Another day, another great opportunity. Trade Journal
In my eyes NQ and RTY are stronger then ES at this moment, which is kinda strange to me as it was the leading for the whole move down since ATH. Support held today (tomorrow's support box). Ichimoku cloud (not shown here) is in a thin area, so it has a weak support and can break below the lows to finally catch up with the ES. There is similar bull trendline as...
As the global economy continues to recoil after the US Fed rate increase - watch for the USD/DXY to find support above 103.70 and flag sideways/higher over the next 15+ weeks. I suspect any continued Fed rate increases will put further pressure on global markets/currencies and drive foreign investment in USD assets throughout 2023. Yes, the US economy is...
Nasdaq Weekly Volatility Analysis 5-9 Dec 2022 We can see that currently the implied volatility for this week is around 3.72%, down from 3.95% last week according to VXN data With this in mind, currently from ATR point of view we are located in the 74th percentile, while according to VXN, we are on 41th percentile. Based on this, we can expect that the current...
I love the fact that traders are messaging me asking questions regarding my SPY Cycle Patterns. Thank you. I hope all of you are starting to see some value from my research and using it to profit from some of these moves higher. Right now, and probably until next week (Dec 12 of later), the markets will probably slide into a fairly volatile sideways melt-up...
4 Weeks of consolidation within a bull flag formation. The bull flag pattern default outcome is a new leg up. A breakout may unleash enough energy to reach the resistance marked on the chart. A failure to put a new leg up is the pattern failure that opens the door to retest the bull' flag pole origin. The market needs a catalyst to resolve the flag. High odds...
Stopped at the first support, needs it to break to break the diamond pattern I will post the diamond pattern NQ is currently in later when I have my computer on My timing showing a high on 5-6th and then down into OPEX at min It’s Friday, usual your money taker day, if in profit, take it and go enjoy your life and family!
Posted this chart a day or 2 before, the support held so well! Now watching the resistance Placed a medium support for tomorrow, NQ is at resistance now, breaking above will get to the resistance box Im not shorting this! For now
Far too many people got burned over the past 24 hours by betting the FARM on the Fed coming out Hawkish. I was chatting with a guy on Twitter last week about his call for a deep selling phase (possibly reaching COVID lows) in the US markets. His followers got burned by today's move (some really badly). You have to shift with the market trends and prepare for the...
SPY has retracted to the fib level of the mid August to mid October downtrend. IT has stalled at the .618 Fib level while the MACD and RSI indicators are showing bearish divergence. All in all this foresees an end to the bear market rally. This seems to be a good entry for put options with near term expirations. Stop loss of 5 and targetting the Fib Levels of...
Since its recent peak on 15th November 2022, the price of QQQ drifted lower by about 4%. Currently, it trades for around 282$. We continue to be bearish on the Nasdaq 100 index and pay close attention to market developments. To support our bearish thesis, we would like to see QQQ continue to hold below the immediate support/resistance. Additionally, we would like...
This week, I expect a bit of a sideways melt-up before the Dec 7 start of the Santa Rally. The markets are digesting the post Thanksgiving trends and may continue to stay in a fairly narrow range over the next 7~10+ days. I do believe a critical Fibonacci inflation point is likely before Dec 7~10 - prompting a moderately strong Santa Rally phase to...