Posted this chart last night with the notes to watch the trendline (black line) break otherwise it can extend, it did extend right into the top of the box. Im shorting/adding at 12150+ or on the break test of the trendline
Since the latest CPI print NQ1! rose approximately 9%, with most of the move-up being manifested right after the release. The move was accompanied by high volume; however, on Friday and Monday, the volume declined substantially. This continuous decline in volume hints at exhaustion and potential reversal. Therefore, we remain very cautious. To support our...
That trendline (black) is what Im watching for the NQ to get a confirmation of a breakdown, without it it can extend higher. Needs to break the line, close 1h under 11735 and re-test the broken trendline to confirm the top. As stated before, Im going to reduce my protective longs by 50%, if we gap up tomorrow, already started here. BTW one important thing is...
Short term Elliott Wave View in Nasdaq (NQ) shows an incomplete bearish sequence from 11.22.2021 high favoring further downside. Short term, rally from 10.13.2022 low is unfolding as a zigzag Elliott Wave structure. Up from 10.13.2022 low, wave A ended at 11734 and pullback in wave B ended at 10636. Wave C higher is in progress as a 5 waves impulse structure...
if big news not come , nasdaq upper target is fibo 61 12500 so be careful from sell if you have old sell you must close all above 11525 and after pinbar come pick buy and hold 7-8 day wish you win
With the barrage of disappointing earnings and the FED rate hike scheduled for today, we have very little to be optimistic about for the rest of 2022. Our reasoning is based on the persistence of high inflation and interest rates poised to stay here for much longer than many analysts initially expected. Therefore, we believe it is a matter of time until something...
Over the past few weeks, there were quite a lot of things happening - “the market bottom,” “crypto bottom,” “trend reversal,” and so on and on. Again, people rush to make hastily conclusions as the market turns from extremely bearish to fearful of missing out on the real primary trend reversal. Before the CPI, we came forward when QQQ stopped its decline 0.11$...
Nasdaq Weekly Forecast 14-18 November 2022 Currently the implied volatility for this asset is around 4.28%, down from 4.41% of last week. From volatility percentile, point of view, we are currently on 75th from ATR and 67th from VXN index. With this volatility percentile values into account we can expected on average that the weekly candle is going to be: 3.41%...
The incredible rally last week as traders flooded into US & Foreign market assets. The US Dollar rolled downward. Cryptos blew up and continued to tank. Traders are assuming inflation data will continue to trend downward and are viewing many foreign assets as "undervalued". You have to attempt to understand the psychology of the markets/humans and the seasonal...
Watch this candle close. The vol is average, hunt for liquidity is whats happening out there. Remember the latest Crypto move, it went up first right, the rest was history! Now how many of you forgot what just happened with crypto is last 2 days after that move up? People tend to have a short memory. Nov will be a bearish month after Oct bullishness. This is...
Will have a tight leash on this one I want to see a move down to 11410-400 and ideally 10343 if not more, might not be all in one day but who knows. Also watching for the shooting star formation in case we get a sell into the close UVXY is in IHS
Support lines are on the chart. Im not heavy shorting as Im waiting for a pump from the election results, ideally we get one for the pre CPI announcement Ideally we close on the lows, can setup a strong gap down for tomorrow's open, Oct 13th like
The NQ one hour time frame is in a down trend and has a down Fibonacci. Entry: Counter trend line break bearish in the sell zone. STOP: 11488.75 LIMIT: 10556.00 Once or if the market provides the one hour entry. As long as the market stays in the sell zone. It will be a good idea to turn to the five minute time frame and look for chandelier traders /...
Hi there! Type of trade: short Timing: RTH Targets: ~3740 (today's volatility is 80) We have two auctions: the upper one (3900-3835) and the lower one (3798-3723). I guess that we will not be able to return to the upper's auction until the CPI data is released and return to the lower's auction.
NQ is in bear flag, as long as it holds those highs it should see lower lows imo Simple distribution and premium kill all day. All the money seems are made during the open, now algo game I would not do options, unless in and out as those loose value quick VIX closed its gap and still in consolidation mode. Ideally we bottom in Nov and see a good rally into Jan...
I continue to post these SPY Cycle Patterns as a way to help educate and explore my research/results. The interesting part of this research is these patterns originate at an anchor point nearly 5 years ago and continue to produce valuable predictive results for each week going forward - all the way out to 2028 and beyond. Why are they so important? Because...
ENDING DIAGONAL BLACK EWT COUNT My primary analysis is the SPX Futures have been mired in an overlapping decline that will conclude on an Ending Diagonal provided we head to new lows soon without breaching the 3928 level first. I will admit my primary analysis has come perilously close to invalidation (as is the nature of Diagonals). Additionally, my black ED...
I missed am rally, exited one long from yesterday at the open and didnt re buy again, was too slow Now I have added back to my swing short here (some was sold at my 645 and 685 levels I posted yesterday) Watch that bold support line, its a very important place for the price! Congrats to those who took a long this am! I was saying about this rally yesterday it...