If you were watching the markets this morning or were caught unprepared for the huge CPI numbers (which lag), you were probably sweating bullets watching the NQ fall 400+ points in just a few minutes. These reactionary types of price swings can be very dangerous for some traders - especially right now. But, I want to alert you that the NQ has rallied nearly 200+...
If you have not been paying attention, this is a good time to learn about a support level many are ignoring. Yes, this support from 2011~2015, and the range I've drawn in BLUE, will likely prompt a relief/recovery rally (if support holds). If this support level fails, then we will see a much bigger breakdown in the markets over the next few months (before the Fed...
Hi Traders, This is my view for this week on: - SP500 and NAS100 - EURUSD - USDCAD I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. I really hope you liked this content and I would like to know what do you think about this analysis, so...
I want to see at least 3% rally into Wednesday am max, ideally all tomorrow
Nasdaq Weekly Forecast 10-14 October 2022 We can see that currently the volatility is around 5.08% for this week, falling from the 5.14% from the last week. Currently there is around 23.6% that the asset is going to close either above or below the channel: TOP 11636 BOT 10500 The current volatility percentile is around 90th, placing us in very risky environment....
The price reaching a retracement area and a group of weak candles, which indicates a rise in the price
AMEX:SPY On this SPY 30-minute Chart I point out candlestick patterns, trendline breakout and volume spike leading me to conclude that SPY is due to reverse to the upside. This appears to be a quality long trade setup. See the link for my other similar idea at the far bottom. Trade well and often !...
Faceplace is really getting it in this bear market. After looking like it might finally rebound, we are seeing a clear indication of a bearish consolidation pattern which can be used to initiate short positions and limit risk. Even though this looks golden, I do not pretend to know what is going to happen, so I always cut losses when positions move against me.
I have my MNQ set to cover at 11240, will start buying in that circle on the chart
Like an onion, the Nasdaq-chart currently features multiple layers, and the index has processed them all. Hence, there is a 40% chance that it could directly continue the ascent it has already begun and climb above the resistance at 13740 points. However, we rather expect Nasdaq to drop below the support at 10890 points and thus to dive deeper into the blue zone...
Watch this triangle to break one way or the other. Im still looking for lower into tomorrow
Got some new followers for some reason. I continually forget that I have this account, but I thought I'd share what I'm looking at on the NQ in case anybody finds it interesting. I take trades on lower time frames, actually I use volume charts, which isn't technically a time frame, so it's not really important for me to look at things like hourly charts besides...
morning was great but keeping with this moves is hard. Yeah, bear is failing to hold levels.
This past week's trading was a good refresher course on what bear markets actually trade like. As opposed to dips during bull runs that suck to short and aren't so scary to go long on because price action continually rips back and makes highs, bear markets will take out a consecutive series of downside lows while terminating virtually each and every rally. At...
I find it very interesting that my Cycle Patterns predicted the following more than 2 years in advance of this move.. 9-26: Breakdown 9-27: Harami/Inside 9-28: CRUSH 9-29: GAP Potential 9-30: Top Resistance 10-1: Consolidation 10-2: Temporary Bottom 10-3: Gap Reversal 10-4: Breakdown 10-5: BreakAway 10-6: Rally 10-7: Carryover 10-8: Bottom 10-9: N/A 10-10:...
For few days I think NQ will be bullish but watch out for fundamental news, as the dominant trend is still bearish
NQ same as the ES is bull flagging, ideally we see 11140 or a bit lower and then another push up