Watch this bear flag to break and we see 11165-35 very quick. Main support is at 11234, breaking that will flush quick I have the price down to even 11050-60 level. Very important to hold here. My thinking is we sell off into the open and move up after Powell speech tomorrow am Today's action off the low could be another trap for the perma bulls to call it the...
Here are the support levels to watch: - 11167-75 (My target for a while) - 11058.50 - 10656.50 Maj Resistance is at 12260, above and it will squeeze back to 14k imo But the pressure is still down, Oct should bring 10k zone imo. My plan for tomorrow is buy am lows Have a good night
$NQ - C'mon! One of my favourite indices, enjoy my outlook...! Key support...Hard or soft landing?! Best, TJ
SPX daily chart with long term Regression channel, 3405 days, with +3/-3 stdev bands. The Comfort Zone is the reddish area located between +2 and 2 stdev, where at least 95% of price occurrences should occur. This chart shows that the uptrend that started on June 16 failed to break above the +1 stdev line. The mean served as support and allowed a small bounce...
Recently, QQQ reached our price target of 290 USD. Therefore, we would like to update our thoughts on the asset. We continue to be bearish due to the persistence of fundamental and technical factors. Indeed, we think the U.S. stock market will continue lower. Accordingly, we maintain the price target for QQQ at 280 USD. Our price target for the Nasdaq 100 index is...
Nasdaq Weekly Volatility Forecast 26-30 September Currently our volatility for Nasdaq is at 4.55%, increasing from 4.03% last week, located on 80th percentile, placing us in a high volatility environment Based on the previous calculations, there is currently a 15.3% chance that the asset is going to break the channel(the weekly candle it will close...
Here are the new cycle patterns for next week and beyond. Let's see how the market react to the Excess Phase Peak Phase 3 support (June lows). Failure of this pattern at this point could prompt a big move higher. 9-23: Momentum Rally 9-24: Rare – Major Reversal 9-25: N/A 9-26: Breakdown 9-27: Harami/Inside 9-28: CRUSH 9-29: GAP Potential 9-30: Top...
Hello ladies and gentlemen, according to my chart analysis of Zn 10 Year T-Note Futures There Is a Strong Sell With High Probability 107.05 This is a next level in a Few Days.
QQQ down in the range of the June lows on the 30-minute chart appears to be in a falling wedge pattern now with two green candles in a trend breakout from the wedge to close out the week. The volume indicator shows a corresponding volume spike. Are short-sellers buying to cover and take profits? Are new buyers taking a buy the dip position? What is your...
Let's dispense with the Master O' Obvious stuff straight away. Pick an Adjective - it won't rhyme with Bullish. It may, however, be cringeworthy. NQ below 200 W SMA. What lay ahead remains up to 3588 for the ES Futures, *Note the 200SMA Weekly is just below this most important of level @ 3585.55. Powell - simple... NO...
Haven't posted for a while as I have been waiting for a setup. NASDAQ is near the 200 week moving average which has supported the price in 2020 and before that 2010. Fundamentals are ugly, as they were when it hit this moving average in 2020. Long above the line, short if price falls below and forms a setup with structure.
Its getting close, should hit next week. Its still not a place to be long imo, we are still in a rabbit hole SPX can see 3200 level next month! Powell damage control is here, dont get trapped if we go up into the close BTW here is a link from days ago, you know where the price is now
My cycle patterns suggest a rally phase is likely over the next 7+ trading days - but, the trend is very bearish today. It is almost as if the markets are flushing out stop levels - actively seeking a support level near the June 2022 lows. It will be very interesting to see how the market ends today. If we see a big recovery rally into the close, it may support...
That means the SPY should find immediate support (after it appears a big GAP downward reflecting Europe's recession concerns). Here's a little hint: Bitcoin will likely rally along with the SPY/ES and others over the next 7+ days. The strength of the US economy/US Dollar may drive global investors into US assets and safe-havens throughout the end of 2022 -...
Growth, Employment, Inflation - aka what's left of the Economy. 1. Employment - seeking roughly a reduction of 12 Million Jobs. 2. Growth - reduction of 50% for S&P 500 from Highs. 3. Inflation - Leads until Rate Lag breaks everything. _________________________________________________________________________________ Capital Stocks Powell - Bonds are...
Is it really that hard to believe that tomorrow could shift gears and move into a moderate momentum rally after the Fed raised rates 75bp? What I find incredibly interesting about these patterns is how they can paint a very clear picture of the opportunities and shifting market trends. Each day is clearly defined (except for the N/A days). Each day paints a...
Jackson Hole, CPI, and FOMC are rearview. Are you a Dip Buyer - with Powell stating the FED is on the low side of the Target Range? That is a suicide, assured. See Chart - the obnoxious Bots are far more intelligent than us and gaining further ground exponentially. We closely observe their programs daily and make adjustments among our small group of live...