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...
Short term Elliott Wave view on Nasdaq (NQ) suggests the decline from 8.17.2022 high is unfolding as a zigzag Elliott Wave structure. Down from 8.17 high, wave A ended at 12017.75. Wave B ended at 12986.74 with internal subdivision as an expanded flat. Up from wave A, wave ((a)) ended at 12461.50 and dips in wave ((b)) ended at 11921.50. Wave ((c)) higher ended at...
I want to see a final move down after FOMC, maybe lasting into tomorrow and then up into the 26-27th high. On the other hand it can just blast of making a higher low to suck more bears in and stop the longs. Make your bets, today will be volatile. Main trend is still down. Im looking for a high on the 27th and sell hard into the EOM in Aug like move
FOMC @ 2:00 PM EST reaction will see one of 3 Events: 1. 75BPS is priced - leading to a move higher to recent intra-week Highs. 2. 75BPS is priced - leading to a tighter range into Powell. 3. 100 - 125 BPS is not priced - leading to a breakdown and a VIXplosion to 31 and VIX Curve inversion. Powell's conviction @ 2:30 PM EST sets the Equity Complex in...
Here is how NQ is different then the SPX just posted
The price rejected the test of the broken trendline - perfect kiss of the death pattern. My thoughts about a fakeout were too optimistic, I was looking to add to my NQ short at higher levels and it didnt present an opportunity. Main target for this move is 11175-85 and possibly much lower. Try not to day trade this, unless you're quick with taking profits and...
Weekly Engulfing Charts are clearly not a preferred look for the Buy Side and those riding the Bullish Tilt-O-Whirl - Bodies are being flung everywhere. The Dollar is doing its thing, it ran to our PO at 107.65 with a 107.67 print and reversed yet again. it's been a pattern as the EuroDollar continues the ties that bind, Dollar shortages create demand until the...
Check the broken to the downside trend channel re-test NQ is having now. So far its riding it from the bottom. I wont count out a fakeout move up to 12150-60 or even 12240-50 and then going back below the bottom of the trend channel. Support is at 11900 for tomorrow long try. If we see that level during the open time, I will be taking long for a 100+ points ride...
Nasdaq Volatility Forecast 19-24 Sep 2022 The current implied volatility is +-489$ from the current opening of the weekly candle, 11920$ With this in mind, we have a 80% chance that the market is going to stay within the range: TOP: 12400 BOT: 11430 At the same time, we can see that the average weekly candle, is around 2.4 - 2.68% From the technical analysis...
As much as I believe in "Don't Fight The Fed", I'm starting to think the bottom for the US markets (Technology/SPY/QQQ) may be much closer than some people think. My cycle research suggests a 2022.5 cycle pattern (late in the second half of 2022) is highly likely. Have we seen that yet? Maybe. Maybe it is the recent bottom in June 2022 and the change of...
NAS100 USD NQ1! NASDAQ 2022 SEP 19 Week Hope you had benefited from the long trap alert from last week for a fruitful short opportunity. Temporary support at the 11772 - 11917 zone. Possible scenarios: 1) Short if 12234-12080 is resisted 1 extension) Longer term Short Target = 11068-10360 2) Temporary Long on support of 11772 // 11916 Weekly = Higher vol...
i dont know how SEO for tradingview works... I posted about the buying before the friday close when nq had dropped to 11800 and everyone was extremely bearish... i posted this idea which you can see here but its not ranking; hence I am posting this again we have broken below sept 7 low.... the sentiment is extremely bearish but the evil plan is to take the...
I have a main support at 11680-650, then 11500-480 There is also a 1.618 extension at 11736 Looking to cover at 680 zone and start going long The plan for today buy lows and hold for at least few days DO NOT GET TRAPPED Today!!! Dont short this whole today!
The 30:10 Treasury Bond Yield Spread is a simple Ratio difference between the 30-Year Treasury Bond Rate and the 10-YearTreasury Bond Rate. A Large exodus from high Beta/Rho correlated Assets to perceived Safe Havens. Presently the best-performing and most stable Asset of 2022 has been Cash - The US Dollar Index was 94.63 in mid-January to a high of 110.78 - a...
I expect the nasdasq this week will go a little higher to fill the FVG on 12925$-12658.25 and then the market will resume h'es drop down to take the liquidity below the last lower low 11921.50$. tell me your thoughts in the comment section Thank you
As you know, I have these setup 4+ years out into the future and continue to identify new RARE and UNIQUE patterns as time allows. I'm even up to 5~6 bar setups in some of them. Yet, next week shows a very interesting set of Cycle Patterns... 9-19: Inside/BreakAway 9-20: BreakAway 9-21: Carryover (Possible Reversion) 9-22: Inside/BreakAway 9-23: Momentum...
Today will likely be a carryover of yesterday, setting up tomorrow's TOP pattern. Because of this, I expect a bit of a rally phase today (rebounding off the lower support channel) and possibly attempting to move above 395 if there is substantial buying activity. Yes, the Fed decision is near, but traders are still using the US equities market as a hedge against...