In this update we review the recent price action in the nasdaq and identify the next high probability trading opportunity and price objectives to target
Updated chart Needs to hold the broken trend channel, ideally we re-test the broken down zone of 260, might not get as far if this is for real. Has to take 188-90 for the 260 become next main target New target to hold is 12030+- Very important to hold! I dont want to be in a crash mode, but no one expects it makes it more probable. So be careful! P.S. I like...
Looking over 20+ years back. Pretty self explanatory.
2 days straight, this is about to break, must hold and gap up from here, or we go down much lower into 12000-30 zone SPX closed not great as well, in the support cluster zone, tomorrow is a turning day, so can gap down and reverse into the 5th high. I have already mentioned a possibility of a crash move, have to be super careful!
Needs to continue here and I want to see 12700 on this move up, otherwise its going to break next time we test it!
ST Trade idea $NQ1! Break out to either direction, we do have ADP very soon... ENJOY! TJ
What a mess, a very violent and choppy mess of a Market. Let's see if they can recapture the 377... It's a Buy/Sell Hall of Mirrors with the 1 Hour Death Cross being a 199/377 2X affair. The Range continues to expand - from 388 to 404s For the ES - 3910 to 4120. NQ - 12070 to 12714/12818 ________________________________________________ The week is young,...
To confirm the failure of the pattern, use pullbacks or the failure of an important level to take a position CME_MINI:NQ1!
Got this again right when people were doubting last week of this happening with permabull calls! Im all out of short and long here, ideally we re-test 12650-700 and maybe even 13300+ Also long with lotto calls.
Honestly thinking we are in a strong downtrend here until mid terms are over, after that I would expect we start w3 on the HTF. Leading the tech sector into the final 5th wave into 2023.
In this update we review the recent price action in the us100 nasdaq and identify the next high probability trading opportunity and price objectives to target
One more target to go, will be great to have it all next week to buy longs from there
Looks like a nice buying op soon off the 618% retracement level after 5 up have been completed. If my count is correct the 618% should hold as support for the HTF B wave and lead us right into wave C. Not sure if wave C goes all the way to $13.50 or ends up being truncated. But upside looks pretty juicy for a short term trade.
8 Minutes and 49 Seconds: "The Federal Open Market Committee's (FOMC) overarching focus right now is to bring inflation back down to our 2 percent goal." "Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance." "While higher interest rates, slower growth, and softer labor market...
Friday was rough for Traders' offsides. I'm reluctant to even state the obvious at this point as it is self-evident. If you were on the incorrect side, feel for you as it was an insidious trap. In conversations with Traders, the large majority were Buyers for Friday. My bias was lower and a Negative close as SPX buyers had positioned for the Kill. The Falcon and...
2 more targets to go, ideal target is at 12300 or so Any bounce is the short now Have a good weekend
Another study on market cycles! Starting this study from COVID bottom, we look at the bigger cycle using the 200ma and the intermediate cycles with the 40ma. Currently - I see an intermediate stage 1 base which is both a diamond and range box breakout. stage 2 identified with a 40ma cross. Downward broadening channel break with another upward extended...
Many Sellers (Bears) missed the Selloff, and many Buyers (Bulls) failed to take profits at the 199 EMA tap. Frustration abounds and will remain leading to many emotional trades being placed for both sides. Indices traded into the Lows of their ranges and held for 3 days. Buyers need a TOSS to get things going to the upside for 420+. Buyers need to not hear...