can you see butterfly pattern on daily chart ? under red arrow , after PINBAR comes on 1hour or 4hour or daily we can pick sell (sl=pinbar high) ALERT = break 13400 trendline can shoot nasdaq to 14500 good luck
While ES has a different look then the NQ, NQ is hitting the top of the channel, Maj support is at 12610-20 now
Going to short the next bounce with a stop above the channel Seeing signs of topping pattern, still can press higher, but SPX is lagging behind with making lower lows
Low mid month, high into 13900-1400 zone by end of Aug or early Sep. This is going much lower into Oct low! Planning on exiting all the long term longs around 13910-14000 zone
Open above the pivot zone will send the market to the resistances to the upside. Open or bid below pivot zone will send the market to supports below. As always, use discretion when executing your trades.
NQ almost hit my target zone, expect a test of the mid channel if not more. I still day trade this, no swing positions, only ES from Fri. All depends on how we will be closing today, might enter with either long or short for tomorrow Tomorrow is a turning day, it can be a move in one direction. VIX has a long signal, be careful if long indexes
2007 Levels will be upcoming into October 2023. Summer Counter-Trend has more room for the upside. The Monthly Risk Range is at extraordinary risk. "Others" are getting it all together for the Early Fall Classic. Extreme patience is required for the SELL, it will continue to develop over time, blink and you'll miss it. Financial Media continues to caution...
Thinking something like this. The tech sector NDX can run back to 13,500 so assuming that possibility ETH will likely follow. I recently posted my NDX chart and it looks almost exactly the same as ETH. Falling wedge overthrow and reclaimed the bottom TL. Now the top TL is a target for the bulls with the momo that they currently have.
In this update we review the recent price action in the Nasdaq futures contract and identify the next high probability trading opportunity and price objectives to target.
Engulfing candles on Nasdaq at 30 minutes. Artificial Pump is over. I really do not understand how idiotic could people be buying #stonks from companies after their negative earning reports and fed hikes of interest rates. How could one invest into something knowing that it will lose your money. Imminent #bigcursh coming - big companies reporting negative...
Mr. Market has had a nice rally from sub 400 to now trading 410 zone and right at the daily 100MA Could be a major inflection point as we head into next week and a lot of supply overhead now on what is basically a pump from Apple AMZN and a few other earnings as well as the result of net short option positioning , and lack of sellers "in the hole" . If you...
This is a 30 MIN chart. Impressive how hard they can push on a string. I am short MNQ Futures expiring in September with the 12200 Contracts. They pulling shorts - plain and simple and dumping longs. That said this could continue tomorrow. Silver is up over 7% today - yet looks like this chart - I am short Silver too - in the futures market.
NQ is about to test the upper bull channel in a bigger bear channel. Perfect confluence at 12797. Im doing only day trading on it, I will enter long term short when we hit or get close to my ideal target.
TECH Bellwethers after the NYSE Close Today. Apple Changes Everything - 143 to 163 Range possible. Life extensions for Tech are DX, TNX, and Chips Bill finalized by the Senate 62 to 34 with a $282 Billion Giveaway ready for the Criminals in the House. ______________________________________________ The new Mid-Term distraction, forget Hunter and Joey, focus on...
Recently, we warned about the impending short-term bounce in the price of QQQ while sticking to our bearish outlook for the medium and long term. Today, we will pay close attention to the Nasdaq 100 index as the FED officials are expected to hike interest rates in the range of 50bps to 75bps. In our opinion, such a move by the central bank will negatively impact...
My new view after FOMC, the shoulder head shoulder was invalid, now I focus to next resistant at 13000.
Almost overbought on RSI, 4% pump in one day, lol. Probably gonna roll into some puts EOD, still thinking BA, maybe some garbage stocks as well. Gap direction depends mostly on META (FB) now
corn futures we have a stupendous probability that At least will rise 10%