We notice that the volume begins to weaken with the arrival of a previous support, which means that we may see a change in trend and the end of the decline in relation to NQ
Sellers from Globex's O/N party were collectively dumped on their heads. The Gap Fill, criminal as it was had a 76% probability of a Fill. We took it and smiled, our day was complete and Over then for Intra-Day swings. It then became a range scalp until the Flood Gates opened once again as 1C remains...
There's a bullish channel in the Nasdaq that started around the 2020 Presidential election and held the lows all the way into 2022 trade. This week saw that channel shredded through as NQ quickly went into an oversold state on the Daily chart. This is only the 2nd such instance of that signal since the pandemic almost two years ago, and the last one of these...
NQ traded the Buy Fill @ 532 a Dip in of 4 Ticks. Sellers at lows were ripped again. F_ck You Friday trading active. _________________________________________________
Poor Lisa, her plane went down - overladen. Always enjoyed her antics. Buring down her beau's House... not taking anything from anyone. And that Angel of Destruction could drop some sweet funk lyrics, raps, and scat. Friday's are a great deal like aircraft which are 800lbs overweight. You need a great deal of runway. At times, there is no amount of runway...
The volumes on close and thereafter were quite large, but did not exceed the Primary Distribution December 17 @ 1.312 Billion versus 934 Million. I watched the tape after hours and saw the continuation of Margin Liquidations continue from 3:12 PM EST well into Globex. Selling begets more Selling when liquidations turn from orderly to extreme disorder. Large lots...
Nasdaq has been selling off. Is this an economic collapse? Too early to say. Nasdaq has been flying high since the Coronavirus crash back in March of 2020. It's been long overdue for a steeper correction. I was shocked that it was able to keep climbing without a steeper correction in all of 2021. Nasdaq was overbought for the WHOLE year. So as long as the Nasdaq...
I indicated 1C or the primary correction would be large. The Level for 1C 001 or the .618 of the measured move would complete @ 14771. It came to 14773, prior to Globex making a Lower Low. ________________________________________________ 2 Days in a row we sold the Levels indicated for RT, they traded perfectly. We held fo the Gap Fills and beyond today for...
VXN has been interesting during VX Settlement, The IV and skittish nature of the NQ Optiojs Market is confusing Traders. VXN IS suppressed while NQ Slides at times. Underlying is the preferred Instrument, Micros over options - MNQ performs far better presently. The Front Run of 200 SMA @ 14986 was 6 ticks. Bottom the Range and Larger retracement or Diver...
textbook A naar perfect touch of the SELL, dipped in a few Ticks an spet the balance of the Day heading to new and lower Lows. A perfect weak 1C retracement. ____________________________________________________ AAPL Breaks TSLA Breaks ____________________________________________________ Freaky Friday ahead, with more twists and turns, but the Operators...
Looks like a melt down, I haven't seen MFI stay oversold for this long in a while. Remember the flight to safety? Well AAPL and TSLA are now tanking as well. I think Powell pumps the market next week to get it out of oversold territory. Pattern now looks very similar to the COVID drop, which probably means down tomorrow, up Friday (maybe on NFLX earnings?),...
Price looking pretty bearish right now, as we consolidating below the key support levels. Unless, we see a jump soon a bearish breakout seems more and more likely. Next key support level at 14,700.
Dippers... it is painful. When to BUy for the Retracemnbt that does not arrive... ___________________________________________________ Retail is looking at the following: 50 SMA @ 16103 100 SMA @ 15710 200 SMA @ 143986 _____________________________________________________ Problem is: .618 Ext @ 14771 1.618 Ext @ 14156 Our Indicated Levels for 1C now...
We had a very nice daily support on the NQ which has just been broken today , so a nice selling opportunity over the next few days, especially as Bank Of America and JPMorgan were in the red today which accelerated the fall .
The 10 Year Yield is retesting the Highs. DX is steady. ZN is Steady. ___________________________________ Will Yields pullback or accelerate... The 21 EMA is vital to any further Counter-Trend. Should NQ test and Fail - it is going much lower quickly. The 21 / 55 EMA Cross is defended this week or it fails.
MKL Trading was a Toss. NQ traded a 150 Tick Range while the Bond Market was Closed due to the Holiday. The Hang Seng was down -139.0. Global Markets were mixed absent Higher Participation. Larger TF's - in particular the 4Hr were ranging in indecision. The real Price Action begins tomorrow ahead of Q4 EPS, warnings have been non-existent. They should...
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Sell the Spikes is the overwhelming message here. We will see how far they can push this, the upper limits are within the Prior Daily NQ COmmentary for the Primary Resistance. _________________________________________________________ The AO is attempting to push to the ZERO Line. I highly doubt it can hold above Zero for more than 12 hours or 3 Bars.