15500 Held for Globex. There remain larger Price Objectives below for the Week. The range is very wide with the Potential for a Retracement which could be interesting. _________________________________________ China has extended its Export Ban on NPK until May. Lithium is coming under new export restrictions. Pressures are building BUT Put Options...
There is an important Trendline for the Monthly Timeframe Price is presently sitting on top of Monthly Support. It is Trending Cloud Support using the settings I Employ. NQ can easily fall to the 310 / 274 Levels, as well it can test the 14900 Level (200SMA) - should 15,500 Fail. The Momentum Cloud would limit any...
CNBC Tout Jim Jonestown Crammer put forth the Meme the NQ could actually bottom the day after Wednesday's selloff. Then, Jimmy decided - well... We're not oversold yet. _______________________________________________________________ Guyana Punch. _______________________________________________________________ We need to see a Capitulation Event, as we...
The Trading Week ahead is a Liquitidy Event above all else. Dollar Pairs are the principle and fundamental force. Risk is abundant. The QQQ's barely moved back up to Support. 379.5 is a technical break and a move below the 100SMA. Trend Channel support carrying us back to May of 2020 cannot be relied upon. Traditionally the first week of any year for the...
199K Payrolls at 424 Q4 Indicator Leisure and Hospitality along with Technology Services led the gainers by Sector. NQ lost 4.7% for the start of 2022 - its worst week since February 2021. A Rotation away from Growth due to ROC's in the 10 Year UST as forward EPS is discounted forward. Value, Financials, and Energy began an early rotation which may well...
NDX is completing a complex correction, unless this is a topping pattern. Signals are mixed, let’s take a look. Geometry: NDX has closed right above the lower channel boundary on Friday. Another trend line (in red) provides confluence. So far, the channel remains intact. The XLK however printed a rising broadening wedge, a bearish pattern. Oscillators We have no...
MFI rapidly approaching overbought. Don't chase the morning rally (if it does rally) Definitely don;t want to hold long positions over the weekend no matter what the market does today
By the Numbers. 711s attempting to hod=d the line Range holding at present. Trade them Safe, Closed 10 AM EST Sells. :)
but don't risk with many lots because my analysis tells me that the nasdaq is bearish
Nasdaq is bearish The first target is $15475 THE SECOND target is 15300$.
NQ has been on point with the VXN all Day. Any round number Spikes we sold, by example - hammered 850 X 16NQ and close 800. All-day long a Trader can use the 15/30Min Thumbnail Charts are do very well. Been using Micros in LAdders and have made a record number of scalps in one day @ 2,444 Micro Contracts. Today was a Gift for us, the Range was massive and...
c NQ's larger range and response to 10 Year Yields has come into the Trade. TNX is trading over 1.716 @ 1.732 +0.029 +1.69%. The .500 Held during Globex @ 15621 with the Closing Gap @ 15776. Yesterday the Gap was closed @ 9:30AM EST. As the Range has now expanded to the Full Structure, and the VXN has broken to its .618 - the 25.54s remain Support for the...
Ouch 711s. Profit-taking is gaining steam. Only JNJ survived the plunges today. The SMH took a solid beating with AMD smoked. _________________________________________ Valuation Levels are finally being discussed broadly. That tis going to be an issue.
Although the ES made it to the implied Low ahead of the FOMC, It has some catching up to do when this begins to turn. The NQ is off 1.19%, the ES 0.36%. ________________________________________________________ The same applies to the YM, the RTY remains in synch with the NQ, without Oil making a Pullback, BTC is struggling over 42K and Memes are being clubbed...
An aggressive reversal on the 10Yr Yield took Tech through its trendline. It did manage to move back up to the lower trendline but showed weakness during the Globex session. Typically, these are not one-day events, the selling should resume with the levels down to 16032 in Trade. A gap overhead will struggle to fill, the Macro Data isn't supportive this...
Move today puts us back into range with bearish momentum, tomorrow at least this should continue.
Lets try this again, if we go red tomorrow blame it on TV algos. I like this rebound inside this area. We might be looking to a break out, and as always a retest once out of range
ZC corn futures, GO short for tomorrow we have an interesting probability for sell