During August I called attention to the 3X & 4X Divergences, a clear warning. The Structure of the UpTrend was in serious trouble. In September, the Nasdaq Composite gave up 8%, since breadth warnings since have Compounded. I showed an Analogue from November of 2019 with the exact same Indications and Structure. A drop of 3.4% Ensued, No one saw it coming....
Gamma Squeeze for the Degen Jumbos is in trade. It will flip to Delta Dump soon enough IMHO. We have seen the YM Breakdown. We have witnessed Crude Oil Breakdown. The ES - a Close below 4675 Today for a Red Bar on the Weekly will set the Trend - DOWN. 3/4 Indices are participating at present - it will be up to the ES to Set the...
The only thing to fud this up is Elon tweeting and selling his remaining 5 percent he needs to sell. In the meantime, that can happen within 2 days or 2 months. Until he needs to pay taxes So I'm just gonna ignore it for now and just play cautiously Bear case: ~IF TSLA breaks the red support line we could see a dip back to 1000 ~Note 1000 is a huge psychological...
Even with the VXN rising the final 30 Minutes, the NQ could care less. Such is ARBs with Algos. Day 5/5 Completes exceeding the Prior Ledge @ 16448. ____________________________________________________________ The Count can now extend to 8/8 or reverse. Call Option Buyers were Paid in full today as will be shown on Vol/OI. Took the $ and closed into the last...
NYSE Closing Price to Highs provides the Price Objective on Extension. Simple Exercise to do yourself for Intra-Day Swings. When the Initial Price Objective was exceeded @ 441. _____________________________________________________________ Redraw using the CLOSE from the Highs. To the...
NQ is being SOLD. If 5/5 completes with a Lower High with a Lower Low. We will see the November 2019 Analogue we reviewed in Trade IMHO. DOW and Crude Oil are Leading. __________________________________________________ Leaning towards the Analogues coming into Trade. Probability Favors this Trade over a NEW ATH. Gaos below could arrive quickly. It wants...
Calls @ the Flamingo's Sports Book AAPL - 2.085M @ 150 / 79.41% CALLS TSLA - 1.268M @ 1080 / 56% CALLS NVDA - 533K @ 300 / 62.02% CALLS AMD 508K @ 150 / 70.22% CALLS ____________________________________ 5/5 Underway today. We will see where this Closes and determine where to... For Now, it is best to trade the Range with Wider then usually Stops for NQ @...
Pfft… Took an L; closed with a W. So my Tuesday/Wednesday trade was a total fail… But, my Thursday was a blast. still ongoing though. Anyways, I’m currently 220 pips up and I just thought… Why not update y’all. My busy schedule didn’t allow me. Here’s why I took this one: - Proportional doubles - Drop base rally… creating more demand at lower levels. Good...
NQ has seen an ALGO Driven shove Higher, only to be SOLD. OBV and Breadth are in the Negative Territory. You can almost sense the underlying Fear in Buyers, they are quick on the Trigger to SELL. ______________________________________________________ The 50 Handle Front Run of the Ledge Highs @ 16448 with the Micro Measured Price Objective Front Run 403 @...
3.272 fib extension from Covid low is 16859; monthly BB top is 17k+; there is a quite a possibility that NQ might reach all the way there - that better be the blow-off top :)
Today I took 3 trades in the NQ, and made out fairly well. Please join me as I deconstruct what took place today. I must apologize for the audio quality of the video, I have to figure out a better way to upload the videos. I made this video earlier for another platform and just screen recorded it for Tradingview. If anyone has any idea, let me know.
Knowing the next market trend BY PITCHFORK INDICATOR NASDAQ 100 E-MINI FUTURES analysis
Today's Implied Range 16262 - 16453. Globex High - 16332 Fed Speakers ALL Day - 6 in total Jawboning Policy. _____________________________________ Macro Data - MBA Mortgage Applications (WoW) -2.8% Building Permits (Oct) Building Permits (MoM) (Oct) Housing Starts (MoM) (Oct) Housing Starts (Oct) 10:30 Crude Oil Inventories 10:30 Gasoline...
ES needs to hold 47oo for New ATHs. NQ appears to be on an Extension to just shy of Prior Highs @ 443 to 448. VXN will need to revisit the 19s for this to occur. The Trending Cloud indicates, up to 16320 - 16350. Wel shall see. _________________________________ 3/3 for NQ Completes.
The Algos enjoy being Tweakers on VX Settle... It is, after all, an easy Trade. M1/V1 Stragglers must SELL, it is usually over by the EU Session Close, where we Observed the Front of the Micro Highs to Highs trade 309s vs 327s. The Hourly Extension and Upper Trendline indicate an Upper Price Objective @...
Momentum continues to wane on the 1 Hour TF. Momentum Slope is beginning to Flatten. 3X Negative Divergences are completing on the Daily TF. _________________________________________________ Will today be a consolidation and Range Day or something more aggressive - A Program Bid by the Algos. As bonds as being Sold aggressively, moving the Yield Curve around...
Why 2/X? WTF Mate ? Yeah, but... 3 Bars ago... in FIB Seq. - yeah mate, we closed over that Price with a Higher Low and Higher High. Rules, yeah... I know Mate. ________________________________________________________ Freeaking Rules... Price is now 5 Days on an overall Count of 5/8/13/21/34... Pick one... We don't know, so your guess will be as good as...
225 will need to Trade and Hold after EU Session Close Today. The VXN is showing signs of an underlying PUT Bid for NQ Derivatives. TSLA is acting as a small Drag while AAPL continues to provide Support' until it begins a Series of Sells. The DX and 10 Yr Yields continue to create an underlying...