Friday's close @ 16200 has now altered the Count @ 4/X This now reverts to 1/X. The reason why is I trail the FIB Counts @ 3/5/8/13/21. 1/X closed @ 186, this was "3" prior closes in the Count. When this occurs, the Hourly Count remains with the ST Algo attachment. _________________________________________________ Could it be a simple...
Vol of Vol Crush - VXN was the recipient of suppression as the VIX Front Month was sold as DEC Bid, closing just under support @ 20.05. The Weekly will be a Red Candle and the thrust to Price to have it appear there is a Bid under the Indices. Yields up 1.51% / DX down 0.06% ES closed over the 78.75 for Positive...
So, I probably took the worst of trades yesterday... Nasdaq100 Update: Down 1% on both accounts… pft!… Well, I took the trade in both. So the sellers won. I knew I was insane for doing that. If I get a weird bearish pull, I accept my loss—re-strategize… Watch the video for reasons. Target for bears- 16000-15800
10:00 AM - 10:30 AM EST favors the Reaction TIme Zone for Price. VXN / Yields for clarity Interesting Day ahead, either a Large Dump OR Minor RT
With FED Williams speaking at 10 AM EST, we will be observers until the Policy Statement "Adjustment" reveals itself. It could produce a VX Event. The week's downtrend and having a Red Week will be lost on no one. _______________________________________________________ With 3 Days to complete VX ROll, there is an important Level to Observe for the DECEMBER...
Absent Yield Price Action today the Operators Took Price to the RT ZONE we indicated last night. 16069 - 16110 / Today's High @ 16113.50 The SELL there Traded for Profit ahead of the NYSE Open @ 8:45 / 15 Minute Bar. The 2nd attempt failed and was sold to a Front Run of the .382. Prior Close Gap did NOT Fill. _______________________________________ Into...
Price has Retraced to the RT ZONEIndicated above Hourly MACD Diverged into Positive on Momentum RSI 64 Presently .500% is 16072 .618% is 16112 ____________________________________________ The Range now broadens to 16244 - 15766 High 448 to Low 287 .5005 @ 144 .618 % @ 203 ____________________________________________ Daily Price Objective 15669 15413 15167
With ZN & TLT showing severe signs the Inflation Meme is quickly losing its Chill. Jerry and the Kids at the FED tried like Hedes to call nerves all Day. The Result: GFY ______________________________________________________ Mid-Curve, Fed Funds, DX have put their feet(s) on down. We should see the Lows taken out for the Equity Complex, even Pricing Powered...
Self-explanatory - Potential 250 Ticks of Range. Algos will rip this both ways today. Breather of sorts. "Don't go chasing Waterfalls" yet :)
Trending EMA's are beginning to Flatten in Slope. We see the 21 EMA as a potential point for an RT, unless Momentum shifts at an increasing rate which can be observed in the ROCs. The EMAs from top to bottom are: 8 / 15 / 21 / 34 / 55 * 34 & 55 Indicated Trending Price. ____________________________________ A Close below the Prior 7/9 should confirm a...
The 21 and 34 SMAs are important as the Week progresses. Price indicates early signs of weakness after 3 consecutive Last Hour SELL Programs. These ranges are quite Large. Entries are at .500 and .618 for SELLs with a Stop above the .764 ___________________________________________________ If the existing Count Extends to 5/5 - 9/9 - 13/1r or 21/21 (Full...
After an unprecedented move in Price... Something which has never occurred, the record moves Up for the Daily Price EOD... We cannot assume, there will not be further Upside. ___________________________________________________________________ Trading Probabilities is the Best we can do. When presented with Opportunity... ie. A setup that favors our...
Our Price Objective missed by One Tick, close enough, we'll take it. Range Traded, High to Low, retraced and headed to PO, near perfect setup - missed by 3 ticks at the HOD, 1 at the LOD. When the work is done and indicates Probability is in your favor. Take the Trade. Congrats to those who...
Wonder what nasdaq100's plan is?... Getting Lower highs with a supposed---Head and Shoulder. Hmm... are the bears charging up; are the bulls trying to break the structure? Here's why I took this trade.
First things first, it's never smart to short a bull trend. As anyone who has tried shorting a bull trend in the past can tell you, resistance more often than not becomes support. With that said, here is the daily chart of Nasdaq showing a bull channel (yellow) within a larger bull channel (purple). As you can see the price is at the top of both of them. As seen...
Fortune Cookies 10:30 - Fed Chair Powell Speaks 10:55 - FOMC Member Williams Speaks 12:00 - FOMC Member Bowman Speaks 12:00 - FOMC Member Harker Speaks 13:50 - Chicago Fed President Evans Speaks _______________________________________ %1 - www.cmegroup.com %2 - www.cmegroup.com
So it's not a Monday if I don't have a take---right? Anyways, a pull just popped up my radar... I can think of just one thing... Continuation! A continuation to my supposed target (16800). Might just be a new chance or a random daily evening star. I guess we'll see.
We have 3 Potential outcomes for Price. Extension Reversal Consolidation ___________________________________ Extension The EGG People (Options Writers) are now in a Situation to put it Pacific, unadulterated nuance. The 17 Trading Days of Gamma Squeeze into Weekly Expiration, they had 2 days of minor reprieve, it's been Vertical Up since 11/3. By Example:...