So NQ went oversold over the weekend and bounced back up as predicted Friday. Looks to me like it wants to go oversold again, GOOGL red after earnings. We may get a whipsaw here where futures cycle between overbought and oversold...
RSI close to overbought with MFI divergence. FB earnings could go either way, and TSLA looks topped out at $1000. MFI divergence on the daily for TSLA and RSI is way overbought.
As Fate would have it the NQ managed, once again, to tear my bottom another one. We began SELLING NQ early ahead of the NYSE open, from 630 to 700 within a large Inverse Ladder. By the time it reached 700 - the Net Position was down 31K. Fortunately, and here's that nasty word... Patience. Yeah, naw, I exhibited less than a good measure of it. IN truth, a...
Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh no, it's going to crash! Oh...
Plain as day - what the ALGOs Objective is and remains. Regardless of the competition, the Ratio between NQ via TNX to Discounted Forward EPS works:
FB options degenerates are back, surprise. Put Volumes dominating the Volume although O/I is split. 297.50 @ 1,357 300.00 @ 5,886 305.00 @ 1,854 310.00 @ 2,873 312.50 @ 556 315.00 @ 1,273 317.50 @ 819 320.00 @ 3,540 322.50 @ 1,210 325.00 @ 1,672 Semiconductors, Comm, Telco, Software - are being used to push to the NA to Price Objectives @ 15513 -...
As Indicated both Support and Resistance would Trade from Globex into the NYSE Open. Selling the Upper Trend Line with a front run spread to a dip in... is our favorite opening trade. Every time, although the Gap is not required to Fill until the EOD, the Retracements always come close to the Fill - anywhere from the Fill to close - to set aside a later EU...
Price below the .764 during Globex and is attempting to move up to Resistance as defined by the UTL - Upper Trend Line. The 10Yr Note Yield continues to Range - 1.634 - 1.668 The VIX @ 17.85 is the .50% - it appears to be a FR of 3 with the Counter Long available above 18.85. For the Long, resistance is 20.25. Options activity will need to be monitored...
Puts on ADI ~SL above ATH (180.77) ~PT1 172.50 (could see strong support here) ~PT2 170 ~PT3 168 RSI divergence on last 2 ATH, a rejection at the resistance line in an uptrend, gap to fill on down 168-170 We saw a double bottom from this last impulsive move. a pullback to the neckline at PT1 very likely.
Facebook reports tomorrow after the Close, Options tomorrow to 300 should be observed closely. FB forceful effort to reclaim prior Highs essentially Failed on Friday. Grant it, there was a heavy Calls prem to remove from the Gamma Squeeze Herd in a number of Equities - GOOG, AMZN, and a great many others. Friday cleared the option writers Risk by running the...
Not quite, the close was 15341, and although the .764 was violated and it did make a Lower Low then the previous Session... UnderTows, much like Under-Tows can be used as Over-Throws are repeatedly. The Week ahead for EPS is extraordinarily Important. These will be the Companies that will have the greatest impact among those reporting. Monday - FB @ after...
Weekly Duration close Week over Week: Prior Week @ 15134.50 Week End @ 15341.00 The Range for Closing Week @ 15037.75-15483.75 Price broke the prior Week's close @ 15134.50 by 96.75 Ticks. This is important as we see this pattern emerge time and again. It permits the alleviation of Elevated Indicators. As this occurs, ranges widen until they begin to compress...
nq100 needs to rest after the sharp movement it had upwards after correction it will continue going to the moon.
NQ completes wave five around 15490, and now we have two critical points to watch. 15275 is the current major support estimate, failed to hold here, and we might see a drop to around 14985. 15490 is an active resistance point that needs to be cleared to continue to the upside.
corrections on the move up are looking a little shallow, this isn't the ideal way to build a strong uptrend. By no means does this correction have to happen now, but this is something that gives me a little uncertainty. Most traders will just buy until proven wrong in this scenario and you will probably do just fine.
It is rare when one can have their Cake & Bacon. NQ performs this feat with Aplomb. It is an amazing effort, the same around every EPS Season. Lowering Guidance repeatedly while failing to make it widespread panic. Discounted Future Earnings via Yields, while managing to swim itself out the Abyss... remarkable. Semiconductors had an Abysmal Q3. INTC's report...
This is going to be somewhat of a Bitter Pill for some. The VIX Settlement has provided the Information we were waiting on for Analysis. Trading requires strict adherence to Possibility / Probability And above all else... Delta or Change. The Sh_t Mix, well, it's changing. Look out to longer timeframes - Weekly & Monthly as we know the 400 Tick VX CURVE...