they don’t let you know this; but. . .it’s all market structure. that trading, chart pattern you see, yeah. . .it’s market structure. . .pure—basic—market structure! Good day traders, lazyluchi---that Nasdaq trader. . .yup! I'm here again. In this video, I talked about our 3/3 week---the obvious pattern. . .the obvious one forming and the next step. Also, how...
2 day Nasdaq US100 chart. Indicators on the low. The chart is simply beautiful :)
Wire to Wire Melt-ups is the very definition of an Aggressive Extension. The price moved accordingly within NQ Extension to perfectly hit its first area of Resistance the Heavy Depth of Market Distribution for the next Wave down within the downturn off the High @ 15,708.50. We are now roughly 650 Ticks from the September Highs. or conversely as little more...
Pretty tough R lvls ahead.. Strong day today needs to see additional follow through and higher highs for tech to continue moving higher in this market.
Observe how this works when the intent is to Gap and Go / Gap and Trap. As soon as RTH ended yesterday, we bought. Why? Simple, the Algos were going to buy Globex off the reversal. It is important to observe the "Slope" of each concurrent move higher, they are increasing... which tells us HIGHER. At 3AM EST EU Session open, German Alogs dunked it for the...
Hey y'all. well...i just...the market... Alright not here to stammer but the nasdaq100 bulls won afterall. The first target is almost near at 14980/500. Here's the gag though. If the "w" hits---the market would just have shifted in terms of the trends. That means we would just be waiting for the first pull. Remember trading is risky...i might not be right all the time.
The Rising Tide Lifts all boats... We lean towards the first wave of the Tsunami of Selling that has passed. And maintain there will be another. We will see how high Price can move into EPS Season. Bulls believe the worse the news, the further the Prop. We closed 6/8 NQ 14770 @ 14881 = 2/8 remain Stp 851. Scalping from both Sides into the 18th to 21st of...
I circled the same area I am observing where I'm noticing similarities. I expect a nice build-up here before the continuation up. Seems to be holding up exactly where we where at last sept 2020
It was an interesting FOMC Day, the FED was somewhat reserved in its forward guidance. The NQ made an early overthrow of the 15min DT Channel and chopped around until the Lunchtime EST. Price managed to move higher into the close, a first in a number of trading days where the final hour saw increased Selling, often 100 Ticks or more of downside. Today was a...
LCID: Strong downwards wedge after impulsive move signals a bull flag ~ What is interesting about this graph is the VI. It showed bearish momentum but yet had increasing price action! Imagine when the VI sends bullish momentum! ~ RSI also has a lot of room to grow. ~ The only errs in this graph are the death cross on the 11th signifying a bear trend. But this...
AMD: Using fib retracement, after an impulsive move a pullback to the 0.5, 0.618, or 0.786 is very likely and healthy in an uptrend. ~ Golden cross happened on the 11th signaling the start of another uptrend. ~ on the 11th AMD did a similar but smaller sized impulse with a pullback to the 0.786. This helps visualize the theory of fib ~ RSI on the hourly has a lot...
Looking at NQs wave counts here. Looks like an up move unless this ends up not being an ABC correction and instead an impulse 12345 down. At the moment looking for leg be to form to 15500 levels
FOMC Days are a grind, there is a concerted effort to keep "Prices" looking tempered. With the anticipated Pullback to Trendline and the Gap Fills we previously discussed, all is well for the Riggers until 2PM EST today. AAPL's reduction in EPS Warning was telling, as the 142 we indicated would be instrumental in determining IF the Lows would be revisited......
On the very Day, the IMF Issues a cloaked but rather Dire Warning... The usual suspects show up... Keyser Söze decides its "Buy the Dip or your miss the Jet leaving the Airport, TLT to 172 baby" Kobayashi is keen on BitCon, which has seen a largest influx of degeneracy in months. Dean Keaton swears "this is it b_thces~! BUY BUY BUY everything, it's...
Bonds were Bid @ 8AM EST, Equites bought it up until 9AM. Then proceeded to come off the secondary highs. The third time proved not to be a Lucky Charm. Degenerates continue to Amp Up "The Bottom is In and we are going Higher" Yeah, naw... this is a recycle to Fills for Wall Street, nothing more. The Show Biz Kids are again "hoping" the Past is...
We clearly favor the latter. Here is THE word again - Patience. There are possibilities that require time to resolve. Larger TF's for NQ appear Negative. Short Duration TF's indicate rejection after rejection... Wall Street wants the Fill, again, we need to see where. The Spread between 50/200 remains wide, 4/5 indicates that we will not see a death...
Moves like the one today in the morning, just a huge rally is what for me makes difficult the read and the holding. Past rebounds made me think market would rebound fast ignoring the signal. Next day was a red day for me, and turned back to shorts. Here this can be a pivot, but holding Friday's range will just make this whipsaw within daily range. We might...
A much bigger pump than I expected when MFI got oversold, now it looks like RSI will go overbought by the EOD tomorrow setting up an MFI divergence. I said whipsaw week..... stay nimble, don't over commit to one direction.