Never underestimate Wall Street. Although there is a clear break in the Absolute Correlation between the VXN & NQ as there is in VX as a Complex... one which can easily be observed... it is irrelevant, as the Trend Itself will re-assert as Price begins to clear VIX Roll into a settlement next week. Wall Street is positioning now. As we continue into a very...
Sellers again trapped at the Lows were used for Fuel, the Put buyers were caught offsides as the NYSE opened proved not to hold the Dip in as we had a front run of the all-important 881s @ 879.50. Patience again pays in spades as the Chasers are usually beaten with the Ugly Stock time and again. Sellers remain in Control though, there is a tacit agreement...
We can see the rejection last week after the NQ made its the second test of 15K and ran 2 Tick short. This week will remain sporty in VX as we begin the majority of CT' Roll for the VX into Today and Tuesday. M1 will be sold into M2 Buy as stragglers continue to leak out. The ranges continue to hold, albeit rather larger ones. Yields remain problematic as ZN...
The NQ's spread between December 2021 CT and March 2022 CT has been wining wildly between Contango and Backwardation. The spreads flip from Flat to Down to Up. Looking back to January 2020 CT and FEB-MAR 2020 we witnessed very similar action in the M1-M3 CTs. With spreads this tight, it creates the ability to hedge during RTH should a Trader find themselves...
Today we will take a look at GOOGL. a) Since the bottom of the 2020 pandemic, the price has been on a major rally, gaining more than 150% b) The basic formations we have been observing are corrective structures ranging from 25 to 40 days before new impulses coming. c) Currently, we can see a new corrective pattern above the broken ascending channel. ...
(Opinion only) Bullish above 14710 and bearish below down to the 14,500, ultra bearish below 14,500 down to 14,000.
$12.24 Billion in Recycle went to attempting to put a lid on the 10Yr. Lets' see if they have any Juice left for EOD VX shove lower and the ability to continue higher. The VIX GAP @ 19.20 needs a Fill :) It should be choppy, as usual until the Real Price Action begins to take hold after 3PM EST. We have another heavy Macro Data week ahead with the FOMC Minutes...
Price provided further Information the last few days. We have been patiently waiting for developments in the Market Structures to unfold . We anticipated a Countrend after hitting the WEEKLY LTL @ 14367 illustrated in a prior Chart Observation. Everything has traded out as we anticipated and indicated. SO far, SO good - this is always subject to change. We...
Zooming out to the Weekly TF - Pirce tested the lower Channel Boundary @ 14367. Price is not trading between the .500 and -.382 @ 14882 and 15004 on the 4Hr as illustrated in the Prior NQ Observation. The 4Hr draw which lines up is from the Globex Highs at 15399 to the Lows @ 14367, it is working for now. We often need to switch up TF's depending on the type...
Analysis of Options flow with our tools alongside with combining modified Pivots strategy (based on Volume and Options flow), would trigger to automatic set up Intraday Levels posted on chart. When combining it with VSA Sequences Scanner and Volume Zones (blue rectangles), it leads to have present x-ray picture (or simply a map) of instrument for Intraday Trading....
We see how important the Ledge remains. We traded Support first thing this morning, this is where and when we Closed our NQ SELLs. The balance of the Day was SOH. The intent is clear, the Hourly was over-sold, the Weekly remains deadly. These are enormous ranges and again, IF there is not a high probability setup with a clearly defined trade plan. 9/10 its a...
Look to me like the market is going to try to fill the gap, go overbought and head back down today. Would be cautious about "buying the dip" today because we'll probably get a repeat of Monday, where MFI went overbought and the market sold off. Told ya I wasn;'t feeling bullish yesterday, lol. NQ chart looks the same, almost overbought
We indicated the SELL for NQ would return once the 10 Year Note Yield Tripped the Line in the Sand @ 1.545. Here we are, after a 100 Tick closing SELL during Black Betty Hour... the Globex AL.Ghouls were unable to halt the decline as it gained momentum overnight. TLT will wake up in the 142s on its way to the 130s, ZN is attempting not to take the dive, it will...
Sellers took the 3PM Gift and dunked the NQ for a Quick 100. The close - 14658.50 Apparently, there remains a group who do not want to hold this mess too long, And who can blame them, they had a good RT 2Day and managed to grab a whole bunch o' Ticks from the Pre-EU Session Open. NYSE Open only served to power higher on recycled $'s from Jerry and PD's. The...
Never waste an opportunity to Grind Up the low-hanging fruit SELLERS. And so it returns, PD's buys calls ahead of their Lows in, and reverse. 9:30 AM EST those Gamma HODLs had their juice for Game on as Desks began circulating the No Sell Rule for today, ALGo LT gave way to AlGo ST and we're back baby~! No Competition and plenty of overhead stops to wipe out...
We can see there is a large range with the 200EMA/SMAs coming to trade as we move through October. There can be a small Squeeze as SELLERs took profits into yesterday's close. PMI, Final Services PMI, Trade Balance, IBD Optimism Report, FED Speakers, Budget Noise, Coupon Purchases @ $3.225 Billion 7/10s @ 11AM EST. A great deal to pay attention to today... It...
VXN & VIX will set the possibility for a Counter-Trend. VIX Above 22.15 - the SELL Remains. VXN - Draw it up Lows to Highs on Daily. The .618 and .500 are S1 / S2. We will see if the Larger Objectives below trade into Friday or the CT Develops today. We are anticipating a CT end of the week at the latest. Again - 10Yr Yields, DX, News will provide...
Leaning closer to the short side for FB after failing to get over 355 and now stalling around 340$. Still holding in microphone but confident we see lower price soon.