With 10Yr Yields and the DX rising, today has the potential to place downward pressure on the NQ/MNQ. AAPL remains in a small Bid, Call Bid will provide direction after 10AM EST. We are using the 15666's as the LIS and Pivot for Price.
Moving price higher during Light Volumes, leaving another Gao to fill below. Opportunity in the Micro Timeframes for ranging after new ATHs for NQ will be interesting this Evening as Globex re-opens. The Monthly Target extension remains 16018. Price, although moving higher is losing momentum on every side-step of the former channels. These lower trend lines...
looking at my #ndx nasdaq100 chart like “What you up to buddy?” so like i said, I’m still holding this guy. looking at a line chart you can see the double, pull, and continuation. maybe just maybe we get a 15800,900 or even 16k before any major correction. #nq watch the video for my view and what's yours?
This is weekly Closing Bell (previously Market Wrap). Here readers can view price of particular securities at market close ending week 3rd September 2021. Commodities (3rd September 2021): Gold (XAUUSD) – Close price = 1827 USD Silver (XAGUSD) – Close price = 24.716 USD WTI oil (USOIL) – Close price = 69.20 USD Brent oil (UKOIL) – Close price = 72.42 USD ...
Chopping along into the Sell. Indecision... Ends Badly.
the #nasdaq100 nfp said “nope we here to confuse” #ndx maintaining it’s #equilibrium and making everyone predicting #nq dumb asl. monday it is then. still swinging though chart:
I expect that Nq may reach around 15800 the end of 1st week of September or 2nd week. I think it follows path of red wedge . I think volatility stays tight which should bring RSI well into overbought territory. Then I would not be surprised to find a big correction. I am waiting for my long signal which will likely trigger with a small pullback from here.
#nasdaq100 with #nfp tomorrow, #ndx has two options. give us a wedge fill and a balance for the 15525-500 level. creating more room for #demand. or the #bulls pull to 15800-16k and give more room for #supply. #nq might be crazy in it’s distribution and accumulation this friday. i’m generally long cos’ i’m mostly swinging. but as if you a #daytrader consider my...
Although we saw heavy Distribution in the NQ, it has abated for now. Price continued to move Lower on reduced Selling... The range is easily tradeable within the wedge. Unfortunately, we will not know until tomorrow which direction it will break. There remains a far higher measured move to 16,018 above and a far lower measured move below to 15526, a near...
zoomed out to notice the larger picture impulse and corrective behavior. a 3rd impulse would be the "right" thing to do according to elliot wave.
The default way I look at the market is that it's always going up. That is why I mark up charts with a bearish bias. Not saying I think this is what will happen, but this is how I attempt to cover both sides.
NQ remains the playground for increasing Volatility. Every SELL is met with increased prop from BR/VG. We have closed TQQQ Sells in a slight Profit, waiting for the Friday trading action as the VIX / VXN have both failed. We trade Rules by Price. The range IS expanding, with 16018 now open as is 15526. An rather large range to trade and one that should...
NQ filled it's Gap during Globex. Close for RTH @ 15611. Prior to Asia opening Price moved up to a Front Run of the Intra-Day 50% @ 15637.50 by 6 Ticks. ES YM RTY sell bias at present 21:10:22 PM EST. VIX, although dipping in 4 Ticks below 18.15 caught the Bid. It's going to be a long night for traders until this breaks, probably near 03:30:00 AM EST. It...
SPX found support at the 2 hour LBB while NAS has lost the MBB. The Lower High off Nas' UBB resistance after the ATH prompted a short frame consolidation. Price has found the middle of the Diamond Range as we approach NFP eve.
Let's go fill that Fat Gap. NQ failed 2nd attempt while VIX coming into support again. Going to be Sporty very soon.
Caution warranted on Buy Side as VIX is competing the Lower Boundary Target ahead of the NYSE open. The probability for an Intra-Day reversal is building ahead of RTH. We are buyers of the 18.40 level and below. YM weakest Instrument at present. Our Trade Plan is now within parameters for SELL entries.
Selling entered the TECH Complex ahead of the NYSE Open. What could possibly go wrong now? Powell hawkish. Yields falling. DX weakening. All good for the band of Fankids. One problem.... C H I N A. One more squeeze, please.
The NQ one hour time frame is in an up channel. The market is at the top of the channel. It will be a good idea to wait for the market to form a counter trend line break bullish either at the bottom of the channel or above the channel. Entry: Counter trend line break bullish near a known level of U-turn either above the channel or near the bottom of the...