nasdaq is dropping pretty hard this morning. all markets are getting sold into. right now it is very hard to feel like it won't go lower.
NQ's TGT range for today - 15620/15663. Our initial series of SELLS were exited @ -$13,160 We continue to look for large Sell from 15620 - 16019. 100% CASH presently TQQQ 10% / SOXS 8%, / NQ/MNQ 20% / SMH DEC Puts 2% Tech will remain 40% of all SELLS at higher entry.
Almost at the upper line of my channel. I also published an ES update.... NQ might have one more up day though....
Nasdaq continue to ride the 2010-2011 Peak's Upper Trend Line. VXN's range is disturbing as it broke the 19 level. 13s are now open for a potential blowoff. Banging its head repeatedly, it has been difficult to ease into a SELL position that can be held... new highs, larger negative divergences. Straddling the Upper Boundary on the Weekly chart remains the...
Options flow gives big edge on market, very often predicting moves before they happen on Futures instruments. By applying custom indicators reading Options flow data, it is possible to receive levels that can play important and leading role in Intraday Trading. When we add to this basic understanding of market mechanics, then we can have significant edge in...
Options flow gives big edge on market, very often predicting moves before they happen on Futures instruments. By applying custom indicators reading Options flow data, it is possible to receive levels that can play important and leading role in Intraday Trading. When we add to this basic understanding of market mechanics, then we can have significant edge in...
The market is about to end the month of August with strong gains. In my previous post I mentioned the upside target monthly R1, it's been tagged and remains a support until broken. The price is on the way to retest monthly R2. A breach of monthly R1 and return back into the previous consolidation would be a warning sign. Consider larger timeframes like weekly...
Friday's WRR was symptomatic of how the Order Book and Market @ depth can be rung like a Bell - Every stop was smoked. We held 493s @ 12 after peeling off the same ahead of Thursday. A solid and comfortable buffer of 8 Handles giving us a 501 B/E - Stop was 96, the reaction level and prior PO. Wrecked in minutes, All positions took the poker, hot. NQ was the...
well this push was something really unexpected, specially after the base on top. Current move invalidated my levels, and switched to bullish on Aug 23, and made this a long set up. Hard to say on ATHs, but is what the market wants to do and we'll just profit from it.
We expect the Nasdaq to continue its corrective movement and reach an area around 15139 points, followed by an upward move towards 15606 points. It is important that the course does not fall below 14851 points. See you next week!
markets made a fast drop during the day session yesterday, collected, then dropped again. This means there was a higher than typical seller interest. Blood is now in the water as they say. If there was ever a day fit for selling it might be today.
NQ and the Balance of Equity Instruments traded to resistance overnight ahead of Today's Macro Data and Fed Chair Powell speaking @ 10:00 AM EST. Kaplan's expected reversal of reversal Taper, came and went. Bullard was extremely Hawkish yesterday. IF Powell is less so, the DX will decline. Financials remain in SELL. Bonds remains in a SELL. ROCs in 10Yr need...
Tech finally has begun to drag down the balance of the Equities Complex. Price has broken the Pivot level of 293. The VXN reversed of its Lows. Distribution Patterns are confirmed. Lower lows ahead, the selling should exceed 200+ points from the ATHs for this initial move lower.
reversal formation spotted, and spike low could be viewed as a search for liquidity before rolling higher.
Although the correlation between Rates and Financials has broken due to the steep decline in lending and CASH Hoarding... The DX and 10Yr Yields will drive the NQ Price Levels. NQ is a hot mess at present. Indecision is the undercurrent. We have been SELLERs all week. Geopolitical RIKS is highest for NQ as China is shuttering its Finances and Economy from...
it might just be a collection lower, but several days of price not going anywhere. Might be ripe to go lower. The volume profile worked well in this case.
Good Morning - Hope this finds everyone well. The Virtual Jackson Hole Symposium begins a 3 day affair today. _______________________________________________________________________ Bonds Macro Data includes Preliminary GDP and Unemployment Claims @ 8:30AM EST. Economic Calendar - www.investing.com Bonds out the Curve 10Yr (ZN) - 20Yr (TLT) - 30Yr (ZB)...
96s were our 2nd entry, Tech will lead the declines. Broad Market Selloff today as Dippers have left the arena. Expecting 500 to be yanked out from under NQ this week.