ES SPY SPX preparing for a substantial Drop. We are anticipating 2 thrusts lower towards the 200SMA. It's been well over one year since we've seen a test of this level. For now, we are simply seeing further distribution on low volumes. A number of Divergences will complete this week after trading into the UTL (Upper Trend Line) and bring about the...
Buy J U N K, chase green bars, chase false overthrows... Patience, Analysis, Temperament, Constitution of Trade Plan - Probability favors all. BTD chasers. We'll happily take the opposing trade and here it is: Volatility Crush Reversal VIX Curve - ON Gap Fills of VIX Cash/Spot & VX Curve we will have completed inverse ladders on the...
TECH is a messy trade, the APEs, Fanbios and Degenerate Gamblers fail to see the structure, instead preferring to tout ATH after ATH. Irrelevant with respect to the larger picture which has clearly formed. The TECH Equities operate on Balance, TSLA is attempting to force a fill that requires the 780s to trade. Overlapping rotation from high to low end of...
Although the Nasdaq has been quiet lately, there is still much potential for another run! We expect the course to move further up and reach the zone around 15644 points, where a larger correction should await us. 14849 points are the mark under which the Nasdaq should not fall now. Happy trading!
MFI rising up from oversold condition. Looks to me like it wants an August rally like last year
No sooner had the $1.5 Trillion Infrastructure in free cheese been passed for the Kleptocrats and they begin shoving another $3.5 Trillion Green Agenda. Adding to Inflation worries while Global Supplies of the "Things we need" as coming up well short. Bonds - Perhaps the CPI is peaking here at 5% Equities - Inflation isn't Transitory Metals - We don't get...
TECH continues to hold for now. Large Divergences on the Daily TF have yet to take hold. The Apex of the ascending wedge completes @ ~ 15323 inching its way towards our PO @ 15363. Equities outside of TECH can rise due to financial components and favorable rate environments for Banks. NQ Bank a solid indicator. ES RTY and YM are finding footing into higher...
This always happens to me when I am analyzing. I have two strong strategies to consider, and they don't work together. Would love it if they could work together a little bit more.
SMH - Triple Divergence NQ - Triple Divergence QQQ - Triple Divergence Tesla Fanbois Gamma Squeeze #129 Fails again ES - Triple Divergence YM - Triple Divergence We are taking the Daily SELL SIGNALs as the VIX Fills the GAP.
nq looking bullish. I see a nice trade I could have taken, but when the opportunity doesn't occur in the morning the chance of me taking a position on it is essentially 0. Being in the right place at the right time is a deciding factor in trading. It may even seem at times like you need to have the god given gift of sheer good luck to win at trading. Here is a...
The NQ one hour time frame is in an up channel. the market is making higher highs and higher lows. There are two areas where a good buying trade could be found. A counter trendline break bullish near the bottom of the channel or a counter trend line break bullish above the channel. Entry: Counter trend line break bullish near the bottom of the channel or above...
Two reasons to be hesitant about going long at this point. The first being that its been in a rising wedge since mid May, hitting that top resistance several times now towards the tip. Additionally, its in the 161 and 188 fib area from two different regions, the first being February to March, and the second being the April to May area. As far as potential price...
As Geopolitical Risk continue to compound... TQQQ only Goes up, forever... Yeah, Naw, it doesn't. Painful reversal setting up in Tech. Between Yield dislocations and China, this is setting up to be an astounding DUNK. Patiently waiting to see IF the ALGOs fill the 15365 TGT. It's a Micro SELL on the way up. :)
Tomorrow is Ponzi Friday though so RSI might need to go overbought before a dip I do not recommend chasing tech though....
nq premarket. coming out of bull flag should have some juice behind it. Hitting ath supply zone and volumetric point of control to the downside are two large bearish ideas to factor in. market is open time to change focus.
AAII Bullish sentiment Indicator @ All Time Highs. ROC irrational optimism abounds - while sentiment remains extremely negative @ 38%. Housing Prices remain in an extraordinary Bubble with the 10yr approaching 1% from YCC. The ES SPY SPX Trend SLOPE is increasing. USDX appears to be supportive ~ 92. A weak US DX will shove assets higher within the Negative DX...
With the ES providing clear indications of a break @ 4370 yesterday, the Algos took it upon themselves to provide an immediate rescue, all ahead of 10AM EST. 4408 remains the key level for the ES as the UTL, it has pierced this level repeatedly. The Transitory Narrative gains minor traction with the Energy Complex having a difficult time. Energy leads, but...