Watch this bear flag to break and we see 11165-35 very quick. Main support is at 11234, breaking that will flush quick I have the price down to even 11050-60 level. Very important to hold here. My thinking is we sell off into the open and move up after Powell speech tomorrow am Today's action off the low could be another trap for the perma bulls to call it the...
Here are the support levels to watch: - 11167-75 (My target for a while) - 11058.50 - 10656.50 Maj Resistance is at 12260, above and it will squeeze back to 14k imo But the pressure is still down, Oct should bring 10k zone imo. My plan for tomorrow is buy am lows Have a good night
A very correct and strong analysis, we achieved the conditions and came down strongly, and it is likely that the landing will continue to the target.
Here is how NQ is different then the SPX just posted
The price rejected the test of the broken trendline - perfect kiss of the death pattern. My thoughts about a fakeout were too optimistic, I was looking to add to my NQ short at higher levels and it didnt present an opportunity. Main target for this move is 11175-85 and possibly much lower. Try not to day trade this, unless you're quick with taking profits and...
Check the broken to the downside trend channel re-test NQ is having now. So far its riding it from the bottom. I wont count out a fakeout move up to 12150-60 or even 12240-50 and then going back below the bottom of the trend channel. Support is at 11900 for tomorrow long try. If we see that level during the open time, I will be taking long for a 100+ points ride...
Im short from here, stop just above today's highs Might close before the close or AHs, tomorrow might spike up higher for a fakeout and then start selling into the 16th low P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
Posted this on the Sep 8th: We hit the target! Now support at 12465. I will be shorting tomorrows open if we re-test the highs. Looking for a low on the 13th and press higher. If we see the high on the 13th instead, then we down into the 16-19th. My ideal pathway is low on the 13th and up into the 19-21st, then big sell off into EOM If we get above 12830, then...
As we said beforehand, if the very strong support area breaks, it will go down very hard, and it has achieved all the conditions
Im shorting this move today and will hold into the 29th, then long for the window dressing rally, ideally we top on or right after the Labour Day on 1-3min it's a clear bear flagging, next pump will get me short with a stop above the highs
I want to point out this bear flag, both on the ES and the NQ, perfect fib alignment into 12703-20 zone. Tomorrow is a panic cycle day, will it be a gap down and reversal or we just break down? My timing for the low is still the 25th and possibly 29th Will do ES update next
It seems everyone is bullish now and desperate for a move up. There is a chance of seeing the whole move down to 12700-20 by tomorrow tomorrow am! I will be shorting any bounce with a tight stop and going long at 12700-20 for a good size move up, maybe even to new highs. The R/R is much better at 12700-20 then at this point. Have a good night
NQ main target is 12700-20 as per my last update. Its not as far any more isnt it Notes from the last night update: NQ: - Tomorrow's important levels to hold at 13100 and especially 13065 - I'm looking for the NQ to hit 12700 zone by the 25-26th on Aug and then a last push to 13900 by Sep 2-6th to finish this move up. This is a bullish pattern I'm watching -...
Im tracking the pathway of the NQ to hit 12700 zone by the 25-26th on Aug for a last ideal push to 13900 to finish this move up. There is also a possibility of a lower high of 13400-13450, but I will update on what I see after we hit the ideal low Tomorrow's important levels to hold at 13100 and especially 13065
Im looking for a good size gap down tomorrow to mark the top, otherwise we can still press higher . The low should come either on the 22 or 26th. I personally like second date as it would be a perfect long setup going into the long weekend bull trap. Ideally next high (if we topped) is a lower high. Also will be looking at turning week, if we close lower then...
Holding am high will get us eventually to 13205, ideally tomorrow, then another good size bounce on Thursday.
I have sent a bigger update to those who are on my email list with an updated SPX chart, which I will post tomorrow after I see reaction of my main target. NQ update for tomorrow: - NQ Maj support is at 13510, break it below and retested will be a perfect short for a trip down to 13130-200, depending on the time of landing. - NQ I have also a good fib confluence...
Tomorrow is a day for the high, the day after is a turning day. It can extend into 13806 and 13866-88. Want to see a good size pullback into the 26th and then possibly one more push into 14k zone. 200% extension off Jun lows is at 13866 Im short 2.5NQ as of close, will take profits if we get a good size pullback.