NQ Power Range Report with FIB Ext - 11/22/2024 SessionCME_MINI:NQZ2024
- PR High: 20808.00
- PR Low: 20758.50
- NZ Spread: 110.50
Key scheduled economic events
09:45 | S&P Global US Marketing PMI
- S&P Global Services PMI
Retaining value inside Friday 11/15 range, below 20880
- Holding auction in week highs
Session Open Stats (As of 1:45 AM 11/22)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 308.57
- Volume: 38K
- Open Int: 273K
- Trend Grade: Bull
- From BA ATH: -2.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 21525
- Mid: 20954
- Short: 19815
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Overnight
NQ Power Range Report with FIB Ext - 11/21/2024 SessionCME_MINI:NQZ2024
- PR High: 20762.25
- PR Low: 20687.50
- NZ Spread: 167.50
Key scheduled economic events
08:30 | Initial Jobless Claims
- Philadelphia Fed Manufacturing Index
10:00 | Existing Home Sales
Rotation back inside Tuesday range following failed breakout above 20840
- Return to daily Keltner average cloud
Session Open Stats (As of 1:05 AM 11/21)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 307.87
- Volume: 42K
- Open Int: 277K
- Trend Grade: Bull
- From BA ATH: -2.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 21525
- Mid: 20954
- Short: 19815
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 11/20/2024 SessionCME_MINI:NQZ2024
- PR High: 20787.75
- PR Low: 20750.25
- NZ Spread: 84.0
Key scheduled economic calendar event
10:30 | Crude Oil Inventories
Rotation back into 20800 supply
- Break above daily Keltner average cloud
Session Open Stats (As of 12:35 AM 11/20)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 300.47
- Volume: 32K
- Open Int: 270K
- Trend Grade: Bull
- From BA ATH: -2.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 21525
- Mid: 20954
- Short: 19815
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 11/19/2024 SessionCME_MINI:NQZ2024
- PR High: 20640.25
- PR Low: 20603.50
- NZ Spread: 82.25
No key scheduled economic events
Retraced ~50% of Friday's selloff
- Auctioned contained inside of daily Keltner average cloud
Session Open Stats (As of 12:25 AM 11/19)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 294.52
- Volume: 26K
- Open Int: 268K
- Trend Grade: Bull
- From BA ATH: -3.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 21525
- Mid: 20954
- Short: 19815
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
AMZN: there's strong support here, but I'll wait for TL touchThis would likely be a daytrade or 1-2 day swing when this transpires anyway.
If I miss out on the reversal, it's better than entering too early.
One strategy is to enter slow, but that can be detrimental if you don't know what that means and if you don't have discipline.
Also there's a h/s on the 4hr candle-chart. So I'll wait.
Look at my AMZN short from yesterday. Paid well and hit targets. Puts are at least +100%.
SOFR Futures Curve
SOFR (Secured Overnight Financing Rate) is a benchmark interest rate that is based on the cost of borrowing cash overnight, collateralized by US Treasury securities. It is considered to be a replacement for the LIBOR (London Interbank Offered Rate) benchmark, which is being phased out by the end of 2021. SOFR futures are derivative contracts that allow market participants to trade on the expected future values of the SOFR rate. They are traded on the Chicago Mercantile Exchange (CME).
SOFR futures prices are quoted in terms of the expected SOFR rate at the time the contract expires. For example, a SOFR futures contract expiring in March 2023 may be quoted at a price of 98.50, which would imply an expected SOFR rate of 1.50% at that time. These prices are used by market participants to hedge against interest rate risk and to speculate on the future direction of interest rates.
The importance of SOFR futures lies in their use as a benchmark for a wide range of financial products, including loans, mortgages, and derivatives. As such, movements in SOFR futures prices can have significant implications for the broader financial markets. Traders and investors can use charts of SOFR futures prices to identify trends and patterns in the market and to make informed trading decisions. The ability to analyze and interpret these charts is therefore a valuable skill for anyone involved in the financial markets.
Futures curves are a series of futures contracts for a specific underlying asset with different delivery dates. The SOFR futures curve represents the market's expectation of future SOFR rates over time. It shows the current market pricing for SOFR futures contracts with different maturities. Each point on the curve represents a future SOFR contract with a specific expiration date.
Reading the SOFR futures curve can provide important insights into market expectations about the future path of interest rates. The shape of the curve can provide signals about market sentiment and economic conditions. In a typical yield curve, a steep upward slope suggests the market expects interest rates to rise in the future, while a flat or inverted curve suggests the opposite. The same principles apply to futures curves.
The SOFR futures curve is particularly important for markets as it serves as a benchmark for pricing various financial products, such as swaps and interest rate derivatives. Changes in SOFR futures prices can have a significant impact on the broader financial markets and the economy as a whole. As such, traders, investors, and policymakers closely monitor the SOFR futures curve to gain insights into the market's outlook for interest rates and to inform their investment and policy decisions.
Why short hereAsset markets are still overbought on the yearly scale, but really, shorting right here seems like asking for a slap in the face. I won't fall for the new popular narrative of panic shorting and everyone suddenly unloading their bags only AFTER a massive drop. I am a contrarian by necessity, not for convenience. I'll short when the crowd is comfortable going long again and the algos have unloaded their bags.
Good luck and hedge your bets.
Correlation between ON RRP and GoldHello Traders,
I hope you all are safe and good.
I wanted to show an interesting negative correlation between Fed's Overnight Reverse Repurchase Agreements and Gold Price.
You may also see a FRED GRAPH about that on below,
fred.stlouisfed.org
Question is ; Will there be much more weakness on Gold Price?
I guess we'll see that soon.
Share your ideas and comment below about that,
Have a good evening,
Stay safe.
$AVGR can rise in the next daysContextual immersion trading strategy idea.
Avinger, Inc., a commercial-stage medical device company, designs, manufactures, and sells a suite of image-guided and catheter-based systems used by physicians to treat patients with peripheral arterial disease (PAD) in the United States and Europe.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1.39;
stop-loss — $1.18.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$IFBD can rise in the next daysContextual immersion trading strategy idea.
Infobird Co., Ltd operates as a software-as-a-service (SaaS) provider of artificial intelligence (AI) enabled customer engagement solutions in the People's Republic of China.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $5.07;
stop-loss — $3.87.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$GBS can rise in the next daysContextual immersion trading strategy idea.
GBS Inc. operates as a biosensor diagnostic technology company.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4.98;
stop-loss — $4.13.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$ITRM can rise in the next daysContextual immersion trading strategy idea.
Iterum Therapeutics plc, a clinical-stage pharmaceutical company, engages in developing anti-infectives for multi-drug resistant pathogens in Ireland and the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $2.37;
stop-loss — $2.10.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$DARE can rise in the next daysContextual immersion trading strategy idea.
Dare Bioscience, Inc., a clinical-stage biopharmaceutical company, focuses on developing and marketing products for women's health in the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1.68;
stop-loss — $1.53.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$TRCH can rise in the next daysContextual immersion trading strategy idea.
Torchlight Energy Resources, Inc., through its subsidiaries, engages in the acquisition, exploration, exploitation, and/or development of oil and natural gas properties in the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $5.99;
stop-loss — $4.91.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$APTX can rise in the next daysContextual immersion trading strategy idea.
Aptinyx Inc., a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of novel, proprietary, and synthetic small molecules for the treatment of brain and nervous system disorders.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3.21;
stop-loss — $2.76.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$DOGZ can rise in the next daysContextual immersion trading strategy idea.
Dogness (International) Corporation, through its subsidiaries, designs, manufactures, and sells fashionable products for dogs and cats worldwide.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1.99;
stop-loss — $1.78.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$BBIG can rise in the next daysContextual immersion trading strategy idea.
Vinco Ventures, Inc. operates as a consumer product research and development, manufacturing, sales, and fulfillment company in North America, the Asia Pacific, and Europe.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4.41;
stop-loss — $3.67.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$SENS can rise in the next daysContextual immersion trading strategy idea.
Senseonics Holdings, Inc., a medical technology company, develops and commercializes continuous glucose monitoring (CGM) systems for people with diabetes in the United States, Europe, the Middle East, and Africa.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $2.91;
stop-loss — $2.52.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$ASXC can rise in the next daysContextual immersion trading strategy idea.
Asensus Surgical, Inc., a medical device company, engages in the research, development, and sale of medical device robotics to enhance minimally invasive surgery in the United States, Europe, and Asia.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $2.70;
stop-loss — $2.39.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$RMED can rise in the next daysContextual immersion trading strategy idea.
Ra Medical Systems, Inc., a commercial-stage medical device company, develops, manufactures, and markets excimer lasers for use in the treatment of vascular and dermatological immune-mediated inflammatory diseases.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4.35;
stop-loss — $3.70.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$TITN can rise in the next daysContextual immersion trading strategy idea.
Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $34.59;
stop-loss — $30.90.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!