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Pivotpointshighlow

NQ Power Range Report with FIB Ext - 8/5/2024 SessionCME_MINI:NQU2024 - PR High: 18390.00 - PR Low: 18269.25 - NZ Spread: 270.0 Key scheduled economic events 09:45 | S&P Global Services PMI 10:00 | ISM Non-Manufacturing PMI - ISM Non-Manufacturing Prices Sustaining high volatility with wide weekend gap - Weekend gap down remains unfilled - Value deline ~300 points below Friday's low Evening Stats (As of 10:55 PM 8/4) - Weekend Gap: -0.66% (open > 18515) - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 438.33 - Volume: 66K - Open Int: 244K - Trend Grade: Bull - From BA ATH: -13.6% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 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
CME_MINI:NQU2024Short
by mv3trader5
Is #PEPE still headed for the moon or is the rally done?I don't trade this coin, but here is what I was talking about on this morning's Wolf of All Streets Podcast with a bit more information. My count suggests that wave (iii) of ((iii)) terminated at the current swing high. Since, then wave (iv) has been printing what appears to be a flat correction. If so, then it is likely complete at the swing low. However, further decline has targets of the 38.2% and 50% retracement levels, respectively. The targets are based on the completion of wave (iv) and are denoted by the red arrows. It's possible that a double top formed, which would give us a pattern target of the 50% retracement area at the hourly pivot. But we need to see further breakdown to confirm that likelihood. Failure to do so will invalidate the pattern. So, if price rallies, instead, then an impulsive breakout above the descending purple resistance will signal that wave (iv) is likely complete. Further breakout above the wave b extreme will add confidence to the count. And wave (v) of ((iii)) has one of the red arrow targets depending on which of the pullback targets is hit. Basically, I'm looking for an impulsive breakout above the purple line to signal that wave (iv) is likely complete, no matter which pullback target is hit. Further breakout above wave b will signal that wave (v) of ((iii)) is likely in progress to one of the aforementioned targets.
by Chris_Inks
SPY Pivot PointSPY is at a pivot point right now and everyone is holding their breath as to what will happen. The trend has not yet broken because according to the DOW theory, it is a downtrend when you have a lower high and a lower low. In this case, the trend continues. Despite the data that came out on Friday, the market still has a room to fall. There is a Fed meeting in mid-December, which will determine whether they will continue to tighten the economy at the same pace or start reducing the rate hike. A cooling in the inflation numbers is noticeable, but at a very slow pace given the fed funds rate. Frankly, I wouldn't be surprised if by the end of 2023 the fed funds rate reaches double digits to meet the Fed's 2% inflation target.
AMEX:SPYShort
by sylvestertsochev26