Weekly Engulfing Charts are clearly not a preferred look for the Buy Side and those riding the Bullish Tilt-O-Whirl - Bodies are being flung everywhere. The Dollar is doing its thing, it ran to our PO at 107.65 with a 107.67 print and reversed yet again. it's been a pattern as the EuroDollar continues the ties that bind, Dollar shortages create demand until the...
i dont know how SEO for tradingview works... I posted about the buying before the friday close when nq had dropped to 11800 and everyone was extremely bearish... i posted this idea which you can see here but its not ranking; hence I am posting this again we have broken below sept 7 low.... the sentiment is extremely bearish but the evil plan is to take the...
Money still flowing into small caps, and a bunch of garbage stocks look squeezy again like PTON for example. Even if you're bearish, I don'rt recommend shorting anything with high short interest No positions since I'm taking a break tomorrow.
Higher lows are required to provide the Flip into Higher Markets off of the Lows at the 390.85 Level. 394 is backtesting Support 399.50 is the initial Resistance. Powell Speaks at 9:10 AM EST after - 8:30 AM EST to provide both Initial and Continuing Jobless Claims. Chicago Fed President Charles Evans speaks @ Noon, followed by Consumer Credit @ 3 PM...
August did not end well for Buyers. Rate Creep across the curve applied pronounced pressure. RISK OFF is in trade across all Sectors within the X Complex. TNX from a Rate perspective - Rate instability and lower rates? At present, No. Bond VX is kicking up. It is however not damaging Banks as of yet, Financials are hanging on... slightly. Will the VIX Spike...
The RTY daily time frame is in an up channel. The market is near the bottom of the channel. If support holds. It is expected the market to push bullish towards the top of the channel price point 2076.3 about +2,840 ticks above the market. It will be a good idea to turn to the one hour time frame and to look for low prices in the buy zone.
What a mess, a very violent and choppy mess of a Market. Let's see if they can recapture the 377... It's a Buy/Sell Hall of Mirrors with the 1 Hour Death Cross being a 199/377 2X affair. The Range continues to expand - from 388 to 404s For the ES - 3910 to 4120. NQ - 12070 to 12714/12818 ________________________________________________ The week is young,...
Friday was rough for Traders' offsides. I'm reluctant to even state the obvious at this point as it is self-evident. If you were on the incorrect side, feel for you as it was an insidious trap. In conversations with Traders, the large majority were Buyers for Friday. My bias was lower and a Negative close as SPX buyers had positioned for the Kill. The Falcon and...
Many Sellers (Bears) missed the Selloff, and many Buyers (Bulls) failed to take profits at the 199 EMA tap. Frustration abounds and will remain leading to many emotional trades being placed for both sides. Indices traded into the Lows of their ranges and held for 3 days. Buyers need a TOSS to get things going to the upside for 420+. Buyers need to not hear...
How often does the Market reward both when they are aligned? Not often. Rare to see both seeking Prices to move higher, and potentially why Wall Street will shake things up with a few surprises. Volumes declined significantly yesterday. NVDA reports today. ________________________________________________________ In all probability, they will attempt to...
Increasingly, competitive crosscurrents are creating notional Equity Directional disturbances. A large number of Investors/Traders have convinced themselves the Federal Reserve was attempting to Bluff the Markets. Running Indexes up off the Mid-June at the greatest rate of change in history once the SloMo began to move through its varying psychological...
WE REMAIN IN A BEAR MARKET, regardless of the Retracement. The 50SMA is 35 handles below the 200SMA. Bullish? Definetely not. That said, the Riggers on the Trigger will continue to bleed out every last cent prior to the next sudden and very sharp decline. For now they have the Ball, but "Inflation is at Zero" from the Admin has found new heights of...
Is the melt up over? Seems like RTY rolled over, and the squeeze appears to be over except meme stocks like AMC
We are at the first maj resistance - 110MA Weekly magnet. RTY hit 200MA on daily, while others are lagging behind. - 2032-85 is where I think this move will be capped, if we actually extend above 110MA. It can still extend up to 2084-2108 I expect tomorrow red close
I haven't look at RTY for a while now, till the Fri close where I shorted it at 2015.50, willing to add if we stretch into the maj resistance zone right where the upper Bollinger is, that is also a 2.618 extension off the lows RTY is overextending on the upside and downside compare to SPX . We hit 50% retracement off 2020 lows in June and I see the whole way as...
Trading pleasure abounds as the FED's non-sense continues unabated. A thrill ride out of Bear Market Territory for ES 3849.50, the NQ was the laggard at 13414. 13392 the larger Pivot for the NQ Futures, a hidden one, but the DOM suits it rather well. "Exiting the Bear Market" is the new mantra, narrative, and fresh bullhorn as we see "Inflation - Come Off" -...
Short Term Elliott Wave View in Russell 2000 suggests the rally from 6.17.2022 low is unfolding as an impulse Elliott Wave structure. Up from 6.17.2022 low, wave 1 ended at 1795.1 and pullback in wave 2 ended at 1680.6. Wave 3 higher is in progress as a 5 waves impulse structure. Up from wave 2, wave ((i)) ended at 1783.6 and pullback in wave ((ii)) ended at...
ES and RTY MFI are way overbought, NQ and YM are neutral. Every index is already off premarket high. A lot of garbage stocks look like they're going to gap up, so it could be an exhaustion gap today.