Anyone else seeing what I'm seeing? Am I f***** crazy?
its a little early for "i told you so" traders who only wait until something happened before they tell you about it, but this downtrend has to break at some point in time. I will now show you the same formation on the 240 charts.
Well that was fun, 157 Handies off DEC. Closed 2 on break of TGT Lows. Looking like much more to come. Closed ES @ 4410 from 4441. Closed YM @ 35101 from 35488 Closed CL @ 66.56 from 67.54 Closed VX @ 21.00 from 19.80 IN/OUT Burger on SOXS 2x for 37 ticks x 35K avepos. Closed RTY @ 2164 from 2199 TESLA - why bother, a very large percentage win. AMC - bag...
Protection is being bid again in a larger than usual front run of Gap Fills below for the September Contract. Don Jerome Pablo Escobar Gavaria Powell made certain yesterday's close was another barn burner after announcing September would see the taper arrive. Thinking about thinking about thinking about thinking has concluded. All the signs were there, and......
RTY is oversold but it's also the one index that seems to linger there for a while. See highlighted example. We'll see if it bounces or not....
RTY one hour time frame is in an up channel. The market is at the bottom of the channel. If the market can give a counter trend line break bullish while staying above the bottom of the channel. The research shows there is a strong history the market could increase +600 ticks towards the top of the channel.
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...
As Independent Producers are failing one by one.... The Gamblers continue to BID the Russell 2000. When this fails, it will lead. The declines in the RTY will outpace all other Instruments including the distant 2nd, the NQ. Patience, HUGE Trade setting up here.
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...
It's looking like a meltup on all indices again. NQ climbing up.... rates stabilized
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.
Here is an example of a trade I find appealing to take because price has shown me several times that it is going to stop at the area below. It might not do it again now that it highly evident, but I like this type of thing a lot better than trying to predict the support areas. Price has clearly shown in the past that it will receive some buyer support at the 2226...
Looks like RSI needs to go oversold before a bounce. Inidcators all neutral for all indices, NQ looks bullish, everything else looks bearish. Possible gap up then drop tomorrow because FDAX looks like it wants to retest the top.
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...