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Thanksgivingweek

NQ Power Range Report with FIB Ext - 11/22/2023 SessionCME_MINI:NQZ2023 - PR High: 15970.00 - PR Low: 15942.50 - NZ Spread: 61.5 Key economic events 08:30 – Core Durable Goods Orders - Initial Jobless Claims 10:30 – Crude Oil Inventories 14:00 – FOMC Meeting Minutes Last full trading day of the week - Market closed tomorrow for Thanksgiving Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 223.43 - Volume: 21K - Open Int: 279K - Trend Grade: Neutral - From ATH: -5.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 15247 - Mid: 14675 - Short: 13531 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.
CME_MINI:NQZ2023
by mv3trader5
Nasdaq average returns (before and after) ThanksgivingBased on the observation that US equity markets tend to perform well heading into Thanksgiving, we decided to take a proper look at the figures. And it turns out, the Wednesday ahead of Thanksgiving tends to average the strongest positive returns of 0.54% with an 80.6% win rate. The Nasdaq followed its seasonal tendency to rise on Monday, and closed at a 22-month high above 16k. Whilst Tuesday tends to be a down day, it has risen 52.8% of the time which explains the positive median return. But in a nutshell, the Nasdaq tends to rally into Thanksgiving and weaken the following Monday. And with RSI 2 and RSI 14 overbought alongside hype of strong Nvidia earnings, bulls may want to err on the side of caution next week - especially if we see a strong rally on Wednesday.
NASDAQ:NDXLong
by CityIndex
$SPY $SPX Analysis, Key levels, and Targets $SPY $SPX Analysis, Key levels, and Targets You’ve got to admit… this chart is pretty sexy, even though I made a ton of mistakes trading it in the past two weeks…. And honestly… Stupid Willy was trying to tell me, but I was stuck in my bias…. We’re coming up to a level that has a lot of interesting things… we’re right at the down gap, and there’s an up gap running right through the middle, the Daily 200MA (light blue dotted line) and the dark blue downtrend line (dark blue dashed line) that has been respected all year…. Truly beautiful… VIX got crushed and there’s some gaps to fill… I’ll publish that next… I definitely have ideas if we move into that gap… Looking into puts on the March 17th contract but I’m not sure which strike yet, It will be ITM and around the 60-65 delta strike… Are we going to get a Santa rally? I’m pretty sure that everyone is wondering this right about now… for right now I’m going to say no, but I’m staying open minded… and trading both ways until I get a clear sign… but honestly, I think we see down sooner than later… Let me know your thoughts… Tomorrow is a half day, markets close at 1pm and it should be a slow day, but let’s see what happens….
AMEX:SPYShort
by SPYder_QQQueen_Trading
4
$SPY $SPX Analysis, Key levels, and Targets $SPY $SPX Analysis, Key levels, and Targets So I haven’t been trading SPY that heavily the past few days… mostly because my indicators are so mixed… they are just saying It’s thanksgiving week so the low volume is to be expected but it is just SO bad and I don’t do too well in low volume atmospheres… I had a few small bearish plays that did not go too well, but again they were super small…. I don’t know… I might keep it super light this week, and just eat a bunch of food instead of trade…. We shall see… But we are back at the 400 level…. And VIX got absolutely crushed…. I’m going to wait for a better signal on the SPY… nothing looks like a great play here right now but if VIX fills that gap under 20 I’m going to have to buy some leaps somewhere… Wow, I haven't had a week where I just didn't want to trade SPY in a while, but dang, this volume was brutal today...
AMEX:SPY
by SPYder_QQQueen_Trading
3