NQ Power Range Report with FIB Ext - 8/1/2024 SessionCME_MINI:NQU2024
- PR High: 19644.25
- PR Low: 19582.25
- NZ Spread: 139.0
Key scheduled economic events
08:30 | Initial Jobless Claims
09:45 | S&P Global US Manufacturing PMI
10:00 | ISM Manufacturing PMI
- ISM Manufacturing Prices
FOMC day saw strong breakout from prev end of week range
- Continuing above prev session high
Evening Stats (As of 10:15 PM 7/31)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 373.80
- Volume: 35K
- Open Int: 245K
- Trend Grade: Bull
- From BA ATH: -6.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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
Volatility
Citigroup Could Be Inching HigherCitigroup has recently inched higher as the broader market pulled back. Now some investors may think the banking giant will continue upward.
The first pattern on today’s chart is $63.46, the close on June 28 and the last price of the first half. C tested and held it in two separate weeks. It’s also near the peaks of May. Has new support been established at higher levels?
Second, the 50-day simple moving average is rising from below. That may suggest the intermediate-term trend is bullish.
Third, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may suggest the short-term is bullish.
Next is the series of higher weekly lows. That may suggest the long-term trend is bullish.
Finally, the dip in Bollinger Bandwidth indicates that movement has narrowed. That could make traders look for price movement to expand if C manages to make a new high and surpass levels from early 2022.
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NQ Power Range Report with FIB Ext - 7/31/2024 SessionCME_MINI:NQU2024
- PR High: 18998.00
- PR Low: 18861.75
- NZ Spread: 304.5
Key scheduled economic events
08:15 | ADP Nonfarm Employment Change
09:45 | Chicago PMI
10:30 | Crude Oil Inventories
14:00 | FOMC Statement
- Fed Interest Rate Decision
- FOMC Press Conference
Maintaining range of previous week
Evening Stats (As of 10:45 PM 7/30)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 354.45
- Volume: 37K
- Open Int: 252K
- Trend Grade: Bull
- From BA ATH: -9.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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 - 7/30/2024 SessionCME_MINI:NQU2024
- PR High: 19237.50
- PR Low: 19206.75
- NZ Spread: 68.75
Key scheduled economic events
10:00 | CB Consumer Confidence
- JOLTs Job Openings
Maintaining previous week end range
- Showing potential to roll over below 19100
Evening Stats (As of 10:15 PM 7/29)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 329.53
- Volume: 20K
- Open Int: 254K
- Trend Grade: Bull
- From BA ATH: -8.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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 - 7/29/2024 SessionCME_MINI:NQU2024
- PR High: 19242.25
- PR Low: 19167.75
- NZ Spread: 166.75
No key scheduled economic events
Daily print showing potential reversal long
Evening Stats (As of 12:25 AM 7/29)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 336.61
- Volume: 37K
- Open Int: 248K
- Trend Grade: Bull
- From BA ATH: -7.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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
DCF Bets: AUD-7/CHF+5Today's market indicates a Bull Trap (liquidity pattern) aligned with the direction of capital flow, making it advantageous for a short position on AUD-7/CHF+5 with a risk-to-reward ratio of at least 1:2. Additionally, a gap that is likely to be filled supports this setup. My total risk for this trade is approximately 5%.
NQ Power Range Report with FIB Ext - 7/26/2024 SessionCME_MINI:NQU2024
- PR High: 19035.00
- PR Low: 18998.75
- NZ Spread: 81.25
Key scheduled economic event
08:30 | Core PCE Price Index (YoY|MoM)
Holding above 19000 inventory inside prev session range
Evening Stats (As of 1:25 AM 7/26)
- Weekend Gap: +0.25% (filled)
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 337.02
- Volume: 30K
- Open Int: 249K
- Trend Grade: Bull
- From BA ATH: -8.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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
QQQ rangbound bearish bias SHORTQQQ on the daily chart hit a hpivot high on 3/21 followed by a slight downtrend of 1-1.5 %
overall this past week. Buying volumes are low. The Price Momentum Oscillator has
reversed to bearish and the Raltive Trend Index has entered the chop zone and is heading
bearish. Price is presently one standard deviation above the intermediate-term anchored
VWAP. Reversion to the mean suggests another 1% move downside before VWAP support
exerts itself. Price is compressing in a symmetrical triangle. Accordingly, I am expecting
a move down before a potential reversal in a VWAP bounce from that support.
NQ Power Range Report with FIB Ext - 7/25/2024 SessionCME_MINI:NQU2024
- PR High: 19304.50
- PR Low: 19257.50
- NZ Spread: 105.0
Key scheduled economic events
08:30 | Initial Jobless Claims
- Durable Goods Orders
- GDP
Continuing strong value decline
- Recent political news taking the blame
- Broken 2 daily pivots, ~20400 & ~19800
- ~1000 points from 20-Keltner Avg
Evening Stats (As of 11:15 PM 7/24)
- Weekend Gap: +0.25% (filled)
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 323.73
- Volume: 32K
- Open Int: 250K
- Trend Grade: Bull
- From BA ATH: -8.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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
TSLA basing on its volume profile for a trade LONGTSLA on the highly reliable weekly chart is at the bottom of its volume profile in the lower
part of the high volume area. The TTM Squeeze Indicator ( TTM = Trade the Market John Carter)
has printed a signal for four weeks. The RSI faster and slower lines are near to the 50 level.
The mean relative volatility has steadily decreased and this is in an increasing squeeze state.
This is a setup for a patient trader to take a position in a swing trade. I am looking for a trade
into the upper part of the high volume area and so to the 240-280 range. I will get some shares
as well as a few call options for November (ITM). TSLA will be subjected to a number of
variables making the trade a bit risky including the Musk compensation battle, the China
economy, competition with Chinese EVs in Europe, federal rate actions and the presidential
elections as well as the evolution of self-driving. It is TSLA's volatility that makes it a great
trade. My entry signal here is a TTM indicator going black to white.
NQ Power Range Report with FIB Ext - 7/24/2024 SessionCME_MINI:NQU2024
- PR High: 19883.00
- PR Low: 19786.25
- NZ Spread: 216.25
Key scheduled economic events
09:45 | S&P Global US Manufacturing PMI
- S&P Global Services PMI
10:00 | New Home Sales
10:30 | Crude Oil Inventories
Massive gap down between sessions
- Racing to close weekend gap, closes <19710
Evening Stats (As of 12:05 AM 7/24)
- Weekend Gap: +0.25% (open < 19707)
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 299.82
- Volume: 38K
- Open Int: 243K
- Trend Grade: Bull
- From BA ATH: -5.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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 - 7/23/2024 SessionCME_MINI:NQU2024
- PR High: 19998.25
- PR Low: 19973.00
- NZ Spread: 56.25
Key economic calendar event
10:00 | Existing Home Sales
Inventory response back to 20000 value area
Evening Stats (As of 10:25 PM 7/22)
- Weekend Gap: +0.25% (open > 19707)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 298.08
- Volume: 19K
- Open Int: 249K
- Trend Grade: Bull
- From BA ATH: -5.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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 - 7/22/2024 SessionCME_MINI:NQU2024
- PR High: 19794.75
- PR Low: 19727.25
- NZ Spread: 150.75
No key scheduled economic events
Declining further from ATH
- Below daily 20-32 Keltner avgs
Evening Stats (As of 11:05 PM 7/21)
- Weekend Gap: +0.25% (open > 19707)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 300.89
- Volume: 43K
- Open Int: 249K
- Trend Grade: Bull
- From BA ATH: -5.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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
How to read the VIX properly
This video explains the VIX indicator, how I use it to guide my trading decisions, and my perspective on the market. You can download the TradingView indicator for free, as it is open-source. Additionally, I'll provide a link to my Thinkorswim version in the YouTube video description. The VIX is an excellent tool for market guidance, based on options trading activity 30 days out on the S&P 500. It indicates market fear when it rises due to increased options buying and selling. Thank you for watching! If you have any questions or comments, feel free to share them—I enjoy discussing these topics. No indicator is perfect, but I use this one daily to gauge the market.
NQ Power Range Report with FIB Ext - 7/19/2024 SessionCME_MINI:NQU2024
- PR High: 19936.25
- PR Low: 19976.75
- NZ Spread: 90.5
No scheduled key economic events
Continuing value decline into 19800 inventory from a month ago
Evening Stats (As of 1:45 PM 7/19)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 292.96
- Volume: 28K
- Open Int: 251K
- Trend Grade: Bull
- From BA ATH: -4.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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 - 7/18/2024 SessionCME_MINI:NQU2024
- PR High: 20067.00
- PR Low: 20024.25
- NZ Spread: 95.75
Key economic calendar events
08:30 | Initial Jobless Claims
- Philadelphia Fed Manufacturing Index
Strong rotation breaking below key inventory levels
- Response inside Keltner cloud off 32 avg
Evening Stats (As of 11:45 PM 7/17)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 287.94
- Volume: 26K
- Open Int: 254K
- Trend Grade: Bull
- From BA ATH: -4.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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
SQQQ leveraged inverse QQQ LongSQQQ on the 15 minute chart has trended down into a reversal at the end of the last trading
session. A snapshot of the 3 minute chart inlaid shows a reversal about 14:45 EDT 75 minutes
before market close. I took a long trade of shares and call options striking $10.00 for June 14th
at that point. I am expecting a 5% quick return on the shares and far more on the options.
The relative volatility indictor is helpful to further pinpoint the reversal for best entry.
(red to green) The set of Hull Moving Averages ( 14 and 35) also serves to signal "death" and
"golden" crosses which serve to further aid trade entry accuracy. The relative volume indicator
( of veryfid) also helps in that regard. It has extreme volume spikes in black. OF particular
interest, the last 15 minutes of the trading week has a volume spike of buying in SQQQ.
This comforts me to know that other traders saw what I saw. I am fortunate that I saw it
about 45 minutes before them and got a better price. This demonstrates the value of indicators
and knowing how to apply and interpret them. Trading is not as complicated as the pundits
and the fee for services and trading room coaches will have you to believe to make you
financially dependent on their "guidance and assistance".
NQ Power Range Report with FIB Ext - 7/17/2024 SessionCME_MINI:NQU2024
- PR High: 20597.75
- PR Low: 20578.75
- NZ Spread: 42.5
Key economic calendar events
10:30 | Crude Oil Inventories
Virtually no chances, maintaining week range
Evening Stats (As of 10:05 PM 7/16)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 263.73
- Volume: 10K
- Open Int: 255K
- Trend Grade: Bull
- From BA ATH: -2.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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