NQ Power Range Report with FIB Ext - 10/30/2024 SessionCME_MINI:NQZ2024
- PR High: 20763.00
- PR Low: 20719.00
- NZ Spread: 98.5
Key scheduled economic events
08:15 | ADP Nonfarm Employment Change
08:30 | GDP
10:30 | Crude Oil Inventories
Breaking into new month highs on previous session trend
- Auctioning back towards ATH, ~400 points away
- Tapping 20800 supply, triggering short term rotation
Session Open Stats (As of 12:35 AM 10/30)
- Weekend Gap: +0.24 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 280.66
- Volume: 28K
- Open Int: 256K
- Trend Grade: Bull
- From BA ATH: -2.0% (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
Volatility
NQ Power Range Report with FIB Ext - 10/29/2024 SessionCME_MINI:NQZ2024
- PR High: 20525.50
- PR Low: 20489.25
- NZ Spread: 81.25
Key scheduled economic events
10:00 | CB Consumer Confidence
JOLTs Job Openings
Weekend gap filled
- Advertising rotation short off ~20711, month high
Session Open Stats (As of 1:05 AM 10/29)
- Weekend Gap: +0.24 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 277.97
- Volume: 24K
- Open Int: 249K
- Trend Grade: Bull
- From BA ATH: -3.4% (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
10/28 GEX of SPX for this weekThis week is especially exciting because, on Thursday, we’ll be releasing our automatic GEX level indicator! (Halloween night, yes, very spooky...) Here's a little preview of what’s coming—just a few more days to go, and we can hardly wait!
Based on the key aggregated GEX levels valid as of today's market open, we can see that SPX started the week in a positive territory following last week's minor correction. Currently, the gamma profile suggests positive outlooks through Friday as the market opened above the HVL level, which is now at 5820.
The primary levels to watch are:
Call Wall (5900): This level, with the highest positive Net GEX value, may serve as a strong resistance point this week. As the price approaches this level, upward momentum may slow as market liquidity tends to stabilize movements here.
Put Support (5800): This is the key support level where negative gamma presence helps cushion price declines. Should the price dip below this level, moves might accelerate, so it’s worth monitoring movements around 5800.
With the gamma profile above the current HVL level (5820), GEX is positive , which can help stabilize the market and support further gains. Observing options market dynamics, this level suggests the direction of momentum, where market participants may anticipate further upside. As we saw last week, this level could mark a point of heightened volatility for SPX!
Additional important levels, like the 2nd Call Wall and 2nd Put Wall, can also be seen on the chart, providing potential barriers and support points for price movements throughout the week. Gamma levels are updated multiple times daily and may shift with market moves.
Weekly GEX levels of QQQNASDAQ:QQQ began the week in positive territory at Monday’s open, with the current gamma profile projecting positive momentum through Friday as the price is positioned above the HVL level (496). Notably, below this HVL level is a substantial "vacuum" area, so if the High Volatility Level (496) fails to hold, we could quickly see a drop to 485, where Gamma Walls provide PUT resistance at 485, 482.5, and 480.
Key levels to note are:
Highest Call Wall / Call Resistance (500): This level, with the highest positive Net GEX value, may act as a significant resistance. Price momentum may slow upon reaching this level, as positive gamma stabilizes the movement. However, if it breaks through, 505 and then 510 could come into play.
2nd Highest Call Wall (510) and 3rd Highest Call Wall (505): These additional resistance levels could present further obstacles as QQQ’s price moves up, both showing high positive gamma activity that may limit upward momentum.
PUT Gamma Wall / Put Support (480): This is the most important support level, where negative gamma presence may buffer price drops. However, if this level is breached downward, declines could accelerate.
2nd Put Wall (485) and 3rd Put Wall (482) : These levels may serve as additional support points, providing buffers in case of further price declines.
Trading ICICI Bank Ltd. Using Fibonacci Channels
** Introduction :**
As a Fibonacci channel trader, identifying strong resistance and support levels is crucial for making informed trading decisions. The chart for ICICI Bank Ltd. on the NSE provides a clear illustration of these levels, helping traders predict potential price movements and plan their trades accordingly.
** Strong Resistance and Support Levels: **
The Fibonacci channels on the chart highlight several key levels:
- ** Support Levels :**
- 0.236 (966.75 INR)
- 0.382 (998.35 INR)
- 0.5 (1,023.90 INR)
- 0.618 (1,049.45 INR)
- 0.786 (1,085.85 INR)
- 1 (1,132.20 INR)
- ** Resistance Levels :**
- 1.618 (1,266.05 INR)
Currently, the price is at 1,299.40 INR, which is above the 1.618 Fibonacci level, indicating a strong bullish trend. The next resistance level to watch is around 1,360.00 INR, as indicated by the upper blue channel line.
** Prediction as a Fibonacci Channel Expert :**
Given the current bullish momentum, the price is likely to test the next resistance level around 1,360.00 INR. However, if the price retraces, it may find support at the 1.618 level (1,266.05 INR) or lower Fibonacci levels.
** Trade Type and Position Sizing: **
This trade can be classified as a trend-following trade, capitalizing on the ongoing bullish momentum. To calculate position sizing, use the formula:
Where:
- **Account Risk** is the percentage of the account you are willing to risk (e.g., 2%).
- **Trade Risk** is the difference between the entry price and the stop-loss price.
For example, if you enter at 1,299.40 INR with a stop-loss at 1,266.05 INR, the trade risk is 33.35 INR.
** Potential Entry :**
A potential entry point could be at the current price of 1,299.40 INR, with a stop-loss at the 1.618 level (1,266.05 INR) to manage risk.
** Personality Fit for This Trading :**
This trading strategy suits individuals who are patient, disciplined, and have a good understanding of technical analysis. It requires the ability to follow trends and make decisions based on chart patterns and Fibonacci levels.
** Conclusion :**
By identifying strong resistance and support levels using Fibonacci channels, traders can make informed decisions and manage their trades effectively. The current bullish trend in ICICI Bank Ltd. presents an opportunity for trend-following traders to capitalize on potential price movements. Proper position sizing and risk management are essential to derive profitable outcomes while minimizing losses.
NQ Power Range Report with FIB Ext - 10/28/2024 SessionCME_MINI:NQZ2024
- PR High: 20622.25
- PR Low: 20525.25
- NZ Spread: 217.0
No key scheduled economic events
Relatively major weekend gap up
- Advertising potential to break into new month high, into 20800
- Wide NZ spread to start the week above weekend gap
Session Open Stats (As of 1:25 AM 10/28)
- Weekend Gap: +0.24 (open < 20475)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 292.33
- Volume: 34K
- Open Int: 247K
- Trend Grade: Bull
- From BA ATH: -2.8% (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
NQ Power Range Report with FIB Ext - 10/25/2024 SessionCME_MINI:NQZ2024
- PR High: 20400.00
- PR Low: 20375.00
- NZ Spread: 56.0
Key scheduled economic event
08:30 | Durable Goods Orders
Holding 50% of Wednesday range
Session Open Stats (As of 1:45 AM 10/25)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 279.75
- Volume: 18K
- Open Int: 243K
- Trend Grade: Bull
- From BA ATH: -3.8% (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
DLTR longDollar Tree, Inc. ( NASDAQ:DLTR ) is a U.S.-based discount variety store chain. It operates under both the Dollar Tree and Family Dollar brands, offering products at affordable prices. The company serves various customer segments, from budget-conscious individuals to those seeking value for everyday items. DLTR has seen growth due to its ability to adapt to economic conditions, supply chain management, and product offerings across its network of thousands of stores.
Expansion of Products: Dollar Tree has been increasing the price of some items beyond its famous $1 price point, up to $5, to accommodate a broader range of products and offset rising costs.
Cost Pressures: The company has faced challenges related to inflation and supply chain issues, which have impacted margins and led to adjustments in product pricing.
Leadership Change: Dollar Tree has brought in new leadership to help manage its Family Dollar brand and address operational inefficiencies.
These moves are part of Dollar Tree’s strategy to stay competitive and adapt to changing consumer demands and economic conditions.
NQ Power Range Report with FIB Ext - 10/24/2024 SessionCME_MINI:NQZ2024
- PR High: 20298.50
- PR Low: 20275.75
- NZ Spread: 50.75
Key scheduled economic events
08:30 | Initial Jobless Claims
09:45 | S&P Global US Manufacturing PMI
- S&P Global Services PMI
10:00 | New Home Sales
Drop of week low into daily Keltner average cloud.
- Auctioning near 50% of previous session range.
- Strong inventory range, ~20080 to ~20200.
Session Open Stats (As of 12:55 AM 10/24)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 291.00
- Volume: 23K
- Open Int: 245K
- Trend Grade: Bull
- From BA ATH: -4.1% (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
NQ Power Range Report with FIB Ext - 10/23/2024 SessionCME_MINI:NQZ2024
- PR High: 20521.00
- PR Low: 20490.50
- NZ Spread: 68.0
Key scheduled economic events
10:00 | Existing Home Sales
10:30 | Crude Oil Inventories
Maintaining range between 20600 and 20300.
Session Open Stats (As of 12:15 AM 10/23)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 277.72
- Volume: 15K
- Open Int: 245K
- Trend Grade: Bull
- From BA ATH: -3.1% (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
ACHC buying opportunityNASDAQ:ACHC buying opportunity, imo
Acadia Healthcare Company, Inc. (ACHC) is a provider of behavioral healthcare services, operating inpatient psychiatric facilities, residential treatment centers, outpatient clinics, and therapeutic school-based programs.
Key Information:
Sector: Healthcare (Behavioral Health)
Market Cap: ~$7 billion
Business Focus: Acadia Healthcare specializes in the treatment of mental health and substance use disorders. The company operates facilities across the U.S. and the U.K., offering services such as acute inpatient psychiatric care, residential treatment for adolescents, and addiction recovery programs.
Recent Developments:
Acadia Healthcare has benefited from the growing demand for mental health and addiction treatment services, particularly in the wake of the COVID-19 pandemic, which highlighted the importance of behavioral health services. The company continues to expand its network of facilities and partnerships to meet this demand.
Acadia is seen as a key player in the growing behavioral health market, and the stock could offer growth potential as awareness and need for mental health services increase globally.
ELV buying opportunityNYSE:ELV buying opportunity, in my opinion.
Elevance Health, Inc. (ELV), formerly known as Anthem, Inc., is a health benefits company that provides medical, pharmaceutical, dental, behavioral health, and other insurance-related services to its members. It operates through affiliated health plans, primarily under the Blue Cross and Blue Shield brand, in the United States.
Key Information:
Ticker: ELV
Sector: Healthcare (Health Insurance)
Market Cap: ~$100 billion
Business Focus: Elevance Health provides a range of health insurance products and services, including individual, group, and government-sponsored health plans. The company serves millions of members across the U.S. and is focused on improving healthcare outcomes while reducing costs.
Recent Developments:
Elevance Health is one of the largest health insurance providers in the U.S., playing a key role in the managed care industry. The company has been focusing on digital health and data-driven solutions to enhance patient care and outcomes. Given the increasing focus on healthcare technology, they continue to invest in improving access to healthcare services while managing costs.
This stock is considered a relatively stable investment in the healthcare sector, benefiting from the growing need for healthcare services and insurance coverage.
NQ Power Range Report with FIB Ext - 10/22/2024 SessionCME_MINI:NQZ2024
- PR High: 20544.00
- PR Low: 20514.50
- NZ Spread: 66.0
No key scheduled events
Maintaining the range of previous 3 sessions
Session Open Stats (As of 12:45 AM 10/22)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 284.51
- Volume: 22K
- Open Int: 239K
- Trend Grade: Bull
- From BA ATH: -3.5% (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
GEX levels of SPX for Weekly Option TradersAlthough the SPX is currently trading within a relatively neutral positive gamma range, it’s worth taking a closer look at what the week might hold.
This week, SPX is moving between critical resistance and support levels, which are showing significant options activity. The 5900 level is the key CALL resistance, acting as the gamma wall for the next 7 days (7DTE) . This suggests that as long as the price remains below this level, it will face strong resistance in moving higher. If the market breaks through this level, it could signal a bullish breakout, leading to increased turbulence.
🟨 DETAILED VIEW:
In case of a breakout, keep an eye on the second weaker CALL wall at 5925 and the third weaker CALL wall at 5940, which are the next potential resistance levels once the market moves past the 5900 gamma wall. These levels could play a pivotal role in the price’s upward movement and indicate further buying pressure.
🔶 HVL Level and Gamma Environment: 5830
The 5830 level represents the High Volatility Level (HVL), which determines whether we are in a positive or negative gamma environment. If SPX closes below this level, we enter the negative gamma zone, which could lead to increased market volatility. This could result in sharper price movements during the week if this level does not hold. In that case, the PUT supports come into focus.
The 5750 level marks the strongest PUT support, providing substantial downward support for the market. However, before reaching this level, it’s important to consider the emerging PUT wall at 5765, which may stop the price from falling lower. This could act as an intermediate support, slowing or even halting a decline before the 5750 level comes into play.
🔶 Implied Volatility and Time-Based Strategic Opportunities NOW
The decrease in implied volatility, as shown by the IV and IVx indicators, signals a calmer market environment. Based on IV rank and average IV levels, volatility is running lower, which presents good opportunities for various spread strategies, especially time spreads that can be optimized between the 11/01 and 11/04 time frame.
Key levels above could fuel further market movement throughout the week if a breakout occurs. CALL/PUT gamma levels on the options chain strongly outline the potential resistance and support levels, but these levels can change dynamically, especially if SPX breaks through the 5900 level.
🔶 SPX Key Levels This Week:
5900 CALL resistance – Main gamma wall, strong resistance.
5925 and 5940 – Second and third weaker CALL walls, offering additional resistance if broken.
5830 HVL – Key level determining the gamma environment.
5765 PUT wall – Emerging intermediate PUT support, which could slow a decline.
5750 PUT support – Strongest PUT gamma wall and support.
Keep these levels in mind throughout the week, as they will likely influence market movements and the volatility environment. By applying the right options strategies, this information can help you structure profitable positions.
Wipro Ltd. (NSE: WIPRO) - A Technical Analysis PerspectiveIntroduction: In the ever-evolving world of stock trading, staying ahead of market trends is crucial. Today, we delve into the technical analysis of Wipro Ltd. (NSE: WIPRO), a prominent player in the Indian stock market. This analysis will provide insights into the stock's recent performance and potential future movements, making it a must-read for traders and investors alike.
Chart Analysis: The daily chart of Wipro Ltd. reveals a fascinating journey of price action over the past year. The stock has experienced significant fluctuations, marked by distinct patterns and trends that offer valuable insights for traders.
Key Observations:
Ascending Triangle Pattern:
From November 2023 to March 2024, Wipro's stock price formed an ascending triangle pattern. This pattern is characterized by a series of higher lows, indicating increasing buying pressure. The breakout from this pattern in March led to a substantial upward movement, reaching a peak around 580 INR.
Rising Channel:
Post the breakout, the stock entered a rising channel, with higher highs and higher lows. This channel is evident from June 2024 to the present. The upper and lower trendlines of the channel provide crucial support and resistance levels, guiding traders in making informed decisions.
Volume Analysis:
Volume plays a pivotal role in confirming price movements. Notably, there was a significant spike in volume during the breakout in March, validating the upward trend. Recent volume surges in October indicate renewed interest in the stock, potentially signaling another breakout.
Current Price Action:
As of October 21, 2024, Wipro's stock is trading at 550.60 INR, showing a modest gain of 0.36%. The stock is currently testing the upper trendline of the rising channel, a critical juncture that could determine its next move.
Conclusion: Wipro Ltd.'s stock chart presents a compelling case for traders and investors. The ascending triangle breakout, followed by the rising channel, highlights the stock's bullish momentum. With recent volume spikes and the stock testing key resistance levels, it is essential to monitor Wipro closely for potential trading opportunities.
Stay tuned for more updates and insights on the Indian stock market. Follow us for the latest technical analysis and trading strategies!
#NSE #StockMarketIndia #Wipro #TechnicalAnalysis #Trading #Investing
NQ Power Range Report with FIB Ext - 10/21/2024 SessionCME_MINI:NQZ2024
- PR High: 20523.75
- PR Low: 20496.00
- NZ Spread: 62.25
No key scheduled economic events
Minor weekend gap up, quickly filled
- Maintaining previous week range
Session Open Stats (As of 2:35 AM 10/21)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 288.63
- Volume: 18K
- Open Int: 238K
- Trend Grade: Bull
- From BA ATH: -3.3% (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
UROY an energy penny stock LONGUROY basically sells rights to mine uranium for a percentage of the production. It is a penny
stock in the nuclear subsector of energy which is undergoing a renaissance in this era of
fossil fuel addiction detoxification in the context of climate change remediation agendas.
The 240 minute chart shows a parabolic move in mid January followed by consolidation
and capitulation into a double top all at about the first anchored VWAP line above the mean
followed by a trend down into the present level near to the first lower VWAP line.
I will take a long trade here targeting the mean VWAP confluent with a standard Fibonacci
retractment which is the green line on the chart. $.05 is taken as a safe stop loss at the lows.
The target is 0.40 upside yielding a R:r of 8. I have positions in URA and UEC at this time.
The entire uranium subsector is cycling from warm to hot again.
NQ Power Range Report with FIB Ext - 10/18/2024 SessionCME_MINI:NQZ2024
- PR High: 20413.50
- PR Low: 20377.00
- NZ Spread: 81.5
No key scheduled economic events
Quick auction return back to Tuesday lows
Session Open Stats (As of 2:15 AM 10/18)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 298.31
- Volume: 25K
- Open Int: 248K
- Trend Grade: Bull
- From BA ATH: -3.7% (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
Price Action Trading Analysis: Chennai Petroleum Corp Ltd
Price action trading is a method of technical analysis that relies on historical prices to predict future price movements. In this analysis, we'll focus on Chennai Petroleum Corp Ltd (CHENNPETRO) on the National Stock Exchange (NSE). The chart spans from October 2023 to October 2024, showcasing significant trends and potential trading opportunities.
Upward Trend and Trendline Support
The chart reveals a clear upward trend with some volatility, marked by significant peaks and troughs. An ascending trendline provides key support levels, with the price bouncing off this line multiple times. This trendline acts as a reliable indicator for traders to identify potential entry points.
Key Observations
Support and Resistance Levels:
The trendline serves as a strong support, with the price repeatedly rebounding when it nears this level.
Resistance levels can be observed at the peaks where the price struggles to break through, creating potential selling opportunities.
Volume Analysis:
Volume bars at the chart's bottom indicate trading activity. Notable spikes in volume often precede significant price movements, suggesting heightened investor interest.
Analyzing volume trends helps confirm the strength of price movements and potential reversals.
Daily Price Movements:
The price action shows daily fluctuations, with the current price at INR 956.00, reflecting a change of +27.05 (+2.91%).
Monitoring daily movements and changes provides insights into market sentiment and potential short-term trends.
Trading Strategies
Trendline Bounces:
Traders can look for buying opportunities when the price approaches and rebounds from the ascending trendline.
These bounces provide low-risk entry points, with the trendline acting as a natural stop-loss level.
Breakouts:
A breakout above resistance levels, especially with increased volume, can signal the start of a new upward leg.
Similarly, a breakdown below the trendline support could indicate a reversal, prompting short-selling opportunities.
Volume Confirmation:
Confirming price movements with volume trends enhances the reliability of the signals.
High volume during upward movements suggests strong buying interest, while low volume during pullbacks indicates weak selling pressure.
Conclusion
The price action of Chennai Petroleum Corp Ltd (CHENNPETRO) showcases a robust upward trend supported by an ascending trendline. By analyzing support and resistance levels, volume trends, and daily price movements, traders can identify potential entry and exit points. Leveraging these insights helps enhance trading decisions, contributing to more informed and potentially profitable trades.
NQ Power Range Report with FIB Ext - 10/17/2024 SessionCME_MINI:NQZ2024
- PR High: 20335.50
- PR Low: 20318.75
- NZ Spread: 37.25
Key scheduled economic events
08:30 | Initial Jobless Claims
- Core Retail Sales
- Philadelphia Fed Manufacturing Index
11:00 | Crude Oil Inventories
Maintaining Tuesday lows
- Inventory response off daily Keltner 20 average
Session Open Stats (As of 12:35 AM 10/17)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 295.53
- Volume: 17K
- Open Int: 242K
- Trend Grade: Bull
- From BA ATH: -4.2% (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