NQ Power Range Report with FIB Ext - 11/9/2023 SessionCME_MINI:NQZ2023
- PR High: 15360.00
- PR Low: 15344.50
- NZ Spread: 34.5
Key economic events
08:30 – Initial Jobless Claims
14:00 – Fed Chair Powell Speaks
Prev session closed virtually flat
- Holding the highs
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Gap 8/2: -0.33% (open > 15807)
- Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 235.38
- Volume: 18K
- Open Int: 265K
- Trend Grade: Neutral
- From ATH: -8.5% (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.
Volatility
The Alarming Volatility of the US Dollar – A Call to Action
The recent turbulent fluctuations witnessed in the strength of the US Dollar have left experts bewildered and traders on edge. As we navigate through these uncertain times, it is crucial that we take a moment to pause and reevaluate our trading positions before potentially exposing ourselves to unnecessary risks.
The unprecedented volatility of the US Dollar has sent shockwaves across the global financial markets, stemming from a multitude of economic, political, and social events. These complexities have made it exceedingly challenging for even the most experienced traders to predict or decipher the future direction of the dollar accurately. The sudden shifts and erratic movements have destabilized not only its inherent value but also significantly influenced the correlation with other major currencies.
Given the circumstances, I implore you all to reflect upon your current dollar trading strategies. It is paramount that we reassess the potential risks and rewards associated with trading the US Dollar in the present climate. As responsible traders, it is vital to exercise caution and adjust our positions accordingly, considering the magnitude of uncertainty that envelopes the dollar's market stability.
I strongly encourage you to undertake a thorough analysis of your portfolios, taking into account the potential consequences of sustained volatility and the possible ripple effects on other currencies and financial assets. It is prudent to diversify your holdings, exploring alternative investment options that may help mitigate the potential risks associated with the current dollar turbulence.
In these challenging times, it is crucial for us to remain vigilant, responsible, and adaptable in our approach. By taking a pause and reevaluating our dollar trading strategies, we can safeguard our investments and insulate ourselves from sudden and adverse market movements. Remember, preserving capital is equally as important as pursuing profits.
NQ Power Range Report with FIB Ext - 11/8/2023 SessionCME_MINI:NQZ2023
- PR High: 15374.75
- PR Low: 15362.75
- NZ Spread: 27.0
Key Economic Events
09:15 – Fed Chair Powell Speaks
10:30 – Crude Oil Inventories
Daily supply lift continues
Evening Stats (As of 12:25 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Gap 8/2: -0.33% (open > 15807)
- Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 243.71
- Volume: 22K
- Open Int: 265K
- Trend Grade: Neutral
- From ATH: -8.5% (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.
XRP Daily Chart Analysis
🚀 Major Resistance Levels:
$0.69
$0.73
🔍 Trend-Based Fib Extension Targets:
$0.79
$0.85
$0.96
📊 Key Indicators and Insights:
1️⃣ Accumulation/Distribution Indicator:
Showing steady growth in accumulation is a positive sign for XRP.
2️⃣ Chaikin Money Flow (CMF):
Indicating an increase in money flows into XRP, potentially signalling growing interest.
3️⃣ Correlation Coefficient:
XRP is showing signs of decreased correlation with Bitcoin.
Recent examples of XRP not following BTC's price movements include May 27th, June 30th, and July 8th.
Currently, the correlation is around 70%, down from 100% last week, suggesting potential independent price action.
4️⃣ Parabolic SAR:
When SAR dots move below the price, it's a bullish (buy) signal.
This indicator is more effective on shorter time frames, complementing the accuracy of MACD.
5️⃣ Relative Volatility Index (RVI):
Reading between 65 and 85, signalling a bullish sentiment.
NQ Power Range Report with FIB Ext - 11/7/2023 SessionCME_MINI:NQZ2023
- PR High: 15222.50
- PR Low: 15203.25
- NZ Spread: 43.25
No key economic events
Slight lift of daily supply
- Print shows potential for reversal
- High anticipation for selling
Evening Stats (As of 12:25 AM)
- Weekend Gap: +0.47% (open < 14272)
- Session Gap 8/2: -0.33% (open > 15807)
- Session Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 245.39
- Volume: 24K
- Open Int: 258K
- Trend Grade: Neutral
- From ATH: -9.4% (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.
POSSIBLE SELL OFFThe current market prices have recently undergone a significant change in liquidity, resulting in a likely minor retracement to collect additional orders before confirming a suitable buy for medium to long-term investments.
After a market sweep, entering into a "turtle soup" strategy may prove effective, although it is imperative to wait for confirmations to ensure that all necessary criteria have been met.
The current price has created an opportunity for character development, and an inducement has been identified.
Consequently, we propose taking an entry for a 1:2 risk/reward ratio to the previous low. We will monitor the market closely to evaluate how the investment performs.
NQ Power Range Report with FIB Ext - 11/6/2023 SessionCME_MINI:NQZ2023
- PR High: 15203.00
- PR Low: 15172.50
- NZ Spread: 68.0
Lite week for key economic events
- Nothing scheduled for today's session
Holding Friday's highs
- 5 Green daily bars in a row
Evening Stats (As of 12:25 AM)
- Weekend Gap: +0.47% (open < 14272)
- Session Gap 8/2: -0.33% (open > 15807)
- Session Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 247.60
- Volume: 26K
- Open Int: 258K
- Trend Grade: Neutral
- From ATH: -9.6% (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.
NQ Power Range Report with FIB Ext - 11/3/2023 SessionCME_MINI:NQZ2023
- PR High: 14962.00
- PR Low: 14924.25
- NZ Spread: 84.25
Key Economic Events
08:30 – Average Hourly Earnings
- Nonfarm Payrolls
- Unemployment Rate
09:45 – S&P Global Services PMI
10:00 – ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
Continuing to push supply with strength
- Breaking multiple levels of long-term sell interest
Evening Stats (As of 12:05 AM)
- Weekend Gap: +0.47% (open < 14272)
- Session Gap 8/2: -0.33% (open > 15807)
- Session Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 254.67
- Volume: 20K
- Open Int: 255K
- Trend Grade: Neutral
- From ATH: -10.8% (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.
NQ Power Range Report with FIB Ext - 11/2/2023 SessionCME_MINI:NQZ2023
- PR High: 14773.75
- PR Low: 14759.75
- NZ Spread: 31.5
Key Economic Event
08:30 – Initial Jobless Claims
Continuing to lift supply away from weekend gap
- Near Oct 24 pivot high
Evening Stats (As of 12:05 AM)
- Weekend Gap: +0.47% (open < 14272)
- Session Gap 8/2: -0.33% (open > 15807)
- Session Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 256.53
- Volume: 28K
- Open Int: 254K
- Trend Grade: Neutral
- From ATH: -11.7% (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.
NQ Power Range Report with FIB Ext - 11/1/2023 SessionCME_MINI:NQZ2023
- PR High: 14478.00
- PR Low: 14453.00
- NZ Spread: 56.0
FOMC Day
08:15 – ADP Nonfarm Employment Change
10:00 – ISM Manufacturing PMI
- ISM Manufacturing Prices
- JOLTs Job Openings
10:30 – Crude Oil Inventories
14:00 – FOMC Statement
- Fed Interest Rate Decision
14:30 – FOMC Press Conference
Holding over Monday's high
- NZ spread increase
Evening Stats (As of 12:05 AM)
- Weekend Gap: +0.47% (open < 14272)
- Session Gap 8/2: -0.33% (open > 15807)
- Session Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 249.56
- Volume: 18K
- Open Int: 258K
- Trend Grade: Neutral
- From ATH: -13.8% (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.
NQ Power Range Report with FIB Ext - 10/31/2023 SessionCME_MINI:NQZ2023
- PR High: 14416.50
- PR Low: 14403.50
- NZ Spread: 29.0
Key Economic Event
10:00 – CB Consumer Confidence
Weekend gap still open
- Inside prev session range
- Broke into bear zone early
- Inventory response near prev session lows
Evening Stats (As of 12:05 AM)
- Weekend Gap: +0.47% (open < 14272)
- Session Gap 8/2: -0.33% (open > 15807)
- Session Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 258.34
- Volume: 31K
- Open Int: 256K
- Trend Grade: Neutral
- From ATH: -14.5% (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.
VIX/VVIX warning shot!Per www.tradingview.com analysis here , I'd like to point out an update that we have just set a higher low from the multiple compression low of VIX and VIX/VVIX from the mega bull run early this summer.
This is a sort-of warning shot that the market is starting to become unsettled about sustaining these prices long term. Does that mean sell it all right now? No, certainly not. This is only the first higher low on the weekly chart.
But, if we see another successive higher low in VIX/VVIX as the price action in AMEX:SPY and NASDAQ:QQQ bounce back in the coming weeks to possibly re-challenge the summer's highs if not even go past them some, it's time to start thinking about taking profits and taking a net short position, if you ask me.
That might be a month away, maybe a couple months away, it's hard to say. Just keep an eye out.
For options plays starting from yesterday (Friday 8/19/23) I'd start positioning with some positive delta exposure for the coming weeks, but keep an eye out to flatten and reverse that trade in the not distant future. Maybe we get a nice reversal to the upside to end August, but September has historically been the worst month for bulls on average.
I have a feeling that no matter what the Fed says at Jackson Hole this week, the re-positioning that happens around it after having been down in the couple weeks leading upto it, we may have a pop to the upside as big players re-hedge, and IV may well drop again as the market de-risks after digesting what they have to say.
But, as we round out August, if it appears the new IV and VIX/VVIX low post Jackson Hole is a higher low than the previous dip, I'd start flipping to have a negative delta exposure for sure, possibly for a longer term trade towards the end of the year. This could be somewhat like 2H 2018 all over again, but can't say if there is an aggressive bounce off a big low towards the end of the year. Will have to keep an eye on economic data. We're in a much more tenuous position than we were at the end of 2018.
FTNT update attempting to break divergence notedWith RSI rising and price falling we have clear bullish divergence. FTNT is taking another attempt at the medium term resistance of the teal line. The candles are also flirting with the 20SMA which is needed to confirm a bullish posture. This narrowing volatility should oscillate back to a wide pattern if RSI continues. My call setups are for 65$ ish. 59$ is first profit take.
NQ Power Range Report with FIB Ext - 10/30/2023 SessionCME_MINI:NQZ2023
- PR High: 14345.75
- PR Low: 14302.25
- NZ Spread: 97.5
No significant calendar events
Another strong weekend gap up, unfilled
Evening Stats (As of 12:05 AM)
- Weekend Gap: +0.47% (open < 14272)
- Session Gap 10/27: +0.28% (filled)
- Session Gap 8/2: -0.33% (open > 15807)
- Session Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 262.46
- Volume: 26K
- Open Int: 258K
- Trend Grade: Neutral
- From ATH: -14.7% (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.
Ruble developing ground to restructure third world economiesOn the presented chart we have prepared, you can see correlations of Ruble currency with Telecoms, Steel producing, Concrete producing, Land transport and Medicine. As you can see Ruble is building a solid ground to become a back end for the developing world destroyed by conflicts and fist fights. ATR is going down and from the june it shows backward correlation with Ruble. This is good because this means Ruble can rise without volatility. Telecommunications prices are falling after this event. Steel producing showing strange pattern and can be a risk for the Ruble. Concrete producing and transportation developing a good foundation. Transportation industry is still and strong. And medicine industry showing weakness but we see rise in pharmaceuticals profits so we hope this will drag whole venture up.
NQ Power Range Report with FIB Ext - 10/27/2023 SessionCME_MINI:NQZ2023
- PR High: 14302.00
- PR Low: 14244.00
- NZ Spread: 129.25
Key Economic Event
08:30 – Core PCE Price Index
Month End
Session gap up (details below)
- First major buy response off June inventory
- Prev session gap down filled during A period
- Retrace ~50% of prev session range
Evening Stats (As of 1:25 AM)
- Weekend Gap: +0.21% (filled)
- Session Gap 10/27: +0.28% (open < 14216)
- Session Gap 8/2: -0.33% (open > 15807)
- Session Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 270.30
- Volume: 37K
- Open Int: 264K
- Trend Grade: Neutral
- From ATH: -14.7% (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.
BTC - NEXT: Extremely Overbought, RSI hits 102Hi Traders, Investors and Speculators of Charts📈📉
I'm expecting some more volatility on Bitcoin as the RSI recently 102 which indicates and extremely over bought market. This is also confirmed by the technical indicator. Usually, after such extreme numbers are hit on the RSI, the price needs to "cool down" or retrace before continuing back upwards. This could mean lower price action for a few days ahead.
It's vital that we retrace back towards the $32k zone to CONFIRM this as new support, and not a fakeout. Two scenarios I have highlighted on the chart is either straight up to the 1.618 and then the support confirmation, or first support confirmation and then up to 1.618.
Either way, I'm bullish on BTC and I'll be looking to take a long from support at $32k.
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NQ Power Range Report with FIB Ext - 10/26/2023 SessionCME_MINI:NQZ2023
- PR High: 14430.75
- PR Low: 14352.75
- NZ Spread: 174.75
Key Economic Events
08:30 – Initial Jobless Claims
- Durable Goods Orders
- GDP
10:00 – Pending Home Sales
More after hours volatility on earnings
- Session gap down, continuing prev session inventory decline
- Break and holding below key 14600 inventory
Evening Stats (As of 1:45 AM)
- Weekend Gap: +0.21% (filled)
- Session Gap 10/26: -0.29% (open > 14465)
- Session Gap 8/2: -0.33% (open > 15807)
- Session Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 270.79
- Volume: 65K
- Open Int: 263K
- Trend Grade: Neutral
- From ATH: -14.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 14103
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.
NQ Power Range Report with FIB Ext - 10/25/2023 SessionCME_MINI:NQZ2023
- PR High: 14854.50
- PR Low: 14776.00
- NZ Spread: 175.5
Key Economic Events
08:00 – Building Permits
10:00 – New Home Sales
10:30 – Crude Oil Inventories
16:35 – Fed Chair Powell Speaks
Session opened with high volatility
- Created super wide NZ spread
- Credit given to earningns
- Holding inside prev session range
Evening Stats (As of 12:25 AM)
- Weekend Gap: +0.21% (filled)
- Session Gap 8/2: -0.33% (open > 15807)
- Session Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 255.16
- Volume: 31K
- Open Int: 251K
- Trend Grade: Neutral
- From ATH: -11.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 14103
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.
Sofi expansion in volatility Sofi is still one of my larger bets for small caps long-term. We are seeing a clear expansion of volatility within this wedge. If small caps reverse likely and upside break. We are at the exact point of a large sell order from May today with an area of a lot of support. I would bet we hold, but I do no not currently have open trades on the stock, just my long-term spot.