NQ Power Range Report with FIB Ext - 6/26/2023 SessionCME_MINI:NQU2023
- PR High: 15100.00
- PR Low: 15054.00
- NZ Spread: 103.0
NO SIGNIFICANT EVENTS
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Open ATR: 233.34
- Volume: 24K
- Open Int: 249K
- Trend Grade: Neutral
- From ATH: -9.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15533
- Mid: 15247
- Short: 14675
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
ETH in a sticky marketCurrently ETH implied volatility vs realized volatility is showing a discount, barely. We are in a sticky market because options traders are long volatility and buy and sell the edges to adjust their deltas. If Im bullish ETH, I would be waiting for three things, 1. a move down to the lower end of the expected move range, 2. a volatility premium and 3. above average volume. I have added a note with market conditions as well as volatility ratio and premium/discount.
attention the BTC MARKET CAP DOMINANCE reach the first strong heavy resistance area
also we have to mention the divergence on the daily time frame
so the first scenario back to the HVN support to take more liquidity
second scenario break it and take it like support levels
so you have to watch this levels
NQ Power Range Report with FIB Ext - 6/23/2023 SessionCME_MINI:NQU2023
- PR High: 15236.50
- PR Low: 15225.50
- NZ Spread: 24.5
Economic Events:
09:45 – Services PMI
Strong supply run prev session.
- strong inventory run through Asian hrs
- retraced about 1/3 of prev range
- 1st hr opened with small range
- inventory already dropped to bear zone moon
Evening Stats (As of 2:45 AM)
- Weekend Gap: N/A
- Session Open ATR: 232.31
- Volume: 35K
- Open Int: 250K
- Trend Grade: Neutral
- From ATH: -9.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15533
- Mid: 15247
- Short: 14675
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.
ES further long possible but with neutral to small short biasES nice further long trend and don't mind to push it further up, however there are some weakness in this move
Watching this buy move further in regard to VPOC move. Once this happen, we may see a real sell.
So i am watching possible sell but not yet. Bias is still up
Buy VPOC at 4416 and now shift for now so we can see some further trend continuation but this move is vulnerable.
1. further continuation of trend to 4527
2. below 4454 we may get sell to 4437-15
NQ Power Range Report with FIB Ext - 6/22/2023 SessionCME_MINI:NQU2023
- PR High: 15049.25
- PR Low: 15024.00
- NZ Spread: 56.25
Powell set to testify again at B-period.
Economic Events:
08:30 – Initial Jobless Claims
10:00 – Existing Home Sales
- Fed Chair Powell Testifies
11:00 – Crude Oil Inventories
Strong inventory drop during Wednesday's session
- Finally showing retracement on daily print
- No immediate vol spike for Powell Wednesday
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Open ATR: 225.48
- Volume: 22K
- Open Int: 248K
- Trend Grade: Neutral
- From ATH: -10.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15533
- Mid: 15247
- Short: 14675
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.
YINN - a leveraged bullish ETF for Chinese stocks.YINN is a 3X leveraged bullish ETF of Chinese stocks. As can be seen on this one hour chart,
YINN has jumped nearly 30% since the beginning of the moth. On the chart is a moving average
ratio indicator ( with settings SMA7 / SMA28 ratio ). When the ratio crosses the zero line, the
shorter average is rising faster than the longer average demonstrating bullish momentum. Here
I used it as an entry signal. ( the exit signal would be the ratio dropping below the zero
horizontal line which has not yet occurred) For confirmation and further entry justification,
the volatility indicator shows spikes above the running average volatility in order to be
that there is enough volume and price action to get into a good trade in the direction of
the trade. Fundamentally, the Chinese economy is open and growing. the CCP has resisted the
urge to raise prime rates as compared with Western central banks. ( BABA and NIO have
good current price action.) Given the guidance of the chart, YINN seems to be a
good long trade I will continue to add to the trade when the chart tells me the time is right.
UNG continues to rise UNG the ETF that tracks natural gas futures has continued on a significant uptrend since June
1st The 2H chart suggests to be that the trend will continue this upcoming week. UNG is now
above the POC line of the long multi-session volume profile. UNG has had support from the
VWAP line representing two standard deviations below the mean. In recent days, price has
crossed that mean VWAP in a sign of bullish momentum. The volatility oscillator indicator
is showing bullish volatility while the RSI is high above 80 and staying there without any fade
to suggest bearish divergence. Overall, I will continue to run my position without any partial
take profit. My target is the VWAP line that is two standard deviations above the mean
anchored VWAP and so presently about 7.85. Any new trade would have the same target
while setting the stop loss just below the POC line.
Is KOLD getting chilled out ?KOLD's trend down may be continuing. They say weather climate conditions are for things
heating up. this trader concurs albeit from one of the traditional hottest places in the entire
USA and so with that bias come hell or bitter winter chill. On the chart, a persistent trend
down for KOLD underneath the Ichimoku cloud of the Luxalgo indicator is easily seen.
Luxalgo's Bollinger Band oscillator shows that price is riding down along the lower BB band
without any outlook for a reprive. Furthermore, price is well below the high volume
area of the volume profile and in the lowermost bands of the anchored VWAP. On the MACD
indicator, the MACD and signal are both trending down and well below zero.
In short, the value of KOLD is crashing down. Any traders long are best to consider liquidating
while any value remains. I am not long KOLD and happily continue my long positions in
BOIL, the inverse of it until analysis dictates otherwise.
Decision day for NGSince NG land on VAH of last bigger sell and additional on a nice loaded value loaded M30 candle we may see a rotation day as fight between sellers and buyers.
However if buy will show strength and lift above 2.50 we may see some run up.
Sell must push below 2.49
so waiting to see the action.
on fundamentals: still some work on LNG terminals in USA, a bit colder weather in TX, hot in Europ, still works on Norway
NQ Power Range Report with FIB Ext - 6/21/2023 SessionCME_MINI:NQU2023
- PR High: 15256.00
- PR Low: 15238.75
- NZ Spread: 38.75
Powell set to speak at B-period
- 10:00 – Fed Chair Powell Testifies
Tuesday session traded in wide range
- High volatility during morning session
- Closed practically unchanged
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Open ATR: 222.16
- Volume: 16K
- Open Int: 246K
- Trend Grade: Neutral
- From ATH: -9.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15533
- Mid: 15247
- Short: 14675
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.
NG further up with a possible rotation NG is pushing further up. Friday a normal day with some P volume type indication due to open rejection reverse cash session.
NG is in area of single prints built in May (see link below)
We are close to a volume loaded level of 2.693 so we may see fight between sellers, who pressed below buy VPOC and buyers who would like to be back above it.
So next day or days will show if sellers are still there and if they have enough power left.
why not a scenario to open with a gap up to around 2.693 :)
app.screencast.com
NG close to 2.7 area where we may see sellers quitting positions. So 3 ideas for trade:
1. just StopLos covering and this will be with a fire above 2.7 and in case of no continuation we get sell down
2. Liquidation of stops above 2.7 in fast way or with some rotation but in that case we should keep 2.693
3. rotation in range 2.565 to 2.636
NQ Power Range Report with FIB Ext - 6/20/2023 SessionCME_MINI:NQU2023
- PR High: 15253.75
- PR Low: 15235.00
- NZ Spread: 41.75
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Open ATR: 229.65
- Volume: 103K
- Open Int: 249K
- Trend Grade: Neutral
- From ATH: -9.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15533
- Mid: 15247
- Short: 14675
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 - 6/16/2023 SessionCME_MINI:NQU2023
- PR High: 15375.75
- PR Low: 15352.00
- NZ Spread: 53.25
Long weekend ahead
- No significant economic events
Price continues to march to higher supply.
- Quick inventory grab before yesterday's RTH open.
- Ranging just below the highs
Evening Stats (As of 1:25 AM)
- Weekend Gap: N/A
- Session Open ATR: 228.53
- Volume: 27K
- Open Int: 249K
- Trend Grade: Neutral
- From ATH: -8.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15533
- Mid: 15247
- Short: 14675
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.
Shorting BitcoinI'm shorting Bitcoin because
Bitcoin's price increased rapidly after 2020's low US Interest rate .
Then, it started falling in 2022 when the rate started to increase. The rate will go higher and stay there for some time.
On the technical side, volatility is low on the daily chart. This means the trading activity is low and will increase. I expect some big candles and momentum in the market soon(daily chart).
My first price target is $12800 .
NQ Power Range Report with FIB Ext - 6/15/2023 SessionCME_MINI:NQU2023
- PR High: 15229.00
- PR Low: 15213.75
- NZ Spread: 34.25
Supply continues to climb, near key level long.
- Inventory dip to 256 K-band off FOMC
Economic Events:
08:30 – Initial Jobless Claims
- Retail Sales
- Philly Fed Manufacturing Index
Evening Stats (As of 1:35 AM)
- Weekend Gap: N/A
- Session Open ATR: 219.53
- Volume: 26K
- Open Int: 231K
- Trend Grade: Neutral
- From ATH: -9.4% (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.