Sympathy bounce for the ASX 200?Whilst prices are expected to open lower, we’re on guard for a small countertrend bounce. A bullish hammer formed on the daily chart at the lower Bollinger band which found support at the 50% retracement level and 200-day EMA. A bullish divergence has formed on the RSI (2) within the overbought zone. A break above yesterday’s high could potentially see it retest the 7275 low, or the monthly pivot point around 7300.
If we managed to bounce that far, we'd then look for signs of weakness for a potential swing trade short, given weak sentiment for global stocks and the tendency for stocks to underperform around this year due to "sell in May and go away" seasonality.
A break of yesterday’s low assumes bearish continuation.
Volatility
Unchanged YearThe month of May was brutal for EXPE with the stock loosing over $100 worth of price value going from $200 down to around $90 a share. Since July of 2022 we have seen some slight range bound movement with price making its way right back to around the $92 price point as of today. With earnings coming out negatively for the last the quarters, revenues continue to roll in. I'd be curious to see how EXPE performs in the coming years as AI begins to play a larger part in the way that people travel.
🟩 VIX is continuing to improveVIX DROPS SIGNIFICANTLY 📉
The VIX has experienced a dramatic decrease, which is crucial to observe as we shift from a bearish to a more favorable market. Similar to what occurred in December and at the start of the year, the 28 level serves as a warning signal, particularly after a substantial market movement. This indicates that the market may be overheating, and we should be on the lookout for a potential bear market. Throughout the recent bearish phase, the VIX remained elevated above the 28 level.
SEEKING LOWER LEVELS 🎯
Ideally, we'd like to see the VIX return to lower levels. While occasional upticks are expected, it's important that they remain within the lower historical ranges. Lower volatility benefits the indices, but it's equally important for individual stocks to exhibit reduced volatility as wel
NQ Power Range Report with FIB Ext - 5/8/2023 SessionCME_MINI:NQM2023
- PR High: 13330.75
- PR Low: 13310.75
- NZ Spread: 44.5
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Gap 5/5: +0.11% (closed)
- Session Open ATR: 204.53
- Volume: 21K
- Open Int: 262K
- Trend Grade: Bear
- From ATH: -20.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 13531
- Mid: 12959
- Short: 12392
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.
PEPE short on hourly chartYes I'm one of those crypto boomers who faded PEPE but the time to shine for shorting is here.
From a TA perspective, we have seven consecutive wicks above the upper boll bands. The bands themselves are very wide, fanned outward with the lower band running near the 200MA. This would indicate a 75% drop is possible. Not saying that's going to happen, but the token has gone from being expensive to trade in ETH to now having liquidity on major exchanges, with trading in Binance's "innovation zone" opening in an hour.
From past experience, dookie coins that get listed on Binance tend to bleed out quickly after they debut. Most don't recover.
My short opened at .000004198, which I'll look to exit at .000002, unless the DeFi LPs are rugged then I'll ride it straight to zero. Everything about this coin is a disaster from a non-technical perspective. Anon team, insider trades early on, unlicensed use of copyright (Pepe via Matt Furie), and its been shielded in the ETH ecosystem where only whales could afford to trade it due to the expensive cost ($50-$100 in fees per transaction). Even if I get stopped out here (at .000005) I'll keep shorting it at selective points while I wait for the inevitable rug pull.
Good luck, NFA
USDCAD on a fall USDCAD since early this morning is on a consistent fall on the 15 minute chart.
AMEX:USD Dollar strength issues have continued with the latest hike in prime interest rates
trying to cool down inflation. Canadian dollar is buoyed by the rising spot price of
gold and oil which are more prominent parts of the Canadian economy than they
are in the USA> The chart shows a ride down the lower Bollinger Bands with no
signs of reversal as of yet. As a leveraged forex trade heading into the market close
I will open a good sized position scalping into 5-10 minutes before the close for the
week,
NQ Power Range Report with FIB Ext - 5/5/2023 SessionCME_MINI:NQM2023
- PR High: 13086.50
- PR Low: 13055.75
- NZ Spread: 68.5
Evening Stats (As of 1:55 AM)
- Weekend Gap: N/A
- Session Gap 5/5: +0.11% (open > 13053)
- Session Open ATR: 199.80
- Volume: 22K
- Open Int: 247K
- Trend Grade: Bear
- From ATH: -21.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 13531
- Mid: 12959
- Short: 12392
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.
Gold Futures Squeeze Toward Record HighsGold futures spent late April in a tight range, but now they’re approaching record levels as fears spread about banks and the debt ceiling.
The first pattern on today’s chart is the February high around 1975. GC’s latest pullback bottomed above that peak, which suggests new support is above old resistance. Does that reflect an uptrend?
Second, Bollinger Bandwidth is starting to rise after falling last month. That may indicate prices are ready to expand following a period of compression.
Third, MACD just turned positive -- a potential sign of the shorter-term trend turning bullish again.
Finally, consider two longer-term levels. First, the peak from the previous bull market in 2012 near 1800. GC began its current rally by breaking that price zone, followed by a bounce above it in early March. The move may confirm a new bull market has begun.
Second is the August 2020 high of 2089. Prices came within 4 points of the old peak today. Given the uncertain macro environment, some traders may look for GC to challenge the old high.
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Cramer - Accumulating for next move upLow cap altcoin with huge potential, I can see that this token is in a accumulating phase. It's currently at 1M market cap but I could see it easily reach 10-20m MC in the near future if it breaks up above the support zone. They have the best meme's on crypto twitter and they are launching their platform "Chad Money" soon.
Of course this is a degen play for us crypto investors, But I wouldn't post about this if I wasn't confident to see a strong move in the future. As I said, It could take time, but when it comes I believe we will see some incredible numbers upwards.
The higher the risk, the higher the reward.
NQ Power Range Report with FIB Ext - 5/4/2023 SessionCME_MINI:NQM2023
- PR High: 13087.75
- PR Low: 13043.00
- NZ Spread: 100.25
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Open ATR: 205.89
- Volume: 32K
- Open Int: 245K
- Trend Grade: Bear
- From ATH: -21.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 13531
- Mid: 12959
- Short: 12392
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 - 5/3/2023 SessionCME_MINI:NQM2023
- PR High: 13171.00
- PR Low: 13156.50
- NZ Spread: 32.5
**FOMC AFTERNOON**
Evening Stats (As of 12:15 AM)
- Weekend Gap: N/A
- Session Open ATR: 198.96
- Volume: 16K
- Open Int: 243K
- Trend Grade: Bear
- From ATH: -21.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 13531
- Mid: 12959
- Short: 12392
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 - 5/2/2023 SessionCME_MINI:NQM2023
- PR High: 13295.25
- PR Low: 13277.50
- NZ Spread: 39.75
Evening Stats (As of 12:15 AM)
- Weekend Gap: N/A
- Session Open ATR: 198.05
- Volume: 20K
- Open Int: 254K
- Trend Grade: Bear
- From ATH: -20.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 13531
- Mid: 12959
- Short: 12392
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 - 5/1/2023 SessionCME_MINI:NQM2023
- PR High: 13324.50
- PR Low: 13305.00
- NZ Spread: 43.5
Evening Stats (As of 12:15 AM)
- Weekend Gap: N/A
- Session Open ATR: 205.77
- Volume: 20K
- Open Int: 259K
- Trend Grade: Bear
- From ATH: -20.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 13531
- Mid: 12959
- Short: 12392
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.
USDJPY in a Downward ChannelUSDJPY has been trading in an upward channel for the past month, which suggests a bullish trend in the pair. However, over the past week, the price has consolidated into a downward channel, indicating a possible reversal or correction in the trend.
It is important to note that a downward channel is a continuation pattern, which means that it is likely to continue in the direction of the previous trend. In this case, as the previous trend was upward, it is possible that the price may break out of the downward channel in the upward direction.
Traders should keep a close eye on the price action to identify the breakout direction and time. A break above the upper channel line would confirm the bullish continuation pattern, and traders could look for long opportunities. On the other hand, a break below the lower channel line would signal a bearish reversal, and traders could look for short opportunities.
It is important to exercise caution and wait for confirmation before taking any positions, as false breakouts can occur. Additionally, traders should use appropriate risk management strategies to limit their exposure to potential losses.
In summary, while USDJPY has been in an upward channel for the past month, it has consolidated into a downward channel over the past week. The continuation pattern suggests a potential upward breakout, but traders should wait for confirmation and use appropriate risk management strategies.
NQ Power Range Report with FIB Ext - 4/28/2023 SessionCME_MINI:NQM2023
- PR High: 13226.00
- PR Low: 13191.75
- NZ Spread: 76.75
Evening Stats (As of 1:35 AM)
- Weekend Gap: +0.17% (closed)
- Session Gap (4/28): -0.32% (open > 13259)
- Session Open ATR: 211.13
- Volume: 39K
- Open Int: 262K
- Trend Grade: Bear
- From ATH: -21.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 13531
- Mid: 12959
- Short: 12392
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 - 4/27/2023 SessionCME_MINI:NQM2023
- PR High: 12969.25
- PR Low: 12949.25
- NZ Spread: 44.5
Evening Stats (As of 12:15 AM)
- Weekend Gap: +0.17% (closed)
- Session Open ATR: 195.88
- Volume: 17K
- Open Int: 249K
- Trend Grade: Bear
- From ATH: -22.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 13531
- Mid: 12959
- Short: 12392
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 - 4/26/2023 SessionCME_MINI:NQM2023
- PR High: 12993.00
- PR Low: 12923.25
- NZ Spread: 155.75
Evening Stats (As of 12:05 AM)
- Weekend Gap: +0.17% (open > 12918)
- Session Open ATR: 203.32
- Volume: 46K
- Open Int: 244K
- Trend Grade: Bear
- From ATH: -22.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 13531
- Mid: 12959
- Short: 12392
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.
MILN Electric Vehicle Penny Stock MULN is a nine-penny stock that is high volatile with a wide ATR.
On the 15-minute chart, price is currently sitting above the support zone
shown by the Luxalgo indicator. Upside to the resistance zone is
nearly 40% which this stock can do in 1-2 days. Just in the past two days
MULN formed a double top at 12 cents near to the VQAP + 2 then tended down.
After the downtrend price currently in the undervalued range one standard
deviation below VWAP which MULN is using for support.
The RSI confirms price as in the low oversold zone while the high relative
volume in the past couple of days affirms trader interest. Once a reversal
is steadily underway I suspect a volume surge will drive price higher
and do so quickly.
I see this as a great opportunity to take swing long trade looking for
at least 1/2 of the upside 40%. The stop loss will be set just below the support zone.
If price moves there the trade is invalidated. If not the target is 12 cents at the
level of the double top or alternatively a more conservative target of one standard
above VWAP ( blue line) at about 11.4 cents. Lastly, there is the alternative of
inexpensive options which if taken strategically can significantly leverage
the returns of a stock trade.
EURUSD Break Weak HighEURUSD is returning to a zone of demand, bollinger bands assist in identifying possible oversold conditions as it breaks through the lower band. The bands have widened representing increased volatility. Price is likely to rise above the simple moving average line and possibly break through the weak high over the next 24 hours.
Although, I am not well experienced, so please do your own technical analysis!!
NQ Power Range Report with FIB Ext - 4/25/2023 SessionCME_MINI:NQM2023
- PR High: 13056.25
- PR Low: 13042.75
- NZ Spread: 30.0
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Session Open ATR: 197.89
- Volume: 19K
- Open Int: 239K
- Trend Grade: Bear
- From ATH: -22.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 13531
- Mid: 12959
- Short: 12392
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.