NQ Power Range Report with FIB Ext - 8/8/2024 SessionCME_MINI:NQU2024
- PR High: 17928.00
- PR Low: 17862.25
- NZ Spread: 147.0
Key scheduled economic events
08:30 | Initial Jobless Claims
13:01 | 30-Year Bond Auction
Filled weekend gap then faded back inside range
- Maintaining week range, running out of supply high & low
Evening Stats (As of 10:45 PM 8/7)
- Weekend Gap: -0.66% (filled)
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 493.18
- Volume: 44K
- Open Int: 244K
- Trend Grade: Bull
- From BA ATH: -14.1% (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
Volatility
XAUUSD/GOLD Deep correction rhythm - Opportunity for investorsGold market analysis for the US session on August 7, 2024:
Gold has formed a deep correction downtrend.
This is an opportunity for us to make some good entries for long-term positions.
Currently, gold has completed corrections from the m15 - H4 timeframe; a correction phase is seen at the D timeframe.
Key levels to watch are: 2408 - 2412, 2424 - 2427, and 2350 - 2355.
Recommended positions:
Plan 1: SELL XAUUSD zone 2408 - 2411
SL 2414
TP 2400 - 2390 - 2368 - open.
Plan 2: SELL XAUUSD zone 2425 - 2427
SL 2432
TP 2415 - 2400 - 2380 - open.
Plan 3: BUY XAUUSD zone 2352 - 2355
SL 2348
TP 2365 - 2380 - 2386.
Market Anxiety Reflected in the "Fear Index"www.tradingview.com
Market Anxiety Reflected in the "Fear Index": Understanding the Nikkei Volatility Index
The Nikkei Stock Average experienced significant volatility on August 7th in the Tokyo stock market. Although it initially plunged over 900 points at the opening, it quickly recovered.
One factor behind the sharp drop in Japanese stocks was the hawkish remarks made by Bank of Japan Governor Kazuo Ueda during the Monetary Policy Meeting. However, at a financial and economic symposium held in Hakodate, Hokkaido, Deputy Governor Uchida stated, "We will not raise interest rates under unstable financial market conditions." He also mentioned, "For the time being, we believe it is necessary to firmly continue monetary easing at the current level," easing market concerns about further rate hikes.
While the stock market is being swayed by the remarks of government and Bank of Japan officials, an analysis of the Nikkei Volatility Index, also known as the "fear index," revealed that it surpassed the warning level, reaching 45.63 on July 23rd. This indicates a highly unstable state in the stock market. Being able to anticipate rapid changes in volatility can make it easier to manage funds and trades, reducing the risk of being overwhelmed by market fluctuations.
The warning level is not only exceeded when the index surpasses 40 but also when it falls below 20, requiring market participants to exercise caution. When the index dips below 20, a situation akin to the "calm before the storm" can arise, making market movements difficult to predict. For instance, the usual correlation between the number of advancing and declining stocks and overall market movements may break down under these circumstances.
Although turbulent markets like this are rare, market participants must still be prepared for unforeseen events.
NQ Power Range Report with FIB Ext - 8/7/2024 SessionCME_MINI:NQU2024
- PR High: 18140.50
- PR Low: 18030.25
- NZ Spread: 247.00
Key scheduled economic events
10:30 | Crude Oil Inventories
13:00 | 10-Year Note Auction
Climbing back to weekly high
- Previous session closed as inside print doji
- Weekend gap remains unfilled above 18490
Evening Stats (As of 10:55 PM 8/6)
- Weekend Gap: -0.66% (open > 18515)
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 481.22
- Volume: 44K
- Open Int: 246K
- Trend Grade: Bull
- From BA ATH: -12.8% (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 - 8/6/2024 SessionCME_MINI:NQU2024
- PR High: 18260.00
- PR Low: 18162.00
- NZ Spread: 218.75
No significant scheduled events
Retraced 100% of previous session selloff
- Floating above previous session high into weekend gap
Evening Stats (As of 10:15 PM 8/5)
- Weekend Gap: -0.66% (open > 18515)
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 475.31
- Volume: 43K
- Open Int: 244K
- Trend Grade: Bull
- From BA ATH: -12.3% (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
NQ Power Range Report with FIB Ext - 8/5/2024 SessionCME_MINI:NQU2024
- PR High: 18390.00
- PR Low: 18269.25
- NZ Spread: 270.0
Key scheduled economic events
09:45 | S&P Global Services PMI
10:00 | ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
Sustaining high volatility with wide weekend gap
- Weekend gap down remains unfilled
- Value deline ~300 points below Friday's low
Evening Stats (As of 10:55 PM 8/4)
- Weekend Gap: -0.66% (open > 18515)
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 438.33
- Volume: 66K
- Open Int: 244K
- Trend Grade: Bull
- From BA ATH: -13.6% (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 - 8/2/2024 SessionCME_MINI:NQU2024
- PR High: 18979.50
- PR Low: 18841.75
- NZ Spread: 308.5
Key scheduled economic events
08:30 | Average Hourly Earnings
- Nonfarm Payrolls
- Unemployment Rate
AMP temporary margin increase for expected high volatility
Swing back to new weekly low, tapping 18700 inventory
Evening Stats (As of 10:35 PM 8/1)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 416.35
- Volume: 43K
- Open Int: 242K
- Trend Grade: Bull
- From BA ATH: -10.6% (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 - 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
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
Potential Short OpportunityThe TOL/CRH pair is signaling a Short position at the close of yesterday, supported by all indicators, suggesting a promising opportunity.
ADX : Indicates no prevailing trend.
Correlation : Remains high.
Price : Positioned in the overbought area.
Historical test : Shows favorable chances.
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