Im going long if we breakout from the triangle, for now flat and waiting
VIX is in triangle and needs above 24.9 to confirm the new bullish explosive move. I do believe this will do 3x or so before the market makes its final capitulation low
I was blocked for a week for simply mentioning my site I have it under my TradingView profile, so sorry for those who follow me here. Here is a quick update of NQ and I will post ES later. We should have this move down into the channel tomorrow. One thing to note is that 29th (today) was a window for the low, so if tomorrow we see a good pullback, it will be a...
As mentioned before, I dont expect VIX to move till mid Jan, than i expect it to explode! Im still long with 35 Apr calls and will be adding those to max size mid Jan as I expect the price to 3x from around here
I can say that the lows are in for now, but the only issue is the timing, its not going to bottom till the 22nd. So to me it seems its going to test lows 3750ES zone by the 22nd and then go up into early high next week on the 26-27th. Thursday should mark the bottom and then go up on Fri hard on the data is my thinking. That high should be limited to 3950-60SPX imo
Havent updated my ES progress chart, here is one If first box is taken (which I think has high chances of holding tonight), then the second box in 3750ES zone should hold and bounce into the open. If second box gets hit early am before the open, it will be a perfect buying opportunity for me for a 100 points move up plus
Here is NQ chart I posted on other site. Main support is at 10940-45, resistance is a bit over 11350 If SPX is after the gap close of 3748 and holds 3744 on the closing level, then NQ should bottom around 10950 zone as well. I had 2 targets for the NQ 11094 and 11060, first already broken. LIS is at 11034 More updates to come
Im on the road all day today, my connection flight is being delayed over 4hrs now. Had no time do a research, so can be wrong or can be right:) First of all Fri low came exactly on CPI gap open! I did tweet about it on Fri that I expected that number to be at least good for a bounce. It just stopped there. Closing above afternoon highs is usually a bullish sign...
Needs below today's lows to confirm the move down, then should test low 3800 There is a big SPY put wall at 3800, so I expect it to hold and close around 385 or so
This will turn soon for a bounce. 3950-60SPx is the main resistance with one at 3895-3906SPX
Look where we closed today, exactly on the support trendline The CPI gap open is at 3865, opening below tomorrow will flush in am down to 3808. Holding here can spike up the price for a gap up open. Thats is why I have no strong conviction on tomorrow's open and direction, like I had on yesterday's close. So I will leave it for the night monkey's do...
Now lets see if it closes on the lows (bearish into tomorrow) or will continue push higher (bullish into tomorrow open)
Getting close to a maj support here. Wondering it this will close at it, then it will be super hard going into tomorrow. Either it gaps down and the trend is gone or the trend wins and at least we get a small pop
I was sleeping in today after my BD celebration yesterday and what a present I got:) The only issue is I didnt short 2am last night as was looking to do it and tweeted about it! Good I got some of those lotto puts (tweeted yesterday as well) We got a gap down I was looking for, hope people are not trapped long since yesterday as I warned so many times as well as...
This is a perfect re test of the broken wedge. No Santa Crappy is coming your way! Watch for the Grinch train running over bulls into the EYO close First maj stop is at 3748SPX gap close, ideally this Fri!
This is the best I can come up with today. i didnt do much research today. Want to see a lower low in am and bounce after the Interest rate decision, then the whole move will be faded after Powell starts talking. Short around 2am, buy am low for the interest rate decision and sell that rip (if we get one) right before Powell starts talking. Thats my plan for...
Want to buy a dip from the 2pm news for a rally into 2.25-35pm high I will short that high and hold into Fri
Im not an expert in EWT but this is what I see in case its going to make a new low. Im going to buy that area for a bounce