WadeYendall

WadeYendall Updated 

Here is a look at my weekly level. Price is already gapping higher on NVDA news following the long weekend. Very euphoric price action so technicals are less reliable so be mindful that move can get over done in either direction in this scenario. SUMMARY • ES posted a 0.50% gain last week after trading in a range of 107 points. • ES sold off early in the week but...

WadeYendall Updated 

Here is a look at my weekly level. Price is already gapping high on NVDA news following the long weekend. Very euphoric price action so technicals are less reliable so be mindful that move can get over done in either direction in this scenario. SUMMARY • Nasdaq posted a 3.80% gain last week after trading in a range of 785 points. • NQ made explosive move through...

WadeYendall Updated 

Sorry for the late post. Busy enjoying the long weekend. SUMMARY • ES posted a 1.60% gain last week after trading in a range of 105 points. • ES broke through downward trendline resistance • Price is now just below the Dec 13th high resistance • The next upside target is the 886 Fib RT at 4310 • Strongest sectors to close the week were XLK, XLY & XLC. Weakest was...

WadeYendall Updated 

Sorry for the late post. Busy enjoying our long weekend. Happy trading everyone. SUMMARY • Nasdaq posted a 3.52% gain last week after trading in a range of 605 points. • NQ blew through the 886 Fib resistance at 13640 • 13640 is now first support support • Aug 16th high is first upside target • Strongest sectors to close the week were XLK, XLY & XLC. Weakest was...

WadeYendall Updated 

ES remains trapped below the downward trendline. Hard to predict whether price breaks through or rejects at this point. Bulls & bears locking horns between expecting a rate pause or a possible recession & stagflation. Queue a bunch of Fed heads this week which may provide a catalyst to get the market moving one way or the other. Powell scheduled to speak on...

WadeYendall Updated 

NQ finally broke above the multiweek range last week. Friday price action pulled back to the the break point so this week with either confirm or deny the break of range. Heavy week of Feb speakers ahead. Hawkish tone likely to bring market down. Dovish tone likely to push the market higher. Powell scheduled to speak on Friday. SUMMARY • Nasdaq posted a 0.45%...

WadeYendall Updated 

Same setup as last week. ES continues to trade just below the Dec 13th high and downward trendline. Closed last week at the high of range so breakout this week is possible, but I plan to trade the recent range until it breaks. SUMMARY • ES posted a 1.0% loss last week after trading in a range of 143 points. • ES traded down the first 4 days of the week but...

WadeYendall Updated 

Another broken record post b/c the levels are more or less the same at the past few weeks but it is what it is. NQ has been trading in this range for a while between the Feb 2nd high and the 786 Fib. Closed at the high of range so a potential break higher into the 886 Fib, but we will see. Play the range until it breaks. SUMMARY • Nasdaq posted a 0.11% loss last...

WadeYendall Updated 

ES closed the week on a positve note finishing above the decending trendline setting up a potential spike move into the Dec 13th high before the FOMC rate decision on Wedneday. All recent moves have been reversed so watch for a clean break and follow through before any aggresive long entries. SUMMARY • ES posted a 0.90% gain last week after trading in a range of...

WadeYendall Updated 

NQ closed the week on a positve note finishing at the high of the 4 week range setting up a potential spike move into the 886 Fib before the FOMC rate decision on Wedneday. All recent moves have been reversed so watch for a clean break and follow through before any aggresive entries long. SUMMARY • Nasdaq posted a 1.91% gain last week after trading in a range of...

WadeYendall

The previous 2 longer term retracements failed below the 786 Fib RT. The current bull move has closed twice above the 786 Fib increasing odds of a move higher into the 886 Fib RT. I see the the Dec 13th high a the key level to watch. It is my Bull/Bear line right now.

WadeYendall Updated 

More of the same as levels remain from last week. The market has been in range. It is important to recognize when the market is trending and when it is sideways. Expect sideways until something breaks. Treat the Feb 2nd high as your bull/bear line. Sell the top and buy they bottom of the range until the pattern changes. SUMMARY • Nasdaq posted a 0.94% loss last...

WadeYendall Updated 

More of the same as levels remain from last week. The market has been in range. It is important to recognize when the market is trending and when it is sideways. Expect sideways until something breaks. Treat the 4100 level as your bull/bear line. Sell the top and buy they bottom of the short term range until the pattern changes. SUMMARY • ES posted a 0.44% loss...

WadeYendall Updated 

More or less a copy paste of levels from last week as price remains stuck in a tight trading range. My posts have been limited simply because there has been little price movement. The market is clearly undecided with the bulls and bears are equally matches. Perhaps earning this week will provide a catalyst to get things moving. SUMMARY • Nasdaq posted a 0.27%...

WadeYendall Updated 

More or less a copy paste of levels from last week as price remains stuck in a tight trading range. My posts have been limited simply because there has been little price movement. The market is clearly undecided with the bulls and bears are equally matches. Perhaps earning this week will provide a catalyst to get things moving. • ES posted a 0.99% gain last week...

WadeYendall Updated 

Last week price consolidated as market participants waited on new information and were unwilling to commit to a direction going into the long weekend. I would expect more volatility this week as more data will be released and earnings season kicks off on Friday. SUMMARY • ES posted a .21% loss last week after trading in a range of 72 points. • Price remained...

WadeYendall Updated 

Last week price consolidated as market participants waited on new information and were unwilling to commit to a direction going into the long weekend. I would expect more volatility this week as more data will be released and earnings season kicks off on Friday. SUMMARY • Nasdaq posted a 1.09% loss last week after trading in a tighter range of 396...

WadeYendall Updated 

Back from vacay so resuming my usual schedule. Here the levels for this week. Watch for updates as the market plays out. Very bullish price action to close the week. Much of the momentum was drive by mega cap tech and potential short covering in the beaten down growth names. If the big names stall out watch for potential pull back to breakout point and ema cloud....