I'm long 4 MGC at 1674.1 on the bid line of this falling wedge. Normally, I will trade a full GC contract (or two) but the dollar is so strong right now, I find it too risky to use that much leverage.
NQ 2 hour analysis - The NQ (Nasdaq 100 futures) is at an interesting crossroads. Observe the rising wedge with bid line drawn from the January 31 low. Notice the negative (bear) divergence on the momentum indicator below.
Now look back to the previous rising wedge that topped out on January 26th. Notice the first (yellow arrow) top coinciding with the first...
I am not in the habit of publishing trades after having already entered them, but today's (1/27) action on the NQ was too fast and furious to post charts during trading. However, I did post this chart in the Stocks & Indexes chat room several times when the NQ was trading in the 13100s, attempting to alert others to the dashed trendline, and also to the fact that...
1/13/21 1240a CT NQ analysis
I base most of my NQ trading on the 2 hour chart, using FIB arcs and the 200 ema (dark red). The white arrows designate important pivots for how the fib arcs are drawn. These 2 arcs have been in place since 1/8/21 and have not been adjusted. Notice how the .0786 arc from the 1/6 low is perfect resistance for the last 2 swing...
