I am expecting more movement from Wednesday to Friday due to Powell speaking. Staying open minded to what may happen as we have been consolidating and getting tighter in range. BULLS: 15264 as we hit this area multiple times, it is the double top of Jan/March 2022, and we can't seem to break over it now. We have a 3HR supply and 15M supply to break through. If...
We just recently broke from the 1HR downtrend line and looking to break to make newer highs. We have news releases this week for possible momentum to do just that. For this reason, I have bigger EOW targets to possibly reach. For intraday targets, targeting 0.5-1% of the NQ price. BULLS:I am interested in breaking the top of the trendline at 6/16/23 recent highs...
Targeting R1 as a push through this resistance supply 4hr zone. I skipped the NY opening bell, and when I hopped on later in the morning, we were making bull strides to move up. VWAP and EMAs continued up by following PA so it didn't seem to waiver that we would fail dramatically to the downside. However, looking back for possible demand zones for later this week...
Last day to end the first week of June. Us debt ceiling passed. 530am PST release of nonfarm and unemployment #s. Struggling through the supply zone at time of posting, would be interesting to see us break through to break 5/30 highs of the downtrend. Otherwise I am targeting pivot P below for bears if we can break through the demand zones. Keeping the...
New downtrend created on the 1HR timeframe. At time of posting, it looks like an attempt to break out. If we hit longs, I see a pull to Pivot new 14333, otherwise I want a bear retracement to S1 at 14224. My previous trade idea did pan out which was nice to watch and during my call with the team. It seemed crazy at first but seems that the US debt ceiling meeting...
US Debt ceiling votes are in tomorrow, Wednesday 5/31. Although the agreement is not what both parties want to the T, I have a feeling they will agree on the vote because it is for the greater good. If they do not agree, we are headed into default which will hurt the economy tremendously. We cannot afford to have that happen right now because of bank system...
Looking for a push through the supply zone as per the US debt ceiling talks for bullish momentum to end the month. We already had the gap fill as well. Targeting 14656 for bulls!
Not trading this week too much but will try to post daily of my charts and ideas. As I mentioned in my recent YT video Trasing Weekly Recap EP6, I am eyeing for some bearish retracements of last week before we kick off to end the month green at 14-15000. As for specific targets, I am going to keep them close or at the pivots reflected on the chart for longs and...
Chart Link: www.tradingview.com Not seeing much resistance on the chart for a further push up, HOWEVER, JPOW is speaking tomorrow. Preparing for major moves tomorrow: BULLS 13980-14140 (major rejection R5 level). BEARS 13759-13792 to grab demand zone liquidity, if we fall heavy then 13677. We have lots of gaps to the downside to cover but we have broken last...
Crazy longs played out today. I have been focusing on my new accounts I started and just passed them today so I haven’t been putting time to posting on social. Also some personal news affected my performance so I needed to spend my extra focus on getting through and by. I’m looking for a play into this heavy supply zone but a rejection back to pivot P. We have...
Trade idea is coming into play from yesterday. We were close to our bear target and for today/tomorrow looking to finish with our bill target near 13534-7. Strong moves from CPI and PPI, and tomorrow is to top it off. For bears target looking to hang around Target P 13426 from a strong rejection at supply zone D.
WOW CPI made the charts move! We hit our bull target... by a landslide! I was not expecting this many points to surpass our EOW targets. I have switched to NQ1! charts as it is easier to backtrace for finding zones. Therefore, we have new pivot targets as of tomorrow. We are forecasting a 2.4% PPI report, and our targets based on a 100pt move would be: Bull:...
CPI REPORT RELEASES AT 5:30AM PST. My original trade idea from Monday still stands. With CPI and PPI releasing tomorrow and Thursday, we have momentum to reach these targets (Bear target 13152 and bulls target 13458 by EOW.) In the meantime, we have a forecasted expectation of 5% CPI but the way they have generated the report is different than before. It is...
Manipulation is coming into affect as CPI is Wednesday and PPI is Thursday. My trade idea stands as mentioned in yesterdays post. We may have some further rejection from this strong 1HR supply zone or as we have found ourselves inside of it twice now, we may have enough push for the bulls. No specific targets aside from the pivot P, R1, and S1 as areas of...
Solid bulls push to end week 1 of May. Looks like we formed a messy cup in the 4HR/1day TF. Looking to create the handle to this cup n handle by EOW. Otherwise, we have a failed range to LOW form last week. Expecting volatility towards mid to end of week. Bear target 13152 and bulls target 13458 by EOW.
FOMC was killer. Our targets were hit on BOTH bulls and bears. Woohoo! This overnight session I was able to secure the breakouts of the longs, but I am seeing hesitation as of time of posting due to 5M supply and we are at pivot P. My idea is we linger through this zone for an attempt at the larger 1HR down trend around 13210. If we break out of the trend, I want...
FOMC today at 11AM PST! Let's wait for Powell to speak for some real movement after FOMC release.... I have targets both sides; the supply and demand zones on the chart are my shorter targets. R1 target is 13309 and S1 is 13085.. With FOMC potential move to hit either. We are currently sitting on P pivot 13209 at time of posting.
Looking for bullish push to pivot P. We have a few FVG to fill at bottom side but interested in a push into 13.3k before rejection off the major supply zones. We had a nice move into 4/3-4/4 highs as planned but open to see how we move tomorrow in regards to rest of news week.