Hello guys. Yesterday I was wrong about the market. It was very hard to read. So I think the market will be bearish. After it reaches this point, I expect it to make a break in the market structure and aim for the low of the day. We will see more details at 08:30. Be careful and stay safe.
Similar to ES, there's as chance the bullish trend will continue towards the daily bearish order block but price is stuck between two HTF price zones which makes my judgement 50/50.
Therefore I will sit on my hands and wait for more data to print.
The March CPI was reported at 3.5%, higher than expected on April 10. This development triggered a sharp decline in the stock market, with a total drop of 8.5% from the recent high.
Could this downward movement signal the onset of a major bear market, or is this sell-off simply a retracement, setting the stage for the bull market to resume?
We will explore this...
In the video I explain my approach to the market and how I use 'trade sizing' to manage my risk in the initial part of the US session.
I walk through the price action for the NASDAQ and why I traded short and then flipped long. I explain the concept of sizing with regards to trade management and then how I 'SIZE UP' when I have conviction to end with a profitable...
Here are the levels I'm using this week. Key things to watch are the PPI & CPI data as well as earning from big retailers WMT and HD. Powell also speaks this week on Tuesday. Bullish momentum continues but NQ is coming into a completion zone for a bearish Harmonic at the 886 Fib. Potential bullish momo into that level then heavy resistance.
SUMMARY
NQ posted...
The White arrows to the right side are KL's. 18700 YTD High, 17027 YTD Open and 16300 YTD Low. The white dash is Mid Level of YTD Range. 4/1 Post, we have hit lower target and my see some retracement back up, not looking for a KL 18590 retest. Use Yellow dots as targets for next move. Yellow diagonal TL is next retest and TLX 17867, may see sideways with slight...
NQ failed on a breakout attempt last Friday morning. It hit the top end of supply and trendline resistance at the same time, right before consumer sentiment data was released. Price precedes news.
Here are some bullish and bearish scenarios I'll be watching for this week.
Here are my levels for the week. I have been really busy outside trading so I have not been able to post many updates. I continue to trade these levels a few hours every morning. Treat the levels as as support, resistance or targets.
The market is currently trading in a large consolidation pattern with large daily ranges. The levels noted are the one are I feel...
NQ had a nice rally this morning, but quickly rejected after consumer sentiment and some fed speakers. I thought it would hold above 18240 on a retest, but it hasn't so far. If it can't reclaim, it will most likely head back towards 18k.
Hello. after a longer analysis done on daily and weekly I came to the conclusion that today the market will be bullish. It's just that it's a more complicated analysis and a difficult market to read. I will go bullish today. If something changes, I will make a new post to let you know.
Hi folks. That's the analysis for today. We do not have any high impact news that can affect our market. I want to inform you that today we are bullish. After he takes the sellside or enters the FVG, you must look for a break in the market structure and enter the trade. I hope you enjoyed your weekend
price has ran up through the bearish FVG and into a bearish OB it failed to reach the 50% mean threshold level since it failed to reach that level I’m anticipating a retracement lower into the red shaded area or even lower i want to the market to crash haha i don't know why tho i just like shorting
It is hard to cast a bearish sentiment and never popular in a bull market. While bulls are an excellent thing and easily bring the increase over long spreads of time, bears IF encountered take one swipe causing massive injury just before they stomp and ragdoll its victims in such a way most don't survive.
Bear cycles are very fast and hard in comparision to...
Good Evening and I hope you are well.
overall market comment
Markets went sideways again which means balance. Currently most indexes fight for the 1h 20ema and oscillate around it. Bears got a deep pull-back which probably ran many stops just to quickly trade back up again. We are high enough to qualify for a proper lower high so the minimum bullish targets...
