WadeYendall

WadeYendall

NQ & ES finished the week green yet again after testing the low of the recent range early in the the shortened trading week for US markets. The NQ closed 1% off its ATH high while the ES finished 0.56% off its ATH. The late week recovery was fueled by another strong earning report from NVDA although big tech showed signs of weakness to closed out the week with...

WadeYendall

Here's a late post of my weekly levels for NQ. Price already flushed the Feb 13th low but recovered back above it today. If price cannot hold the Feb 13th low look for a retest of today's low. Market clealy nervous going onto FOMC minutes and NVDA earnings tomorrow.

WadeYendall

Measurement on the breakout makes the upside target 5000 ish. This would be a gain of 60% from here.

WadeYendall Updated 

Another strong week for the market as both NQ and ES hit new all-time highs, with ES closing above the psychological 5000 level. Mega-cap tech, along with small caps (Russell 2000 gained 2.6%), led the way. BTC also rallied, affirming the market's risk-on bias. The market, now highly extended, awaits this week's CPI report, small cap earnings & PPI data for...

WadeYendall Updated 

NVDA now at 1.618 Fib extension. Expecting a pull back here. Wait for lower time frame topping pattern to emerge before entry. May need to test the 700 zone before reversal. Daily RSI plus 80. Stoch 5,1,1 plus 80 Targets on reversal confirmation would be: 9 ema 21 ema Green box.

WadeYendall

Another strong week for the market as both NQ and ES hit new all-time highs, with ES closing above the psychological 5000 level. Mega-cap tech, along with small caps (Russell 2000 gained 2.6%), led the way. BTC also rallied, affirming the market's risk-on bias. The market, now highly extended, awaits this week's CPI report, small cap earnings & PPI data for...

WadeYendall

Like the way price retested the downward trendline. Move up into the red resistance box is likely on of break of 2025. If price breaks above the red box look small caps to play serious catch up.

WadeYendall Updated 

The market wrapped up a volatile week. The NQ and ES both traded down to there respective 21 ema where they found support then surged higher after the FOMC held rates at 5.5%, payroll data exceeded expectations & META/AMZN delivered. The market continues to bet on the goldilocks scenario of flat to lower rates, a strengthening economy during a US election...

WadeYendall Updated 

Like the 175 area for a short term bounce. Coming into lower trendline support and the Mar 5th pivot low.

WadeYendall

The market just wrapped up a volatile week. The NQ and ES both traded down to there respective 21 ema where they found support then surged higher after the FOMC held rates at 5.5%, payroll data exceeded expectations & META/AMZN delivered. The market continues to bet on the goldilocks scenario of flat to lower rates, a strengthening economy during a US election...

WadeYendall Updated 

Market pushed higher again last week. The NQ made a new ATH daily close on Wed & the ES pushed through the Mar 29th high. Momentum stalled at the end of the week as traders trimmed longs on weak guidance from INTC and positioned for a big week of data & earnings ahead. This week Megacaps (GOOGL, META, MSFT, AMZN)are schuduled to report, the FOMC will make its...

WadeYendall

Market pushed higher again last week. The NQ made a new ATH daily close on Wed & the ES pushed through the Mar 29th high. Momentum stalled at the end of the week as traders trimmed longs on weak guidance from INTC and positioned for a big week of data & earnings ahead. This week Megacaps (GOOGL, META, MSFT, AMZN) are schuduled to report, the FOMC wil make its...

WadeYendall Updated 

The NQ & ES successfully retested their respective 21 emas and had very strong bullish continuation on Thur & Fri breaking key resistance. NQ closed above the Dec 28th high and the ES finished the week above the Mar 29th high. ATH is in play for both this week. The NDX and SPX have already made new ATH's and have room to their 1.13 Fib extensions. Odds of a blow...

WadeYendall

The NQ & ES successfully retested their respective 21 emas and had very strong bullish continuation on Thur & Fri breaking key resistance. NQ closed above the Dec 28th high and ES finished the week above the Mar 29th high. ATH is in play for both this week. The NDX and SPX have already made new ATH's and have room to their 1.13 Fib extensions. Odds of a blow off...

WadeYendall Updated 

The market pulled back to support on the first trading week of the year but recoved almost all the losses last week with a strong bounce off breakout support. NQ will start the week at Jul 12th pivot resistance while the ES will start the week at Mar 29th pivot resisance. If prices can reclaim and hold these key levels a test of the ATHs is likely. Look for...

WadeYendall

Here are my levels for next week. There will no updates as I will be on vacation. Sitting on support right now, but if we see further downside look to the Sept 1st high for first support or downside target. Not impossible to see price pull back to the 200 sma on a deep draw down.

WadeYendall

Just a quick post with my levels for next week. I will be away on vacay so no updates. Sitting on support right now. If we see further downside look to the 55 ema for next support and downside target. Not out of the realm of possible to see a deep draw down into the 200 sma.

WadeYendall Updated 

The 9 week rally continued into the holiday week. NQ and ES both finished the week green despite a mild sell off on Thur & Fri back to their respective 9 EMAs. NQ started the new year above the Jan 12th high 4% off the ATH. ES started the new year at the 1.13 Fib X & above the July 27th high just 4.2% off the ATH. Market is overbought but the ATH remains a strong...