WadeYendall

WadeYendall

Here's the zone I'm watching for TSLA. Bounce in TSLA would be good catalyst for an NQ reversal.

WadeYendall Updated 

Here the levels I'm working with this week. The NQ recovered all of Friday's losses today with a hard reversal back up through the 55 ema which is now support. A break above the recent pivot high would confirm 382 fib support and put the 618 in play at 15600. A break below Friday's low would put the Aug 18th low in play. A ton of Fed heads speaking this...

WadeYendall

Here's a look a the levels I'm using this week for ES. Rejection last week off the 618 Fib and 55 ema. Started the week with a run into the 618 again and has been rejected once more pulling back into the 9/21 emas. Key support at the Feb 2nd high and 200 SMA. A break of the lower trend line would be bearish. A move above the 618 would put the Aug 16th high in...

WadeYendall

Didn't do my regular weekend post due to other committments but here is a quick look at the the levels I am focused on. Very similar to the past few week. Yesterday's rally took price back up to the 55 ema. I will treat the 55 as resistance until its not. So far war has been bullish as yields are dropping and the odds of Fed market support increase during bad...

WadeYendall Updated 

SUMMARY ES finished the week with a loss of 0.77 % after trading in a range of 105 pts. ES has dropped to the lower trendline ES closed at the Feb 2nd High and the 200 SMA ES closed last week below the 9/21/55 emas. Most sectors closed down to flat but the XLE finished up 1.2 % and XLU closed down 6.9%. 10 year bond yields are trading above the 2008 high...

WadeYendall Updated 

SUMMARY NQ finished the week with a gain of 0.10% after trading in a range of 467 pts. NQ flushed below the Aug 18th low but closed the week above it. NQ is trading below the 9/21/55 emas Price is still above the HTF 618 Fib but has broken the upward trendline. Most sectors closed down to flat but the XLE finished up 1.2 % and XLU closed down 6.9%. 10...

WadeYendall Updated 

Heres a quick look a the levels I'm using as I have be tied up with family stuff. NQ broke the below the Aug 18th pivot which is bearish. So far it has found support at the 1.13 Fib extension and is currently trading in the false breakdown zone. Price needs to get back above the Aug 18th low (14804) to get some upward momentume. If price breaks below the 1.13 Fib...

WadeYendall Updated 

SUMMARY NQ finished the week with a loss of -0.82% after trading in a range of 356 pts. NQ had some 100% reversals above/below the 21 ema NQ closed again on the 55 ema below the 21 ema. Price is still above the HTF 618 Fib and upward trendline. Sectors closed mixed with XLU & XLC leading while XLK pulled back. XLE still strong. 10 year bond yields push...

WadeYendall Updated 

Here are the levels I'm using this week. Sorry... too busy to post my usual write up on time. Contracts rolled over to Dec so the levels on the continuous contract I use has been updated. So far this week we have seen a 24 point up day followed by 24 point down day. Not surprising to have 2 way price action going into CPI data tomorrow. Price has pulled back to...

WadeYendall Updated 

Here are the levels I'm using this week. Sorry... too busy to post my usual write up on time. Contracts rolled over to Dec so the levels on the continuous contract I use has been updated. So far this week we have seen a 150 point up day followed by 160 point down day. Not surprising to have 2 way price action going in the CPI data tomorrow. Price has pulled...

WadeYendall Updated 

SUMMARY ES finished the week with a gain of 2.40 % after trading in a range of 131 pts. ES back above the Aug 16th High ES reclaimed the 9/21/55 emas First support is now the Aug 16th high Aggressive XLK & XLY sectors had as strong week while the defensive XLP & XLU sectors finished red. XLE is also showing relative strength. Still in a seasonally weak...

WadeYendall Updated 

SUMMARY NQ finished the week with a gain of 3.6% after trading in a range of 648 pts. NQ recovered the June 16th high & is trading back above the 9/21/55 emas First support is now the June 16th high and 9 ema Price is still above the HTF 618 Fib and Aug 16th high Aggressive XLK & XLY sectors had as strong week while the defensive XLP & XLU sectors...

WadeYendall Updated 

SUMMARY ES finished the week with a gain of 0.76 % after trading in a range of 118 pts. ES fell below the Aug 16th High ES is now trading below the 9/21/55 emas First support is now the 236 Fib RT Price is still above th 618 Fib and the Feb 2nd high Sectors finished mixed with XLK & XLY leading and XLE pulling back. However XLE still showing near term...

WadeYendall Updated 

SUMMARY NQ finished the week with a gain of 1.55% after trading in a range of 692 pts. NQ is trading below the Mar 29th high & 9/21/55 emas. First support is still the 236 Fib RT Price is still above the HTF 618 Fib and Aug16th high Sectors finished mixed with XLK & XLY leading and XLE pulling back. However XLE still showing near term relative strength. ...

WadeYendall Updated 

Here are my levels to start the week. I am currently away and not trading right now so unable to do any of my usual preparation notes or updates. Key support right now is the 55 ema. If the level cannot hold a move down to the upward trend line and the 618 Fib is possible. If price holds the 55 look for a retest of the 21 ema. There is retail sales tomorrow, FOMC...

WadeYendall

Here are my levels to start the week. I am currently away and not trading right now so unable to do any of my usual preparation notes or updates. Key support right now is the Aug 16th high and the 55 ema. If the levels cannot hold a move down to the upward trend line and the Feb 2nd high is possible. If price holds the Aug 16th high look for a retest of the 21...

WadeYendall

SUMMARY ES finished the week with a loss of 2.37 % after trading in a range of 122 pts. ES fell below the HTF 786 Fib RT First support is now the Aug 16th High / 55 ema All sectors closed red last week except XLE which closed 1.25% higher. Weakest sectors were XLK & XLU. Catalyst for Thursday sell off was the Fitch downgrade of US debt rating. Now in a...

WadeYendall

SUMMARY NQ finished the week with a loss of 3.05% after trading in a range of 510 pts. NQ closed back below the Mar 29th high & 9/21 emas. First support is now the 1.27 Fib extension Price is still above the HTF 618 Fib and Aug16th high All sectors closed red last week except XLE which closed 1.25% higher. Weakest sectors were XLK & XLU. Catalyst for...