SUMMARY ES finished the week with a gain of 0.94 % after trading in a range of 76 pts. ES closed again at the HTF 786 Fib RT First support remains the daily 9 ema Strongest sectors for the week were XLC & XLC. The weakest were XLU & XLRE. Another big week for earnings with key reports from AMD, HOOD, AAPL, AMZN, BABA, ABNB Long term bias remains bullish...
SUMMARY NQ finished the week with a gain of 1.87% after trading in a range of 401 pts. NQ closed above the Mar 29th high & 9/21 emas. First support is now the Mar 29th high Price is still above the HTF 618 Fib and Aug16th high Strongest sectors for the week were XLC & XLC. The weakest were XLU & XLRE. Another big week for earnings with key reports from...
SUMMARY ES finished the week with a gain of 0.63 % after trading in a range of 75 pts. ES closed back below the 1.13 Fib X First support now 9 ema First resistance remains the 1.13 Fib extension Sector rotation last week out of the aggressive XLK, XLY, XLC into more defensive XLE, XLF, XLU,XLV & XLP FOMC rate decision on Wed and PCE on Friday Huge week...
SUMMARY NQ finished the week with a loss of 0.88% after trading in a range of 528 pts. NQ closed back below the Mar 29th high & 9 ema. First support is now the daily 21 ema Price is still above the HTF 618 Fib and Aug16th high Sector rotation last week out of the aggressive XLK, XLY, XLC into more defensive XLE, XLF, XLU,XLV & XLP FOMC rate decision on...
SUMMARY ES finished the week with a gain of 2.19 % after trading in a range of 121 pts. ES closed above the Aug 16th high First support now 9 ema First resistance is the 1.13 Fib extension 10 Year yield pulled back sharply from 4% closing at 3.81% All sectors closed green on the week led by XLY & XLY. The weakest sector was XLE closing up 0.82%. ...
SUMMARY NQ finished the week with a gain of 3.3% after trading in a range of 771 pts. NQ closed just below the Mar 29th high. First support is now HTF 786 Fib RT / 21 ema Price is still above the HTF 618 Fib and Aug16th high Price broke through the 1.272 Fib X putting the 1.618 Fib X in play. 10 Year yields pulled back sharply from 4% closing at 3.81% All...
SUMMARY ES finished the week with a gain of 0.99 % after trading in a range of 71 pts. ES closed back below the Aug 16th high ES closed below the daily 9 ema First support now 21 ema 10 year yield broke out last week. Now above 4% Aug 16th High proving to be solid resisance Earnings begins season Wed/Thurs with the big banks. Bullish trend remains...
SUMMARY NQ finished the week with a lost of 0.81 % after trading in a range of 296 pts. NQ closed below the daily 9 ema First support is now the daily 21 ema Price is still above the HTF 618 Fib and Aug16th high The 1.272 Fib extension proving to be solid resistance. 10 Year yield broke restistance last week. Now above 4% Sectore closed flat to down last...
Same levels as last week as price has been consolidating at the 1.272 Fib X resistance. All about the FOMC minutes and Non-Farm this week. ECONOMIC EVENTS MON US ISM Manufacturing TUES US Market Closed WED US Factory Orders, FOMC Minutes & Fed's Williams Speaks THUR US ADP, US Trade Bal, US Initial...
SUMMARY • ES posted a -1.58% loss last week after trading in a range of 81 points. • ES found resistance at the Aug 16th high and pulled back last week. • ES may need to consolidate before moving higher. • ES only 10.20% off its ATH. • Every sector closed red on the week. Strongest sectors were XLV, XLY & XLP. Weakest were XLE, XLK & XLRE • Slight...
SUMMARY • Nasdaq posted a -1.37% loss last week after trading in a range of 343 points. • NQ found resistance at the 1.272 Fib X and pulled back last week. • NQ may need to consolidate before moving higher. • NQ only 12.03% off its ATH. • Every sector closed red on the week. Strongest sectors were XLV, XLY & XLP. Weakest were XLE, XLK & XLRE • Slight...
ES made an explosive move through the longer term 618 Fib retracement closing at the Aug 16th pivot high. As earnings season has wrapped up the main catalyst this shortened trading week will be speeches from Fed Heads including Powell on Wednesday and Thursday. NQ is trading the bull zone but is extended and due for a pause or pull back. The first major dip...
NQ made and explosive move thought the 1.13 Fib X closing at the 1.272 Fib X. As earnings season has wrapped up the main catalyst this shortened trading week will be speeched from Fed Head including Powell on Wednesday and Thursday. NQ is solidly trading the bull zone but is extended and due for a pause or pull back. The first major dip should be buyable....
Here are my levels for BTCUSD. A little messy with so many fibs but all the levels matter. Bouncing off the upward trendline after tapping the 1.618 fib X right now. Good chance for a push back into the red box. Above the red box I would expect some very bullish price action. I am following BTC much more closely now given the correlation with the Nasdaq of late.
ES begins the week pushing into last weeks high. the longer term 618 Fib retracement remains a price magnet so I am targeting that level on a break of recent highs. If price break get above the 618 Fib the S&P will join the Nasdaq in the bull zone. Expect back and forth price action going into FOMC on Wednesday. I will in scalp mode until the rate decision come...
Opening the week at resistance just above the 1.13 Fib X. A break of recent highs would be very bullish and put the top of the red box in play. Expect some back and forth price action with CPI, PPI data due out the next few days as well as FOMC rate decision. I personally will be in scalp mode up to FOMC. SUMMARY • Nasdaq posted a -0.16% loss last week after...
ES has broken out of the large ascending triangle putting the Aug 16th high in play. ES has been lagging the NQ but may play catch up quickly if we see broader market strength and improved breadth. Watch for a potential pull back into the Dec 13th breakout point before trend continuation. SUMMARY • ES posted a 1.35% gain last week after trading in a range of 124...
My long term bias for NQ has changed from Neutral to Bullish. ATHs may now be a magnet for price. That said it has moved a lot in a short period of time and is due for a pullback. Much depends on how names like AAPL an MSFT react as they come into their ATHs. Buy the dip may soon be back in play if market breadth continues to improve. SUMMARY • Nasdaq posted a...