CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
August 5th wide ranging candle was 2x NTR . Represents extreme selling and likely cannot be sustained.

Gap down on Aug 6 NQ futures indicates further extreme selling readings. Expecting NQ gap down to be somewhat repaired by market open Aug 6 and bottom possibly in place.

Could be dead wrong of course!
Comment: Meant to say “ATR” (average true range)
Comment: Retest of bottom here

TLT topped out

Good end to week is likely
Comment: Good end confirmed.

TLT definitely topped. Stage is set for a large rally.
Comment: Last NQ gap fill.

Wow, what a choppy bottom.

Likely in place here. Bonds retest top.
Comment: One final gap down before solid uptrend here I think

Comments

Agreed. Is Bitcoin now leading the markets.
+1 Reply
Ascending triangle forming.
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What indicators are you using down the bottom?
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Nice ending. Now what about Bitcoin. I believe Bitcoin and the markets are correlated. Your thoughts? Good to have you back Trav.
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After a year of silence I expected a BTC chart. Welcome back though.
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