Yesterday before the close we gave the warning of SPY QQQ IWM and DIA all hitting resistance with no real buyers to push it so over night we shorted the weakness into our 13195.25 level on the NQ right now we are long call options as risk is premium paid we can possibly see 340 next week if we gain our levels.
Comment:
we have a wedge tightening up with the volume being traded in the middle we need to gain the level for upside and if we fail it then we have downside in play
we have a wedge tightening up with the volume being traded in the middle we need to gain the level for upside and if we fail it then we have downside in play
Comment:
wedge broke rejecting our level as it became the Point of control we are at the bottom of the range which is important to hold for our upside view
Comment:
VIX also testing upper levels
VIX also testing upper levels
Comment:
Boom vix level hit
Comment:
Lower part of the level
hit on QQQ and on SPY
Lower part of the level
hit on QQQ and on SPY
Comment:
Comment:
we have the gap are tested we also have the vix 30 level on a possible 2b i would start to look for a higher low to push into the upper levels which we will target for profit takes
Comment:
Comment:
Low called before the close
Chart to go with the NQ