So I was away from my computer and basically just managed a trade via phone and had no way to make an update for yesterday. My analysis was basically close to the same sentiment I had from Wednesday, which was that we had violated too many trends and were going to see a brief rally. From that rally, we now have several trends that when they went uptrend, are...
With IVR at a 52 week low, selling the front month 40 delta, buying the back month same strike here for a 21.00 debit to take advantage of any volatility expansion we may get, particularly running into FOMC. Filled for a 21.00 debit.* Will look to take money, take, run at about 10% of what I put it on for or around 23.10 or so and/or look to reduce cost basis in...
this is apr 28, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend important note: NQ/ES trade below yesterday POC (high liquidity area), pull back? I could be wrong, it is not a favorite location for day trading
There is a possible ascending triangle in the making, we are very close to attempt a break-out, which after a re-testing could lead to a rally to 4.3-4.35k area. NFA
Yeah, I'm back, lol. A little late in the game, I slept in this morning and missed the fun. Everything went oversold yesterday, should've bought when RTY was red this morning. In any case, looks like a pump and dump AGAIN, AMZN after market close and PCE numbers tomorrow morning. Lots of stocks like GM hit support this morning. We're due for a garbage stock...
🖼 Daily Technical Picture 📈 ➤ An aggressive pump higher today in equities, undoing all the Bear's work over the previous days. The Bears are banished...or are they? ➤ It does look like one-way traffic at the moment. The Bulls have control. The only issue I have so far is their inability to close a month beyond the Feb 2023 high. This monthly high close (and...
For Friday, 4135.75 can contain intraday weakness, above which 4182.25 is likely intraday and able to contain session strength. Closing today above 4182.25 indicates the targeted 4243.00 - 4260.25 region by the end of next week, where the market can tap out through Q3 and a significant upside continuation point through the balance of the year. Downside Friday,...
Based on private indicator, price may revisit these zones in future. No financial advise!
Big Tech Earnings to Trump Economic Slowdown Concerns? Yesterday evening's strong earnings from Meta seems to be adding to the tone of impressive earnings from Microsoft, Google, McDonalds, and Chipotle that all seem to demonstrate that major firms have pricing power to absorb the inflationary pressures. Continued big tech earnings momentum into the next week,...
this is apr 27, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
good afternoon anon, are you feeling bearish all of a sudden? it's okay, that's natural. --- spx looks to be in a local 4th wave right now - 4073.75 is the hard invalidation on this local wave. if it is breached, the upside move is invalidated and bears take full control over the next 2 weeks. --- >if the bulls are succesful in this local setup, >i am...
MACD crossover on the 1 day, rounding top on the 1h, 2h, 3h, 4h. Profit targets: 4070, 4031, 3950
🖼 Daily Technical Picture 📈 ➤ At an index level, equities couldn't hang on to early gains and retreated for another day. The price actually closed a minor gap from the previous uptrend as shown by the blue arrows. Note that there is a minor gap higher and a large gap lower from current levels in the SPY. The question is which one will get filled first? Comment...
For Thursday, 4133.25 can contain session strength, below which the 4066.50 - 4070.00 long-term support area remains in close reach, able to contain selling well into May activity. Breaking/opening below 4066.50 allows 4018.75 intraday, while closing today below 4066.50 indicates a good high through May, 3921.00 then considered a 3 - 5 week downside objective....
So I cashed out when we struck the 12hr trendline around 4095 yesterday. With the way the trends are looking I think I'm likely to just sit out for today and let the market play itself out. While I was stopped out and lost nearly half of the surge I gathered in the 6E, between the few hundred on that and the money made on the S&P I've more than surpassed my weekly...
this is apr 26, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
After a sharp decline yesterday, traders might try to test yesterday's levels. Any test of ETH session High could provide direction for the day. Level to watch: 4113 --- 4111 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET
The S&P500 (SPX) has had an excellent run following our buy call more than one month ago: Yesterday though it flashed a sell confirmation as the price broke and closed below the Higher Lows trend-line of the recent Channel Up bottom. Both previous times this happened (December 06 2022 and February 17 2023, it was a major sell signal towards a new Channel Up...