NDX Count alternative: Wave i of C ready; Wave ii started
The $NDX weekly with HA candles looks very nice. It looks like we might see the turn around the end of April. That is provided the resistance holds. Lets see.
NDX weekly is undecided. Indicators are still showing upside. Need more info.
Push higher on Yellen rethoric, nothing has changed, sell the news
Expect NAS100/NDX to break highs and break down. Corporate buybacks enter blackout period but early shorts must be punished and removed from the gravy train. Enter between 4437 and 4449, stop on close past 4462. Move to break even early after a momentum candle down.
A little engagement trade here to keep me occupied in this sideways market ... . Filled for a 7.05 credit ($705/contract). I'll look to take it off at something like 25% max profit or at about $176/contract.
Another thing I'm going to do while waiting for volatility to return in the broader markets such that it makes sense to set up plays 45 days out is go short duration. While I'm not going to put this particular trade on because I have a short duration RUT/IUX iron condor that I rolled out to next week standing in as this week's short duration play (see Post...
Bearish signal triggered on 1HR chart. Estimated entry point at ~107.50.
Just an interesting study using arcs and Fib retracements. Using BRK for an overall proxy for our markets to gain insights as to if we may be nearing a generational top. This chart suggests to me that we may be closer to some sort of top than we are to the beginning of a new secular bull market as some have suggested.
TQQQ broke through the two previously established levels of support and past our focus line, we're hoping for some more weakness before the getting in for the bounce.