1 of the 7/11 are currently Positive - MSFT and TSLA on the Gamma Sqeeze, we indicated would develop. Elon preparing for another SELL. SMH down .58%. VXN Chopping between .382 and .500. _______________________________________________ Any VX Assualt today leads the Indies up like Balloons.
Solid and supportive Range for Scalps. .382 offered Resistance as we approach EU Session Close. Liquidity will evaporate into the PM Session. .500 15716 is ST Micro Support with the 690 as the LIS. __________________________________________________ 7/11 with the exception of TSLA (High Calls Positions) and AMXN, barely RED. VXN @ .382 26.47 VIX CASH/SPOT...
After a sharp drop, US100 has approached the yellow support zone and is rejected and pushed to the upside. Currently, price is facing a bullish pressure and is about to break the last minor high. If price breaks the last minor high (red color) and the current 4H candle closed above 15840, we expect a rise to 15973 which is the next high, and in the case of an...
5 Minute has a higher GF NQ remains hostage to Larger SELL until it lets up. TSLA Gamma Squeeze as they went all-in on CALLs again. ______________________________________________ Largely sloppy Day until EU liquidity it removed.
15615 lifted into the Final Hour - which provided the Squeeze to Gap Fill O/N. BOTs, as anticipated did the rest, up / up and away to GF. __________________________________________________________________ Selling began drying up into the Close as Profit-taking and overall unease gifted the NQ with the Juice it needed. Low Volume Short Squeeze. Seller will...
Volume selling eases up into NY Lunch. -.764/768's have held the Line all AM Session. With the EU now closed, Liquidity is an issue. It's a mixed bag at present. 15575 has been the Wall - the reaction there can provide further Squeeze or set up the afternoon reversal to the Lower Price...
We are closely observing the Year-End Losers in NQ for the Potential Fuel for any retracements - the Year-End Winner remain under pressure. The Likes of CERN are not going to turn the NQ, it is however a Chart worth observing, pure Mania. Expanding Breadth will be difficult until Wednesday, If probable at all. On balance, selling is letting up on those equities...
Just showing the plot so everyone understands what my blue line represents. That is the lower line for the channel we've been in for over a year. I'm sure we get a bounce off of it, not sure how big. I still think AAPL needs to head down to $140, but the market usually whipsaws down so taking it day by day.
Hey squad! Y'all know my month started really rough. But last week took me way up! Total of six trades for the month of December so far---Three wins; Three losses. The funny thing is the Wins taking me straight to profits. Watch the clip to get the tea!
5 Wave Symmetry is our preferred Count for the NQ. Lower High ended 2/5 - with 3/5 underway. The patterns and symmetry have been gaining in shorter duration complexity due to the sheer amount of Distribution Volumes. ____________________________________________________ Once the NQ begins to break the Lower Daily Trend Cloud on a Weekly Basis Closing - the...
The NQ has become highly Technical, far more so than the VXN. VX is clearly swinging wide, while the VX ARB remains very compressed. _______________________________________________ The media continues to tout 4800 ES as the Ranges expand. Interest Rate sensitivity is affecting the RTY & NQ far more than the YM and ES. The Big 7 remains the leader with...
As we can see, NQ was following the "plan" exceptionally nice. To me that's a proof how the concept of Allen Andrews works. But there is much more in it than just painting nice Pitchforks. The REAL benefit a trader can gain is the study of swings. When I started study the swings, it was a crazy new world for me. So if you are interested real and profound...
After doing this, I realized we can all wait for the pullback... That would determine if the bull are back or not. Watch the clip to get the tea!
NQ is heeding the Rate Follies. A Gap and Trap after exceeding the 16436 LIS. Range Failure now implies the Crash Lines in Sand extend much further South... Much Deeper. 14K to 12.3K. ____________________________________________ Reversal into a potential Crash depending on today's Close. Friday Quad Witch. About as toxic as it gets.
Trending Cloud touch into Fill. Pretty amazing Price action in an enormous Range. ES and NQ pulled back to larger Supports on 2 Draws, 1 @ 50% the other Micro - .618. The Bid into VX did not last again. _______________________________________________ 30 Minutes chart has been reliable on both ends for Scalp, a higher low on the 15Min has confirmed entries...
This is a major pattern I know for a long time. Wash & Rinse, push back again to scare the week hands and then take off in the opposite side again. I post this chart as a "empty" chart on purpose. And I will follow up with the market included. Just step back a bit from your screen and soak it in. Then analyse the follow up charts. This will be a wonderful...
When it pulls back in the future, look for support behavior at these 2 trend lines.