Want to buy a dip from the 2pm news for a rally into 2.25-35pm high I will short that high and hold into Fri
The reflation trade in the US stock market (Wave-5) is about to explode above the GREEN resistance line. Far too many people continue to believe the US markets will collapse on some Fed/Economic crisis event. What they don't understand is the US is in a different position right now. Yes, deflation trends may continue for REAL ASSETS (homes, cars, commodities,...
This big rotation to the upside, after the CPI number, presents a new $4018 support level on the ES for traders. The Fed rate decision tomorrow may send markets briefly below this level, but watch for a reflation trade to setup after the Fed comments. If my research is correct, a melt-up trend has already been established. I expect the US Dollar to melt back...
Yesterday, prices rose across the board, with Nasdaq 100 index rising almost 5%. This move came amid a dovish interpretation of Jerome Powell’s speech by the market. As a result, the abrupt price action invalidated our assumptions about the potential top of the bear market rally. Illustration 1.01 The daily chart of QQQ is displayed above. The yellow arrow...
Will it be a fakeout bull trap or a start of a new move up 6% or so Im short into tomorrow, thats my bet, I might regret it tomorrow, might not. My cycles project low on the 15th and the 19th, I have to follow my system
If Santa fulfills our wishlist this year, Nasdaq should sink into the orange target zone to hit the bottom of the orange wave ii, before heading back North to surpass the resistance at 12 145 points and continue the upwards slope. Should Nasdaq carry on with the downward trend and cross the support line at 10 636 points, it would activate our alternative scenario,...
QQQ Weekly Volatility Analysis 12-16 Dec 2022 We can see that currently the implied volatility for this week is around 3.44%, down from 3.62% from last week according to DVOL data With this in mind, currently from ATR point of view we are located in the 79th percentile, while according to VXN, we are on 40th percentile. Based on this, we can expect that the...
Here are the SPY Cycle Patterns for this week. Expect more sideways melt-up trending as we head into the Fed rate decision and key economic data. Traders will start to shift into early 2023 expectations this week (after the Fed). Check out my other posts. The markets are not expecting anything extraordinary right now - more of the same. The Fed rate decision...
#ES 60 Min Zones for this week. Support: 3912 & 3960 Resistance: 4018, 4058, & 4101 Trigger Zone: 3990~3995 I expect a melt-up to continue as expectations for 2023 settle into the EOY trends - likely attempting to break resistance at 4058 & 4101. Follow my research.
There is H&S on 4h timeframe and quite visible C&H on 1h Tomorrow the price is set to get above or below the range. Can it it a squeeze into CPI or we finally get below 11400. Below 11400 will bring 11200 as next target. NQ is the most bearish looking chart compare to ES and DOW 4h chart coming next in this thread
Unfortunatly NQ dont want to go higher so i need change BIAS for short according to rule that everyeach accu look like distribution and oposite. So i found redistibution on Daily TF
Check the vol of today's move, its nothing! Typical Fri low vol grind If the price stays elevated, we should grind up into Mon am. But I will not be long if it will be a wall move into the close (last 10-15 min big up candle). I have a turning day on the 12th, will it be a strong move down or a gap and crap, I dont know, but we are getting close! I have a short...
$NQ - What an interesting area! We are at key support, lets see if these levels hold - if they don't as recession fears grow...I'd expect it to go towards the next support. Enjoy, Trade Journal
I dont want to see that support box broken. If it breaks next level will be below 11400 Im long some ES and about to start NQ longs Mind your sizing on long size, its a bearish trend day, ideally we reverse into the close
-price inside pivot point 4hr demand -Price above 200MA -looking fro buys -a lot of retail traders have this area on the chart so I would be a little concerned about that and could see price go below. + price has been going nowhere but up for 45 days so a pullback is healthy. -Need to see lower timeframe confirmation.
$NQ - Looking clean! A break to either direction...You must understand the theme today, we wait with patience until a direction is proven! Another day, another great opportunity. Trade Journal
In my eyes NQ and RTY are stronger then ES at this moment, which is kinda strange to me as it was the leading for the whole move down since ATH. Support held today (tomorrow's support box). Ichimoku cloud (not shown here) is in a thin area, so it has a weak support and can break below the lows to finally catch up with the ES. There is similar bull trendline as...
As the global economy continues to recoil after the US Fed rate increase - watch for the USD/DXY to find support above 103.70 and flag sideways/higher over the next 15+ weeks. I suspect any continued Fed rate increases will put further pressure on global markets/currencies and drive foreign investment in USD assets throughout 2023. Yes, the US economy is...