The potential bear flag did not form as price shot up and finished the week strong. The $NQ is now at the major breakdown level. While we expect volatility to continue it does need a rest. We like a move back down this week. We are still long term bearish on this market and will keep an eye on the watch zone. A break down of the level could send us to the...
The $NQ chewed up support which made it non existent over the last couple of days. The $NQ could be starting to develop a bear flag. We will watch this closely. We are short term bullish but long term bearish for now. The swings are wide. If you "must" trade, reduce your size and focus on one maybe two markets.
OK...look at the charts and learn how selloffs work. We were looking for a pullback Friday and never got one. This market is weak and it is inflicting it's pain on people. The $NQ blew through support and is selling off again in the Globex session. We are watching the support area below for a trigger. The trade long will be for a bounce. The path of least...
Take note of this. This is why we tighten stops and take profit.
The ES is moving slow and forming a nice flag. We have moved our stops up to further protect profits. If the flag breaks to the upside then we will expect the 2120 to get hit. With a good amount of economic news this week (including NFP) we will either get stopped out or hit our target. Either way it has been a good trade.
Potential short setup with harmonic crab pattern (deep). CD leg completion around the 4500 handle.
We are covering our final 3rd of the position. This was a nice kick today (thanks EU). We'll take it and go home flat the NQ into the weekend. We will look for a pullback to initiate new positions. Lesson: Patience! we waited on the sidelines for this to setup and it paid well.
We are getting closer to our second target. We believe we will see it this week. Nothing has changed on the management of the trade. Stay tuned.
Da bulls. We are long per our last post. We have hit out first target Friday and have pulled our stops up looking to the 4400 area for the next target. The third target will be open. Read past posts...if you were patient you were rewarded on this trade. Stay tuned
This market is getting ready to move and we will be watching for a close above 4275 to get long. Stay tuned. Watch more details: youtu.be
A close above 2060 and we will be looking for buy triggers on a lower time frame. See our weekly outlook: youtu.be
In the middle of the channel. We will avoid for now and wait for a better setup. Watch more on our weekly update: youtu.be
The NQ is getting close to firing off a long trade. We want to see a break and close above 4275 before we establish a position. This goes on the watch list. Watch more on our Weekly Video Update: youtu.be
We are still waiting for the $NQ to find out zone around 4275. We like believe price will trade above it and if it does we will look for a trigger on a lower time frame to get involved to the upside. Patience will pay on this. Watch our video on this: youtu.be
$NQ never trigger and now may present a good opportunity. We are waiting for a close above 4275. Once this takes place we will look for trigger longs. HAPPY NEW YEAR!!!!!!!
$NQ still has not triggered and it may run away from us...bummer. We will not initiate any new trades until next due to the holiday. This is still our watch list. HAPPY HOLIDAY TO ALL!!!!!!!