It's getting almost ridiculous to post the ideas when the market is trending up with no sign of backing off. Shallow pullbacks are bought. From technicals view the price does what is supposed to do. A breakout of the previous swing high and continuation. The next week is a Holiday week which is seasonally bullish. We may see smaller daily ranges. I personally...
Not much to see here. Just the Nasdaq pushing for another bullish run. We expect the course to increase to areas above 16100 points. However, the Nasdaq needs to consolidate itself above 15879 points first.
I have highlighted a box where the market spent the last week. A concentration of inflection levels coming from different timeframes: weekly, monthly, quarterly. No wonder the price has a hard time to take off. The Friday's action ended right at the quarterly R2. Looking at the bigger picture: the Elliott wave aficionados may recognize a formation of the wave...
NQ1! NAS100USD 2021 NOV 15 WEEK
Nice pull back on the NAS for short.
Market tested lower level and rebound.
Let's wait for a pullback again for a long opportunity.
Weekly: High volume down bar closing above mid point of bar = strength
Daily: Average volume wide spread up bar closing near high = strength
H4: High volume wide spread up bar closing near high...
This past week the price made above the weekly expected move defined by the options market. This is known as a gamma squeeze. The excessive buying of Calls forces the market maker to buy underlying securities that results in higher prices. This is inefficient market situation. Looking 3 year back at the options market I noticed a handful number of weeks when...
In my previously posted idea I outlined potential targets for the week: monthly and quarterly R1s. Both targets were tagged and the market entered a consolidation phase. The monthly and quarterly resistance are controlled by larger timeframe participants. So far a muted reaction, the price is consolidating, while those participants are waiting for the big tech...
NASDAQ after the recent retracement tested the support area at 14580.
The price after a false breakout retest the support and start to move upside breaking the retracement channel.
According to Plancton's strategy if the market will retest the support and provide us a sign of inversion we can set a nice long order.
Follow the Shrimp 🦐
Keep in mind.
NQ1! NAS100USD 2021 OCT 18 WEEK
Weekly: Lower volume, average volume up bar closing on high = some strength.
Daily: Low volume up bar, spread has narrowed = weakness.
H4: Price marked up on low volume. Tighten stops
Entries will be based off price reactions at these levels
Short on Test & Reject | Long on Test...
This past week the market practically retested the monthly S1 and monthly pivot. A big range offered plenty of opportunities for day traders. But for investors who like to use the "set and forget" strategy the time has not come. Conflicting news terrorized the machines on both sides.
From a larger pattern development I personally envision the H&S pattern in...
Market is in the distribution mode. The new month started and offered new levels for the machines. My personal view is a big H&S pattern formation in play. I projected potential boundaries of the right shoulder. A strong bounce on Friday may correct the lower edge if not taken out. But for now I go with a symmetrical shoulder. The previous month S1 and this month...