Happy Mid Week Day, Happy Wednesday, Happy FOMC Day, NASDAQ has given up 13570 level which was vital turning point. Break of 13530 & 13480 will open downside. Reversal from 13530 & move above 13620 means we are in another bull run to 14k Line in the sand is 13570. Macro US Retail Sales, FOMC Buy Break: 13550, 13645, 13750, 13900 Reversal: 13460,...
Holding am high will get us eventually to 13205, ideally tomorrow, then another good size bounce on Thursday.
I have sent a bigger update to those who are on my email list with an updated SPX chart, which I will post tomorrow after I see reaction of my main target. NQ update for tomorrow: - NQ Maj support is at 13510, break it below and retested will be a perfect short for a trip down to 13130-200, depending on the time of landing. - NQ I have also a good fib confluence...
Tomorrow is a day for the high, the day after is a turning day. It can extend into 13806 and 13866-88. Want to see a good size pullback into the 26th and then possibly one more push into 14k zone. 200% extension off Jun lows is at 13866 Im short 2.5NQ as of close, will take profits if we get a good size pullback.
NQ has reached upside targets (13705) and 61.8% retracement of the second leg decline. Short it here with a stop above today's high looking for 13k or 12900 even.
The rise over the past week is very strong and his mother will probably continue to rise strongly if God wishes and thanks
NQ is below 200MA, recent high is a main resistance going forward Resistance 13068
Not much to add, didnt trade today, didnt miss much. Im flat at the moment except few ES under the water shorts (I always have long term runners and only have 30MNQ going on the long side against 20MNQ short; no more long term ES, more on the short side, all long term holds, as Im fine to take a heat on some) Will be shorting tomorrow am if we get any higher,...
NQ went down into the upper trend channel into the close, fake breakout imo. This move should be over tomorrow if it was not today. My turning day is 4th on SPX and DOW. There are 2 targets I have on the downside and I favour second more then the first one. - 12500 - 12075 The low should come on the 15-16th and one more rally into EOM or early Sep to finish the...
While ES has a different look then the NQ, NQ is hitting the top of the channel, Maj support is at 12610-20 now
Going to short the next bounce with a stop above the channel Seeing signs of topping pattern, still can press higher, but SPX is lagging behind with making lower lows
Low mid month, high into 13900-1400 zone by end of Aug or early Sep. This is going much lower into Oct low! Planning on exiting all the long term longs around 13910-14000 zone
NQ almost hit my target zone, expect a test of the mid channel if not more. I still day trade this, no swing positions, only ES from Fri. All depends on how we will be closing today, might enter with either long or short for tomorrow Tomorrow is a turning day, it can be a move in one direction. VIX has a long signal, be careful if long indexes
QQQ hit all my PT’s. Next weeks calls up 200% from our entry at 308.50 from last post. Still looks good but a little extended short term. NQ also hit 13K resistance. If we see a gap up on monday, i might sell into strength and wait for pullback.
Took QQQ 311C for tomorrow as discussed in yesterdays post. With AAPL AMZN after hours reaction, these calls gonna open up 300% tomorrow. Also took AMZN 130C for ER. i will be done at the open. There is going to be a lot of FOMO tomorrow in the markets. Make sure u sell into strength tomorrow. Bears might throw in the towel after these ER reactions and probably...
NQ is about to test the upper bull channel in a bigger bear channel. Perfect confluence at 12797. Im doing only day trading on it, I will enter long term short when we hit or get close to my ideal target.
Right at last swing highs. SPY and IWM are already above these highs. Closed above these highs. QQQ right on it. Double top for now but Watch it tomorrow for either a confirmation of double top and pullback or a breakout over 308.55. We have AAPL AMZN reporting after hours tomorrow. We are right in the middle of congestion zone shown in the highlighted area....
helping you determine when price has gone far enough one way or another. when is a good place to buy or sell? lets see how the price can reveal to us where the buyers and sellers are so we dont step in front of a freight train.