Dont look at any trendlines of mine, but the up trend channel, we hit the top and rejected right away.
Failure to break it will get us close to so wanted decline.
Good accumulation volume on RBLX. Going sideways after the initial break but looks good for next leg if ES can break 3950 and hold above it.
these bas formations after a good 70% drawdown from ATH’s looks really interesting. This is how stage 1 base breakouts happen for next bull run. Can easily see 47-50 if market holds.
such a big zone on ES here. 3910 - 3950 has been a pain for ES. same with NQ 12200 - 12270 been a pain on NQ. market internals are really strong for a push through this zone. we should see 3950 pretty fast if we break 3910 and then 3950 break will mostly depend on NFLX and TSLA ER's.
Indexes are still sideways on weekly timeframe between 3640 - 3950. Its been 5 weeks for now and i think we may have another week of this chop. Market will mostly break this range after the fed meeting on JUL 27th. If we look at candle stick chart on weekly time frame, we can see that we had alternate red and green weeks and mostly closed below the 50% of the...
At the airport, can do an update.
Friday H&S short was perfect, covered with some profit.
The close isnt looking bullish, I see more weakness tomorrow.
Ideal target to hit and is still at 11700-30
Im short, smaller size, tighter stop
Markets didnt close bullish to my eyes, looking for some weakness on Monday, ideally good gap down
NQ has a small H&S formation on smaller time frame, ideal target is 11825.
Ideal target to hold next week is 11700.
Im short few contracts as of Fri close.
NQ is riding the broken down trendline and the top of the channel, also its near the mid of the downtrend channel.
I have no good feeling of a direction at this point. Ideally we sell in am and then rally up again to top sometime tomorrow, targets are still 12100-20 and if above, then its bullish and it goes to 12400+
Volatility is going to start rising from the...
NQ is hitting the same top of the channel and the broken trendline.
Failing getting above it will just make another good sign for new lows to come mid of the month.
Moment of truth is today
Resistance is very strong in this level, can stretch to 825 for a perfect touch.
11800 call from am got fulfilled, it's very close to it, I have shorted for a quick trade here, looking for a possible real move down off these highs, might not come till after the FOMC
Back in 2021, I warned of an Excess Phase Peak pattern that may setup in Bitcoin. What I didn't see happening was a DOUBLE Excess Phase Peak pattern setting up.
This DOUBLE Excess Phase Peak pattern suggests the $30k to $34k price level in Bitcoin became extended critical support as price continued to navigate through the 5 Excess Phase Peak triggers.
Because...
Cycles & Fractals are aligning for an aggressive move higher in Gold & Silver.
If my research is correct, a similar fractal is setting up right now compared to the one from the GFC (2008-2011). I believe we are at a peak in the Gold/Silver ratio and we could see an aggressive move downward in this ratio over the next 6~18+ months - sending Gold and Silver MUCH...
NQ is setting up a fake breakdown imo and should be stopped at 11530 zone, 11500 is a must hold for today for any bullish setup going into the EOM
Im expecting a good size rally starting today or tomorrow am, so a long setup from a bit lower is something what Im looking for
The S&P stuck its neck above last week's FOMC gap settlement and the SPY had a bullish engulfing daily candle, but all was surrendered ahead of the close. These are some of the indicator we are looking at to signal this pop in stocks can turn into a real rebound.
Getting some longs here
Looking for a support to be found around here together with the ES
Looking to hold till end of the next week. Stops are must to have!
