We are now expecting the Nasdaq to trade higher than and directly surge past the resistance at 16768 points. The bullish behavior is a clear indicator that the course does not want to fall all the way down back to 15295 point. This, however, remains a viable option within the frame of the alternative scenario which receives a probability of 40%. Start you week right!
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...
Today I took 3 trades in the NQ, and made out fairly well. Please join me as I deconstruct what took place today. I must apologize for the audio quality of the video, I have to figure out a better way to upload the videos. I made this video earlier for another platform and just screen recorded it for Tradingview. If anyone has any idea, let me know.
Last week the market drifted to a new ATH. It was kinda a sneaky move with low odds considering a lack of volume. One would expect a stronger breakout coming from a multi day consolidation area. Well, larger patterns take time to unfold. From the market structure perspective, which is the only objective way for me to trade, no changes in the sentiment. There is no...
The market is holding well above the most aggressive trend line originated back in May. The structural forces analysis is the most objective way to gauge the sentiment . At some point the market will turn around but anticipation of that event leads to missing opportunities within the main trend. 07/10/2021
Contract - CME_MINI:MNQH2021 - High - 12796.25 - Low - 12734.00 Evening Stats - Gap: = N/A - Session Open ATR: 194.23 - Volume: 21k - Open Int: 233k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 12415 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions...
Contract - CME_MINI:MNQH2021 - High - 12855.75 - Low - 12840.00 Current Stats - Gap: = N/A - Session Open ATR: 165.99 - Volume: 8k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target...
Contract - CME_MINI:MNQH2021 - High - 12853.25 - Low - 12840.25 Current Stats - Gap: = N/A - Session Open ATR: 177.86 - Volume: 11k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target...
Contract - CME_MINI:MNQH2021 - High - 12750.75 - Low - 12651.75 Current Stats - Gap: = N/A - Session Open ATR: 183.55 - Volume: 22k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target...
Contract - CME_MINI:MNQH2021 - High - 12667.25 - Low - 12645.25 Current Stats - Gap: = N/A - Session Open ATR: 185.52 - Volume: 19k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target...
Contract - CME_MINI:NQZ2020 - High - 12589.00 - Low - 12571.50 Current Stats - Gap: = N/A - Session Open ATR: 197.56 - Volume: 17k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting....
Contract - CME_MINI:NQZ2020 - High - 12569.00 - Low - 12522.50 Current Stats - Gap: = +0.12% - Session Open ATR: 204.80 - Volume: 19k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target...
Contract - CME_MINI:NQZ2020 - High - 12496.50 - Low - 12474.00 Current Stats - Gap: = N/A - Session Open ATR: 212.26 - Volume: 14k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting....
This is the NQ at the 4 hour. NQ bounced from the middle of the current channel. In the middle indicator, I put a green line for RSI support. The middle of the channel was where RSI support was. The cash flow was higher than the on-balance volume suggests. That means the end of day rally was a short covering rally by FOMO bears this morning. Apple was Atlas...
If it Broke 9673.25 with a big volume it will go to search for 10498 Otherwise, a pullback to return to the trend line
If it Broke 9673.25 with a big volume it will go to search for 10498 Otherwise, a pullback to return to the trend line
$SPY jumped yesterday above the gap resistance with healthy gains in the other markets especially the small caps ($IWM) again putting up a stellar gain of 4.92%. $WTI oil is somewhat stabilizing which is supporting the beaten down energy names and banks who loan to this industry. Looking for $SPY to digest its gains at this level. $ES futures are down -18...