Judging from past oversold readings, those were excellent opportunities to get long the Nasdaq 100 and aim for new record highs.
Getting ready to take long positions here shortly on the NQ contract. Profit target is above new all time record highs.
Our researchers believe the NQ and YM chart illustrates a very different dynamic which is currently at play in the US Stock Markets. The NQ, the Technology heavy NASDAQ futures, appears to have stalled near the 75% Fibonacci price retracement level whereas the YM, the Blue Chip heavy DOW futures, has already rallied past this level and is setting up a “double...
Well - volatility has been crazy but the bulls are coming back as strong as the bears were last week.
The 7320 target reached and has even been exceeded.
Here is a price action scenario I can see occuring and would be looking for the following trade setup:
Directional Bias: Long
Price Target: 7420
Good Entry: 7200-7220
Risk/Reward: 30 points max risk (below...
I believe we may be near a market top, if you are like me you may be wondering where to sell. This is my attempt to analyze the current moves. I do think that the stock market is nearly in danger but that being said, it is definitely not a certainty that we have hit the top. I am not counting on any new highs though because in my opinion, we have already hit...
So, I had this strange idea:
I took XIV (long volatility ETF) and divided its value by the corresponding value of QLD (x2 NAS100 ETF) to create this chart. To my knowledge the daily value of XIV is calculated based on the price of ES options, so there shouldn't be any relationship with QLD, yet this chart has a clear structure and beauty to it.
It's peculiar how...
Simple, let's buy dips to 84.98, and also buy at market open tomorrow. Risk 1% between both entries with stop at 83.91.
Today's events pave the way for uptrend continuation in equities, as I had suggestes previously. Now we have firm confirmation with VIX retracing 75% of the recent spike. We only need QLD to sharply rally off this juncture, so be ready to join...
In this chart we can observe the currently active time at mode signal in the monthly QQQ chart.
The uptrend has a long way to go still, so I expect further upside.
You should be long a few stocks by now, or at least long QQQ or QLD, or SPY.
Let's see how this evolves.