2/12 Weekly Plan. NQ Futures March ESH24 Weekly Pivot is 18,007 Targets 18,112 18,270 18,426 Targets 17,864 17,660 17,482
UNDERLYING PRINCIPLE: Divergence between Futures/Stocks/ETFs and their Relative Strength Index (RSI) can be used to predict a bottom or a top. This method is more useful in determining a reversal in overall market than an individual stock. To elaborate the principle let's assume the market is making higher highs but corresponding RSI is making lower highs....
Clear sector rotation has been observed a day before CPI data release on Tuesday morning. It seems traders are getting out of Technology ( AMEX:XLK ) stocks and defensive sectors like Utilities ( AMEX:XLU ), Basic Materials ( AMEX:XLB ) as well as Industrials ( AMEX:XLI ) have been climbing up. HIGHLIGHT: The chart depicts S&P 500 ETF ( AMEX:SPY )...
2/12 Weekly Plan. NQ Futures March ESH24 Weekly Pivot is 18,007 Targets 18,112 18,270 18,426 Targets 17,864 17,660 17,482 Now trading at 18,030 Alerts You will receive alerts in this channel every time NQ hits (2M candle close): Weekly opening TBD Weekly pivot at 18,007 Each weekly target. Side notes NQ is currently OTFU in...
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the QQQ pair price action which suggests a high likelihood of a coming move down. ❤️ Please, support our work with like & comment! ❤️
Where to begin. I think it's about time investors started thinking more seriously at the immensity of the financial problems sitting at the door step, and the worst part is that it isn't going away if we ignore it. The Fed has created the largest bubble in US history. In 2008, when the banks gambled and lost, the Fed stepped in with new measures to "stop" the...
If we use the Elliots Wave like in 2022, this is how it may play out. The selling has been steep enough to apply the Elliots Wave here. Catalysts for Oct is a hotter than expected CPI/PPI, especially with fuel inflation rising and fuel prices rising back near record highs. Bearish Technicals: (1-Week) - RSI - MACD - MFI ----- On the contrary, these moves...
Let's take a look at the Russel 2000. This index seems to be the only one between the Dow, Nasdaq, and S&P that is failing to break to new ATH while they are. What we're seeing is a triple top/triple resistance in Aug 2022, than again February 2023, and again August 2023 which was confirmed with a break down to the lows of October 2023 before more manipulation...
QQQ's price has approached the resistance trendline at the top of the trading channel since 2010. It's crucial to monitor this line for a potential breakout. If we observe an upward breakout followed by clear confirmation, it could resemble another "bubble" similar to what we saw in 2021. Otherwise, the price might continue its upward trend while trading sideways...
... for a 3.60 credit. Comments: Laddering out at intervals, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I've already got March, April, and May rungs on, so going out to June here.
Hi guys, -- I'm back with another weekly preview of NAS. US interest rates are at all time high and NAS is also touching its all time high as soon as US decreases interest even a little bit NAS could go up. projections are based on flag.
Back to bullish position removing hedges. Clearly any sort of hedging of a market moving up in a straight line is a losing proposition. The key is to not lose out too much be appropriately adjusting the amount of hedging based on market conditions. This is why it is important to be actively hedging.
... for a 3.96 credit. Comments: Targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit. Laddering out in longer and longer duration at intervals ... .
NYSE:TGI I have had my eyes on this one since the big volume breakout on December 21st. I did not want to chase it, so I have been waiting for a pullback and re-breakout. I have that this morning. See chart for notations. I started a one third size position here with a stop on any close below the breakout trendline. Ideas, not investing / trading advice....
On this 15-minute chart I have installed an indicator twice- to compare the relative strength of several symbols /stocks in its customization. One is set up for a 15-minute time going back 4 trading days while the other on the right 5 minutes with a lookback of only 30 minutes ( fully customizable). See comments in text boxes on the chart. I believe that...
... for a 355.08 debit. Comments: Buying a one lot and selling a -75 delta call against to emulate the delta metrics of a 25 delta short put, but with a little richer premium due to call IV skew. I already have February and March setups on, so setting up my tent out in April here.
$483 coming soon 💭... $470 by EOM.. I've got a repetition of July Top and Pullback in play here. Potential to lead to something much more serious.
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