Peace be upon you, merchants. An opportunity to buy. With a breach of support in 1915. As well as penetrating the descending channel. Which humiliates the power of buyers in the market. The price is moving up. In the coming days we can see. Price 2120. And the price of 2200
I have only one extension - 2032.2 We have a high probability target at 1900 by the mid of the month. Which should hold for another push into Mar high, possibly just a lower high. I don't want to be long after the Mar high! It's a warning signal! Have a good weekend
Im not participating in this, Im swing short with SQQQ and will be buying SPXS at the close. Looking for a move down into the mid of the month and another leg up into Mar OPEX
I was expecting this move, it came on time for the Fed day catalysis. If you look at smart vs Dumb money as well as overbought conditions and negative divergences, you can see that this is a fakeout move, which happened many times in history. I had a very important update last night, and will be doing a follow-up tonight.
RTY chart, held support where it had to, at the must-hold resistance now There is a pathway for the overshoot/fake-out move I mentioned before; there is time till the Fed meeting. Its at a perfect r/r for a swing short. I might post one more chart tomorrow. Good night
Looking for a test of 189.50 highs demand below 180.15-177 area looks interesting for longs on retest
Bulls take a position, get trapped; bears jump in and get trapped as well. A coil. Stops are placed. As they should. If the coil breaks out, half the crowd will quickly be wrong and bail. The market will eventually pick a way, discover price. Up down, cant do sideways forever. Crypto is rising, cpi is slowing. gasoline is cheaper. Cnn sentiment index is at...
I hope everyone is having a great weekend. RTY is in the bull channel all week, similar to NQ’s rising wedge. As you can clearly see, RTY is way oversold on the 4h chart (MACD, RSI); this will get a strong rejection of the next resistance zone imo Looking at the cycle,s we still can push into Tuesday am open to test the major trendline around 1915-18 (depending...
Im not currently trading RTY, but it has the weakest structure out of 4 bog indexes. With the today's rally, RTY rallied the lest compare to the ES and NQ, where ES was leading on the upside, while NQ gave up less when it started to sell For those who trade RTY, there is a great short setup is setting up
The price is above Monday's high, which suggests one more push going into the CPI numbers I have mentioned also in my SPX , NQ and ES updates about the possible inverted OCT 13th CPi release move tomorrow. A Gap and Crap full report was posted last night and updated today
The RTY one hour time frame is in a channel. The market is near the top of the channel. As long as the market stays below the top of the channel. It is expected the market to push bearish towards the bottom of the channel. Entry: counter trend line break bearish below the top of the channel. STOP: In the buy zone above the entry. LIMIT: 1756.7 Once or if the...
$RTY holding some pre post Election levels. Hopefully that Fat bastdid shows up and we get a rally ..
MFI oversold but DAX looks bearish on CPI numbers. Rally probably doesn;t happen until Europe closes. Could just be a whipsaw day with Powell speaking tomorrow
I will start by sharing a Twitter poll, which shows the sentiment we are seeing now. Most think we are going lower. Therefore, the market could go higher in the short term. twitter.com I believe our target is the critical breakdown level that was never retested on the chart above. The maximum upside is the R3 Monthly Pivot + Yearly Pivot, which will most likely...
Should not get above 1905 on any test for much lower numbers to be seen next year. If it holds, might get below 1500 early next year. Will short 1900-02 zone with a 10-15 points stop. ideally we see a good move down to at minimum revisit pre CPI day close
Algos are clearly still trying to pump the market, look at MFI. Going to wait until MFI gets overbought before getting into any big trades. SHould happen Tuesday I think
Weekly Engulfing Charts are clearly not a preferred look for the Buy Side and those riding the Bullish Tilt-O-Whirl - Bodies are being flung everywhere. The Dollar is doing its thing, it ran to our PO at 107.65 with a 107.67 print and reversed yet again. it's been a pattern as the EuroDollar continues the ties that bind, Dollar shortages create demand until the...