The beginning of February is historically a strong month for stocks and indices. One thing however that I providing me some context that the market may see a correction in the near future is this massive rising wedge with bearish divergences.
I wouldn't be surprised if we saw one last move to the previous high (ugly high) to grab some liquidity and make its way...
NAZ once again with magical lift in the O/N to offset the Friday sell off or the previous O/N Pump/Dump. Am I the only one has noticed this? Now we need to se if the typical predictable 2nd half of the Friday-Monday Long Only pattern plays out today. Getting tricky as the pattern use to be Friday Long and Monday Long, previous 2 Friday's have gone lower with last...
Overbought and AAPL is dead red today. It's down so much, it's knocked over a dollar off of QQQ.
I was gonna fade the gap this morning, but bought a few AAPL puts instead, glad I did, looks like I'll make some money this week after all, lol. Next time, I will NOT underestimate the Village Idiots (the Fed) and just go long. Oddly, I'm glad I didn't because AAPL...
NQ - Sat here for a good portion of the London session and observed price without pushing the button. I watched NQ return at the daily open/settlement price. The 580 level on NWOG has remained significant throughout the week. Reflecting on the week, particularly yesterday, it brings to mind ICT weekly profiles. S&D bearish scenario: Thursday breaks the high, with...
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned...
After having an Immediate Rebalance on the Monthly chart and testing a Weekly SSL pool, I'm expecting bullish expansion beginning the third week of March.
Entry: 18029
Stop loss: 17875
Take Profit #1: 18691.25
Take Profit #2: 19450
We see NQ forming a descending triangle into a key demand zone of 18165-18075 along with a key support zone of 18100-18060 that's been holding for some time now. With FOMC tomorrow, this will be a key zone, along with the descending pattern.
Below 18060 puts targets below into play.
Break above the descending triangle puts ATH back into pay.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
11/06 Weekly Plan. NQ Futures December NQZ2023.
Weekly Pivot is 15,042
Targets :
15,235 Friday's RTH session high
15,367 untested upside spike from 10/16
15,654 untested FVG 9/14
Targets :
14,867 top of true gap up 11/02
14,656 unmitigated singles from 11/01
14,481 top oif true gap up 11/01
Now trading at 15,181 NQZ
Alerts :
You will receive alerts in...
Monday - Accumulation
Tuesday - Manipulation (setting the high of the week in this case) CPI
We use the economic calendar to frame our weekly profile.
Wednesday - Thursday (Continuation)
Friday - Will close the weekly Candle and you will usually see it do the opposite of what the mid week did.
