Equities are starting to display a typical risk-off tone.
US and China fired words back at each other suggesting
further escalation in the trade war, while Mnuchin confirmed
there are still no plans to go to China. The US is also
looking to announce Huawei type bans on other Chinese
intelligence companies.
We like the odds of further downside in the...
Had put in a short call vertical credit spread in SPX futures last night, and was able to unload it today automatically when SPX was at 2808.
Great gains - this was helpful as this trade along with the other have a small but positive delta which favors the long side.
Another trade here where the goal was to increase the daily theta I was receiving in. Pretty...
Nasdaq (NQ_F) decline from April 25 peak (7879.93) unfolded as an impulsive Elliott Wave structure and ended wave ((A)) at 7290. The internal of wave ((A)) unfolded as a 5 waves impulse. Down from 7879.93, wave (1) ended at 7682.25 and wave (2) ended at 7872.50. Wave (3) ended at 7481, wave (4) ended at 7637, and wave (5) of ((A)) ended at 7290. Subdivision of...
If we see 7420 & 7500 today we most likely will see a regular correction behaviour with 7070 as next target this week. If we do not manage to hold this region today or even get lower than 7280, a waterfall type of decay like last Autumn is highly probable. Also from COT Data.
NQ is clearly gaining levels and is probably going to test previous level it lost (7802), if so thats when you would look to get short, not long a breakout. Chart shows where previous lost lvl was the signal of trend reversal and what to expect next. Not financial advice, trade safe.
I don't know how to see accurate volume traded on this, which is a big help in determining the validity of head and shoulders patterns, but this is something to keep an eye on in the next week or so.
An index composed of the 100 largest, most actively traded U.S companies listed on the Nasdaq stock exchange. This index includes companies from a broad range of industries with the exception of those that operate in the financial industry, such as banks and investment companies.
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NQ1!
