One of my followers asked me how do you make money in a market melt up with options? Wait until MFI gets oversold then buy calls. Usually the biggest up move happens when MFI is oversold. Note that NQ doesn;t usually go that far down, so I drew a line for my buy point.
due to the political uncertainty in the US we are glad with watching this unfold .
Contract - CME_MINI:NQZ2020 - High - 12486.00 - Low - 12463.00 Current Stats - Gap: = +0.08% - Session Open ATR: 221.70 - Volume: 17k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target...
Many signals of a top right now in the MT trend. Looking for a swing tomorrow if we open below on RTH.
Daily Keltner Bands (yellow) about to pop outside of the Bollinger Band (purple) with a Daily Hammer looking likely.....
Got rid of the overbought condition and bounced hard off my support line. Still channeling up but tomorrow is Thursday, the weakest day. All cash now, not sure which way this is going.
Contract - CME_MINI:NQZ2020 - High - 12472.25 - Low - 12435.75 Current Stats - Gap: = N/A - Session Open ATR: 228.87 - Volume: 21k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting....
NQ RSI is way overbought, probably not a good idea to chase this. Couls till gap up tomorrow since MFI is still not overbought, but definitely not worth the risk of holding anything overnight.
from what i see could see a break up or below leading to a move outisde of the box
Potential Double Top: Short at resistance + channel structure Three downside targets labeled. Further downside continuation with channel breakdown
Contract - CME_MINI:NQZ2020 - High - 12350.50 - Low - 12312.00 Current Stats - Gap: = +0.14% - Session Open ATR: 233.36 - Volume: 29k - Trend Grade: Bullish-Neutral Key Levels (Rounded - Think of these as a range) - Long: 12440 - Short: 10665 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for...
Short term Elliott Wave View in Nasdaq (NQ) suggests the Index ended wave 2 on November 10 at 11505.33. The Index has since turned higher in wave 3. The internal of wave 3 is unfolding as a 5 waves impulse. Up from wave 2 low at 11505.33, wave (i) ended at 12065, and wave (ii) pullback ended at 11804.5. Index resumes higher in wave (iii) towards 12337.25 and wave...