We are about to transition into a new channel a bit lower. I expect a speedy recovery.
Are we going to look a BEAR market next week?! or just too soon?
Thank you TradingView. This is an awesome tool. I like it on a 30 minute chart. This is the timeframe that was used when they came out with Volume Profile TM. Allows for laser precise entries and exits.
All info is on the chart. Good luck
Contract - CME_MINI:NQZ2020 - High - 12496.50 - Low - 12474.00 Current Stats - Gap: = N/A - Session Open ATR: 212.26 - Volume: 14k - 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 4 HOUR Rising wedge? Testing Sep highs on diminishing volume and negative divergence on momentum. Breakout? Or breakdown?
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.