After following the major sell-off last week linked to the 10Y Treasury yield, this weeks 'recovery' looks like the NQ wants to break back into its old trendline, will it hold? Find out next time on Dragon Ba... I mean lets check back Friday. CME_MINI:NQ1!
The Nasdaq may be building the right shoulder of a head and shoulders topping pattern today. The flip side of this is the failed breakdown last week (in red). Head and shoulders patterns tend to have a downward sloping neckline (black line) so the failed breakdown may not be relevant. Hard to feel confident in either direction at this point, but hopefully we get a...
As you probably are aware, 10 year yields are have been increasing for the past week or so as the fear of raising interest rates increases. In short, yields go up with interest rates as bond prices decrease. When rates are projected to go up - as markets are a forward looking indicator - stock prices will decline as investors are pricing in a higher cost of...
Not chasing the rally, NQ and RTY MFI almost overbought. Good chance it doesn't follow the overlay though because tomorrow is Ponzi Tuesday, but I'm expecting a whipsaw week, might just take a break and stay out... or maybe daytrade again, I'll figure it out when ithappens
NQ looking to test lower and bounce, most likely sideways in the range.
The NQ Daily time frame is hitting support. The market has a history of pushing bullish towards the top of the up channel. The the buyers are to take control. Now is a good time. Looking for the market to enter into the buy zone off the one hour time frame will be a good idea as long as the daily time frame stays above the bottom of support.
For 3/1 #nq_f * Y'day balance 12838 * ON balance 13069 * Weekly balance 13059 * Control 13017-147 * Longs above 12966 target 13128 then 13266-466 * Shorts below 12966 target 12867 then 12784-649 *
My updated chart on Nasdaq shows that we could be in for a drop...again Just be careful people. BR the FXPROFESSOR
Something to take note of. Anticipating a good week, but a bad month/s.
Puppy is ripping. Less typing, and more charting to come. If not aggressive look for gap full for entry. *** not financial advice ***
#NQ #NQfutures #NASDAQ #SPY #NZX #ASX #NI225 #HSI #NIFTY #DAX #LSE #FTSE #Emini #ES #DanishTrades
Be careful of false breakout below 12662
NQ1! Chart update (log) With Fib Retracements on right; extensions on far left.
Hi guys, lovely Sunday here but a walk under the sun can wait until we have a coffee and do some charts. Cryptos are correcting so let's take a look together at what's happening today and what we can expect from here. ps. correlation to indices will be on all next week. Let's see how US indices futures open tonight and how that affects the crypto market as...
1200 point measured move to 11,500 level forthcoming.