CME_MINI:NQM2024 - PR High: 17877.25 - PR Low: 17852.50 - NZ Spread: 55.25 No significant economic calendar events Climbing back to 18000 - Partial weekend gap fill - Found inventory in 17850s - Above Friday's high Evening Stats (As of 12:35 AM) - Weekend Gap: +0.16 (open < 17840) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 302.43 - Volume: 23K -...
Price has moved for ERL(ATH) to IRL(Weekly Bullish OB) which created a MSS on the weekly time frame. Price has retraced nicely off of the Weekly OB and is now entering premium of the current dealing range on the daily - This week we will not trade on Monday as there is no news and will be expecting accumulation. - If market sentiment has truly shifted I am...
If NQ1! has topped for primary wave iii of v, the top of 18709 tagged the 3.618 extension of i from ii and, at the same time, it tagged the 5.618 extension of (1) from (4). From a technical standpoint, it's a beautiful finish. I would think that 11806.25 would hold as support, but technically wave iv can finish anywhere above 4884.
CME_MINI:NQM2024 - PR High: 17822.50 - PR Low: 17755.25 - NZ Spread: 150.0 Key economic calendar event 08:30 | Core PCE Price Index (2x) Closed prev high with vol spike back to week highs - Faded with strength at open from prev session high - Holding inventory in 17740s Evening Stats (As of 1:35 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) -...
On a recent post I posted a trade I took at 18200 level on mnqm4 I`m still using this level again in confluence with the open of this down close candle on 1D chart and lows from previous weeks This time I`m not betting the house Risk on the trade 0.53% on a 100k account with Elite trader Funding
My count has wave 5 of 5 of primary wave 3 complete, primary wave 4 projected to complete towards October 2022 low of 10484.75. I'm looking at 11806.25 to be support for primary wave 4. Area in orange ellipse ends of being an expanding leading diagonal 1 of 5 of 3.
Zones have kept me safe no matter what news is coming out. All I focus on is my levels and trading within the ranges. Come join the team and bank!!
CME_MINI:NQM2024 - PR High: 17486.75 - PR Low: 17437.25 - NZ Spread: 110.25 Key economic calendar events 08:30 | Initial Jobless Claims - GDP Strong inventory run to close prev session - Mechanical print resulting in pivot back into 4/23 range - Another technical session gap that structurally filled but left room to the close - Full gap fill at...
Open gap on ES1!, we knew it had to go lower. Thought the catalyst would be PCE friday but Meta earnings did it. I think they dont even look at earnings numbers, they just use the event and hit sell. NQ! .78 fib rejection is a clear reversal signal imo. Expecting at least the .618.
Gann says we're at a key horizontal level here. From the looks of it we could be dealing with a magnet - bears exhausted, bulls exhausted - I figure any excuse to push up or pull down around this pivot will play out. Earnings and economic catalysts likely to give us direction for the time being. Look to May 22nd for the next vertical pivot - we will get a clear...
Believe we will end the week bullish as long as we hold this low from the open. We should retest the upper line within 3-5 days max. Cut on a 2h close below low presented here.
Price is reaction to a daily zone. Now I think, market will go for higher prices
Good Evening and I hope you are well. overall market comment Bulls got excited again and calling for new all time highs after a 3 week selloff. Well today was the expected disappointment for the bulls, after euphoric bears got disappointed last week. That’s what markets do after wild moves. No one knows where it’s going and market is looking for the fair...
Spreader's delight. the Long NQ, Short ES spread continues to work in favor of the tech bulls.
CME_MINI:NQM2024 - PR High: 17698.50 - PR Low: 17664.00 - NZ Spread: 77.0 Key economic calendar events 08:30 | Durable Goods Orders 10:30 | Crude Oil Inventories Daily gap up print of ~65 points, 0.35% from prev close - Climbing above prev session high - Inside lows of 4/17 range Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open <...
today we seem to go higher. . all blue lines mark key swings. trade around them.