$NASDAQ is extending lower and is on a way to test 14200 which is 50% retarcement of the latest swing higher. An eventual break below this level will accelerate decline. Look lower as long as it is below14500
If you review the Charts Published yesterday, you will find entries
for - YM ES CL was almost perfect into the SELL.
NQ, as it does - exceeded in Globex.
NQ's Pirfce Objective is 15943.5
It is important to Note - NQ, as insane as this may sound
can go on to make New Highs or at least make a failed
attempt, it is the strongest on a relative basis, it can...
The NQ's spread between December 2021 CT and March 2022 CT
has been wining wildly between Contango and Backwardation.
The spreads flip from Flat to Down to Up.
Looking back to January 2020 CT and FEB-MAR 2020 we witnessed
very similar action in the M1-M3 CTs.
With spreads this tight, it creates the ability to hedge during RTH
should a Trader find themselves...
There is simply far too much Selling into any move up during High Participation
Chopping within these ranges are clearly Distirbution Patterns which prove to
We see this in the 2/9 move to 300 and then wild swings as the Algos are attempting
to compete, there are two timeframes they are attached too.
There is an intense variable over...
In December of 2018 the market stopped falling at the most traded price for the last 18 months.
I've drawn the most traded price in the last 18 months.
All we have is history to guide us - and the last time the NQ acted like this was 2000 - when the NQ lost 80% of its value. I would not suggest that happen again - don't think the powers that...
Minor resistance held and now the August lows must hold otherwise we will have a date with the 3700 area. We are shorting all pops until last weeks highs get taken out. REMEMBER NON TRIGGER - NO TRADE!