Epictetzu

Epictetzu

Everyone is awaiting the FOMC announcement this afternoon. I'm expecting markets to be unable to choose a direction initially on the open and will be watching for moves to be shorter or stop suddenly and reverse. If price opens where it's at I will be looking for shorts to settlement and on down to the overnight low at Monday's P.O.C., and maybe even all the way...

Epictetzu

Last week's bearish run is possibly to coming to it's peak. Price has dropped to the bottom of the most recent range with a 500 point gap below to prices it's traded at before. I'm looking for this to be the end of the correction sometime in the next couple days. If price opens higher back above settlement maybe it will grind back up overnight to last weeks prices...

Epictetzu

Markets are already showing more indecision than they have before. I think last nights high may be where it will decide which way to go after the equites open.

Epictetzu

Equities markets are near wear they could possibly bounce, but you can see on the daily the S&P 500 is not bouncing back nearly as quickly or sharply as it has five or six times before.

Epictetzu Updated 

Price has been a upward run since midnight and could turn around soon if it meets resistance at last session's value area low, but if it makes through there I would look for it to stall when it checks last session's point of control and anchored vwap as both are close together they should offer more resistance than the value area low. This is all assuming it...

Epictetzu Updated 

Expecting NQ to move side ways to the next lower Gann line, but it could drop right on the open. If it does drop I expect yesterdays high to hold near the Gann line. This level has got a lot going for it. It was the two previous sessions' high and the P.O.C for the day three days ago. Lots of volume( and therefore money) was put in here so there will be some...

Epictetzu Updated 

NQ looks to be setting up to take off at Equities open again. I'll be looking for a pullback to maybe the overnight POC to get long or just going with the flow if I'm not in by open. B-bands on the MACD line are showing a nice rising squeeze as well indicating a move of some sort seems imminent.

Epictetzu Updated 

NQ Could be topped out for the night and could be falling back down to session POC or yesterday's POC

Epictetzu Updated 

CL should intersect with a trend line it's been following at around 1 am central time. Could move up to yesterday's high. Maybe down to yesterday's low or just down to yesterday's POC. If it says sideways tonight I'll look to these level for tomorrow.

Epictetzu Updated 

NQ has dropped out of the channel it's been following and is holding below and may be forming a bear flag. So much empty space to the downside with nearest previous levels being very far down. The first of which is Aug. 23rd's high which would be my target if it heads south. That being said I think it will just chop around sideways for another day.