Project_MMG

Project_MMG

SPY is opening above value Opening range is going to be 438.43- 439.77 if we fade the gap it tells us we didnt have enough supply to hold price up and it was taken up to sell previous day supply to people chasing the gap. If we hold the gap with strength we can have a second day of mark up. We have to get through the open first and see how the closing hour looks.

Project_MMG

Spy has taken out 2 previous lows which triggers stops as we can see in the volume. Holding VAL and regaining VAH can start trend reversal meaning we have the supply to do so. IF there's a seller in the market we will take out VAL and test the low of 428.87.

Project_MMG

There is some Fed Fud going on right now with a busy economic calendar. We studied the Spanish flu and what is happening with covid. During both events there are very similar sentiments. Does this mean we will trade this scenario NO this is purely a study of the two events. With that being said. Here is what we came up with. ...

Project_MMG

Our current state of BTC is healthy we rejected April value low which sent us into our balance area high this also lines up with vwap (green) so if we can sustain that price level and BTC can regain value from Aug, BTC can continue to run up. if this doesn't happen look for our balance area to trade and potentially break

Project_MMG Updated 

Sept sold off into July's VAL we had monthly options expire and we also had a futures contract roll over Now that its month end lets see if the big money managers push price up to collect their commissions for the month In order for this to happen we need to gain our VAH level if we gain that we can mark price (inventory) into the gap and push our upper...

Project_MMG

QQQ level to reject or to break

Project_MMG

these are the levels we care about 1. Pivot level is 12515.25 2. Above the pivot we test/break 12740.00 3. Below the pivot we test/break 12337.00

Project_MMG Updated 

trade idea 1. Pivot level is 318.77 2. Above the pivot we test/break 322.19 and start up trending into our next levels 3. Below the pivot we test/break 314.75 below the major test is 306.97- 308.46 breaking that is downtrend on the macro

Project_MMG Updated 

QQQ has had an amazing run testing our break down points now that we are at all time highs we have to look at markets from an objective stand point so we need to ask ourselves where did price come from and how did it get there and where can it go now. We have a clear map out of what can happen.

Project_MMG Updated 

NQ is in a range between 13105 and 13249 what we are looking for here is direction if we dont gain 13249 we can see the lower range break down into 12729 which would stop run Thursdays low

Project_MMG Updated 

Yesterday before the close we gave the warning of SPY QQQ IWM and DIA all hitting resistance with no real buyers to push it so over night we shorted the weakness into our 13195.25 level on the NQ right now we are long call options as risk is premium paid we can possibly see 340 next week if we gain our levels.

Project_MMG Updated 

Nasdaq showed strength as we rotated into tech names. We are currently at resistance with a range of 13450- 13483 if we fail the range we can test our lower box i don't think we go lower if we do we have our levels set and ready to go. If we gain the range our first target is 13491 into all time highs. If we gain the high overnight we can possibly see 13672

Project_MMG Updated 

BTC has resistance at 34.5k if it continues to sell that level we can retest our 30.6k level before we test 37k a short to hedge spot here wouldn't be a bad idea

Project_MMG Updated 

SPY pushed all time highs last week with Friday creating a potential lower high If our low breaks at 381.84 a retest of 380.59 would make sense potentially getting as deep as 378.46 If we have a strong morning and we maintain Fridays closing low at 383.80 we can push all time highs. Long target is 393.37 Things to keep an eye on are rotations out of IWM into...

Project_MMG

ita stocks that make parts for aerospace