WadeYendall

WadeYendall

ES is locked near Mid-time frame 786 Fib just above the Aug 16th high. Market has gained 10% + after making a V-bottom on Oct 26/27th. Makes sense for price to trade sideways to down for a bit. Santa rally effect still in play going into the new year but tax loss selling season is also upon us so some early Dec weakness is possible. SUMMARY ES finished the...

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Market continued to push higher for the 3rd week in row, but stalled out on Wednesday at pivot resistance. NQ pausing at the Sept 1st high while the ES has stalled out at the Aug 16th high. Mega cap stocks also at point of resistance. Makes sense for a pause or pull back here but bullish trend has been strong and spike move higher due to panic buying and short...

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NQ had a big follow through week after the previous week's 6.42 % gain and finished up another 2.61%. NQ broke the downward trendline and closed above the Oct 12 pivot confirming a higher high. From a higher time frame perspective last weeks move also confirmed a successful retest of the Aug 16th high breakout point. The July 19th high is now in play. Chop to be...

WadeYendall Updated 

ES Closed another 1% gain last week after running up 5.5% the previous week. Price successfully retested the downward trendline and the 200 SMA. ES has also reclaimed the upward channel. Starts the week at Oct 12 pivot resistance. If price can break the pivot the 4500 level is in play. Conversely a rejection at the Oct 12th high could take price back to the 200...

WadeYendall Updated 

Here's a look at the levels I'm using this week. Clearly the trendline is major technical resistance and many traders will be watching it closely. Market expects a pullback here or at least a pause in the upward trend. If price breaks through trendline, however, we may see some panic buying. Upside target would be the 618 Fib. First downside target would be the 55...

WadeYendall

ES starting the week trading back at the bottom of the channel. The lower trendline of the channel should act as resistance. Most market participants expect a pull back here or at least a pause. First upside target is the Aug 17th low. First downside target is the 55 ema. Below the 55 ema look for a move back to the 200 SMA. SUMMARY ES finished the week...

WadeYendall Updated 

Here are my levels on the ES. Bounce off the 50 Fib to start the week. Can't read much into it as it may just be profit taking going into the Fed rate decision and AAPL earnings. Potential for a strong rally from here but may need to see a flush into the 618 Fib first. SUMMARY ES finished the week with a loss of 2.54 % after trading in a range of 165 pts. ...

WadeYendall Updated 

Here are my levels. Posting late but today's price action did not change anything after two 150 pt round trips today. Typical going into a Fed rate decision and big earning from AAPL. Market is extended to the downside and due for a hard reversal, howerver price may need a final flush lower through the 382 Fib first. SUMMARY NQ finished the week with a loss...

WadeYendall Updated 

Summary NQ finished the week with a loss of 3.03% after trading in a range of 687 pts. NQ rejected at the 55 ema and dropped 458 pts closing below the Aug 18th Low Price is now below the 9/21/55 emas The Aug 16th high and the 200 SMA are now in play to the downside Bond yields continued their uptrend with the 10 yield tapping 5% for the first time since...

WadeYendall Updated 

Here are my levels for ES. Price has already bounce from the H-pattern sharply back up into the higher time fram 382 Fib retracement. Price must establish above the 382 for bullish continuation. May see some sideways price action now going into big earnings. SUMMARY ES finished the week with a loss of 2.46 % after trading in a range of 178 pts. ES Rejected...

WadeYendall

Here's the zone I'm watching for TSLA. Bounce in TSLA would be good catalyst for an NQ reversal.

WadeYendall Updated 

Here the levels I'm working with this week. The NQ recovered all of Friday's losses today with a hard reversal back up through the 55 ema which is now support. A break above the recent pivot high would confirm 382 fib support and put the 618 in play at 15600. A break below Friday's low would put the Aug 18th low in play. A ton of Fed heads speaking this...

WadeYendall

Here's a look a the levels I'm using this week for ES. Rejection last week off the 618 Fib and 55 ema. Started the week with a run into the 618 again and has been rejected once more pulling back into the 9/21 emas. Key support at the Feb 2nd high and 200 SMA. A break of the lower trend line would be bearish. A move above the 618 would put the Aug 16th high in...

WadeYendall

Didn't do my regular weekend post due to other committments but here is a quick look at the the levels I am focused on. Very similar to the past few week. Yesterday's rally took price back up to the 55 ema. I will treat the 55 as resistance until its not. So far war has been bullish as yields are dropping and the odds of Fed market support increase during bad...

WadeYendall Updated 

SUMMARY ES finished the week with a loss of 0.77 % after trading in a range of 105 pts. ES has dropped to the lower trendline ES closed at the Feb 2nd High and the 200 SMA ES closed last week below the 9/21/55 emas. Most sectors closed down to flat but the XLE finished up 1.2 % and XLU closed down 6.9%. 10 year bond yields are trading above the 2008 high...

WadeYendall Updated 

SUMMARY NQ finished the week with a gain of 0.10% after trading in a range of 467 pts. NQ flushed below the Aug 18th low but closed the week above it. NQ is trading below the 9/21/55 emas Price is still above the HTF 618 Fib but has broken the upward trendline. Most sectors closed down to flat but the XLE finished up 1.2 % and XLU closed down 6.9%. 10...

WadeYendall Updated 

Heres a quick look a the levels I'm using as I have be tied up with family stuff. NQ broke the below the Aug 18th pivot which is bearish. So far it has found support at the 1.13 Fib extension and is currently trading in the false breakdown zone. Price needs to get back above the Aug 18th low (14804) to get some upward momentume. If price breaks below the 1.13 Fib...

WadeYendall Updated 

SUMMARY NQ finished the week with a loss of -0.82% after trading in a range of 356 pts. NQ had some 100% reversals above/below the 21 ema NQ closed again on the 55 ema below the 21 ema. Price is still above the HTF 618 Fib and upward trendline. Sectors closed mixed with XLU & XLC leading while XLK pulled back. XLE still strong. 10 year bond yields push...