Watch teh current forming bear flag for a shorting location
First target (green arrow) if 4375 on es after open holds it up. Will try to post trades that system hits on.
I have been trying to only post when you will have 10 or so minutes to join me on the trade. Darn things fire off before i an get them posted. Do not want to post look at the trades I have done. Arrow marks spot i was half finished typing on and it took off, will keep trying to post early.
Getting this out as possible long trade, will post if entry triggers.
waited for system trigger long, avoided the one short trigger even though small gain could have been had. but now long looking for prior day value high as target or reversing trigger
QQQ has decent support below and has now gone below a 2 year trend line time, the bears maybe just getting warmed up.
Today system got 2 great 15 plus points on each trade short. Results on new system has been unbeleivable
Green arrows mark when lines where drawn, I am not saying we see the bottom because on a further move down a new structure will form. but does show a possible support
showing the approximate boundaries will be watching today, Sideways market in a balancing sideways over night. The smalls are making a move overnight we will see if that leads at all.
The upper end acceptance played out for a new break out higher, The over night moved higher and again found acceptance and gives us the overnight high and yesterday value low as our range to watch. I will be looking for a retrace and see if finds support in the 4192-4205 area for a long scalp. alternative to this will see if any impulsive moves and then play that...
Today's range is almost eh same as Friday with acceptance to the pricing and looking sideways until it break out. so will be looking to trade inside until we break this range. Not much else to add
Overnight is bullish with acceptance moving higher. my primary plan is long from impulsive up move or a retrace back to the yellow or blue line. Below the blue line will look for a retrace of a good chuck of yesterday. At this stage longer term direction is still unresolved.
Opening up into a big range and overnight moved to lower distribution. Will be watching the crossover back to higher distribution. Will also be watching the yellow line a a sticky spot.. The lower blue line is a prime spot for a bounce but so far market is telling me to lean short after a early bounce.
With FOMC this week do not expect a lot of excitement leading into that event. I am keeping an eye on the range marked with the blue lines and will trade inside until it breaks.
The big move came and in the day session right to one of the green support lines. Over night is forming double distributions and for the bulls needs to stay above 4050 and then the lower blue line. I will not take a side until the blue lines are violated so will remain trading inside the blue line until they break. I also have marked a few possible support zone...
End of last week the market picked a side, and now looks like it wants to digest this new higher level so watch the blue boundaries. I have a 4287 upper balance target so there is a larger up side potential. Now these targets do not have to happen in a straight line so as I wait for that to play out some short trades may trigger. There is strong acceptance to...
Today has a defined range that my out look remains long bottoms and short tops until it clear out of the range.
Over night is all bullish so most likely we just keep testing the blue marked range. will not pick a bullish or bearish side till this range is broken. Little peaks above or below is not a broken range so trade with care on break outs.