pwizzle34

pwizzle34

Please read descriptions in chart on analysis. overall, not much news this week, just FED speak and NVDA earnings plus Memorial day next week so we can have a choppy week awaiting next week's data

pwizzle34

Please read descriptions in chart on analysis. overall, not much news this week, just FED speak and NVDA earnings plus Memorial day next week so we can have a choppy week awaiting next week's data

pwizzle34

Bonds look to have a relief rally look to them. However, they are failing to close higher above the BPR or FVG higher. Until that happens, it is merely a retrace to push lower - This will week will start to solidify the Higher for longer with yields/interest rate narrative we have analyzed so far since October 2023 when they first announced 7 cuts which we knew...

pwizzle34

Bonds look to have a relief rally look to them. However, they are failing to close higher above the BPR or FVG higher. Until that happens, it is merely a retrace to push lower - This will week will start to solidify the Higher for longer with yields/interest rate narrative we have analyzed so far since October 2023 when they first announced 7 cuts which we knew...

pwizzle34

- Price still consolidating around the breaker. Price will need to close above 2087 to start making its way back above 2100. If not, we can see price push to the FVG lower at 2035 and lower. - RTY are full of small/mid cap stocks that work with small balance sheets and deal in leverage. They are the most sensitive to rates since most of CASH POOR. If we get a hot...

pwizzle34

- Price still consolidating around the breaker. Price will need to close above 2087 to start making its way back above 2100. If not, we can see price push to the FVG lower at 2035 and lower. - RTY are full of small/mid cap stocks that work with small balance sheets and deal in leverage. They are the most sensitive to rates since most of CASH POOR. If we get a hot...

pwizzle34

Divergence with ZB showing strength suggests that yields could push lower to start the week before FOMC Wed ZB showing strength comparatively with the Yields, which can suggest a retracement higher in bonds and reduction in yields before FOMC More evidence of specifically ZB 30yr Note strength with it refusing to be repriced lower with the ZN/ZF. Suggests ZB can...

pwizzle34

ZB showing strength comparatively with the Yields, which can suggest a retracement higher in bonds and reduction in yields before FOMC More evidence of specifically ZB 30yr Note strength with it refusing to be repriced lower with the ZN/ZF. Suggests ZB can see higher price this week atleast in the beginning of the week

pwizzle34

Bullish targets seem to be the low hanging fruit. At the moment looking all 3 indices, YM is the only indice to close over its Bearish Breaker. That would suggest early that the rest may follow higher but doesnt confirm closure over their respective bearish breaker.

pwizzle34

After such a bullish week, I do not expect much different for the first half of the week. We have Core and Retail sales plus FOMC meeting minutes Wednesday. Should see some volatility heading into Wednesday and Thursday. No news Friday this week. Looking forward the following week, we have tons of economic data and Jackson Hole plus OPEX. I can see price squeezing...

pwizzle34

CPI week. The estimate is crazy low at .02. The consensus is that inflation has peaked and the data will back that up. However, based on assumptions, I believe we trade higher into CPI, then numbers come higher and market drops to the weekly gap after hitting 4200/4250.

pwizzle34

Volatile Week coming. One thing we dont have is a FOMC in August so can continue to trade higher in August before data comes back in Sept. But for this week, I see us trading down tonight and up higher tomorrow. Following the 1st of the new month bullish trend. But week wise, I believe we trade down to imbalance/void and hit FVG to trade higher to take out BSL and...

pwizzle34

Will be interesting to see how DXY reacts after taking SSL and tapping inside but no closing in the daily gap. I expect a bullish retrace higher to the gap above on DXY causing the indices to feel pressure for this week

pwizzle34

We saw a slight shift in structure after SNAP earnings and ending of this week. NQ is presenting a discount while others are making HL. If the NQ closes below 12373, it will signal a BMS lower and the rest should gun for 7/21 10am candle low.

pwizzle34

Believe it to be the SMS to be bearish and finish the MMSM for rate hikes, big tech earnings, GDP. In addition, the ES has run up 8% finishing a daily gap which is about avg before a 3-4% pullback.

pwizzle34

Now that we have broken above highs and filled one daily gap, we should start to retrace. Very violent week with plenty of macroecon data and future implications on tech. We have run 8% on the ES and that is usually the avg of when we will see a pullback. Plenty of tech earnings this week including AAPL, META, GOOGL, AMZN. I expect us to at least retest 3920,...

pwizzle34

Now that we have broken above highs and filled one daily gap, we should start to retrace. Very violent week with plenty of macroecon data and future implications on tech. We have run 8% on the ES and that is usually the avg of when we will see a pullback. Plenty of tech earnings this week including AAPL, META, GOOGL, AMZN. I expect us to at least retest 3920,...

pwizzle34

Price traded up on Sunday and took out Friday's PDH on 60m. Price continued to trade into premium prior to 8:30/9:30. YM took out BSL prior to 830 while others did not suggesting repricing lower for ES & NQ. Shorts were warranted Price consolidated and from 530-700. Bearish Judas swing occurred with ES & NQ at 7:00 suggesting price wanted to go lower. Price formed...