TVC:SPX So the futures market after moving up from almost touching a vPOC moved back up to the 3100 range on option expiration Friday. After hours they moved back down to touch the vPOC at 3057. This now opens 3200 as untouched vPOC, as well finishing business at 3188 to fill the gap. Market action was weak towards the end of the week - but don't bet...
CME_MINI:ES1! Decision time - pick your POC We are coiling up for sure. Look and vote!
Briefly and clearly. Nasdaq (US100) is trading in this price range, where at the bottom it has EMA levels of 50/100/200 I do not force anyone to trade, but I would not risk selling even when it reached a historical maximum, I would always expect a strong correction and buy in large volumes. At that moment, when the Federal Reserve launched the lending option and...
The following diagram illustrates the breakup of a globalisation advance: Since the retrace in VIX has found a hard floor into the 25 lows, we may characterise the advance as an endgame for our economic cycle purposes. Now the erroneous nature of Volatility advancing can be seen. The effect of demobilising the consumer will weigh heavy on Equities, not...
LOL, I just can;t stay away from the market today for some reason. In any case I kept pointing out that NQ wasn't oversold, and something had to give. Well it did and NQ went oversold. So I assume we get at least a dead cat bounce here either tomorrow or Monday even if the market decides to take a big crap again. Considering how the EUros started the selloff...
Nasdaq has now made a new high and fooled everyone into thinking the bull market is resuming. Bad news is it has met resistance in the uptrend line from the 2018 highs. The road ends here.
They're going to gun the NQ into 4 hour upper bband breach, perform a fake rising wedge breakout and dump hard on it. Can't wait to short this later today.
Nasdaq (NQ_F) has made an all-time high suggesting that the Covid-19 correction is over at 6628.75. Index has now resumed higher and short term 30 minutes chart below suggests the rally to 9742.5 ended wave 1 and pullback to 9572.34 ended wave 2. Wave 3 is currently in progress and the subdivision is unfolding as a 5 waves Elliott Wave structure. Up from wave 2...
Nasdaq just broke off it's all time high and trading channel. I was able to identify 1 target area based on past price/volume action. Great buy while the market keeps pumping bullish news
MartyBoots here. I've been trading for 13 years and sharing my ideas with you I have seen this over and over again Dont get caught in the FOMO
It's over - the rugpull today was great, any rally from here on forth is to be treated with suspicion and faded. It's rupture and subsequent rejection will lead us to a lower leg below the March lows.
Long QQQ, all time highs is near. This channel is well behaved. It was to touch it possible to make money off some short covering. I'm long QQQ and holding over the weekend