yesterday I said that the downtrend might last for another month or two. Not trying to scare out longs, just my experience with what I will be considering a "seasonal disturbance" historically July, august, and september are the relatively bearish seasons in the US market.
A difficult month, but now we might start to move. Hopefully, those following this didn't add longs here. How far will this go? I dont know but we good enough for a good discount hunting.
Attempt another save until the Power Hour. Clockwork, but the deal is done, even VG knows they'll lose a hand to 75. They'll be back as the FED will 5X the pump after this dump. A wave 5 affair into 2022.
The ALGOs are attached themselves to this Draw for Fills @ .618 off Lows or the -.382. There has been one toss over which has traded, there will be another simply to run all Retail SELLERs out of the SELL. This happened in 2020, it is happening again. Although Breadth expanded among smaller Caps and AAPLs Gamma Squeeze failed at the new ATH and top of the range...
363 will only be sustained by AAPL. AAPL failed on Gamma again after making a new ATH. Those don't matter when 77% of Call Volume is bought by DG's as opposed to buying shares outright. Simple. 363 EOW close is required or the decline accelerates dramtically.
market professionals are constantly attempting to state the obvious to cover their own a**. if you want to win money you have to do your own thinking. If you get someone that knows what they are talking about and is interested in helping you out, you should be really greatful. Most of the time traders have some other agenda, like promoting a business or whatever...
all the 'professional' market watchers will tell you not to buy this market. There are plenty of patterns on the lower timeframes that would have allowed you to get long and make good money this morning. Always listen to yourself and don't give so much value to what some longwinded market gasbag is telling you. The fact remains that nobody knows what the...
The larger range remains an important setup for next week. It will provide further clarity as to where the Lower Boundary exists. We maintain the 12485 level has a higher than normal probability of now being tested. It will happen quickly when the decline begins. As we move into the end of the week, Blackrock and Vanguard will attempt to press SELL Fills while...
Levels are for THIS Weekly Closing. .382 is the likely Level... unless BR goes full tilt Friday... tough move for them as it puts them out of balance. VG & BR played cat and mouse until 3:45PM EST this go around and then unleashed the afterburners expected early at 2:45PM EST. We'll take it as it shows the longer pattern of Distribution has come to a decided...
The real move will arrive @ 2:45PM EST Simply Vanguard and Blackrock swapping shares until. Sell Side did mount the Decline Sellers were attempting. SELLERS @ LOWS ENDS BADLY for these chasers.
SOH for now as we closed a 12K position bottom to top of implied Range. Caution warranted here as weaker hands have taken over. 6.86 is the Line in the Sand for now, a clear SELL should it close below. There will be time to reload and patience will be required. A move to and through 7.71 would imply a Bullish continuation to 9.35. Trade the Break, Wall Street...
NQ has been a solid trader, plenty of Opportunity in the Range. Price becomes trapped and collared between the .382 and .500. We currently are in a SELL @ 15035 x 12 NQ /STP 15002 with Profit taker @ 14975. Should the Lows break... we will re-asses after 11:30PM EST. Sells in this range have been profitable with patience. Reversal periods occur into the EU...
nq could do a lot of different things. I see a lot of good arguments from both sides. technically we are in a downtrending market, meaning it's been in your best interest to find short positions. This could always change, but all we can really do is go with what the price history is telling us.
most bearish picture ive seen in a while. in trading it is always darkest before the dawn, but also never tell a market it can't go any higher or any lower. bullishly it has made almost a double bottom, and now it's stair stepping higher. Lower time frame Elliot picture probably looks really easy to point out.
Well that was fun, 157 Handies off DEC. Closed 2 on break of TGT Lows. Looking like much more to come. Closed ES @ 4410 from 4441. Closed YM @ 35101 from 35488 Closed CL @ 66.56 from 67.54 Closed VX @ 21.00 from 19.80 IN/OUT Burger on SOXS 2x for 37 ticks x 35K avepos. Closed RTY @ 2164 from 2199 TESLA - why bother, a very large percentage win. AMC - bag...
I'm attempting to display the 15 minute buy areas. There are two buy levels, the near one is obviously more likely to be reached than the further one. On the bearish argument, price has tried several times to make new highs and hasn't been able to do so. This could prophesize a larger drop in the future. Everyone is more tentative come Sep/Oct. This is...
Protection is being bid again in a larger than usual front run of Gap Fills below for the September Contract. Don Jerome Pablo Escobar Gavaria Powell made certain yesterday's close was another barn burner after announcing September would see the taper arrive. Thinking about thinking about thinking about thinking has concluded. All the signs were there, and......
nq is looking for buyers to step in this morning, and they are only recently doing so. Price could turn lower to the demand areas listed, or it could use the reigion it's at now to pivot and try to break the series of lower lows. My hypothesis is that it will continue a little but lower before turning higher. Markets looking downhill across the board. some...