Nasdaq E-mini futures is flirting with a trend line while on its way to 7000 mark. This trend line has provided a good reaction and most likely is being watched. There is a potential resistance that would cause a pull back. I need to emphasize the word potential. Any level is only potential. Considering that upcoming holiday it may lead to a short term risk off....
NASDAQ:ETSY Ignore that purple line, I didn't see it there when I posted the chart. Title says it all. Declining volume, Bear divs, Overextended, Head and shoulders, Nasdaq stretched overbought for the past few days. One catalyst and this will drop just like last time. Set your stop loss at new highs, easy play. I'm playing this with ITM puts and my target...
Obviously, the market is trying to bounce back after a deep sell. We don't know how long it will last, and we don't know how high it will reach. But we are pretty sure that there are numerous resistances are waiting for the market. I would like to short this market when there are exhausted candle sticks at the top of the bounce. Remember to set the stop loss to...
Nasdaq has so far made a +13.55% rise from the December low, the strongest bullish sequence since the October All Time Highs. If this sequence is not a Dead Cat Bounce, then we've spotted a fractal that shows it can make an additional +8.45% rise in the coming weeks. Illustrated in orange is the December 02 - December 25 candle sequence that led to the recent...
Since the December stock market crash, the sentiments on long-term economy growth in investment community soured, so much so that pundits asserted that recession would strike US economy in late 2019. The political impasse over government shutdown exacerbate the selloff. After the Fed placated the stock market and business community in Jan 4, with Jarome Powell...
one last bull market bounce as it will follow $SPY $EEM $GXC etc and others that have already done so.
I believe this is what would be classified as a complex head and shoulders top and according to Magee's trading tactics this is basically where you go short on this formation. There are different schools of thought on how to trade these patterns but the "safest" way is to basically wait for the neckline to break and then short a retrace (40% or more of the move up...
NQ1! - Plenty of opportunity to capture points up and down. However, if your bias is to the upside, here is how it may end up playing out. In my opinion, what will be a last leg up before new LO's. Yellow lines are areas of targets for resistance and support (as high as 6870). We may have already seen the support (6245) for higher moves put in on Friday,...
Possible symmetry in markets developing as part of a broader, yet-to-be confirmed head and shoulders pattern. Look for initial leg up before turning sharply around to form a second right shoulder.
It's late so I'm throwing this up quickly before market open. I'll update it later. My last chart worked out perfectly, we bounced off of a 0.5 retracement from 3.9k in early febuary 2016. I think we have at least 1-2 more days of upside on NASDAQ. My zones are defined on the chart. We bounced exactly on my teal support zone as predicted in my last Nasdaq chart,...
The pool of greater fools in stocks, bonds, and housing ran out.
will take profit on any ITM situation in the near term $QQQ $TECS $QQQ
This is how this option position is playing out so far. Sticking with the trend $QQQ $TECS
Current Price at Posting: 2610.75 Directional Bias: Long Price Target: 2680 Good Entry: 2550-2558 Risk/Reward: Max of 10 point risk / Potential Reward of 130 points. Trade Idea Invalidation: Hourly Candle close below 2550
and a nice gap down there to fill on the way to 120 $QQQ $IWM $XLK $TECS $SPY