dratzlogic

dratzlogic Updated 

This model excludes Tuesday data from 7.5 as it preceded FOMC minute publication and occurred after a 3 day holiday weekend. Look to take advantage of early morning market, with possible pump followed by a drop. Try to exit before 11:15 where historical chops occur. Best to re-enter market after 2:45. Patterns are lagging. The pattern can hold true whether...

dratzlogic Updated 

Model is marked with swing points. I have also added a VWAP model with 4 standard deviation bands versus the price action. Notes on the model show how price returns to neutral throughout the day. Note that we have had two Monday holidays recently - Juneteenth and July 4th holiday. So the most recent data we have for this pattern is 6/27. Be wary on Monday,...

dratzlogic Updated 

Historically, Fridays are a ranging market. This pattern is very different from the Holiday Weekend Friday pattern we had on July 1st - that is stored as a special holiday pattern. I look for tomorrow to resume a RANGED structure. Looks like there could be a big move in the morning (either up or down) and then reversal with somewhat flat movement into the close. ...

dratzlogic Updated 

I have posted last week's original model, and the actual data from 6.30 that was averaged into the model for Thursday 7.7. Look for a rise until 11:50 AM with a drop until 12:15, followed by a gradual slow rise to end of day. No time tonight to draw pretty lines for you all. Hope this helps everyone. Again--patterns shift over time, so always follow price action.

dratzlogic

I have updated the FOMC Minutes Model with today's actual data, and posted the charts for comparison. When looking at the actual data from today, you can see that the overall pattern held up quite well. It's not a perfect match, but it was never intended to be. We are looking for overall patterns and swing points. The pattern actually informed some key swing...

dratzlogic Updated 

This is a pattern analyzing Wednesdays where FOMC minutes are released using TQQQ. Assumptions and Overview: 1) History predicts future 2) Note two chop zones, but by far the more severe one is at 1250 to 115 3) 1150 AM is high point 4) Note that when minutes are released there is spike in volume, and two contradicting volatile candles. 5) The price action...

dratzlogic Updated 

This is an updated Tuesday Holiday Model (for Tuesdays following a three day weekend). This model averages in the most recent holiday data from Juneteenth (recognized June 20). The drops tend to fall at the exact algo sell zones - 10:30 AM, but the end of day drop tends to come earlier at 3:10. Note that the chop zones on Tuesdays are typically very flat, and...

dratzlogic Updated 

This model averages the last 6 Fridays that fell on long weekend, including July 2nd of 2021. The first four holidays are a SMA, and the last two holidays using a moving weighted average. Last holiday averaged in is Memorial Day Weekend 2022.

dratzlogic

If you are a short term scalper, then chop zones can be your bane and take all your profits. Using the Momentum Indicator, you can identify the propensity for chop zones early by adding some trend lines. The Momentum indicator starts with the assumption that as the chart line moves towards zero, the more choppy and less momentum the market is moving. However,...

dratzlogic

Updated Thursday model for TQQQ for this Thursday. Again, actual data can vary widely from the model. Look at swing points and chop zones. Patterns built using TradingView exported 5 minute chart data in Excel.

dratzlogic Updated 

The Revised Model for Wednesday is posted. This model averages the data from the Actual Data in with the Original Model at 15% weight. This way, you can see what the old "original model" was, and compare it to the newly revised model. The day's swing low is 12:40PM in the model. And the morning high comes in early at 9:55 AM. Historically, Wednesdays are...

dratzlogic

Intraday pattern for Tuesday 6.28 I'm not trusting this pattern! It's very flat, and Tuesday could be volatile. We will have to wait and see. Swing points are noted--and most of the big moves are in the morning before 10:30 AM. Again, this is a moving average of the intra-day patterns. It's more of an interest of note, and to check if market is aligning...

dratzlogic

This is a moving weighted average of Monday Intra-day patterns. As such, it is lagging, and cannot be used to time the market. Historically, there is a high at 9:45 with a decline at 12:10 and a second low at 1:00, with a slow rise. Volatility shows times with low movement, and high potential to chop your profits. Even if the pattern doesn't hold true,...

dratzlogic Updated 

Assumptions: For 6.24.22 1) 52 weeks SMA 2) Remove all Fridays preceding holiday/3 day weekends 3) Weighted Moving average for last three weeks of June, and continue WMA moving forward 4) Weights: 52 weeks SMA (.55) June week 1 (.1) June week 2 (.15) June week 3 (.2) 5) Moving forward, 10% WMA on each new week. 6) Chop Zones in red show times with low...

dratzlogic

Assumptions: This is a moving average of a Tuesday Pattern that follows a Holiday Weekend where the market is closed on Monday. This provides a potential map for 6/21/22. Data is a simple weighted average in Excel. Holidays present and Weights: Indep Day 21- 10%, Labor Day 21 - 15%, MLK 22 - 20%, Wash Bday 22 - 25%, Mem Day 22 - 30%. Volatility is...

dratzlogic

The chart shows there is still room for a 15% drop in TQQQ (about a -5% move on the QQQ's). Either prices this move tomorrow before the FOMC, or I think we might see the drop after the interest rates are raised. Target is 20.49 The market is trending up overnight, so if it is retracing to the next Fib level, look for a potential reverse.

dratzlogic

* I have drawn 4 hour, daily, and weekly support/resistance lines based around highs and lows. *Pitchfork shows current morning market within the fib areas. *Overnight Lows are on a slow uptrend. I look for a bullish day today, but with some low taps on overnight support. Could be a bit choppy, but hopefully a green day!

dratzlogic

This is my daily analysis of support and resistance based on daily highs/low trends, and overnight highs and lows, and daily double bottoms. I look for the day to bounce around any of these line, and then look for a breakout. If I have a positive movement towards one of the resistance lines confirmed with ADX, SAR, and RSI then I will buy and sell at point of...