Faceplace is really getting it in this bear market. After looking like it might finally rebound, we are seeing a clear indication of a bearish consolidation pattern which can be used to initiate short positions and limit risk. Even though this looks golden, I do not pretend to know what is going to happen, so I always cut losses when positions move against me.
-Welcome to Monday October 3rd The Q3 close last Friday showed a complete route in the general markets as the quarterly close saw the DOW, NQ, and SP down 16%, 17%, and 20% from their summer rally highs. The Dollar Currency Index is still fully parabolic from it’s double bottom from May 2021. The collapsing value of the Swiss Bank Credit Suisse has brought to...
In this update we review the recent price action in the Nasdaq futures contract and identify the next high probability trading opportunity and price objectives to target
SPX 500 - It's hard to say what's going to happen today after open. There are some signs of a bull trap but also some signs that a continued rally for Friday and into next week will commence. I can't really tell, so I give evidence for both. Good luck
#NQ #Nasdaq #NDX H4 - range M15 - reversal Looking for buys vs the top of the range as long as the bottom holds.
Bottom in? Or is there more downside? Post your comments here. Let's discuss.
Who’s In The Nasdaq And What Are They Doing? My plan for this week is: Start from the Monthly since we’ll be in May (by the way, Happy new month) wait for that new candle to pop and see how it opened. Then head over to the weekly. On the weekly, we are currently bearish with the market below previous Lower-lows. But I mean, Anything is possible (Plus we’re news...
Nasdaq100 bulls were really every-where in this down-trend yesterday. I wonder-ed why. Until the news popped and I saw that the fundamentals turned out positive. However, They left signs: Bullish divergences on both the 4-hour and daily. The market started creating Higher-lows. Listen after yesterday, I realized that: you never really know anything. The market...
Nasdaq100 bulls came in but for what? The daily 23% at 13573 just go smashed this morning and the bulls are likely to go for the weekly 23% at 13650. Hmm! thinking about it, Just maybe they are back. Anyway, don't care about that. The 4-hour looks different though because it's on there I'll be looking for my rejections. If the daily 23% gets rejected and fails to...
"This week, the trading plan still remains the same. Little tweak though. Firstly, know the over-all direction. For this one—my best bet is downwards. honestly, the weekly looks more confused as ever. There’s a possibility that we might get a higher-low but until that’s established, I’ll be taking my sells. Secondly, Marking major HHs/HLs and LHs/LLs. Looking to...
Nasdaq100 bears jumped right in after the negative outcome of yesterday news as well as, fed minute release. The Bears seem to have destroyed every plan of the bulls including the "inverse head and shoulder" Now more than ever, all signs and hands are pointing towards the direction of the bears. Hmm, Next stop for them might just be the weekly 0% fib level at...
In this video, I marked my levels. A summary is, the market has given us valid structures at 14200 and 14,000. As long as the market trades below 14,200.. We're looking to take sells but---as soon as it's past past there; Buys! Similarly, if the nasdaq100 trades above 14,000 without breaking, we can expect the bulls but if below 14,000---more sells. Hope this...
It's 19th of April, 2022. We're currently in the 12th episode of this. Here's the vibe: Nasdaq100 weekly is starting to look bullish and honestly, not going to lie---that's really weird. Because, there're two sides to this coin. 1. Dt with a BRS formation. 2. DT with a MSS formation. So, in this video, I marked the candle to look out for and showed on different...
Hwey Traders, Good-morning so the Nasdaq100 bulls have been trying their hardest to get back into this market. With the VXN down, That isn't so hard now. Anyway, I'm looking at the recent supply zone (previous LH at 14300) waiting for a Higher-high if gotten, then I'll consider sells. If not, then I'll go short. What's your plan for Nasdaq100? By the way, In...
Hey chat, So the bulls came out of hiding during the CORE CPI which had a low reading by the way. I actually thought that was weird till the bears returned. Anyway, do you see that we finally got a gap fill in VXN. What are the freaking odds right? The fib levels have been pretty useful lately. The 50 and 38% daily fib have all been hit. However, we got a bounce...
Hey chat, so the Nasdaq100 is currently still bearish as the bears are still pushing. The weekly 23% and Daily 50% got smashed today which are 14044 and 14146 respectively. Now, the bears are looking at the weekly 0% and daily 38% which are: 13319 and 13894 respectively. The bulls coming back might really be a huge surprise. However, for now, I don't see any sign...
Who’s In The Nasdaq And What Are They Doing? Last week, the Nasdaq100 fell. In the previous episodes I said, “I’ll be looking to short the Nasdaq100 if the 15,000 remains a resistance. Shorting it to next support level at 14,680. However, if that 15,000 turns support, I’ll be looking to buy the return of the bulls—at least back to 15,200. What do you think?”.....
Alright traders, first of, what is Nasdaq doing? These bulls are bears are at it again and I can't help but wonder what they plan on doing. The bulls have gotten to 14322 which was an initial higher-low plan but it's looking like there's a problem. Accumulation phase with bears looking stronger. Daily showing signs of an inverse head and shoulder.. Just got a...