CME_MINI:NQU2023 - PR High: 15715.50 - PR Low: 15697.50 - NZ Spread: 40.0 NO SIGNIFICANT EVENTS Breaking back into balance zone from Dec 2021 - Balance zone for NQ ATH, 15690.25 ~> 16656.50 - Opened Friday session holding NZ range - Inside prev session high leading into London hours Evening Stats (As of 12:35 AM) - Weekend Gap: N/A - Session Open ATR:...
Advanced Micro Devices rallied in May and early June. A pullback followed, and now trend followers may return to the name. The first pattern on today’s chart is the drop toward $107 in late June. That represented a 50 percent retracement of the initial thrust. Holding that zone could validate the direction of the move. Second is the tight consolidation pattern...
CME_MINI:NQU2023 - PR High: 15485.50 - PR Low: 15455.75 - NZ Spread: 66.75 Margins raised again ahead of PPI 08:30 – Initial Jobless Claims - PPI Daily range broken, making new year high - Supply response over prev session high - Ranging in prev session high into London hours - PR+1 broken with retrace for inventory Evening Stats (As of 12:15 AM) - Weekend...
CME_MINI:NQU2023 - PR High: 15274.25 - PR Low: 15253.25 - NZ Spread: 46.75 AMP raised margin req ahead of CPI 08:30 – CPI 10:30 – Crude Oil Inventories Mechanical inventory response off daily 20 Keltner Avg - Prev session maintained non-directional volatile PA - Slight break over PR+1 leading into London hours Evening Stats (As of 12:15 AM) - Weekend Gap:...
As shown on the 1H chart, GOEV printed a head and shoulder pattern June 16 to 19 and then trended down consistent with that pattern. The trend was supported by the 2nd VWAP line under the mean in a VWAP anchored at the beginning of the descent. H & S. The volume volume profile shows that trading volume is distributed widely across a big range of...
LI has seen a 60% price rise since significantly beating the earnings estimates of the analysts. LI competes with TSLA and NIO primarily in Chinese and perhaps a little in Scandinavia. It does not import to North America. The 2H chart shows price rising consistently in a channel between the first and second standard deviation lines above the mean anchored VWAP...
As shown on the daily chart DKNG has been on a clean rise this entire year now up 100% over the first six months. An earnings report is due in about three weeks. Sports betting may have some seasonability and most of all collegiate and professional sports are in the off season at this time. No matter, the chart shows a steady rise since the last earnings (...
COIN popped today with vigor as traders seem to recognize the resurgence of crypto. On the chart, the pop has adequate volatility and high relative volume. The RSI indicator shows RSI crossed over 50 the prior day and is now nearly at 100. The question arises, can COIN continue or will it consolidate or reverse? Please comment with your opinion.
CME_MINI:NQU2023 - PR High: 15198.00 - PR Low: 15179.50 - NZ Spread: 41.5 12:00 – EIA Short-Term Energy Outlook Evening Stats (As of 12:35 AM) - Weekend Gap: N/A - Session Open ATR: 209.77 - Volume: 17K - Open Int: 252K - Trend Grade: Neutral - From ATH: -9.5% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 15533 - Mid: 15247 - Short:...
CME_MINI:NQU2023 - PR High: 15207.00 - PR Low: 15151.75 - NZ Spread: 123.75 Huge NZ spread - volatile session open Finding inventory above PR-1 before bear zone break - mechanical dip to PR-2 Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Session Open ATR: 217.79 - Volume: 38K - Open Int: 247K - Trend Grade: Neutral - From ATH: -9.8% (Rounded) Key...
LUV has been in a persistent trend up for a couple of months after lackluster earnings were reported in early May with another due on July 27th. The airports have been quite busy with vacation travel and Southwest has been part of that action. On the 1H chart, price has been supported by the line two standard deviations above the mean anchored VWAP which...
UAL has been in a persistent trend up for a couple of months after great earnings were reported in early May with another due on July 19th. The airports have been quite busy with vacation travel and UAL has been part of that action. On the 1H chart, price has been supported by the mean VWAP and has oscillated to the one standard deviation line above that. I...
I see a perfect bullish convergence of 3 technical indicators. The technical outlooks is supported by a current fundamental sentiment and the fact that the pair is trading in a long-term bullish trend. I assume that the pair will keep growing. Target level - 2.0866 Please, support my work with like!
so far everything went well for buyers but slowly coming to a point, where we may see possible short trade. Sell has tested the double distribution poor value are and got slammed by buyers. Buy tried to push to upper VAH of double distribution area but there was capitulation during Friday. So following scenarios: 1. no SELL 4438 is going up to 4487. because...
NFP data is very bearish for the Greenback and all USDxxx related instruments. The price formed a high momentum bearish candle on a daily on Friday. Bears will most likely keep dominating on the market. Target level - 0.8845 Please, support this post with like!
NKLA has had an interesting week as it sought to have shareholders vote for a dilution to raise the cash necessary to grow its business. The former CEO now convicted and awaiting sentencing as a major shareholder led the opposition and the vote for a dilution failed. Seemingly, NKLA will now seek capital through some other means. Earlier, it was awarded a...
CME_MINI:NQU2023 - PR High: 15211.50 - PR Low: 15211.50 - NZ Spread: 38.75 Big open interest jump Discount brokers adjust margin req.: 08:30 – Average Hourly Earnings - Nonfarm Payrolls - Unemployment Rate 50% intraday retracement off RTH inventory - Holding daily range, half-back Evening Stats (As of 1:35 AM) - Weekend Gap: +0.09% (closed) - Session Open...
On the 30 minute chart, MULN has pulled back from a brief uptrend. I see things suitable for an entry. I have added to the chart, the anchored VWAP lines serving as dynamic support and resistance. The mean VWAP will be my designated stop loss while lines one and two standard deviations above that are the first and second targets. Overall, the long...