Open gap on ES1!, we knew it had to go lower. Thought the catalyst would be PCE friday but Meta earnings did it. I think they dont even look at earnings numbers, they just use the event and hit sell. NQ! .78 fib rejection is a clear reversal signal imo. Expecting at least the .618.
Based on this Gann chart which is quite telling of pivots we could see more downside than we have seen so far. Contradicts my MNQ chart and another NQ chart I posted but this is HTF and could signal more capitulation if there is no peace in the middle east.
Gann says we're at a key horizontal level here. From the looks of it we could be dealing with a magnet - bears exhausted, bulls exhausted - I figure any excuse to push up or pull down around this pivot will play out. Earnings and economic catalysts likely to give us direction for the time being. Look to May 22nd for the next vertical pivot - we will get a clear...
Believe we will end the week bullish as long as we hold this low from the open. We should retest the upper line within 3-5 days max. Cut on a 2h close below low presented here.
Similar to ES, NQ witnessed a massive sell off; close to 1000 handles meaning that if you had 1 contract running from last Thursday’s high and closed out at the bullish daily order block @ 1789.75, you would have booked close to $20,000. Many professional traders are trading with 5, 10, 15 contracts and yes, although taking profits is very important, I am sharing...
This week, DXY TVC:DXY (US Dollar Index) may see accumulation as investors monitor economic data for signs of inflation and Federal Reserve's stance. NQ CME_MINI:NQ1! (Nasdaq 100 Index) might fluctuate amid tech earnings and global uncertainties like geopolitical tensions and inflation fears. I will closely watch these indices for market cues in coming week.
Price is reaction to a daily zone. Now I think, market will go for higher prices
Good Evening and I hope you are well. overall market comment Bulls got excited again and calling for new all time highs after a 3 week selloff. Well today was the expected disappointment for the bulls, after euphoric bears got disappointed last week. That’s what markets do after wild moves. No one knows where it’s going and market is looking for the fair...
Had another great day trading Support and Resistance precision with Volume profile. I swear Volume Profile is like a cheat code for the markets. I want every trader to start learning and practicing this method!
I'm looking at price action from ATH as having completed an impulse wave down to 17181.75, with an expanded flat corrective wave (area in orange ellipse), likely to complete today. Wave C (bulls, green) or wave 3 (bears, red) should be another impulse wave down below low of 17113.25.
Spreader's delight. the Long NQ, Short ES spread continues to work in favor of the tech bulls.
CME_MINI:NQM2024 - PR High: 17698.50 - PR Low: 17664.00 - NZ Spread: 77.0 Key economic calendar events 08:30 | Durable Goods Orders 10:30 | Crude Oil Inventories Daily gap up print of ~65 points, 0.35% from prev close - Climbing above prev session high - Inside lows of 4/17 range Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open <...
Idea from FVG on M5 to Relative Equal Highs Price reached order block on weekly. We may see some measure of retracement.
Here are my levels after a few weeks off. Bullish trend was broken with the drop below the upward trendline. Now trading below key emas. Green box represents important support as price pulls back to key fibs and the 200 sma. Watch for outsized move in either direction due to option volatility. Bounce back into the ema cloud or break of support are equally...
CME_MINI:NQ1! "Never let the fear of striking out get in your way." - Babe Ruth I'm truly interested in going long on this asset... Being that Sellers dropped the Market off a Cliff... When the market opened up on Sunday April 14th, 2024 last week Sellers held the stronger hand and dropped the market off a cliff... Pushing price all the way down into an...
today we seem to go higher. . all blue lines mark key swings. trade around them.
Playing this off the bearish order flow with a retrace back to previous day prices of interest. Target is below previous low's. Expecting NQ to melt.