Hi guys, so yesterday's dip was bought well but it did not last - good if you have the habit of taking some profit by closing partially and stop-losses at entry to avoid any losses. At this current stage, there seem to be a growing sentiment for a correction so maybe there will be a new dip to buy soon (today?) especially if the price breaks this current...
For 2/18 #nq_f * Y'day balance 13709 * ON balance 13632 * Weekly balance 13677 * Control 13482-505 * Longs above 13636 target 13715 then 13805-13875 * Shorts below 13636 target 13509 then 13450-13380 *
$Nq bounce idea, needs to hold low, w volume
Contract - CME_MINI:MNQH2021 - High - 13709.75 - Low - 13681.25 Evening Stats - Gap: = N/A - Session Open ATR: 222.73 - Volume: 50k - Open Int: 228k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 14150 - Short: 12500 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions...
NASDAQ now rising tightly within this upward channel
ES did pretty much what I expected (whipsaw) but boy did NQ and RTY tank more than I expected. Could've shorted the attempted gap fill. Oh well, made money today either way. Definitely expecting a bounce now, but still staying cash. Just not bullish at all on this market.
Market is weaker than I expected, looks like RSI wants to go oversold. I told one of my followers yesterday that it would more than likely hit the next blue line and it did so I flipped all my puts on open. For my new followers, my motto is "take the easy money". Even had a boss nickname me "Easy Money", lol. AAPL appears to be dragging the market down, it...
Tech oversold in uptrend, good spot to get long for higher highs over coming weeks
Potential measured move retracement on NQ. If price holds above 13580, will look for a bounce back towards the daily open or better.
It so happens I post about Nasdaq every time there is a dip to buy. It's almost the same feeling every time; like hanging from the tail of a Dragon that is destined to fly. Fundamentally , Nasdaq is the one asset I like to buy In the previous weeks and again now, it is moving up in a rather exciting way, with it's bigger ups and downs and moving all...
For 2/17 #nq_f * Y'day balance 13820 * ON balance 13850 * Weekly balance 13846 * Control 13860-910 * Longs above 13875 target 13952 then 13996-14075 * Shorts below 13875 target 13805 then 13715-13636 *
looking at the market today looking at today sesion 13686 ! might be also a entry point for a short
Contract - CME_MINI:MNQH2021 - High - 13766.00 - Low - 13725.50 Evening Stats - Gap: = N/A - Session Open ATR: 219.13 - Volume: 28k - Open Int: 241k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 14150 - Short: 12500 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions...
4-hour micro-NQ futures contract Bearish Deep Crab on the daily. Bearish Crab on the hourly. Rising Wedge on the hourly. All fall on top of the 161.8% Fib ext. Short between 13879 and 13700. 1st Profit Target @ 12462.8 2nd Profit Target @ 11779.4
Clear as day here, am heavily long volatility.