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SPX 120

Posted by steve on 5th of May 2024 at 01:52 pm

$SPX - Chart Link - bulls recapturing 5180 (either direct of after a pullback would be construcitve) 

GCT Updated View

Posted by steve on 5th of May 2024 at 01:12 pm

GCT - Chart Link - redrew coil after a quick dip trade - this could be a big mover so one to monitor

Congrats Eddie

who do you like in the Derby tomorrow-

Posted by steve on 4th of May 2024 at 10:01 am

Congrats Eddie

ADBE Updated

Posted by steve on 3rd of May 2024 at 03:40 pm

ADBE - Chart Link - finally has a pulse

TSM Updated

Posted by steve on 3rd of May 2024 at 03:37 pm

ES has now met higher

Posted by steve on 3rd of May 2024 at 03:00 pm

ES has now met higher time frame Supply and VIX is into Weekly Demand (can draw a falling wedge).   This alone does not negate price going directly higher but more often, you will see a pause/pullback (notice how price has stalled all day after reaching that zone)

Wow that's impressive

Yes Morton let us know (if he hasn't had too many mint juleps) 

ES 5161/67 next target (corrected typo on that pocket)

ROOT

Posted by steve on 3rd of May 2024 at 01:53 pm

Up- ROOTed 

XBI Updated View

Posted by steve on 3rd of May 2024 at 01:27 pm

XBI - Chart Link - kudos to Trendie - 50 day MA first target 

Symmetry is a guide (not a RULE) and we already made a lower high and then a higher low - trade off support and resistance especially when dealing with leveraged instruments - those demand zones on SPX and QQQ were objective areas with stops below secondary lows.   Turned out to be Money

I suggested a lower risk entry at those DEMAND ZONES  holding above secondary lows to attack those highs - which unfolded on the back of AAPL and Monthly payrolls.

Layed it out the past few days - as long as the secondary low held for SPX and QQQ  market structure says run the recent highs which is what transpired.  Review all posts. 

Weak PMI and Higher Prices on the ISM Non-Mfg - thus a quick pull

USA ISM Non-Manufacturing Prices For

Posted by steve on 3rd of May 2024 at 10:01 am

USA ISM Non-Manufacturing Prices For April 59.2 Vs 55.0 Est.; 53.4 Prior

USA ISM Non-Manufacturing PMI For April 49.4 Vs 52.0 Est.; 51.4 Prior

Held secondary levels  and attacked

SPX 120

Posted by steve on 3rd of May 2024 at 08:53 am

Held secondary levels  and attacked those highs 

10 Y Yields and USD

Posted by steve on 3rd of May 2024 at 08:34 am

10 Y Yields and USD spike down 

VIX smash 

VIX 120

Posted by steve on 3rd of May 2024 at 08:31 am

VIX smash 

Nonfarm Payrolls (Apr) +175K vs

Posted by steve on 3rd of May 2024 at 08:30 am

Nonfarm Payrolls (Apr) +175K vs +238K Est.

USA Average Hourly Earnings (MoM) For April 0.2% Vs 0.3% Est; 0.3% Prior

USA Unemployment Rate For April 3.9% Vs 3.8% Est.; 3.8% Prior

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