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)
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.
The community is delayed by three days for non registered users.
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
TSM - Chart Link
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
who do you like in the Derby tomorrow-
Posted by steve on 3rd of May 2024 at 02:37 pm
Wow that's impressive
Yes Morton let us know
who do you like in the Derby tomorrow-
Posted by steve on 3rd of May 2024 at 02:25 pm
Yes Morton let us know (if he hasn't had too many mint juleps)
ES 5161/67 next target (corrected
5/14 ES Levels June Contract (ESM24)
Posted by steve on 3rd of May 2024 at 02:17 pm
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
I need some help interpreting these perhaps conflicting charts. What ...
Posted by steve on 3rd of May 2024 at 12:31 pm
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
I need some help interpreting these perhaps conflicting charts. What ...
Posted by steve on 3rd of May 2024 at 12:27 pm
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
I need some help interpreting these perhaps conflicting charts. What ...
Posted by steve on 3rd of May 2024 at 11:24 am
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
USA ISM Non-Manufacturing Prices For April 59.2 Vs 55.0 Est.; ...
Posted by steve on 3rd of May 2024 at 10:06 am
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
Here's how things look heading
Posted by steve on 3rd of May 2024 at 08:29 am
Here's how things look heading into this morning's jobs report per
consensus: High estimate +280k Low estimate +145k Average +234.3k Whisper number (chart) +243.5k