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.
$SPX - Chart Link - Bulls are still
holding the secondary high 4990 - unless broken they should attack
yesterday's high. AAPL and NFP will be determinant
The community is delayed by three days for non registered users.
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
VIX 120
Posted by steve on 3rd of May 2024 at 08:21 am
$VIX - Chart Link - shows remaining gap below
Nicely done
Follow up on my US vs China trade
Posted by steve on 2nd of May 2024 at 02:02 pm
Nicely done
QQQ
Posted by steve on 2nd of May 2024 at 01:58 pm
QQQ - Chart Link - same theme here with the secondary high just above 418
SPX 120
Posted by steve on 2nd of May 2024 at 01:55 pm
$SPX - Chart Link - Bulls are still holding the secondary high 4990 - unless broken they should attack yesterday's high. AAPL and NFP will be determinant
Quick Note: Our Water Heater
Posted by steve on 2nd of May 2024 at 10:52 am
Quick Note: Our Water Heater busted overnight so slightly distracted here today. Wild gyrations so remain prudent - levels and triggers
US INITIAL JOBLESS CLAIMS ACTUAL
Posted by steve on 2nd of May 2024 at 08:33 am
US INITIAL JOBLESS CLAIMS ACTUAL 208K (FORECAST 211K, PREVIOUS 207K
Held support and +35
5/15 ES Levels June Contract (ESM24)
Posted by steve on 2nd of May 2024 at 08:21 am
Held support and +35
SPX and QQQ decent bounce
Posted by steve on 2nd of May 2024 at 08:02 am
SPX and QQQ decent bounce once again from demand overnight
It was released this morning
Does anyone know what time tomorrow the QRA data will ...
Posted by steve on 1st of May 2024 at 09:51 pm
It was released this morning - see earlier posts in early am
Have a nice evening all
Posted by steve on 1st of May 2024 at 06:26 pm
Have a nice evening all - away from the Desk with Family tonight