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Could be a possible M

Posted by johnny2012 on 28th of Sep 2022 at 06:51 am

Could be a possible M top on NQ futures from that pop off the bottom. Asia and Europe still in the red for the day.  This is a 1 min chart guys. But this moves 100 points quick. 

BOE news. pauses bond sales

Big good morning pop in ES

Posted by johnny2012 on 28th of Sep 2022 at 06:31 am

BOE news. pauses bond sales and launches purchase program. 

Guess thats what just took

Posted by johnny2012 on 27th of Sep 2022 at 09:44 pm

Guess thats what just took the NQ down last 30 min

Geez.  That's a load of

Posted by johnny2012 on 27th of Sep 2022 at 04:05 pm

Geez.  That's a load of market movers. 

Bear flag?

SPX Short Term Mapping

Posted by johnny2012 on 27th of Sep 2022 at 02:31 pm

Bear flag?

If this is a bear

Posted by johnny2012 on 27th of Sep 2022 at 12:23 pm

If this is a bear flag playing out on NQ 60 min. May measure downt to 11050 area.. Anyone else have thoughts? Matt,Steve kobie??

ES now testing second support

Posted by johnny2012 on 27th of Sep 2022 at 12:20 pm

ES now testing second support at 3639.

Yes but they did warn

The systems trades are taking heat

Posted by johnny2012 on 27th of Sep 2022 at 12:18 pm

Yes but they did warn of that.. good thing is if we get some 3rd entries today those are almost always money.

ES breaking first support.. 20

Posted by johnny2012 on 27th of Sep 2022 at 12:11 pm

ES breaking first support.. 20 points down to second support at 3639..

ES right at that first

Posted by johnny2012 on 27th of Sep 2022 at 12:03 pm

ES right at that first support level 3660

Test June lows today?

Posted by johnny2012 on 27th of Sep 2022 at 12:00 pm

Test June lows today?

And general market gains continue to slip....

Es took out Friday’s lows little while ago. 

Amazing how both setups are valid. The drop stopped right at the bottom of the wedge, little pinnochio below and small bounce.   Head and shoulder could take us even lower couple hundred which does seem very possible in this backdrop. Gotta stay on your toes for sure lately. 

Yep, hence the stop. 

Update: tagging the bottom of the wedge now. Definitely use a tight stop. 

Possible wedge on 5 and

Posted by johnny2012 on 15th of Sep 2022 at 04:33 pm

Possible wedge on 5 and 15 min nq futures. 

Great job man. Any downside targets?

Trailing stop....engaged. Lol

Posted by johnny2012 on 14th of Sep 2022 at 08:16 am

Trailing stop....engaged. Lol

I take it PPI tomorrow

Posted by johnny2012 on 13th of Sep 2022 at 03:30 pm

I take it PPI tomorrow will be throwing gas on this dumpster fire today?

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