Posted by skitexas67 on 22nd of May 2025 at 07:31 am
Good Morning Steve! Thanks for the newsletter last night.
specifically the your comments on the VIX and why SPX index
traders like myself need to pay attention to the VIX smaller
time frames for clues. On the May 20Th newsletter, NVDA, QCOM
and TXN seemed to be valid set-ups for possible LONG trades.
It seems that those three held support. Are they still
valid in your view provided the other market fundamentals hold up?
Thanks again for your insights.
Semis provided some upside yesterday but faded when QQQ poked
highs and reversed - prefer to let things settle here with NQ
demand zone below current levels as a potential spot of interest.
One must realize that we have seen a large bounce off the
lows already and look for lower risk entries allowing for tighter
stops unless scalping. The setups remain valid in accordance
with your time frame and risk management.
NQ has an expanding triangle look if you draw in such trendlines
(not shown here)
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Good Morning Steve! Thanks for
Posted by skitexas67 on 22nd of May 2025 at 07:31 am
Good Morning Steve! Thanks for the newsletter last night. specifically the your comments on the VIX and why SPX index traders like myself need to pay attention to the VIX smaller time frames for clues. On the May 20Th newsletter, NVDA, QCOM and TXN seemed to be valid set-ups for possible LONG trades. It seems that those three held support. Are they still valid in your view provided the other market fundamentals hold up? Thanks again for your insights.
Semis provided some upside yesterday
Posted by steve on 22nd of May 2025 at 07:55 am
Semis provided some upside yesterday but faded when QQQ poked highs and reversed - prefer to let things settle here with NQ demand zone below current levels as a potential spot of interest. One must realize that we have seen a large bounce off the lows already and look for lower risk entries allowing for tighter stops unless scalping. The setups remain valid in accordance with your time frame and risk management.
NQ has an expanding triangle look if you draw in such trendlines (not shown here)