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SPX 120 Triangle Updated

Posted by steve on 24th of Mar 2024 at 01:29 pm

ES Triangle Updated View  Formed a

Posted by steve on 24th of Mar 2024 at 01:17 pm

ES Triangle Updated View 

Formed a triangle pattern over a couple of weeks and then broke to the upside following the FOMC announcement.    The larger range is now 5250 (breakout level) and 5320s (topside).  Currently, ES is attempting to flag but must hold around here (around 5270/80) to move up direct.  If lost,  expect a backtest of the 5250 breakout area. 

Here comes the rain - trail down those stops now on QQQ - still fits within the parameters of wave 4 type choppy action 

Yes as expected QQQ rejected there upon initial test but also be mindful of a possible a-b-c move up to retest so trail down if playing short term fade.   Overall, though it was a good area or resistance as you can see.

VIX lod

Posted by steve on 22nd of Mar 2024 at 01:51 pm

VIX lod

SPX 120

Posted by steve on 22nd of Mar 2024 at 12:44 pm

$SPX - Chart Link - same comments below regarding QQQ apply to SPX with supply zone overhead.  If bulls fail to take out that zone on a bounce/rally attempt then expect another leg down.

QQQ 30 From Last Night

Posted by steve on 22nd of Mar 2024 at 12:42 pm

QQQ - Chart Link - I added the red box to notate supply zone 

QQQ formed overhead supply (447.2-449)

Posted by steve on 22nd of Mar 2024 at 12:40 pm

QQQ formed overhead supply (447.2-449) so a failure to take out the highs on a bounce suggests another leg down 

Could well be - we

MNMD Updated View

Posted by steve on 22nd of Mar 2024 at 12:26 pm

Could well be - we are in a few dollars lower so no worries - just trailing up and have booked some nice profits a few times prior versus chasing breakouts 

MNMD Updated View

Posted by steve on 22nd of Mar 2024 at 12:05 pm

Yes it's still working higher from the 2 prior entries 

NVDA 15

Posted by steve on 22nd of Mar 2024 at 11:59 am

LUNR  still pushing 

Yes CGC leading the group

Weed ripping again...

Posted by steve on 22nd of Mar 2024 at 10:35 am

Yes CGC leading the group

LUNR whippy but back at HOD if anyone playing 

VIX muted thus far =

Posted by steve on 22nd of Mar 2024 at 10:02 am

VIX muted thus far = monitor

Sold some on the pop - tight stop and likely stopped out on balance.  Gyrating around so will play intraday triggers 

ES Levels updated 

3/27 ES Levels June Contract  (ESM24) 

Posted by steve on 22nd of Mar 2024 at 09:25 am

ES Levels updated 

Our condolences - may he

I'll be leaving about 8:15

Posted by steve on 22nd of Mar 2024 at 09:23 am

Our condolences - may he RIP

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