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.
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.
$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.
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
The community is delayed by three days for non registered users.
SPX 120 Triangle Updated
Posted by steve on 24th of Mar 2024 at 01:29 pm
$SPX - Chart Link
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.
Government Debt
Posted by steve on 23rd of Mar 2024 at 08:57 am
https://dailyhodl.com/2024/03/22/167911000000-added-to-us-national-debt-in-20-days-as-citadel-ceo-ken-griffin-warns-government-spending-at-borderline-insanity/
dailyhodl.com
$167,911,000,000 Added To US National Debt in 20 Days As Citadel CEO Warns Government Spending at 'Borderline Insanity' - The Daily Hodl
The chief executive of a hedge fund managing over $60 billion in assets says more Americans should be alarmed about the country's ballooning debt.
Here comes the rain -
out of supply on Q with a backtest even -nice ...
Posted by steve on 22nd of Mar 2024 at 03:12 pm
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
out of supply on Q with a backtest even -nice ...
Posted by steve on 22nd of Mar 2024 at 03:04 pm
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
MNMD - Chart Link -
Yes it's still working higher
MNMD - Steve, this mind trippy one you were posting ...
Posted by steve on 22nd of Mar 2024 at 12:04 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
NVDA - Chart Link
LUNR still pushing
LUNR may be one to monitor as it took good ...
Posted by steve on 22nd of Mar 2024 at 11:34 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
LUNR may be one to monitor as it took good ...
Posted by steve on 22nd of Mar 2024 at 10:33 am
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
LUNR may be one to monitor as it took good ...
Posted by steve on 22nd of Mar 2024 at 09:33 am
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