NQ stalled at weekly R2, on the nose.
Not by a long shot. 2227 is the gap. so far, we have huge support at 2235/2237. Obviously, if they buy ES 1218.75, the gaps will stay open, but...
How hard can it be? You buy the market in an uptrend and sell it in a downtrend. Why are you making life so difficult? Do you want to make money,...
If NQ cannot get back up to 2255 quickly, we could close the morning gaps all around.
It's funny, I remember how traders who stayed short after 2002 kept on railing at Bush and how the whole rally was fake, blah, blah, blah. It's a...
The market is forward looking. So you want to buy a market when everything is fine? You would be buying a top.
You believe that nonsense? In any case,you should leave her out of trading discussions (or any intelligent discussion for that matter).
What do you think that huge correction in August was? The markets are forward thinking and priced in the bad news, and now they are looking for...
I'm not in the crash camp. I think we already did that, with multiple equity put to call readings above 1, BPNDX hitting 15 (!), NDX percentage of...
Well we did nail that IB target on ES (1219.50, high was 1218.75), but still glad I stayed clear of this closing tape. NQ fails to close above...
NQ now trading above 50 and 200 ema (2235/2237). This is a big deal if we close above.
Auction to 1213 is not a coincidence, it is 150% yesterday's IB. If we hold 1208, we could see 1219.50, 100% today's IB. But the way ZN holds a...
NQ fiercely defended that 2220 level and ES should retest 1213
Longer term targeting ES 1247 as long as NQ keeps trading above 2220. The flip side is a pretty dramatic pullback if NQ can't regain today's high,...
NQ tags the 2010 close.
Bullish divergence on a retest of the mid August highs. I am not quite ready to take a swing short, scalps only.
Resistance is 1199.75, 1208 and 1220.
One of those days where you don't want to chase it up here, but shorting it is just as freaky with a +2350 ADDEC line. Gonna let the noise play...
Well, once again betting against a yield curve that is not inverted is proving to be a dangerous bet longer term.
The only caveat I would put is that NYSE TICK readings from TOS or Ameritrade are a lag versus the IB feed, which believe t or not has the...
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