A big mistake traders often make is interpreting strong volume at an extreme low or high as a building momentum sign (they go with the volume),...
yes, and that divergence is clear on the lower low with less volume.
VXN at lows, NQ leading ES today and about to tag the 20 dma...that all screams more upside soon. and ES wil get dragged along kicking and screaming.
NQ gaps above:
NQ is going to close that gap above at 2176 either today or Monday.
SPX over NDX.
S over N. Not usually a bullish outcome. Don't get greedy with longs, just my take today. Great scalps, though.
Not a day to get married, scalp 'em. They are plenty wide.
Going to amend that to 2123, resistance so far on the bounce after the initial sell. That lines up better with 15% of NQ and a 5% drop in AAPL. If...
5% drop in AAPL should put NQ value around 2129 from its close. So it looks like we are a little overdone on the selling, but then again, 3 day...
For those traders that might want to brush up on some critical rules, nothing beats "The disciplined Trader" by Mark Douglas (pit trader written...
Not much of a PnF chartist, but I do check it once in a while. After all, Paul Rotter, arguably the biggest daytrader in the world, favors PnF charts.
BPNDX pnf first reversal since July 22: http://stockcharts.com/freecharts/dynamicpnf.html?$BPNDX (need to copy paste whole URL to get BPNDX,...
Well, once again, that Sunday open pattern has held up to the test, no matter how insane the markets. It's still a trade that works and that is...
either way, it's making shorts nervous.
It's more about more stimulus, oil up:...
NQ just turned green... Again, no shorting on that break above 2039.75. In fact, NQ now in the lead. Could move up to retest 2052.
Well,well, well. NQ retesting 2039.75 resistance for a third time. No shorting here. I am going to sit this one out until London.
TD 8 counts on the hourly sure working like magic. This tape is so technical, it's a marvel to behold.
Buyers stepped in right away on that opening drop to 1111.25, just under my support level of 1111.75. When that happens at the open on Sunday...
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