ZN resistance on an FOMC spike is 130'285 and 131'060. At that stage, equities become too cheap to ignore. So watch those bonds and treasuries.
Everytime TNX gets close to 1.9%, equities catch a bid. That pattern is based on the last auction at 2%.
Massive amount of buy stops sitting above 1210.
Investor intelligence latest data: still a heavy historical amount of bears. It will be a tall order for them to succeed for very long, it's just...
I could not disagree more with that statement. ES, NQ and TF at the 2009 lows, NQ was the one that pointed to a low being made by not making a...
NDX monthly chart. Back above 2007 highs and the perfect bounce off the 20 month moving average this month. Note precise resistance this month at...
That is clearly not what I said. Read again: what we know, it knows. So there is no sense in trying to get ahead of the curve. But there are very...
Usually once the trend is set after IB, it holds on FOMC days for 2 or 3 hours. I'm still waiting for a hit of ES 1248 and subsequent reaction...
Every worker's job is protected by unions. Unions work with management to sort things out, but above all, no one on their boards make as much as...
I made it known here a while back that I am an NQ trader/chartist first and foremost because it is the heads up (or down) for ES and even ZN....
I'm neither a bull nor bear, I trade the trend until it hits an extreme in sentiment then I prepare for the reversal. I will be curious to see...
NQ bear flag was negated on 8/30, and the triangle upside break on the RTH hourly on 9/14 confirmed it. Bears would have to get back below 2215 to...
I would not get too excited about the downside. We definitely hit a pocket, but this is an upward channel for NQ, no longer a bear flag. Maybe a...
Large traders sold the market at 14:42 and 14:43. NQ also reached the top of the channel prior to that, so we could be in for some selling. The...
No improvement in the internals coming into the last hour. Not chasing this. Staying flat due to NDX 200 dma noise.
Someone really, really wants to get NDX to close back above its 200 dma.
Ten year note futures (moves inversely to yields). The contract to watch today. It is rare to get the kind of gap up we saw this morning in this...
Maybe only 130'190, but we have been consolidation at highs all morning (130'140/130'160) and that has a lot of pent up energy. But it all depends...
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