ok we're getting a recovery rally, but be aware tomorrow they could sell down to create one more low which I would think would be a bear trap. I can't say it's THE "bottom" but we could be starting to make a bottoming pattern here. RSI needs a reset, watch NQ and tech especially for an outperformance rally if I'm correct.
Good luck!
Good luck!
ความคิดเห็น:
if they sell the close, it may be like this.
ความคิดเห็น:
well damn they are selling it hard. If the idea is not correct, this is only 1 of 5 with 3 tomorrow/ overnight and 5 next week. Fooled me again if they don't save this overnight.
ความคิดเห็น:
NQ holding the line after AMZN earnings....
ความคิดเห็น:
they are holding the channel line - so far. That's nice and clear because if they hold it they will bounce and if they lose it tonight we're going lower.
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under 14150 on NQ overnight or tomorrow and we'll continue to sell.
ความคิดเห็น:
SPX futures just hit the 61.8 fib, if they are going to tank this overnight this is where it may stop...
ความคิดเห็น:
good morning, bounce held overnight but it's very weak. We could have one more low (red path on NQ) but if they can get over the middle trendline finally, we could rally hard today. I can't tell, but i do think we touch the trendline above regardless....
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edit - i think we touch the "yellow" trendline regardless - good luck
ความคิดเห็น:
they are getting close, If they reject from this level (about 14350 on NQ), we're going to make more lows.
ความคิดเห็น:
rejection so far from the yellow line, over it and it's bullish but right now looks bad.
ความคิดเห็น:
took a small short at the line, could be a black friday. tight stops
ความคิดเห็น:
looks like they are going to try hard to get over 14350 on nq but negative bearish divergences are building, one more attempt and failure should exhaust the bulls
ความคิดเห็น:
last gasp attempt failed, that should be the high for today if we are going lower
ความคิดเห็น:
if they get another high it will be to take out stops i think. The struggle is similar to a few days ago where they dropped down and then kept making little higher highs only to fail once stops were out.
ความคิดเห็น:
ok maybe that's it? it's like trying to reel in a marlin
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nope small time frame rsi pointing to another high
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they still don't look done at this battle line. I'm still thinking they ramp up to get above all the highs of today. Waiting with a small short, I will add if that happens. It's really getting ridiculous. Under 14300 and this will tank hard (NQ)
this is what's forming on NQ, I still favor one more high but it could drop
this is what's forming on NQ, I still favor one more high but it could drop
ความคิดเห็น:
lost it! waiting for a bounce then I'll add more
ความคิดเห็น:
i don't love the rsi here. I'm staying little for now. A fake breakdown could really ruin my day.
ความคิดเห็น:
tricks and traps
ความคิดเห็น:
5 minute rsi needs to get higher before a fall.
ความคิดเห็น:
they are going to push it hard to convince bears to drop positions, just wait
ความคิดเห็น:
here she comes
ความคิดเห็น:
if you are bullish as I was yesterday, this is looking like a breakout and COULD keep going. Because of the pattern and RSI I don't think so, but I can be wrong for sure. Please tread carefully either way.
ความคิดเห็น:
RSI reset enough but a little higher makes sense. Adding shorts slowly. WIll drop them for sure above 14400
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pushed it hard and close to 14400, shorts taken, Stops tight at 14430, hopefully I'm not wrong but I may be! If correct, the rest of the day is down, If wrong they get over 14400 on NQ
ความคิดเห็น:
last post till close, If wrong they keep pushing to over 14430 and I will lose. If correct it should sell down from here or maybe a wee bit higher. However, small time frame rsi is showing hidden bearish divergence and we are still forming lower highs. RSI on 30 minute is quite hot for a downtrend, so my logic tells me this is the peak. I will update later regardless if it's correct or not. GOod luck!
ความคิดเห็น:
bulls trying to hold the yellow line. I took some off in case they hold it but lowered stops for the rest. This is a decision point.
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decision made, should start to pick up speed,
ความคิดเห็น:
NQ in a channel, it's the clearest today for me so that's why I'm trading it. If it breaks the channel it's bearish. Could bounce to the high again and could also breakout so be aware of it.
ความคิดเห็น:
it could bounce to the high of the channel I mean
ความคิดเห็น:
broke already, they are starting to panic
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still pretty early, target on NQ looks like target may be 4100, not sure. With panic it can go under. Starting to look like this again. www.youtube.com/watch?v=RLySXTIB...
ความคิดเห็น:
channel now acting as resistance (for now.)
ความคิดเห็น:
NQ bear flag target 14075, maybe today, not sure.
ความคิดเห็น:
while we'll probably sell the close, be aware that SPX is in the head and shoulders target area 4100-4050
ความคิดเห็น:
spy - same thing
ความคิดเห็น:
if the close is a waterfall down it may be the end of the downtrend. Anything less and I think more selling for a few days next week.
ความคิดเห็น:
tis count on spy may be valid. I'm going home flat.
ความคิดเห็น:
tech is actually still positive on the day, I doubt it makes a lower low like SPY
