And So It Begins Message me in CHAT any individual stocks you have or are watching for TERMINOLOGY: ES = S&P Futures; YM = DOW Futures; NQ = Nasdaq Futures One day you will wake up, check your phone and see futures down 1-2%. You think they will go green but they don't. The market opens and starts cascading down. The dip is bought as a Pavlovian response yet we sink further. Everyone realizes "this is it" and heads to the [...]
RALLY ON JOBS MISS because Dr. Trump says a COVID VACCINE is coming the 1st week of NOVEMBER You gotta love the euphoric fakeness that every indicator that worked for +80 years is telling the real money what's due while the retail short sighted, short termers continue to play the momentum of the 🎲🎲 craps table. SPX Blew both upside planned pivots heading into the week @ 3518 & 3571 and without the NASDAQ RUN as it was the shove ahead [...]
For weeks its felt like how those politicians needed to sign those "I'm sorry your son passed away fighting for our country" letters during WW2, Vietnam and the decades of military men in the Middle East when writing these updates KNOWING the headline "THE WAR HAS ENDED" is going to satisfy a LARGE MAJORITY of those who have traded longer than 6 months. In any case: I shared the SPX Monthly view yesterday and will do the NDX later today [...]
Nasdaq finished up +0.95% yesterday with the SPX flat 🔻 to close dead on 3500 due to the massive oversold DOW which was so oversold on the 1hr time frame it hit the lower keltner on the /YM which was also the 5d MA. How BEARISH is becoming OVERSOLD and not being able to break your 5d MA Its NASDAQ, NASDAQ, NASDAQ 6, 6, 6 and yesterday was simply AMZN, TSLA, NVDA with some AAPL and then the NVDA COUSINS [...]
Futures have been pretty falt since the midnight pop and are actually closing in on oversold on the YM, NQ & ES, but fret not as the 10th consecutive gap up since the massive gap down of --47.55p on SPX the weekend of JUN 12-15. SPY +352.49 accomplished overnight and QQQ 294.92 with BIG GAP UPS showing on the split adjusted TSLA & AAPL with NVDA, V, JPM & BYND significant gap ups while the rest are all pretty FLAT as [...]
So after the close Friday, SPY went and repaired that Thursday night high @ 351 with the 351.07 print despite /ES not reciprocating since futures stop trading @ 5PM while SPY trades stop @ 8PM. 6 stocks have done the last +2 months of work: 6 and its one of the few times when being wrong is actually being right; getting beat and not losing if that makes any sense to you SPX Breadth Nasdaq Breadth One day you will wake up, [...]
With 18 sessions in the month of AUG complete which will be the 5th consecutive monthly candle GREEN which is an anomaly of its own, 13 of the 18 sessions have been gap ups overnight driven still by the same catalyst: RETAIL CALLS BUYERS ON THE SAME 6 NASDAQ STOCKS (and their smaller cousins) 161.8 extensions have accomplished on the QQQ/NDX/NQ from the: 2016 LOWS (February) 2018 HIGHS (October) 2018 LOWS (December) viewed as a CYCLE TOP... the same pivots for [...]
Shared the MONTHLY CANDLE view, the UNFILLED GAPS view, the VIX BULLISH FALLING WEDGE, the wave-count, the idiosyncrasies since the FEB 21-24 COVID Weekend Gap was entered into @ SPX 3260 - 3338 which we spoke of since mid JUN... so here's a CLEANER UNDERSTANDING VIEW of what it means to be forming this wave ending diagonal since then So you GET IT: those PURPLE/PINK lines are your JAN 2018 - SEP 2018 - JUL 2019 HIGHS LINE and below [...]
With the weekend gap unfilled being the 4th gap up unfilled during the month of August, we have a NEW ONE last night after that c:algo/August/panic_buy.exe PANIC BUY PROGRAM kicked in just after 3PM yesterday BUT DID NOT INVOLVE THE 6 TECH STOCKS. The SHIFT has been into the DOW and BA, the Banks, DIS, NKE and FDX simply will not survive this move as the DOW is within 100p of the 2020 Open The 2 UNFILLED GAPS that matter [...]
I avoided the weekend update which would be regurgitating the same message that's been said all month long as we close in on the end of AUGUST next week Monday for an anomaly 5th Monthly Candle SPX MONTHLY SPX accomplished wave v = wave 1 last week and that assumption SPY 340 / SPX 3400 would print prior to the turn down starting was (as we see overnight) the right assumption and still NOTHING HAS CHANGED in terms of when the downturn [...]
