Yesterday the ALGO MACHINES attacked 4 stocks and used the rest of the heavy weights for support as the NQ which was slammed to its lower keltners on the 1Hr Monday & Tuesday as the media pumped "value stocks" went and slammed its upper keltner - causing SPX ride upon that FEB 2016 - 2018 LOWS Line for this wave ending into BRADLEY next week (and OPEX) to attempt the ATH. ALL indexes are riding above their 5d MAs as [...]
Yesterday SPX ended the close ABOVE the OPEN streak and here's what happened: SPX NAILED 3284 (Friday's LOW) coming off Xtreme OVERBOUGHT on all time frames $TICK/Q & $TICK recorded multiple -1000 candles after BIDEN was due to announce KAMALA NQ has now 2x this week pushed to its LOWER KELTNER on the 1Hr QQQ CLOSED below 268.45 DOW & RUT didn't even dip to their 5d MAs on the LOD yesterday DIA PUTS BUYERS got 1 of the 3 gaps [...]
Yesterday SPX closed ABOVE the OPEN for the 9th consecutive session: ------- THE 9th consecutive CLOSE higher than the OPEN has happened: only off the JAN 2019 re-drop bounce have we had a longer streak being that was an OBVIOUS bounce where we were targeting 2650 - 2625 (nailed it), no BULL STREAK like this has ended NICELY MAY 31 - JUN 8 FEB 3 - ATH had 2 CLOSE lower than OPEN in its 12 session topping No streaks have [...]
Apologies for the late week watch update, but getting smashed by a water logged 48hrs of torrential rain typhoon that hit virtually all of Asia, I'll get straight to the point: SPX ATH is in play until we see a CLOSE below SPX 3317 & 3284 & fill last weekend's gap and CLOSE below 3271. Into anyone of these, we're likely to see an OVERSOLD 4Hr which defines the crystal clear BTFD BOUNCE due while we're on the longest GREEN Open [...]
This weekend marks 2 months since we've been watching for this SPX FEB 21 - 24 COVID WEEKEND GAP from 3260 - 3338 to fill and it's finally done and couldn't have been a more perfect time frame to do it being its JOBS Friday and FRIDAY is when HIGHS like to be placed like the: JAN 2018 High, SEP 2018 High, JUL 2019 High With JOBS Today and the kitchen sink thrown for this GAP FILL with everything from [...]
SPX 3308 is accomplished with the ~close enough EOD pop yesterday and with the premarket gap up ahead of the 8:30 economic data with the WHOLE GAP from FEB 21-24 COVID Weekend filling @ 3337.75. This band aid tear off 5th wave is getting a bi obnoxious The RED ZONE is the above 3150 view while this 2nd gap up from the weekend now provides a very similar to what we had going into FEB with multiple unfilled gaps below, [...]
QQQ tripped the triple top and ran out stops (imo) by printing +270 while SPX visited 3300, but SPY DID NOT print 330s, nor did IWM prints 150s which leads to the assumption those are due later this week before we can consider the wave-3 complacent placement placed ahead/from this Friday's JOBS Report. The ODD data is the intraday range on SPX (18.20p) was the LOWEST since the All Time High placed on FEB 19 and the ONLY sub 20p [...]
So what I'd like to see on these 3 setups to start the week off to take a trade are: SQ 130 - 130.50 for AUG 14 SQ 124 PUTS - Closed Friday @ 4.80 x 5.00 SQ Daily SQ reports on WED AUG 5 so going into this ahead of earnings is not the smartest plan, but we saw many V FAIL on its earnings and AAPL reportedly bought a startup over the weekend that directly competes with SQ All time [...]
The first week of AUG is a slow one in terms of economic data until we get into WED for: 08:15 USD ADP Nonfarm Employment Change (Jul) 1,500K 2,369K 08:30 USD Exports 144.51B 08:30 USD Imports 199.12B 08:30 USD Trade Balance (Jun) -50.30B -54.60B 09:30 USD Seevol Cushing Storage Report 0.426M 09:45 USD [...]
Everything but the NO EXTRA $600 STIMULUS is out: We got that potential upside spot hit @D2 of that 265 - 267 and a GAP FILL back to 261 to look forward to on the AUG 7 contracts NQ still isn't "juiced" to redo the JUL DOUBLE TOP to 11058 While SPX & NDX appear to still be in wave 5 of v of 3 before the WAVE 4 DROP which doesn't start until -3185 and then -3155 closes that eventually [...]
