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Indextrading

two paths for nasdaq futures (TQQQ)in reality the tech boom is to blame for this correction. if we werent in such business with the market weight we are currently there wouldnt be a need for the drawdown in buying that we are. this could obviously co tinue, but my bias is still long after the current contraction and retracement. divergence from vwma, rsi and qqe signals strategies are long, and i have to say that the weekend looks promising as long as we stay away from negative headlines. the conflict is mostly priced in and xlv, xle, xli, utsl having a good day in relation to the rest of the market moving down shows healthy rotation, and does not spell a crash. defensive sector stock will accumulate and prices in tech will move up.
NASDAQ:TQQQLong
by cerealcharts
two paths we could take spx futures (es1!)im confident on the abandoned baby/bullish doji daily theory, and i think we may be seein a similar pattern now to the one i have circled in oct '21. if we continue off of oversold bullish divergence and cross the vwma getting a long entry in qqe then this market is a buy. we may gap up and trade upwards on monday. if we treat that average as resistance qqe will remain short and rsi will bulliahly diverge even further returning to oversold.
CME_MINI:ES1!Long
by cerealcharts
SPX WhipsawAs you know, markets rarely move straight up and straight down. The battle between buyers and sellers with differing time frames and objectives guarantee it will always be a challenge not get shaken out of trades. The S&P 500 looks like it will hit the 3800-3850 region soon. However, There is a strong possibility that we see a vicious countertrend rally at either the 4150 or 4050 regions. A strong rally from these regions could push it very quickly back to 4325 before continuing down to 3800. How to trade this: 1) If you are not already short and would like to be,,, wait. Look to re-enter around 4325 if we see that. Shorting at this point is dangerous and even if you are eventually profitable on the trade, it will rob you of sleep at night. 2) If you are looking for a longer term long entry position, wait till we reach the 3850 region before pulling the trigger on your watchlist. There is is a real possibility that we could see further weakness down to 3200 level, so be judicious and begin dollar-cost-averaging from 3850.
SP:SPXShort
by Lazy_Investing
Guaranteed money (UVXY)If we break to new highs it's almost a guarantee that, provided we are hitting new lows in multiple important sectors like tickers xlf, qqq, spy, we take this over 19. The only real guarantee is that whatever high we hit in UVXY we are seeing lower prices soon. low 14s is where I'm drawing these hypothetical puts expiring a me to.e early March. This is based on the simple fact that indices didn't hold their lows, and there are really two scenarios that can play out: we set some lower low as support and bounce, or we continue lower. If we go lower there's really no support. If we bounce there's really very little resistance. Low availability of shares means we're not headed sideways. This is the bullish picture for uvxy: This is the bearish picture: The forecasts show my limits of how far I would long or short based on a bull/bear move from current levels. The ghost feed is just one solution to how they could both hit. If you get the right signals UVXY is guaranteed money.
CBOE:UVXY
by cerealtrades
front month vix futures remain overbought (vx1!)the upside in short term vix futures remains muted as limitations on how far out broader market shorts in the money puts are due to backwardation in front month contracts. this is leading to derivatives like UVXY to probably continue to sell off of overbought. we could find ourselves back in the low 14s UVXY if we see 22 vix again which should be soon. if we go over 28 vix id imagine were headed for 20 UVXY. the weekly picture for vix is bearish.
CBOE:VX1!Short
by cerealtrades