Get started

NAS

NQ1! - Opex Week - Mr. Powell or Mr. BrainardThe Federal Reserve Chair will be assigned by President Biden before Thanksgiving. Will the announcement arrive during Opex Week? This is the wildcard in the market. NASDAQ found resistance, after a morning tech rally fueled by AAPL, TSLA, and MSFT, at the 2h MBB, returning to set-up at the 8 EMA. Two Bearish Patterns to watch in the form of a Rising Wedge and H&S. NVDA had great earnings for the sector leader. The 10 year note and BTC have consolidated, with the note sitting just under the 16 mark at 1.585.
CME_MINI:NQ1!
by Pennywick
NAS - 3 Wedges - Time to Pause, Recharge, and Take StockAs the run continues into blue skies, NQ1! is supported by the 2 hour 8 EMA. Watching for RSI divergences on new highs as price has overthrown the third wedge. The 10 Year Note set a 4 Hour Higher Low. The melt-up is on until a clear reversal pattern breaks and is back-tested on the 4 hour frame. For me it is time for a break, to step away from the creative pursuit of publishing Technical Art, and to focus on finding the space within the present moment. The digital world has brought so much good, and to keep it positive great care must be made to sow balance. I wish you all best in the last two months of 2021.
FX:NAS100
by Pennywick
NAS - A Scenario A practice that provides opportunity for preparedness, and holds the risk of imprinting bias, scenario planning belies a unique place in the traders tool box. Here is to dream, and in dream form only, that sees a continued massive crash to the upside for the Santa Claus Rally. Followed-up by Rate Volatility, a neckline bounce to a right shoulder and onto the third test of the point of control. The odds are against it, but now, if it comes to pass, it will not be the first-time it has been considered.
CME_MINI:NQ1!
by Pennywick
LCID bull flagLCID: Strong downwards wedge after impulsive move signals a bull flag ~ What is interesting about this graph is the VI. It showed bearish momentum but yet had increasing price action! Imagine when the VI sends bullish momentum! ~ RSI also has a lot of room to grow. ~ The only errs in this graph are the death cross on the 11th signifying a bear trend. But this cross is weak as it has low volume. ~ Another err is the false breakout on the lower side before coming back in. This can be attested to the QQQ action of dumping today. The fact LCID was able to stay bullish despite QQQ and the VI being bearish/choppy for some of the day
NASDAQ:LCIDLong
by CheckMatted
1