QQQ
Market Bias & Top Stock Watches - 2/7/2023Bias: Neutral. Bullish Over Yesterday's High, Bearish Under the Low.
Top Watches: Tune in to my Live Stream @ 9:45 EST for my full list of top stock watches
Follow @JLaing for a timely morning bias of the market, top stock watches, and live day trading every morning!
Learning Fibonacci Price Theory - MUST WATCHEven though I got cut off after about 25 minutes, I'm sharing this with all of you to teach you how to use one fo the most important PRICE STRUCTURE features for any chart
Fibonacci Price Theory.
The consensus of all TA is that PRICE tells us everything.
Fibonacci Price Theory is the REAL DEAL.
Use it on a 1 minute, 5 minute, 60 minute, or Daily - ANY TIME-FRAME
Use it in conjunction with other TA/Indicators.
Use it with Elliot Wave analysis.
USE IT.
My experience is that all indicators/theories/strategies have strengths/weaknesses. If you are not aware of them (yet) - pay attention.
Follow my research and I'll continue to try to share tidbits of advanced TA/Fibonacci with you.
I created this to help my followers/friends learn one of the most critical price structure components of my own research. I see all price charts in the manner I've illustrated in this video.
After more than 15 years of applied Fibonacci Price Theory/Structure - I can't help but NOT see price as "Fibonacci Fractals".
Hope this helps.
Market Bias & Top Stock Watches - 2/1/2023Bias: Choppy. FOMC minutes @2et, will likely be quiet until then.
Top Watches: Tune in to my Live Stream @9:45 EST for my full list of top stock watches
Follow @JLaing for a timely morning bias of the market, top stock watches, and live day trading every morning!
At the level of interest - ES SPX AAPL USOIL et al....SPX is in the area where I think it may reverse although higher highs to end the day is certainly possible.
It has been a hard slog for bears and according to what I'm seeing on the put/call charts, the bets are mostly bullish. This makes sense in terms of price action but under the hood there are some issues.
There are technical reasons why I'm still bearish here, and basically that's what I talk about in the video. I know some will probably criticize this as being "too bearish" and that's fair. However, I don't think I'm imagining what I'm seeing here. The RSI has been very clear when the selloffs looked too weak and I have pointed that out when I saw it. The RSI in particular is now clearly flashing a longer term warning here, which I try to explain.
Good luck and have a great weekend!
Market Bias & Top Stock Watches - 1/20/2023Bias: Neutral (lean bullish but wait for market to show its hand)
Top Watches: Tune in to my Live Stream @9:50 EST for my list of top stock watches
Follow @JLaing for a timely morning bias of the market, top stock watches, and live day trading every morning!