QQQ is down over 1% today and falling out of the channel it's been in since October. It's quad witching today so could not be a coincidence that the market might be changing phases. An obvious spot for support would be the 50 EMA down between $425-$427.
Last Quad Witching $SPY closed at $365 and gapped up to $371, but last QW was off a pivot at the bottom of the down trend. AMEX:SPY
CME_MINI:NQH2023 - PR High: 11463.50 - PR Low: 11446.00 - NZ Spread: 39.0 Evening Stats (As of 1:25 AM) - Weekend Gap: N/A - 8/19 Session Gap: -0.04% (open > 13237) - Session Open ATR: 307.47 - Volume: 24K - Open Int: 234K - Trend Grade: Bear - From ATH: -31.7% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 12391 - Mid: 11820 - Short:...
Lots of volatility possible in between now and Quad Witching in 2 weeks. Thu Dec9 30-y Auction Fri Dec 10 CPI Wed Dec 15 FOMC Fri Dec 17 Quad Witching The first 3 I don't think are going to cause much volatility, but it all depends on the result of each. The Quad Witching may be a bit more predictable. During the past 2 years, the QE+Stimulus...
Hello traders and investors! Let’s see how the SPX is doing today! The volatility is quite high, thanks to the Quad Witching , but we can find some sense of this crazy market using Price Action. The SPX it is doing a Double Bottom chart pattern in the 1h chart, but the situation is still delicate. If it loses the previous support, then it’ll ruin the...
Hey everyone SamC here, we are going to start posting some set ups for the following trading day of a couple names we are watching. Feel free to ask questions in the comments and give us a follow.
Heya Speculators - it's time for another look at the stock index futures levels heading into the trading week. To start, you may want to check out the chart of the S&P (es1!) on a 4H chart. Do you notice a pattern there? It's quadwitching this Friday and already it looks like the sellers want to keep the option expiration week dips in the playbook. 5/19, 6/19,...
Hello traders and investors! As it is Friday, let’s do our usual Multi Time Frame Analysis (MTFA) and try to understand what’s going on with the market. Today the index is falling sharply, and it is losing its support around the red line. Also, it is triggering a bearish pivot , resuming the bear trend and making SPX seek further supports, which short sellers...
SPY opened up euphorically, up 2.9% at it's high for the day. Strong 2 way trade ensued as expected (noted yesterday). Index closed up 1.3%, but much lower than the open. Thursday's strong down trend day was followed by sell into strength of Friday. Rips were sold, dips were grudgingly bought. SPY was down as much as 0.6% before buyers closed up the index for...