NQ Power Range Report with FIB Ext - 5/3/2024 SessionCME_MINI:NQM2024
- PR High: 17808.00
- PR Low: 17722.00
- NZ Spread: 192.50
Key economic calendar events (loaded Friday)
08:30 | Average Hourly Earnings
- Nonfarm Payrolls
Unemployment Rate
- 09:45 | S&P Global Services PMI
10:00 | ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
AMP margins increase for expected vol spike
- Pushed value back into week highs
- Quick supply response above prev 2 session highs
- Ranging around prev session high
Evening Stats (As of 1:45 AM)
- Weekend Gap: +0.16 (filled)
- Gap 5/2 +0.07% (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 309.57
- Volume: 27K
- Open Int: 236K
- Trend Grade: Bull
- From BA ATH: -5.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Volatility
Analyzing Nifty50 Spot's Triangle Pattern Breakout Trade PlanGreetings fellow traders,
I've been closely monitoring the Nifty50 spot since April 25th and have observed a range-bound movement, forming what appears to be a triangle pattern. I anticipate a breakout from this pattern tomorrow, which could lead to significant moves in the market.
My trade plan revolves around this potential breakout. If Nifty50 breaks out tomorrow, my targets are set at T1 (22727.80) and T2 (22895.40) . However, for the breakout to sustain above T1, my proprietary option pricing calculations indicate that the 22550 put option (2nd May expiration) should trade below 10.15 (today's closing price was 57.35).
Therefore, I'm planning to buy the 22550 put option above T1, with a stop loss set at 10.10 to manage risk effectively.
Let's stay tuned and execute this trade plan strategically.
NQ Power Range Report with FIB Ext - 5/2/2024 SessionCME_MINI:NQM2024
- PR High: 17513.00
- PR Low: 17484.00
- NZ Spread: 65.0
Key economic calendar event
08:30 | Initial Jobless Claims
Inventory dip below Tuesday low
- Lifting above prev session close and open
- ~225 points from prev session high
Evening Stats (As of 12:05 AM)
- Weekend Gap: +0.16 (filled)
- Gap 5/2 +0.07% (open < 17481)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 306.63
- Volume: 24K
- Open Int: 241K
- Trend Grade: Bull
- From BA ATH: -6.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 5/1/2024 SessionCME_MINI:NQM2024
- PR High: 17503.75
- PR Low: 17453.75
- NZ Spread: 112.0
Key economic calendar events
08:15 | ADP Nonfarm Employment Change
09:45 | S&P Global US Manufacturing PMI
10:00 | ISM Manufacturing PMI
- ISM Manufacturing Prices
- JOLTs Job Openings
10:30 | Crude Oil Inventories
14:00 | FOMC Statement
- Fed Interest Rate Decision
14:30 | FOMC Press Conference
AMP margin req increase for busy FOMC Wednesday
- High vols excpected throughout session
- Daily pivot high off 18000
- Holding above prev session low
Evening Stats (As of 12:15 AM)
- Weekend Gap: +0.16 (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 300.81
- Volume: 25K
- Open Int: 249K
- Trend Grade: Bull
- From BA ATH: -6.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
The power of ETF investors in BTC.In the IBIT ETF chart, we see that a gap indicated by the blue line, i.e., a price gap, has been filled today. This price gap represents the gap in the BTC ETF chart in the American markets following Iran's drone attack on Israel.
On that day, the price briefly dipped below the $60,000 level due to the influence of the open spot markets and then rebounded from there. Today, the $61,000 level was sufficient to fill this gap.
So, what happens next? Firstly, the notion that Hong Kong currently has a significant influence on BTC is widely accepted by the market.
Assuming that the average for ETF investors is pricing BTC at $52,000, there's a belief that downward ETF selling pressure could lead to significant institutional exits below $59,000. At this point, it's important to note that gaps will likely be filled in the same manner if they occur in the downward direction. However, in case of an upward movement, the gaps that form may not necessarily appear as significant losses from the institutional perspective.
Note: What I emphasize about the closure of price gaps is that they need to be filled by the bodies of the candles, not just the wicks.
NASDAQ:IBIT
BYBIT:BTCUSDT.P
i.hizliresim.com
hizliresim.com
NQ Power Range Report with FIB Ext - 4/30/2024 SessionCME_MINI:NQM2024
- PR High: 17920.00
- PR Low: 17904.50
- NZ Spread: 34.5
Key economic calendar events
09:45 | Chicago PMI
10:00 | CB Consumer Confidence
Last day of the month, 1 day ahead of FOMC
- Prev session closed virtually flat
- Fading from prev highs after a low vol session open
- Above half-back of prev session range
Evening Stats (As of 12:35 AM)
- Weekend Gap: +0.16 (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 287.87
- Volume: 13K
- Open Int: 248K
- Trend Grade: Bull
- From BA ATH: -4.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 4/29/2024 SessionCME_MINI:NQM2024
- PR High: 17877.25
- PR Low: 17852.50
- NZ Spread: 55.25
No significant economic calendar events
Climbing back to 18000
- Partial weekend gap fill
- Found inventory in 17850s
- Above Friday's high
Evening Stats (As of 12:35 AM)
- Weekend Gap: +0.16 (open < 17840)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 302.43
- Volume: 23K
- Open Int: 247K
- Trend Grade: Bull
- From BA ATH: -4.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 4/26/2024 SessionCME_MINI:NQM2024
- PR High: 17822.50
- PR Low: 17755.25
- NZ Spread: 150.0
Key economic calendar event
08:30 | Core PCE Price Index (2x)
Closed prev high with vol spike back to week highs
- Faded with strength at open from prev session high
- Holding inventory in 17740s
Evening Stats (As of 1:35 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 309.22
- Volume: 30K
- Open Int: 256K
- Trend Grade: Bull
- From BA ATH: -4.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
CMCM could chasing a Chinese internet stock be profitable? LONGCMCM is on fire with a 90% gain since the earnings report which was not verified by any
outside forensic accounting auditors . The Ciniese economy may be recovering with it
Cheetah.
The price-volume trend is impressive in the past month as a combination of the price moving
up responding to spikes of buying volume and positive volatility. I will enter this as a small
position chasing the momentum using a trailing ATR stop loss currently $.25 per share.
Since I will risk $25 in the trade for this small position I can take 100 shares as a long position.
I will continue to watch for selected Chinese stocks responding to the economic recovery to
exploit for gain.
Data Patterns (India) Limited: A Deep DiveIntroduction:
Data Patterns (India) Limited is a prominent player in the Defence and Aerospace Electronics sector in India. With a focus on in-house development and manufacturing facilities, the company has been catering to the indigenously developed defence products industry for over 35 years. In this blog, we will delve into the key aspects of Data Patterns (India) Limited, including its product portfolio, manufacturing facilities, ongoing projects, key customers, and financial performance.
Product Portfolio and Manufacturing Facilities:
Data Patterns (India) Limited offers a diverse range of products, including radars, underwater electronics/communications/other systems, electronic warfare suite, BrahMos programme, avionics, small satellites, and ATE for defence and aerospace systems. The company's manufacturing facility spans across 200,000 sq. ft and is equipped with design, manufacturing, qualification, and life cycle support of electronic systems used in defence and aerospace applications. The facility has an EMS assembly capacity of 600 boards/day and employs 1,130 employees, with 700+ qualified engineers as of March 31, 2023.
Ongoing Projects and Key Customers:
The company is currently engaged in the supply of critical products to several prestigious defence projects in India, including the Light Combat Aircraft (LCA), the HAL Dhruv, Light Utility Helicopter (LUH), and the BrahMos missile programme. Key customers include Bharat Electronics Ltd (BEL), Hindustan Aeronautics Limited (HAL), the Indian Space Research Organization (ISRO), and Defense Research and Development Organization (DRDO). DRDO contributed 42% of the total turnover.
Financial Performance:
In FY22, the company raised 588 crores through an IPO, with 240 crores being a fresh issue and the remaining 348 crores being an offer for sale. The IPO proceeds were utilized for expanding manufacturing and testing facilities in Chennai and enhancing the system integration facility. In FY23, the company raised further funds of 500 crores through QIP for the development of satellite, radar, electronic warfare, and communications products. As of March 31, 2023, 51.21 crores was unutilized from the IPO proceeds, and 462.73 crores was unutilized from the QIP proceeds.
Technical Analysis:
From a technical perspective, the regression channel pattern applied on the weekly timeframe indicates a breakout failure in September 2023, followed by another potential breakout. This could be an opportunity for long-term trend trading on an undervalued stock.
Conclusion:
Data Patterns (India) Limited is a leading defence and aerospace electronics solutions provider with a strong product portfolio, manufacturing facilities, and a diverse customer base. With ongoing projects in the defence sector and a focus on product development, the company is well-positioned for growth. The technical analysis suggests a potential breakout, which could be an opportunity for long-term investors.
NQ Power Range Report with FIB Ext - 4/25/2024 SessionCME_MINI:NQM2024
- PR High: 17486.75
- PR Low: 17437.25
- NZ Spread: 110.25
Key economic calendar events
08:30 | Initial Jobless Claims
- GDP
Strong inventory run to close prev session
- Mechanical print resulting in pivot back into 4/23 range
- Another technical session gap that structurally filled but left room to the close
- Full gap fill at 17509
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 294.38
- Volume: 28K
- Open Int: 253K
- Trend Grade: Bull
- From BA ATH: -6.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 4/24/2024 SessionCME_MINI:NQM2024
- PR High: 17698.50
- PR Low: 17664.00
- NZ Spread: 77.0
Key economic calendar events
08:30 | Durable Goods Orders
10:30 | Crude Oil Inventories
Daily gap up print of ~65 points, 0.35% from prev close
- Climbing above prev session high
- Inside lows of 4/17 range
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 295.59
- Volume: 30K
- Open Int: 254K
- Trend Grade: Bull
- From BA ATH: -5.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Volatility Valuation Index - ES FuturesThe " Volatility Valuation Index " proved to be quite reliable ... again....
Mind you this is a SETUP tool, to locate EXTREMES in Volatility.
It is NOT a SIGNAL tool, to be used for entries / timing.
That said, its accuracy sometime can be impressive.
But even under these circumstances, I do not use it as a timing tool
(Works across all markets & timeframes)
Nkarta to 15$NASDAQ:NKTX
Looking like a technical reversal on the daily chart - MACD, TTM, and MACD look very resilient after a selloff.
Analysts set price targets at 15$, indicators seem to match up with this. Earnings in 17 days and mid-year treatment trials could be catalysts to move the price towards this target. Earlier results were promising.
Make sure to manage your R:R and size appropriately. Tell me what you think about this setup in the comments.
NQ Power Range Report with FIB Ext - 4/23/2024 SessionCME_MINI:NQM2024
- PR High: 17371.75
- PR Low: 17329.25
- NZ Spread: 95.0
Key economic calendar events
09:45 | S&P Global US Manufacturing PMI
- S&P Global Services PMI
10:00 | New Home Sales
Prev session closed as double wick inside bar
- Holding near prev session close
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 4/18 +0.04% (open < 17665)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 290.59
- Volume: 26K
- Open Int: 264K
- Trend Grade: Bull
- From BA ATH: -7.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 4/22/2024 SessionCME_MINI:NQM2024
- PR High: 17263.00
- PR Low: 17196.00
- NZ Spread: 150.0
No key economic calendar event
Volatile open creating relatively wide range
- Holding above Friday's close
- Value declined back to Dec-Jan range
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 4/18 +0.04% (open < 17665)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 291.55
- Volume: 37K
- Open Int: 267K
- Trend Grade: Bull
- From BA ATH: -7.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Wells Fargo Quietly Breaks OutStocks inched lower yesterday, but not Wells Fargo.
The first pattern on today’s chart is $58. WFC was trapped below that level since March 12, but closed above it on Thursday and reached its highest level in over two years. That may suggest the bank stock is breaking out.
Second, Bollinger Band Width highlights the narrow consolidation since early April. Will that price compression give way to price expansion?
Third, WFC is back above its 21-day exponential moving average. Traders could view that as evidence of a bullish trend. MACD is also trying to turn higher.
Finally, there have been some positive news events. The Office of the Comptroller of the Currency (OCC) terminated a cease-and-desist order on February 15 and earnings beat estimates on April 12. (The stock initially dropped but advanced this week.)
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NQ Power Range Report CORRECTION - 4/19/2024 SessionCME_MINI:NQM2024
- PR High: 17543.00
- PR Low: 17520.00
- NZ Spread: 51.5
Evening Stats (As of 1:55 AM)
- Weekend Gap: N/A
- Gap 4/18 +0.04% (open < 17665)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 301.12
- Volume: 144K
- Open Int: 260K
- Trend Grade: Bull
- From BA ATH: -7.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 4/19/2024 SessionCME_MINI:NQM2024
- PR High: 17543.00
- PR Low: 17520.00
- NZ Spread: 51.5
No key economic calendar events
Heavy selling through prev session
- Below prev daily supply, 17400
- Found inventory response inside mid Jan range
- Establishing value between 17240 - 17390
Evening Stats (As of 1:55 AM)
- Weekend Gap: N/A
- Gap 4/18 +0.04% (open < 17665)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 301.12
- Volume: 144K
- Open Int: 260K
- Trend Grade: Bull
- From BA ATH: -7.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Argument: Bitcoin is only going to get MORE volatileThe first macro recession for crypto assets is perhaps right around the corner.
Bitcoin will be put to the test at a time when it has never been more viewed as a stable store of value by so many people.
The volatility is going to be brutalizing.
Don't get wiped out on the path to infinity.
NQ Power Range Report with FIB Ext - 4/18/2024 SessionCME_MINI:NQM2024
- PR High: 17685.50
- PR Low: 17670.00
- NZ Spread: 34.5
Key economic calendar events
08:30 | Initial Jobless Claims
- Philadelphia Fed Manufacturing Index
10:00 | Existing Home Sales
Value continuing to decline below 17000
- Responding to 2/21 inventory
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 4/18 +0.04% (open < 17665)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 282.68
- Volume: 21K
- Open Int: 254K
- Trend Grade: Bull
- From BA ATH: -5.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 4/17/2024 SessionCME_MINI:NQM2024
- PR High: 17916.00
- PR Low: 17896.00
- NZ Spread: 44.5
Economic calendar event:
10:30 | Crude Oil Inventories
Prev session closed flat
- Maintaining 50% of prev session range
- Above Monday's close
Evening Stats (As of 12:55 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 277.30
- Volume: 28K
- Open Int: 253K
- Trend Grade: Bull
- From BA ATH: -4.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone