Itsallsotiresome

Itsallsotiresome

RTY finally broke below its uptrend support which is the bottom of my channel. That uptrend support was there since March. I'm not sure if the RTY is creating a new channel up or down. I should've shorted RTY when it reached a bearish divergence at the RSI. But my baby was grumpy this morning. He wanted more time with dad. There will always be another trade tomorrow.

Itsallsotiresome

ES at the hourly view. That pink line is a historical, multi-year resistance. As you may see, it's performing well as a resistance lately. The dashed red line above is the downtrend resistance since February. The green dashed line is the uptrend support since March. ES may just have a pullback. I could long the VIX at the pullback if it reaches that dashed red...

Itsallsotiresome

This is the 4 hour view of the NQ since February. As you can see, the historical supports and resistances really do where the prices bounce and stops at. This can be very useful when planning swing trades.

Itsallsotiresome

This is the monthly view of NQ. Each line acted as support or resistance for multiple years. The lines are updated as I discovered more trends. Each line has affected 1-2 weeks worth of trading for the past 4 months now.

Itsallsotiresome Updated 

Despite the initial selloff, my channels in the RTY held. I'm holding off on longs until XLF makes a decision. It's currently struggling to sustain a rally. Flag support is at 1354 below. My sell zone starts at 1453. There is a minor support at 1400s. If we close below 1354, then the RTY will be in big trouble. For now, I am not sure if a new channel below is...

Itsallsotiresome

This is the XLF chart at the 30 minute view. The XLF made a decision today between a downtrend resistance and a rising support. It chose to rally with the banks' earning season coming up. That's what caused the ES to pop up in the afternoon.

Itsallsotiresome Updated 

NQ tried to poke above the top of my channel and got hammered back down. It's playing around in my sell zone right now. Today needs to close below 10560 in order to continue the 2000-2002 recession pattern. If that plays out, then the next big move should be a pullback down to my buy zone near the bottom of the channel. That said, I am waiting to see how today...

Itsallsotiresome

This is the NQ at the 4 hour view since the rally began in March. The solid red/orange/blue lines are historical supports and resistances from 2001-2018. The dotted and dashed lines are the current upward channel that the NQ has been in since April. As you may see, the NQ was stopped by a historical resistance and the top of my channel. My trading strategy is...

Itsallsotiresome

Here are how the historical resistances and supports affect to today's market. This is the NQ at the 4 hour.

Itsallsotiresome

These were a b**** and a half to find. However, I found the historical supports and resistances that come into play in the NQ.

Itsallsotiresome Updated 

This is the NQ at the hourly. NQ poked right above the top of my channel again and got hammered back down into the channel. 10530 is important today. If the NQ closes below that number today, then it will follow the footsteps of 2001. My outlook is still bullish short-term. My strategy remains largely the same. Bigger long positions at my buy zone below. Small...

Itsallsotiresome

10 Year Bonds are the centerpiece of the financial industry. It's going to make a big decision soon next month. If it rallies, then the banks stocks will have an astronomical rally. That will sustain the rally for the NASDAQ and the SP500. If it goes under, then we may relive 2000-2002 all over again. If the 10 Year Bonds fall, the financial sector will fall. As a...

Itsallsotiresome

Gold miners are on an uptrend, but met some resistance. GDX is about to make a decision in the next 1-2 trading days. I'll wait for that decision from there. I plan on longing GDX if it keeps its uptrend support.

Itsallsotiresome

RTY has been operating in channels for the past 4 months. Red line is the top of the channel. Green line is the bottom of the channel. It definitely works for swing trading or scalping.

Itsallsotiresome

Here is how the historical supports and resistances are play out today. They were very useful when swing trading.

Itsallsotiresome

The ES' historical supports and resistances stemming from the 2008 Recession. The ghost of 2008 is now haunting 2020. Pink/red lines are the resistances today. Blue lines are the supports. Whoever can learn from the past could forge a better future.

Itsallsotiresome

This is the NQ at the 4 hour view. Dashed lines are my regular buy or sell zones. Solid red/green lines are the top and bottom of the channel. My strategy is simple. Buy at the bottom of the channel with TQQQ . Sell when it reaches my red zone. It depends on the price action at the time - which is why it's a zone. The NQ poked above the top of my channel and then...

Itsallsotiresome

This is the upward channel that the NQ has been in for 3 months now.