headed into NFP friday. Reaction zones here to watch for. Im really not worried about the number changing my bearish HTF bias right now. Good payroll gives the fed confidence to start tapering which should lead to some more downside and im expecting a good number tomorrow maybe even beating forecast. Trade carefully.
KILLING these nas levels. wait for next weeks review...telegram themarketflows
What a rebound by the S&P. Check my analysis. Sniper on this lately.
S&P had really good fundamental news today with Margins increasing by 13%. The sell off comes all the way down to seek liquidity at a Gap i had marked for some time now. This gap provided a fantastic rejection zone and im expecting a rebound. looking for a rebound to the 50% level and really hoping to get to the 4600 61% area.
NAS100 took a nice dive today plowing through zones and levels. we got a few nice reactions form a couple key areas but nothing substantial. Before daily close we pierced through the 88% level and tapped the 14800 zone and had a proper rejection. This was a very aggressive sell off and looking for a rebound headed into the fomc meeting where data will reveal...
NAS100 pushed down premarket into reaction zone. ready to take a risk on a long position.
S&P500 had another nice day of price action but still no direction. Tested the lows early and tested the highs late. Selling the rallies and buying the dips until a direction is revealed.
NAS100 started the day with downward pressure but hit a nice pocket of liquidity and had a nice late in the day rally. once again NAS pierced previous day high but failed to close above. This leads me to believe this will remain rangebound so for now Im interested in shorting the highs and buying the dips until further notice.
As SPX has been leading the way this week, today was no different. Starting off with some downward pressure seaking liquidity it found some @61.8 level and gave a really nice reaction pushing towards the previous 2 day highs but not closing above. this leads me to believe were going into a bit of a range so im looking for this rally to be short lived and...
On wednesday NAS100 was applying pressure to the downside and looked like a break down was on the way but good fundamental news and SPX finding support @61.8 level gave it the boost it needed. Closing near previous 2 day high but not closing above leads me to believe there's some more possible downside. with retail sales data and the michigan report on friday...
Nas100 is trailing a bit behind the S&P 500 inthe bearish momentum...Is the market waiting on the sept 22nd rate decision or is it waiting for the spx the reach buy side liquidity before it starts building momentum to the upside again. We got a nice reaction to the 15350 zone 38% level but were kind of treading water near the zone right now. I would really love...
S&P some beautiful price action today leading to more downside as predicted. could get a decent reaction @4430/61.8 level. im stilll very interested in the 4420 reaction but big focus on the 4400 in between the 79-88% levels.
S&P as predicted gave some pre market push up before some strong downward force to fill the gap to perfection and giving a beautiful reaction to the 4450 zone 50% level. Im still bearish for the moment looking at the 4420 zone 70% level but main focus is on the 4400-4375 area with the 79%and88% levels where ill be looking for a structured momentum switch.
Got a nice short opportunity as predicted into the 15350 zone 38% level where we got a nice reaction and another short term long opportunity for a quick in an out. With big inflation data coming Tuesday Sept 15 i'm NOT VERY CONVINCED that there's not more downside to come. some nice volatility and ill be looking at the 15100 zone 61.8 level as my next area for a...
S&P with a very strong push into the 4450 zone 50% level as predicted. The GAP was not filled so Monday early Price action will be important to determine further downside early then a move up or will it retrace up the downward leg then push down to fill the GAP. Only time will tell. DONT assume play the action. Let the market talk to you first...
As the S&P starts to search for liquidity before it can head higher again ill be very interested in the reaction to the 4450 zone with the 50% level accompanied by a GAP. Also interest in the 4420 zone with the 79% level.
NAS100 starting to look like some downward pressure is coming. Will be looking at 15500 level for its reaction and possible further downside. very interested in the reaction to the 15350 zone accompanied by the 38% level. If we get a nice reaction there and still close below 15400 I think we will see further downside to the 15100 zone/61.8%.
After NAS100 extension it paused and retraced a bit but not closing below the 23%mark. thus not a consolidation but more of a price pause continuation. After another extension the fibs have been adjusted and more liquidity zones have been created that future price might be attracted to. if we pause and start to retrace the 15400.00 level will be an area to watch...