There were a total of 250-270 points of NQ scalps after the Iran missile strikes going long. If you held the first contract long on the swing trade (1st trade in the direction of the new trend is always the swing trade, marked by a fat arrow) you would have gained another 270 points.
Nice bottom on Month Camarilla (CAM) S4. I am actively looking for longs after this inverse H/S break with a weak right shoulder. The first target would be Month CAM R3, then Month CAM R4.
Each year there is a high value trade that forms after the final Q4 FOMC. Today we have seen big 1 million + blocks on $FCX. I believe a follow up move is coming for gold for the strongest time of the year to FEB. Stock Blocks $FCX 1,463,000 13.10
I call these types of patterns "S-Curves" and they are similar to AB = CD movements. The pattern usually ends how it began, with a violent bottom replicated as a violent top. The next FOMC is not until DEC 11, and DEC 12 is the next "promise" of when the FED will decide not to engage in any more overnight repo operations to the tune of $80-$120 Billion / day.
This is the time where we have a relative top in the markets. We have had remarkable correlation with the 10 year seasonal profile for $DJI. I only expect a minor pullback for 1-2 weeks as shown in the picture below, before accelerating again into the new year.
I introduce two oscillators that show: Average (SMA or EMA) variance / standard deviation for the seasonality profile Projected variance / standard deviation 1 year into the future Average (SMA or EMA) performance for each day of the seasonality profile Projected performance for each day of the seasonality profile
I am pleased to introduce this new and powerful script. Listen along and find out why!
Seasonality may be showing a temporary top as we close the month of October. We broke the key trendline/pitchfork today beneath all of the FOMC related volume. I expected continued selling into next week.
What's next at these new ATHs? I am leaning toward a pullback near the Wave 4 location. I am not a big elliot wave subscriber, but I do recognize impulses and harmonic AB=CD patterns as having authority (they are "hard" to create). This new high seems like a wave 5 bearish divergence to me, but we must pay attention to the NYSE Accumulation/Distribution and...
Busted high sloped pitchfork rail. $SPY $VXX $IWM $QQQ $AAPL $MMM
Continuing on trade ideas from video 2 for Renko Dynamic Index and Renko Dynamic Index Zones using a few simple rules. Other indicators powered by the Renko Engine : Renko RSI Renko Trend Momentum Renko Weis/Ord Wave Volume Renko MACD and Renko MACD Overlay Strategies: RSI-RENKO DIVINE™ Strategy
I start getting into how I trade the Renko Dynamic Index and Renko Dynamic Index Zones using a few simple rules. I introduce some new coloring schemes and trade direction discovery algorithms. Other indicators powered by the Renko Engine : Renko RSI Renko Trend Momentum Renko Weis/Ord Wave Volume Renko MACD and Renko MACD Overlay Strategies: ...
I introduce the Renko Dynamic Index and Renko Dynamic Index Zones indicators. Other indicators powered by the Renko Engine: Renko RSI Renko Trend Momentum Renko Weis/Ord Wave Volume Renko MACD and Renko MACD Overlay Strategies: RSI-RENKO DIVINE Strategy
This is a classic setup using Camarilla pivots. Year CAM R3 backtest after hitting R4. The target is always another retest of R4.
Big bounce and nice follow through, a huge V bottom on H4. Looks sustainable.
The 2 year yield is dropping fast and the FED is forced to follow. We have a 100% probability of a September rate cut. $TLT $IEF $SPY $GLD $SLV $GDX $QQQ $IAU
Nice (potential) bottom on Week Camarilla S4 and Month Camarilla S3 early in the month. Looking for a retracement to last week's close on Friday by the end of this week.
I introduce the Renko MACD and Renko MACD Trend indicators. Other indicators powered by the Renko Engine: Renko RSI Renko Trend Momentum Renko Weis/Ord Wave Volume Strategies: RSI-RENKO DIVINE Strategy