$E-mini NASDAQ 100 Futures(JUN4) (NQmain.US)$$ProShares Ultr...
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$ $Invesco QQQ Trust(QQQ.US$ $NASDAQ 100 Index(.NDX.US$
As mentioned yesterday, NDX will have to break 16450 otherwise we were going to head down to retest 15700 and possibly even 15500. If we break the 15500 lows, we may see 15200-15300 in play.
As mentioned yesterday, NDX will have to break 16450 otherwise we were going to head down to retest 15700 and possibly even 15500. If we break the 15500 lows, we may see 15200-15300 in play.
We did tried breaking it during pre market and failed. Which was a good signal to open a short position. I closed out my longs from 15800 the day before and initiated short positions and covered at 16020.
We may see NDX retracing up to 16125 today but that is not a bullish sign. It might be just a pullback before heading down to break 15700s to retest 15500 again.
Take note it is quadruple witching day today and the stock market is going to be extremely volatile. If you do not know what you are doing it is better to stay out of it and wait till next week.
As always trade safe and invest wise!
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Digitanium : What’s the value of your analysis? It’s like saying if AAPL were to rise, it must break 180$, if it falls it may drop to 170$ or even lower.
Investing 101OP Digitanium: Support and resistance levels. If it doesn't break resistance, means rejection at resistance will push it down to support. If it holds at support, it will have a chance to push up and break resistance.
Investing 101OP Digitanium: Because I can't give live updates so I give support and resistance levels so you know what to look out for should the price hits certain points
KongWeePeh Digitanium: BOLL is good for predicting all the break point. You just have to familer with chart and all the time interval. It is quite accurate. Add a few strength indicator to increase your judgement.
Investing 101OP KongWeePeh: BBand can act as a support. But more often to use as a signal when price falls out or rallies past the SD2. which means will likely pullback in. Also used for squeezes and expansion to spot next volatile movement.