So we captured 14050 on the $E-mini NASDAQ 100 Futures(JUN4)...
So we captured 14050 on the $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ and 4428 on the $E-mini S&P 500 Futures(JUN4)(ESmain.US$. Both levels were bullish levels and if the bulls capture it and holds it, shorts were going to start covering.
The next level will be 14260 on the $NASDAQ 100 Index(.NDX.US$ futures and 4460 on the $S&P 500 Index(.SPX.US$ futures.
As long the 4428 and 14050 holds, the next level at 14260 and 4460 will be retested and broken. This will initiate another short cover rally further pushing the index up towards the 14450 and 4500 level before we face another serious resistance.
Let's see how it fares and whether the bulls or bears are in control. So far weekly pivot has been captured by bulls but we had poor $Netflix(NFLX.US$ earnings and $Tesla(TSLA.US$ earnings coming out later. how will that affect the market?
Netflix weightage is only 1.2% in $Invesco QQQ Trust(QQQ.US$ but Tesla is over 4.8% or 4X the weightage. So tsla earnings will definitely be more important.
Stocks tagged also have their technical analysis done in the video!
As always trade safe and invest wise!
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dwarrior : Pre market is crazy… suddenly shoots up
Imranm20 : good news
dwarrior : Haven’t load enough it shoots up
bwjx Imranm20: what is the good news about? Tesla earnings?
Investing 101OP : it's oversold. even Netflix bad earnings seems to be in the wind for now. nobody cares. everyone focus is on Tesla earnings. they front run Netflix earnings by buying it up. it's Tesla turn today. index should retest 14300
Investing 101OP dwarrior: lol. that's why we loaded and have not taken profits. we only just started yesterday. there are positional trades and also intraday trades.
dwarrior Investing 101OP: Slowly slow add.
Investing 101OP dwarrior: not recommended to add now if you missed the boat. there are some signs I warned my guys. this rally might not be as strong as I initially thought it would be. there is still upside. but my expectations has been significantly reduced for now until I see VIX break 19.90
dwarrior : Ok. Thank you for the advise
VogueHereIAm : Yes, love the VIX. Be ready for a big surprise! I go prep honey again for the bears.
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