Another update quicky
Overall, I don't want to buy anything here. I'm also big bearish overall.
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US)$
there are the levels. the NQ is building a triangle. below 14906 and look for more downside. above 15030 and look for more upside.
$Invesco QQQ Trust(QQQ.US)$
358.5 is the lower support for today with the high target today of 365. 361 keeps price within the triangle.
$E-micro Gold Futures(JUN4)(MGCmain.US)$
Yields up = Metals down. and yield...

A super quick update.
Bad things approach.
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US)$
I look for a push towards 15,550 which was the consolidation level you can see with the 2 bars at the very left of the chart. At that point I expect down. Price could swing wildly tomorrow at FOMC rate decision and then the FED statements and then Powells press conference. That's a lot of opportunities for the market to collect your money. After the FOMC business is the "Continuing Resolution" ...

Since the Nasdaq Composite Index peaked on July 19, everything has only been distributed... I call it the “distribution dominance tape.” In my experience, when few stocks are constructively established, few are performing well from breakout levels, and the index is heavily distributed (distribution dominates tape), you never want to risk too much money in this environment until you see a shift towards certain stocks. Personal settings accumulate and evidence of better action. For low-risk traders who use a relatively strict stop loss, the market doesn't have to fall too much to cause losses. Market fluctuations and market washings surrounding buying points are the most dangerous. Volatility is on the rise. If the sell-off accelerates, look for potential market lows when the VIX index doubles from its recent low (i.e. around 26). -Mark.Minervini (25/08/2023 update)
The high volatility of the market continued this week, and the deceptive shocks continued. Overall trading volume declined compared to last week (excluding NDX). Next, let's review the specific behavior of the major indices on the days when trading volume increased this week:
$S&P 500 Index(.SPX.US)$ There was a slight increase in trading volume on Wednesday (below average). Prices opened higher, which was interpreted as a rebound; on Thursday, trading volume increased, and prices went sharply higher and lower, interpreted as distribution.
$NASDAQ 100 Index(.NDX.US)$ Week...

“市场能够而且将会摧毁任何忽视风险和危险的人。”-M.M
在分析本周市场之前，我想提起一个长期被遗忘的结构图表：2B结构。这种结构在每日图表上形成之前平均有7-14周（35-70天）的 上升/下降趋势（下降趋势略少，少量动能个股例外），由于这种结构对比于常规结构 ，它对于一般交易者的欺骗性更高，所以使用起来成功率会非常高，缺口处以 前高 或者下方蜡烛顶点为临界线，图中标注的买入/卖出的第一根蜡烛基本一定会是交易量增加。
下面我们举例来看一下7大科技股票中的5只: $Apple(AAPL.US)$ $Microsoft(MSFT.US)$ $NVIDIA(NVDA.US)$ $Meta Platforms(META.US)$ $Tesla(TSLA.US)$ ,它们全部都是由这种结构开始了转势运行，对于市场的影响不言而喻（不建议盲目抄底，7-14周上升趋势后的调整 中 ，50EMA多数都无法守住，建议利用2B结构和每周图表在交易量增加的情况下站上10EMA为寻找交易的机会）
让我们回到大盘图表 $NASDAQ 100 Index(.NDX.US)$ $S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Dow Jones Industrial Average(.DJI.US)$ ，首先必须自我承认...

“The secret to successful trading is to make sustainable profits. When sustainable profits are strung together, there is a great return in the end. This is done through tactics and wisdom, not by taking too many risks and gambling through too large positions, because in that case, a huge loss may make your account unrecoverable.” -M.M
The first is a screenshot of positions held after closing on Friday this week. Apart from a small number of intraday trades, only one-on-one trades (selling DKNG) were carried out this week. The few buying transactions since July 19 have all stop-loss sales. When the trades start not working, you need to reduce the number of trades; conversely, when they start to gradually work, you need to gradually increase your position to the maximum.
$DraftKings(DKNG.US)$ Two breakthroughs failed, another stop-loss clearance and exit, and was sold off after Friday's earnings report opened high. The typical “Sell the news”, as one of the market leaders, seems to be conveying something 🤔️
$Super Micro Computer(SMCI.US)$ This week went against the current trend again. The sharp rise on Friday was accompanied by an increase in trading volume (AAPL fell sharply on the same day), but it seems that on Friday afternoon, there was some disagreement between reducing positions before earnings reports and increasing positions due to insufficient positions (buyers were slightly stronger than sellers for the time being). The August 8 after-hours earnings report will once again test this AI leader (before the last earnings report - the end of April, it was disclosed in advance, and there was a lot of shock...