elzzz
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A quick update, here we go
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$
We had a good pullback overnight. PMI gets released shortly after open, It should act as a reason to move. I expect up 15300-15350. Downside support is 15000. Below 14960 and prepare to get more bearish.
$Invesco QQQ Trust(QQQ.US$
Similarly, I expect to finish the move up. Today, I think we hit the 368, maybe 369. Then I would exit. Support is 360, and 359 below 359 get bearish to 355. The 200MA at 362 ne...
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$
We had a good pullback overnight. PMI gets released shortly after open, It should act as a reason to move. I expect up 15300-15350. Downside support is 15000. Below 14960 and prepare to get more bearish.
$Invesco QQQ Trust(QQQ.US$
Similarly, I expect to finish the move up. Today, I think we hit the 368, maybe 369. Then I would exit. Support is 360, and 359 below 359 get bearish to 355. The 200MA at 362 ne...
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elzzz
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MELT UP!!!
It's a melt up. Don't worry about news or valuations or fundamentals or anything else. This is a melt up. I warned this was a possibility. This is going to go up until it's done. When is it done? when the MACD divergences form on the 1 hr and daily (the daily requires a day of selling, so it will be delayed but more accurate)
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$
This has taken off and left 5 days' worth of gaps. Gaps get closed. When this turns, it is goin...
It's a melt up. Don't worry about news or valuations or fundamentals or anything else. This is a melt up. I warned this was a possibility. This is going to go up until it's done. When is it done? when the MACD divergences form on the 1 hr and daily (the daily requires a day of selling, so it will be delayed but more accurate)
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$
This has taken off and left 5 days' worth of gaps. Gaps get closed. When this turns, it is goin...
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elzzz
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- REGULATORS -
I only wish they were that good. or honest. or loyal. or anything that would resemble an empathetic human emotion... instead, we get this:
That leads to this:
Meanwhile iam does this:
Which leads us to where we are now:
Everything is expensive, and the cost to live keeps going up. Inflation is NOT under control. Banks are sick. They have gotten used to easy money (QE), which led them to make poor returning investments, and now that is coming home to roost. Their A...
I only wish they were that good. or honest. or loyal. or anything that would resemble an empathetic human emotion... instead, we get this:
That leads to this:
Meanwhile iam does this:
Which leads us to where we are now:
Everything is expensive, and the cost to live keeps going up. Inflation is NOT under control. Banks are sick. They have gotten used to easy money (QE), which led them to make poor returning investments, and now that is coming home to roost. Their A...
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elzzz
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Today will be Wednesday, and the basketball 🏀 games start tomorrow. Go CATS!!! and then off to Friday's games. Go DOGS!!! ... 🤫 ... 🥲 ... the markets may be down at least 25 points by then (QQQ).
awe, I'd hoped that gif was larger.![]()
Anyway, i only have GOOD news for people who love ❤️ the BAD news.... It's cracking. Here is something important : There is no FED pivot. Powell has said they can not stop raising rates when cracks appear. He has also said (rightly so) that the mi...
awe, I'd hoped that gif was larger.
Anyway, i only have GOOD news for people who love ❤️ the BAD news.... It's cracking. Here is something important : There is no FED pivot. Powell has said they can not stop raising rates when cracks appear. He has also said (rightly so) that the mi...
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elzzz
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I'm traveling, so these are most likely going to be quick posts. CPI and Cinese manufacturing numbers come out. I don't know what the Chinese numbers will be, but I expect them to move commodities either way, so I will be watching those. Now, US CPI numbers will be huge. We are at a crossroads
we are at a point in the market where price can go either way. Long term, here is the problem for the FED
They are trapped. They either STOP quantitative tightening and turn the printers ba...
we are at a point in the market where price can go either way. Long term, here is the problem for the FED
They are trapped. They either STOP quantitative tightening and turn the printers ba...
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elzzz
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- Well, it's finally here -
NO, not THAT 🧨😄🧨
- THIS -
Yes indeed. Time for me to forget about trading and go Root for my Cats & Dogs.
I will be away from my trading room. Odds are I will be checking updates intermittently on my phone. This is my one time of the year I allow myself to relax. When I worked, this was when I took time off, when I traveled for fun, this is when and where i traveled. I'll see many...
NO, not THAT 🧨😄🧨
- THIS -
Yes indeed. Time for me to forget about trading and go Root for my Cats & Dogs.
I will be away from my trading room. Odds are I will be checking updates intermittently on my phone. This is my one time of the year I allow myself to relax. When I worked, this was when I took time off, when I traveled for fun, this is when and where i traveled. I'll see many...
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elzzz
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A quick post a day before jobs release. Jobs release tomorrow an hour before open. That will send the market, but until then, today should be consolidation.
Where we are currently - The price is under the mid bollinger the 50MA & 18MA, it has a negative MACD and the SLOW KD might cross over. There is also a small divergence forming.
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$
3 ways this can go.
BULLISH - we need to break 12450 and push higher. The target if price can set up ...
Where we are currently - The price is under the mid bollinger the 50MA & 18MA, it has a negative MACD and the SLOW KD might cross over. There is also a small divergence forming.
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$
3 ways this can go.
BULLISH - we need to break 12450 and push higher. The target if price can set up ...
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elzzz
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The moment has arrived. The truth will be told (by the Market, not the government or tv). The direction will be chosen, and the real battle will begin. Not today, but soon. Lots of data is to be released this week... The post has lots of memes, I use them as markers or reminders of what to chart on my post, so there is going to be lots of pics![]()
The bears have taken control of the market. They relented be...
The bears have taken control of the market. They relented be...
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elzzz
liked
A new month, a new direction?
$Invesco QQQ Trust(QQQ.US$ Closing the month with that candle is UGLY, but that doesn't necessarily mean we go down right away.
apologies, but this will be quick, I broke my thumb, and it is difficult to type![]()
i know, iam physically a wreck lately.![]()
PMI data is released an hour before open. *****correction, news is released half an hour after open***** This will determine direction. iam not even going to guess on a reading. Never underestimate the g...
$Invesco QQQ Trust(QQQ.US$ Closing the month with that candle is UGLY, but that doesn't necessarily mean we go down right away.
apologies, but this will be quick, I broke my thumb, and it is difficult to type
PMI data is released an hour before open. *****correction, news is released half an hour after open***** This will determine direction. iam not even going to guess on a reading. Never underestimate the g...
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elzzz
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Are we moving on UP?
I believe so. But first, a little information about money and how it relates to the markets. First off, understand whenever anyone talks about "money" or "cash" they are speaking of FIAT - Fiat money is a type of currency that is not backed by a commodity, such as gold or silver. It is typically designated by the issuing government to be legal tender - It's not real, it's only good as long as the government says it's good, but here's the catch IT HAS NO GUARANTE...
I believe so. But first, a little information about money and how it relates to the markets. First off, understand whenever anyone talks about "money" or "cash" they are speaking of FIAT - Fiat money is a type of currency that is not backed by a commodity, such as gold or silver. It is typically designated by the issuing government to be legal tender - It's not real, it's only good as long as the government says it's good, but here's the catch IT HAS NO GUARANTE...
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