Sneaky new buyers today on NASDAQ $NQ futures
watch for a rally to break higher into the range here,
possible to 600 again on $NQ
stop is 12290 with .5 total positional risk allocation; add 12375 if possible under the risk allocation
20 day peak already shown
10 day bottoming or bottomed (this trade needs it to have already bottomed, so no new overnight or NY open lows… significant transaction risk as this trade aims to capture a 5 and probable 10 day VTL cross to the upside very quickly, Experience has shown to get in as early as possible.
20 week FLD support below $NQ
AAPL 0.00 filled or is filling its daily bar gap
If it fails, UVXY 0.00 will move higher
It will probably fail after a significant rise in prices tomorrow and possibly Thursday
then it will fail
The market has to test whether there is still significant buying here at 12500 before dumping below 12000 into next week
The market will probably go into a deep selloff later in September
the 40 day cycle should bottom next week… furthering the idea of using shorts but not today or tomorrow
too many were short at the end of the day, and the overnight is pressing that. They will have to cover possibly causing a rally at the open of a significant strength very quickly. If it is seen, it should be followed for continued covering much higher
alot of people will be surprised by a large 100 point up move on #SP500 futures
*not financial advice
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1418 cst be glad this one is over
1159 cst the market could move down then up in one day if there is a sudden news event. this would probably signal a 10 day rally. But i dont think that is going to happen. more likely up then down and another failure to the 80 day cycle projection tomorrow and Friday. that would be ideal. so be patient. i guess waiting on news is the play.