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Tough market I take it the down trend is still in play after a few pops along the way?
elliot wave
says today will be different and they will try to get you
to trade yesterday
SO after the big H you are looking for pullback
3 fakeouts then small pullback
https://stockcharts.com/c-sc/sc?s=QQQ&p=5&yr=0&mn=0&dy=2&i=p05535525510&a=581301232&r=1587243722704
Back from lunch and see I got stopped out of that one...oh well still had a good day.
in transit
so have not turned them on
they want to trade every 5 mins
not to my way of thinking
What are topstep traders doing today?
Market looks weak back in small spy put position
spy60
five waves down
then abc counter move up
now back to 5 waves down
this is called a zigzag
the counter move took too long and too impulsive to be a wave 4
https://stockcharts.com/c-sc/sc?s=SPY&p=60&yr=0&mn=1&dy=14&i=p46857756371&a=234724271&r=1593092184058
They put it in chop mode
Have not went back in yet looks like it is stalling
bottom held
inside day 2
https://schrts.co/PxtepTYd
158k vs 111k
created the big h
abcd likely
Looks like you are right
fixing the car day done
the script today (does not have to do this but more likely)
rally to fib .50
Thanks looks like Bull's are having a turn
Congratulations, this is tuff market, I sold open nvda tsla,
Buy back nvda, sold now 8 points gain
In spy 497p @ .55 out .79 another scalp
In spy 499p @.57 out .74 quick scalp
Green this morning may get a put set up
This looks like it’ll wipe the sell out by tomorrow morning. Expecting NQ to trade 790+ now
Bears did nothing late day. Just a huge balance to go higher(clearing shorts)
2 things
day after fed often the opposite
Elliot wave says each day will be a bit different
today there was no real ATH bounce even though
shorts were trapped at prices to be punished
so tonight ATH rally.
I expect tomorrow to be different then today
But this is all short term traders moving the market when they want to
Thanks for information..
Fed day have to be patient to trade..
What I did today when nvda was 814 I got this week 800c and next week 800c. When nvda was 850 I short nvda 840c..
I trade 30m rsi indicator... trend line
part 2
inventory is again too short
but value is right here
so not short in the hole
short term algos are mechanical so stopped exactly at todays lows.
fed days are tricky and can take a day or 2 to play out
but still find where to short
higher prices rejected
so we are heading to the bottom of the range
down on good candle and volume
slammed off the 20da ma UGH
BAD
it gets worse
dollar down, tnx down
so market should have been UP
https://schrts.co/TuJyiXHF
So what your call tomorrow? Up or down open?
Bought Spy puts at .26 sold at .74
Looking like sell into close
things to look at
first is it a good location
AT LOW YES
2nd the pattern is
rectangle
enter the rectangle
going below it
ITS NOT A LONG ANYMORE
going above it long till
Yeah just took the pump money and run
could not make a new low
tested 4 times
fed is meaningless nothing new
Zoom right now....wow sold calls 80% quick
rally into single prints
fed is kinda of hawkish
but the market is rallying on the news
Up spx 50 or down 50.
Market is not bad because of semiconductor down.
Nvda can bring spx green...
Let see what brings..
Yeah will see what Powell says
a nothing burger day
they already announced today no rate cuts till inflation down
nothing to trade on
Joking about that almost looking like a rally set up now
Dollar keeps keeps holding the trend line up.....may call the National enquirer and see what they think.......lol...they are wrong every time
inventory is too short
if the fed is dovish rally
wonder if we just do not move much
fed notes say no rate cut till inflation dies
Market in chop mode right now on the edge I am still out
If fed said rate cut this year market up or down?
there will be some move
but is there much the market does not know
only if a surprise comes
no rate cut is know till later in the year
the fed does not feel pressured
so the market is repricing assets lower
and trickling down
script
overlap and sell
inventory did not adjust up like it should have
es
excess low negated
but pre market poor low
no signs yet
I am off work and cannot watch the computer all day so may wait till 2pm and see what happens.
ACH?Automated clearing house?
many pros do not play fed day
i have no position.
ach today
anything can happen
Futures are deep red right now may open a small spy call position at open are you in? no guts no glory?
Is Fed rally today? Every fed day big rally...
tim ord still bullish
tim tom saying if selloff before FED likely rally
will the liquidation break zoom the market up
well eod both nq es had excess lows indicating auction down maybe done
as long as the excess low is not repaired
Some of that wall street AI
when good news does not lift a market
just like bad news does tank a market
this is telling
the highs with no volume is a huge tell
Spy still selling in AH
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MARKET PROFILE SIMPLIFIED
Part 1
Definition and how corrections or rallies begin and end.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130503160
Part 2 (next week)
Using the value area and market structure
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130554403
Part 3 (next week)
Market profile nuance tips that help you stay objective
and avoid over shorting.
nuance the open
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130623420
part b
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130714004
Part 4 (coming soon)
When market profile becomes confusing. what to use and forget.
Part 5 complex market profile videos (dalton)
market profile structure
https://www.youtube.com/watch?v=3LvDyvBu2Ko&feature=youtu.be
scalping
https://www.youtube.com/watch?v=QxkBrzUA8rk&feature=youtu.be
LINKS TO LIVE CHARTS
LINK TO WEEKLY CHARTS
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116433575
LINK TO DAVE LAREW CHARTS ON STOCKCHART DAVE HAS SOME GREAT CHARTS
http://stockcharts.com/public/3421479
DAVE LAREW EXPIRATION WEEK AND WINDOW DRESS AND MONDAYS
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130712606
LINK TO SMARTTRADER CHARTS
http://stockcharts.com/public/1226273
POMO
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117100300
live charts (intraday), daily weekly, monthly in the stickies
60 min double BB
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80077334
60 min (replaces BT60 now don60)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121720881
15 min BB
http://stockcharts.com/c-sc/sc?s=$SPX&p=15&b=8&g=0&i=p45694053345&A=109653890&r=
5 MIN BB
http://stockcharts.com/c-sc/sc?s=$SPX&p=5&b=9&g=0&i=p14689420949&a=274626311&r=
*******************************************************************************************************************************************************************************************
EW diagram
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117100423
simple ew rules
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117456064
daneric EW chart/blog decent ew charts
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117100607
pretzels ew
http://www.pretzelcharts.com/
bulkowski blog great education
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117100648
stockchart education
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117100666
Richard Wckoff education
tim ord wyckoff analyst
stockcharts newsletters for 16 years great education
http://stockcharts.com/newsletter/
http://www.shadowtrader.net/
click on this link and then blog to get daily market profile view
shadow trader glossary (a must read)
http://www.shadowtrader.net/glossary/
F. E. W. L.
FIBONACCI ELLIOT WAVE LEVELS
KEYPOINTS OF VIDEO
1-WHEN IS THE TRADE NO LONGER VALID
2- GO AFTER WAVE 1 AND WAVE 3 PROFITS, TRADE S/B VERY SMOOTH
3- LEAVE CRUMBS FOR THE OTHER GUY
FINVIZ
http://finviz.com/quote.ashx?t=SYNA
Common stock fundamental analysis
yahoo finance (setup for aapl, rekey stock symbol)
http://finance.yahoo.com/q?s=aapl&ql=1
trader71 videos
how the market works and stats
https://www.youtube.com/watch?v=iAt4YtiY-WA
*******************************************************************************************************************************************************************************************
ECO INFO
earnings calendar
https://finance.yahoo.com/calendar/earnings?from=2022-01-30&to=2022-02-05&day=2022-02-04
world eco
CONSTRUCTION STOPPED HERE
Bear Markets
http://www.nbcnews.com/id/37740147/ns/business-stocks_and_economy/t/historic-bear-markets/#.V1K3rFUrKUk
PPT
is now the federal reserve and it is real. in the past the federal reserve had much more limited power.
Quarterly spy dividend dates
http://sixfigureinvesting.com/2010/01/next-spy-ex-dividend-date-19-march-2010/
OIL
API RELEASED TUES 430PM TUESDAY
weekly crude inventory 1030am wednesday
World stock hours and map
http://www.worldtimezone.com/markets24.php
Hong Kong 930pm
Shanghai 915pm
DAX 3:30am close 2pm
KURTZ, James Monroe (Jim) 65, of Miamisburg passed away Wednesday, November 28, 2012 in Yucaipa, California due to complications from Pulmonary Disease. Born September 25, 1947 to James H. and Mary Kurtz of Miamisburg, Jim graduated from Chaminade High School in 1965 and retired from General Motors Harrison Radiator plant in Moraine. Jim loved to work with his hands and was blessed with a sharp mind, a deep laugh, and an infinite ability to always put his friends and family first in his life. He is survived by his wife and childhood friend, Jan Grissom, sister Becky Piela, and children Trish, Jerid, and Skylar Kurtz. An open house memorial will be held this Sunday, December 9, 2012 between 2 to 5 pm at a family home located at 7384 Mad River Road, Dayton, Ohio 45459. In lieu of flowers, donations may be made to the American Cancer Society .
- See more at: http://www.legacy.com/obituaries/dayton/obituary.aspx?pid=161510276#sthash.HRnkqxpj.dpuf
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