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IWM Weekly:
Fibs derived from November 2021 ath to October 2023 low
Big rip followed by hard rejection of the $224.92 23.6% fib.
$212.83 38.2% fib. is a major bull/bear pivot
Live annotated charts, trade ideas, & trades in the best free trading chat room on the web
NG
9K Tick:
Heavy pro action = white candles
Exhaustion selling = yellow dot @ bottom
Bullish divergence = green dot @ bottom
Noted price action marked with timestamped lines
Pros triggered exhaustion selling 7/15 then bullish divergence in their $2 defense 7/17
$2.134 7/18 pro high recapture & build is a big face ripper oversold technical bounce threat
Live annotated charts, trade ideas, & trades in the best free trading chat room on the web
NG
9K Tick:
Heavy pro action = white candles
Exhaustion selling = yellow dot @ bottom
Bullish divergence = green dot @ bottom
Noted price action marked with timestamped lines
Pros triggered exhaustion selling 7/15 then bullish divergence in their $2 defense 7/17
$2.134 7/18 pro high recapture & build is a big face ripper oversold technical bounce threat
Live annotated charts, trade ideas, & trades in the best free trading chat room on the web
QQQ Daily:
Heavy pockets of retail long chasing = yellow candles with "R" above
Trap door threats = lows of yellow candles with "R" above
Noted price action marked with timestamped lines
Retail chasing aths since 5/15 made each of the yellow candles with "R" above a trap door threat
Over half a dozen trap doors activated this week
The next big trap door threat is the $462.03 6/11 low
Started building a short swing with SQQQ $10 8/16 calls @ .21 avg.
Live annotated charts, trade ideas, & trades in the best free trading chat room on the web
NG
9K Tick:
Heavy pro action = white candles
Exhaustion selling = yellow dot @ bottom
Bullish divergence = green dot @ bottom
Noted price action marked with timestamped lines
Pros triggered exhaustion selling 7/15 then bullish divergence in their $2 defense 7/17
$2.134 7/18 pro high recapture & build is a big face ripper oversold technical bounce threat
Live annotated charts, trade ideas, & trades in the best free trading chat room on the web
NG
9K Tick:
Heavy pro action = white candles
Exhaustion selling = yellow dot @ bottom
Bullish divergence = green dot @ bottom
Noted price action marked with timestamped lines
Pros triggered exhaustion selling 7/15 then bullish divergence in their $2 defense 7/17
$2.134 7/18 pro high recapture & build is a big face ripper oversold technical bounce threat
SPY Daily:
Heavy pockets of retail long chasing = yellow candles with "R" above
Trap door threats = lows of yellow candles with "R" above
Noted price action marked with timestamped lines
Retail chasing aths since 5/15
8 trap doors activated this week
Yesterday SPY narrowly avoided the ninth, the $548.65 7/3 low
Another big trap door threat looms underneath, the $524.72 5/23 low
Live annotated charts, trade ideas, & trades in the best free trading chat room on the web
SPY Daily:
Heavy pockets of retail long chasing = yellow candles with "R" above
Trap door threats = lows of yellow candles with "R" above
Noted price action marked with timestamped lines
Retail chasing aths since 5/15
8 trap doors activated this week
Yesterday SPY narrowly avoided the ninth, the $548.65 7/3 low
Another big trap door threat looms underneath, the $524.72 5/23 low
Live annotated charts, trade ideas, & trades in the best free trading chat room on the web
SPY Daily:
Heavy pockets of retail long chasing = yellow candles with "R" above
Trap door threats = lows of yellow candles with "R" above
Noted price action marked with timestamped lines
Retail chasing aths since 5/15
8 trap doors activated this week
Yesterday SPY narrowly avoided the ninth, the $548.65 7/3 low
Another big trap door threat looms underneath, the $524.72 5/23 low
SPY Daily:
Heavy pockets of retail long chasing = yellow candles with "R" above
Trap door threats = lows of yellow candles with "R" above
Noted price action marked with timestamped lines
Retail chasing aths since 5/15
8 trap doors activated this week
Yesterday SPY narrowly avoided the ninth, the $548.65 7/3 low
Another big trap door threat looms underneath, the $524.72 5/23 low
SPY Daily:
Heavy pockets of retail long chasing = yellow candles with "R" above
Trap door threats = lows of yellow candles with "R" above
Noted price action marked with timestamped lines
Retail chasing aths since 5/15
8 trap doors activated this week
Yesterday SPY narrowly avoided the ninth, the $548.65 7/3 low
Another big trap door threat looms underneath, the $524.72 5/23 low
SPY Daily:
Heavy pockets of retail long chasing = yellow candles with "R" above
Trap door threats = lows of yellow candles with "R" above
Noted price action marked with timestamped lines
Retail chasing aths since 5/15
8 trap doors activated this week
Yesterday SPY narrowly avoided the ninth, the $548.65 7/3 low
Another big trap door threat looms underneath, the $524.72 5/23 low
Live annotated charts, trade ideas, & trades in the best free trading chat room on the web
SPY Daily:
Heavy pockets of retail long chasing = yellow candles with "R" above
Trap door threats = lows of yellow candles with "R" above
Noted price action marked with timestamped lines
Retail chasing aths since 5/15
8 trap doors activated this week
Today SPY narrowly avoided the ninth, the $548.65 7/3 low
Another big trap door looms underneath, the $524.72 5/23 low
GC Hourly:
Pros (institutions/algos) = white candles
Noted price action marked with timestamped lines
$2462.70 7/16 pro low acted as a trap door yesterday afternoon, confirming the double top (7/16 & 7/17)
Nailed with GLD $225 ODTE puts $3.38 avg. from .52 avg. then rolled down & out into:
GLD $220 7/26 puts @ .90 avg. & SLV $26.50 7/26 puts @ .32 avg.
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Dollar 500 Tick:
The 8/25 $104.220 bearish RAMBO low downside break was a sell signal but it's suspect because it was immediately followed by 4 consecutive retail sell (yellow down candles), a hammer @ the 30 ema (red line), then a bounce that now has the dollar over all key emas (10 to 200) & vwap.
Both the dollar & gold are up now, part of what makes relying on their normally strong inverse relationship tricky.
Gold's at a critical hold or fold level on the daily:
A break above the $1948.20 8/14 bullish RAMBO (yellow candles with "R" below) quintet high is a long signal while failure to break and build over it confirms a lower high that keeps the short-term downtrend since May, intact.
In my opinion the latter is more likely: the pop last week after gold was down for 2 weeks straight is likely to be a head fake. On the 250 tick, Friday afternoon there were 6 bearish RAMBOs followed by pro (white candles) activity near the daily highs, an unconfirmed short set up, that confirms when the $1937.30 low of the lowest of the six bearish RAMBOs breaks to the downside. Also of note, as both retail (6 bearish RAMBOs) & pros were active, their activity triggered 3 bearish divergence patterns (3 small yellow dots @ the bottom of the chart).
MTF confluence using the BetterIndis example:
In this case intra-day opex SPY puts 6/16. I did not trade this Friday. Hindsight is 20/20 but also instructive.
On the 1.5K tick (roughly equivalent to the 2 minute) there were 2 two consecutive pro (institutions &/or algos noted by blue bars) lower lows less than 90 minutes into Friday's session.
That made the multiple late morning & mid-session yellow up bars on the 1.5K tick & noted more decisively on the 1K tick via the 6 mid-session bearish RAMBOS (yellow bars with "R" above) noting a heavy pocket of long chasing, very strong short signals.
YEXT 125 Tick:
Exhaustion price pattern triplets (red dots) in the dip 6/1 was followed by pro activity over vwap (purple line) 6/2 then the the $9.21 resistance break.
ROKU 18K Tick:
Multi-month resistance break 6/2.
BIDU 9K Tick:
Threatening break of multi-month $134.62 resistance.
ZYME 62 Tick:
Pro activity @ the lows 5/30 was followed by the 5/31 buy warning after the $8.19 resistance break.
TERN Short-term MTF Breakdown:
Legend:
Blue bars note the activity of institutions & algos.
Yellow bars with "R" below note heavy pockets of retail sell chasing activity, and vice versa for yellow bars with "R" above. They are called RAMBO price patterns: "Reversal of amateur breakout."
Horizontal lines of varying thickness: Notable pivots, the thicker the more important.
Green Background: Demand Zone/Support area
Red Background: Supply Zone/Resistance area
Buy "warning" - print when a key pivot breaks to the upside in a demand zone - shown by timestamped dotted vertical green lines
Sell "warning" - print when a key pivot breaks to the downside in a supply zone - shown by timestamped dotted vertical red lines
Thin red lines: notable trailing stop levels of pro shorts
Thin green lines: notable trailing stop levels of pro longs
Bull flagging after heavy pro accumulation late March to early April. Pro activity over the 100 ema (yellow line) 5/24 & 5/25 on the 1.5K tick followed multiple bullish RAMBOs 5/17 & 5/18 on MTF.
$13.10, just over the 5/11 high is a pro short trailing stop level & breakout tripwire.
NNOX 3K Tick:
Heavy pro accumulation 5/1 triggered the 5/4 buy warning after NNOX broke $10.96 resistance.
SAM 500 Tick:
Multi-month resistance break 6/2.
DPZ 2K Tick:
Multi-month resistance break 6/2.
FVRR 250 Tick:
Legend:
Blue bars note the activity of institutions & algos.
Yellow bars with "R" below note heavy pockets of retail sell chasing activity, and vice versa for yellow bars with "R" above. They are called RAMBO price patterns: "Reversal of amateur breakout."
Horizontal lines of varying thickness: Notable pivots, the thicker the more important.
Green Background: Demand Zone/Support area
Red Background: Supply Zone/Resistance area
Buy "warning" - print when a key pivot breaks to the upside in a demand zone - shown by timestamped dotted vertical green lines
Sell "warning" - print when a key pivot breaks to the downside in a supply zone - shown by timestamped dotted vertical red lines
Thin red lines: notable trailing stop levels of pro shorts
Thin green lines: notable trailing stop levels of pro longs
5/26 to 5/31 pro activity near the lows in the mid $20s along with twin exhaustion price patterns (red dots), including one that was triggered by their activity 5/30.
Then 2 strong long signals:
1) Bullish divergence (blue dot highlighted with white up arrow) 6/1
2) Buy warning followed by pro activity just under & over the 200 ema (aqua line) 6/2
ANET 500 Tick:
Legend:
Blue bars note the activity of institutions & algos.
Yellow bars with "R" below note heavy pockets of retail sell chasing activity, and vice versa for yellow bars with "R" above. They are called RAMBO price patterns: "Reversal of amateur breakout."
Horizontal lines of varying thickness: Notable pivots, the thicker the more important.
Green Background: Demand Zone/Support area
Red Background: Supply Zone/Resistance area
Buy "warning" - print when a key pivot breaks to the upside in a demand zone - shown by timestamped dotted vertical green lines
Sell "warning" - print when a key pivot breaks to the downside in a supply zone - shown by timestamped dotted vertical red lines
Thin red lines: notable trailing stop levels of pro shorts
Thin green lines: notable trailing stop levels of pro longs
I marked jb's calls entry and final exit with the timestamped white lines.
Pros (blue bars) like jb loaded long 5/25. The lime dot 5/30 right before jb secured killer multi-bagger profits is a bearish flush pattern, technically bullish, but it often behaves in bearish fashion when it appears after a big rip, making it a solid heads up to take profits.
As for what comes next, I see another long set up heading into the new week. Twin bullish RAMBOs 5/31 were followed by an exhaustion selling price pattern 6/1 (red dot highlighted with white up arrow). Then 6/2 twin bullish RAMBOs were followed by bullish divergence (blue dot highlighted with white up arrow).
Gold 1.5K Tick:
Great call on the pb in gold jb. Here's a look @ the killer short set up this week on the 1.5K tick:
Pros (institutions & algos noted by blue bars) were active in short-term tops since @ least 5/30 taking profits & going short. By 5/31 the bull trap was set. Then retail long chasers (yellow bars with "R" above) stepped in 6/1 only to get wrong-footed as gold did, what you astutely noted it has done numerous times in the past, flush bigtime on a Friday.
GLD put$$$$$ yesterday!
Congrats!
One of my best trades so far this year:
JFIN. Decent fundamentals and awesome technicals. I snagged some $7.50 calls 7/21 @ .15 and took some off yesterday @ .70 to cover costs.
Entry off the blue bars highlighted with white up arrows (institutions & algos) that propelled JFIN to 52-week highs 5/30 on the 62 tick. Pros were again very active @ 52-week highs yesterday.
I won't be surprised to see JFIN in double digits soon.
AI
