Replies to post #9950 on DayTrading QQQ Swings (QQQ)

[blasher]

there was No GOM Signal for Trading today . . .
however, looking at our Charts -2 & -3
from last night's Commentary (StocksDoc.com) . . .
you can see where this morning's price action is
wrt our Chart rectangles, walls, and pivots.
Take note and act accordingly as the day progresses.

[blasher]

Overall option implied volatility of 16 is near its 26-week average according to Track Data, suggesting non-directional price movement today.
c/o flyonthewall
So, don't get too excited about
either direction in the Market just yet.

[blasher]

I just drew Fib-retracement levels
like I showed in last night's Lessonette
on that QQQQ Intraday Chart to measure
Strength of Move from here on out.
I used the move from yesterday's High at 15:20.ET
until today's Low.
Now watch and see the Strength of any move today
the way I showed in the Commentary and Chart-1 last night.

[blasher]

Members, drop that Fib . . .
see the extra directional Strength today
as opposed to the past two days.
Refer to the Lessons of Charts-1
in my Commentaries of the last two nights.
QQQQ is showing some extra Up-strength this morning.

[blasher]

Before Market Opens (BMO) Trading Commentary . . .

* Asian markets finished Mixed today: China=+3.13%, Hong Kong=+0.26%, and Japan=-0.99%.
* European markets are Down so far today: England=-0.77%, Germany=-0.25%, and France=-0.53%.
* U.S. stock futures are Down right now as Traders consolidate ahead of the Big Economic News Reports this morning. See U.S. Stock Index futures prices down the left-side of our Home page and clicking on the "quotes and charts" link for the latest prices. (click link below)

Overnight . . .
* QQQQ/SPY are currently Trading at 49.28 / 115.62 . . .
* Subscribers, see the Members Tab and use the Charts and Commentary I post each night and weekend for Support / Resistance / Target details. (click link below)
* the S&P-500 futures Range-Bounds have been Down: between approximately 1150 - 1160 ... use these Bounds as possible Targets for Trading today.
* the US-Dollar is Up to 77.83 now. the Euro is Down to 1.3878 now. See forex prices down the left-side of our Home page. (click link below)
* Gold is Sideways to 1330 now. Members, please refer to my Gold Chart and Commentary on how to Trade this precious metal.
Our "far away" Target ($1360) from 3-weeks ago was Hit and we are now re-analyzing the next move.
* Copper is Down to 3.670 now.

... read much, much more, including today's outlook and Charts, at http://www.StocksDoc.com/BMO.php .



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