Bearish trend day today confirmed at 10:15am ET and indexes dropped all day, with the typical for a trend day small retrace starting at 3:30om as short term shorts started to cover. Internals were bearish accross the board. Expectations for overnight and premarket trade tomorrow is for further retrace upwards to key resistance levels, on […]
Bearish Trend Day Down Read More »
Topping trade action and technicals on the Nasdaq 100 index, as shown here by QQQ ETF chart. Look to short any small rally higher on monday morning off open for at least a 1-2 day swing trade lower, target 100 NQ points off the recent high, 4620-30 zone.
QQQ Nasdaq Topping Read More »
Indexes remain above close on low conviction trade on opex Friday, after a big up session yesterday. Internals are mostly flat, as is volatility, and no advantage is seen to initiate trade in either direction here. After a 2 week up move from recent lows, expect a pullback early next week, which should be foretold
Intraday Friday flat after a big up day Read More »
After a 35 point selloff in the SP500 on Friday, the market retraced approximately 15 points of the down move to close bearish still, on weak volume.
Inside day, much ado about nothing Read More »
