NRGD a 3X Leveraged ETF that shorts oilNRGD goes up when oil goes down; this ETF tracks the oil futures ; it is leveraged and managed.
Here on the one-hour chart with an Bollinger Bands and EMA bands indicator added, it can be
seen that price had been trending down in two waves beginning June 1st , Upon dropping
outside the BB lower line, price reversed upward to reach the upper BB line and reversed again.
Finally, price dropped outside the BB lower line and reversed this past Thursday. The RSI
oscillator has recently trended between 65 and 40, suggesting healthy price action without
and oversold or overbought conditions. As it is now trending up again. I see it as suitable for a l
long trade. I have plotted horizontal resistance lines in order to plan a tiered exit from a trade
of 4 shares where I will partially close the position by selling a share each time price reaches
one of those lines. At the same time, I will move the stop loss up to midway between its l
location and that line. I will repeat this until all shares are sold. I am expecting a 12% profit
overall for a week-long trade. This will be a free trade without risk after the first move of the
stop loss to above the entry point. If the RSI remains below 80, I may let the last share run
until I am alerted that price has hit the BB upper line by an alert or alternatively set up
a trailing stop loss of 2%.
Volatility
Korea bullish trend, buying dipsThesis: South Korea is being considered as an AI startup hub as well as a chip source for AI.
it has a bullish trend. i am waiting for price to reach the lower end of the lower dynamic volatility range to start incrementally building a position in 0.25-0.5 basis points
NQ Power Range Report with FIB Ext - 6/13/2023 SessionCME_MINI:NQU2023
- PR High: 15024.25
- PR Low: 14998.00
- NZ Spread: 58.75
Volume weight shifted to contract month U.
Supply run continuation from strong push prev session.
- Broke PR+1 before midnight.
Economic Event:
08:30 – CPI
Evening Stats (As of 12:15 AM)
- Weekend Gap: N/A
- Session Open ATR: 219.09
- Volume: 21K
- Open Int: 141K
- Trend Grade: Neutral
- From ATH: -10.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 14103
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
ETH Risk RangeWith Implied Volatility @ 39.96% we can expect an 164 point move within the next 3 weeks. if your looking for buying opportunities your downside risk would be minimal at the lower end of the range and if your looking for selling opportunities your upside risk would be minkmal at the top end of the range.
ETH volatility could start to spike but RSI is lowI am bringing to your attention the current state of Ethereum's price trend. As of now, Ethereum has been experiencing a notable downward trend in price when observed on a daily timeframe chart. It is currently trading at approximately $1,740, which reflects a decline of over 5%.
It’s becoming increasingly evident that Ethereum is experiencing a bearish trend in the market, as indicated by its RSI dropping below 40. To add fuel to the fire, the current volatility level of Ethereum is at a measly 0.01%. If you're a Bitcoin trader, it's time to pay attention and make informed decisions accordingly. Check out Furthermore for more insights.
Additionally, the Bollinger Band analysis indicates that ETH is currently experiencing a certain level of volatility. However, the band's elasticity suggests that the current volatility is relatively minimal.
I hope this information is helpful to you. Please let me know if you have any questions or concerns in the comments.
NQ Power Range Report with FIB Ext - 6/12/2023 SessionCME_MINI:NQM2023
- PR High: 14610.00
- PR Low: 14553.75
- NZ Spread: 125.75
Nothing Significant scheduled on the calendar.
Rollover to contract month U on the 16th (Friday)
- Open interest beginning to reflect rollover
Extremely low volume and volatility following the PR hour.
- Strong supply push, raising value interest, at session open.
- Open volatility created wide NZ spread.
Expecting FOMC Wednesday preparation..
Evening Stats (As of 12:15 AM)
- Weekend Gap: N/A
- Session Open ATR: 203.57
- Volume: 13K
- Open Int: 238K
- Trend Grade: Neutral
- From ATH: -11.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14675
- Mid: 14103
- Short: 31531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 6/9/2023 SessionCME_MINI:NQM2023
- PR High: 14519.00
- PR Low: 14504.75
- NZ Spread: 31.75
Retraced more than 50% of Wed's inventory run.
- Lowest volume of the week.
- RTH open has been highly choppy this week.
Evening Stats (As of 1:25 AM)
- Weekend Gap: -0.08% (filled)
- Session Open ATR: 210.14
- Volume: 15K
- Open Int: 273K
- Trend Grade: Neutral
- From ATH: -12.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14675
- Mid: 14103
- Short: 31531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Can MULN reverse its decline?MULN is a stock in the EV automotive space. As recently as last year it was priced at $30-40 per
share. It has steadily declined but continues to have volatility flare-ups where the price spikes.
I understand it has a bit of a cult-like following which is not uncommon. Price has lost
50% since the latter part of May. On the 15-minute chart, price has jumped about 10% in the
past few days with increased volatility and a confirmatory trend of the lines of the MACD
crossing above the zero horizontal line. I suppose this could be a retracement /correction but
it also could be a reversal in its earliest phase. I see this as suitable for a small position risking
less than a tenth of a percent of the account. The stop loss is 46 cents or about 6-7%. This is
the recent pivot low. My first target is 1/2 of the previous decline or about $.70 with a second
target at $.80 and the final target of $0.95 knowing that $ 1.00 is a psychological level.
NQ Power Range Report with FIB Ext - 6/8/2023 SessionCME_MINI:NQM2023
- PR High: 14333.75
- PR Low: 14307.00
- NZ Spread: 59.75
Economic Events:
08:30 – Initial Jobless Claims
Bottom finally fell out of the week's range.
Back near last week's lows.
- Continuing to inventory hunt into Thursday's session.
Evening Stats (As of 12:05 AM)
- Weekend Gap: -0.08% (filled)
- Session Open ATR: 207.97
- Volume: 22K
- Open Int: 280K
- Trend Grade: Neutral
- From ATH: -14.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14675
- Mid: 14103
- Short: 31531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Is United Airlines Taking Off?Cyclical stocks like United Airlines have struggled since the banking crisis in March, but now the carrier may be regaining lost altitude.
The first pattern on today’s chart is the series of higher lows since early April. They’ve formed a potentially bullish ascending triangle in the last three weeks.
Next, Bollinger Bandwidth has tightened. Will movement expand after that kind of narrowing price action?
Third, directional indicators may favor the upside with MACD and the 50-day simple moving average (SMA) rising.
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NQ Power Range Report with FIB Ext - 6/7/2023 SessionCME_MINI:NQM2023
- PR High: 14598.25
- PR Low: 14574.75
- NZ Spread: 52.5
Another flat session close.
- Vols unchanged
Evening Stats (As of 12:15 AM)
- Weekend Gap: -0.08% (filled)
- Session Open ATR: 195.74
- Volume: 19K
- Open Int: 289K
- Trend Grade: Neutral
- From ATH: -13.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14675
- Mid: 14103
- Short: 31531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
URTY - the 3X leveraged ETF for the Russell 2000 LONGURTY seeks to yield 3X the Russell . The Russell has lagged the other major indices. This is
probably because this is a big collection of small companies which are weaker in general
and more suspectible to financial pressures like to cost of borrowing to finance growth and
so on. This week the Russell is out performing SPY, QQQ and DIA. These leveraged ETFs should
not be traded downside as the 3x causes expotential decay over time. Buy and hold will not
work well.
On the chart, the up trends as tracked by the "alpha trend" indicator are fairly obvious and
substantial. The zero lag MACD confirms buy and sell signals with K/ D line crosses. Entry
points are marked by a dramatic uptick in relative volatility making it easy to buy fast
and early in trend momentum, URTY is up nearly 20% so far in June. ( So much for sell
in May and go away). At present, it is waiting in consolidation waiting for more buyers
to step into its price action.
BTC S&R in mid-trend>>>>>>>>>I Have Tried My Best to Bring the best Possible outcome in this Chart.
BTC can continue to correction after did proved by high bearish D-Time frame candlestick in last day before,
Based on volume profile index and due to the technicaly classic parallel correction channal,We can except after some resting price and possibility short pullback to 26000-26500 resistance,price rejected to lower support that marked on the chart.
But after this correcton,
Market with good cash flow
can return to the upward trend
****The condition of this scenario is that
The support level of 24800-25200 should not be broken down.********
Everything cleared on the chart.
It's just an analyze,
Not a financial advise.
PLZ DYOR
With hopping success>
NQ Power Range Report with FIB Ext - 6/6/2023 SessionCME_MINI:NQM2023
- PR High: 14587.50
- PR Low: 14563.50
- NZ Spread: 53.5
Economic Events:
12:00 – EIA Short-Term Energy Outlook
Not much of a change from the start of Monday's session
- Practically closed flat.
Evening Stats (As of 12:15 AM)
- Weekend Gap: -0.08% (filled)
- Session Open ATR: 202.62
- Volume: 18K
- Open Int: 289K
- Trend Grade: Neutral
- From ATH: -13.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14675
- Mid: 14103
- Short: 31531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 6/5/2023 SessionCME_MINI:NQM2023
- PR High: 14584.25
- PR Low: 14556.25
- NZ Spread: 62.5
Economic Events:
09:45 – Services PMI
10:00 – ISM Non-Manufacturing PMI
Relatively small weekend gap down.
- Yet to be filled
- Didn't take long to break into PR bear zone.
- Low volume to start Monday session.
Evening Stats (As of 12:15 AM)
- Weekend Gap: -0.08% (open > 14586)
- Session Open ATR: 207.47
- Volume: 28K
- Open Int: 286K
- Trend Grade: Neutral
- From ATH: -13.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14675
- Mid: 14103
- Short: 31531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Does SPY want a correction? Maybe not but it will get one.SPY has had a good run this spring. However, things are changing. Just this week, the debt \
ceiling got raised. The fed will be auctioning large amounts of treasuries to pay bills. This is
money that will not go into the equities markets. Buying volume on a dollar basis will likely go
down as a consequence.
On the daily chart with a double Bollinger Band setup, SPY is more overbought than ever.
The part of the body of the last candle of this past week went outside of both the inner and
outer bands. Looking back this has not occurred in well over a year. Candle wicks did go
outside the bands in late October 22 and mid-December 22. On lower time-frames SPY
has already pulled back into the Bollinger Bands and begun a reversal. I believe that
many traders will take their profits off the table and take another look at bonds and treasuries.
ETFs like TLT and TMF may see significant inflows no matter for stocks in general may not.
I see this as a SPY pullback or correction upcoming for which to take a short trade.
I will look at SPY and QQQ put options with very short DTEs as well as call options on SQQQ.
For stock purchases, I might go with the ETFs SPXS and SPXU. The simple and basic analysis is
their chart shows price candles partially below the lower Bollinger Bands, the inverse of
the SPY. They are oversold and accordingly available for purchase at a discount.
