M2K1! trade ideas
Buying Imbalance LiquidatedSeems to me the downtrend is an imbalance liquidation originated on 1st march
Pro. Buying Power in ActionAppears an ultra-high volume, signal the will of the professional in keeping the price in a range or raising it
RTY UpdateES and RT MFI are overbought. NQ dropped below the line.
I dunno, seems like the algos aren't in control, people just buying stupid shit like Bitcoin and gold is breaking out as well. Should've stuck with the AAPL/NVDA rotation trade, lol. That would have paid really well.
Decided to close out my EWJ puts, and take the next couple of days off. Not gonna chase anything at this point, long or short. Might throw a small bet on ECB meeting Thu remarket.
I'm not gonna bet against my indicators, they show at least a dip tomorrow, but there's so much dip buying I have no idea what to short. Maybe TSLA? Who knows.
Support M2kH24Support at 2082 & 2085 Down Bar at H4 finds support to these levels; expecting a rally
SOW & a,b,c ElliotI find a SOW (sign of weaness) which it is drawing an a,b,c correction in the short time although the general trend is upward. Short ´till 2066
Got it! Jumped SupportBroken side range, keep in mind the new up bar may be signal of a SOW (sign of weakness) and drawing a new side range (wyckoff)
Support in Dow Bar. M2KH24Down Bar Supporting seems to be ready for a rally.
On the other hand Volume Delta shows an up trend.
RTY UpdateWell I said they'd try to pump small caps, and they sorta did. MFI now overbought but RSI isn't.
Doesn't really matter much, I don't plan on going long until PCE numbers are released Thu morning. Pretty good chance I take Mon/Tues off.
Market Forecast: The Week Ahead in ES, NQ, RTY, and 10 YRIn this video, I provide an in-depth market forecast for the week ahead in the ES (S&P 500 E-mini), NQ (Nasdaq E-mini), RTY (Russell 2000 Index), and 10 YR (10-Year Treasury Note) markets. I am using a few key technical indicators and market trends to give you valuable insights into potential price movements and trading opportunities.
Indicators used in this video are Bollinger Bands (20,3), Beacon Indicator, Anchored VWAP's, and the 5 day Simple Moving Average.
RTY OverboughtRTY went overbought, decided to unload my long positions a bit early. I still think PPI numbers will be good tomorrow, but made some decent money on the CPI dump so calling it good.
Russell Part 22.15. 24 The term I like to use is Market dynamics. They changed yesterday with a very significant move lower but when it got to the bottom you should want to be a buyer as long as you can find a buying tail.... and the market was giving you evidence that you should have been a buyer at that level if you recognized the signal. A lot of times in profitable markets you can get a buy signal or a cell signal and one of them well clearly dominate the market.... and the other side of the market won't be so good. The Russell was a great market to trade as a buyer and a seller. This is common for expanding markets.
The Russell index futures The dxy Part 12.14. 24 I ran out of time so this will be part one. And it occurred to me these sessions are not 12 minutes they're 29 minutes....And I ran out of time. I'm interested in market dynamics... especially in markets that have a volatile trading day when both buyers and sellers can be profitable because of the range of price for that market on that day..... yesterday was a great example. I had to learn how to think like a buyer and a seller when I first started trading.... I did not do it well because I really wanted to hang on to the side of the trade I was taking... and my conscious or unconscious strategy was that the other side of the market was a problem. If I was long the sellers where my enemy. If I wanted to go long the sellers were my enemy and that made my decision more complicated. More on next video.
Small Cap DailyWell, bonds were down earlier today and actually went up with the auction. $25B worth of 30yr and they bought into it, wow. So that means yields go back down, bond traders are buying into the projected rate cuts. (Keep in mind it's 30 yr though)
One of my followers mentioned small caps earlier this week, forming a pennant on the daily, and I think it breaks out if inflation numbers are good next week. Target in green. Buy garbage stocks, lol.
Remember, CPI on Tues and PPI on Fri. I don't think CPI will be that great, but PPI will be.
RTY UpdateChart pattern looks like a breakout but indicators went overbought on my 3 hr.
I closed out my small position in garbage stocks. (I was right when I posted that yeserday, lol) Return was good in terms of percentage, but I didn't have much. Who wants to risk a lot in garbage stocks?
Not really sure what happens next week, might just sit and watch until CPI numbers come out Tuesday
