NQ Power Range Report with FIB Ext - 3/21/2024 SessionCME_MINI:NQM2024
- PR High: 18563.25
- PR Low: 18526.50
- NZ Spread: 82.25
Continuing momentum following FOMC
- Pushing supply back near ATH
- Above prev session high
Key economic calendar events
08:30 | Initial Jobless Claims
- Philadelphia Fed Manufacturing Index
09:45 | S&P Global US Manufacturing PMI
- S&P Global Services PMI
10:00 | Existing Home Sales
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 265.68
- Volume: 26K
- Open Int: 253K
- Trend Grade: Bull
- From BA ATH: -0.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
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.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Volatility
VTYX- Buy the Pullback after a massive Bullish Surge LONGVTYX is an illustrative case in the trend is your friend. VTTX warmed up on Frbruary 20th and
went parabolic on the next day and then faded while the moving averages and VWAP lines
caught up. This is a buyable dip. It has now printed a couple of engulfing bullish candles. VTYX
did less than a full 0.5 retracement as a sign of strength. I will take a long trade here targeting
16% upside to the top pivot of the recent price action. If the price can reach the target I will
take half screening for higher-than-normal volatility. At present the volatility has mildly popped
over the running mean telling me the continuation is on the ready. The plus here is earnings
will report on March 24th so there is one month for traders to run the price up on this
stock in that anticipation. Options are avaiable for call contracts expiring March 15th.
BTC - Institutional Accumulation Zone Signals Trend ReversalThe Bitcoin futures market is showing signs of a potential reversal short-term bearish impulse, with institutional traders accumulating positions in a newly identified accumulation zone. This zone, marked on the chart, represents an area where large buyers have been actively buying BTC futures contracts.
The accumulation zone has been formed after a period of consolidation and sideways trading, following a sharp downtrend. The fact that institutional traders are accumulating in this zone suggests that they believe the downtrend is coming to an end and that a new uptrend is about to begin.
Furthermore, we should observe a key resistance level marked on chart, which can adds further credence to the bullish outlook. This breakout would signal that the sellers have been exhausted and that the buyers are now in control.
If the price action can continue to trade above the resistance level, it will be a strong indication that the downtrend has ended and that a new uptrend is underway. Traders should watch for a retest of the resistance level as a potential buying opportunity.
USDJPY - Lack of Supply, Fueled by Hidden DemandThe USDJPY currency pair has recently experienced a significant surge in value, defying expectations based on visible supply signals. Despite the absence of apparent selling pressure, price action has broken through the last known supply area, indicating a shift in market sentiment.
Upon closer examination, it becomes evident that a previously identified demand zone has played a pivotal role in fueling the price increase. This zone, marked on the chart, represents an area where buyers have historically been active, and it has served as a catalyst for the recent rally.
Furthermore, indicators that monitor institutional activity on the market have been flashing bullish signals, suggesting that large players are accumulating USDJPY positions. This influx of institutional buying power has provided additional momentum to the upward trend.
With price action now trading above the previous supply area, the path of least resistance remains higher. Traders should be aware that the current rally may continue until a new supply zone is encountered or until the bullish momentum fades.
NQ Power Range Report with FIB Ext - 3/20/2024 SessionCME_MINI:NQM2024
- PR High: 18281.50
- PR Low: 18267.50
- NZ Spread: 31.5
Key economic calendar events
10:30 | Crude Oil Inventories
14:00 | FOMC Economic Projections
- FOMC Statement
- Fed Interest Rate Decision
14:30 | FOMC Press Conference
Prev session, inside print, above Monday's close
- Back inside prev week inventory
- Back-to-back inside daily print
- Low vols ahead of FOMC day
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 262.14
- Volume: 15K
- Open Int: 253K
- Trend Grade: Bull
- From BA ATH: -2.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
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.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 3/19/2024 SessionCME_MINI:NQM2024
- PR High: 18227.00
- PR Low: 18178.00
- NZ Spread: 109.5
No significant calendar events
Prev session retraced back inside Friday range
- Currently printing as inside bar
- Supply response off prev week's inventory
- Holding below prev session close
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 266.55
- Volume: 30K
- Open Int: 251K
- Trend Grade: Bull
- From BA ATH: -2.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
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.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
SPY has bullish bias after a day downtrending LONGSPY on the 15 -minute chart is shown to be in a megaphone or broadening wedge pattern since
March 5th. Price is now at the lower support ascending support trend line. The Gaussing
regression line forecast indicator an example of predictive modeling confirms with a prediction
that price will trend up inside the pattern and head toward the upper resistance trendline.
The mass index appropriately has signaled a reversal with a signal line that topped 32 and then
fell below the trigger. I found two long bottoming wicks in the prior two days at nearly the
same bottom level. The line /ray connecting them comes to a value of 512.75 which becomes
my immediate-term target. I will enter a trade of shares along with call options. The call
options are for a next-day expiration striking 513 ( OTM just a little). TEXT BOX correction:
The regression line forecast by Luxalgo's algorithm suggests a reversal and trend up into the ascending resistance.
NQ Power Range Report with FIB Ext - 3/18/2024 SessionCME_MINI:NQM2024
- PR High: 18103.50
- PR Low: 18062.25
- NZ Spread: 92.0
No significant calendar events
Opened above Friday's close
- Retracing ~50% of Friday range
- Below prev week range & 20KA
- FOMC week
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 263.11
- Volume: 24K
- Open Int: 254K
- Trend Grade: Bull
- From BA ATH: -3.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
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.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Bitcion usdThis is programmed into Bitcoin's protocol to control its inflation rate. The most recent halving occurred in May 2020, reducing the block reward from 12.5 to 6.25 bitcoins per block. The next halving is expected around 2024. It often leads to increased attention from investors and can affect the supply and demand dynamics of Bitcoin, potentially influencing its price.
NQ Power Range Report with FIB Ext - 3/15/2024 SessionCME_MINI:NQM2024
- PR High: 18263.50
- PR Low: 18245.25
- NZ Spread: 40.75
No significant calendar events
Holding below Wed inside bar print
- Daily inventory below 20 Keltner
- Quickly broke into BeZ after session open
- Relatively avg vols to start session
Evening Stats (As of 1:55 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 254.41
- Volume: 26K
- Open Int: 244K
- Trend Grade: Bull
- From BA ATH: -2.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
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.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 3/14/2024 SessionCME_MINI:NQM2024
- PR High: 18361.25
- PR Low: 18340.25
- NZ Spread: 47.0
Key economic calendar events
08:30 | Initial Jobless Claims
- Retail Sales (2x)
- PPI
Prev session closed as inside bar
- Retraced ~50% of Tues session
- Inventory response back inside prev session range
- Maintaining daily 20KA trend
- 2 weeks range bound, ~18125 to ~18630
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 259.33
- Volume: 16K
- Open Int: 229K
- Trend Grade: Bull
- From BA ATH: -1.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
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 - 3/13/2024 SessionCME_MINI:NQM2024
- PR High: 18480.50
- PR Low: 18463.25
- NZ Spread: 38.75
Key economic calendar events
10:30 | Crude Oil Inventories
13:00 | 30-Year Bond Auction
Daily print, pivot long following volatile session
- Holding prev session highs
- Contract rollover week continues
- Bit of vol spike into London hours
Evening Stats (As of 2:55 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 263.01
- Volume: 25K
- Open Int: 202K
- Trend Grade: Bull
- From BA ATH: -1.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
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.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
GE continues its bullrun LONGGE on the weekly chart has been in a trend up with some corrections along the way since a
double bottom in the summer of 2022. It has had some sections spin-off including the health
care poriton of the company. This company as a mega-cap industrial with cash on hand
is independent of interest rate concerns. Much of its business in long term contracts. I see
GE as a great long-term long trade. I am focused on accumulating long shares as well an
options into 2026. The last correction on this chart was this past October. I will average more
in at this time but am really looking for another smaller correction like last October for a
bigger buy to add to the positions. GE is safe from the volatility of most of the technology
stocks and in my opinion, is a good stock to "back up the truck".
NQ Power Range Report with FIB Ext - 3/12/2024 SessionCME_MINI:NQM2024
- PR High: 18047.25
- PR Low: 17998.00
- NZ Spread: 111.25
Key economic calendar events
08:30 | CPI (3x)
13:00 | 10-Year Note Auction
Low vol, rangebound prev session
- Potential daily reversal print long
- Maintaining stability of daily inventory
- Volume shift heavier to contract month M
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 262.07
- Volume: 17K
- Open Int: 156K
- Trend Grade: Bull
- From BA ATH: -2.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
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.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
XRP possibly preparing for a massive upward movementSupports and resistances are squishing XRP's price volatility, setting up a big movement. Extremely low price volatility and volume at the moment. XRP.D is low as well. Token sentiment is also very negative. Price is still below the rising MA200, which is a buy. Fixed range volume profile gives us a short-term resistance of 0.615$. Support is 0.495$ and 0.43$. Breaking more than 3% below 0.43$ could imply that a major support line is broken. Breaking below 0.3$ ruins the pattern. But breaking above 0.615$ with momentum could imply in a run to 0.915$, 2$ or even above the ATH.
NQ Power Range Report with FIB Ext - 3/11/2024 SessionCME_MINI:NQH2024
- PR High: 18060.25
- PR Low: 17974.75
- NZ Spread: 191.0
No significant economic calendar events
Widest NZ spread of the year
- Volatile inventory swings at open
- Friday QQQ bar engulfing prev session
- Below Friday's low
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 265.48
- Volume: 29K
- Open Int: 256K
- Trend Grade: Bull
- From BA ATH: -2.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
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.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone