SignalShiftTrader
@SignalShiftTrdr
All content is my own and meant to help traders identify key areas for a shift in the signal that the markets provide. NO comment made is financial advice.
$QQQ : The index gave a beautiful signal shift at the ATH. Many traders that I respect a lot called for a bounce from much higher the the current pullback low. We have yet to see a shift back to the upside which means 1 of 2 things. Either the low is not in or we need retest.
$QQQ $NQ : Bulls doing their cheers and sounding the all clear alarm. Premature in my view.
$NQ $MNQ 18876-18912 is the range I believe sellers will defend
Shhh - Don't tell anyone, but this gap up in the ovn session does not make be bullish...yet
$SPX : watching for a move back over 5233 and potential fail for a Put trade.
$SPX My work shows sub 4254 coming as long as no new ATH. Can we bounce here, yes. Will it stick, I say no.
Small rant : If you think the lows are in you are delusional. I will trade price either way ( currently long runners NQ). You have to trade what is in front of you... But IMHO we are not even close to a bottom. $SPY $QQQ $ES_F $NQ_F
Small rant : If you think the lows are in you are delusional. I will trade price either way ( currently long runners NQ). You have to trade what is in front of you... But IMHO we are not even close to a bottom. $SPY $QQQ $ES_F $NQ_F
This is a myth that has been shouted from the rooftops for years. Volume doesn't mean anything. Markets go up or down on heavy or light volume. My broker never sends me a statement that says you got paid on volume, but rather from price to price. $BTCUSD $SPY $QQQ .
$BTCUSD : Volume not needed. Price is what we get paid on.
Here are the facts of current market structure and signal. ZERO evidence of a bottom as I pointed out prior to today's decline. Until there is evidence stop calling that bottom is in. $SPY $SPX $NDX $QQQ $ES_F $NQ_F SPY must regain 548.48 and hold or low is not in! Facts.
@JaySDaytrdr and I seem to see things exactly the same ;-) $SPX $SPY $ES_F $NQ_F $QQQ. When you can trade level vs level and have a process that is unique and not something from the stone age you have an edge!
The simple fact is that most traders, even good ones, cannot trade a down market as well as they do when it is going up. Having a system to help guide the way makes it easier to trade both up and down market environments. Looking for a signal shift before saying all clear! $SPY
$TSLA : before todays continued selling. What happens next will be key. Do we hold here or flush to new lows. Lotta bulls say up. I am not so sure that they are right.
$TSLA : Though the stock has seen significant pullback lately, the slide may not be over. I will update my thoughts on chart later.
Averaging into a position is frowned upon by most. That is code for they avg into a position at the wrong spots. $NQ $MNQ. Knowing where you would be wrong is the key. Until wrong, buy when getting a discount into the buy range.
$NQ $MNQ
$NDQ : Gap will get filled at some point. Maybe not today. $NQ $MNQ $MNQ_F $NQ_F
$NQ came down to target and then some on the short. I covered earlier than need to.
$TSLA : Though the stock has seen significant pullback lately, the slide may not be over. I will update my thoughts on chart later.
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