Just a quick idea.
Tonight into tomorrow (the holiday play) the probs are pretty down the middle, with a slight bearish preference. However, how the data is formatted in a way that it spills over into Tuesday as well (because of some continuous data nonsense) so I never play them on STAT days.
That said, be careful if you are looking to position yourself for a short swing (if you haven't already). ES1! should look to at least re-test 4093 before actually seeing some heavy selling.
NQ1! also in a similar boat, looking to re-test 12403.
If you wanna play this tonight/tomorrow, the ranges I expect are in the chart. Preference probably for the bearish area but don't expect anything dramatic.
It would be nice to see this take out 4093 going into Tuesday so it makes Tuesday more straight forward. But we will see where Asia/Europe wants to take this.
We also ended the day with a bullish reference target on SPY and SPX and a bearish one on QQQ. So lots of things to ponder going into Tuesday.
On a side note, I did an experiment with UPRO and SPXS volume. I have been able to calculate sort of "minimum" threshold levels with this experiment on SPY. Which is interesting. Based on that we should expect to see at minimum the 403 range next week. So we'll see how that plays out. I will share a write up on this experiment at some point.
IF you are interested, I actually recorded me doing the experiment and posted it on Youtube.
Which... is now officially up and running!
So if you follow me here, consider subscribing :-) (link in signature), I plan to record and post a lot of my experiments and stuff so you can get a behind the scenes look at quantiative trading.
As well, I will likely post weekly trading recaps there.
So def consider it if this is something that interests you!
Safe trades everyone!
Tonight into tomorrow (the holiday play) the probs are pretty down the middle, with a slight bearish preference. However, how the data is formatted in a way that it spills over into Tuesday as well (because of some continuous data nonsense) so I never play them on STAT days.
That said, be careful if you are looking to position yourself for a short swing (if you haven't already). ES1! should look to at least re-test 4093 before actually seeing some heavy selling.
NQ1! also in a similar boat, looking to re-test 12403.
If you wanna play this tonight/tomorrow, the ranges I expect are in the chart. Preference probably for the bearish area but don't expect anything dramatic.
It would be nice to see this take out 4093 going into Tuesday so it makes Tuesday more straight forward. But we will see where Asia/Europe wants to take this.
We also ended the day with a bullish reference target on SPY and SPX and a bearish one on QQQ. So lots of things to ponder going into Tuesday.
On a side note, I did an experiment with UPRO and SPXS volume. I have been able to calculate sort of "minimum" threshold levels with this experiment on SPY. Which is interesting. Based on that we should expect to see at minimum the 403 range next week. So we'll see how that plays out. I will share a write up on this experiment at some point.
IF you are interested, I actually recorded me doing the experiment and posted it on Youtube.
Which... is now officially up and running!
So if you follow me here, consider subscribing :-) (link in signature), I plan to record and post a lot of my experiments and stuff so you can get a behind the scenes look at quantiative trading.
As well, I will likely post weekly trading recaps there.
So def consider it if this is something that interests you!
Safe trades everyone!
Kommentar:
The targets are unchanged for today, because like I said the continious data that is reported makes the probabilities assess Sunday/Monday and Tuesday as the same day.
I am seeing the bearishness come through now.
If this causes SPY to gap down in the morning without removing that target, my plan is to actually close my shorts and probably flip long.
I will update with the live targets on SPX/SPY as the week opens tomorrow.
Safe trades everyone!
I am seeing the bearishness come through now.
If this causes SPY to gap down in the morning without removing that target, my plan is to actually close my shorts and probably flip long.
I will update with the live targets on SPX/SPY as the week opens tomorrow.
Safe trades everyone!
Kommentar:
Looks like SPY is at 403 pre-market. Which means.... experiment was a success mwaahaha *mad scientist laugh*.
Also just want to clarify that that 4093 is a weekly target not a daily so please don't play to the long side today thinking that we will see this target.
Safe trades everyone!
Also just want to clarify that that 4093 is a weekly target not a daily so please don't play to the long side today thinking that we will see this target.
Safe trades everyone!
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I took it on the bull flag, which was also on ES1! to be fair. We hit the target.
First time ever trading NQ. S'alright I guess.
But the upside will not be finished until ES1! as well removes its target and then we take it from there.
Safe trades everyone!