- Ace in the Hole
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- Ace in the Hole - Edition #73
Happy Monday Traders!
I hope you all had a great weekend and were able to relax and take a break from the charts.
Another big week is ahead with more earnings and FOMC.
Buckle up for another exciting week!
Market Thoughts
This market has been really good imo. The setups are extremely clean and targets come fast.
It seems to me that most people still feel this mass uncertainty in the market, but it is very simple for me.
$NQ_F ( 0.0% ) Monthly
It is all about this monthly imbalance for me. Until we can trade aggressively through this imbalance to the upside, I have to expect to see a higher time frame short model come into play this week.
We are trading in an area in which I can expect the market to be manipulated to go lower, but…
If we do run through this to the upside, I full heartedly think this market goes back to all time highs.
Either way there will be plenty of opportunity, but don’t overcomplicated what is very simple.
$NQ_F ( 0.0% ) Analysis
$NQ_F ( 0.0% ) Weekly
On a slightly lower time frame $NQ_F ( 0.0% ) has SMT at the highs inside of the monthly imbalance.
We did get a CISD (Change in the state of delivery) on the weekly which is a big deal.
As of now I think as I go lower on the time frame it gets more unclear, so I would like to see more structure before being certain on any lower time frame thoughts.
Earnings Calendar
Economic Calendar
These data points are known to bring volatility during the intraday:
Monday 10:00 EST, ISM Services PMI
Wednesday 2:00 EST, FOMC
Thursday 8:30 EST, Unemployment Claims
Trending Sectors
Technology, Communication Services, and Consumer Staples were at the top of the list for trending sectors this past week.
Top 10 trending tickers from last week:
Have A Great Week!
As always, enjoy the week and trade safe everybody.
Let’s make some $$!
