iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,852 Blog Posts

Lazy Bull: NASDAQ Heads into Friday a Touch Higher Than Monday

NASDAQ futures are coming into Friday flat after an overnight session featuring normal range and volume.  Price held range.  Extended trade was calm.

Economic calendar’s empty.

Yesterday we printed a bloody normal day.  It was so boring.  No range extension.  An impulsive wave of selling hit the tape early, formed a wide initial balance, and buyers spent the rest of the day slowly reclaiming the losses.

Heading into today my primary expectation is for a move up through overnight high 5895.50.  This sets up a test of all-time highs, currently printed at 5903.  We break through then two-way trade ensues.

Hypo 2 stronger buyers, so strong that they drive price up to 5934 before two way trade ensues.

Hypo 3 sellers, working through overnight low 5869.  Buyers down near 5863 then two way trade.

Last Sunday’s Exodus Strategy Session on point so far:

Levels:

Volume profiles, gaps, and measured moves:

If you enjoy the content at iBankCoin, please follow us on Twitter

One comment

  1. Harry Hindsight
    Harry Hindsight

    My expectation is for a normal opening range and then complete capitulation of FAANGS driving Nasdaq into the dust…

    • 1
    • 0
    • 0 Deem this to be "Fake News"