I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,723 Blog Posts

Drift and balance, here is the Thursday NASDAQ trading plan

NASDAQ futures are coming into Thursday with a slight gap up after an overnight session featuring normal range and volume.  Price worked sideways overnight, holding inside the Wednesday range.  At 8:30am initial/continuing jobless claims data came out mixed.

There is a 30-year bond auction at 1pm.  There are no other major economic events.

Yesterday we printed a normal variation up.  The day began gap down and after a choppy open buyers worked the overnight gap shut then continued higher, to a new weekly high before two way trade ensued.

Heading into today my primary expectation is for little movement.  Buyers work up through overnight high 7486.25 setting up a move to target 7505 before two way trade ensues.

Hypo 2 sellers work into overnight inventory and close gap down to 7469.25 then take out overnight low 7458.75.  Look for buyers down at 7450 and two way trade to ensue.

Hypo 3 strong buyers sustain trade above 7505.25 setting up a  run for all-time-highs 7530.


Volume profiles, gaps, and measured moves:

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One comment

  1. woo

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