Cup/Handle Long off Large Dark Pool Supports $QQQ $NDX

19 ott 2020

We have waited patiently for the OCT 9 gap to be filled. This may be the trigger area near the 61.8% fib level from the September high to low. The 12+ million QQQ dark pool level should show support.

19 ott 2020

Nota

19 ott 2020

Nota

Remember that DJI and SPX election year seasonality show at some point a buying into the election and beyond to the Q4 FOMC.

This year can be different, since the election may be contested if there is not a clear winner on Nov 3/4.

19 ott 2020

Nota

Once the OCT 9 gap (OCT 12 dark pool level shown) was broken it surged much deeper.

Looks like they want to fill the Thursday OCT 8 gap now.

20 ott 2020

Nota

NDX futures are traveling down in a clean parallel channel. We may keep doing this until next week on Monday, OCT 26.

22 ott 2020

Nota

Rare oversold alert for SPX futures. The percentage of down days over the last 7 days reaches 0%.



This occurred only a few times in the past 10 years.

2018



2016 (Right before election)



2008

22 ott 2020

Nota

Standard usage of this signal from Larry Connors is to buy into it, and close the trade when the metric crosses back over the mid (50%) line.

22 ott 2020

Nota

QQQ hits the OCT 2 dark pool level, and barely misses the OCT 8 gap fill here.

23 ott 2020

Nota

I am staying away from tech and focusing on SPX, DJI, Russell 2000 into the election.

26 ott 2020

Nota

YIKES.