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

19 באוק׳ 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 באוק׳ 2020

הערה

19 באוק׳ 2020

הערה

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 באוק׳ 2020

הערה

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 באוק׳ 2020

הערה

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

22 באוק׳ 2020

הערה

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 באוק׳ 2020

הערה

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 באוק׳ 2020

הערה

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

23 באוק׳ 2020

הערה

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

26 באוק׳ 2020

הערה

YIKES.