This is the QQQ "Normal Mondays" pattern projecting for 12/19/22. It is a moving weighted average of the Monday Intra-day movement, smoothing out FOMC and Holidays for the past year. The pattern is substantially different from FOMC Mondays.
Some important notes:
1) On Friday, we saw a pattern break on moving weighted average trend following the FOMC announcements. This could mean that a new intra-day pattern is forming.
2) Watch for a pattern break in the morning and in the afternoon. If it isn't trending then a new pattern may be on the horizon.
3) If a new pattern is formed, I will either weight this week more heavily into the existing pattern, or build an entirely new model.
Cheers!
Some important notes:
1) On Friday, we saw a pattern break on moving weighted average trend following the FOMC announcements. This could mean that a new intra-day pattern is forming.
2) Watch for a pattern break in the morning and in the afternoon. If it isn't trending then a new pattern may be on the horizon.
3) If a new pattern is formed, I will either weight this week more heavily into the existing pattern, or build an entirely new model.
Cheers!
עסקה פעילה
10:48 AM EST 12.19.22We have a clear pattern break, and it appears to be a reversal of the key pivot points. I look for another drop at 1PM, and instead of a steady decline, a possible steady rise into the afternoon at 3:00 PM
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.