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

2020年10月19日

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.

2020年10月19日

註釋

2020年10月19日

註釋

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.

2020年10月19日

註釋

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.

2020年10月20日

註釋

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

2020年10月22日

註釋

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

2020年10月22日

註釋

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.

2020年10月22日

註釋

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

2020年10月23日

註釋

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

2020年10月26日

註釋

YIKES.