Sierra Chart is a professional desktop Trading and Charting platform for the financial markets.
Joined February 2010
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SierraChart retweeted
Nasdaq (first) and S&P (second) profiles for the last 4 FOMC periods.
Nasdaq value has remained remarkably consistent for the last 6 months. The anomaly is the distribution in the cyan box which we've just come down from.
You see the edges, you see the distributions.
#ES_F #NQ_F $SPY $QQQ
SierraChart retweeted
Opening weakness exhausts right into 7751, and buyers step in.
#ES_F
#ES_F
Daily Plan | October 28
Today’s session developed into a double distribution trend day, with single prints in the C and D-periods, after rejecting Monday’s value area early in the session. Last week’s gap at 7751 was filled in the process.
The key question now is whether buyers can sustain upside momentum after filling the gap and effectively rejecting the weakness seen on Thursday and Friday.
Today’s afternoon pullback low at 7751 is the immediate level of interest to gauge what the market wants to do next. FOMC on deck tomorrow!
Smashlevel: 7751
SierraChart retweeted
Dow bid right up into its ATH VWAP. Expecting some selling here, into a reasonably tapered profile. May consider getting long again if we can settle back down and find a good base.
If anything, I'd be looking for a nasdaq bounce based on this. May even consider a short, let's see how it acts.
#YM_F $DIA #ES_F #NQ_F $SPY $QQQ
Last update on this trade: after a very well timed and lucky trim at 52570 yesterday, I added to my long at 51892 yesterday, and 51790 this morning after the warm CPI. I trimmed one of those adds into 52050 on the initial bounce, but after we failed to hold the opening price of 51850, I got flat at 51830.
So, a good trade, with +1100 points on the first trim and net about +350 on the second after all is accounted for. Did not run as I hoped it would, but the execution was reasonable.
Not loving the profile (see pic) for a continuation long right now. Very much a 50/50 to me here.
The RTY long just never materialized in the swing account. Bought 2806, but got flat 2780 and 2795 yesterday. Loss was about -15 to -20 points on it.
$DIA #YM_F #ES_F #NQ_F $SPY $QQQ #RTY_F $IWM
SierraChart retweeted
In this video I will be going over yesterday's news related short squeeze and how to determine when the squeeze is over with the DOM and footprint charts.
When the short squeeze is over the market will often move back the other way to flush inventory on the other end as well.
Not surprisingly it happened again today.
After the market finished flushing out longs yesterday, the market ended up rallying higher today in search of higher prices.
SierraChart retweeted
Completely forgot what I was supposed to do today. Anyway, here’s some ladder. @SierraChart
SierraChart retweeted
Other than scalping rotations off orderflow activity, it’s been a session to forget.
$ES
SierraChart retweeted
short time frame momo has it pawprints all over this market. Maybe things loosen up a bit after opex.
