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- [nqrack] 2025-04-09 it was that kind of turnaround
[nqrack] 2025-04-09 it was that kind of turnaround
daytrader's paradise, more worries for everyone (else)
n qracky
April 09, 2025
The Numbers
She has to make it above 17128.25 to have a chance at 17310.5, staying above that is decent for the day, as sheāll make an attempt to 17434-17454.25 zone. Staying above that locks her in to tap 17749.25, with more numbers above.
Staying below 17128.5/17125.5 will likely keep us in the box starting 17040 and down to 16960 (poc itās messy here) 16760 (aggresive long), 16686.75 (better long), but if we lose 16686.75, itās 16569.25 and below (i will share link to my chart)
BONUS: if youāre really patient, thereās a number sitting around 15968.5 that it may not be time to get to yet (itās part of what iād call another leg of downward trending) if they got there during the trading session sometime this week, depending on how they do it, iām there, and hope I have some dry powder available. š
The Big Picture
We have a balance area! ā¤ļø ā¤ļø Letās see how long it holds. For now It gives me something to trade with in the short term.
The market got a lot of people hyped up yesterday, with people hoping to confirm their political bias, as well as their market bias, in a clear downtrendā¦I donāt say iām prone to it, but I certainly wasnāt yesterday, as I found myself looking for them to give us some kind of a balance to play with, and they delivered! I had some championship tweets yesterday, and in fact, in yesterdayās newsletter, I tried to tell āem when they hit our zoneā¦
Iām not sayinā, but iām just sayināā¦and with that saidā¦thatās going to be a point of resistance, depending on how they make their way up through that area. They either need to hit it with force, or if they get stuck, Iād proceed with caution. That said, this is the area that they seem to clearly be gunning for this morning, so donāt be surprised if we pay a visit there again today! If they push past it, watch out bears!
Welp, the bears didnāt have to watch out, as they couldnāt make it through, and that ended up being the high of the day. Just as everyone was rejoicing, and at least one major pundit going on about āBEAR MARKET HOAX IS OVERā or some nonsense (he probably sold at that point), we dropped, creating the wonderful balance area I dreamed about ā¤ļø . If you are on the twitters, or exes or whatever, iām having a great time by myself, feel free to join in:
So, anyway, the downtrend continues, I still donāt think itās a bad place to be building positions (especially if you dollar cost average), but Iām not willing to ever call a bottom untilā¦heck, iām willing to be weeks or months late. I look for optimal entries and, if i have change in my pocket try to take āem (one day, one dayā¦). The numbers are above, and iām sharing my chart all week with the numbers you could use (take āem or leave āem, but donāt say i didnāt tell you). Theyāre not always perfect, but they areā¦well informed.:)
News
No news today, except some FOMC minutes. maybe thatāll move something, or maybe someone will open their big mouths at a key level and turn things around one way or another during the day. Who knows, the market is full of surprises, and also full of the same ol same ol. At least my friend Nasdaq.
Hereās to patience, learning, and profits! š«”