[nqrack] 2025-04-16 dump n rescue

The Numbers

staying above 18501 (or recovering it during the session if she loses it before I send this) is bullish-ish for the day, seeking back up to 18583.5. they got a bit of work to do to reclaim 18775.75, which, if they close candles above during the session, finally bullish (without the ish) for the day. if they get past 19045.5, then, good job bears you stayed awake.

below 18501 we continue to attack the rescue zone at 18318.25, 18243, then maybe we’ll actually get our 17917 today!

🔮🔮🔮

Shout out to the market for closing right at my number yesterday. on $MNQ_F ( 0.0% ) LOL. Before the close, i was looking for a number, and in my first tweet, was too lazy to look at the exact. number so called it 18400…

3 mins before the close i figured i’d just say it:

where did we close?

(psst: it wasn’t my number, the market showed us before the close order flow imbalances are great tells. along with seeing this tape over and over, makes it easier and easier to see where things are going. trading it, is another skill altogether, don’t ever forget that part! 🥹)

The Big Picture

Slow week overall, which we could use…it’s holy week. maybe she’s trying to be good.

Welp, she is still in a balance, as far as i’m concerned. She’s lower than she is higher, and after yesterday’s massive rescue after the bell (she reclaimed a level i relabled from “don’t lose this” to “if reclaimed, seeking higher”, after they dumped :), trying to work her way higher up the balance. Currently she’s got quite a bit of work to do however. But anything can happen! I’m still holding on to some $SQQQ ( ▲ 0.99% ) in the meantime.

Another thing of note — there’s a double distribution situation going on in the volume profile. PDVAH looks to be the inflection point. I’m considering magnetic and wouldn’t be surprised if they visit it today. Given the past few days, it’s open to rejection, but anything can happen.

Powell opened his mouth and the markets dumped,they say. I say, it was an excuse. Where did they bounce? right at $QQQ ( ▼ 0.32% ) Point of control.

While i’m on the subject of $QQQ ( ▼ 0.32% ) , if it’s helpful, i’ve marked a long-time zone. recover it and she’s definitely seeking higher. right now she’s just kinda playing around inside of it, after yesterday afternoon’s recovery.

Balance rules are in play, until otherwise, although, it is difficult to unsee a bearish-pennant forming. until they can recover PDVAH, and even better, the 5d POC, i’m bearish on the day, and, certainly on the week.

News

I’ll have this out after the news this morning (spring breaks, amirite?) so Housing Starts will have already gotten us clear of news releases; not sure how much it will actually have moved the tape, except as an excuse.

Markets closed for good friday tomorrow, but I believe futures will still be moving a little friday until around noon or 1pm. So No newsletter for me tomorrow. I hope you have a Good Friday, and have a great Easter weekend (or Resurrection Day weekend as a lotta protestants like to call it ;-)

Here’s to patience, confidence, learning, and profits! 🫡