[nqrack] 2025-05-02 FRIDAY

The Numbers

Above

She’s here, and she’ll have to at least hold above 19967 so she can keep some energy to push past 20025 and back into the 20041.25 territory. pushing past 20080.75 at the begining of the day would be what I consider quite a strong start, and she’s aiming to try to beat 20177.75, and ultimately 20289.25. She’s got a lot of wiggle room to initiate a large dump if she wanted.

Below

A loss of 19855.5 will lead to an attempt to lose wednesday afternoon’s gains. 19676.75 looms below, then back down to 19611.25, but they’re likely aiming as far down as 19499.25 or lower.

They could stay quiet today and choose to consolidate here for a bit…we have news today that usually shakes things up though so…anything can happen.

The Big Picture

They goosed the tape Wednesday, and have been consolidating since, getting to the area where we dumped into everyone’s Fear Territory. Now she’s consolidating either to distribute again (i.e. dump), or ease up out of this area to continue aiming for the all time high territory and days of stock glory. Which do you think it is? Well, it doesn’t matter what we think, we’re following price. and so far, she stopped JUST SHY of the value area high of the exact spot she started taking a massive🤮🤮🤮 and ran away. When she stops short, is where I become verrrry cautious that she still wants it, especially on the hour, it would appear to be a “light reject” for such a key area…

She currently is still hovering in the upper area, being flaggy, so maybe they won’t be so nice on the way back up…but they still need to push past the 2024 Value Area High for ol’ nqracky to consider things bullish again, no disrespect to the great job they’ve been doing getting here. It is times like these where news, such as earnings, and global events, can make all the difference in providing the excuse to explode or give up the ghost. just stay aware, and take this chart, it’ll be helpful:

https://www.tradingview.com/chart/jEdmnSe5/

News

NFP and Unemployment tend to get some volatility giong, so we’ll see what happens. I’m under the weather, so I’m trying to determine if i care enough to trade today—definitely not trying to lose money for nothing, haha!

Calling it like I see it, when I can on x:

https://x.com/nqracky

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