Diamondback Energy Has Been CoilingDiamondback Energy has consolidated as crude oil rallies, and some traders may see potential for a breakout.
The first pattern on today’s chart is the July 2024 high of $214.50. FANG broke the old peak last month before pulling back. Is another push coming?
Second, the oil-and-gas driller made higher lows above its rising 50-day simple moving average after testing the old resistance. That could reflect bullish intermediate-term price action.
Third, Bollinger Bandwidth has narrowed as the stock forms the tighter range. That volatility squeeze may create potential for prices to expand.
Finally, the 8-day exponential moving average (EMA) has mostly stayed above the 21-day EMA since early July. That could be consistent with growing bullishness in the short term.
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
Moving Averages
Stocks Limp into the FedThe S&P 500 has been trying to hold its June high, and some traders may think it will break support.
The first pattern on today’s chart is the price zone between 7,563 and 7,618. It matches the trading range on June 1, an outside reversal day at record highs. The index stayed under that area in June and July, followed by a breakout in August.
SPX bounced near the zone in August and earlier this month. However, there was little follow-through and prices have returned to the range. Is support finally breaking?
Second, the current price action is happening at the 50-day simple moving average. That could reflect a weakening intermediate-term trend.
Third, the 8-day exponential moving average (EMA) is below the 21-day EMA. MACD is also falling. Those signals are potentially consistent with short-term bearishness.
Finally, 7,273 was the high on May 5 before a bullish gap. SPX bounced near that level in June and again in late July. That could make traders expect probing toward the same area, especially with energy prices and yields rising.
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
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EPAM: 50 SMA Big Cup at Resistance with Volume💡 Swing setup idea
50 SMA Strategy
🔎 Analysis summary:
The stock came from the 50-day moving average and is reaching resistance. We can also see a closing big cup pattern with buyers' volume stepping in, confirming interest beneath the breakout zone. This alignment of trend, pattern and level makes the breakout area key to watch. The upside potential is projected by the depth of the cup from the breakout point.
👀 Levels to watch:
Entry trigger: Break above $121.85
Target: $170.70
Stop: Under the breakout / base of the cup
💬 Will EPAM break through resistance and continue higher? Let me know in the comments! 👇
Good luck!
⚠️ Note: This is for educational purposes only and is not financial advice.
MGY: 50 SMA Cup-and-Handle at Resistance💡 Swing setup idea
50 SMA Strategy
🔎 Analysis summary:
The stock is coming from the 50-day moving average, reaching resistance while closing a cup-and-handle pattern. I'm aware of the situation with gas, but we're looking only at technicals here. This alignment of trend, pattern and level makes the breakout area key to watch. The upside potential is projected by the depth of the cup from the breakout point.
👀 Levels to watch:
Entry trigger: Break above $28.35
Target: $33.33
Stop: Under the support / base of the pattern
💬 Will MGY break through resistance and continue higher? Let me know in the comments! 👇
Good luck!
⚠️ Note: This is for educational purposes only and is not financial advice.
$QQQ Daily Close — Sep 14NASDAQ:QQQ Daily Close — Sep 14
Gap down reversal. NASDAQ:QQQ opened at 703.33, ran down to 702.74, then recovered all day to close 709.26. Still red on the session at −0.79%, but the shape of the bar is the story.
The 700 psych level held. That shelf has now been defended three times since June.
Why this bar is different from everything else in this range
For two weeks I've been saying the same thing on this chart: no stopping volume anywhere. Every bounce came on below-average volume. Every cloud reclaim was unconfirmed. Price kept holding levels because sellers were absent, not because buyers were present.
Today changed that.
Range came in at 10.21 against a 9.23 ATR — 111%, the first above-average range in two weeks. Volume 34.12M against a 30.64M average — 111% relative volume, the heaviest bar of this entire sequence.
Price broke below the weekly low at 706.86, pushed into the 700 zone, took out the stops sitting under it, and then reversed hard on expanding volume with a close in the upper part of its range.
That's a shakeout, and it carries stopping volume with it.
Here's the distinction that matters. Every prior bounce in this range was sellers stepping back. This one is buyers stepping in. Volume expanded and the range expanded on the recovery — more effort, more result. That's demand actually showing up, and it's the first time we've seen it since this range started.
Two honest caveats. The close finished at 64% of the range, not right at the high — strong, not maximum. And price is still below both @ripster47 EMA clouds. The signal is real; the trigger hasn't fired yet.
What confirms it
Full long confirmation is a close above 714, where the 5-12 and 34-50 clouds both sit. That's a 5-12 Curl and a 34-50 Crossed together.
And I want volume above 31M when it happens. We've had three cloud reclaims in this range on light volume and all three failed. Today's bar earns some benefit of the doubt, but the follow-through has to bring volume too, or we're right back to the same pattern.
The line below is 702.74. Lose it on volume and the shakeout failed — that converts a successful test of 700 into a failed one, and 686.78 opens up underneath.
I'm long from the reversal, managing against 702.74.
One thing worth internalizing from today: heavy volume at a major low is a buy signal, not a sell one. Most people see a gap down into a big level on the highest volume in weeks and read it as the breakdown starting. It's usually the opposite. The volume tells you someone was there to take the other side.
$SPY Daily Close — Sep 14AMEX:SPY Daily Close — Sep 14
Big gap down at the open. Two scenarios were in play — gap down and fade, or gap down reversal. We got the reversal.
Opened 759.00, dropped to 757.93, closed 760.88. Nearly 3 points off the low.
That low matters. 756.70 has now held three separate times — Sep 10, the weekly low, and today. Sellers keep going there and keep finding nothing.
Volume 41.38M vs 37.37M avg = 111% RVol. And for the first time in three sessions the range actually expanded — 90% of ATR after two days stuck near 45–58%.
Last two sessions were heavy volume with no result. Today the market finally moved, and it moved up off support. That's a shakeout.
Good day so far. Market holding the 34-50 cloud (@ripster47 EMA cloud) but still below the 5-12 cloud (@ripster47 EMA cloud). Fourth close under it.
Trigger: close above 764.29 fills the gap and completes the 5-12 Curl (@ripster47 EMA cloud).
Line: 756.70. Three holds. Lose it on volume and 750 is next.
Tesla May Face ResistanceTesla bounced in August, but some traders may think the EV giant faces resistance.
The first pattern on today’s chart is the weekly low of $368.60 on June 26. TSLA held that level before its July 22 earnings report, but fell through it after the numbers hit. The stock has returned to stall at the same price zone, which could mean that old support is becoming new resistance.
Second, the 50-day simple moving average (SMA) is below the 200-day SMA. That may suggest a longer-term downtrend has begun.
Third, the falling 50-day SMA may be consistent with intermediate-term weakness.
Fourth, stochastics are dipping from an overbought condition.
Next, traders may eye the price zone between TSLA’s 52-week low of $297.38 and its 2025 low of $214.25 for potential probing.
Finally, TSLA is a highly active underlier in the options market. (Its average daily volume of 2.7 million contracts ranks second in the S&P 500 behind Nvidia, according to TradeStation data.) That could help traders take positions with calls and puts.
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
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MSTR Weekly — Reclaimed Key Support, Needs the July 25 DowntredStrategy Inc (NASDAQ: MSTR ) — Weekly
What's constructive:
- Price reclaimed and closed back above the horizontal level (~$100-110) that's flipped between support and resistance over the past year or so — it should now be treated as support again. The reclaim came on solid volume.
- On the daily, price has also cleared the 150-day SMA , which is another bullish signal — though it still needs to clear the 200-day SMA to fully confirm.
What's still missing:
- The downtrend resistance line running all the way from July 2025 hasn't broken yet. Price has already tested it a few times. A clean break and hold above it would be the real confirmation for a bigger move.
Two ways to play it:
- Aggressive: it's already a valid buy here — above the reclaimed support level and above the daily 150 SMA, with a stop placed below both.
- Patient: wait for the July 2025 downtrend line to actually break first. That's the confirmation I'd rather see before expecting the bigger move.
I'm leaning toward waiting for that downtrend break before sizing up, but the structure is clearly improving either way.
NFA.
HIMS (Hims & Hers): Navigating Regulatory Friction
If you want a textbook example of explosive revenue growth colliding with heavy regulatory overhang, NYSE:HIMS is the chart to watch.
Looking at the 4-hour timeframe, the stock has suffered a brutal markdown from the $60 zone down to a capitulation bottom near $15. This was driven by a combination of a July 2026 FTC lawsuit regarding data privacy practices and an earlier FDA crackdown on compounded GLP-1 weight-loss drugs. However, the price is currently staging a fierce reversal, up 4.73% to $28.81, and successfully reclaiming the dynamic moving average.
The Fundamental Drivers & Moat
Despite the legal headlines, the underlying business is generating massive cash.
Surging Demand: Q2 2026 revenue hit $753 million, representing roughly 40% year-over-year growth. The platform boasts well over 2.5 million subscribers, validating their highly sticky, recurring revenue model.
The GLP-1 Pivot: After the FDA cracked down on compounded semaglutide, Hims pivoted strategically. They ceased promoting compounded GLP-1s and signed a direct distribution partnership with Novo Nordisk to sell branded Ozempic and Wegovy.
The Moat: Their competitive advantage is no longer just being a telehealth disruptor; it is their massive, locked-in distribution network. By transitioning to a certified distribution partner for Big Pharma, they act as the primary digital storefront for highly sought-after treatments, backed by a personalized care ecosystem.
The Technical Structure & Execution Plan
The chart shows a classic accumulation pattern following a capitulation event.
The Setup: The stock has established a solid floor in the low $20s and is currently pressing against local resistance in the $28.00 to $31.50 block. The moving average is curling upward, signaling a shift in near-term momentum.
The Trigger: I am looking for a confirmed 4-hour close above the $31.60 resistance level to signal a definitive structural breakout.
Price Targets: Once the $31.60 resistance is cleared, the immediate liquidity draw is the $36.70 zone. If the broader market absorbs the regulatory noise, the mid-term target is a gap-fill back to the $50.00 structural level shown on the chart.
Risk Management: Because this stock is highly sensitive to FTC and FDA news, keep a hard stop loss below the $25.40 support level.
Are you trading the technical reversal, or staying on the sidelines until the legal dust settles?
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$BE or $CLSNYSE:CLS vs. NYSE:BE rare entry window on two clear Alpha stocks in the market right now. NYSE:CLS : Stronger fundamental quality/visibility — diversified AI infrastructure exposure, ~65% revenue growth, ~87% EPS growth, expanding margins.
BE: Faster, more explosive growth — roughly doubling revenue on AI/data-center power demand, but with higher customer concentration and execution risk.
Bottom line: NYSE:CLS = cleaner A+ fundamentals; NYSE:BE = higher-risk, potentially higher-upside growth story. What I am doing is dipping toes and watching for bigger entry.
NYSE:CLS
Trend quality: A+
Base/consolidation: A
Current entry location: A-
Extension risk: Low/moderate
A+ trigger: roughly 365–370 breakout after tightening
NYSE:BE
Trend quality: A
Momentum: A+
Current entry location: B+/A-
Extension risk: High
A+ trigger: tight consolidation before/around the recent high
What do you think? would you in now, or wait?
Zano, solid low cap privacy coin in weekly supportZANO — A Low-Cap Privacy Project to Watch
Zano is a privacy-focused Layer 1 with an approximately $100 million market cap at the time of writing. Its main features include:
Private transactions: sender, receiver and transaction amounts are concealed.
Confidential Assets: users can issue tokens with built-in privacy.
Hybrid PoW/PoS: combines mining with staking to secure the network.
Private staking: Zarcanum conceals staked amounts.
The bullish thesis is that greater demand for financial privacy could drive adoption of both ZANO and its token ecosystem. Its small valuation leaves room for substantial percentage moves.
A sustained revaluation would need growing usage and liquidity—not just attention around privacy coins. Adoption, exchange access and execution remain key risks.
Zano’s latest upgrade, Hard Fork 6, activated on 26 August 2026 at block 3,833,000. Its main addition is Gateway Addresses, which simplify integration for exchanges, bridges and DEXs while preserving privacy for standard wallet transactions.
The release also includes stronger validation rules, improved decoy selection and hardened wallet encryption. It provides infrastructure for broader cross-chain access; further integrations and liquidity growth remain the developments to watch.
MEXC currently accounts for approximately $650K in daily ZANO/USDT spot volume, around 43% of tracked trading volume.
MEXC is showing the highest weekly volume candle since its first initial run in 2024.
The weekly 200 SMA and EMA on the weekly have potential for another bounce or reversal. Wicking to the 4.60 low is a possibility as a liquidity grab, weekly closures below 5 will confirm continuation of the bearish trend on the higher TF.
Low cap coins have thin orderbooks, relatively small orders can cause large spikes in price, Market stops may not fill at your intented price. Treat this one with caution, high risk but potential high reward.
$AVGO: 50W SMA Inflection - Daily Bullish Divergence at 50W SMABroadcom ( NASDAQ:AVGO ) is pressing directly into its primary multi-month trend filter following post-earnings digestion, presenting a high-conviction structural decision point.
• The Structural Shelf: Price has pulled back to test confluence at the 50-week SMA ($365.26) and the 1M support baseline after slipping out of its multi-year ascending channel.
• Momentum Deceleration: While price swept recent lows at $359.25, the Daily RSI printed a clean Bullish Divergence with a higher low, accompanied by contracting negative momentum on the MACD histogram. Sellers are being absorbed at high-timeframe demand.
• The Sector Dynamic: As Micron ( NASDAQ:MU ) expands out of its weekly wedge breakout, Broadcom holding this $365 line provides the foundational floor needed for broader semiconductor continuity.
Trade Parameters:
• Setup Condition: Daily RSI Bullish Divergence active
• Trigger (Long): Confirmed Daily/Weekly close > $368.50 – $370.00 (reclaiming the 50W SMA)
• Target 1 (Breakdown Shelf): $384 – $395
• Target 2 (Channel Retest): $425 – $450
• Risk / Invalidation: Daily close < $358.50 (clean loss of the double-bottom wick floor opens the door straight into the $330–$340 3M Demand Shelf)
At major moving averages, price either confirms exhaustion or triggers continuation. Watching the daily close reaction against $365. ☕
Tesla inside a bull flag, if hold 400$ can go 500$NASDAQ:TSLA tesla has a daily bull flag (white lines). If breaks that trend line and stay above ema200 thats at 400$ which is very close to the bull flag resistance, measured move pattern break would be around all time high's if not bit higher.
That said it's also trading inside a big rectangle (yellow lines), if breaks 500$ I see it pump more, if breaks 500$ would break all time high's and create a pattern break (rectangle) with a possible target up to 760$!
First break and hold 400$ if it does, 500$ next, once break above 500$ and hold all time high's I see it go a lot more higher that you like the company or not it's all in the chart's... technical analysis works often
BE: Bullish Breakout Above the 50-Day and 200-Day EMAsBloom Energy closed at $275.75 on September 11, 2026, confirming a strong bullish structure on the daily chart.
The stock is trading approximately 18.2% above its 50-day EMA at $233.26 and 39.9% above its 200-day EMA at $197.07. The 50-day EMA remains above the 200-day EMA, while both moving averages support a positive medium-term trend.
BE has also broken above its descending trendline. The latest session ended close to its daily high of $277.28, gaining 6.68% on volume of 13.63 million shares.
Bullish Scenario
A daily close above the $277–$280 resistance zone would confirm another leg higher, with the following potential targets:
- $300
- $320–$330
- $351.28, the all-time high
A breakout supported by stronger volume would provide better confirmation.
Key Support Levels
- $266–$260: immediate support and momentum zone
- $250–$245: previous breakout area
- $233.26: 50-day EMA and major dynamic support
- $197.07: 200-day EMA and medium-term trend support
A consolidation above $260 would remain constructive. However, a daily close below $245 could trigger a deeper pullback toward the 50-day EMA.
Conclusion
The overall bias remains bullish, but the stock is now significantly extended above its 50-day EMA. The most attractive technical setups would be either a confirmed breakout above $280 or a controlled pullback toward the $260–$266 support zone.
Invalidation: a sustained move below the 50-day EMA at $233.26 would materially weaken the bullish structure.
Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial advice.
Laurent - Private Investor
✅ DL INVEST | Community Leader
ISRG at a Major Weekly Decision Zone Below the 50 and 200 EMAsISRG is testing a major weekly zone around $355–$395 after a significant correction from its all-time highs.
The highlighted rectangle marks an important structural area. It acted as resistance in 2021–2022 before becoming support during the 2024 breakout. The recent rebound shows that buyers are reacting, but a bullish reversal is not confirmed yet.
Price remains below both the blue 50-week EMA and the orange 200-week EMA. The 50-week EMA is declining, while the 200-week EMA is still acting as overhead resistance. Therefore, the medium-term structure remains corrective.
Bullish scenario: a weekly close above the upper boundary of the zone, followed by a recovery above the 200-week EMA and then the 50-week EMA, would strengthen the case for a sustainable trend reversal.
Bearish scenario: a rejection from this zone or a weekly close below approximately $355 would put the recent low near $335 back in focus and increase the risk of further downside.
For now, the rectangle is the key decision zone. I would wait for weekly confirmation rather than anticipate the breakout.
Laurent - Private Investor
✅ DL INVEST | Community Leader
ON: Bullish Engulfing Confirms Clean Cup & Handle Retest!🍵 Following a multi-month accumulation cup and handle breakout, price has completed a textbook Retest of the primary horizontal neckline at $68.00 – $70.00.
🕯️ A powerful 3D bullish engulfing candle formed right at the retest pivot, confirming strong institutional absorption at key support.
🛡️ Triple Confluence Support Floor ($69.00):
Cup & Handle Breakout Neckline Retest.
Multi-month Ascending Trendline Support.
Dynamic 200 EMA (Purple Line) floor.
📈 Progressive Upside Target Ladder:
🎯 Target 1 ($85): Immediate horizontal pivot and prior handle resistance.
🎯 Target 2 ($98): Psychological $98-$100 zone
🎯 Target 3 ($115): The gap it left behind following the recent fall.
Invalidation:
🛑 Primary Confluence Support: $68.00 – $69.00 (Must hold to maintain this bullish thesis)
Trade Execution Strategy
Entry Zone: Current levels ($69.00 – $76.00) .
Stop Loss: Tight below $68.00 (confluence support)
Take-Profit Scaling: Scale out partial profits at $85 (T1), $98 (T2), and run trailing stops toward $115 and beyond(T3)
$SPY Weekly Close — Sep 11AMEX:SPY Weekly Close — Sep 11
Closed 764.29, −0.77%. Third red week off the 779.37 high.
But the low tagged 756.64 and bounced on the weekly 5-12 cloud (@ripster47 EMA cloud), closing back above it. The level that had to hold, held.
Weekly volume 208.54M vs a 236.96M average — 88% RVol. Below average. Three down weeks with no volume behind them isn't distribution, it's a pullback without conviction.
757 is the key level to hold. Below that we may see some down move → 739.63, then 731.96.
Above, the daily needs 766.38 first.
$SPY Daily Close — Sep 11AMEX:SPY Daily Close — Sep 11
Closed 764.29, +0.85%. But the gap did all the work — gapped up 6.89 points and then closed −0.43 on the session. Big gap up and choppy.
Volume 45.5M vs a 36.88M average, 123% RVol. Heaviest of this leg. Range was 45% of ATR, the narrowest bar of the whole sequence.
Second day running: max volume, no result. Yesterday sellers pushed with size and buyers absorbed it. Today buyers gapped it up and couldn't extend it.
Effort without result, both directions. Nobody has control.
Price right on the 5-12 cloud (@ripster47 EMA cloud) — on it, not above it.
Trigger: close above 766.38 with volume.
Line: 763.60 gap defence, then 760.57.
$QQQ Weekly Close — Week ending Sep 11The week opened 720.91, pushed less than a point higher to 721.89, sold off fourteen points to 706.86, and closed 714.88 in the upper half of the range. Down 0.57% on the week.
That's a test candle. Price probed lower, supply didn't appear, buyers took it back into the close.
One honest qualifier. A test carries the most weight when it follows a heavy-volume down week, because you're testing whether that supply is still sitting there. This test follows five weeks of volume drying up — 144.53M this week against a 196.98M average, 73% relative volume, the lightest in months. There's no supply event to test against. Structurally a test, but a quiet one.
The bigger picture. Since the July high near 748, price has been chopping between roughly 686 and 748 with volume declining the whole way. Weekly range came in at 15.03 against a 27.08 ATR — 56%, a narrow week. The weekly @ripster47 5-12 EMA cloud is flat, not sloped.
That's a two-month compression. Compressions resolve. They don't announce which way in advance.
Weekly levels: 724.20 is the cap and 700.00 is the floor, with the all-time high at 748.65 above and 686.78 below. A weekly close outside 724.20 or 706.86 ends the range.
Until then there's nothing here worth forcing.
$QQQ Daily Close — Sep 11NASDAQ:QQQ Daily Close — Sep 11
Gap up after CPI, then chop. NASDAQ:QQQ closed 714.88, up 0.87%, back above both @ripster47 EMA clouds. The market held the 5-12 curl. No clear direction yet.
The detail on the bar
The whole gain was the gap. Opened 715.68, closed 714.88 — below its own open. Once the session started, price did nothing: a 4-point range, 44% of a normal day, the narrowest of this entire sequence. Volume 26.58M against a 30.89M average, 86% relative volume.
An up bar, narrow range, low volume, closing at the bottom of its own range. That's no demand.
Put the last two days side by side. Yesterday price broke both clouds on 31.33M — 102% relative volume, the first above-average day in a week. Today price reclaimed both clouds on 26.58M — below average.
Sellers brought volume yesterday. Buyers didn't bring it back today. The reclaim came from a gap, not from demand showing up.
Levels
717.63 is today's high, 713.63 the low. Above, 721.89 then the 724.20 Key Level. Below, 706.86 is the line, then 700.
A close through 724.20 or 706.86 on volume above 31M gives something to trade. Anything in between is more of the same.
No position here. Mid-range, flat clouds, no volume behind either side.
$GLD Weekly OutlookAMEX:GLD — Weekly
Down 1.97% to 398.77. But look at how it fell: volume at 123% of average, range at only 57% of normal, closing off the low.
Heavy volume that produces almost no movement is absorption. A lot of stock changed hands and price barely moved — someone is taking the selling.
This is the second Test sitting right on the weekly 34/50 cloud (@ripster47 EMA cloud). So far it's holding.
The line is 395.51 — weekly 34/50 and the Stopping Volume low together.
Weekly close above 400.35 and the absorption wins: 407, then 415, then 422.
Weekly close below 395.51 and it flips: 390, 385, 380.
Neutral until one of those prints. 400 is the pivot.
One caution — absorption only counts if price eventually lifts on it. Another heavy week with no progress and the buyers here get run over.






















