ParallaxCapital

Equities | Futures | Market Commentary
Technical & quantitative observations
Views are my own. Not financial Advice

[ParallaxCapital @Parallax_Cap]

$ES $SPY Exactly 2 weeks ago I noted how ES had formed a textbook symmetrical triangle.

We continued to fill it out for 2 weeks with buyers defending key supports on the way up.

Today ES has attempted a breakout.

7700 next up. 7550,7500 supports.
Have a great weekend!!

[ParallaxCapital @Parallax_Cap]

$ES #ES_F Es has now formed a textbook symmetrical triangle (cash session chart).

$SPY $QQQ

[Jonathan Faison @jfais20]

The best traders are not geniuses, they are survivors.

They last because they keep the ego in its place.

They stay in their lane and wash, rinse, repeat the same system over and over. - @SunriseTrader

[ParallaxCapital @Parallax_Cap]

$ES #ES_F 13 day consolidation continues. as noted 7530-35 is key.

[ParallaxCapital @Parallax_Cap]

@Biotech2k1 Ye

[ParallaxCapital @Parallax_Cap]

$ES #ES_F Es perfect hold of 7473 which was the downside target and previous range VAH. Bulls now want to gain acceptance back above 7530

[ParallaxCapital @Parallax_Cap]

$ES #ES_F Buyers were unable to establish themselves above the balance VAH and we’ve now traversed back down the range as the selling continues overnight. Needs to reclaim Tuesdays low to squeeze. Otherwise 7473 is next which is a huge area.
$SPY

[ParallaxCapital @Parallax_Cap]

$NQ #NQ_F Flush to bottom of range. buyers need to hold here AND reclaim range VAL.

[ParallaxCapital @Parallax_Cap]

$NQ #NQ_F Nq weekly consolidation continues as 4 straight weeks of lower highs.

[ParallaxCapital @Parallax_Cap]

$XBI Finally taking a breather and showing big relative strength early on off thwe -10% correction level.

[ParallaxCapital @Parallax_Cap]

$XBI New high of week The power of a trend.

[ParallaxCapital @Parallax_Cap]

@jfais20 xbi reversal off the 10% correction level lol

[ParallaxCapital @Parallax_Cap]

@adamscrabble On the bright side this is the competition in life

[ParallaxCapital @Parallax_Cap]

@Biotech2k1 Ye hit 130 to the penny last Thursday

[ParallaxCapital @Parallax_Cap]

$ES #ES_F Buyers were unable to establish themselves above the balance VAH and we’ve now traversed back down the range as the selling continues overnight. Needs to reclaim Tuesdays low to squeeze. Otherwise 7473 is next which is a huge area.
$SPY

[ParallaxCapital @Parallax_Cap]

@jfais20 Any opinion on zyme?

[ParallaxCapital @Parallax_Cap]

$NQ #NQ_F Nq weekly consolidation continues as 4 straight weeks of lower highs.

[ParallaxCapital @Parallax_Cap]

@jfais20 Probably take nice amount of time to digest all this

[Jonathan Faison @jfais20]

The pathway to your greatest potential is often straight through your greatest fear. - Craig Groeschel

[ParallaxCapital @Parallax_Cap]

$SPY Key 750 support test as its the 2 month range vpoc

[ParallaxCapital @Parallax_Cap]

@AuclairsDad Wud b somethin

[ParallaxCapital @Parallax_Cap]

@eliant_capital In semis?

[ParallaxCapital @Parallax_Cap]

$ES #ES_F As noted yesterday the market continues to accept the upper end of the previous 8 day range and holding above the POC. Bullish.
$SPY

[ParallaxCapital @Parallax_Cap]

$ES #ES_F Consolidation above the previous 7 day range poc, 21ema, and local .618 continues.