NG 03-23
FR7 and FR7Range show upside capitulation on 11-23 above 50-sma and at 200-sma and above 2 sd above bollinger band on low cumulative volume
On 12/19-12/20 AHFTSpread downspike from 12/16 shows downside price momo continuation more aggressive, separating and persistent than 11/8
RSI(7) well above lows required for local low past 2 months leaving more downside room possible
Buy Feb 4.05 p for 4720
NQ 03-23
Early Aug traded above 50-SMA and 1sd above bollinger band before rolling over with slight confirmation from FR5, pattern repeating now with RSI(7) grinding lower like before but not at extreme lows preceding a bottom.
Look for large momentum downside before entering sh term put position
May be extended to downside in sh term as tested 10880 sup on 12/22 - retest 11300? Fisher shows possible downside exhaustion and daily chart riding Bollinger 1-sd below
ES 03-23
Similar set up as NQ 03-23 except tested above 200-SMA i md Aug and just recently did as well before rolling over.
Similar possible rebound to 3910.
CL 02-23
All major indicators showing strong divergence to upside - more confluence now then last time there was a bounce in early October above 50-SMA and 1-sd above Bollinger. $75.00 looks like solid support, end of first week of Dec looked like stop-fishing expedition below it. Low holiday volume can lead to upside short squeeze.
Buy Feb 83.00 C for 1880.00
ZN 03-23
On 11/10, gained upside momo to rally above 50-SMA riding between 1-sd above Bollinger and 20-SMA; lost upside momo past few days
